UTC-05:00,Monday , May 27th 2019
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Today ,Monday,May 27, 2019
  • 03:17 Israel's Intelligence Agency Mossad Looks To Invest In Blockchain Startups

    Israel's intelligence agency Mossad is moving deeper into venture capital. The agency has launched a new website for its venture arm Libertad – a name derived from Latin that means freedom.
    According to the website, Libertad is interested in investing in early-stage companies in Fintech, Blockchain, AI and more.
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  • 02:51 Analysis: BTC Bulls Get Ready For A Breakthrough Above $9000

    Bitcoin (BTC) extended Sunday (May 26) gains in Asia and stopped within a whisker of critical $9,000. Strong bullish sentiments dominate the market, however, BTC/USD is vulnerable to the short-term bearish correction from oversold territory. The short-term correction may take the price towards $8,300.
    Click 'Read More' for the detailed analysis.
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  • 02:47 Bitcoin Bulls Will Fizzle Out Of The FOMO Rise; Correction Imminent, Claims Peter Brandt

    Peter Brandt, the veteran trader, is not among those buoyed by the BTC bulls. The recent climb, which has Bitcoin trading over $8,700 at press time, was referred to as the "FOMO phase of the advance," by the trader.
    He added that the "sold-out crypto bull" will "capitulate," stating that it was a matter of "when," and not if. While many expect Bitcoin to break several imminent resistance levels, Brandt believes that the surge will cause a "sizable correction." This correction will halt the bulls dead in their advance, preventing them from advancing further, stated Brandt.
    The old-school trader's full tweet read, "This is the FOMO phase of the advance. Once the majority of sold-out crypto bulls capitulate and chase this rally a more sizable correction will likely occur, stopping out the same bulls, who are chasing this advance."
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  • 02:46 Bit-Z To List RT

    According to the official release, Bit-Z will enable the deposit of RT at 07:00 on May 27 (UTC), and open the trading for RT/USDT, RT/BTC, and RT/ETH trading pairs at 07:00 on May 28. The withdrawal of RT will be launched at 07:00 on May 29.
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  • 02:26 China Needs To Increase Investment In Blockchain, Says MIIT Director XIE Shaofeng

    It is of great importance to increase investment in advanced technologies, such as 5G, artificial intelligence, and blockchain, to further develop the industrial Internet, said XIE Shaofeng, head of the Information and Software Service Sector of China’s Ministry of Industry and Information Technology.
    XIE made his remark in a speech during the Big Data Expo held in the country. According to him, China’s industrial Internet and smart plus have entered an era of broad adoption and a bright future is foreseeable.
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  • 02:05 BTT Mentioned 105 Times On Twitter Last Hour, The Price Up By Over 30%

    As observed by CoinNess.com, statistics by CoinTrendz.com show BTT was mentioned 105 times on Twitter in the last hour, holding the second position. The price of BTT sees an increase of 34.23% in a 24h period on Binance, marking 0.00159 USDT.
    The top 10 mentions of cryptocurrencies on Twitter in the last hour are as follows: BTC (162 mentions), BTT (105), ETH (52), LTC (52), XRP (46), BCH (36), TRX (35), LINK (28), EOS (27), and XLM (26).
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    Twitter
  • 01:50 HitBTC Clarifies Current Situation: No Irregularities In Platform’s Performance Or Balance Sheet

