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Cryptocurrency News Today: Dash, Koinex, Kyber Network, BitBay, Coincheck, Bitcoin, Ripple, Ethereum, and More

Bitcoin To Hit $91k (Cryptodaily.co.uk)
Despite the recent poor performance from Bitcoin, this could all turn around. Investors in Bitcoin got a treat, when analysts predicted that the number one virtual currency could reach $91,000 by March 2020. After hitting an all time high of $20,000 in December the beginning of the year saw this almost halve, and this weekend, the coin was valued at little over $7,000. However, the researchers who are based at the New York Fundstrat Global Advisors believed that they have looked at the long term value of Bitcoin, and have mapped out in detail the short and long term trends, which include mining costs, trading trends and other technical analysis.

Ethereum’s (ETH) Major Investor’s Impersonation May Cause Another Massive Ads Ban (OracleTimes.com)
Ethereum’s (ETH) – The looming crises biffing the cryptocurrency world over the past few months piloted series of gestures from some altcoins and the general crypto verse, giving it dents and defamations in some areas. Not the end, as the events also transude display of dismay from crypto enthusiast, especially from the recent embargo placed on all cryptocurrency related ads by the Tech giant Google and a previous one from its contemporary, Facebook. Well knowing that both companies hold a massive share of the online advert industry, the actions never seem satisfactory for users and investors of cryptocurrency. With the claims from both companies that cryptocurrency poses harm or potential harm to its users and can be deceitful, Crytolovers never seem to believe any of it, tagging the ban to self-interest from the successful tycoons.

Mastercard Open to Cryptocurrency, But There’s a Catch (Bitcoinist.com)
Mastercard has put a lot of time and effort into blockchain technology, but they’re not exactly a fan of virtual currencies like Bitcoin. This was clearly evident when Mastercard and Visa classified the buying of cryptocurrency as a cash advance instead of a purchase. At the time, the credit card giant stated: Over the past few weeks, we have clarified to acquirers – or the merchant’s bank – the right transaction or merchant category code to use for these type of transactions (cryptocurrency purchases). This provides a consistent view of such purchases for both merchants and issuers.

Coincheck Exchange to Stop Trading of Monero, Dash and Zcash (Smartereum.com)
Coincheck cryptocurrency exchange has suspended the trading of certain cryptocurrencies including Monero, Dash, and Zcash as it recovers from the notorious hack on its platform. Japan Times reported that the Exchange will stop handling the coins and others that feature a risky degree of anonymity. The Risk of Anonymity in Cryptocurrencies: Transactions on the blockchains of Monero, Dash and Zcash are highly anonymous making it impossible to identify persons who receive funds on their platforms. Persons can use cryptocurrency to launder money without being traced as a result of anonymity in cryptocurrency transactions. This is most likely the reason Coincheck has decided to trade these coins.

Bitcoin: Cryptocurrency Scammers Sued by US Federal Trade Commission (Independent.co.uk)
The US Federal Trade Commission (FTC), Washington’s consumer watchdog, has filed a lawsuit against two businesses it accuses of operating cryptocurrency pyramid schemes. The FTC is taking action against Bitcoin Funding Team and My7Network over what it defines as “chain referral” scams, in which participants pay upfront entry fees in order to be able to recommend others to follow suit. The companies allegedly promised customers who made an initial investment of just $100 (£71) that they could earn an $80,000 (£56,938) monthly income from doing so – although payouts seldom amounted to anything like that.

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