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2018 has been a harsh period for cryptocurrencies prices in general. Prices, in general, have been falling from late January until now, with the usual ups and downs. Nevertheless, as prices and technology rarely come hand-to-hand, during this period weve seen some conceptual improvements started being implemented, such as Ethereum side-chains and plasma or Bitcoins Continued
Earlier today, on October 14, the price of Bitcoin experienced an abrupt increase from $6,300 to $6,410 within minutes. The unexpected rise in the Bitcoin price led traders to be optimistic about the short-term trend of the crypto market, as analysts previously stated that for the dominant cryptocurrency to demonstrate signs of recovery, it will Continued
The post Bear Market Sees Bitcoin Volume Approaching Yearly Low Once Again appeared first on CCN
This is a paid sponsorship by: - Patriot Charger - Patriot Charger.com, 1-866-566-8930 Good evening, Im still reporting on: Still Reports 2018 Election Prediction, v 1 0, 2408 Synopsis: Democrats have been predicting the big, blue wave for months now as the outcome of the mid-term elections just 24 days from today. However, just as happened 2 years ago, the polls are suddenly shifting towards the red. Why? As we explained 2 years ago, most pollsters lean left, but try to hide it. They can easily and non-transparently manipulate the outcomes of their polls simply by adjusting their skews. There are many ways to skew polls. Today, the Washington Examiner illuminated one method under-sampling. In this case, mainstream polls have been using 29% more Democrats to create their results than Republicans. Well, thats one way. A bit more subtle is predicting turnouts of the two parties on election day. So what if one pollster predicts a 56% turnout for Republicans while another predicts a 48% turnout? However, there are dozens of other really complex ways to do this. However, these fictitious polls have one big problem. On election day, they have to do their best to actually predict the real outcome because thats the number their sales staff will trumpet for the next year. They can say anything they want to in order to sway the American public one way or the other until the morning of election day. Then they have to actually tell the truth as best as they can. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.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: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Patriot Charger - Patriot Charger.com, 1-866-566-8930 -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 clima...
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: BillStill.com/StemCell Good evening, Im still reporting on: Conway Bashes Left Mob From the Oval Office, 2405 Synopsis: Super-rapper Conway West blistered the far left mob from the oval office yesterday. And thats what they really are the mob. They can no longer operate by the civil argument process that has maintained our democratic republic for the last 242 years. Their only remaining hope of regaining power is by threats, intimidation and outright violence. Tucker Carlson backed up Conways performance at President Trumps Oval Office desk last night. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.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: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -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://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.c...
This is a paid sponsorship by: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. Good evening, Im still reporting on: Rosensteins Refusal to Testify Signals Guilty?, 2407 Synopsis: Yesterday, Deputy Attorney General Rod Rosenstein refused to obey a Congressional subpoena to testify again under oath and penalty of perjury. President Trump yesterday said he was surprised at Rosensteins refusal in the light of a recent conversation the President had with Rosenstein concerning allegations that he was actively trying to depose the president. Fox News legal analyst Gregg Jarrett says that Rosenstein actions are those of someone trying to hide something and Congress can and should go to a federal judge and have Rosenstein arrested and brought in for involuntary questioning. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.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: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -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://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https...
On Oct. 13, ethical hacker Geocold followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug.
Geocold promised he would 51 percent attack an altcoin to prove how easy it was, and he did, but the attempt did not run as smoothly as he might have hoped. Over 750 viewers were tuned in, and the likes of Jackson Palmer live-tweeting the spectacle, when Twitch suddenly pulled the plug. Cam-whores and other performance artists can broadcast their art to the masses, it would appear, but 51-percenting altcoins is a step too far....
This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill Good evening, Im still reporting on: Diamond & Silk Blast the Mob, 2406 Synopsis: Ever since Diamond & Silk became regulars on Fox, they have sort of lost their edge. But not this time. Even Silk the quieter one who usually sits on the right totally cuts loose against the mob. I just wish that every person in this country and around the world could view this 3 minutes with Diamond & Silk. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.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: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -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://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor...
Zambias central bank has said that cryptocurrencies like bitcoin arent legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the worlds 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted Continued
The post Bitcoin is Not a Legal Tender in Zambia, Says Central Bank appeared first on CCN
The question of whether Bitcoin has bottomed already has again surfaced following the latest drop in the digital currency price.
Bears have no explanation as to why BTC has been holding this price for so long as if it were forming a floor.
Those bullish can explain this BTC has fully corrected and equal to the previous corrections of 0.236 [23% in real value]. pic.twitter.com/8brzXRxBsJ
dave the wave (@davthewave) October 13, 2018
The BTC/USD pair last week fell 7 percent to near 6222 after pursuing a sideways consolidation trend for weeks. There were predictions of an extended sell-off period amidst a bearish crypto market, which targeted 6000 as a potential short target. Also, bears on community forums called for a possible dive below this years bottom, predicting a wild swing action towards 4500, which upon testing would wake the bulls, and Bitcoin would reverse the trend.
But, as the aggregated BTC price data details, BTC downtrend has already been deflected.
Bitcoin since Friday is undergoing a slow-and-steady reversal action. On Saturday, the BTC/USD exchange rate witnessed a 1.79 percent increase from Octobers low. And today, at the time of this writing, the gains have already extended to 2.44 percent.
Opinions regarding Bitcoin forming a bottom have been making to the press from over a month. They are coming mostly from hedge fund managers, venture capitalists, and traditional Bitcoin advocates. Thomas J Lee, a renowned financial expert and the head of Fundstrat, told Bloomberg that BTC price reversal is imminent in the wake of many strong fundamentals.
I do believe major institutions get FOMO if BTC rises....
Markets Are Changing and Bitcoin is Lagging Video The Morgan Report The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task...
The post Markets Are Changing and Bitcoin is Lagging (Video) appeared first on The Daily Coin.
Bitcoin and the equities markets both took a tumble this week, leaving many to wonder if BTC is more safe haven or risk asset.
In todays edition of The Daily we cover stories about Robinhood expanding to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto index fund, and a new blockchain job for a former advisor to president Trump.
Robinhood Markets, the stocks, options and crypto brokerage app, has reached its 25th U.S. state. This means its free trading app is now available across half of America. The Menlo Park-headquartered company announced this week that it has expanded its services to Ohio.
With this latest expansion, Robinhood Crypto is now available in Ohio, Rhode Island, Tennessee, Arkansas, Alaska, Oklahoma, Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Mass...
New Zealands Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Ministers office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To Continued
The post Exposed: Bitcoin Scam Used New Zealands Prime Minister as an Endorsement appeared first on CCN
Despite Nouriel Dr.Doom Roubinis cries that the crypto market is on its last legs, this weeks crypto- and blockchain-pertinent developments indicate that this industry is still booming.