    Crypto exchange HitBTC has been troubled by rumors that it is insolvent as users are facing withdrawal problems and there are only around $3 million left in the exchange’s BTC and ETH wallets.
    HitBTC insisted that “rumors and unfounded allegations are mostly spread by non‑professionals or being paid for” and that their custody has never lost user assets. “There are no irregularities in platform’s performance or balance sheet,” Joan Gald, a board member of the exchange, stressed, adding that it could be a matter of public communication and public relationship which they are currently improving on.
    The exchange made responses to multiple issues reported by crypto media since January this year.
    In the case of “freezing customers’ accounts ahead of the proof of keys event” in January 2019, the exchange argued that the author who wrote about it failed to track the deposit or withdrawal dynamics that did not uncover any irregularities.
    Regarding the most recent hearsay that “HitBTC is insolvent,” the exchange countered that all quoted AML cases in such articles were resolved within a maximum of 33 days, and “a subset of hot wallets’ balances are not representative of exchange’s total assets.”
    Another issue addressed by the exchange is the removal of various assets from time to time. Citing previous examples such as cases of MXM, MORPH, and BNT, the exchange said hacks, security breaches, and critical contract bugs were solely on the side of the token or coin issuer, albeit a few other cases of insufficient review did occur, for example, the John McAfee and MTC case, where McAfee made “significant efforts to create a toxic atmosphere around HitBTC.” Last but not least, when a coin’s core team negatively affects the exchange’s customers, referring to the BTCP case, HitBTC will delist the coin in question relentlessly.
    If there is indeed nothing to do with the exchange’s technology, it might be because of their philosophy of doing business, remaining silence and without any effective communication with the outer world.
    Click ‘Read More’ to learn more about the sagas related to HitBTC and the exchange’s rebuttals.
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  • 01:45 Japan's Foreign Minister: North Korea Is Evading Economic Sanctions By Stealing Cryptocurrencies And Other Means

    Speaking in shimada, shizuoka prefecture, on May 25th, Taro Kono, Japan's foreign minister, stated that economic sanctions can be lifted if North Korea abandons nuclear and missile development. And he would urge Kim Jong-un to make the right decision.
    "If the right decisions are made, economic sanctions will be resolved, and foreign capital and investment will come in. They all depend on Kim Jong-un's choice." the prime minister said. Also, he mentioned that North Korea is evading sanctions by smuggling goods by sea, sending workers abroad to bring back foreign currencies and using cyber attacks to steal cryptocurrencies. Economic sanctions do not work because of these loopholes, which should be solved to force Kim Jong-un to make a decision.
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  • 01:26 Canada OSC Alerts Public To Overseas Broker Seeking Investment

    Ontario Securities Commission (OSC), one of the thirteen provincial financial regulators in Canada, has added United Financial Commodity Group (UFCG) to its list of companies not to do business with, according to a regulatory statement.
    UFCG is the latest entity to be added to the OSC warning list and follows a growing number of recent complaints regarding forex and binary options firms.
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  • 00:48 Cryptopia’s Lack Of A Backup Database Can Cost It Another $2 Million

    The hacked exchange, Cryptopia, doesn’t seem to have any proper backup of its accounting database. According to a report by The Merkle, that information is managed by a third-party service provider in Arizona. At present, the Arizona company is terminating its services with the exchange and wants $2 million in compensation. If the company is not paid accordingly, there is a genuine chance all of the necessary data will be lost forever. After all, the third-party is not responsible for maintaining this information if they are not compensated.
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  • 00:40 Scale Of China’s Central Bank-Backed Trade And Finance Blockchain Platform Exceeds $580M

    DI Gang, the deputy director of the Digital Currency Institute of the People's Bank of China, revealed in a recent meeting in Guiyang, China that the central bank’s trade and finance blockchain platform has developed four applications, connected with 26 banks, handled more than 17,000 deals, and reached a scale of over $580 million with multiple patents since last September when the pilot project of this blockchain platform was first initiated.
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Yesterday ,Sunday,May 26, 2019
  • 23:51 Shinhan Bank Introduces Qualification Verification System Based On Blockchain Technology

    South Korea's Shinhan Bank announces today (May 27) it has introduced a system that uses blockchain technology to verify documents needed for non-face-to-face loan business.
    The system adopts blockchain technology to log in and query one-time password (OTP), enabling customers to easily confirm the qualification certification and other evidence of their organizations through mobile phones or computers.
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  • 23:29 FXStreet Analysis: BTC Witnesses Pullback From A Year's High, $8400 Back In The Spotlight

    $8,400 support-turned-resistance regains market attention amid overbought levels of 14-day relative strength index (RSI), a break of which could please sellers with 10-day long ascending trend-line near $8,000 round-figure. Alternatively, an upside clearance of recent high might not refrain from crossing $9,000 psychological magnet whereas $9,180, $8,500 and May 2018 top around $9,950 could flash on the bulls' radar.
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  • 23:22 Bitcoin Trading Volume Fell Across Countries With High Inflation, Down By Nearly 50% In Turkey

