Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability of up to 1 billion USDT worth of the exchange’s tokens, dubbed LEO, for purchase. The token described in the marketing document — which specifies that it is not a white paper — is…

Tron’s DAU Highs But Will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent Platform registers new dApp DAU highs Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents. Tron Price Analysis Fundamentals Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a…

Bitcoin (BTC) Inevitable Cool off, Billionaire Dismissive

Bitcoin (BTC) retests significant resistance Warren Buffet bashes Bitcoin for the second time After describing Bitcoin as Rat Poison Squared, Warren Buffet now says the asset is a gambling device. Even so, Bitcoin is retesting Q2 2018 lows and immediate resistance at $6,000, adding 6.3 percent in the last week. Bitcoin Price Analysis Fundamentals The Oracle of Omaha is back. Warren Buffet may be one of the wealthiest people in the world but he, like most billionaires including Bill Clinton, is dismissive of Bitcoin. Although Bitcoin is one of the…

5-Months of Ripple (XRP) 10 Cents Consolidation, Breakout Delayed

Ripple (XRP) prices flat Ria Money Transfer integrates with Ripple Days after SABB, Ria Money Transfer is the latest to join the RippleNet family. The service transfer approximately $40 billion per year. Meanwhile, Ripple (XRP) is under pressure and trending above 30 cents, down 1.9 percent in the last day. Ripple Price Analysis Fundamentals No doubt, Ripple—and it doesn’t matter the rate at which they are on-boarding clients, will be a crucial player in global remittance in the next ten years. What took SWIFT more than four decades to build,…

How Security Tokens Can Prevent an Impending Financial Crisis

Many economists argue that the root causes of the 2008 global financial crisis have yet to be addressed comprehensively, or that measures taken have been exhausted, such as the extent to which quantitative easing was used, which has been put forward by the deputy director of the International Monetary Fund (IMF). Some argue that the efforts to address the causes of the crisis have actually made the system more — rather than less — susceptible to a catastrophic collapse. On the heels of the recent yield curve inversion, finding new…

‘Gambling Device Bitcoin Hasn’t Produced Anything’

By CCN: Turns out 88-year-old Warren Buffett isn’t warming up to crypto after all. Speaking at what’s been dubbed the “Woodstock of Capitalism”, the billionaire investor told shareholders in Berkshire Hathaway how he really feels about bitcoin. His company’s annual shareholder event is being held in Omaha today, and he just couldn’t resist lamenting the digital currency that he just doesn’t understand. Buffett reportedly stated: “It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t…

Coinbase CTO Balaji Srinivasan Departs From the Firm

Chief technology officer at major United States-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure from the company on Twitter on May 3. In his tweet, Srinivasan said that he had enjoyed his time at the exchange and that he will now take time off “to get back in shape — and up to speed on everything happening” when he was busy working at Coinbase. In his career, Srinivasan also co-founded non-profit crypto research and advocacy agency Coin Center, bitcoin (BTC) earning platform Earn. He was CEO of Earn when…

‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale

New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. Released today on Twitter by known company shareholder and over-the-counter trader Zhao Dong, a 3-page “marketing document” details the specifics of how the sale might ultimately take place, while noting throughout that it is not intended to be legally binding. For example, the document…

Bitcoin (BTC) Price Dips Remain Attractive To Bulls

Bitcoin price surged above the $5,800 level and traded to a new 2019 high against the US Dollar. The price traded as high as $5,837 on Kraken and recently corrected below the $5,600 level. This week’s followed two bullish trend lines are intact with support near $5,500 and $5,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it is likely to bounce back above $5,650 in the near term. Bitcoin price surged above the $5,700 and $5,800 resistance levels.…

Mysterious Crypto Whale Unveils Meteoric Bitcoin Price Target

By CCN: A mysterious crypto whale set a meteoric Bitcoin price target, and he revealed it in an exclusive interview with CCN. The anonymous Bitcoin whale, known only by his crypto addresses, has accumulated a fortune of more than 7,000 BTC. The crypto holdings are worth $35 million USD at the time of writing, and they’re mostly held in this wallet. He let CCN in on some seasoned technical analysis insights that suggest the Bitcoin price is well on its way to eclipsing the $50,000 mark. Mystery Whale Caught the…