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Crypto.com Chain Price Gains Another 50% as $0.1 Target is Within Reach

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Even though one would be inclined to say the bearish pressure is gone from crypto again, there is still a lot of uneasy momentum. A fair few markets are still in the red, whereas most others do not note any spectacular gains. One notable exception in this regard is the Crypto.com Chain price, which simply keeps firing on all cylinders. It is the most bullish market today, and even this past week.

Crypto.com Chain Price Shoots up Again

For those unfamiliar with the Crypto.com Chain project, it is easy to explain. Crypto.com, formerly known as Monaco, introduced this new token as part of their push to enable mainstream crypto payments usage. The token is distributed without pre-sale, public sale, or ICO, and is “airdropped” to Crypto.com holders through the native wallet app. Its total supply sits at 100 billion CRO, of which nearly 4 billion are distributed to users at this time.

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Over the past 24 hours, the Crypto.com Chain price has risen by another 54% in USD, BTC, and ETH value alike. This is a very bullish sign, although it is not the first major uptrend either. In fact, this project has seen bullish momentum for quite some time now and it seemingly is not relenting. The token is even on the verge of entering the market cap top 20 because of its individual value of $0.097.

Finding reasons for this strong price gain is not all that easy. While it is true CRO is now listed on the Upbit exchange, that alone will not necessarily improve its price by such a matter. To date, CRO was only live on a handful of exchanges, with Bittrex and GOPAX generating most of the trading volume. It will be interesting to see how Upbit performs in this regard, although it is still too early to draw any real conclusions at this time

Crypto.com Wallet & Card App

Crypto.com is the pioneering payments and cryptocurrency platform. Our wallet app allows you to buy, sell, send and track cryptocurrencies, such as bitcoin (BTC), ethereum (ETH), and Litecoin (LTC)….

The Crypto.com team is also quite pleased with their CISO Jason Lau being named Outstanding Financial Technology of the Year in the Data Privacy category. Winning an award is always a major milestone, especially when it comes to cryptocurrency and blockchain companies. It is evident having a strong team on board will help crypto projects advance over time, although there is still a long way to go prior to achieving mainstream traction.

 

source:nulltx.

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AT&T Teams With BitPay to Accept Bill Payments in Crypto

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AT&T’s Death Star logo may have really been a moon after all, with the telecom giant announcing Thursday that it will accept bill payments in the form of crypto by way of BitPay.

As it stands, the crypto option isn’t being extended to other AT&T services, such as buying phones or other devices, and as of yet BitPay won’t work in AT&T’s storefronts. That said, the company noted in a statement that its customers use cryptocurrency and that the new offering is intended to give them their preferable option.

“We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president at AT&T. “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”

An AT&T spokesperson told us

“BitPay provides payment processing services for merchants and is one of the largest bitcoin payment processors in the world. Our customers are on this platform and we are always looking for different ways to better serve our customers.”

It might be time for bitcoin whales break open those cold wallets and pay off their AT&T bills for the next twenty years

 

source:coindesk

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Game of Thrones Actor Jerome Flynn to Advise Vegan Crypto Project

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Jerome Flynn, the actor who plays “Bronn” in the hugely popular TV series Game of Thrones, has joined the advisory board of a vegan lifestyle project that has launched its own crypto token.

Called VeganNation, the Israel-based project is building what it describes as a “fully functioning ecosystem” that will support vegans via a platform enabling the exchange of products and services that are “100 percent cruelty-free.”

Flynn said in a press release provided to CoinDesk:

“Vegan Nation is the basis of an international vegan economy that makes vegan lives simpler, more economical, and better for the Earth and the soul of each of us. VeganCoin will allow many more to become vegans and thereby contribute to the reduction of our ecological footprint.”

As part of its planned decentralized “vegan economy,” VeganNation is launching a “traceable” digital currency called VeganCoin. The token went on pre-sale at the end of April, with 10 percent of proceeds to go to incentivize its ecosystem validators (or “rangers”) and community, according to the Vegan Nation “green paper.”

VeganNation ultimately aims to track the origin of foods or products on its platform and authenticate whether they are 100 percent vegan and cruelty-free. Services will also include a product marketplace, online social platform and an app for iOS and Android.

Flynn has been a vegetarian for the past 35 years and vegan for the last five. He is an animal rights activist who serves as patron of the Vegetarian Society in the U.K. alongside Paul and Stella McCartney.

Jerome Flynn image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

 

source:coindesk

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Weekly Crypto Market Update

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Market momentum

Over the past week, bitcoin’s price has rallied significantly above the $8k resistance against the US Dollar. The pair even surged above a new 2019 high approaching $8,360. Later, there was a sharp downside correction, but none of the spot exchanges were looking at much below $7k except Bitstamp which was getting driven hard by a $2k sell wall and dumped out to $6.1k, just enough to drive the average down and fill the CME gap at $6.2k. A fall of more than 25% was bought instantly and BTC is currently hovering around $8k resistance. The rest of the top-30 market performed quite significantly, with gains ranging from 10% up to 50% in some cases.

