Bitcoin News Roundup for May 18, 2020

Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows…

U.S. Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson testified on Wednesday that terrorist group Hamas has received very little support in digital assets – countering earlier reports that it got tens of millions in crypto.Still, he said his office is focused on the threat from digital assets and asked Congress to help provide

news A team at blockchain services company Coinfirm has been watching the erratic movements of the bitcoin associated with $40 million stolen in the latest Binance breach. At 4:11 AM on May 8 the hacker or hackers moved 1214 BTC ($7.16 million) to new addresses and then moved another 1337 “to 2 new addresses held by…

GROK, an X AI-inspired token, lost nearly $100 million in capitalization in the past 24 hours as its developer was linked to previously rug-pulled projects. The token is inspired by, but is completely unrelated, to Grok AI, a chatbot service by Elon Musk-owned X that’s currently in beta testing.Grok prices gained some 13,000% in just

Vanguard is preparing to name the BlackRock executive who oversaw the firm's launch of its bitcoin exchange-traded fund as its new CEO, people familiar with the matter told the WSJ.Salim Ramji left BlackRock in January to “seek a new leadership or entrepreneurial opportunity outside the firm,” he said then. The move came shortly after the

news Blockchain startup Fluree, a Public Benefit Corporation, received a $4.7 million round of funding from 4490 Ventures, an early-stage venture capital fund, along with Revolution’s Rise of the Rest seed fund, to develop and market their decentralized data storage ecosystem. Operating on the principles of complete data integration and immutability, Fluree hopes to eradicate…

India's central bank has reportedly formed a new unit within the organization to tackle research and regulatory frameworks for new technologies including blockchain, cryptocurrency, and artificial intelligence. According to a report from the Economic Times on Monday citing sources familiar with the matter, the Reserve Bank of India (RBI) launched the new unit about a…

news The blockchain phone from PundiX, in the works for a year now, is almost ready for launch. The company put the latest iteration on show at the IFA 2019 event in Berlin this week and has revealed to CoinDesk that the device is planned to go on pre-order in Q4 2019 at a price of $599…

A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws. The judge reiterated her view that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate federal securities laws. A federal judge ordered Ripple to pay $125 million