Dr.Nouriel Roubini, one of NYU Sterns economics professors, recently bashed the cryptocurrency and blockchain world through a series of scalding comments and rants. Speaking in front of the U.S. Senate Committee on Banking, Housing, and Community Affairs, Roubini, dubbed Dr.Doom by some, made a series of comments against cryptocurrencies. From calling Bitcoin the mother of all scams to dubbing blockchain the most hyped tech ever, Dr.Doom threw everything he had a handful of senseless, wanton, and baseless comments at this budding industry.
Moreover, as seen in a 37-page post-mortem of the inflammatory testimony, Roubini pulled out all the stops, taking out the classic bag of tricks that heavy-handed regulators utilize to falsely tarnish the name of the crypto industry.
Although Americas leading officials and governmental employees heard the economists cries, some would argue that Roubinis thrashing of this nascent technology hasnt damaged the cryptosphere at all. In fact, there are optimists who truly believe that his comments managed to unite this industry, instead of fundamentally splitting it apart.
Speaking with Bloomberg reporters at Maltas first-ever DELTA Summit, Roger Ver revealed that he intends to develop or purchase a cryptocurrency exchange in the near future. While Ver, a diehard decentralist, didnt make Bloomberg reporters privy to many details, the Bitcoin Cash proponent explained that if his plans to purchase an exchange fall through, he will call upon one of B...
Many at San Francisco Blockchain Week are warily reflecting on the lessons of the 2017 token boom, the pride that came before the bear-market fall.
A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network.
The study, titled The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin, seeks to explore how China threatens the security, stability, and viability of Bitcoin through its dominant position in th...
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Exosis is a multi utility blockchain platform with five blockchain sites which include, a decentralized cryptocurrency exchange, a virtual masternode, a decentralized e-commerce site, e- wallet and an OTC platform.
The cryptocurrency industry has been growing exponentially over the past couple of years. Currently, it is maintaining the market capitalization at $250-300 billion. This indicates that it is a market that has investment potential. The Exosis development team has realized that the best way to create a good cryptocurrency platform is by creating a multi-functional platform that has utility. Exosis is a realization of the dream. It features five different platforms in one. It has a decentralized exchange, a decentralized e-commerce site, an OTC platform, a Virtual Masternode, and a multiplatform e-wallet. These five different business models all rely on the Exosis coin. This Gives Exosis coin Utility, unlike most other cryptocurrency platforms.
The only way to succeed in the cryptocurrency industry is by differentiating yourself from competitors. Most of the altcoins are Ethereum-based coins that only offer one of the highlighted Businesses. Unfortunately, this means that investors have to speculate a lot. Such coins are driven more by demand and supply trends making them volatile. Exosis hopes to be different by first relying on its own mainnet. This allows us to control the security and the scalability of the platform truly. Second, having five different Businesses on the same platform provides the Exosis coin with Utility. The coin will be used to pay transaction fees on these five different Sites creating a constant demand for the coin. This will enable the Exosis coin to appreciate. The coin will be less volatile and more lucrative over time making it the perfect coin for Holding. The passive...
On Wednesday and Thursday Bitcoin Cash developers gathered in San Francisco for the first of many BCH Devcons hosted by Bitmains blockchain development fund Permissionless Ventures. A slew of teams participated in the three-day hackathon resulting in two big winners who took home 15 BCH worth of winning prizes.
San Francisco hosted the first BCH-centric developer hackathon hosted by Permissionless Ventures. Fifteen teams gathered to the city for the BCH Devcon where it saw software programmers from all around the world build new projects using the Bitcoin Cash protocol. Further, the participants had help from technical advisors stemming from BCH projects such as Bitbox, Coinbase, Money Button, and Bitcoin ABC. Representatives from Bitcoin.com who attended the hackathon said the event was a huge success as many programmers submitted very interesting concepts during the three day run....
Manny Pacquiaos long-awaited cryptocurrency could launch by the end of the year. According to a StraitsTimes report, Singapore based Global Crypto Offering Exchange (GCOX) is in charge of the launch of the Pac Tokens, the cryptocurrency that leverages on the popularity of the Philippine boxing legend. The news outlet quoted GCOX chief communications officer Evan Ngow who Continued
The post Boxing Legend Manny Pacquiaos Cryptocurrency Could Launch This Year appeared first on CCN
Heres why the European Blockchain Partnership is a big step towards widespread blockchain adoption
Bitcoin price is currently correcting higher against the US Dollar. BTC/USD is likely to face a strong selling interest near the $6,380-6,390 resistance area.
This past week, bitcoin price saw a solid increase in selling pressure around the $6,600 zone against the US Dollar. As a result, there was a nasty decline and the BTC/USD pair fell below the $6,400 and $6,200 support levels. The price traded towards the $6,100 level and formed a low at $6,093. Later, the price started an upside correction and moved above the $6,200 resistance.
There was a break above the 23.6% Fib retracement level of the last slide from the $6,686 high to $6,093 low. At the outset, it is following an ascending channel with resistance at $6,320. Above this, there is a major bearish trend line in place with resistance at $6,325 on the 4-hours chart of the BTC/USD pair. Finally, the $6,380-6,390 is a crucial resistance zone (the previous support). It also represents the 50% Fib retracement level of the last slide from the $6,686 high to $6,093 low. Therefore, if the price continues to move higher, bitcoin buyers are likely to struggle near the $6,380-6,390 zone.
Looking at the chart, BTC price needs to settle above $6,380-6,390 and then $6,400 to move into a positive zone. If it fails, there could be a fresh downside move back towards the $6,200 and $6,100 supports. Below these supports, the price could be at a risk of a bearish break below the $6,000 handle.
Looking at the technical indicators:
4-hours MACD The MACD for BTC/USD is slowly moving in the bullish zone.
4-hours RSI (Relative Strength Index) The RSI is currently just above the 40 level.
Major Support Level $6,100
Major Resistance Level $6,390
Ethereum price is facing many barriers versus the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses as long as it is below $212.
This past week, there was a sharp downside move from the $234 resistance zone in ETH price against the US Dollar. The ETH/USD pair tumbled and broke the $206 and $200 support levels. It tested the $184-185 support and formed a low at $184.5. The price later started an upside correction above $190, but it is still way below the 100 simple moving average (4-hours).
It has moved above the 23.6% Fib retracement level of the last decline from the $230 high to $184 low. However, there are many resistances on the upside near the $206, $207, $208 and $212 levels. There are also two important bearish trend lines in place with resistance at $208 and $218 on the 4-hours chart of ETH/USD. Below the first trend line, the 50% Fib retracement level of the last decline from the $230 high to $184 low is at $207. Around the trend line and the $207 resistance, the 100 SMA is also positioned. Therefore, it wont be easy for buyers to clear the $207 resistance and the 100 SMA.