Figure 1. The performance and market capitalisation of top-30 cryptocurrencies (by MktCap)

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Crypto Market News

Amazon Files Proof-of-Work Patent Using Cryptography

Amazon has filed a US patent for a PoW system as a tool against DoS (denial of service) attacks which uses cryptography to generate Merkle trees, and which is used by other PoW chains such as Bitcoin to verify the content of large data structures.

CME’s Bitcoin Futures Record Daily Volume

CME Group, the world’s largest options and futures exchange declared its bitcoin futures product recorded a new all-time record of 33.7K contracts sold in one day — shattering the prior records of 22.5K  and 18.3K set on Apr 4th and Feb 19th, respectively. Considering each contract is equal to 5 bitcoins, the total notional value of 33.7K contracts equates to more than $1 billion in total value traded, and more than 168K worth of bitcoins.

Whole Foods Now Accepts Bitcoin

Amazon-owned retails Whole Foods now accepts Bitcoin and three other digital assets via its partnership with payments start-up Flexa and crypto exchange Gemini.

Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

Leading US crypto exchange Coinbase is reportedly in negotiations with Hong Kong-based BTC custodial firm Xapo ($5.5bn AUM) for potential acquisition worth $50m in cash. Speaking at Consensus 2019, Coinbase’s CEO Brian Armstrong has confirmed, that his firm Coinbase Custody (launched 1 year ago) now has $1bn in AUM, growing by $150m monthly.

Microsoft is Building ID Verification Platform on Bitcoin

Microsoft is leveraging blockchain technology to create a trustless digital identity scheme in a project called ION.  ION is an open-source, Layer 2 network built out of the public key infrastructure protocol Sidetree. The idea is that instead of logging into Facebook, email or any other application with a username, users can use a digital decentralized ID (DID) instead.

Grayscale Sees 40% Increase of Investment Inflow in Q1

The largest crypto asset manager ($1.2bn+ AUM), saw more than a 40% QoQ increase in product inflows, from $30.1 million in Q4 to $42.7 million in Q1, mostly fuelled by offshore hedge funds looking for BTC exposure. In contrast to the prior 12 months, 99% of inflows into Grayscale products went into its Bitcoin Trust, compared to 76% of inflows over the prior year.

ICO Market is Down 97% in Q1 2019

The ICO market has shrunk dramatically in terms of its size, where the whole market is down by around 97% in Q1 2019, with respect to the amount of capital raised.

BTC

 

SECURITY TOKEN NEWS

Blockstream Announces New Security Token Platform

Blockchain infrastructure firm Blockstream is launching its security token platform as a solution for businesses to issue security tokens on the Liquid Network, as current options such as Ethereum have many limitations. BnkToTheFuture, TokenSoft, Zenus Bank and Pixelmatic are all partnering on this project.

Securitize is Open Sourcing its Code

Security token infrastructure platform Securitize is partnering with tZero exchange to open-source their code. This partnership will also allow tZero to list tokens, issued by Securitize.

Harbor Partners with Rhodium

Token sales platform Harbor is partnering with Rhodium Capital Advisor to create a security token that represents ownership of a number of properties, hoping to provide affordable housing, according to a press release.

 

Regulatory news

SEC Deadline for VanEck Bitcoin ETF on Tuesday

Just a quick reminder to keep an eye on this, as the SEC’s final deadline on VanEck’s Bitcoin ETF proposal is approaching its deadline (21st May 2019).

Platforms Listing IEOs May Face Regulatory Trouble

According to the SEC advisor for digital assets, Valerie Szczepanik, platforms seeking to list initial exchange offering (IEO) tokens for a fee could find themselves in regulatory trouble. “If they are (platforms) not registered they will find themselves in trouble in the U.S., if they have a U.S. issuer or U.S. buyers, if they are operating on the U.S. market.”

New York Court Grants Bitfinex’s Motion to Modify Injunction

The New York Supreme Court has granted Bitfinex’s motion to modify the injunction obtained by the New York Attorney General.  The court’s order allows Bitfinex and Tether to continue their normal business activities. It also stipulates that the injunction will expire in 90 days.

Poloniex Fearing Regulatory Backlash Prevents Sale of Some Crypto Assets

US-based crypto exchange Poloniex announced that it will prevent US buyers from purchasing nine crypto assets. Poloniex said that the assets – ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP – are dangerously close to being securities under US law. Non-US buyers will still have access to the tokens.

 

source:fxstreet

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