Facebook Onboards Two Former Coinbase Compliance Experts

Here is the latest Cryptocurrency news, social media giant Facebook has hired 2 new compliance experts. Both the experts are ex-employees of the Cryptocurrency exchange Coinbase. Mikheil Moucharrafie worked with Coinbase for almost 4 years before joining Facebook as a compliance officer. At Coinbase, Moucharrafie switched various designations starting from support analyst, quality assurance tester, compliance manager, anti-money laundering (AML) investigator/bank secrecy investigator to risk manager. Another expert, Jeff Cartwright worked for nearly 5 years with Coinbase as a compliance manager, head of internal audit, and director of regulatory risk and exams. As Cointelegraph officially announced, Facebook has been on a consistent mission of hiring PayPal staff or people who have had prior experience of working with the Cryptocurrency industry and dedicated Blockchain staff. Apparently, Facebook has new openings in its Blockchain department.

US SEC Delays Decision on Bitwise Bitcoin ETF

Here we go now, the US Securities and Exchange Commission (SEC) delays the decision over yet another Bitcoin (BTC) exchange-traded fund (ETF), this time around the Cryptocurrency index fund provider Bitwise Asset Management’s Bitcoin (BTC) exchange-traded fund (ETF) is facing a delay. On 14th May a filing published revealed by the SEC. The SEC elaborates in the filling about the delay and requested for a public comment from interested parties.

 The Commission thus asks interested persons to “provide written submissions of their views, data, and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal.”
The filing notes that unreliable Crypto trading volumes fuel an inefficient view of the marketplace.

 “Having a regulated bank or trust company hold physical assets of a fund has been the standard under U.S. fund regulation for the last 80 years, and we believe that is now possible with Bitcoin.”

This marks yet another delay by the SEC which has yet to approve any Bitcoin ETFs. Initially submitted in January of 2019, the Bitwise ETF would have become, if approved, the first regulated crypto ETF by the SEC. As per today’s filing, the public comment period will last three weeks after the most recent amendments to the Bitwise ETF application are published in the Federal Register, followed by two weeks for responses.

The year before, SEC commissioner Hester Peirce who is also dubbed as “Crypto Mom” by the community for her dissent with the SEC’s decision to reject a Bitcoin ETF proposed by Cameron and Tyler Winklevoss, said that a Cryptocurrency or Bitcoin ETF is “definitely possible,” but it could be years away.

 

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Miners! HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different Cryptocurrencies. HitBTC delivers to its users a reliable, powerful and fast platform solution for crypto. We are happy to declare that HitBTC will be the first major exchange to list the MG Token… Support from HitBTC is an important step towards developing the MinerGate loyalty tool. As a new way of cooperation between users and the product, the token was created by MinerGate’s team. The most active clients received a few token of gratitude for their feedback and contribution to the project. Along with being a community endorsement to participate in the whole project’s growth, the MG Token is designed to be the fuel for the entire MinerGate ecosystem in the future. Claude Lecomte, CEO and, founder of MinerGate, points out that the whole team is excited for the MinerGate token is being listed on such an important exchange as HitBTC. Therefore, the whole team is decided to develop and strengthen all parts of the current and future MinerGate ecosystem.

Fundstrat Analyst Advises Buy Bitcoin Before Next Bull Run in H2 2019

Fundstrat analyst Robert Sluymer advises that the Bitcoin price may pull back soon, so all the investors should now take advantage of the weakness of Bitcoin. The most important Cryptocurrency has recently risen to its highest level since November. Impending setbacks should be used to continue buying bitcoins in the second quarter. A rally is expected in the second half of the year, with resistance at around 6,000 breaking out. According to Fundstrat executive Tom Lee, 2020 should see Bitcoin post new historic all-time highs above $20,000. Sluymer had meanwhile correctly anticipated the trouble ahead, warning it would take time for bitcoin to recover its technical robustness.

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

A large scale security breaches today, the world’s largest Cryptocurrency exchanges Binance has been hacked by the hackers.  Crypto exchanges lose around 7000 Bitcoin (BTC) worth about $40 million via a single transaction. Hackers were able to obtain a large number of user API keys, 2FA codes, and possible other information. They used various techniques, viruses, including phishing and received a large amount of user’s data. CEO Changpeng Zhao states that the Bitcoin’s were withdrawn from its hot wallets. According to the exchange, all of its other wallets are secure. Binance says it will use its Secure Asset Fund for Users (SAFU) to cover any losses and reimburse customers. Users can still log in and trade, although deposits and withdrawals are disabled. They would conduct a large-scale review of its security protocols and did not rule out the possibility of unearthing further breaches.

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Microsoft Introduces New Azure Blockchain Development Kit for Ethereum Blockchain

Microsoft has released the new Azure Blockchain Development Kit for the Ethereum blockchain, according to an announcement from Microsoft Azure blog Build Azure on May 6.

The new offering is reportedly an extension to Microsoft’s source-code editor Visual Studio Code, and has been designed to aid developers who are building apps using Microsoft’s newly-released blockchain-as-a-service (BaaS) platform, Azure Blockchain Service.