The above chart indicates that ETH price is facing a lot of hurdles on the upside below $212. A proper close above $207 and $212 may push the price back in a positive zone. On the downside, the $190 and $184 levels are decent supports.
4-hours MACD The MACD is slowly moving in the bullish zone.
4-hours RSI The RSI is currently near the 40 level.
Major Support Level $190
Major Resistance Level $207
The post Ethereum Price Weekly Analysis: ETH/USDs Bearish Trend Below $207 appeared first on NewsBTC.
A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines in three Indian cities. These ATMs help people to cash in and cash out which was not possible before due to the crypto banking ban imposed by the countrys central bank.
Unocoin has officially announced the launch of its cryptocurrency automated teller machines (ATMs). Last week, the ex...
Bitcoin cash price is under pressure below $500 against the US Dollar. BCH/USD remains sell on rallies near the $470 and $480 levels.
This past week, we saw a major downside move below the $520 and $500 supports in bitcoin cash price against the US Dollar. The BCH/USD pair declined heavily and broke the $450 support. There was also a close below the $450 level and the 100 simple moving average (4-hours). It traded close to the $400-410 support area and formed a low at $421. Later, the price started an upside correction and moved above the $430 level.
At present, the price is testing the 23.6% Fib retracement level of the last decline from the $531 high to $421 low. If there is a break above the $450 and $455 resistance levels, the price may climb towards the next important hurdle at $470-475. There is also a key bearish trend line formed with resistance at $470 on the 4-hours chart of the BCH/USD pair. Moreover, the 50% Fib retracement level of the last decline from the $531 high to $421 low is also positioned near the $476 level. Therefore, sellers are likely to appear near $470-475 if the price continues to climb higher.
Looking at the chart, BCH price may perhaps hold the $400 support area for some time and it could correct towards $470-475.
Looking at the technical indicators:
4-hours MACD The MACD for BCH/USD is slightly in the bullish zone.
4-hours RSI (Relative Strength Index) The RSI for BTC/USD is recovering above the 30 level.
Major Support Level $420
Major Resistance Level $470
The post Bitcoin Cash Price Weekly Analysis: BCH/USD Sell on Rallies Near $470 appeared first on...
On Bitfinex, a leading cryptocurrency exchange, Bitcoin is being traded with a 2 percent premium based on the current price of $6,285. As BitMEX Research revealed, the premium of Bitcoin on Bitfinex continued to increase throughout the past week, during a period in which Tether (USDT) started to demonstrate a decline in price. Currently, on Continued
The post Whats Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage appeared first on CCN
Cryptocurrency markets are still at the bottom following their mid-week dump. There has been no sign of a bounce back to previous levels as total market capitalization is still hovering just above $200 billion.
Bitcoin has remained on a flat line since its Thursday dump of $300. BTC fell to $6,300 and is currently trading just below that level, it has fallen 5% since the same time last weekend. Ethereum is also very depressed at the moment after falling back to $200 and remaining there for the past 3 days.
Altcoins are mostly in the red this morning, but movements are minimal. Looking at the top ten nothing is really moving more than a percent or so in either direction. Cardano has lost almost 2% on the day to fall back to $0.073. The rest are flat this Sunday during Asian trading.
The top twenty is showing similar lethargy at the moment with most cryptos shifting around a percent up or down on the day. Dash is showing the greatest gain which is just 1.7% bringing it to $161, while Tezos is falling back by a similar amount dropping it to $1.22.
The fomo induced pump of the day in the top one hundred is currently Digitex Futures which has surged 47% in the past 24 hours. These unnatural spikes usually happen when new altcoins increase in market cap but they often dump again just as quickly. Time will tell if DGTX can hold its gains. Aion has also done well since the dump, today it is up 18%. At the red end of the table is Noah Coin dumping all of its recent gains and falling back 26% on the day. MaidSafeCoin is also having a tough Sunday with an 11% slide.
Total crypto market capitalization has not moved over the past 24 hours and is still very low at $202 billion. Trade volume has dipped below $10 billion for the first time since the end of August and crypto markets look very dejected at the moment. Markets are back to the same level they were at this time last month which appears to be the bottom, unless another dump is imminent.
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.
Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters who became managing director at JPMorgan at the age of 28 Continued
The post Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec. Blythe Masters appeared first on CCN
The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin arent legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat unit, the kwacha, it has a responsibility to promote its own currency.
The Bank of Zambia (BoZ) understands that it neither has the power nor the legal backing to shut down the nascent cryptocurrency market in the southern African country. It would need parliament to amend the law that enabled its establishment for BoZ to be able to claim any authority over cryptocurrency investments or trading.
On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Koreas largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform Continued
The post Why Investors are Highly Optimistic in Acquisition of Koreas Largest Crypto Exchange appeared first on CCN
REMME CEO Alex Momot spoke with CCN recently about the projects goal to eliminate the need for passwords and related security problems using something he calls a digital passport that operates on a blockchain. Blockchain Tech Can Make Passwords Obsolete Instead of the password/username architecture, each user device is issued an SSL certificate. The certificate Continued
The post Interview: How Blockchain Can Make Passwords a Thing of the Past appeared first on CCN
Take a look at top 5 performers of this week and check what to do with them next
Dr. Doom didnt miss another chance to bash crypto but he faced a worthy opposition.
Recently, the Tron Foundation announced the launch of the new Tron Developer Suite. This is a special kind of all-in-one toolkit created to help TRON developers make progress on the mainnet faster and with more efficiency.
TRON Foundation (@Tronfoundation) October 9, 2018
This move was seen by many as the final piece that will allow developers to combine the powers of the TRON mainnet, TRON VM, and now a new tool suite for enhancing dApp creation.
The tool suite consists of multiple necessary and essential assets that will help TRONs development reach the next step. These are special features that will allow engineers to create interesting and innovative dApps on the TRON ecosystem.
Additionally, their creation will be nearly effortless thanks to new tools. These include TronWeb, TronStudio, TronBox, and TronGrid.
TronWeb is a tool with a primary purpose of connecting developers to TRONs blockchain. It offers a rather unified and seamless experience for all developers. In some ways, it is similar to Web3 that was created for Ethereum, with the largest difference being its implementation process.
Unlike Web3, TronWEB will require a full node, as well as a Solidity Node in order to properly work. It can also be used for buying, sending, and freezing TRON and other tokens.
The next tool...
Crypto markets have passed through hard times this year but cryptocurrency remains a viable remuneration option for businesses in the industry and their employees in Russia, new numbers and estimates suggest. The observation is valid for many companies and contractors around the world as a number of platforms now match employers and job seekers in the crypto space.
