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Explaining Bitcoin to someone who knows nothing about Bitcoin isnt easy. In fact its fiendishly tricky. Describing concepts such as blockchain, decentralized networks, and permissionless ledgers to beginners is as tough as describing the color orange to a blind person or the taste of an orange to someone whos never peeled one. Two new Bitcoin analogies surfaced this week, however, that should make that task easier.
Complete the following sentence: Bitcoin is like ____. Defining Bitcoin isnt easy; hell, even bitcoiners cant agree on what the cryptocurrency is designed for, be it a store of value, medium of exchange, or a form of censorship-resistant money. Its no surprise, therefore, that well-intentioned attempts at explaining Bitcoin to beginners can go awry. Two very different but equally compelling analogies provide a fresh take on Bitcoin. One lik...
Spains second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a 150 million loan using blockchain with Porsche Holdings, the largest car distributor in Europe
Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of Digital Currency Group, a major cryptocurrency-focused venture capital firm that has invested in large-scale cryptocurrency businesses in the likes of Coinbase, bitFlyer, and Blockchain, has said that amidst falling crypto
The post While Several VCs Exit, Binance Expands Crypto Incubator to 5 Regions appeared first on CCN
Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.
XYO Network, a blockchain-based geographic information system (GIS) with an Ethereum token and its own blockchain network, announced today a partnership with Esri, one of the worlds oldest and largest GIS systems and mapmakers, a company founded in 1969. The partnership came about when XYO hired a former Esri employee and the partnership became an
The post XYO Network Partners With Esri For Blockchain Enabled Geographic Information System appeared first on CCN
Bitcoin Cash tanks 13 percent as major cryptocurrencies all fall hard
Sephora has joined the list of retailers at which shoppers can earn bitcoin rewards via the Lolli app.
A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally.
Cryptocoinmap.ru is quite similar in design to the popular bitcoin ATM tracker website Coinatmradar. At this early stage, theres still a lot of room for improvement but the platform already has some unique features. It has been created by two Russian companies, Nanobit and Sova.rf, which have already expressed their intentions to continue to develop it.
At present, Cryptocoinmap shows several locations in the Russian capital where crypto enthusiasts are able to trade fiat with digital money. Six of them are bitcoin ATMs, where residents and visitors of Moscow can buy cryptocurrencies, and one is an exchange which sells and buys virtual coins. The website provides information about their addresses, phone numbers and business hours as well as images of the surroundings.
Major crypto exchange Binance has added Circles USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market
Dont respond to Bitcoin bomb scammers or pay them ransom money, U.S. govt agency tells victims
Today, Microsoft-owned LinkedIn released its top 5 emerging careers, where it listed Blockchain Developer as its biggest growing job sector for 2018. According to LinkedIns 2018 U.S. Emerging Jobs Report, job listings for engineers who can develop distributed ledgers with P2P technology have grown 33 times this year. In the second place, and by quite
The post Blockchain Development is Linkedins Biggest Growing Job Sector appeared first on CCN
The role of blockchain developer has leaped straight to the top of LinkedIn's list of emerging jobs for 2018.
Since the bear market hit the crypto ecosystem head-on, investors exposed to this helter-skelter asset class have been deterred at large. Not only have the value of cryptocurrencies, such as Bitcoin (BTC), declined drastically, but hype and interest surrounding this market have largely been exhausted. Nevertheless, there remain many libertarian-leaning zealots that will hold on to cryptocurrencies, even until the bitter end. And as such, it should come as no surprise that Bitcoins fanatics have come to its defense at a dreary time.
As bears have struck with no holds barred, Bloomberg TV has called upon a number of cryptos eminent insiders to get an inside scoop. Most recently, the famed financial news outlet brought on Eric Ervin, the chief executive at U.S.-based Blockforce Capital.
Subjecting the CEO to answering run of the mill inquiries, anchor Emily Chang asked what Bitcoins 82% year-to-date drawdown has meant for crypto en bloc. Ervin noted that his firm, like many other crypto-centric asset managers, regards cryptocurrencies as a long-term opportunity, rather than the short-term money grab that cryptos skeptics paint it to be. More specifically, the cryptocurrency proponent likened blockchain-based assets to the venture capital ecosystem, explaining that investing in cryptos should be addressed with a three-year time horizon. Ervin elaborated on cryptos prospects as an investable instrument, stating:
Because it is so inefficient, and there are so many operational risks that are yet to be solved, this creates an opportunity for investors that are willing to wade into the shallow end and start to invest in the asset.
Echoing comments from a multitude of his fellow industry pundits, the Blockforce representative then touched on how cryptocurrencies accentuate the hallmarks of an asymmetric risk profile. Ervin added that this emerging asset class, often likened to the Internet in the 90s, has the potential for copious upside, before maintaining that cryptocurrencies provide a nice opportunity for investors who can play their cards right.
Just days ago, on two distinct mainstream media segments, Travis Kling and Mark Yusko, two institutional investors turned crypto diehards, also lauded Bitcoin as a viable medium of portfolio diversification, even for investors deemed conservative and pro-traditionalist....
Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum blockchain-based, decentralized identity platform
Ongoing compliance crackdown in the U.S. sparks warning from Pantera Capital, with 25 percent of its ICO portfolio at risk
Bitcoin tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.
Just weeks ago, as Bitcoin (BTC) walked the fine line between a breakout and lower lows, Amun, a London-based fintech firm, suddenly divulged that it was slated to launch its HODL5 exchange-traded product (ETP) on Switzerlands SIX exchange. Amuns announcement instantaneously garnered attention from the bulk of the cryptospheres eyes and ears, with everyone and their mother discussing thegame-changing vehicle, which put a spotlight on BTC, Ethereum (ETH), and XRP.
Speaking with Financial Times regarding the product, Amun CEO and co-founder Hany Rashwan explained that the ETP would be an enticing offering for both institutional players and retail traders alike, as it would provide secure and regulatory-compliant exposure to cryptocurrencies. And with that in mind, HODL5 became the rallying cry for cryptos bulls blinded by hopium, who stated that the SIX-listed instrument could catalyze a jaw-dropping reversal. Yet, upon its launch, the performance of Amuns crypto foray was lackluster at best, dismal at worst.
As reported by NewsBTC, HODL5, while the most-traded ETP on SIX, saw little-to-zero interest during its first day on public markets, posting an insignificant $400,000 in volume. Such a figure was, of course, a far cry from the millions in volume that optimists were clamoring for. Many chalked up the fleeting interest to a number of factors, namely the fact that SIX has only been classified as Earths 13th largest stock exchange, posting a market capitalization of $1.6 trillion, a mere seven percent of the S&P 500.
Industry analysts and commentators looking to find a rationale behind the lack of volume aimed their scopes at other nuances. Some attributed the HODL5s initially scant volume to Amuns inability to captivate the business and wallets of SIXs institutional clients, the vehicles targeted constituency. Moreover, these skeptics added that such market participants didnt believe that the crypto market was poised to reverse its multi-month downtrend.
However, with a recent tweet from Su Zhu, the chief executive and investment officer at Singapore-based Three Arrows Capital, Amuns fortunes may actually be turning for the better, despite the further decline in the Bitcoin price.
On Thursday and Friday of last week, as BTC freefell to establish a year-to-date low in the $3,200 range, Switzerlands only ETP surprisingl...
Investigations are underway in Australia and New Zealand following reports of bomb threats where the sender is demanding a payment in bitcoin failure to which they will detonate an explosive device. The emails are believed to be similar to the ones that had earlier been received by various institutions and facilities in the United States
The post Pay up or Else: Bitcoin Bomb Threat Emails Show up in New Zealand and Australia appeared first on CCN
In Fridays installment of The Daily, we update a story we first reported on yesterday the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. Well begin, though, by covering a slice of crypto crime concerning bitcoin bandit Nicholas Truglia.
On Dec. 13, so-called bitcoin bandit Nicholas Truglia was extradited to California to face charges of hacking into the ph...
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This is a paid sponsorship by: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. Good evening, Im still reporting on: Trump Interview With Harris Falkner, 2476 Synopsis: Yesterday, the highly-regarded Fox News host, Harris Faulkner blasted the incoming House Majority leader Nancy Pelosi for calls to discuss the agenda for the incoming Congress with President Trump in secret instead of in front of the nations media in a much more transparent way. However, Pelosi has been calling for a (quote) Congress of transparency. Transparency unless its Pelosi who has to allow the nation see the way she operates. Pelosi didnt want the public to be able to see that [debate], said Faulkner on live Fox News air. Because why? Because shes in it? Because she doesnt want us to see them going back and forth? said Faulkner about the Trump Schumer Pelosi meeting. Well, today, President Trump invited Faulkner into the White House to do a taped interview one-on-one with the President. Faulkner, an Air Force brat just like yours truly - who has struggled to make her way in the daytime airwaves of Fox News, was suddenly thrust into the big time by President Trump. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or fi...
This is a paid sponsorship by: - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell Good evening, Im still reporting on: Trey Gowdys Exit Interview!, 2475 Synopsis: Trey Gowdy, the well-spoken former federal prosecutor turned Congressman has decided Washington politics is no longer for him. Last night Martha MacCallum ran an exclusive exit interview with Congressman Gowdy who is finishing up his 4 term representing the 4th district of South Carolina. [insert] SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https...
This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: Pelosi vs Trump Live WH Showdown, 2472 Synopsis:Yesterday, President Trump met with the incoming Speaker of the House of Representatives, Nancy Pelosi, and the incoming Senate Leader, Chuck Schumer in a bipartisan effort to hammer out a border security deal that would prevent a government shutdown. Its fascinating how Democrats talk about transparency, but never really try to do it. Trump does what he says. This is one of the most fascinating pieces of video Ive ever seen. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the econo...
Seed CX has one of the crypto industrys strictest policies on employee trading. In a word: Dont.
This week the crypto-sphere has been awash with talk about Samsung and its next generation flagship phone coming loaded with crypto goodies. While the company itself has dismissed the story according to reports, rivals are shipping out products that will no doubt keep Samsung on its toes.
The hype was instigated by a Samsung community website which ran a story on crypto cold storage functionality being included on the Galaxy S10. According to SamMobile which ran an exclusive a few days ago;
After hearing about the trademarks for Samsungs blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10.
The story went on to tout a number of features such as a cold wallet for storing crypto, signing of public and private keys, and a wallet for transfers and viewing transaction history. The story was syndicated across the crypto media web building a level of hype akin to that when Facebook was rumored to be delving into digital coins. Even crypto warlord John McAfee commented;
Has Samsung ever made a strategic miscalculation? I think not. Crypto is not just here to stay. It is taking over. Listen market you damn well better keep up.