The new extension can also reportedly be used for building apps on the public Ethereum network, and enables developers to use open source blockchain tools such as Solidity and Truffle.

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The top 10 Hot Crypto News Updated Daily for you to know the Market Situations.

1. TRON announces collaboration with Japanese government to maintain regulation standards.

2. Coinbase declares XRP most suited cryptocurrency to send money internationally.

3. China Adoption Blossoms as the Largest Shipping Conglomerate Is About to Implement Blockchain for Its Supply Chain.

4. Ripple (XRP) In a 4 Cents Range Since Dec, When Will Bulls Break Out?

5. Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 1.

6. Pakistani Government Set to Introduce Regulations for Cryptocurrencies.

7. The US SEC Is Hiring a ‘Crypto Specialist’ Legal Advisor.

8. Bitcoin Cash, Litecoin Futures Volumes Top $150 Million at Kraken Exchange.

9. Ripple XRP Price Prediction for April: Can It Rise by 26% To Hit the Target of $0.40?

10. With Litecoin Halving On the Horizon, Hash Rate Nears All-Time High.

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Crypto Exchanges are the New Enemy.

We’re not in a bull market now yet what we are in right now is a bull trend the ugly side of where we are at and where we are heading the scams are going to come back. the market gets the more creative and it’s not just coins it’s not just projects exchanges.

 

Who protects you or who is supposed to? what if they are decentralized? there’s no CEO or CFO who is going to protect you? is it the CFTC what they call Bitcoin a commodity and they say that they are supposed to regulate it but what are they actually regulating? The US Department of Justice is actually probed in two different projects but what have they actually done?

 

When it comes to cryptocurrency here’s something that’s really serious issue, the fact that that coins have been taken into wallets that you’re not controlling they’ve been sold on exchanges that’s your money being taken from you and there’s like what’s consequent to base the signal for that they have sanctuary this is that. you can’t depend on any regulators or any entities to protect and the problem will get worse.

 

So what can we do about it? Something peculiar about this situation, the investors who need protection there’s actually really good cryptocurrency projects who fall victim to it these exchange hacks who fall victim and the value of the cryptocurrencies get crushed so you actually have a really good project who suffers because of a hack and then there and then what happens is the community feels the coin is dumping which is a scam coin we see stuff like that all the time there’s not a lot of how can you say this you cannot do in the space of cryptocurrency without receiving some sort of a dramatic reaction and the drama goes both ways I mean we move up 5% all of a sudden people see it as trash.

 

What cryptocurrency does is that being said though everyone is getting excited and projects are getting so are the scammers so are the hustlers so are the people who want to steal your money everything comes with good and it comes with bad and we’re already seeing it happen.

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The top 10 Hot Crypto News Updated Daily for you to know the Market Situations.

1. TRON announces collaboration with Japanese government to maintain regulation standards.

2. Coinbase declares XRP most suited cryptocurrency to send money internationally.

3. China Adoption Blossoms as the Largest Shipping Conglomerate Is About to Implement Blockchain for Its Supply Chain.

4. Ripple (XRP) In a 4 Cents Range Since Dec, When Will Bulls Break Out?

5. Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 1.

6. Pakistani Government Set to Introduce Regulations for Cryptocurrencies.

7. The US SEC Is Hiring a ‘Crypto Specialist’ Legal Advisor.

8. Bitcoin Cash, Litecoin Futures Volumes Top $150 Million at Kraken Exchange.

9. Ripple XRP Price Prediction for April: Can It Rise by 26% To Hit the Target of $0.40?

10. With Litecoin Halving On the Horizon, Hash Rate Nears All-Time High.

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Why Bitcoin JUMPED!

It is Finally happening, Bitcoin debt the price of all seems to indicate flat lining vertically got it now the bull is a conspiratorial animal and things like this are never of a natural occurrence ever neither up nor down it’s always some tether manipulation of some sort today it is most definitely because of the bad Briggs.

The government once again failed to reach consensus, after it went through resistance bang. The three key resistance levels were smashed 42 44 45 and not just for Bitcoin but Etherium over a $150 again, XRP isn’t on much difference, 450 litecoin well over $60, Finance coin is 19 bucks and Tether is a penny over a dollar, about Cardno it is almost 8, these peaks almost confuse sellers where they should put their sell orders.

Shorter’s of Bitcoin that bet the wrong way $400 million dollars lost getting liquidated in the last six hours, taking a look at what happened within 30 minutes Bitcoin jumped almost 20% to hit resistance at differing price levels. Now it depends on what exchange you saw sometimes you would have seen Bitcoin heading over 5k but generally the Aggregate a price that Bitcoin hit resistance at was for 800 for 830 someone for 850.

Many of us would like to have seen the old resistance lines be the resistance again which would learn about $6,000 sadly that’s not been the case however the good news is that this is pointing to a very positive and recent trend which is Bitcoin posting higher highs and higher lows where will it go now? to be honest no one is quite sure.

The idea of buying crypto at a peak being the point of maximum financial risk has proven to be far less true than it has been in a very long time, you don’t want to buy in if it’s a silly jump in price but so far it’s been a great idea you think you’re buying the top but nope that’s not always the case.

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