    Citing data from Coindance, as of May 25, Bitcoin trading volume was down across the country with high inflation.
    Compared with the previous week, the trading volume of Bitcoin was down by 10% in Venezuela, 6% in Argentina, and 47% in Turkey.
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  • 23:18 Crypto Market Sentiment On May 27: The 'Greedy' Sentiment Increases

    Citing statistics from alternative.me, the Fear & Greed Index currently reads 70, three units more than yesterday, indicating the 'greedy' sentiment increases in the crypto market.
    As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed."
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  • 23:05 Bloomberg: Bitcoin Climbs To Highest In A Year Amid Cryptocurrency Comeback

    Bitcoin soared to the highest level in a year, extending a run that's seen prices more than double since March. The largest cryptocurrency climbed as much as 10% Monday (May 27) from levels late Friday (May 24), and was trading at $8,847 as of 10:25 in Tokyo. Crypto proponents are taking encouragement from a string of recent headlines showing greater interest in the space from mainstream firms. Fidelity Investments is finalizing plans to buy and sell the digital asset for institutional customers, and E*Trade Financial Corp. is poised to allow crypto trading. AT&T Inc. said it will permit customers to use payment processor BitPay to settle their online bills.
    "It takes two to tango. The more merchants that accept crypto encourages more people to adopt it and use it," said David Tawil, president of crypto hedge fund ProChain Capital. "That's major."
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  • 22:42 Value Of B1 Is Up By 50% Now, Says Lead EOS Developer Daniel Larimer

    Daniel Larimer, a lead EOS developer, said in a Telegram group that there was no ICO nor any forms of fundraising. B1 was merely sold as a product at the market price, and its value has been up by 50% by now.
    Larimer’s words are a reply to a community member’s claim that Block.one, the company behind EOS, should explain why it holds BTC rather than cash or government bonds as all of the funds raised through the ICO should not be used to manipulate the EOS market or invest in BTC but be put into the EOS.IO ecosystem.
    In a previous report by CoinNess.com, Larimer responded to questions regarding their holding of 140k Bitcoins. He spoke in a bantering tone, "Do you keep all your funds in a bank?" The lead EOS developer also added that they had already maxed out their EOS exposure and kept their non-EOS treasury in a blended portfolio of crypto and fiat.
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  • 22:41 Former CTO Of Coinbase: No Crypto Can Compete With Bitcoin

    Balaji S. Srinivasan, founder of Earn.com and former CTO of Coinbase, says today (May 27) via Twitter, " I don't think any crypto can compete with Bitcoin. I do think that public blockchains can help break the power of the new internet monopolies via peaceful, market-based, and above all effective means."
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    Twitter
  • 22:38 Joseph Young: It's A Difficult Time To Be A Bitcoin Bear

    Writing on Twitter, crypto analyst Joseph Young commented on the striking uptrend in the crypto market. "It's a difficult time to be a bitcoin bear... The momentum is unbelievable. Every time a retrace is seemingly likely, the market bounces and demonstrates strength. Astonishing to see bitcoin at $8.6k+ again," his tweet reads.
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    Twitter
  • 22:33 Anthony Pompliano: Investing In Silicon Valley Unicorns Is Much More Risky Than Investing In BTC

    Anthony Pompliano, founder of Morgan Creek Digital, stated on Twitter an hour ago, "Investing in Silicon Valley unicorns at these inflated revenue multiples and in an overvalued market is much, much more risky than investing in Bitcoin."
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    Twitter
  • 22:24 USDT Premium Rate Decreased To 0.9%

    Monitored by CoinNess.com, the current exchange rate of the US dollar against the Chinese yuan is 6.89; the lowest buying price of USDT on Huobi OTC is 6.95 yuan. The USDT premium rate has decreased to 0.9% while remaining positive.
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  • 22:21 Yahoo (Japan) Subsidiary Exchange TaoTao To Go Live On May 30

    TaoTao, a wholly-owned subsidiary of Yahoo Group in Japan, will open cryptocurrency trading services at 03:00 (UTC) on May 30, Crypto Watch reported.
    Upon the official launch of TaoTao, spot trading services for BTC and ETH and margin trading services for BTC, ETH, XRP, LTC, and BCH will be enabled.
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  • 22:15 CoinNess.com Market Surveillance May 27: BTC Jumped To $8800 Before Edging Down