Cryptocurrencies are yet to be legalized in the Russian Federation but a growing number of its citizens and businesses are earning their money in the crypto-space. Deputies in Moscow have postponed the final adoption of the dra...
IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food Continued
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New research published in a renowned scientific journal speculates that the Bitcoin markets are rapidly maturing, which could be positive news for investors.
The journal called Chaos: An Interdisciplinary Journal of Nonlinear Science highlights some interesting features regarding the rapidly evolving cryptocurrency markets in a report titled Bitcoin market route to maturity? Evidence from return fluctuations, temporal correlations, and multiscaling effects, and lays out a scientific case for why Bitcoin could be a good investment.
The report is authored by researchers at the Henryk Niewodniczanski Institute of Nuclear Physics (IFJ PAN) of the Polish Academy of Sciences in Krakow.
The report explains that although Bitcoin and cryptocurrency are widely viewed as speculative investments that dont inspire public trust, digital assets could be a better form of currency than previously thought by analysts and the public.
Bitcoin detractors will often turn to the claim that digital currency isnt backed by anything in their efforts to discredit it.
However, the researchers note that because fiat currencies are no longer backed by physical commodities either, the real value of a currency is now determined by how it is used and its market history.
An analysis of Bit...
Crypto markets are seeing a mix of red and green, with 10 out of top 20 coins by market cap growing by less than 2 percent each
On October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and analyst Alex Krger stated that Tether will likely not crash in the short-term, but the Continued
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Constantinople, ethereum's next system-wide upgrade did not activate on the Ropsten testnet as planned on Saturday.
Keeping cryptocurrencies safe is a fundamental part of participating in the digital economy, and hardware wallets have become popular security solutions. These days there is a slew of devices on the market, each with its own options and features. One of these is the Keepkey wallet, a product thats been well received by digital currency investors over the last three years.
Earlier this week I took a look at the Keepkey hardware wallet, a device that allows users to store multiple cryptocurrencies in a secure fashion. Keepkey is sold for US$129 per device, which is more expensive than the Ledger Nano, Coolwallet S, and...
News service Coinness claims that crypto platform TRON is about to partner with Chinas Internet giant Baidu, citing private correspondence with the formers team
Brave Browser has described how a core principle of GDPR called Purpose Limitation can be used to prevent anti-competitive behavior by Google and Facebook. In a recent letter to the EU Anti-Trust Chief Margrethe Vestager, the company offered its submission on the topic of shaping competition policy in the era of digitization. PURPOSE LIMITATION TO Continued
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The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 2
The Double C-Word in the Private Sector
The first rule of the politics of fear is that if
you want to make something sound scarier than it actually is, you
add the word culture at the end of it. Brendan ONeill
Crypto culture is under attack by a theory that has been shaping society since before the term existed.
Crypto culture refers to the socially transmitted behavior, beliefs, and institutions that characterize the cryptocurrency community. The theory is epitomized by the slogan the personal is political.
This slogan yanks off the door separating the personal and political, the private and public spheres. When closed and locked, the door protects peaceful individuals from interference by so-called trusted third parties, primarily the state. The protection is known by different terms: individual rights, a persons home is his castle, society versus the state, and personal freedom. When the door is removed, however, only the political sphere remains. Without constraint, the trusted third party problem entangles itself into most personal decisions, and pervasively so. The state dictates the details of daily life, down to the food that grocery stores may sell you.
The extent of the political spheres domination is apparent with regard to lifestyle beliefs that used to be personal choices but now are legally punishable. Why? Because they are politically wrong. The refusal to associate with homosexuals or other marginalized groups is an example. The trusted thi...
The air feels different during the autumn, which is around the corner here in the northern hemisphere. I must admit, I really enjoy walking down the street when its covered in colorful leaves. Cant really say why, but it has always been one of those guilty pleasures of mine. Now, more than ever, due to Continued
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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could also face jail time.
The tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation.
The largest bank in Switzerland with offices in over 50 countries has asked for the French constitutional court to drop money laundering charges and limit proc...
Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isnt exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history. Reports suggest that the next scandal is brewing as we speak, leaving traders wondering whats next for Bitfinex?
Per insider knowledge, as relayed by Bloomberg, Noble Bank, a Puerto Rican financial services provider, dropped clients in early-October as it ran into harsh financial issues. Although this news slid under the radar of legacy market investors, many in the tight-knit crypto community were shocked when sources divulged that Noble had lost the business of Bitfinex and Tether.
While this news may have been run-of-the-mill for any other established crypto platform, like Coinbase or Gemini, the fact that Bitfinex lost its primary banking partner for the umpteenth time left many scratching their heads. Throughout the platforms relatively short history, the firms finances have been thrown around like a hot potato, as the banking partners the exchange has sought havent felt comfortable associating themselves with Bitfinex.
The exchanges tumultuous history hasnt gone unnoticed, as many well-versed crypto traders have outlined their apparent hate towards Bitfinex on a few too many occasions. Nobles situation was no different, of course, with many immediately taking to Twitter to claim that Bitfinex was on the verge of financial disrepair. Seeing that Euro, Japanese Yen, and Great British Pound deposits were disabled after the Noble Bank news broke, the semblance of a price premium started to form, with Bitcoin trading a smidge higher on Bitfinex in comparison to the other foremost platforms.
In a scramble to secure a banking relationship, as spotted by The Blocks Larry Cermak on Saturday, the startup seemingly secured a business account with HSBC, the worlds 7th largest bank, under a shell account. As later clarified by The Block, however, Bitfinexs stint as a client of HSBC didnt pan out, as the exchange had to shut down 100% of its fiat deposits on Thursday.
This fueled rumors of Bitfinexs financial insolvency even further, causing thousands of users to liquidate their Bitfinex f...
Christies, a leading art business based in the United States is collaborating with Artory, a highly reputed independent digital registry for the art industry, to register the sales of artworks on the blockchain, according to a press release by Christies on October 11, 2018. As stated in its press release, the leading art auction house Continued
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South African blockchain startup Tari Labs has unveiled a free online university that makes training accessible to local and international blockchain developers. Tari was developed and launched earlier this year by local blockchain expert and Monero promoter Riccardo Spagni alongside American investors, Naiveen Jain and Dan Teree. Reasoning Behind New Project Tari particularly aims to readdress Continued
The post Monero Developers New Startup is Launching a Free Blockchain University appeared first on CCN
Crypto venture capitalist Barry Silbert said that he is not bullish on the projects raising funds via Initial Coin Offering, or ICO.
The Digital Currency Group founder told Forbes that he philosophically supported the idea of disintermediating funding process but yet found it uncompelling from the point of view of purpose, capability, legality, and valuation.