Contrary reports on Cointelegraph claimed that Samsung has refuted the story labeling it as speculation. Unfortunately we are unable to provide any information as the below is rumor and speculation, the South Korean tech giant reportedly said.
The fact is that Samsung has filed for several blockchain and crypto related patents including those regarding storage and cold wallets, so putting two and two together SamMobile garnered a lot of traffic for itself.
The company is remaining tight lipped but the launch of a blockchain powered smartphone with cryptocurrency transaction capabilities is only a matter of time. The two technologies go hand in hand making micro-payments instantly while on the move would be better with a dedicated smartphone than a clunky laptop.
Rival phone maker HTC is already on the ball with the launch of its Exodus 1 blockchain phone this week. Reviews are already hitting the web and it was announced that the device would come preloaded with the Brave decentralized browser that is powered by the BAT token whi...
This is a paid sponsorship by: - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com Good evening, Im still reporting on: China Cuts Tariffs on Cars, 2473 Synopsis: In a huge win for President Trump, China has agreed to cut its steep tariffs on incoming U.S. vehicle imports. The news sent automotive stocks soaring in not only the U.S., but Japan, Korea and Germany as well. The deal would slash tariffs on US-made cars from 40% to 15%. Currently, the US charges a 27.5% tariff on Chinese-made imports. Apparently the deal was brokered by President Trump during trade talks with Chinese President Xi Jingping in Argentina a few days ago. It may signal a truce to the so-called trade war initiated by the President to bring into balance the gigantic trade inequity between the U.S. and China. The announcement also confirmed the Presidents last tweet on the topic, issued yesterday morning: Very productive conversations going on with China! Watch for some important announcements! This is huge news because Novembers decline in car sales in China added to the 5-month decline that may soon threaten the viability of Chinese manufacturers. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events...
The U.S. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take.
As if scripted by some kind of delirious director, crypto markets are dumping again this Friday. The same thing happened last Friday and the one before that and the end of week selloff is getting a little tedious.
Bitcoin fell to its yearly low again a few hours ago when it dumped 5% from over $3,400 to below $3,290. This marks a revisit to the 2018 low BTC made on December 8, almost a week ago. As before BTC managed to bounce off this weak support zone but it wont be three times lucky if all the analysts are to be believed.
Ethereum is forever losing ground as it drops even further, another 3.5% on the day taking it back to around $85 the lowest ETH price for 18 months.
Altcoins are bleeding again as we end another painful week in crypto land. Without even looking at the top ten you can probably make a good guess which one is falling the most. Bitcoin Cash yet again is getting hammered with a 9% plunge back to $85. Its rival Bitcoin SV is taking a similar beating and Stellar is not far behind with a 6% slide.
Most altcoins in the top twenty are losing 4-6 percent since yesterday at the time of writing. Only Ethereum Classic and Maker are treading water with no losses on the day so far.
As usual there are a couple of fomo pumps occurring and the lucky teams today include Dentacoin and Waves, the only two cryptos making double digits. Again, from the same script as the Friday dump, are the altcoins in pain today, namely yesterdays fomo spikes Bitcoin Private, DEX, WAX and Factom dumping double figures.
Total market capitalization is almost back to its lowest level for 2018. Dropping 3.7% on the day markets are just below $105 billion at the moment not far to go to set a new record low. After reaching a weekly peak of $117 billion markets have dumped back to last weekends low levels and the likelihood of them dropping further is high.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
Payments platform PayPal has so far avoided Bitcoin acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched an internal blockchain-based employee incentive program. A production of PayPals innovation lab, in San Jose, California, the platform took 25 strong team six-months to build and went live this November, according to
The post PayPal Gets into Blockchain, But Only Internally Among Employees for Now appeared first on CCN
This is a paid sponsorship by: - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com Good evening, Im still reporting on: Israeli Mayor Walls Work!, 2474 Synopsis: Despite the so-called caravan of migrants marching on the U.S. border at Tijuana, then attempting to storm their way across on live television, Democrats in Congress are still not convinced. The wall to the left is now the hallmark of racism, and besides, a mere fence will suffice just fine, according to their experts who, incidentally, are never named. So Tucker Carlson went out in search of someone with real-world experience l David Rubin, the former mayor of Shilo, Israel. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Stil...
In todays Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacias comment that miners dont vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin.
Founder of Digital Currency Group Barry Silbert revealed on Twitter recently that Venture Capital firms that invest in cryptocurrency-related startups have been reneging on their signed term sheet deals.
We've seen half a dozen fundraising deals fall apart over the past month after the lead pulled out. All is not well in crypto VC investor land
Good time to remind founders that a signed term sheet does not equal cash in the bank
Barry Silbert (@barrysilbert) December 12, 2018
Silbert later pointed out in the comments that most large deals were unaffected by this phenomenon. However, its t...
A few hours ago Bitcoin revisited its lowest level in 2018. After a week of down trending and failure to break key resistance levels this latest plunge comes as no surprise.
With a 5% slide Bitcoin dumped from $3,450 down to $3,284 during intraday trading. This repeats the yearly low it made almost a week ago on December 8. According to Coinmarketcap BTC fell sharply around 19.00 UTC after spending most of the week above $3,400.
Bitcoin reached $3,680 briefly on Monday but has been in a downward slide ever since, hitting the bottom a couple of hours ago before rebounding a little. At the time of writing BTC was trading at just over $3,300. It is the second time it has hit this level and is likely to stay there for a while before falling further.
Bitcoin has almost halved since the same time last month when it was trading closer to $6,400. Since all-time high, a year ago next week, Bitcoin has hemorrhaged 83.6% to its current low. Previous crashes have been worse however so the daddy of digital currencies is not out of the woods yet.
Analysts have predicted a fall to $3,000 which is looking more likely every day as markets weaken further. Fridays have been particularly painful in crypto land for the past few weeks. Last Friday saw a $15 billion dump to a new low for the year and previous ones have not been much better.
Total cryptocurrency market capitalization has not quite hit a new low at the moment but is very close to it. With a level of just below $105 billion at the time of writing it does not have that far to go and the weekend could see things plunge below the psychological barrier of $100 billion.
The near future sees no catalyzing factors to reverse this trend and crypto aficionados are pinning hopes on institutional heavyweights such as Bakkt and Fidelity getting their products off the launch pad.
The general public, fed by mainstream media FUD, has largely written off Bitcoin and cryptocurrencies as a flash in the pan. Only t...
The Deputy Prime Minister of Russia, Maxim Akimov believes the current downturn in the market justifies caution in enforcing cryptocurrency regulation, Russian Finmarket reports. This statement comes after Mr. Akimov announced that the authors of Russias current daft cryptocurrency legislation to make amendments to the bill. The bills On Digital Financial Assets- which was adopted
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Bitcoin price declined below the $3,200 support recently against the US Dollar. BTC could continue to face a lot of selling interest near the $3,350 and $3,375 levels.
Yesterday, we discussed the chances of a fresh weekly low below $3,200 in bitcoin price against the US Dollar. The BTC/USD pair did trade lower and broke the $3,295 and $3,260 support levels. The price even broke the $3,200 support area to signal a major bearish wave. A new weekly low was formed at $3,150 and it seems like the price remains in a significant downtrend.
During the decline, there was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair. The pair is now trading well below the $3,400 level and the 100 hourly simple moving average. It recently corrected above the $3,230 level and the 23.6% Fib retracement level of the last slide from the $3,491 high to $3,150 low. However, buyers struggled to clear the $3,265-3,300 resistance zone. The next major hurdle is near the $3,360 level. It coincides with the 61.8% Fib retracement level of the last slide from the $3,491 high to $3,150 low. Besides, the triangle resistance trend line is at $3,375 to prevent gains.
Looking at the chart, bitcoin price is clearly trading in a bearish zone below $3,375. There could be more losses below $3,150 and $3,000 in the near term.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is slowly reducing its bearish slope.
Hourly RSI (Relative Strength Index) The RSI is still well below the 40 level.
Major Support Level $3,200
Major Resistance Level $3,375
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The government of Venezuela has reportedly started converting pensioners monthly payments from the countrys fiat currency, the bolivar, to its oil-backed cryptocurrency Petro, without giving them a choice. According to the Caracas Chronicles, a politics and economics-focused website based in Venezuela, the countrys pensioners are notified every time their monthly payments arrive, but this time
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Bitcoin cash declined heavily and broke the $95 and $90 supports. Stellar (XLM), Tron (TRX) and Cardano (ADA) are currently under pressure and they may slide further.
During the past few hours, there was a sharp increase in selling pressure on bitcoin cash below the $95 support. BCH/USD declined more than 10% and traded below the $90 support. If the current decline extends, the price may slide further towards the $85 support.
If there is an upside correction, the price may find resistance near the $90 and $92 levels. On the flip side, a break below $85 may push the price towards $80.
Stellar price declined below the $0.1200 support area to move into a bearish zone. XLM is down more than 6% and it seems to be approaching the $0.1000 support area. On the upside, the previous support at $0.1200 may now act as a resistance.
Tron price remained stable and there was no major decline below the $0.0130 support. TRX price seems to be preparing for the next crucial break either above the $0.0150 level or below $0.0120.
Cardano price failed to stay above the $0.0300 support and declined recently. ADA price is down around 4% and it could extend the current decline towards the $0.0290 or $0.0285 support level.
Looking at the total cryptocurrency market cap hourly chart, there was a sharp bearish reaction near the $106.00B level and a bearish trend line. The market cap declined sharply and even spiked below the $100.00B level. It seems like the crypto market is under a lot of bearish pressure and the market cap could even decline below $98.00B, sparking more losses in Bitcoin,...
On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11
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While emerging assets are always turbulent, 2018 has been an especially violent year for the crypto markets. Lessons need to be learned.
Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650.
There was a decent base formed near $0.2920 in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.3000 resistance area. However, buyers struggled to clear the $0.3090-0.3100 resistance. As a result, the price declined below $0.3020 and the 100 hourly simple moving average. The price retested the $0.2920 support area, which is currently protecting further losses.
An initial resistance is the $0.3000 level and the 23.6% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. The stated $0.3000 level also coincides with the 100 hourly SMA. Above $0.3000, there is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. Therefore, the price is likely to struggle near $0.3000 and $0.3020 if it corrects higher. Above $0.3020, the next key resistance is at $0.3090-0.3100.
Looking at the chart, ripple price remains at a risk of a sharp decline if there is a break below the $0.2900-0.2880 support area. The next main support below $0.2800 is near the $0.2650 level where buyers may emerge.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently well below the 50 level.
