Bitcoin (BTC) Spikes But The Main Party is After $6,000

Bitcoin (BTC) table-topping, up 11 percent in the last week A bullish profile developing but buyers must clear $6,000 resistance A crypto analyst at Fundstrat is encouraging traders and investors to focus on the longer-term technical profile after today’s upswings. After closing above $5,600 minor resistance, Bitcoin (BTC) is up 5.4 percent in the last day as buyers aim at $6,000. Bitcoin Price Analysis Fundamentals After last week’s tepid market movement, Bitcoin (BTC) bulls are back. Visible from all coin trackers, it is a sea of green and Bitcoin, not…

Binance API Seemingly Reveals That Margin Trading Has Been Enabled for Nine Trading Pairs

Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. As Cointelegraph previously reported in March, the API had been updated to add two variables. The name of the first added variable is “isSpotTradingAllowed,” while the second is “isMarginTradingAllowed.” The self-explanatory variable names seemingly suggest that Binance is in the midst of implementing margin trading capability. A Reddit user pointed out on May 1 that the isMarginTradingAllowed flag — which was previously disabled…

Tokenized Securities Exchange Currency.com Launches to the Public

Belarus-based tokenized securities exchange Currency.com has announced it is launching to the public today after a spell in beta mode since January. The platform – which claims to be the world’s first such exchange – allows investors to directly trade and invest in tokenized financial instruments, with payment being made directly in bitcoin (BTC) or ethereum (ETH). Currency.com has also launched an app for both iOS and Android allowing users to access the exchange on the go. Other features added for the launch include 50 percent margin close outs and selling…

German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site

German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3. The Wall Street Market, reportedly the world’s second-largest dark web market, has been shut down by the German Federal Criminal Police under the authority of the German Public Prosecutor’s office. According to the report, German authorities arrested three suspects and seized over 550,000 euros ($615,000) in cash  along with bitcoin (BTC) and monero (XMR) in six figure amounts (actual value unspecified)…

Litecoin Jumps 161% YTD and Crosses $80 on a Harry Potter Spell

Litecoin, once the bitcoin’s closest rival, has beaten almost all the top crypto assets in terms of year-to-date (YTD) performance. The LTC/USD instrument has printed a 164.14 percent adjustable gains in 2019, bringing its total rebound to a total of 256 percent. Compared to other top dollar-based cryptocurrency instruments, Litecoin is only behind Binance Coin’s BNB token and Tezos’s XTZ, whose YTD performances are 292.43 percent and 177 percent, respectively. At the same time, bitcoin’s YTD performance sits at 54.80 percent. The May 3 bitcoin price rally has further improvised…

Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

By CCN.com: Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again. When Sluymer says, you listen Fundstrat technical strategist Robert Sluymer, who had made the negative call in mid-November last year, believes that bitcoin is all set for a rally in the second half of the year as he sees bullish long-term technical trends developing. He tells clients…

68% of Global Millionaires Already Invested or Plan to Invest in Crypto by 2022: Survey

68% of global high-net-worth individuals have already invested or are planning to invest in crypto by the end of 2022, according to a survey by Dubai-based financial consultancy firm deVere Group released on May 3. DeVere group has more than $10 billion in assets under advice, with more than 80,000 clients located in more than 100 countries. More than two-thirds of global individuals whose assets’ value is equivalent or greater than 1 million British pounds (GBP) or $1.3 million, will be invested in cryptocurrencies such as bitcoin (BTC), ether (ETH),…

Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph previously reported, Setl filed for insolvency on March 7 with U.K. authorities. Per the March announcement, the company also appointed business advisory firm Quantuma as their independent administrator. The announcement also pointed out that the company was “seeking to place…

Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer

One of the United Kingdom’s most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed. Addressing the University of Liverpool School of Law and the Northern Chancery Bar Association, Sir Geoffery Vos, Chancellor of the High Court, dedicated time to exploring necessary changes in order for smart contracts and crypto assets to become widespread. “My starting point is to ask why smart contracts have taken so long to become ubiquitous,” he began. Vos continued: “We have been…

Qtum Confirms Google Cloud Features Rollout to Improve User Accessibility

Decentralized blockchain platform Qtum is working with Google Cloud as a software partner to increase the ease of launching native products for users, the company confirmed in a blog post on May 2. Qtum, which like the Ethereum (ETH) platform focuses on smart contracts and decentralized applications (DApps), has already released a suite of developer tools on Google Cloud, which executives hope will further uptake. “Google Cloud is the perfect partner to help us make the blockchain ecosystem simpler and more intuitive. Where launching a node was once an intensive…