Silbert spoke as an investor whose company is always on a lookout for the most potential blockchain projects. Giving his experience in coming before projects that, according to his opinion, served no practical purpose in the real world, Silbert admitted that they were attempting to tokenize projects that didnt need tokenization.
To us [investors], buying tokens for utility does not make sense, especially when its adding friction to a product that didnt need a token at the first place, said Silbert while instancing projects that sold tokens to purchase gaming products, to raise capital for tweaking services like Uber with decentralization and whatnot.
Silbert also doubted whether the teams behind most of the ICO projects had the capability of delivering on to their vision. Saying that it takes ten years mostly for an idea to either succeed or fail, he discussed the need to verify these ICO teams for their past performances, that have they ever demonstrated success in all their professional careers or not. Silbert coupled his concerns with the valuation of most of the ICO projects, saying their expectations are mostly unreasonable.
The idea that somebody can put up a whitepaper put up a website and go raise money from the masses, it goes against everything Ive come to see working in the US, he said.
In the wake of the Securities and Exchange Commissions mounting crackdown on the token issuance bodies, Silbert that believed that the US regulator is only after the protection of investors. He said he has already visited Washington DC more than 100 times to meet lawmakers and SEC officials, but they are still equating tokens with securities in absence of a concrete crypto law, which also proves why utility tokens will not make an ideal investment.
Ultimately, the whole ICO market is going to go away or it will be going to evolve, Silbert predicted after processing the legal factors. Utility tokens, in long-term, will not have any appreciation barring their use in projects related to commodities or natural gas or copper. They are not a good investment.
The statements come at a time when more than 90 percent of ICO projects launched in...
Todays installment of The Daily is about building more than bickering, though well squeeze in a little of the latter before we sign off. First though, lets start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesnt leak data.
Its being reported that Nasdaq, the giant U.S. exchange operator, is plotting a new platform dedicated to tokenized securities. The move would enable projects to offer STOs in a regulated environment so as to accord to U.S. law. As popularity f...
While Bitcoin (BTC) remains bear biased, Tron (TRX) and Augur (REP) recorded solid 5 percent gains against both BTC and the US dollar. The volume of Bitcoin has failed to recover from the low $3 billion region, down more than 30 percent since late September. Subsequent to falling by around 4 percent from $6,600 to Continued
The post Tron, Augur Surge 5% Ahead of Major Upgrades, is $5,800 Imminent For Bitcoin? appeared first on CCN
A bit of a debate has revved up about bitcoin's "time warp attack" and whether it's an exploit or an unintended advantage.
A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.
Its most unfortunate that she was victim of such a sophisticated fraud, judge Orr is quoted as saying, when she handed down her decision. However, she added that Its up to the bitcoin purchaser to know what theyre doing.
The woman, unnamed for security reasons, deposited 62,500 Canadian dollars into a bitcoin automated teller machine believing she owed taxes. It was a fraud. A man claiming to represent the Canada Revenue Agency called her, threatening the new immigrant with arrest and deportation for tax default.
According to a report by CBC News, the case centered on who legally owned the money she deposited in...
Crypto markets are still very depressed as we enter the weekend. There has been no recovery from the mid-week dump which resulted in the loss of $20 billion from digital currencies. Total market capitalization is hovering just above $200 billion at the time of writing and remains close to its lowest level for a year.
Bitcoin bulls are still sleeping this Saturday as BTC remains at $6,280 showing zero movement over the past day. Ethereum has gained a little but is also extremely weak trading at just below $200 in Asia this morning.
Altcoins are predominantly green at the moment but this is no surprise considering the huge dump they all made over the past few days. The top ten shows XRP making the biggest recovery right now, adding 7% back to its value and trading at $0.419. Litecoin is second with a 5% rise to take it back to $54. The rest are making around 2-4 percent at the time of writing.
The top twenty is seeing more movement with Tron trading double digits higher today adding 11% to bring TRX prices up to $0.0235. Tron has regained all losses in the recent dump and is back to its last weekend level. Justin Suns marketing machine keeps pumping out those fomo inducing tweets which are currently driving momentum;
Justin Sun (@justinsuntron) October 12, 2018
Despite Gemini support and yesterdays two percent gain, sellers are in control. In fact, we may see prices sliding below $50 confirming the trend resumption phase of the bear break out pattern that begun in early August. Generally, we are bearish but this could change if Litecoin find support and we see a pump towards $70.
Its true that Litecoin co-founder Charlie Lee is never shy of the cameras. Sometimes he can be controversial but more often than not, he fires back with sense. Thats admirable. Though Monero is privacy specific with obfuscation features that is making the US Secret Service uncomfortable, still Charlie Lee is a big fan of the coin.
Fungibility is the one and only feature of sound money missing from Bitcoin and Litecoin. Do you support adding a privacy feature to Litecoin? If so, which do you prefer and why?
Charlie Lee [LTC] (@SatoshiLite) August 29, 2018
He relayed his intentions when he carried out a Twitter poll asking users to vote if they would want to see Confidential Transactions (CTs), ZK-STARKs or ZK-SNARKs or Mimble-Wimble implementations. The majority were for incorporation of CTs but it was split in between with some preferring leaving the network as it is for unnecessary scrutiny.
In the meantime, Gemini will from today allow deposit of Litecoin after getting the necessary approval from the New York State Department of Financial Services (NYDFS).
We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5
Gemini (@GeminiTrust) October 12, 2018
Overly, bears are in control. Despite the recoveries especially in Tron, Litecoin and EOS, sellers should be actively unloading at spot rate. Tron prices are buoyant because of Justin Sun shills but could crash if the said partnership doesnt meet the communitys expectations. Furthermore, there are news of Gemini accepting Litecoin deposits beginning today. This is positive for price. Even if trading begins three days later, it could inject extra liquidity from investors keen on regulation and insurance.
Lets have a look at these charts:
Often, the market tends to slow down and even reprice after periods of high volatility. That was the case yesterday. EOS did retrace, slowing down and shedding two percent in the last day. Though this is positive for bulls, it is a wonderful opportunity for traders to unpack EOS at spot prices as they expect a break below main support at $4.
This is highly likely because Oct 11 rapid losses did invite sellers completing a bear break out trade. Therefore, in line with previous EOS trade plan, the best approach to trade this coin is to wait for conclusive breaks and close $4.
Ideally, what we would like to see is a whole bear bar printing below $4. Once this executes, then sellers can load on pull backs with first targets at $1.5. Safe stops would be just above $4 or the support breaking bar highs.
