Today in the news: - Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit. - 8,200 BTC was moved from a Mt. Gox wallet yesterday. - The Pineapple fund wrote in a farewell post that they were successful in donating a total of 5104 BTC. - Huawei is partnering with BTC.com to roll out a cryptocurrency app for their newly launched app store. - And more crypto news below... ## 24 Hour Change ![](https://steemitimages.com/DQmdY5mf1PhdD8Unr5voL6GBQpAYwr4W1yK4dRW3Br5h14C/image.png) *Realtime chart on my website [CoinMarkets.today](https://coinmarkets.today)* ## 7 Day Change ![](https://steemitimages.com/DQmaTvoB6WmbhkWLL5RgZHoidr72EZyRoD3CBYgjJt4q5k9/image.png) ## Month-to-Date Change ![](https://steemitimages.com/DQmNfCexHKpK5zGrwCY1xpkw1fU5R3oWSqUcafqLXEagqX4/image.png) ## 24 Hour Volume ![](https://steemitimages.com/DQmdhKPz7dSJyuo5TbDHKTWTURi6WJoMRnrbHXkotKe24Qt/image.png) ## Market Capitalization ![](https://steemitimages.com/DQmdQihnzRZAFK6GxNPzeqia65sFPNh1qsVhCRDw7o4mvYq/image.png) ## Bitcoin daily chart ![](https://steemitimages.com/DQmWNfSFgJNa77w1B2WR2VQh77RFNdKtpXxy46ZSBUW7LsF/image.png) *Feel free to use and share my charts, but please mention me as the author.* https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png ## Latest Crypto News - May 11, 2018 #### [S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React](https://cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react) > Upbit, South Korea's largest cryptocurrency exchange, is being investigated by local police and ten investigators for alleged fraud, local news outlet Chosun reports today, May 11. Upbit is a crypto-only exchange run by a subsidiary of Korean tech giant Kakao, and currently the fourth largest crypto exchange globally by 24-hour trade volume. _{*Read more: [cointelegraph.com](https://cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react)*} #### *More sources:* - **[Korea's Biggest Crypto Exchange Raided Over Suspected Fraud](https://www.coindesk.com/koreas-biggest-crypto-exchange-raided-over-suspected-fraud-report/)** - **[South Korea’s Biggest Cryptocurrency Exchange Investigated by Local Police, Market Drops](https://www.ccn.com/south-koreas-biggest-cryptocurrency-exchange-investigated-by-local-police-market-drops/)** - **[South Korea’s Biggest Crypto Exchange, UPbit, Raided](https://www.trustnodes.com/2018/05/11/south-koreas-biggest-crypto-exchange-upbit-raided-executive-suspected-embezzlement)** - **[South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud](https://news.bitcoin.com/south-koreas-largest-crypto-exchange-upbit-investigation-fraud/)** - **[UPbit Raid Overnight Spooked Crypto Markets](https://cryptovest.com/news/upbit-raid-overnight-spooked-crypto-markets-bitcoin-down-almost-9-over-last-24-hours/)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts](https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html) > The growth of bitcoin "mining" activity could send the cryptocurrency's price as high as $64,000, investment research firm Fundstrat said. _{*Read more: [www.cnbc.com](https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html)*} #### *More sources:* - **[Bitcoin Price Could Reach $64,000 in 2019: Fundstrat Analysis](https://www.ccn.com/bitcoin-price-could-reach-64000-in-2019-fundstrat-analysis/)** - **[Fundstrat Sets $64K Price Target for BTC, and This One Relates to Mining](https://cryptovest.com/news/fundstrat-sets-64k-price-target-for-btc-and-this-one-relates-to-mining/)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Huawei Releases Bitcoin Wallet In App Store, Pre-Installed On All New Smartphones](https://cointelegraph.com/news/huawei-releases-bitcoin-wallet-in-app-store-pre-installed-on-all-new-smartphones) > Huawei Technologies Co., a Chinese multinational communications technology company, has announced that mobile phone users will be able to download Bitcoin (BTC) wallets on new Huawei devices starting Friday, Bloomberg reported May 10. _{*Read more: [cointelegraph.com](https://cointelegraph.com/news/huawei-releases-bitcoin-wallet-in-app-store-pre-installed-on-all-new-smartphones)*} #### *More sources:* - **[Huawei Poised to Give Chinese Users Easier Access to Bitcoin](https://www.bloomberg.com/news/articles/2018-05-10/huawei-is-about-to-give-chinese-users-easier-access-to-bitcoin)** - **[Huawei to Offer First Crypto Wallet App on Latest