Major Support Level $0.2900
Major Resistance Level $0.3020
1.00 AUD = 0.00022 BTC
0.00100 BTC = 4.60 AUD
Monex Group, a major Japanese financial services company and the parent company of cryptocurrency exchange Coincheck, has unveiled its plan to launch a crypto exchange in the U.S. next quarter. The company has also shared its expansion plans for Coincheck in Japan.
Tokyo Stock Exchange-listed Monex Group (8698.T) held a business strategy briefing session on Wednesday to outline its U.S. expansion plan through its subsidiary Tradestation.Oki Matsumoto.
The group acquired Coincheck, one of Japans largest crypto exchanges, after it was hacked in January. Tradestation, a U.S.-based wholly owned subsidiary of the group, offers online electronic brokerage services to individual and institutional traders.
Monex CEO Oki Matsumoto said at the briefing that Tradestation plans to offer virtual currency transactions in the first quarter of 2019, Reuters reported. Tradestation CEO John Bartleman was quoted by Coin Post as saying:...
No-action letters may be a way forward for crypto startups hoping to avoid securities classifications.
Ethereum price declined further below key supports against the US Dollar and bitcoin. ETH/USD could accelerate losses if there is a break below $80.
Recently, there was a minor upside move above $88 and $90 in ETH price against the US Dollar. The ETH/USD pair tested the $90 resistance area and faced a solid selling interest. As a result, there was a bearish reaction and the price declined below the $87 and $85 support levels. There was also a close below the $87 level and the 100 hourly simple moving average.
A new intraday low was formed at $82.99 and it seems like the price may decline further. It is currently correcting higher above $85. An initial resistance is the 50% Fib retracement level of the recent decline from the $90 high to $83 low. Moreover, there is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD. An intermediate resistance is the 61.8% Fib retracement level of the recent decline from the $90 high to $83 low. It seems like there is a cluster of resistances formed between $88 and $90. Therefore, as long as the price is below $90, it may continue to decline.
Looking at the chart, ETH price could even break the $83 support level. The next key support is at $80, below which the price will most likely accelerate towards the $75 level.
Hourly MACD The MACD is now back in the bearish zone.
Hourly RSI The RSI is currently well below the 50 level and heading towards 30.
Major Support Level $80
Major Resistance Level $90
The post Ethereum Price Analysis: ETH Could Extend Losses Below $80 appeared first on NewsBTC...
Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with
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Nvidias share price has fallen 48 percent since October. Now, rumors have surfaced that SoftBank plans to sell its 4.9 percent share in the leading graphics chip maker. Bloomberg reporting has cited anonymous sources who allege that SoftBank, which through its Vision Fund acquired around $3 billion in Nvidia shares in 2017, could sell all
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The Gitcash project has re-launched this week after taking a brief hiatus following the Bitcoin Cash hard fork. After returning, the Github tipping application has released a new splitting application for pre-fork bitcoin cash and this past Tipping Tuesday the Gitcash crew made it rain BCH on unsuspecting Github projects.
In June, news.Bitcoin.com reported on the Gitcash.io platform, an application that enables bitcoin cash (BCH) tipping natively on the Github software development website. After the BCH fork that resulted in a b...
BOB MORIARTYs Outlook On 2019 Video Proven and Probable In a wide-ranging conversation, Bob Moriarty of 321 Gold discusses with Maurice Jackson of Proven and Probable geopolitics, economics, Bitcoin, precious metals and more.
Declarations, partnerships, agreements - Europe is making moves toward blockchain adoption
Blockchain courses are being adopted by more institutions as a way of teaching and equipping the next generation of crypto engineers to meet the ever-increasing demand for the technology and its applications. Now, the University of California, Los Angeles (UCLA) is gearing up to offer its first blockchain engineering course, thanks to a sizable donation from
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The recent 2018 U.S. Emerging Jobs report by LinkedIn has found that the role of blockchain developer is the fastest growing job in the U.S. in 2018
On December 12, Boerse Stuttgart, the second-biggest stock exchange in Germany and the ninth-largest in Europe, said in an official statement that it plans to introduce a crypto trading platform by the second quarter of 2019. Alexander Hptner, the CEO of Boerse Stuttgart GmbH, stated: With its combination of technology and banking expertise, solarisBank is
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Two French legislators have made a number of proposals aimed at turning France into a leading force in the development of the industry built around cryptocurrencies. One of the ideas is to allow crypto mining companies to take advantage of preferential electricity prices.
As part of a parliamentary mission to explore the implementation of crypto and blockchain technologies in Frances economy, two pro-crypto deputies, Jean-Michel Mis and Laure de La Raudire, have put forward a proposal to recognize mining as an electro-intensive activity. That status woul...
U.S. fast food chain Churchs Chicken has started accepting Dash payments at its locations in Venezuela.
Finnish tax authorities have handed over information on 2,700
bitcoin traders to its Danish counterpart, Skattestyrelsen
According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450.
Right now we are identifying the individual citizens If something does not match, we will contact them and ask for more information, SKAT tax director Karin Bergen said in a statement.
This is probably just the tip of the iceberg. Although it is a relatively small bitcoin exchange, the information is a very valuable source, which clearly shows trends and patterns in the area. The knowledge we gain about data mining, segments and methods in general will make us wiser in the area and benefit from our guidance and control work, Bergen continued.
Bitcoin is a taxable asset under Denmarks 1903 Tax Act, which requires that taxes be paid on any goods purchased and resold for profit, and it is subject to a 53 percent capital gains tax, a hefty sum in line with other investments.
The news calls to mind a 2016 order the IRS issued to Coinbase, which asked that the U.S.-based exchange turn over the trading records and personal information of more than 480,000 of its users.
After a 12-month legal battle Coinbase won a partial victory and recognition of its customers right to privacy. When the court proceedings came to a head, the original order was reduced from 480,000 customer records to 14,000 who traded above $20,000.In 2014, the U.S. IRS declared that bitcoin was a taxable property that is subject to capital gains tax. In fact, any cryptocurrency trade, such as trading bitcoin for ether, is treated as a taxable event, something that crypto investors have grappled with ever since.
This article originally appeared on Bitcoin Magazine.
Cryptocurrency bull Tom Lee says bitcoins dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. Fair value is significantly higher than the current price of Bitcoin, he wrote
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Security token firm TokenSoft has acquired a stake in an SEC-compliant broker-dealer to expand the range of its services
A Lithuanian banking license has been obtained by Revolut, a banking and cryptocurrency app
Earlier today, two of the worlds hottest fintech startups, the US-based Robinhood and the UK-headquartered Revolut, separately announced new product offerings that could greatly benefit the crypto industry over the long-term and put pressure on bitcoin-hostile banks to begin modernizing their service lines. Bitcoin-Friendly Fintech Startups Want to Replace Banks Revolut, which recently achieved a
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Revolut, the London-based fintech unicorn that offers users a digital alternative to traditional banking services, has been granted a European banking license by regulatory authorities, allowing them to offer Europe-based users a plethora of digital banking services.
Revolut features an in-app exchange that allows users to gain exposure to five cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. The platform, which in many ways is a competitor to the US-based Robinhood, allows users to buy and sell crypto commission free, with the only cost being a 1.5% exchange rate markup to account for volatility.
On Thursday, the company announced that they had received a banking license from the European Central Bank (ECB), which will allow them to begin expanding their services across the continent, entering key markets like Germany, the U.K., France, and Poland, over the next year.
Revolut will offer users nearly all the services that traditional banks offer, including business and consumer lending, direct salary deposits, overdrafts, and up to 100,000 protection covered by the European Deposit Insurance Scheme.
Revolut, which offers users quick and simple access to cryptocurrencies, is opening between 8,000 and 10,000 accounts per day, and has plans to expand into the US, Canada, Japan, Singapore, Australia, and New Zealand, throughout 2019.
Nik Storonsky, the founder and CEO of Revolut, spoke to CNBC earlier this week, and said that the company already has a significant amount of users in the US waiting for accounts.
At the moment we have about 100,000 waiting in the U.S. without any marketing, he said.
As Revolut expands its services across the world and gains more users, it could potentially siphon a significant amount of money into the crypto markets due to the easy and cheap access it offers users.
In addition to offering easy access to crypto, Revolut also launched a debit card that allows customers to receive cash back denominated in one of the five cryptocurrencies offered on its platform. As more users begin shifting their traditional banking accounts to digital providers, like Revolut, it is plausible...
U.S. and U.K. internet users ask What is Bitcoin? more than any other What is? query
Gaming hardware producer Razer has upgraded its token-based reward system and launched a desktop miner that utilizes users idle processing power
Ohio Congressman Warren Davidson suggests building a border wall using crowdfunding, blockchain and wall coins
For a particular set of crypto users, the need for centralized exchanges is one of the biggest stumbling blocks on the road to a completely decentralized future. Not everyone is going to prefer to use Bitcoin, and not everyone is going to prefer to use Ethereum. Indeed, not everyone is going to prefer any cryptocurrency.
The post Crypto Protocol Wanchain Integrates MakerDAOs Dai Stablecoin appeared first on CCN
https://bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post.
The recently revealed funding round comes some months after the company raised $52.5 million in a round led by Galaxy Digital, including $1.55 million in funding from ConsenSys Ventures and PJC prior.
Akuna Capital led today's funding round, with participation from other investors, including Digital Galaxy Ventures, Susquehanna Government Products, Morgan Creek Digital and others.
The startup, who recently expanded overseas, says the funding would be used to grow its workforce and launch exciting new products, including a crypto savings account that earns interest and crypto-backed credit cards.
Zac Prince, BlockFi CEO, spoke with Bitcoin Magazine, on the funding and the new product lines.
He said the company plans to launch two separate credit cards. One would be similar to a prepaid card, where users will be able to spend funds that they receive from taking out a crypto-backed loan from BlockFis platform.
[The first] is like a debit or prepaid card where users can receive and spend loan proceeds from BlockFi. The amount they have access to will vary based on the amount of crypto they hold with BlockFi similar to how our loans work now.
The other would be an unsecured card with a credit line.
"Think of it like the Amex card, except that instead of cash back or airline miles you would receive Bitcoin rewards," he said. Both cards would be available in selected locations where BlockFi operates, though the firm has yet to choose a credit card company partner.
For the savings account, BlockFi would be using Geminis custody solution, which is the solution it uses currently for holding the cryptocurrency collateral for its loans. The company hasn't decided on the exact interest rate, but...
Dozens of U.S. businesses, public buildings, and more have been evacuated in response to a string of bomb threats currently sweeping the nation.
The person or persons making the threats, are demanding a sum of Bitcoin be sent to a wallet address, or are threatening to detonate a bomb, potentially harming many in the process.