We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5
Gemini (@GeminiTrust) October 12, 2018
The chairman of Koreas Financial Services Commission has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain
Coinbase one of the largest digital currency exchanges in the U.S. is nixing its index fund designed for accredited investors and shifting its focus to a new retail product, The Block reports
Coinbase first announced its fund back in March of 2018. The project was designed to give institutional investors easy access to the digital currency market by offering them an index that represents a basket of Coinbases listed assets. During this time, Coinbase representatives stated that they were seeing strong demand from institutional and high net worth individuals.
However, now the index fund has failed to attract an appropriate number of clients. Coinbase was reportedly unable to garner necessary revenue from the project and has since decided to move on to other endeavors.
The latest retail product entitled the Coinbase Bundle, launched at the end of September. Using the feature, investors can purchase an assortment of the coins offered on Coinbase with one click. Minimum purchases begin at $25. Differing from an index fund, Coinbase Bundle does not offer fixed methodologies, nor does it provide rebalancing options.
This is not the first feature of its kind. Circle introduced its clients to a similar product entitled Circle Invest, which allows users to buy up to 11 different tokens in a single investment. Circle also sports a lower purchasing minimum of merely $10. While the product has garnered solid reviews on Apples App Store, it remains unpopular amongst everyday users, and currently holds the #734 spot amongst finance apps according to App Annie.
Founded in 2012, Coinbase is a broad company that covers trading, institutional brokerage and venture capital. It has amassed more than 20 million users, though active user activity has fallen by roughly 80 percent...
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb.
A spokesman for Bithumb confirmed Friday that the exchange was sold for about $354 million to a consortium led by a plastic surgeon, Reuters reported and quoted him saying:
Bk Global Consortium, led by Kim Byung-gun, plastic surgeon and blockchain platform investor, signed a deal on Thursday to buy 50 percent plus one share in the exchanges biggest stakeholder, BTC Holdings, for about 400 billion won ($354.09 million). The deal makes Bk Global Consortium the largest stakeholder of Bithumb.
It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid, a Continued
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World Bank Group President Jim Yong Kim has stated that blockchain technology has huge potential that can help the organization leapfrog generations of bad practice
Blockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future. Boston-based Circle is not interested in Continued
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Concerns are growing surrounding Irans use of cryptocurrencies like Bitcoin and Monero and soon, their own native cryptocurrency to evade economic sanctions put in place by the U.S., prompting FinCEN to issue an advisory on the topic.
The Financial Crimes Enforcement Network (FinCEN) has issued an alert, warning U.S.-based financial institutions, such as cryptocurrency exchanges, about Irans illicit and malign exploitation of various financial markets.
FinCEN alleges that Iran has been abusing financial markets to evade U.S.-led economic sanctions and finance terrorist organizations and activities.
The advisory claims that Iran utilizes front and shell companies to exploit financial systems around the world to generate revenues that support terrorist groups, ballistic missile development, human rights abuses, support to the Syrian regime, and other destabilizing actions targeted by U.S. sanctions.
Among the financial markets Iran exploits is the cryptocurrency market. It was first reported as far back as February that Iran had been considering using cryptocurrencies to evade economic sanctions. However, FinCEN reports that Irans usage of cryptocurrency dates back to 2013.
Since then, Irans use of crypto includes at least $3.8 million worth of Bitcoin-denominated transactions per year. FinCEN says the number is comparatively small to other countries, but still plenty cause for concern due to the potential avenues cryptocurrency provides for money-laundering and other illegal activities.
FinCEN urges cryptocurrency exchanges to review blockchain transactions for any activity that could be tied to Iran.
Iran is steadfast in its approach to using cryptocurrency as a means of evading Trump administration-led sanctions. This is to the point that Iranian President Hassan Rouhani ordered the National Cyberspace Center (NCC) to draft a plan for...
Buda, one of Chiles largest cryptocurrency exchanges by trading volume, has recently introduced support for Lightning Network (LN) payments on its platform, to allow its users to experiment with the second layer scaling solution. Bitcoin Exchange Now Accepts Lightning Network Payments According to a recently published blog post, users will be able to pay via Continued
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Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.
Censorship on large social media platforms like Facebook and Twitter has been rampant this year. On Oct. 11, news.Bitcoin.com reported on Facebook purging hundreds of pages and profiles that regularly posted about alternative news and libertarian views. The aggressive censorship has caused many people to start searching for more decentralized platforms that allow free speech. What they might not know is that the Bitcoin Cash (BCH) ecosystem already has a few applications that are similar to the dominant online forums and social media platforms. The difference is they are free of censorship and every action is recorded onchain.
A North Dakota Securities Commissioner issued enforcement actions against three crypto promoters for violating securities law
One of President Trumps previous economic advisers has joined Spring Labs. Gary Cohn is the latest former Wall Streeter to take up a position within the ever-expanding blockchain industry.
Yet another blockchain-related company has managed to poach talent from Wall Street.
Spring Labs is a startup that currently employs 20 members of staff and is hoping to disrupt the credit and identification sectors. The companys latest hire is Gary Cohn. According to a report in the Financial Times, Cohn had the following to say about the unique opportunity presented by Spring Labss and the firms goals:
[Its] an obvious place to take a very, very analogue industry and digitise it.
The chairman and CEO of Spring Labs, Adam Jiwan, also spoke about the firms hopes for the future. He stated that the blockchain-based platform would allow data to be shared between various parties. Blockchain technology would help facilitate this in a secure and anonymous fashion. Finally, he opined that Spring Labs might ultimately replace the credit bureaus you see today.
Cohn once served as an economic adviser to President Trump. He was a crucial contributor to the tax reform package passed at the end of 2017.
However, he voluntarily left the position earlier this year owing to a disagreement over steel and aluminium tariffs. Before taking his position at the Whitehouse, the 58-year-old also served as president of Goldman Sachs.
Cohns interest in blockchain began whilst he was still working for Trump. He reportedly looked at a number of companies working in the space during his time at the White House.
However, his belief in blockchain technology should not be construed as an endorsement of cryptocurrencies in general. He clearly distanced himself from such a position to the Financial Times, before going on to state how blockchain technology can benefit various industries:
We all know all the inefficiencies of the existing currency world and blockchain clearly helps to eliminate them at some point in the future.
Cohn is the latest in a rapidly expanding list of former Wall Street names to join either cryptocurrency or blockchain firms. The likes of Steven Hunt, of Jump Trading, joined Kraken virtual currency exchange in May of this year. Meanwhile,...
Cryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Geminis
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A former chief economic adviser to U.S. Pres. Donald Trump has joined the board of blockchain-related tech company Spring Labs
The cryptocurrency markets posted some slight gains on Friday after seeing a massive selloff on Thursday that sent many altcoins down by more than 10% and pushed Bitcoin to its range support at $6,200.