Smartphones](https://www.coindesk.com/huawei-to-offer-first-crypto-wallet-app-in-latest-smartphones/)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [$55 Million: Pineapple Fund Bids Farewell after Making Final Anonymous Donation](https://www.ccn.com/55-million-pineapple-fund-bids-farewell-after-making-final-anonymous-donation/) > Last year in December, a Redditor decided to give majority of their bitcoins to various charities, calling it the Pineapple Fund. The anonymous philanthropist created a website and began accepting applications from non-profit organizations. The goal was to donate 5057 BTC, worth almost $86 million back when one BTC was valued at $17,539. Today, the benefactor “Pine”, who never disclosed any personal information, announced that they were successful in donating a total of 5104 BTC ($55 million) to 60 different charities. _{*Read more: [www.ccn.com](https://www.ccn.com/55-million-pineapple-fund-bids-farewell-after-making-final-anonymous-donation/)*} #### *More sources:* - **[Pineapple Fund Writes Farewell Post, Reports That All Funds Have Been Donated](https://cointelegraph.com/news/pineapple-fund-writes-farewell-post-reports-that-all-funds-have-been-donated)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price](https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/) > The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. _{*Read more: [www.ccn.com](https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/)*} https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Venture Capitalist Tim Draper: Bitcoin Is The Most Secure Place To Put Your Money](https://www.cnbc.com/video/2018/05/10/vc-draper-bitcoin-is-the-most-secure-place-to-put-your-money.html) https://www.youtube.com/watch?v=iowxcbtLLR0 _{*Read more: [www.cnbc.com](https://www.cnbc.com/video/2018/05/10/vc-draper-bitcoin-is-the-most-secure-place-to-put-your-money.html)*} https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Nvidia Had a Blowout Quarter, and Strong Demand From Crypto Miners Was a Factor](https://cryptovest.com/news/nvidia-had-a-blowout-quarter-and-strong-demand-from-crypto-miners-was-a-factor/) > Nvidia reported another blow out quarter on Thursday, and that included extremely healthy revenues from crypto miners. _{*Read more: [cryptovest.com](https://cryptovest.com/news/nvidia-had-a-blowout-quarter-and-strong-demand-from-crypto-miners-was-a-factor/)*} #### *More sources:* - **[Nvidia Reports First Quarter Crypto Sales, Expects Two-Thirds Drop In Second Quarter](https://cointelegraph.com/news/nvidia-reports-first-quarter-crypto-sales-expects-two-thirds-drop-in-second-quarter)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Ethereum Futures Go Live on UK Trading Platform](https://www.coindesk.com/ethereum-futures-go-live-uk-trading-platform/) > Digital asset trading service Crypto Facilities is launching ethereum futures contracts. Announced Friday, the U.K. startup claims the news marks the first time futures for ether - the cryptocurrency that powers the ethereum blockchain - will be traded on a regulated platform. Investors will be able to take long or short positions, which will let them "broaden investment opportunities and manage risks more effectively," according to the firm. _{*Read more: [www.coindesk.com](https://www.coindesk.com/ethereum-futures-go-live-uk-trading-platform/)*} #### *More sources:* - **[Ethereum Futures Launch on Regulated UK Trading Platform](https://www.ccn.com/ethereum-futures-launch-on-regulated-uk-trading-platform/)** - **[Ethereum Futures: British Company Launches Contracts to Bet on the Fate of ETH Coins](https://cryptovest.com/news/ethereum-futures-british-company-launches-contracts-to-bet-on-the-fate-of-eth-coins/)** https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png #### [Financial Institutions In A Race: Who Will Bring Crypto Trading To The Fiat Masses First?](https://cointelegraph.com/news/financial-institutions-in-a-race-who-will-bring-crypto-trading-to-the-fiat-masses-first) > There is a definite race on now for major banks to start offering clients the chance to trade cryptocurrency through their offerings. _{*Read more: [cointelegraph.com](https://cointelegraph.com/news/financial-institutions-in-a-race-who-will-bring-crypto-trading-to-the-fiat-masses-first)*} https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png _{Visit my websites:
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