Much of the United States spent the greater part of Thursday, December 13th, on edge and in fear of an attack from a Bitcoin scammer, threatening to detonate bombs at a number of locations across the country. The threats were sent via email using the subject line we can make a deal, requesting a sum of $20,000 USD worth of Bitcoin.
I write to inform you that my man has carried the bomb (Tetryl) into the building where you business is located, the threat letter reads, continuing there will be many victims in case of its explosion.
The letter goes on to threaten that if payment isnt received by the end of the working day the bomb will explode. The would-be bomber claims he and the other members of his group arent terrorists, but the situation is being treated as such by authorities nationwide.
Related Reading | Teenager Threatens to Blow Up Miami Airport Over Bitcoin Scam
At the moment, the threats to appear to be a hoax, and nothing more than an attempt to extort Bitcoin from the masses. The New York Police Department put out a bulletin on Twitter, warning the public of the threat, but also revealing that no devices have been found during numerous searches.
At this time, it appears that these threats are meant to cause disruption and/or obtain money, NYPD said in a statement, calling the threats not credible.
The bitcoin price failed to extend its bounce once again, weighed down by weak bulls. The BTC/USD rate on Thursday dropped as low as 5.38 percent from its intraday high at 3488-fiat. The pair at press time is forming lower lows towards 3300-fiat on a strong volume jump on Coinbase. It expects to extend its
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Bitcoin advocate Tom Lee has stated that the fair value of Bitcoin is significantly higher than its current price, and could reach as high as $150,000
Representative Warren Davidson has suggested using a cryptocurrency to crowdfund a wall on the Mexican border.
Basis CEO has confirmed the stablecoin will shut down, citing regulatory concerns around its secondary tokens
On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the regions central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.
Revolut is a UK-based digital currency company that allows people to purchase, sell, and store cryptocurrencies like bitcoin cash, ripple, ethereum, and others. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has raised $336 million since its inception. On Dec. 13 the team revealed it was approved by the European Central Bank for a banking license that allows the company to provide more financial services to customers. Revolut has explained that at first everything will be done behind the scenes so that the company will eventually be able to offer full current accounts, overdrafts, and other traditional financial services.
If you choose to open a full current account with Revolut Bank in the future, any f...
Yesterday, US Rep. Warren Davidson (R-OH) stated in an interview with NPR that blockchain technology could potentially be used as a means to fund the border wall that has become little more than a political football in Congress, with President Donald Trump recently threatening a government shutdown if congressional Democrats fail to deliver funding for the Continued
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Bitcoin has been unable to stabilize above $3,500 which has led to a widespread sell-off that has sent most cryptocurrencies down 2% or more. Despite todays drop, many altcoins have been able to maintain their recently established levels of support.
At the time of writing, Bitcoin is trading down 1.8% at its current price of $3,440, down marginally from its 24-hour highs of $3,550. Earlier this week, Bitcoin climbed to highs of nearly $3,700 before quickly being pushed downwards, signaling that this price level could be a level of resistance for Bitcoin.
Over the past several days Bitcoin appears to have found support at $3,400, bouncing slightly when this price was touched on both today and this past Tuesday.
As Bitcoin continues to range between $3,400 and $3,700, one analyst claims that the likelihood of a bounce is continually decreasing.
While speaking to MarketWatch regarding Bitcoins sideways trading in the mid-$3,000 region, Jani Ziedins of CrackedMarket said that the longer any asset trades at a low price, the less likely it is that the asset is oversold.
Bitcoin continues to muddle along in the mid-$3k range. The longer we maintain these levels, the less likely it becomes that prices are oversold and poised for a pop. The public has largely written cryptocurrencies off as a fad and no new money is coming in. The lack of demand will continue to be a big liability.
Although there are no catalysts for a price run in the near-future, the release of institutional-aimed products throughout 2019, like the ones being offered from both Bakkt and Fidelity, could lead to both an influx of funding as well as an influx of positive news from the mainstream media regarding the cryptocurrency markets.
Bitcoins inability to stabilize above $3,500 has led the altcoin markets to drop slightly, although they have generally held steady above their recently established support levels, which were formed earlier this week when Bitcoin fell to $3,400 from $3,700.
Ethereum is one of todays best performing altcoins and is currently trading down 0.5% at its current price of $91. Earlier this week, Ethereum fo...
One goal of the incubator is to foster projects that could get their tokens listed on Binance's exchange.
South Koreas largest messaging app operator, Kakao, has invested in Israeli blockchain startup, Orbs
Tyler Cowens Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals is a well-reasoned moral argument for how we should behave as a civilization. It makes two main points: First, we should take a longer view of things. Right now we place too high a discount rate on the future, when in fact most of humanity is there. This leads to the second conclusion: that almost everything else we attempt to do to help the world is far less effective than just increasing the economic growth rate. My only complaint about the book is that I was left wanting more. I wish Mr. Cowen had gone into more detail, for instance, about individual freedoms vs. economic growth. There are inevitably trade-offs between the two, and he doesnt delve into how we should make these decisions.
Mr. McCaleb is a co-founder of the cryptocurrency ventures Ripple and Stellar.
The crypto market may have taken a tumble this year, but that has not diminished interest in the nascent technology. Crypto User Base Booms amid Price Decline According to a report by the Cambridge Center for Alternative Finance, a research center at the University of Cambridges Judge Business School, the number of crypto users has Continued
The post Mainstream: 2018 Brought 54 Million New Crypto Users Despite Bear Market appeared first on CCN
Gaming hardware manufacturer Razer has launched an app that rewards users for mining, but not with crypto or cash.
After experiencing a small rebound yesterday, crypto markets are seeing another mild slump today, Bitcoin hovers around $3,400
Having strong passwords is important for everyone in todays world as it is full of hackers and other cyber criminals. And as cryptocurrency is value stored in code, it is no surprise that its owners are among the most paranoid about their data security. However, strong keys arent worth much if you cant remember them.
Dashlane is a New York-based password manager app with reportedly ten million users around the globe. It also features a digital wallet for aggregating credit cards and bank accounts. On Wednesday, the company released its third annual Worst Password Offenders list, highlighting high-profile individuals and groups that had...
Menlo Park-based Robinhood has launched savings and checking accounts for its US customers, according to a company blog post. The new accounts would follow the similar trend that we have become accustomed to: fee-free, commitment-free and surprise-free were the words used lavishly on the companys website. Robinhood, which operates a crypto trading platform in addition to Continued
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Basis, the most well-funded stablecoin startup, says it couldn't overcome regulatory hurdles and is returning money to its investors.
Global consulting group PwC partners with mining company Bitfury to launch a business blockchain accelerator in Russia
Outspoken Bitcoin bull Tom Lee is one of the cryptocurrencys biggest cheerleaders, and has made a number of lofty price predictions that have unfortunately fallen short.
With the price of Bitcoin hitting new one-year lows after the break of critical support at $6,000, Lee is now saying that Bitcoin is currently extremely undervalued, by as much as $10,000. Hes also uncharacteristically declining to make any future predictions on the cryptocurrencys price.
While speaking to Bloomberg, Fundstrat Global Advisors head of research, Thomas Lee, refused to offer an amended year-end forecast for Bitcoin, saying he was tired of people asking us [Fundstrat] about target prices. Lee has made some bold predictions in the past, making a call back in May claiming that the cryptocurrency would reach $25,000 by the end of the year.
Related Reading | The Future is Brighter Than Ever for Crypto, Says Roger Ver
Not only did Lees lofty prediction not come true, he missed his target by over 85% unless Bitcoin makes a sudden, sharp recovery. Given the current market sentiment, reaching Lees year-end target would seemingly be impossible, which may explain Lees reluctance to make another prediction. Lee later lowered that prediction to a more modest $15,000, but even that target is a far way off.
Without making another specific prediction, Lee did point to Bitcoins price being fairly valued at $150,000 per BTC if the amount of wallet addresses can reach 315 million, which would be 7% that of VISAs 4.5 billion accounts.
According to Lee, Bitcoins fair value is between $13,800 and $14,800 making the leading cryptocurrency by market cap undervalued by more than $10,000. Lee based his fair value figure on the number of active wallet addresses, the amount of transactions across each account, and the overall supply.
Fair value is significantly higher than the current price of Bitcoin, Lee explained.
Bitcoin recently breached a repeatedly-tested price floor at $6,000 sending the mark...
According to a recently published study, the number of crypto users nearly doubled in the first three quarters of this year
STO facilitator TokenSoft has acquired interest in a regulated broker-dealer to provide services that were previously impossible for the firm.
The threats generally claim explosives were placed in a building and demand a bitcoin ransom in exchange for removing a nonexistent bomb.
Businesses, schools, hospitals, and other institutions around the country received what appeared to be hoax bomb threats in their email inboxes Thursday, demanding ransom payment in bitcoin in exchange for not blowing up their facilities.
A new study confirms the crypto industry has a lot of progress to make to bridge the gender gap. It shows that startups conducting ICOs are still markedly male-dominated over 85 percent of the team members in the surveyed companies are men. The data also suggests women are even less likely to hold executive and advisory positions.
Also read: New Platforms Track Major Stablecoin Markets
The research conducted by Longhash covers 100 upcoming initial coin offering (ICO) projects listed by ICO Rating, a website that tracks new token sales. The crypto analysis platform has collected data about the overall gender balance of each team, the number of female executives, including founders, as well as the share of women among their advisors.
Opera browser has launched its Web 3-ready browser for Android, with crypto wallet integration, support for Ethereum and interactions with DApps
UAE Exchange has partnered with Ripple to launch blockchain cross-border remittances to Asia by Q1 2019
RippleNet, the blockchain-based global payment network of Ripple, is set to increase its footprint in the Middle East with a United Arab Emirates-based remittance firm set to unveil cross-border payments using the technology. According to Reuters, remittance firm UAE Exchange will roll out RippleNet-powered cross-border remittance services to Asia in the first quarter of 2019 Continued
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South Korean messaging giant Kakao has led an over-$15 million crypto investment in Israeli-based public blockchain project Orbs.
On December 13, Frank Chapparo at The Block reported that Basis, a crypto stablecoin project that raised around $133 million in April, is terminating its operations and is in the process of returning the capital it raised to its investors. The project was funded by some of the largest venture capital firms in the technology space
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Canadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada.
Also read: The Digital Revolution Increases Sovereignty
The Montreal-based financial technology company Shakepay provides digital currency applications for Canadians. Since 2015, the Shakepay application has provided users with the ability to purchase and sell bitcoin core (BTC) in a quick fashion. The company has serviced over 40,000 customers and has processed well over $30 million in BTC since its inception. The Shakepay Change feature is a...
Blockchain startup Civic has hired Apple veteran Phillip Shoemaker as executive director of Identity.com.
