Consensus 2018 Updates | Blockchain Hype, Falling Prices, Another Heist; It’s Not All Positive

Consensus 2018 Updates: The Consensus summit is an industry event famed for creating excitement and price hikes in the cryptosphere. However, while there was much positive news to write home about, the Consensus also shed light on some not-so-encouraging opinions and facts. Here are some areas of concern to take away with you from this years summit… Prices Fell Bitcoin price fell again on Tuesday – right in the middle of the summit. This could be attributed to the differing opinions from highly respected figures, which were on display at…

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Federal Reserve President Predicts Complete Crash

The cryptocurrency market hasn’t gained momentum despite several underlying developments in the last two months. Bitcoin and the rest of the virtual currencies lost the majority of gains that they achieved at the beginning of the month, pulling out almost $90 billion from the total cryptocurrency market capitalization in the last two weeks. Although the New York consensus conference couldn’t help bulls create a substantial rally, St. Louis Federal Reserve President James Bullard’s remarks have raised several questions over the future of cryptocurrency markets. Source Image: coinmarketcap.com The cryptocurrency market pulled back…

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Consensus 2018 Highlights | Find Out What You Missed in NYC This Week

Consensus 2018 has come to an end. Instead of feeling upset, now is the time to reflect on all the news that various organizations announced. So, without further adieu, here are some Consensus 2018 highlights. Consensus 2018 Highlights Regulation at Consensus 2018 Regulation and the crypto industry go hand in hand. Therefore, it wasn’t a surprise that crypto regulation was discussed at Consensus 2018 and NYC Blockchain Week. During a panel, it was announced that while United States regulators are continuing to look into virtual currencies and ICO’s, there is…

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Microsoft’s Bing Bans Crypto Advertising

Bing Bans Crypto Advertising: Microsoft’s Bing browser has banned crypto-advertising. Microsoft now joins the ranks of several other companies that have done the same, including Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) and Twitter (NYSE:TWTR). All three companies implemented their bans on cryptocurrency advertising earlier this year and have said in some form or other, that the decision will ensure the safety of their users from deceptive advertising. The ban includes cryptocurrency advertising and advertising for cryptocurrency related products and will be updating its financial products and services policy to include this new decision.…

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Circle App Raises $110 million & Introduces its Own Crypto-Dollar at Consensus 2018

Circle App – Boston-based fintech company Circle, has its sights on making a faster and better digital version of the U.S. dollar. The start-up company announced its new digital token that would be pegged to the US dollar yesterday at Consensus 2018. Circle founders @psneville and @jerallaire took the stage at #Consensus2018 earlier today to announce Circle USDC, a price-stable tokenized US dollar coin. Learn more about it here: https://t.co/8fZN6vDryb — Circle (@circlepay) May 15, 2018 Circle also announced that it raised $100 million in their Series E round which…

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Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low

Bitcoin’s (BTC) bears have unraveled the minor rally in prices since Saturday and are now looking to pull the cryptocurrency below the $8,000 mark, the technical charts indicate. The bears’ comeback comes after bitcoin saw minor gains after the May 12 low of $8,204, but the bulls repeatedly failed to cut through the key falling trendline hurdle. As a result, bitcoin fell to a 3.5-week low of $8,100 on Bitfinex earlier today. As of writing, BTC is changing hands at $8,366 – down 4.7 percent in 24 hours. Daily chart The…

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NY Consensus Conference Day 1

NY Consensus Conference Day 1: Blockchain Week has begun with great enthusiasm for both technology enthusiasts and businesspeople around the world. Expectations have been met, and even exceeded in some cases. One of the main events of this week that seeks to raise awareness about the blockchain world and the benefits it represents for the community is the NY Consensus Conference. An event organized by Coindesk that has earned a reputation as the most significant festival dedicated to blockchain technologies around the world. According to CNBC figures, the event registered…

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IBM and Stellar Join Forces

The IBM made waves in the crypto market today. To top it off, the International Business Machines Corp. took Stellar along with it for the ride. IBM and Stellar have teamed up, with IBM issuing a token using a public blockchain.  IBM and Stellar This is IBM’s first time issuing a token using a public blockchain. Which blockchain, you ask? The Stellar blockchain, of course! IBM and Stellar have also been working alongside Veridium, a carbon credits startup, to develop the token. The crypto token’s name is “Verde.” At Consensus…

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Consensus Summit NYC | Will It Create a Bull Run For Bitcoin Price?

The three day New York cryptocurrency conference kicked off on Monday. The Consensus Summit NYC see’s leading industry experts such as Twitter’s CEO Jack Dorsey, the Federal Reserve Bank of St. Louis President James Bullard and FedEx CEO Frederick Smith, talk about the emerging market and upcoming breakthroughs in the blockchain and crypto sphere.    The size of the conference has grown three times larger since last years, this alone is a positive signal regarding the utilization and growing potential of cryptocurrency. Almost 8,500 market experts and traders are attending…

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Bitcoin Price Eyes Breakout As Trading Range Tightens

Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837. The sell-off from the May 5 high of $9,990 came to halt…

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