Trending Crypto News | Find Out What Went on This Week

The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!  Trending Crypto News | May 14 – May 18  Monday  Coins on the crypto markets started Monday both in the green and the red. While Ripple (XRP) found itself up during the day, Cardano (ADA) found itself down.  Monday was the first main day of Consensus 2018, and it was there Ripple (XRP) announced its brand new initiative, deemed the Xpring…

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Binance Coin Price Rallies 21% after Exchange Doubles Referral Bonus

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Binance Coin price (BNB) experienced a double-digit percentage rally on Friday after its issuer — cryptocurrency exchange giant Binance — announced that it was doubling the referral bonus for users holding a large number of BNB. BNB Price Makes Double-Digit Rally Despite Bearish Market BNB spent most of the previous day trading between $12.25 and $13.00, but at approximately 10:15 UTC the Binance Coin price began to spike. By 12:30 UTC it had reached as…

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JP Morgan Appoints New Director of Crypto Assets Strategy

According to a Business Insider report on May 17th, JPMorgan Chase, the leading US banking group and financial services company, recently created and filled a new position— the head of Crypto Assets Strategy. Crypto Assets Strategy Oliver Harris, 29, will assume this new role and report to Umar Farooq – head of blockchain development. Harris will also lead JPMorgan’s internal blockchain project, Quorum, which was tested by JPMorgan Chase and the National Bank of Canada since last month. According to the Business Insider report, Harris will identify and lead new encryption projects…

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Early Bitcoin Investor Reveals Which Cryptocurrencies He Would HODL Or FODL | CNBC

Ran Neu Ner, ONchain Capital Founder, discusses regulation and the impact it could have on cryptocurrencies. Should investors buy in here? » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…

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Bitcoin Hits One-Month Low As $10K Sell-Off Resumes

Bitcoin’s (BTC) drop to one-month lows below $8,000 has strengthened the bear grip on the markets, the technical charts indicate. The cryptocurrency fell to $7,925 on Bitfinex earlier today – the lowest level since April 18 and has retraced 50 percent of the rally from the April 1 low of $6,425 to May 5 high of $9,990. As of writing, BTC is changing hands at $8,120, representing a 2 percent drop in the last 24 hours. The recovery from the low of $7,925 could be associated with the oversold conditions…

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Alibaba’s Jack Ma Joins the Bitcoin Bashing Brigade but Backs Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain. Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report. In the past, he has said he does not understand bitcoin but had not previously gone as far as calling it a bubble.   Like many other bitcoin bashers, Ma remains positive regarding…

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Cryptocurrency Market Drops $42 Billion in Three Days, Most Tokens Struggle

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has dropped by more than $42 billion in the last three days, from $412 billion to $370 billion. The daily trading volume of the market also declined by around $3 billion, from $22 billion to $19 billion. Poor Conditions Earlier today, on May 18, the bitcoin price dipped below the $8,000 mark, entering the $7,000 region for the first time since mid-April. Traders that expected the Blockchain Week in New York and the…

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Israel’s Public Stock Exchange Unveils Blockchain Securities Lending Platform

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Tel Aviv Stock Exchange (TASE) has announced the development of a blockchain-powered securities lending platform that the bourse operator believes will enable direct lending among all major financial instruments in the country. Calling it ‘one of the first projects of its kind in the world’, the TASE says its new ‘Blockchain Securities Lending (BSL)’ project will fundamentally transform the domestic market by harnessing several of blockchain technology’s core facets including direct peer-to-peer transactions, smart contracts…

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Bitcoin Price Watch: BTC/USD at Risk of Further Declines

Key Points Bitcoin price declined and broke a key support level at $8,200 against the US Dollar. There was a break below a triangle pattern with support at $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points in the short term, but it could face resistance near $8,150 and $8,250. Bitcoin price tumbled below key supports against the US Dollar. BTC/USD is currently consolidating near $8,000 and it is at risk of more losses. Bitcoin Price Analysis There was…

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Cardano Price Analysis: ADA/USD’s Upsides Remain Capped

Key Highlights ADA price declined recently and broke the $0.2400 support level against the US Dollar (tethered). There is a key bearish trend line in place with resistance at $0.2450 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently correcting higher, but upsides are likely to be capped by $0.2450 and $0.2500. Cardano price is currently under pressure against the US Dollar and Bitcoin. ADA/USD may correct higher, but it will most likely face hurdles around $0.2500. Cardano Price Analysis There was no…

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