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Here’s what you need to know. Bitcoin bulls didn’t get the rally they had hoped for Wednesday. 7,400 throughout most of the day. Here are the cryptocurrency headlines you can’t miss for Wednesday, May 30. Brian Forde has recently made headlines for more than just his bid to win a congressional seat in Southern California in the upcoming midterm elections.
400,000 through virtual currencies including bitcoin, according to FEC records brought to light by Politico. The company reportedly claimed it had legitimate relationships with Walt Disney Co. Is Bitcoin the New Fear Gauge? Brian Stutland of Equity Armor Investments told CNBC that bitcoin could become the new way the market monitors risk, effectively taking the place of the Cboe VIX Volatility Index, widely known as Wall Street’s fear gauge. Bitcoin is sort of becoming the new VIX, in sort of getting ahead of credit risk in the banking industry,” Stutland said. 4 million related to a child pornography cybercrime case, local media reported.
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While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains. 1 billion “Social Impact Fund” to foster the growth of startups in the blockchain and cryptocurrency space. A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin’s price. The Huobi exchange announced on Friday that it is launching a cryptocurrency-related exchange-traded fund. 10 million Series A round fully funded by IDG Capital. With regulatory uncertainty looming over the industry, incumbents should not feel too comfortable at the top.