Tuesday, April 23Your Daily Bitcoin & Altcoin News Portal
21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

BITCOIN
Please share if you find this article interesting. 21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Prosecutors in Santa Clara announced the jail sentence on April 22. In February, Joel Ortiz had pleaded guilty and to theft and accepted the 10-year plea deal. Ortiz stole more than $7.5 million from at least 40 victims: the press release notes that he then spent $10,000 a time at Los Angeles nightclubs, hired a helicopter to fly him and his friends to a music festival, and bought top-end Gucci clothes and luggage.   In May 2018, one cryptocurrency entrepren
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Unconfirmed: Japanese Regulator Conducts Flash Inspection of Huobi Japan, Fisco Exchanges

Unconfirmed: Japanese Regulator Conducts Flash Inspection of Huobi Japan, Fisco Exchanges

BITCOIN
Please share if you find this article interesting. Unconfirmed: Japanese Regulator Conducts Flash Inspection of Huobi Japan, Fisco Exchanges Japan’s financial regulator has reportedly investigated two domestic cryptocurrency exchanges to check consumer protection and legal compliance, Cointelegraph Japan reported on April 23. According to anonymous source originally speaking to Reuters, the investigation by the Financial Services Agency (FSA) on April 17 involved trading platforms Fisco and Huobi Japan, the local off-shoot of Chinese exchange Huobi. Fisco Digital Asset Group (FDAG) has been working with Tech Bureau Inc., the operator of the previously hacked Zaif exchange, to officially transfer the business to the former group. Both the Fisco and Huobi Japan platforms had previo
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IDC Report: Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022

IDC Report: Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022

BITCOIN
Please share if you find this article interesting. IDC Report: Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022 Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC). IDC's Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data from the emerging blockchain sector from a regional, vertical industry, use case, buyer and technology perspective. The report forecasts a sharp uptick in blockchain solutions spending in the region this year — predicting APEJ spending will hit almost $523.8 million in 2019, up 83.9% from $284.8 million in 2018. For the 2018-2
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Aa Traditional Remittance Rates Soar, Crypto-Baaed Transfers Can Cut Costs in Africa by 90%

Aa Traditional Remittance Rates Soar, Crypto-Baaed Transfers Can Cut Costs in Africa by 90%

BITCOIN
Please share if you find this article interesting. Aa Traditional Remittance Rates Soar, Crypto-Baaed Transfers Can Cut Costs in Africa by 90% Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new World Bank 2019 report. However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa. Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings Banks Most Expensive Cash Transfer Agents Africans working abroad...
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Japan to Provide G20 With Solution for Crypto Regulation – Bitcoin News

Japan to Provide G20 With Solution for Crypto Regulation – Bitcoin News

BITCOIN
Please share if you find this article interesting. Japan to Provide G20 With Solution for Crypto Regulation - Bitcoin News Japan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Crypto Regulatory Manual Japan is often known as one of the most crypto-advanced countries, having legalized cryptocurrency as a means of payment in April 2017. According to local news outlet Sankeibiz, Japanese regulators have created a handbook “that each [G20] countr
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Bitcoin (BTC) Price Starts Much Awaited Rally To $6K

Bitcoin (BTC) Price Starts Much Awaited Rally To $6K

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin (BTC) Price Starts Much Awaited Rally To $6K Bitcoin price broke the main resistance at $5,400 and rallied sharply against the US Dollar.The price traded to a new 2019 high and it remains in an uptrend above $5,350.There is a major bullish trend line forming with support at $5,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair has likely started a strong upward move towards the $5,800 and $6,000 resistance levels.Bitcoin price rallied sharply above $5,400 and $5,600 against the US Dollar. BTC is likely to extend gains and it may continue to grind higher towards the $5,800 and $6,000 resistance.Bitcoin Price AnalysisAfter a short term downside correction, bitcoin price found support near the $5,20...
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Ripple (XRP) Price Recovery Looks Real But Could Face Hurdles

Ripple (XRP) Price Recovery Looks Real But Could Face Hurdles

PRICE ANALYSIS
Please share if you find this article interesting. Ripple (XRP) Price Recovery Looks Real But Could Face Hurdles Ripple price corrected lower recently and tested the $0.3175 level against the US dollar.The price bounced back and traded above the $0.3200 and $0.3220 resistance levels.There was a break above a key bearish trend line with resistance near $0.3220 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently forming a bullish continuation pattern and it could revisit the $0.3300 resistance.Ripple price is slowly recovering against the US Dollar, whereas still struggling versus bitcoin. XRP could recover further above $0.3280, but it is likely to struggle near $0.3320.Ripple Price AnalysisRecently, we saw a strong downside correction in ripple...
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Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis

Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis

PRICE ANALYSIS
Please share if you find this article interesting. Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis The total crypto market cap bounced back after testing the $167.5B level.Bitcoin price rallied to a new 2019 high above the $5,500 resistance level.Litecoin (LTC) price is currently consolidating above the $75.00 support area.Bitcoin cash price is slowly moving higher towards the $295 and $300 resistance levels.Tron (TRX) price is currently struggling and it could test the $0.0245 support area.Cardano (ADA) price rallied recently and broke the $0.0750 and $0.0760 resistance levels.The crypto market cap is climbing steadily, with bullish moves in bitcoin (BTC), Cardano (ADA) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and BNB cou...
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Bitcoin’s Price Climbs Above $5,500 to Reach 5-Month High

Bitcoin’s Price Climbs Above $5,500 to Reach 5-Month High

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin’s Price Climbs Above $5,500 to Reach 5-Month High Bitcoin’s price extended its recent gains today by spiking above $5,500 for the first time in over five months. At 04:00 UTC, the world’s premier cryptocurrency, whose market capitalization accounts for more than half of all other cryptocurrencies combined, picked up a bid and saw its price climb as high as $5,650 in less than 10 minutes on April 23 – its highest price since Nov. 18, 2018. At the time of writing, bitcoin’s price has since pulled back slightly, now trading across exchanges at an average price of $5,586, according to CoinDesk’s price data. Also up roughly 1.48 percent on the day, bitcoin’s individual market capitalization rose to its highest value since mid
CryptoGirl
Ethereum (ETH) Price Looks Set To Break $175-$180

Ethereum (ETH) Price Looks Set To Break $175-$180

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum (ETH) Price Looks Set To Break $175-$180 ETH price corrected lower and tested the $165-166 support area against the US Dollar.The price bounced back and recently broke the $169 and $170 resistance levels.There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels.Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may accelerate above the $175 resistance in the near term.Ethereum Price AnalysisRecently, we saw a sharp downside correction in Ethereum price from the $178 swing high against the US Dollar...