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BITCOIN TO PM:  $9323.9 USD + 3.95%
PM TO BITCOIN:  $9323.9 USD - 3.95%

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Despite a brief rally yesterday, bitcoin (BTC) is still in corrective mode and risks falling back below $9,000, chart analysis suggests.


BITCOIN TO PM:  $9266.87 USD + 3.95%
PM TO BITCOIN:  $9266.87 USD - 3.95%

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A state-owned scientific institution overseen by China's Ministry of Industry and Information Technology (MIIT) has announced that it will produce monthly assessments of blockchain projects.

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Those Lambos parked at the bitcoin conference are just a promotion. Three Lamborghinis parked Monday morning near a major cryptocurrency conference in New York belonged to a New Jersey-based car rental.


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BITCOIN TO PM:  $8869.23 USD + 4.95%

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Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s yet another indication the country’s business culture is betting on a crypto future.


Exchange PM TO BTC:  $8338 USD - 6.95%
BITCOIN TO PM:  $8338 USD + 4.95%

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Members of the European Parliament believe small businesses could benefit from integrating blockchain technology. The Industry, Research and Energy committee voted Wednesday to recommend that small businesses look into blockchain payment systems in a move aimed at relieving some of the costs associated with intermediary payment facilitators. In


BTC FOR PM:  $9038 USD + 4.95%
PM FOR BTC:  $9038 USD - 3.95%

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A new patent application from retail giant Walmart shows how blockchain could be used to augment its digital offerings for consumers.

Exchange PM TO BTC:  $8504.5 USD - 6.95%
BITCOIN TO PM:  $8504.5 USD + 4.95%

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China Central Television (CCTV), the country's highest-level government mouthpiece, has hit out at domestic initial coin offerings (ICOs) that it says are still "rampant," despite a 2017 ban.


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BITCOIN TO PM:  $8425.81 USD + 4.95%

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Before all the Lambo memes, shady no-product ICOs, and get-rich-quick schemes invaded the scene, Bitcoin was meant to disrupt the current economic system.

Exchange PM TO BTC:  $8341 USD - 6.95%
BITCOIN TO PM:  $8341 USD + 4.95%

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The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives.

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BITCOIN TO PM:  $8130 USD + 4.95%

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The Chilean central bank president, Mario Marcel, has made comment seemingly in favor of developing a regulatory apparatus for virtual currencies. The apparent openness to regulating cryptocurrencies contrasts significantly from the recent banking embargo targeting virtual currency recently witnessed in Chile.

Exchange PM TO BTC:  $7865.08 USD - 6.95%
BITCOIN TO PM:  $7865.08 USD + 4.95%

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Verge Attack
“Verge is once again under attack, someone is 51%’ing the chain and invalidating all legit blocks. All pools and miners suffer from this, the attacker is getting all blocks currently,” said Suprnova.

According to ocminer, the attacked gained two mining algorithms known as scrypt and lyra2re with almost no difficulty and utilized fake timestamps to trick the network. Consequently, the attacker has been able to invalidate many legitimate blocks and take over the network. Within a few hour span, the attacker gained more than $1.75 million, approximately 35 million XVG.

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BITCOIN TO PM:  $7807.69 USD + 4.95%

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Following bitcoin's recent losses, a key long-term trend indicator is looking increasingly bearish.

Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above - a bearish crossover that hasn't been seen since June 2014.

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BTC TO PM:  $7970 USD + 4.95%

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Bitcoin Gold Gets $18 Million Haircut

It appears Bitcoin Gold (BTG) has been double spend attacked over and over again, totalling something in the neighborhood of $18 million at current prices. BTG forums seem to have been tracking the hack, going as far back as last week, monitoring the controversial coin’s hashrate, ultimately determining a 51% attack was under way.


PM TO BTC:  $7690 USD - 6.95%
BTC TO PM:  $7690 USD + 4.95%

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Announced Friday, Beverly Hills real estate brokerage Hilton & Hyland is partnering with blockchain startup Propy to auction the Palazzetto inside the Palazzo Albertoni Spinola, a mansion built between 1580 and 1616.

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BTC TO PM:  $7720 USD + 4.95%

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According to regional publications in Russia, the alleged BTC-e mastermind and prisoner in Greece, Alexander Vinnik, has allegedly confessed to charges of fraud and money laundering on May 24, 2018. Reports reveal a signed document details that Vinnik admits to committing financial fraud between 2011-2017 through the BTC-e cryptocurrency exchange.

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BTC TO PM:  $7800 USD + 4.95%

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Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value that most coins had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during the last few hours. Meanwhile, Bitcoin Cash (BCH) prices are steadily holding just above the $1K region at $1,038 per BCH at the time of publication.


PM TO BTC:  $7641 USD - 5.95%
BTC TO PM:  $7641 USD + 4.95%

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This past week, many users who patronize the cryptocurrency exchange, Poloniex, have been complaining about their legacy accounts being frozen for not being verified on the exchange. Complaints are piling up on social media and forums over the past couple of days, with reports of even users who have been able to get their account successfully verified through the automated process still cannot trade or access their funds.

PM TO BTC:  $7508.5 USD - 5.95%
BTC TO PM:  $7508.5 USD + 4.95%

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The majority of blockchain projects have a short life span, averaging a little over one year, according to a report by Chinese researchers. Less than a tenth of the examined projects in the study are still active

Only 8 percent of over 80,000 blockchain projects launched globally are still actively maintained, according to He Baohong, Director of the Cloud Computing and Big Data Research Institute at the China Academy of Information and Communications Technology (CAICT). '

PM TO BTC:  $7412.7 USD - 5.95%
BTC TO PM:  $7412.7 USD + 4.95%

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Bitcoin (BTC) risks falling to the key support level of $6,900, having failed to capitalize on signs of weakening bearish momentum yesterday.

The cryptocurrency's technical charts saw a doji candle on Sunday, signaling short-term bearish exhaustion. However, a corrective rally remained elusive as bitcoin ran into offers above $7,400 and closed (as per UTC) at $7,143 – the lowest daily close since April 12, according to Bitfinex.

EXCHANGE PM TO BTC:  $7439.39 USD - 5.95%
BTC TO PM:  $7439.39 USD + 4.95%