Jeremy Allaire: Bitcoin to Surpass $10,000 in June Because of Facebook

By CCN Markets: Circle CEO Jeremy Allaire has made a bold prediction. He believes that the price of bitcoin will surpass $10,000 by June 21, marking the beginning of what he’s dubbed “crypto summer.” He points to Facebook’s Libra launch as the catalyst for the bullish outlook. His prediction doesn’t seem far-fetched considering the price of bitcoin is marching toward $9,000. Facebook’s Libra to Boost Bitcoin Price Allaire believes that the launch of Facebook’s cryptocurrency, Libra, will prove to be a catalyst for the bitcoin price as it could bolster…

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Bitcoin Bull John McAfee Warns US Government: ‘I Will Bury You’

By CCN Markets: Bitcoin millionaire John McAfee — who’s a fugitive from the law for tax evasion — derisively taunted the U.S. government on Twitter. McAfee warned them to leave him alone or he will “bury” them. In a dizzying weekend Twitter rant, McAfee claimed that the Department of Justice is compiling a bogus case against him for money-laundering, racketeering, and murder. John McAfee: The Government Is Conspiring Against Me McAfee warned that if the feds don’t leave him alone, he’ll drop several bombshells that will reveal mass corruption within…

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Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin

By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017. Prosecutors Say Longfin Cooked the Books The Securities and Exchange Commission also accused Longfin executives of insider trading, saying they illegally sold $33 million of stock in unregistered transactions. While the screaming headlines suggest that the…

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Bitcoin Millionaire Admits Steamy Sex Affair, Denies Model’s Grisly Murder

  By CCN: Bitcoin tycoon and Everus World founder Alex Johnson and his wife engaged in a threesome that ended with the mysterious death of a Dutch model in December 2017. Ever since, the couple has been living as outcasts, moving from one city to another while hiding from the anger and threats of vigilantes. Now, after 18 months, the Johnsons have broken the silence, claiming their innocence in the grisly murder case and calling for an end to their “witch hunt.” While they denied their involvement in her death,…

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Bitcoin Price Will Nosedive After Dead Cat Bounce: Crypto Blogger

By CCN: The bitcoin price will crash again soon because the latest rally was merely a dead cat bounce and not because the cryptocurrency’s fundamentals are strengthening. That’s what Motley Fool blogger Kevin Godbold contends. In his May 26 blog post, Godbold observed that the bitcoin price has soared more than 120% between January’s low of $3,400 to its current value of $8,500. However, Godbold attributes that to a dead cat bounce, so crypto fans shouldn’t get too smug. As CCN reported, a dead cat bounce is a temporary recovery…

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Impressive! Resilient Bitcoin Price Moves Higher as Crypto Stars Align

By CCN: The bitcoin price stumbled toward the end of the week but it looks like the bulls have gotten it together. BTC is now moving higher by nearly 7% to approximately $7,800 at last check on CoinMarketCap. The price had fallen as low as approximately $7,000 on Friday, and some traders have been calling for the bottom to fall out. It seems as though that won’t happen, at least not today. Even though the sudden reversal came suddenly and seemingly disrupted some weekend plans, nobody on Crypto Twitter was…

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Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the…

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Impressive Bitcoin Price Smashes Through $6,000 as Crypto Stars Align

By CCN: The bulls are back. After a prolonged period in a sideways range, the bitcoin price has finally established a powerful uptrend. As BTC  breaks the $6,000 level, enthusiasm is returning in waves to the cryptocurrency industry. Even the Binance hack has failed to put a dampener on a buoyant BTC/USD.   Bulls Are Unstoppable As BTC/USD Clears $6,000 Hurdle Why all the enthusiasm about the bitcoin price breaking $6,000? This level has been closely watched for some time. A bounce through this technically significant price point has been…

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