Thomas Lee Predicted Bitcoin Price By Year-End

The co-founder and head of research of Funstrat, Thomas Lee, predicts that the bullish market trend will continue and the price of Bitcoin can reach an all-time high of 25,000 before the year ends.

He also added that the turnaround was already overdue and declared Bitcoin was incredibly oversold. He believes this is largely due to tax selling related trading.

It seems that Me. Lee was right on target when he predicted that selling pressure will subside right around the time of tax day, April 17, 2018.

Many have questioned the theory as bitcoin is traded around the world not only in the U.S. However it seems that his prediction is substantiated in this case.

Bitmain Gets Approved In The US For A Bitcoin Mining Operation

A unanimously approval of The Walla Walla county’s economic development agency to land lease and possibly sell would allow Bitmain, via its subsidiary Ant Creek, to build a new crypto facility in Washington State.

The agreement states that Ant Creek will be able to least 10 acres of land for $4,700 per month with an option to purchase after one year.

Ant Creek has yet to agree with the terms as the time of this writing.

Walla Walla residents however are concerned about the amount of electricity the company will extract from the community which is among the cheapest in North America.

The region has attracted many crypto mining operations due to its energy surpluses and inexpensive rates but has been met with increasingly local resistance.

2nd Largest Stock Exchange To Release Crypto Trading App

Börse Stuttgart, the 2nd largest stock exchange in Germany, will release a cryptocurrency trading app via its subsidiary Sowa Labs later this year.

The app will be called Bison. It will be release in the 4th quarter of 2018 with 4 supported cryptos: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Trading in the platform will be without trading fees.

The application will initially be release in German with English to follow later.

Dr. Ulli Spankowski, the Managing Director at Sowa Labs claims that Bison will the first crypto app in the world to have a traditional stock exchange behind it.

Yahoo! Japan's Entrance To Crypto Space Confirmed

Yahoo! Japan announced on April 13, 2018 that it is entering the cryptocurrency space by acquiring 40 percent stake of Bitarg Exchange Tokyo Co. Ltd., via its wholly owned subsidiary Z Corporation.

Bitarg has already a license to operate crypto currency trading since December of last year but have not do so as of April 13 of this year.

According to sources the deal cost at about 2-3 Billion yen ($18.2 - $27.9 million USD).

The remaining 60% will remain to BItarg’s parent company CMD lab.

Yahoo! Japan Vice President Kentaro Kawabe explained that it will be difficult to enter the crypto space as Financial Services Agency has tightened review for new registrations of virtual currency exchange without the acquisition of existing exchanges.

The company plans to release an easy to use crypto exchange in the fall of this year.

China's Baidu Launches A Blockchain-Powered Stock Photo Service

The internet search engine giant in China, Baidu has launched Totem, a blockchain-based application that aims to protect the intellectual property rights of Photos.

It was released last April 11, 2018.

The concept is simple the application will timestamps every photograph that is submitted by its user base then using Baidu’s artificial intelligence algorithms will scan the image to ascertain if a copy of the file already exists on the ledger and the internet.

If a copy already exists it will decline exclusive rights to the user.

Conversely if it is determined to be unique the application will recognize the use as the image’s original creator and grant the user exclusivity rights.

The company believes that its Blockchain-powered application will change the traditional picture copyright protection model.

Headlines for the world of Cryptocurrencies - April 13, 2018 OKEx Is Next To Move To Malta / UAE To Launch Blockchain Strategy 2021 / Samsung Building ASIC Chips / Canada’s Coinsquare Lauched Television Advertisements Ahead of Initial Public Offering (IPO) / Power Company To Resume Coal Power Plant Operations To Mine Bitcoin
Headlines for the world of Cryptocurrencies - April 12, 2018 Lawsuit Vs JPMorgan For Exorbitant Fees / Caribbean Nations Embracing Cryptos / Bitcoin Private Supports Segwit And Gives Preview Of Merchant Payment Solution / Establishment Of European Blockchain Partnership / Winklevoss Brothers Granted Crypto Patent
Headlines for the world of Cryptocurrencies - April 11, 2018 China Has Most Blockchain-Related Patents Filed For The Past Two Years / Insured Cold Storage For Cryptocurrencies / Paxful Helping This African Nation Fight Bitcoin Scam / Crypto Expo Moscow 2018 / Crypto Hedge Fund Manager: Bear Market “Largely Over”