Bitcoin Price Races Toward Wildly-Bullish ‘Golden Cross’

Bulls finally got the better of stubborn bears as they smashed the $4,200 resistance level to see a sharp 20% Bitcoin price increase. The surge occurred at 07:00 UTC+1 on April 2 and managed to reach $5,000, marking the flagship cryptocurrency’s highest level in 2019. Bitcoin Price Jumps Above 200-Day Moving Average Today’s closing price will be a key indicator for where things move from here. Should Bitcoin close above the 200-day moving average, which seems likely given that the price increase has held steady above $4,700, this brings the…

Brian Kelly Says Next Target for Bitcoin is $6,000, With Crypto Markets Bottoming

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2. During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement comes in the wake of a price surge elast night when the leading coin skyrocketed by over 15 percent and broke the $5,000 price mark for the first time since last November. Kelly suggested…

On Insurance and Cryptocurrency – The Coinbase Blog

A unique look under the hood of one of the world’s most comprehensive crypto insurance programs Over the past three years, Coinbase has changed the way some of the world’s leading insurance companies think about risk in the cryptocurrency space. Along the way we built an industry-leading insurance program. Our Chief Information Security Officer (CISO), Philip Martin, shares insights into the program below, along with thoughts on the future for this emerging risk area. If I had built a list of the things I’d do when I came to Coinbase…

PayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First

In an apparent first, global online payments firm PayPal has made an investment in a blockchain startup — one that focuses on leveraging the technology to give users more control over their digital identities. The news was reported by Forbes on April 2. The investment comes as part of an extension to a Series A funding round in the startup — called Cambridge Blockchain — that first raised a total of $7 million in May 2018. While neither PayPal nor Cambridge Blockchain have disclosed the size of the payments giant’s…

Paxful Introduces AI-Powered, Biometric Verification to Improve KYC and AML

The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures on the platform. Teaming up with Jumio, a digital identity and address verification company, Paxful is hoping that this added verification will help to minimize fraud risk. Speaking to Bitcoin Magazine, Ray Youssef, co-founder and CEO of Paxful, said that the platform was already emphasizing account verification as a way to prevent fraud. “Prior to implementing Jumio, we had a zero-tolerance system for scammers,…

Brian Kelly Reveals Just How High This Rally Will Go

The crypto bulls are out in full force, and price predictions are back. Crypto trader Brian Kelly has consistently stuck up for bitcoin, even during the market downturn. Now BTC is returning the favor with today’s double-digit percentage rally. Kelly has taken his cue, telling CNBC that the $6,000 to $6,500 range is the new resistance and that’s exactly where the bitcoin price is headed: “Probably a reasonable target is close to $6,000 for this move.” Based on fundamentals, bitcoin could rise as high as the $6,500 to $6,800 range…

Global FOMO Primes Bitcoin for 40% Surge

Bitcoin is primed for a bull run to $7,000 later this year, says a major global asset management and financial advisory company in comments early Tuesday morning. DeVere: Crypto Winter is Over & Bitcoin Will Boom Nigel Green, founder and chief executive of DeVere Group, a $10 billion financial advisory and wealth management firm for high net worth individuals, says crypto winter is over: “I’m now calling that the market has bottomed and the so-called crypto winter has come to an end. I believe Bitcoin will now move higher over…

Volumes Up 5X As Ripple (XRP) Prices Break-out From a 3-Month, 4 Cents Range

Ripple price revival, up 12 percent SWIFT competition increase, after Ripple now CIPS After 20 million XRPs were stolen from BitHumb, exchanges should put in place measures to jealously protect their reputation as well as shield user funds. Yes, there are losses but there shouldn’t be wholesale condemnation as exchanges play a critical role of injecting liquidity in the market. Besides, as a fiat-crypto or crypto-crypto on-ramp, they help in drawing demand, spurring adoption which boosts penetration of assets as Ripple (XRP). Ripple Price Analysis Fundamentals Exchanges are struggling with…

Apple, Amazon Alums Behind Sharding Startup Raise $18 Million

Bucking the 2019 trend of fundraising on equity, one startup has completed a substantial token presale. Harmony announced Tuesday that it raised $18 million from an array of investors that includes Hong Kong’s Lemniscap VC, Australia’s BCA Fund, Singapore’s UniValues Associates and Silicon Valley’s Consensus Capital, among others. Co-founder Nick White told CoinDesk that selling tokens was the only path that made sense, because “our long-term vision is to create a decentralized protocol.” The Harmony blockchain will launch with a pre-mine of 12.6 billion tokens. Investors have purchased slightly more…

PayPal Makes Its First-Ever Investment in a Blockchain Startup

Online payments giant PayPal has made its first-ever investment in a blockchain technology company. Announced today, PayPal has joined the extension of a Series A funding round in Cambridge Blockchain, a startup that helps financial institutions and other companies manage sensitive data using shared ledgers. Neither PayPal nor Cambridge Blockchain disclosed the investment amount, but recent filings with the SEC indicate that Cambridge Blockchain has raised a total of $3.5 million in new equity from several investors over the past nine months. That follows the $7 million close of its Series…