U.S. Launches Criminal Probe into Bitcoin Price Manipulation – Bloomberg

The Justice Department has opened a criminal probe into whether tradersare manipulating the price of Bitcoin and other digital currencies,dramatically ratcheting up U.S. scrutiny of red-hot markets that criticssay are rife with misconduct, according to four people familiar with the matter.

Read More

Blockchain startups join forces to disrupt global ecommerce

Nuggets CEO and founder, Alastair Johnson, said: “We are delighted to announce a collaborative partnership with Storiqa. It’s a great business with the same mission as us – to make e-commerce work better for retailers and customers alike.Our technologies complement each other perfectly, and we look forward to working together.”

Storiqa’s multi-currency wallet allows fast and safe transactions in both its own STQ tokens, other major crypto currencies, and in traditional currencies. Payments are dramatically accelerated (often from months to minutes), and transaction fees minimised. Its self-sustaining STQ token economy provides higher cash-back to buyers, while sellers get access to preferential platform features.


Learn details of the Global blockchain technology market projected to grow at a CAGR of 42.8 % from 2018 to 2022 – WhaTech

The Global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022. Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. The Blockchain Technology market is further classified into three main types based on its user’s accessibilities Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.


Five Cryptocurrency Career Opportunities in 2018

  Looking out for cryptocurrency jobs? Cryptocurrency and blockchain skills are in huge demand in 2018, in initial coin offerings and established cryptocurrencies — or for blockchain applications in non-crypto enterprises. Just ten years after the advent of Bitcoin, opportunities…


Messenger chief leaving role to explore blockchain tech for Facebook

After four years at the helm of Messenger, David Marcus will be leaving the team to lead a small group of Facebook employees to explore what blockchain technologies can do for the social media giant.

In a post on Facebook, Marcus noted that he would be “starting from scratch” in these efforts surrounding blockchain tech. His departure from Messenger comes alongside a major organizational restructuring up top at Facebook that saw the roles shift of many key executives at Facebook.

Marcus is notably on the board of directors at the cryptocurrency exchange Coinbase, so this won’t be his first foray into blockchain. Marcus will be joined by Instagram’s Kevin Weil in this new endeavor, Recode reports.


NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto Exchange

On May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market. At the time, Goldman Sachs executive Rana Yared stated that despite the personal skepticisms of the bank’s executives, Goldman Sachs decided to operate a bitcoin trading desk to facilitate growing demand from its clients and investors.

On May 8, less than a week after the plans of Goldman Sachs to operate a bitcoin futures market were revealed to the public, NYTimes reported that several emails and documents reviewed by the NYTimes team showed the parent company of NYSE has been developing an online bitcoin trading platform.

“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,” the New York Times reported.


Current BCN pump is a sophisticated pump and dump. : CryptoCurrency

Just want to shine some light on what’s happening with Bytecoin (BCN), as it is one of the more sophisticated pump and dumps.

So let me first briefly tell you what happened. Earlier today BCN was trading at around 72 satoshi on both HitBTC and Poloniex, quickly increasing 30% when the news of the Binance listing came along. It opened on Binance at around 300 satoshi and over the past few hours the price has risen to 2320 satoshi on Binance, whereas the current price on HitBTC and Poloniex is at 190 satoshi. To put this into perspective, the circulating supply of BCN is 183,878,867,869 (taken from CMC), whereas the current price on Binance is 0.22$. This puts BCN on a market cap of 40 billion $; right on the third position, between Ethereum and Ripple.

I’ve been following it closely and found that withdrawals from HitBTC and Poloniex were not working nor was the BCN webwallet. When checking their blockchain explorer we find that no new blocks have been mined for the past 2 hours. The trading on BCN started at 06:02 UTC and since that time only 46 blocks have been mined, containing a total of 997 transactions. The number of transactions that went through seems very small for a coin that just went up over 32x in a few hours.


Bitcoin Sees Wall Street Warm to Trading Virtual Currency – The New York Times