Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

Another Hard Fork, Will Bitcoin Cash (BCH) Tank or Soar in Response?

Bitcoin Cash (BCH) up 6.8 percent Schnorr Signatures implementation ahead of the more decentralized OG Six months after a contentious hard fork, Bitcoin Cash developers plan to upgrade the network to include Schnorr signatures that require less space while simultaneously promoting scalability, security, and privacy. Meanwhile, Bitcoin Cash (BCH) prices are stable, up 6.8 percent in the last week. Bitcoin Cash Price Analysis Fundamentals Roger Ver maintains that Bitcoin Cash (BCH) is the real “Bitcoin” and knows little about Craig Wright’s Bitcoin SV. Although Bitcoin Cash is a fork of…

Ripple (XRP) Unresponsive, Lagging and Consolidating Above 30 Cents

Ripple (XRP) in an extended consolidation Technical reasons preventing RippleNet clients from upgrading to xCurrent 4.0 For Ripple (XRP) demand, then more banks should use xRapid an “on-demand liquidity tool.” Unfortunately, it is a handful of banks that use the solution as technical and legal reasons slow down adoption. Meanwhile, Ripple (XRP) is flat, ranging within a 10 cents zone with caps at 34 cents and 40 cents. Ripple Price Analysis Fundamentals Even though Ripple (XRP) is one of the most liquid assets in the sphere and the third most…

Bitcoin (BTC) Stopped Caring About Bad News, Up 11 Percent

Bitcoin (BTC) add 11 percent Changpeng Zhao wanted to roll-back the Bitcoin blockchain Hackers have no borders and funds are after all, not SAFU after yesterday’s hack that saw Binance lose 7,000 BTCs. All in all, Bitcoin (BTC) prices are in a solid uptrend. As a result, traders have an opportunity to buy on dips with the first target at $6,000. Bitcoin Price Analysis Fundamentals If anything, it has been a tumultuous 24 hours for Binance, the world’s largest exchange. As reported by NewsBTC, a team of skilled and patient…

Bitstamp Hires Ex-Coinbase Trading Head to Court Wall Street Money

Bitstamp, one of the longest-running cryptocurrency exchanges, has hired a former Coinbase executive and Wall Street veteran as its new head of U.S. operations. Announced Wednesday, Hunter Merghart joined Bitstamp six months after quitting his job as the head of trading at San Francisco-based Coinbase in October. He will lead the opening of the Luxembourg-based exchange’s New York office — the company received a BitLicense from the state last month — and focus on serving institutional clients. Merghart is “the perfect person to lead our U.S. operations, which includes making sure our retail and…

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings (IEOs) starting from next month. Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up to $1 billion worth in the tether (USDT) stablecoin by selling its own exchange token, dubbed LEO, in a private sale. However, the white paper indicated the private sale will end on May 11, not the…

India’s Complex Relationship with Crypto

A blow was struck to the crypto community in India in late April as reports circulated regarding a proposed ban on cryptocurrencies. India has a strong and passionate community of crypto enthusiasts, however, their steadfast belief in the value of cryptocurrency does not appeared to be mirrored in the diverse organs of the Indian state. Cointelegraph takes a deep dive into the latest developments in the Indian crypto sector and speaks to the experts determined to stick out this turbulent period for investors. Ban rumor shakes Indian crypto community In a development…

Bitcoin (BTC) Price Remains Strong Buy On Dips Despite Binance Hack

Bitcoin price traded to a new 2019 high above $5,950 and recently corrected lower against the US Dollar. The price declined below the $5,900 and $5,840 support levels, but it remained well bid. There was a break below a connecting bullish trend line with support near $5,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher once towards the $5,880 and $5,900 levels in the near term. Bitcoin price started a downside correction after testing $5,950-6,000 against the US Dollar.…

Crypto Market Testing Key Support: Bitcoin Cash, BNB, EOS, Tron Analysis

The total crypto market cap corrected lower sharply and tested the $178.0B support area. Bitcoin price retreated after testing the $6,000 resistance and tested $5,850. EOS price is down 3% and it is currently trading near the $4.85 support level. Binance Coin (BNB) declined sharply after 7,000 BTC was stolen from Binance exchange. Bitcoin cash price struggled to stay above the $290 level and it recently broke the $285 support. Tron (TRX) price is trading with a positive bias and it is currently up 1.5%. The crypto market cap tested…

Ripple (XRP) Price Prediction: Breakout or Further Decline?

Ripple price failed to hold gains above $0.3020 and declined recently against the US dollar. The price traded to a new weekly low below the $0.2950 and $0.2920 support levels. There is a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to decline further as long as it is below $0.3000 and $0.3020. Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. XRP remains at a risk of…