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Fundstrat’s Tom Lee is standing his ground on bitcoin soaring to $25,000. div > div.group > p:first-child”> On Wednesday, the cryptocurrency plunged below $8,000 and traded at around $7,500, essentially giving up most of the gains bitcoin had managed to make from mid-April to early May after hitting 2018 lows. But not only does Lee …

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The last four suspects in a two year case against alleged pyramid scheme OneCoin have been prosecuted in China’s Hunan Province, government-supported local news source the Justice Network reports Wednesday, May 23. The Zhuzhou Country Procuratorate of the Hunan Province examined 106 people, publicly prosecuted 98, and recovered around 1.7 bln yuan (around $266 mln) from over 20 provinces across …

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Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid April. div > div.group > p:first-child”> The digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET, according to data from CoinDesk. All other major cryptocurrencies were also in the red despite bullish calls …

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Over the past few days, cryptocurrency markets have been losing steam as many digital assets have lost a good amount of value. Most coins are down anywhere between 3-15 percent over the past 24-hours. Bitcoin Cash (BCH) values have dipped 10 percent over the last day and prices hover around $1,055 today. Bitcoin Core (BTC) …

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The kidnappers of a 13-year-old boy in South Africa have demanded a ransom of 15 bitcoins (BTC) – around $120,000 – for his release, The Guardian reportedTuesday, May 22. Local police stated that on Sunday, May 20, three gang members pulled up in a car near to where the teenager, Kathlego Marite, was playing with two …

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Wilma Woo · May 23, 2018 · 1:00 pm <!– Excerpt The chairman of the Israeli Bitcoin Association, Meni Rosenfeld, has continued the debate surrounding the providence of “imitation” blockchain projects and altcoins. Exploiting ‘Invisible’ Features In a series of tweets on May 21st, Rosenfeld added to the “cargo cult” narrative which first appeared at …

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Police say Katlego Marite was taken by three men in a car as he played with two friends near his home in the eastern province of Mpumalanga. Police spokesman Brigadier Leonard Hlathi told CNN the incident in the coal-mining city of Witbank was over in minutes and the abductors seemed to make a beeline for …

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Chinese government officials do not take kindly to Bitcoin traders. This is especially true when scamming other users through cryptocurrencies. Six individuals have been arrested regarding a $48m scam which effectively defrauded more than 3,000 people. Shenzhen Puyin Blockchain Group had little to no honest intentions despite issuing a backed token. It is evident cryptocurrency …

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Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest that makes it easier for “newbies” to enter the market. The feature, dubbed “Buy the Market,” gives customers the option to invest in all listed coins at once, rather than having to decide between coins individually, according to a Bloomberg report Tuesday, …

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Georgi Georgiev · May 23, 2018 · 11:00 am <!– Excerpt Robert Shiller, who won the Nobel Memorial Prize in Economics in 2013, holds that Bitcoin, among other cryptocurrencies, might be just another failed experiment. He touched on their complexity and the fact that they are connected with a yearning for social revolution. Robert Shiller …

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