At the time of writing, Bitcoin is trading up slightly on the 24-hour chart, with a current price of just over $6,300. Fridays slight recovery has been led by XRP, which is up over 4% at a current price of $0.426, off its daily lows of $0.38.
Many people attributed the Thursday drop to a massive sell-off in global equities, disproving the notion that Bitcoin is a gold 2.0 that is immune from traditional retail market swings.
One analyst at Element Digital Asset Management, Thejas Nalval, disagrees with this notion, explaining to MarketWatch that:
Theres a narrative that the crypto market was simply falling in lockstep with the equity markets, which are slowly entering into correction zones. We believe this move in cryptocurrencies had nothing to do with the stock market.
He added that pricing data shows otherwise.
Evidence has shown that there have been little correlation between global stock indexes and the price of Bitcoin. Nor does Bitcoin move on economic data, he said.
Despite a general recovery, Ethereum is lagging behind many of its peers, down nearly 2% on the 24-hour chart, currently trading at $198, slightly off its daily lows of $190.
Ethereums weak performance over the past couple of months has led short positions on the cryptocurrency to stack up to new highs.
Data on cryptocurrency exchange, Bitfinex, shows that there are currently over 300 thousand open short positions for ETH, worth a combined $60 million. Some analysts attribute ETHs weakness to ICOs who fundraised using ETH selling their positions due to fear of further losses.
Over the past year, Ethereum is down nearly 90% from its yearly highs, maxing out at around $1,400 in early January before plummeting to its year-to-date low of just over $180.
Despite its poor performance and massive amount of open short positions, the Ethereum blockchain development community is still incredibly active, with more than 1,000 major developers attending its recent hackathon at the ETH San Francisco event.
Also, the cryptocurrencys network may soon see a hard fork called...
The blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trumps Continued
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Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaifs services and will be responsible for repaying users who lost their coins when Zaif was hacked last month.
Tech Bureau, the operator of Zaif, has signed an agreement to transfer Zaifs business to Fisco Cryptocurrency Exchange (FCCE), the company announced Wednesday.
Zaif claims that it was...
The top suspect in a $24 million Bitcoin scam has been detained by Thai authorities at a Bangkok airport after being on the lam for 2 months
Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the worlds third-largest cryptocurrency exchange, according to a local news outlet.
BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in Bithumb for a while and was the exchange's fifth largest shareholder until today's announcement.
The new deal will see the consortium acquire a 50 percent plus one share of the holdings of Bithumb's largest investors, BTC Holdings Company. The move, once finalized, would give the Consortium a controlling stake and make Kim the largest shareholder of Bithumb.
Bithumb is presently the largest digital asset platform in South Korea by trading volume. South Korea emerged as one of the hottest spots of the crypto market last year. Investors were so crypto-hungry that they had to pay a premium on every digital currency they purchased compared to investors in other parts of the world.
The Consortium, under the leadership of Kim, has plans to create a stablecoin for the exchange in the near future, according to the news outlet. There are also plans to launch a global decentralized crypto exchange (DEX) in partnership with blockchain firm One Root Network and a blockchain e-commerce payment system with the aim of reducing "virtual currency price volatility and settlement fees."
Kim is increasing his stake in a cryptocurrency market that he is massively optimistic about. He founded an initial coin offering (ICO) consulting firm called ICO Platform in Singapore earlier this year, and he is also known as an early cryptocurrency investor.
This news comes on the heels of an announcement by the exchange's shareholders who revealed the platform's earnings, showing net profits of 39.34 billion won (about $35 million) in the first half of the year, despite a rocky June where the exchange lost $40 million to hackers.
Making good on a promise it made back in March of this year, Coinbase has just added its first ERC-20 token. ZRX, the token of the 0x (pronounced zero x) protocol began trading on Coinbase Pro (formerly GDAX), the exchanges professional trading platform, on October 11, 2018.
"Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York," Coinbase Pro general manager David Farmer wrote in a blog post spelling out the details of the launch.
Coinbase said trading of ZRX would happen slowly and in stages. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading Farmer wrote. Per the exchanges policy, new coin trades on Coinbase Pro first. The exchange said it would make a future announcement when ZRX began trading on coinbase.com and the Coinbase mobile apps.
Last year, the popular San Francisco exchange crafted a strict new asset listing policy after getting itself into hot water when a botched bitcoin cash (BCH) listing led to accusations of insider trading.
A lot has changed for Coinbase since. At one point during the crypto bubble, the exchange boasted a user base of 13 million. Following December 2017, however, Bitcoin lost more than 60 percent of its value, a loss that has cut into Coinbases business. In fact, Bloomberg reports that the number of U.S. customers buying and selling on Coinbase has declined by 80 percent.
Amidst all of this, Coinbase has been working diligently to expand its offerings.
A year ago, the exchange carried only three coins: bitcoin (BTC), ethereum (ETH) and litecoin (LTC). That changed when it added support for bitcoin cash (BCH) in December of 2017. In March 2018, the exchange announced plans for a crypto index fund av...
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They dont employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
These are the unsettling claims made by a new report released by blockchain and virtual currency forensics firm CipherTrace.
The most popular target currency still appears to be bitcoin, and one of the documents key findings is that roughly 97 percent of bitcoin used in illegal transactions or that stem from criminal activity are sent to unregulated digital exchanges that enforce weak anti-money laundering (AML) tactics. An exchange is considered lacking in AML mechanisms if it does not regulate illegal drug dealing, maintain records over time, report suspicious or large transactions, or enforce KYC regulations, the report details.
In addition, nearly 5 percent of all bitcoins received by unregulated exchanges come from criminal transactions, and some of the worlds top exchanges have laundered as much as $2.5 billion in BTC.
To uncover these findings, researchers at CipherTrace examined over 45 million cryptocurrency transactions through roughly 20 of the worlds largest and most dominant exchanges. A transaction was marked as criminal if it came from a dark market website or through means of extortion, ransomware, malware or terrorist financing.
To fully comprehend the damage, the authors also examined crypto funds reported stolen in 2017 to see if the last nine months have been more devastating. According to the report, over $900 million of the more than $1 billion reported stolen in 2018 was taken in just the first three quarters of this year, meaning that the amount of theft has more than tripled since last year.
However, most of these losses can ultimately be blamed on the massive Coincheck hack that took place in January. That one theft was large enough to account for more than half of the reported losses in CipherTraces study. Other major hacks that occurred throughout 2018 include those on South Korean exchanges Bithumb ($30 million) and Coinrail ($40 million), as well as Japan-based Zaif ($60 million).
While the document discusses several methods of crypto theft, the most common one appears to be phishing, in which mass, customized extortion occurs through email and other electronic means to garner cryptocurrency-based ransoms. Other common methods include advanced malware and targeting employees of cryptocurrency exchanges directly.