USD-backed stablecoin Paxos Standard (PAX) has exceeded $5 billion worth of transaction volume
Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the Amazon of banking. Revolut to Offer Bank Accounts in Europe The London-based unicorn, which remains one of the hottest fintech startups in the United
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New French governmental report highlights Bitcoin mining and blockchain investment
Blockstack limited its access to funds raised last year, so it couldn't spend faster than it gained traction. Now that's paying off.
The Venezuelan govt has reportedly converted pensioners most recent monthly bonus into its national oil-backed cryptocurrency, the Petro
Port scanning attacks mean some Ethereum users and miners can lose their holdings to hackers
The bear market that the crypto industry is facing has had a lot of adverse effects, with companies shutting down services and laying off staff members in their droves. Japanese cryptocurrency exchange Coincheck seems to be the latest company to feel the brunt of the dire crypto market state, according to reports from Nikkei Asian
The post Bear Market Hinders Coinchecks Stabilization Effort after $530 Million Theft appeared first on CCN
Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.
Amid a multi-month bear market in crypto land, this industrys leading startups have still shot for the stars. Case in point, leaked documents indicate that a distinguished crypto exchange, Kraken, is seeking to be valued at a jaw-dropping sum, which may place the platform among the ranks of Earths foremost startups. While the firms appetite for grandeur is respectable, analysts fear that the startup could be well overshooting the mark.
According to an exclusive report from Finance Magnates, Kraken, a U.S.-centric crypto exchange and long-time industry participant, is discerning whether it should issue a private offering for bigwig investors, not Main Street. In leaked emails gathered by the aforementioned financial news outlet, if the San Francisco-headquartered platform, championed by Bitcoin (BTC) savant Jesse Powell, decides to go ahead with a private placement round, it will self-value 100% of its shares at $4 billion. Yet, it remains to be seen how much Kraken is seeking to garner via its first share offering.
Kraken reportedly stated that the minimum investment for its proposed round will be $100,000, disallowing a majority of retail investors, especially those non-accredited, from throwing money at the leading cryptocurrency exchange. The company message, specifically targeted at Krakens high volume and well-known clients, will reportedly have until December 16th to show interest in the potentially once in a lifetime offer.
Explaining its reasoning behind the push for a larger war chest, the exchange noted that it sees the currently depressed industry as ripe for disruption, due to the innumerable opportunities for bigwigs and household names to acquire promising crypto startups. Reassuring investors, the company added that it isnt in a financial bind due to Bitcoins 82% decline off its all-time highs, citing its significant reserves likely garnered when Kraken was founded in mid-2011.
The companys intent to acquire startups en-masse may be a valiant effort, but some say Kraken isnt ready, more so when you look at its proposed self-valuation. Andrew Rennhack, a crypto-friendly markets researcher and analyst, recently took to Twitter to break down the American startups private placement.
1/ Kraken valuing itself at $4B. According to bitcoinity, they did $1B in btc trading vo...
In Thursdays installment of The Daily, we report on a highly anticipated stablecoin project thats failed before its even launched, and explore the strangely centralized world of crypto Twitter. First though, well start with the news that a third party app has made it possible to pay for your Uber ride using BTC.
Fold, an app dedicated to making it easy to spend BTC in the real world, has added one of its biggest integrations yet. We are excited to welcome Uber to Fold lineup, explained the team in a blog post. You can now use bitcoin to purchase your next Uber ride. Simply select the dollar amount, send your bitcoin, and then ride safely to your next event. The app, which also enables BTC to be spent...
The second largest stock exchange in Germany, the Stuttgart Exchange Group and the banking institute SolarisBank are joining forces to create infrastructure for a zero-fee crypto exchange. While some digital currency fanatics welcome large banking establishments into the crypto-affray, others believe it goes against the decentralized nature of cryptocurrency. However, you cannot stop the market Continued
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Bitcoin is consolidating below $3,500 for the third day straight, but is a bull move building?
Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoins rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms.
In recent months, stablecoins, cryptocurrencies tied to an asset deemed stable (ex. U.S. dollar, gold, etc.), have seen an unparalleled rise to prominence. Collaborating with Coinbase, Boston-based Circle launched USD Coin (USDC), while Winklevoss Twins-led Gemini, Paxos, and other leading startups also joined the fray with their own promising forays into the stablecoin realm. Although a majority of these ventures, namely USDC, have been deemed a resounding success, as such crypto assets could challenge Tether (USDT) in due time, some projects of the same sort havent fared well.
Per an exclusive report from The Block, Basis, a stablecoin project headed by three Princeton University graduates, will be shuttering its blinds after seven months in operation.
The American startup got off to a hot start in April 2018, raising over $133 million dollars from well-known venture groups, such as Google Ventures (GV), crypto-friendly Andreessen Horowitz, and Bain Capital. What set Basis apart from Tether, the controversial stablecoin purportedly integrally linked to Bitfinex, was its intent to use an algorithm-based central bank and a multi-crypto asset ecosystem, with such features allowing the startups native stablecoin to inflate and deflate just like a real currency.
Although the brains behind the operation had high hopes for their venture, which garnered notable levels of traction from leading venture funds, as noted earlier, Basis has folded its cards in a surprising turn of events.
People familiar with the matter told The Block that Basis, even with support from the likes of Andreessen Horowitz, ran into regulatory headwinds as it attempted to launch its in-house crypto as...
According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britains Financial Conduct Authority. Utterman said: You should outlaw it [crypto]. I am personally surprised that regulators havent stepped in harder. Regulators Arent Outlawing Crypto Continued
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This year has undoubtedly been the worse one for cryptocurrencies in terms of prices but it is not all doom and gloom as adoption is growing as actual usage of cryptos is on the up.
With a dump of around 87% since January, crypto markets are on the floor showing no signs of recovery. Many industry observers have predicted further losses and the mainstream media is gleefully publishing a torrent of FUD.
According to a study from the Cambridge Centre for Alternative Finance the number of verified users of cryptocurrencies almost doubled in the first three quarters of the year as reported by Bloomberg. The research indicates that the actual figure has climbed from 18 million last year to 35 million users in 2018. In 2016 there were an estimated 5 million cryptocurrency users.
The study goes on to look at cryptocurrency accounts claiming that this figure has also jumped from 85 million in 2017 to 139 million this year. The signs are positive for an eventual market recovery as increased users will lead to greater adoption which in turn will boost digital token prices.
It was suggested that most users are speculators or long term investors, hodling whatever they have accumulated as selling in current conditions will lead to heavy losses for the majority.
Conforming with popular narratives, survey data indicates that the majority of users both established as well as new entrants are individuals and not business clients. Individuals can be hobbyists, retail investors, consumers, or users seeking a better investment or payment alternative, the study said before adding Growth rates were at their highest in 2017, and the number of new user accounts as well as ID-verified users continued to rapidly grow in 2018 as well,
Increasing user numbers has resulted in a massive boom for crypto exchanges which are still aggressively expanding despite the market meltdown. Binance still tops the charts for adjusted daily trade volume according to Coinmarketcap, however that too has plummeted from over $2 billion per day to around $400 million where it currently is.
Crypto markets are currently a few billion away from their all-time low of t...
Overstock's blockchain arm, Medici Ventures, has big plans for 2019, as the e-commerce giant moves towards a February sale.
This past week has seen Latin American peer-to-peer markets continue to set records for trade volume. For the week ending Dec. 8, Argentina and Venezuela posted a new record for Localbitcoins trade when measured in fiat, while Colombia, Peru, and Venezuela also posted records for trade measured in BTC.
Argentina posted a new record for fiat P2P trade volume on Localbitcoins this past week, with over 9.4 million pesos worth of BTC changing hands. The week also saw a significant uptick in the number of BTC traded, with the 65 BTC comprising the most bitcoins traded in a single week since March 2017....
The Exodus 1 is HTCs cryptocurrency and blockchain oriented phone. Its designed as a native blockchain mobile and to work securely with cryptocurrency and decentralized applications (dApps). Revealed in a recent tweet by co-founder Brendan Eich, who also developed the Firefox Mozilla browser, Brave will be HTCs default browser. We are very happy to have Continued
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Germanys second-largest stock exchange, Boerse Stuttgart, is set to launch crypto trading in H1 2019, with ICO token trading coming later.
This years bear market has seen most of the top cryptocurrencies hemorrhage over 80% as they plummet from those lofty heights made almost a year ago. Some have fared better than others and Ripples XRP token has been one of them. Crypto technology, however, is still in need of vast improvement, at least according to the chief technology officer at the fintech firm.
Ripple has been one of the most pro-active blockchain companies during the downturn as it continues to sign up banking and finance partners to RippleNet and offer services based on XRP. The token itself may well be down 90% from its peak at over $3.50 but it has managed to usurp Ethereum and is now the second largest cryptocurrency on the planet.
Many have asserted that greater adoption will be the catalyst to reverse the trend and send crypto markets on the road to recovery. Ripples CTO, David Schwartz, however believes that the technology needs improving before that can happen.
The 2017 bull run saw crypto prices surge thousands of percent in a short space of time which led to their store of value being far greater than their potential for use. This catalyzed the inevitable selloff as adoption of a new method of money movement never actually happened.
According to Forbes some fear that the current problems cryptocurrencies face such as centralized exchanges, security and hacking concerns, and lack of regulation could put people off using them for their intended purpose.
I dont want the adoption to get ahead of the technology. It took a long time for the internet to get to the point where it was suitable for anybody to use it and you didnt have to really understand the technology in great detail in order to be able to get it to work, Schwartz said on a recent podcast.
Difficulties using cryptos such as setting up wallets and navigating often clunky exchanges may be holding back that adoption that the industry so badly needs. On the flip side, crypto offerings from the institutional heavyweights such as Bakkt and Fidelity could be the on-ramp for greater adoption.
True global adoption will only really take off when the volatility is tempered. Using a digital token to buy a coffee where the price can change by several percent by the time it is poured is not practical by...
Opera has announced the public release of its "Web 3-ready" Android web browser featuring an ethereum wallet.
Tech giant IBM has hinted that telecommunication firms in India could soon be using blockchain solutions in mobile number portability and in the Do Not Call registry. According to the IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan, the tech giant could launch blockchain solutions focused on Do No Call registries Continued
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Crypto markets are still on the floor today as there has been no sign of even a minor recovery. The bears have kept the pressure on and prices are still sinking as total market capitalization continues to fall below $110 billion.
Bitcoin has slid back again falling close to $3,400, down 3% or so from a high of $3,530 it reached yesterday. BTC is down 11% from the same time last week when it traded above $3,800 and is dangerously close to hitting another 2018 low.
