Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability of up to 1 billion USDT worth of the exchange’s tokens, dubbed LEO, for purchase. The token described in the marketing document — which specifies that it is not a white paper — is…

Tron’s DAU Highs But Will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent Platform registers new dApp DAU highs Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents. Tron Price Analysis Fundamentals Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a…

Bitcoin (BTC) Inevitable Cool off, Billionaire Dismissive

Bitcoin (BTC) retests significant resistance Warren Buffet bashes Bitcoin for the second time After describing Bitcoin as Rat Poison Squared, Warren Buffet now says the asset is a gambling device. Even so, Bitcoin is retesting Q2 2018 lows and immediate resistance at $6,000, adding 6.3 percent in the last week. Bitcoin Price Analysis Fundamentals The Oracle of Omaha is back. Warren Buffet may be one of the wealthiest people in the world but he, like most billionaires including Bill Clinton, is dismissive of Bitcoin. Although Bitcoin is one of the…

5-Months of Ripple (XRP) 10 Cents Consolidation, Breakout Delayed

Ripple (XRP) prices flat Ria Money Transfer integrates with Ripple Days after SABB, Ria Money Transfer is the latest to join the RippleNet family. The service transfer approximately $40 billion per year. Meanwhile, Ripple (XRP) is under pressure and trending above 30 cents, down 1.9 percent in the last day. Ripple Price Analysis Fundamentals No doubt, Ripple—and it doesn’t matter the rate at which they are on-boarding clients, will be a crucial player in global remittance in the next ten years. What took SWIFT more than four decades to build,…

‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale

New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. Released today on Twitter by known company shareholder and over-the-counter trader Zhao Dong, a 3-page “marketing document” details the specifics of how the sale might ultimately take place, while noting throughout that it is not intended to be legally binding. For example, the document…

Bitcoin (BTC) Price Dips Remain Attractive To Bulls

Bitcoin price surged above the $5,800 level and traded to a new 2019 high against the US Dollar. The price traded as high as $5,837 on Kraken and recently corrected below the $5,600 level. This week’s followed two bullish trend lines are intact with support near $5,500 and $5,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it is likely to bounce back above $5,650 in the near term. Bitcoin price surged above the $5,700 and $5,800 resistance levels.…

Experts Explain Factors of Overnight Rally

Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in a single day. Most crypto assets in the global market have substantially surged in value in the past week Source: coin360.io Major crypto assets such as ether (ETH), litecoin (LTC), bitcoin cash (BCH) and EOS recorded gains in the range of 4% to 8% against the United States dollar, fueling the momentum of the crypto market. Timing of bitcoin…

Binance, OKEx and KuCoin Are Using IEOs to Command the Spotlight

Token sales haven’t stopped since the 2017 boom. They’ve just changed names. Initial exchange offerings (IEOs) – where a cryptocurrency exchange offers a direct listing and launch campaign for a new startup token – are earning blockchain companies millions in 2019. Two sources, who both requested anonymity to avoid alienating exchange partners, told CoinDesk that some exchanges declined to list their tokens unless their startups paid hefty fees, in various formats depending on the exchange. These fees, the sources said, ranged from 10 percent of the startup’s equity, plus a…

Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

The total crypto market cap is up more than $15.0B in the past three days. Bitcoin price rallied more than 5% and traded above the $5,800 resistance level. Litecoin (LTC) price is up around 6% and it broke the key $75 and $78 resistances. Bitcoin cash price rallied 10% and broke the main $295 and $300 resistances. Tron (TRX) price finally broke the $0.0242 and $0.0245 resistance levels. Cardano (ADA) price is back above $0.0700 and it may climb further towards the $0.0750 level. The crypto market cap rallied, with…