    As of 03:00 (UTC) on May 27, the global index of Bitcoin (BTC) price has risen to a new recent high above $8,800 and is currently fluctuating around the $8,700 level, marking $8,709.59 with an increase of 8.51% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out a selling signal, three showing a neutral signal, and 13 indicating a buying signal.
    Bulls dominate the broad market with 78 out of Top 100 cryptos by market cap rising.
    The global market cap reads $268.79 billion, and the 24-hour trading volume is $87.06 billion.
    Major Coins
    1. BTC quotes show 8,678.68 USDT on Binance, $8,805.00 on Bitfinex and $8,788.02 on Coinbase Pro;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $267.24 (+6.59%); XRP marks $0.408 (+6.09%); BCH marks $431.71 (+6.94%); LTC marks $111.78 (+9.27%); EOS marks $6.90 (+8.25%); ETC marks $7.65 (+6.13%).
    Top 3 Gainers and Top 3 Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: MXM (+43.28%), MCO (+24.55%), and BTT (+20.14%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: AOA (-34.77%), TFUEL (-18.79%), and ORBS (-7.19%).
    Top Gainers and Losers in Categories
    1. Top 3 gainers among 24 categories: Smart Economy (+15.06%), Content Copyright (+11.67%), and DApp Platform (+10.06%);
    2. Only 2 losers among 24 categories: Social Communication (-0.50%), Artificial Intelligence (-0.38%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: DASH (+$160.28 mln), ETH (+$134.63 mln), and BTC (+$72.23 mln);
    2. Top 3 capital outflows within the last 24 hours: BNB (-$49.36 mln), LTC (-$40.91 mln), and ONT (-$13.64 mln);
    3. Net inflows/outflows of exchanges: Binance (+$13.37 mln), Bitfinex (+$30.61 mln), and Coinbase Pro (+$33.57 mln).
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  • 21:58 DGroup Founder ZHAO Dong: No Noticeable Amount Of Money Flowing Into BTC Market Yet

    BTC has seen a significant increase in the past 24 hours with its average global price breaking the $8,800 mark. However, as DGroup founder ZHAO Dong observed, there hasn’t been any noticeable amount of money flowing into the BTC market yet. Previously, Tether issued an additional amount of USDT, worth $1 billion, which was a clear signal that the BTC price could spike in a short term starting from $4,000, and finally it went straight up to $8,000, added ZHAO.
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  • 21:20 SEC's Harsh Crypto Regulations Would Drive Innovation Away From The US To Asia, Says Fred Wilson

    Circle-acquired Poloniex, one of the leading cryptocurrency exchanges in the world, announced the geofencing of nine assets on its platform recently. The reason revealed by them was the uncertain regulatory climate in the US, leading them to take a cautionary step fearing the Securities and Exchange Commission's [SEC] retribution. Fred Wilson, the co-founder of Union Square Ventures, had recently voiced his opinion that the regulatory body's ruling to delist coins in the US crypto exchanges was very damaging. He believed that hostile policies would eventually drive away innovation from Silicon Valley, which is the "global epicenter of tech" to Asian countries.
    He tweeted, "In 5-10 years when we look back and consider why the next big tech sector centered itself in Asia and not in the US, it will be the SEC's unwillingness to create new rules to regulate new assets that will be the cause."
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  • 21:01 Crypto Lark Applauds CoinGecko's Latest Rollout 'Trust Score' To Keep Tabs On Fake Volumes

    In a fresh take on fighting cryptocurrency fake volumes, The Crypto Lark, New Zealand-based crypto personality, spoke with Bobby Ong, the co-founder of CoinGecko, a cryptocurrency ranking website. The cryptocurrency market data aggregator recently launched a "trust score" to provide a fairer picture of the market. Talking about the new rollout's use case and touching upon the controversial subject of fake volumes by crypto exchanges, Bobby Ong stated, "The 24-hours the reported volume of exchanges in the crypto space longer a good measure of exchanges liquidity. So in a traditional market volume from exchanges is a good indicator of how liquid exchanges are. So higher volume will indicate that the exchange actually has high liquidity and low volume indicate actually lower liquidity in the crypto market."
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