Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 07

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The question whether the American regulators classify Ethereum as a security or not is taking center stage because it might have serious ramifications on the crypto world. Though it is not a decision that will be made in a hurry, still, the news…

Bitcoin Futures Launch Led To December 2017 Price Decline

Тhe Federal Reserve Bank of San Francisco released an Economic Letter May 7, suggesting that Bitcoin’s (BTC) decline following its $20,000 peak was the result of the launch of Bitcoin futures trading. The Federal Reserve’s letter says that “the rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence” and “it is consistent with trading behavior that typically accompanies the introduction of futures markets for an asset.” The highest Bitcoin price coincided with the introduction of Bitcoin futures by the…

World’s Second Largest Software Company Oracle To Offer Blockchain Products

Oracle Corp., the world’s second largest software company, is launching blockchain products over the next two months, Bloomberg reports May 7. President of software development Thomas Kurian announced today at Oracle headquarters that the company will unveil a platform-as-a-service product this month, and decentralized ledger-based applications next month. The California-based company is working with Banco de Chile to log inter-bank transactions on a hyperledger. Oracle has also been working with the government of Nigeria, which is reportedly seeking to use blockchain technology for documenting customs and import duties. According to…

Futures Launch Weighed on Bitcoin’s Price, Say Fed Researchers

Researchers from the U.S. Federal Reserve Bank’s San Francisco division believe that the launch of bitcoin futures on several marketplaces in the U.S. last December played a role in a subsequent slump in the cryptocurrency’s price. According to a research paper published on Monday, the authors  – including three researchers from the Federal Reserve Bank of San Francisco as well as a finance professor from Stanford University – believe bitcoin’s recent price trend is somewhat similar to how the housing bubble developed in the U.S. during the 2000s. And the…

Binance CEO Blasts VCs and Calls ICOs ‘Necessary’

Zhao Changpeng, the CEO of popular crypto exchange Binance, said that the initial coin offering (ICO) model is preferred to venture capital – even with the risk of fraud. In a blog post published Monday entitled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” the Binance chief took aim at the VC world, notably writing that he believes “raising money through ICOs is about 100 times easier than through traditional VCs, if not more.” It’s a notable statement, considering Binance’s position as one of the world’s largest crypto exchanges. Nor is it perhaps…

Munger Scales New Metaphorical Heights With Bitcoin Bashing, Compares Crypto To Organ Trading

Charlie Munger’s uniquely imaginative vision of Bitcoin (BTC) was given yet a further twist today, as the Berkshire Hathaway vice chairman compared cryptocurrency trading to dealing in “freshly harvested baby brains.” During an interview with Yahoo Finance May 7, Munger was asked if there were anything he could recognize of value in the crypto phenomenon. He replied: “The computer science behind Bitcoin is a great triumph of the human mind, that’s what’s captivated all these people. They’ve created a product that’s hard to create more of but not impossible ……

Japanese Investment Matchmaking Platform To Make Humans ‘Financially Autonomous’

As of autumn 2017, assets under management by the hedge fund industry were estimated at $2.5 tln. A Japanese venture is set to reshape this booming marketplace through Blockchain technology, and aims to challenge the handful of dominant players in the sector by seizing a 1 percent share of the sector.     SPINDLE, which plans to connect cryptocurrency hedge funds and users easily and on an equitable level, successfully completed a private sale earlier this year, centered predominantly in Japan. The investment matchmaking platform now hopes to go global. Its…

Brian Kelly Shares Three Bullish Reasons For Uptrend

The cryptocurrency market plummeted sharply today after striking two months high during the weekend. The top ten coins are in the red today, and the majority of them are declining at a mid-single-digit rate. Trader’s profits taking combined with resistance from bears are helping in pulling back cryptocurrency prices from fresh highs that they achieved during the weekend. The cryptocurrency market capitalization declined to $434 billion today; down sharply from two months high of $460 billion it touched during Sunday trading. Bitcoin (BTC) dipped below $9400 level today, while Ethereum…

Circle Adds Monero to Crypto Investment App

Blockchain startup Circle is adding the privacy-focused cryptocurrency monero to its Invest application, the company announced Monday. Just one week after the payment platform announced it was adding zcash to its trading app, the company added monero, according to a blog post. As with the other tokens available on the app, users will be able to purchase or invest the cryptocurrency. In addition to the privacy coins, Circle Invest offers bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin. In the post, Invest senior product manager Rachel Mayer wrote: “Last week,…

Warren Buffett: Investor. Teacher. Icon. | CNBC

This CNBC original documentary takes viewers inside the story of Warren Buffett’s extraordinary success and profiles some of the many people whose lives have been influenced. For more of Warren Buffett’s wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC…