Just Resigned CEO of World’s Largest Crypto Exchange OKEx Joins Rival Exchange Huobi

The outgoing CEO of OKEx crypto exchange has joined rival exchange Huobi just days after resigning from his former post, Cointelegraph Japan reports today, May 21. Li Shufei, also known as Chris Lee, left his roles as CEO of OKEx and CFO of parent operator OkCoin on May 14, reportedly to “start a new life.” Lee is now joining Huobi as Board Secretary and VP of International Business Development, effective May 18. Among many tasks, Lee will support Huobi’s global business development (including Japan, Korea, the Middle East and APAC),…

Bitcoin Back Above $8,500 But Does Rally Have Legs?

Bitcoin’s (BTC) has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate. The cryptocurrency closed below key technical levels on Thursday, signaling a bearish breakdown, but the ensuing sell-off unexpectedly ran out of steam at $7,925 on Friday. Then, over the weekend, bitcoin gained more than $500, rising back above resistance at the 50-day moving average. As of writing, BTC is changing hands at $8,530, having clocked a six-day high of $8,644 earlier today. While last week’s bearish trend seems to…

National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As society starts to move away from cash, central banks’ potential to reap profits off issuing that cash could be threatened. Many governments are worried about the mass adoption of cryptocurrencies and hence are considering the merits of creating a central bank digital currency (CBDC). Central banks have woken up to the risks cryptocurrencies can pose to policy makers’ bread-and-butter business: the economy. Hence the debate about the pros…

Crypto Markets See Slight Growth, Total Market Capitalization Nears $392 Bln

May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Market visualization from Coin360 Bitcoin (BTC) is up around 3 percent in 24 hours to press time, currently trading at $8,520. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has crossed the level of $700, currently trading at $719 with an increase in value of about 3% over the past 24 hours. Ethereum price chart.…

‘51 percent attack’ in Silicon Valley TV Series

Most modern technological marvels make their way into mainstream media, but a select few are influential enough to feature on some our favourite TV shows. Bitcoin and cryptocurrencies are no exception, having captured the imagination of millions around the world during a breakout period in 2017. Primarily driven by Bitcoin’s astronomical boom in value as the year drew to a close, people from all walks from life had either heard about Bitcoin or were actively looking to get involved. With mainstream media headlines came all the fanfare with it, and…

Crypto Ban FUD And Blockchain Adoption Galore

Top Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on the Ethereum network, will reportedly be integrated into the Circle Pay payment app and in Circle Trade, as well as traded on the Poloniex exchange. Microsoft’s Bing Joins Facebook, Twitter In Crypto…

Hacked Crypto Exchange Coincheck Confirms Removal of Four Anonymity-Focused Altcoins

Recently hacked Japanese crypto exchange Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18. Following reports from back in March, the exchange has now officially confirmed the removal of the four anonymity-focused coins will come into effect June 18. According to Coincheck’s blog, the exchange will remove the four cryptocurrencies to comply with counter-terrorist financing (CFT) and anti-money laundering (AML) measures recently issued by Japan’s financial regulator, the Financial Services Agency (FSA). The FSA has been especially active…

BlockShow Europe 2018 Blasts a Massive Update, Days Prior to the Event

BlockShow Europe 2018 is fast approaching – time has come for some big news from the organizing team. Today, roughly a week before the event, we want to shed some light on what is waiting for more than 3000 attendees in Berlin on May 28-29. Fresh arrivals & celebrities on board First and foremost, the value of any conference is the quality of its speaker pool. For BlockShow Europe 2018, the organizers have brought together over 100 blockchain experts and practitioners. Among the speakers BlockShow has in its lineup there is…