Ethereum is still flat with very little going on as it remains just below $90 for another day. The top ten is mostly in the red but losses are much smaller than previously. Bitcoin Cash has taken the biggest hit again of 3% as it slides into oblivion below $100. This has enabled EOS to flip it and take sixth spot with a minor gain on the day to $1.90. There has been very little movement for the rest of the altcoins in this section.
The top twenty is a mixed bunch of half red half green. Dash, Zcash and Nem are still falling back slightly but the big mover at the moment here is Tezos which has jumped 6% on the day. A listing on Huobi Global yesterday is driving momentum for XTZ.
Huobi Global (@HuobiGlobal) December 13, 2018
There are a couple of altcoins in the top one hundred getting a dose of fomo at the moment and they include TenX climbing 17% followed by Bitcoin Private and DEX up 14%, Waves also...
Judge Business School, a subsidiary of the University of Cambridge, has published its second annual report into the cryptoconomy. Its inaugural report surfaced in April 2017, just as crypto mania was exploding. A lot has happened in the ecosystem since then, and the schools new 96-page report covers a good portion of it, with a particular focus on cryptocurrency mining, exchanges, storage, and payments.
Within days of cryptocurrency enthusiasts being treated to a 59-page health check in The State of Bitcoin, a second weighty tome has hit their desks. Cambridge Universitys Global Cryptoasset Benchmarking Study is as comprehensive as it sounds. Not only is the reference report pac...
Over the past 48 hours, the Bitcoin price has stabilized at around $3,400 after dropping to a new yearly low at $3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $3,210 to $3,400 but the cryptocurrency market has lost $14 billion of its valuation against the U.S. dollar mostly Continued
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A Peak Inside The Worlds First Cryptographic Silver Monetary System Video KitCo News Kitco News own Daniela Cambone speaks with David Smith of LODE to explore how a new project attempts to tie silver to blockchain technology. Video Source
The post A Peak Inside The Worlds First Cryptographic Silver Monetary System (Video) appeared first on The Daily Coin.
Bitcoin price struggled to gain pace above $3,475 and retreated against the US Dollar. BTC remains at a risk of more declines below the $3,250 support level.
Recently, bitcoin price started a short term upside correction from the $3,295 low against the US Dollar. The BTC/USD pair traded above the $3,400 resistance and the 100 hourly simple moving average. Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $3,635 high to $3,295 low. The price succeeded in clearing a major bearish trend line with resistance at $3,400 on the hourly chart.
However, buyers struggled to clear the $3,475 and $3,485 resistance levels. A short term top was carved near $3,485. It seems like the price was rejected near the 50% Fib retracement level of the last decline from the $3,635 high to $3,295 low. It broke an ascending channel with support at $3,405 on the same chart. There was also a close below the $3,400 level and the 100 hourly SMA. The current price action suggests that the price may decline towards the $3,295 low or the $3,250 support. If sellers remain in action, the price could decline to a new weekly low below $3,240.
Looking at the chart, bitcoin price may continue to trade in a range below $3,475. It could either bounce back from $3,295 or break the $3,250 support for an extended decline.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is back in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI is now placed well below the 50 level.
Major Support Level $3,295
Major Resistance Level $3,475
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Password management and crypto custody company Dashlane yesterday announced the third edition if its annual Worst Password Offenders list, with cryptocurrency investors sitting at number three on the list. The purpose of the tongue-in-cheek ranking is to highlight password-related mistakes made by high profile individuals and organisations so as to sensitise the public about best Continued
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The total crypto market cap moved higher recently above a key resistance. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) may perhaps climb higher in the near term.
Bitcoin cash price failed to stay above the $100 level and it recently declined more than 3%. BCH/USD traded towards the $98 support and it is currently consolidating losses. If there are more losses, the price could test the $95 support in the near term.
On the upside, the price must gain strength above the $100 and $105 resistance levels. Above $105, the next key resistance for buyers is near the $110 level.
After a sharp decline, EOS price found support near the $1.50-1.60 area. Later, the price recovered above $1.75, but it seems to be struggling near the $1.95 and $2.00 resistance levels. Today, it climbed around 3.5%, but a break above $2.00 is needed for a sustained bullish bias.
Tron price surprisingly remained confined in a tight range above the $0.0130 support. Buyers are struggling to break the $0.0135 level and sellers are finding it difficult to break the $0.0130 support zone.
Cardano price survived and moved back above the $0.0300 resistance. ADA price is currently up around 2.5% and it could continue to move higher towards the $0.0310 and $0.0315 resistance levels.
Looking at the total cryptocurrency market cap hourly chart, there was a break above a major bearish trend line with resistance near the $105.00B level. The market cap climbed higher, but it failed near the 50% Fib retracement level of the recent decline from the $115.09B to $102.05B. It is currently moving lower, but sooner or later, there could be a fresh upward move. Therefore, there are chances of a short term recovery in...
Zebpay, formerly one of Indias largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app.
Zebpay announced on Tuesday that its European exchange is now live. We have recently expanded our global footprints in Europe with our exchange and wallet enabling crypto-to-crypto trading, the company wrote, adding:
We are live with euro deposits/withdrawals and trading in 21 countries (Malta, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovenia, Sweden, Austria) in Europe for users and corporate...
Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD could dip slightly before an upward move towards the $0.3100 and $0.3150 levels.
After forming a support near the $0.2920 level, ripple price traded higher against the US Dollar. The XRP/USD pair broke the $0.2980 and $0.3000 resistance levels to move into a positive zone. There was even a break above the 50% Fib retracement level of the last slide from the $0.3180 high to $0.2916 low. Moreover, there was a break above the $0.3060 resistance and the 100 hourly simple moving average.
Besides, this weeks important bearish trend line was breached with resistance at $0.2980 on the hourly chart of the XRP/USD pair. It cleared the path for more gains and the price traded close to the $0.3100 level. A high was formed at $0.3090 and later the price retreated lower. It recently traded below the 50% Fib retracement level of the recent wave from the $0.2916 low to $0.3090 high. On the downside, there are many supports near the $0.2980 and $0.2940 levels. Therefore, if the price dips from the current levels, it may find bids above $0.2920.
Looking at the chart, ripple price is likely to resume its upward move above $0.3060 as long as it is above $0.2920. The main resistance levels on the upside are $0.3090 and $0.3100, followed by the $0.3150 area.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD moved back in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD just moved below the 50 level.
Major Support Level $0.2920
Major Resistance Level $0.3090
The post Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100 appeared first o...
Culturally broken? A frustrated crypto entrepreneur argues 2018 was a money grab filled with broken promises.
Major algorithmic stablecoin project Basis to shut down operations and return the majority of the $133 million it raised in April, sources report
Ethereum price failed to extend gains and declined against the US Dollar and bitcoin. ETH/USD might continue to face sellers near the $90 and $92 resistances.
There was a decent support formed near $95 in ETH price against the US Dollar. The ETH/USD pair started a short term upside correction and traded above $88 and $90. There was a break above the 23.6% Fib retracement level of the last slide from the $98 high to $85 low. However, the failed to gain pace above the $90 level and the 100 hourly simple moving average.
The price was rejected near the 50% Fib retracement level of the last slide from the $98 high to $85 low. Moreover, this weeks followed important bearish trend line is active with resistance at $90 on the hourly chart of ETH/USD. The pair retreated from the $91-92 zone and declined below the $90 level. At the moment, it seems like the price may continue to decline towards the $85 support level. If there is a downside extension, the price could revisit the $82 support zone. On the upside, a close above the $92 level and the 100 hourly SMA is needed for a bullish break.
Looking at the chart, ETH price is clearly trading near a major turning point above $82 and $85. If it fails to climb higher, it could even break $82 and drop towards the $75 support level.
Hourly MACD The MACD has moved back in the bearish zone.
Hourly RSI The RSI dropped below the 50 level, with a bearish angle.
Major Support Level $85
Major Resistance Level $92
The post Ethereum Price Analysis: ETH at Potentially Significant Turning Point appeared first on NewsBTC.
On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple.
Bitpoint is a licensed cryptocurrency exchange operator headquartered in Tokyo that has just announced the companys first international expansion in Latin America. It already operates trading platforms in five Asian countries and the latest exchange is called Bitpoint Panama. The Japanese firm has detailed that citizens of Panama as well as corporate entities within the region can use the exchange. Mea...
Two pro-crypto members of the French Parliament (Parlement franais) want the country to invest up to 500 million euros in blockchain programs to elevate France as a blockchain nation. Deputies Jean-Michel Mis and Laure de La Raudire released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain, Continued
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12 new organizations have joined the blockchain initiative Hyperledger, including Alibaba Cloud, Citi and Deutsche Telekom, among others
A blog post from the University of Oxford Faculty of Law notes the possible precedent for lost and stolen crypto claims following a recent trial in Canada
Circles Invest app now providers users the ability to buy Bitcoin SV (BSV), according to a tweet from the company this morning. CCN verified that BSV is available in the application as of its latest version. The application has over 50,000 installations on the Google Play store, making it significantly less popular than Coinbase, which Continued
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Google has just published its annual Year in Search query statistics for 2018 and the biggest question of last year was What is Bitcoin? According to Google Trends, searches for the term Bitcoin have declined rapidly since 2017, but web users querying its definition led internet searches last year.
In 2017, one of the biggest terms searched on Google was Bitcoin as the price rose significantly throughout the whole year. However, following all-time highs, bitcoin prices declined exponentially in 2018, losing roughly 80 percent of the gains captured up until Dec. 17, 2017. With the price decline in 2018, interest in the technology also lost momentum, as reflected in waning Bitcoin Google searches. There was one cryptocurrency related query that topped Googles Year in Search results for 2018 however and that was: What is Bitcoin?...
According to SamMobile, the biggest online Samsung community, the electronics giant is planning to integrate a cold wallet system into its upcoming Galaxy 10. Adnan Farooqui, the senior executive editor at SamMobile, wrote: After hearing about the trademarks for Samsungs blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm Continued
The post Why Samsung Plans to Integrate Crypto Cold Storage in its S10 Series appeared first on CCN
A U.S. federal court has ordered the founders of crypto startup AriseBank to pay $2.7 million for allegedly defrauding hundreds of investors in its Initial Coin Offering
According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority Continued
The post Stablecoins are Beginning to See Traction Outside of Crypto Exchanges appeared first on CCN
The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTCs scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP.
A major Ethereum software client, Geth, has released a code upgrade that includes an activation time for the Constantinople hard fork in January 2019
The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make moderate to significant blockchain investments over the next three years, according to a report by the IBM Institute Continued
The post 62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years: IBM Study appeared first on CCN
Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.
Razer, the multi-billion-dollar gaming equipment manufacturer, released a new program that allows gamers to easily utilize their idle GPUs to mine cryptocurrency. The catch to this seemingly simple program, however, is that users dont actually get to keep the cryptocurrency they mine.
