EY Blockchain Whiz Quits Crypto, Says Adoption Not in Bitcoin’s Forecast

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: The ruthless bitcoin bear market of 2018 has claimed numerous victims, including many crypto startups and executives. The latest is former EY blockchain leader Angus Champion de Crespigny,…

Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational…

Bitcoin Falls Under $5,300 Again as Top Altcoins See Losses

Sunday, April 21 — most of the top 20 cryptocurrencies are reporting slight to moderate losses on the day to press time. Bitcoin (BTC) has fallen below the $5,300 mark again, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin is down just under 1% on the day, trading at $5,291 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 3.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, Fundstrat Global Advisors founder Tom Lee pointed out that…

Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor

Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent. Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million. The system described in the patent appears to be a complex user behavior monitoring and management system. The system would aim to store data about electronically-observable user interactions and then use this data to identify known good, anomalous and…

Man Accused of Stealing Over $9 Million Worth of Dash Indicted in Israel

An indictment has been filed against Afek Zard in Israel over the alleged theft of 74.990.74 Dash (over $9 million) from his roommate, local media News1 reports on April 18. According to CoinMarketCap data, the amount of coins stolen is equivalent to over 0.85% of the total circulating supply of Dash. News1 states that the reported victim, Alexei Yaromenko, was reportedly an early cryptocurrency investor who has accumulated crypto assets since 2013. Yarmolenko reportedly taught Zard about cryptocurrencies and trading them himself before the theft allegedly took place. Per the…

Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress

The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15. During his recent stay in the United States, Larraín reportedly noted that the requirements introduced by the new regulation will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users and the financial market. Local media outlet Ahora Noticias reported that…

Current Bitcoin Misery Index Never Been Reported in Bear Market

Fundstrat Global Advisors founder Tom Lee pointed out that the value currently reported by his company’s bitcoin (BTC) sentiment indicator Bitcoin Misery Index (BMI) has never been seen in a bear market. Lee made his comments during an interview with Cointelegraph published on April 19. During the interview, Lee noted that through 2018, the BMI has not been over 50, while it now recently touched a value of 89. According to Lee, values over 67 have never taken place in a bear market. Lee concluded: “It means that a bull…

Japanese Cryptocurrency Exchange Zaif to Resume Activity Seven Months After Hack

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan reported on the developments on April 20. Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) were stolen from the exchange in a hack in September last year, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.8 million). With the acquisition, which is a part of the user compensation plan,…

Bitcoin Price Retesting Mean Levels Per Behavioral Finance

The previous bitcoin bubble has popped, and a new one is already forming, at least according to the Crypto Monk. The hugely-followed bitcoin and altcoin trader today compared bitcoin’s price performance to the classic lifecycle of a stock bubble. Just like its traditional counterparts, the bitcoin price bubble too had begun with a stealth phase, when the new money entered the market. It then penetrated the awareness phase, in which more investors started taking notice of bitcoin’s price rise. $BTC despair? pic.twitter.com/nXJPAdnpbJ — The Crypto Monk ⛩ (@TheCryptoMonk) April 15, 2019…