The San Fran Fed Blames Crypto Crash on Bitcoin Futures
Federal Reserve Bank of San Francisco published an analysis of Bitcoin prices and the crash of 2017 – 2018, pointing to Bitcoin futures as the main catalyst for the crash.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
South Korea’s Biggest Cryptocurrency Exchange Upbit Raided
A few sources have reported that South Korea’s biggest cryptocurrency exchange Upbit was raided for alleged fraud.
Rumor Has it Facebook is Working on Cryptocurrency and Blockchain
Facebook is working on seeing how they can integrate blockchain technology and there is a rumor they are considering a token.
A Few Bits of Bad News Help Turn the Crypto Bull Run into a Bear
A few bits of bad news helped spur on a crypto correction that started when Bitcoin failed to break $10k. This included a rumor that the MtGox trustee had moved a 8,000 or so Bitcoin onto the exchanges, news of a raid on the popular South Korean exchange Upbit, and to a lesser extent the potential of regulation of ICOs in the US.
Bank of America Clarifies its Stance on Crypto on CNBC
Bank of America previously banned crypto credit card purchases and Bitcoin stocks. Today on CNBC they clarified their stance on crypto.
New York AG Eric Schneiderman is the Same AG Who Went After Crypto
New York AG Eric Schneiderman stepped down after some scandalous news broke. This is relevant to crypto as that is the same Schneiderman who had just put out a crypto inquiry.
Bytecoin (BCN) Pumped So Hard it Crashed the Network
Bytecoin (BCN) got pumped so hard after being listed on Binance that it essentially crashed the Bytecoin network.
NYSE Parent Company Working on Bitcoin Trading and Custody Service
According to the New York Times, the parent company of the New York Stock Exchange (NYSE) has been working on an online trading platform that would allow large investors to buy and hold Bitcoin.
May 7th SEC Meeting on Ethereum as a Security?
The Wall Street Journal previously reported the SEC was having a meeting today (May 7th) on whether or not some cryptos, like Ethereum and its ICOs, are securities.
FACT CHECK: Reddit Co-Founder Says Ether Will Reach $15,000
Alexis Ohanian, a co-founder of Reddit, misspoke when he said Ether (ETH) will reach $15,000 in 2018. He mean to say the much more reasonable $1,500.