The new program, called SoftMiner, allows PC users to utilize their expensive GPUs while they are not using their computers, whether that be while they are at school, sleeping, or at work, and in exchange Razer rewards them with something called Razer Silver.
The San Francisco and Singapore-based tech company announced the program in a tweet earlier this morning, marketing their new program as a way to earn rewards for doing nothing at all.
Have a gaming rig on idle at home? Heres a new way to score Razer Silver: launch Razer SoftMiner on your PC and start racking up Silverone step closer to the reward you want, for doing nothing at all.
Once the software is downloaded, it will automatically activate the PCs GPU when the computer is not in use and will disburse Razer Silver rewards depending on how much cryptocurrency is mined over a set period of time. Razer has not specified which cryptocurrency will be mined.
Although SoftMiner seems like a simple way for users to obtain rewards points that can be exchanged for coveted Razer rewards like our latest peripherals, games, discount vouchers, and more, users could run mining software themselves and cash out their cryptocurrency for fiat currency.
Razer claims that with the proper set-up, users can generate up to 500 Razer Silver credits per 24-hour period, which basically amounts to $1.67 per day worth of rewards based on a $5 Razer reward costing 1,500 credits.
The comments on the Razer SoftMiner announcement on Twitter signal that nobody is too excited about this new program.
One user wrote Seriously? This is an early April fools joke right? While another user referenced the high cost of electricity incurred while mining c...
IOHK, a leading blockchain research and development firm, announced two tools developed by a world-leading team for writing smart contracts for the Cardano blockchain. The apps are called Plutus and Marlowe and were launched in test format at the first PlutusFest conference in Edinburgh, Scotland. These powerful tools will enable start-ups, the financial services and Continued
The post Cardano Founder Charles Hoskinson Explains Why ADAs New Smart Contract Tools are a Boon for Fintech appeared first on CCN
The SEC has settled charges with AriseBank's former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.
The head of one of Europes largest asset managers, Allianz Global, has called for global regulators to outlaw crypto assets. The outburst from CEO Andreas Utermann came during a panel discussion in London.
Allianz Global Investors chief Andreas Utermann called for cryptocurrencies to be banned on Tuesday during a panel discussion. You should outlaw it, he is reported to have told regulators.
Utermann, who previously worked at Merrill Lynch Investment Managers, went on to say that he was personally surprised regulators havent stepped in harder and that cryptocurrencies had wiped out peoples savings, Reuters...
Crypto markets are seeing modest gains, with all the top 20 coins trading in the green today
The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at 3210-fiat, after which Continued
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Just days after been named the hottest download on the iOS application store, Squares cryptocurrency-friendly Cash App has risen to the top of another chart. This time it has been named as the most downloaded financial application on the other leading operating systems app store, Google Play.
Although obviously quite impressive in its own right (the Cash App is currently being downloaded more than offerings from competitors PayPal and Venmo), the news is all the more exciting because of Squares fondness of all things cryptocurrency. The app not only offers Bitcoin buying and selling but is also headed by digital currency perma-bull Jack Dorsey.
It was only yesterday that NewsBTC reported on the Square Cash app rising to the top of the most downloaded applications on the Apple iOS store. The news first broke by way of a Twitter announcement from the companys cryptocurrency specialist, Miles Suter:
Miles Suter (@WahWhoWah) December 8, 2018
Fresh on the back of this news, we have a very similar story, first reported by Breaker. This time it involves Squares Cash App making it to the top of the Google Play Store for financial applications. Whilst not quite as impressive as being the overall number one downloaded application on the iOS platform, it is still exciting news for all those with a vested interest in Bitcoins widespread adoption.
Since Square is owned by one of the most vocal proponents of cryptocurren...
A Canadian trial court has ruled that a sum of mistakenly transferred Ethereum tokens should be returned to the rightful holder
Churchs Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept cryptocurrencies throughout its locations in Venezuela. According to a press release, a strategic alliance between Dash Venezuela and Churchs Chicken Venezuela will see 13 establishments start accepting the privacy-centric cryptocurrency Continued
The post Venezuela: Churchs Chicken Accepts Crypto Payments after KFC Denies Rumors appeared first on CCN
Hyperledger has added 16 new members, including Deutsche Telekom, Europe's biggest telecommunications provider and Alibaba's cloud computing subsidiary.
Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software development business.
According to prosecutors, Mark Karpeles falsified Mt. Goxs trading system to make customer balances appear healthier than they in fact were. He also acted in violation of the countrys corporate law, Japanese daily The Mainichi reported on Dec. 12.
Bitcoin was able to bounce after yesterdays downturn, leading the entire cryptocurrency market to trade up. The latest move up may validate the support levels that multiple cryptocurrencies respected yesterday as mid-term bottoms.
At the time of writing, Bitcoin is trading up nearly 3% at its current price of just over $3,500. Bitcoin appears to have established the $3,400 region as a level of support, as its price failed to break below this level during yesterdays market turbulence.
Despite the markets recent bubble seeming to be unprecedented, one analyst claims that there is nothing unique about the crypto bubble, and that similar movements have been seen before in multiple other markets throughout history.
While speaking to MarketWatch, Russ Mould, the investment director at AJ Bell, noted that mania is what drove the crypto markets to their all-time-highs, and the fundamentals are what dragged them down to their current levels.
This brutal bear market looks like so many that we have seen before across a wide range of asset classes. A succession of rallies have tempted true believers and speculators alike to hold on, or even dive in again, only for those surges to become vicious bear traps, leaving holders of the cryptocurrency facing deeper and deeper losses, he said
Mould further explained that similar bubbles have occurred in the dot com industry in the late-1990s, and in the Nasdaq Composite, which crashed and then attempted multiple rallies, with at least eight of them failing and dragged investors deeper into the mire before the benchmark bottomed in March 2003 after a top-to-bottom loss of 75%.
The Nasdaq Composite, after peaking in March of 2000 due to its high amount of tech holdings, didnt recover back to those price levels until April of 2015. Mould insinuated that Bitcoin could see a similar trend, saying that even if bitcoin is over the worst, it may be a long road for those who piled in near the top.
Bitcoins climb to above $3,500 has led most altcoins to rise 3% or more.
At the time of writing, EOS is one of the best performing altcoins, and is trading up 10% at i...
While the current fall is a good buying opportunity, traders should not expect a vertical rally. Lets consult the charts
According to a local Romanian news outlet Ziar de Cluj and others, Vlad Nistor the CEO of Romania-based Bitcoin exchange CoinFlux has been detained on behalf of the US government and is awaiting extradition. He was arrested in the city of Cluj-Napoca on Tuesday, according to another outlet. The crypto exchange has not disclosed Continued
The post Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition appeared first on CCN
German blockchain startup Bitwala has launched crypto banking in Germany.
4 million (roughly $4.5 million) from VC firms Earlybird and
Coparion in September of 2018 to develop a crypto banking solution,
the company has allegedly amassed a waiting list of 30,000
Bitwala's new banking solution, which it claims was built to "close the gap between crypto and traditional banking, was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
With the launch of this new banking solution, users would be able to manage "both Bitcoin and Euro deposits in one place with the safety and convenience of a German bank account."
The accounts would also come with the usual perks that accompany bank accounts like a debit card, as well as a bitcoin wallet with added functionality to swap between bitcoin and the euro freely.
We built the new account putting our customers first. No longer do you have to wire your liquidity to separate exchange accounts with frail fund protection measures outside of Germany. No longer do you have to accept excessive fees for trading. Trading with Bitwala is fast and reliable and our pricing highly competitive, Bitwalas chief technical officer and co-founder, Ben Jones, said in a statement.
The announcement didn't give details on the cost for running the bank account, but a 1 percent fee will be applied for every bitcoin trade. It also remains to be seen if other crypto assets will be included in the future, and the announcement didnt specify where the service would source its pricing data for trading.
All fiat deposits of up to 100,000 are insured by the German
Deposit Guarantee Scheme (DGS). But while the fiat is protected to
a certain degree, there were no indications on the insurance of the
Bitwala has begun on-boarding proceedings for the thousands of users who had pre-registered to use the service and will be accepting new users over the coming days.
This article originally appeared on Bitcoin Magazine.
A new program to set up Lightning Network micropayments,
tippin.me, has recently entered beta
The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node, by means of a simple web custodial wallet.
Upon signup, tippin.me gives you a personal tippin' link to be shared that contains a fresh QR Invoice with an undefined amount to be paid. If anyone sends you money to that QR Invoice, this amount will appear in your tippin.me dashboard. The overall plan is for people to share it to receive tips across webs, blogs, patreons, forums, etc. using Lightning Network.
It should be noted that, since payments must be routed through the program, the wallet is custodial. If youre going to use it, youre temporarily trusting your funds to the developer, so some might find it less secure than a trustless, non-custodial solution.
The project is still in beta and, as a result, it hasnt been adopted by or extended to blogs, forums or other third-party platforms. However, the developer claimed that such functionality can be implemented later down the line if there is sufficient demand.
Shortly after the projects announcement, the lone, semi-anonymous developer announced that the website was operational, as his personal contribution to push Lightning Network adoption.
The Lightning Network has attracted a large level of interest from the crypto space for its ability to send micropayments over the Bitcoin Network and tackle the blockchains latency and scalability issues. The developer of tippin.me claimed that he is doing it for free, with no support, and on [his] own servers, with the express purpose of streamlining Lightning's adoption. Additionally, he later announced a free airdrop of 500 satoshis to the first 500 users to request it, all using the Lightning Network.
The project is in beta currently, and it is unclear where exactly the roadmap will go from here. Nevertheless, it is important to note that this project is not part of a startup company and is instead a totally free program made by a single developer.
At the December 7, 2018, TenX Summit, a group of developers
showcased an industry first: an atomic swap on the Lightning
Network between a non-native asset, TenXs PAY token, and a native
By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset.
CoBloX, a TenX research and development lab, is responsible for the achievement. Demonstrating their work to a tightly packed audience of summit goers, the team used the Lightning Network and their open-source software COMIT to swap 10 PAY for 71,240 satoshis. The team published a blog post on December 12, 2018, to confirm the news and satify what it calls the gossip factory of he-said-she-said following the summit.
In the post, the team delves into their process, explaining outright that this swap was not as simple as the first-ever ether and bitcoin atomic swap on the Lightning Network, which they tested nearly six months ago. Whereas this swaps hashed time lock contract (HTLC) only required a single use smart contract, the PAY to bitcoin swap took an extra step.
Reason being, the PAY token itself is managed with an additional smart contract known as the transfer ownership function. Because of this, the HTLC had to be separated into two transactions: one to deploy the swap contract and another as a transfer call for the PAY tokens.
Unfortunately, we couldnt figure out how to combine these two steps. The ERC20 transfer function uses msg.sender for authentication. However, calling transfer from a contract deployment sets msg.sender to the address of the yet-to-be-deployed contract which obviously has no tokens, the blog post reads.
Having used the Lightning Net...
Over the last couple of weeks, the Bitcoin Cash (BCH) community has been talking fervently about zero-confirmation transactions and a new pre-consensus mechanism called Avalanche. On Monday, Openbazaar developer Chris Pacia published a comprehensive description of the pre-consensus protocol that could theoretically bolster secure zero-confirmation BCH transactions.
About a year ago, Google searches for Bitcoin surpassed searches relating to Donald Trump. Now that Google has published its 2018 year-in-review of search terms, What is Bitcoin is among the top questions that people are asking Google, at least in the US. Last year, the largest cryptocurrency ranked in two categories globally, both in Continued
The post What is Bitcoin Ranked Among Top Google Searches in 2018 appeared first on CCN
Russias cryptocurrency draft bill will not be edited in any significant way, according to deputy prime minister of Russia Maxim Akimov
Former Mt. Gox CEO Mark Karpeles has run into trouble in the
Japanese legal system, and prosecutors are pursuing a 10-year jail
sentence for alleged embezzlement during his tenure at
According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account. The indictment apparently also alleges that Karpeles manipulated data on his company's trading system to pad the balance.
As Mt. Gox was based in Tokyo, it has been the responsibility of the Japanese legal system to prosecute Karpeles, just as it placed Mt. Gox into bankruptcy proceedings in 2014. By the end of the companys shutdown, theyd lost 48 billion yen worth of bitcoin and 2.8 billion yen in fiat. Karpeles has claimed that such losses were due to a hack.
Mark Karpeles is a notorious name in the crypto space, a long-term player who has been involved with some of the most infamous business ventures of bitcoins first major price spike. In Mt. Goxs heyday in 2013, it was the largest functional crypto exchange.
In addition to his stewardship of Mt. Gox, of particular note to Karpeles career is his alleged bankrolling of the Silk Road, the now-defunct darknet marketplace. As federal agents began trying to take down the website for narcotics trafficking violations, agents on the case directly notified Karpeles who was able to cover his involvement.
Now, however, Karpeles seems to have run into more direct legal trouble. In Tokyo, prosecutors alleged that the French-born Karpeles diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users."
In response to this, Karpeles pleaded innocent to these charges in July 2017, saying during his first hearing that I swear to God I am not guilty. The trial is apparently set to move forward in the immediate future, with unclear prospects for Karpeles.
This article originally appeared on Bitcoin Magazine.
In the Netherlands, cryptocurrency service providers will soon be required to obtain a license issued by the Dutch central bank
Russias Parliament will discuss a bill on blocking suspicious financial websites including those relating to financial pyramids that may cover scam ICOs
IBM Research teams up with U.S.-based agritech firm Hello Tractor to boost the African agriculture industry with blockchain and AI
Another major cryptocurrency exchange has announced that they deem recent the recently created Bitcoin ABC to be the true Bitcoin Cash. Hong Kong-based OKEx will relist the digital currency under the original Bitcoin Cash ticker, BCH.
The announcement is the latest example of a large trading venue deciding similarly. Previously, both Winklevoss twins-founded Gemini and Coinbase have expressed support for the Bitcoin ABC chain over the Satoshis Vision side of the fork.
According to a report in RTT News, the digital currency exchange OKEx has decided to change the ticker listed for Bitcoin ABC to the original Bitcoin Cash one, BCH. Previously, the major trading venue had the recently created crypto coin listed as BCHABC.
Meanwhile, the opposing side of the November 15 hard fork, known as Bitcoin Satoshis Vision, has also been relisted. Before todays announcement, the exchange referred to this newly created coin as BCHSV. It will now use the simpler ticket, BSV.
In addition to the relistings, OKEx will be suspending spot trading for either side of the original Bitcoin Cash chain. In a statement reported by RTT News, the company said that the remaining balances of the original BCH would be settled, prior to the removal of the asset from accounts. Spot trading for both the new BCH and BSV is expected to resume two hours after it initially goes offline.
As the newly crowned largest exchange on the planet by trading volume, OKEx has great influence over the public perception of different digital currencies. NewsBTC reported earlier today that the Hong Kong-based trading venue is one of only four that has managed to retain more than 100,000 active users.
Additionally, OKEx was one of the most active exchanges for Bitcoin Cash trading. This makes the exchanges policy towards both sides of the fork all the more important. With such a major cryptocurrency (and Bitcoin Cash) market siding with the opposition, the news of the Bitcoin Cash relistings must be yet another bitter pill to swallow for the...
Cryptocurrency banking provider Bitwala has started offering its banking service to cryptocurrency users in Germany, starting with 40,000 pre-registered customers. A spokesperson for the company has shared details with news.Bitcoin.com about this new service which will soon add support for additional countries and cryptocurrencies.
Bitwala announced on Wednesday, Dec. 12, that it has started offering banking service to cryptocurrency users. New users along with the 40,000 pre-registered customers will be onboarded one after the other based on their waitlist place, the announcement read.
The most potential use case of bitcoin today is the store of value. But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the worlds leading digital currency is due for another drop because it hasnt provided the world a significant use-case yet. The Bitcoin Continued
The post Bitcoin Price Could Go from Bad to Worse: Bearish Analyst appeared first on CCN
Geth has locked ethereum's upcoming Constantinople hard fork into its latest code release.
With crypto still being years away from being widely adopted by the mainstream public, most of the markets activity is driven by speculators and traders seeking to leverage the wild price swings and volatility in order to turn a profit.
However, new research data shows that the actual active users on top cryptocurrency exchanges is extremely low, with only four of the most active exchanges having over 100,000 active users.
According to the November 2018 research report from the Blockchain Transparency Institute, only four of the top crypto exchanges can claim having over 100,000 active daily users.
Related Reading | Binance Boss Predicts Crypto Bull Run By Years End
Of the four exchanges, Coinbase leads the pack with 422,000 daily active users, with Binance trailing behind in second place with 313,000 daily active users. OKEx and Huobi barely made it over 100,000 daily active users, with 105,000 and 101,000 respectively.
Out of the 68 crypto exchanges included in the Blockchain Transparency Institutes report, the average daily active users across all exchanges is a mere 27,000 users. On the absolute lowest end of the spectrum, Bisq, Coinrail, Kyber Network dont even have 1,000 active daily users, topping out at 394, 573, and 874 users.
Coinbase coming out on top should be a surprise to no one, as the company has become the most recognizable name in crypto especially to retail investors that primarily used Coinbases iOS app to purchase c...
Canadian city of Calgary creates Calgary dollar, allows holders to pay for local goods and services
A crypto exchange will be launched in the first half of 2019 due to the collaboration between SolarisBank and the Stuttgart Exchange Group
The CEO of Allianz Global Investors, an investment management firm with $595 billion in assets under management, has called for crypto assets to be outlawed
Gamers invest considerable sums in the GPU chips that power their computers. However, even the most hardcore Fortnite player will leave his or her gaming rig on idle for a significant chunk of each day while they go to work, attend school, or at the very least sleep. Hardware manufacturer Razer says that Continued
The post Razer Wants Gamers to Mine Cryptocurrency Using their Idle GPUs But You Probably Shouldnt appeared first on CCN
Chinese tech giant Tencent has opened its payment platform on WeChat for electronic blockchain invoices Shenzhen, Guangdong Province
On December 7, Coinbase, a leading crypto-to-fiat exchange, announced it is exploring 31 crypto assets to integrate into its exchange. One of the cryptocurrencies the exchange has been looking into is Ripple (XRP), the second most valuable asset in the cryptocurrency market with a market valuation of over $12 billion. Although Coinbase expressed its intent Continued
The post What is Holding Coinbase Back From Integrating Ripple (XRP) Into its Exchange? appeared first on CCN
The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the countrys central bank, under draft legislation designed to prevent crypto assets such as BTC from being used for criminal activities.
Bitcoins disruptive nature has often landed it in the crosshairs of a controlling global regulatory system, which is steeped in tradition. The decentralized and censorship-resistant cryptocurrency has been accused of many crimes, including being used by criminals to launder money, evade tax and fund terrorist activities throughout the world.
Today, the initial coin offering (ICO) market has pain written all over it. A once-popular mechanism, used by blockchain startups to raise funds using crypto to develop their products, lured speculators into investing billions of dollars for their native tokens. However, a majority of these startups either turned out to be scams or purely incompetent when it came to delivering the product. This is what initiated the massive crypto crash in 2018.
As investors continued to lose money, trust in new ICO projects also started fading. ICO Data, an ICO data aggregator, in September published a study which revealed that more than half the blockchain startups launched in 2018 failed to raise funds. Their data chart further shows that investment in new ICO projects is falling every month.
Mike Novogratz, former Goldman Sachs partner who now runs a crypto merchant bank dubbed as Galaxy Digital Holdings, recently told Bloomberg that the ICO market is pretty much dead right now.
There was a lot of fraud, and there was a lot of hype, and people lost money, stated Novogratz. The Securities and Exchange Commission (SEC) was behind the curve, so they slammed on the brakes.
But the SEC doesnt want to kill this innovation; weve spoken to them at length, he added.
Novogratz believed that the ICO market is in the process of detoxifying itself, especially after an increase in scrutiny and crackdowns by the SEC. The bitcoin bull stated that the ICO market would undergo a complete overhaul before reappearing as a more compliant space to work in.
I think youll see a market for security tokensa real estate portfolio that gets tokenized, for example, he explained. These arent things that go from $1 to $1,000. Theyre things that yield 14 percent, and theyll be sold to qualified buyers. That sounds a heck of a lot less sexy, but youre going to see that business grow.
Novogratz is not the first finance veteran to have declared the death of the ICO space. Ear...
Indias telecom regulator and major telecom firms have completed blockchain pilots with IBM to improve mobile network data records
President of Monexs U.S. subsidiary TradeStation reveals the company will operate as a crypto exchange in U.S. starting in Q1 2019
An R&D lab at crypto startup TenX has demoed the use of its cross-blockchain interoperability protocol to transfer ERC20 tokens for Bitcoin using the Lightning Network
My midweek morning train reads: PolitiFacts Lie of the Year: Online smear machine tries to take down Parkland students (Polifact) Yep, Bitcoin Was a Bubble. And It Popped. (Bloomberg) A Surprising Push By The Invisible Hand: Why More Companies Are Doing Better By Being Good (Forbes) Moneyball: was the book that changed baseball built on a false premise?
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