The report also mentions SIM swapping. Though the report indicates that this is still a rela...
Bitcoins recent sell-off notwithstanding, cryptocurrency investors are beginning to grow more optimistic about the markets short-term direction. Thats according to the latest Market Sentiment Index Report from Huobi Research, which identified a slight uptick in investor optimism over the previous month. Released on Friday, the September report is based on from survey data compiled from Continued
The post Cryptocurrency Market Sentiment is Looking up: Huobi Research appeared first on CCN
Blockstack announced a plan to decentralize the network's corporate structure on Friday.
New York University Economist Nouriel Roubini has once again attacked cryptocurrency and its supporters. The man known as Dr Doom for his bearish market commentaries went as far as to call the financial innovation a stinking cesspool in a series of tweets late last night.
One of the planets most ardent cryptocurrency naysayers has weighed in on Bitcoin and altcoins. After voicing his opinion yesterday at the Senate Banking Committee hearing on the subject of blockchain and digital assets, Roubini took to Twitter to lambaste the entire industry.
According to a report in CNBC, Roubini stated late on Thursday that the market lacked fundamental value and was in fact detrimental to society since it consumed vast quantities of electricity:
It is indeed laughable to think that useless cryptocurrencies or scoins have any fundamentals of value. Their fundamental value is ZERO or actually negative if you price correctly their negative externality of hogging energy and destroying the environment.
This appraisal of the space came just hours after he had called crypto the mother or father of all scams and bubbles at the Senate Banking Committee hearing. The economist voiced his opinions via Twitter and during his outburst he posted a video explaining centralisation issues in digital assets. According to the post:
Decentralization is a Big Fat Lie peddled by self serving greedy crypto oligopolists and cartels.
He also responded to many of the comments made in retaliation to his recent attacks
Mud slinging, Name calling? I got an entire army of 1000s of crypto lunatics, crazies, barking dogs, trolls, bots, shills, hack insulting me and threatening 24/7 for weeks now & not ONE of them could rebut ANY of my arguments in my 30 page written testimony. A motley crew of nuts https://t.co/YzBGxk1z5l
Nouriel Roubini (@Nouriel) October 12, 2018...
Markets have recently seen another sharp slump, but do chart patterns predict an even deeper fall, or a sharp rebound? Lets find out
Coinbases veteran executive is now reportedly joining the Intercontinental Exchanges crypto trading platform Bakkt
Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace.
Its easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes.
I bought the dip a dozen times this year, one Redditor complained recently. Went down after each time. Another remarked: Ive lost 95 percent of 25k and have been buying all the way down.
North Dakota's securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state.
Leading U.S. cryptocurrency exchange Coinbase is reportedly considering killing off a cryptocurrency index fund product it launched earlier in the year, due to a lack of interest from accredited institutional investors, and it could be the reason key executives are exiting the company for greener pastures.
Back in March, the Coinbase Asset Management team announced the Coinbase Index Fund. While the initial buzz around the announcement was strong, the cryptocurrency markets continued decline apparently spoiled the products June launch, and has only seen lackluster interest since. This is according to information provided to The Block from an anonymous source with direct knowledge of the situation.
The Coinbase Index Fund offered accredited institutional investors an easy way to invest in a fund consisting of all the different crypto assets Coinbase currently offers on its platforms, weighted by market cap. Investments range from a $250,000 minimum buy in all the way to a staggering $20 million invested.
The Blocks source says that the product suffered from a severe lack of interest, driving far less revenue for Coinbase than they had been anticipating. Coinbase had expected better performance, driven by a strong demand from institutional and high-net-worth individuals.
Coinbase has spent much of 2018 preparing for the influx of institutional investors that still has yet to happen in a meaningful way that directly impacts cryptocurrency prices. In addition to the Coinbase Index Fund, the San Francisco-based exchange has also released other products and tools for institutional investors, including a Custody product.
Coinbase has repeatedly failed to garner interest from institutional investors, which may be causing key executives to jump ship to work on platforms that are more interesting to institutional money. Coinbases fifth employee ever, Adam White, vice president and general manager, this past week exited Coinbase to join Intercontinental Exchanges (ICE) Bakkt...
The hacker who stole nearly $40,000 in ethereum from adult entertainment startup SpankChain has returned the stolen cryptocurrency, the company announced last night. According to messages posted on the companys official Twitter account, SpankChain CEO Ameen Soleimani reached an agreement with the anonymous hacker after speaking to them on the phone. Following that conversation, the Continued
The post SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward appeared first on CCN
The Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in Continued
The post Bitcoin Price Intraday Analysis: BTC/USD in Weak Upside Correction appeared first on CCN
Blockchain is coming to one of the worlds best-known auction houses this month in a trial by Christies
Cryptocurrency exchange, Gemini, announced today that they will be adding support for Litecoin (LTC) beginning on Saturday, October 13th. Investors will be able to deposit LTC into Gemini, but will not be able to trade the cryptocurrency until Tuesday, October 16th.
Litecoin will be the fourth digital asset added to the exchange platform and will have trading pairs with all the available assets on the platform, including Bitcoin, Ethereum, and Zcash.
Litecoin is a peer-to-peer (P2P) open source project that was forked off of the original Bitcoin network in October of 2011. Although met with some controversy regarding its utility as compared to Bitcoins, it is now widely referred to as the Silver of cryptocurrency, while Bitcoin is the industrys Gold.
Although technically similar to Bitcoin, Litecoin differentiates itself by using a unique mining algorithm that is intended to make it more decentralized, and utilizes some features intended to make it more efficient for payments than Bitcoin.
The move to add LTC to Gemini came after the exchange received approval from the New York State Department of Financial Services (NYSDFS) that approved Geminis addition of Litecoin trading and custody services.
Eric Winer, Geminis vice president of engineering, wrote about the NYSDFSs regulatory relationship with the exchange in a Medium post, saying:
Gemini continues to grow with a security-first approach and we have worked closely with the NYSDFS to gain approval for Litecoin trading and custody services. We are excited to provide our customers with a safe, secure, and compliant method to buy, sell, and store these digital assets.
In the exchanges Litecoin announcement, they also explained to investors that they have delayed their plans to list Bitcoin Cash, the recent and highly controversial fork of Bitcoin.
The reason for postponing their plans to list BCH is mainly surrounding the uncertainty in the community regarding possible hard forks occurring later this year.
Gemini explains that:
There has been much uncertainty lately within the Bitcoin Cash community about one or more possible hard forks arriving in mid-November. Some of those forks lack the replay protection feature that would be required for Gemini to safely support Bitcoin Cash. Because of this situation, we are delaying our launch of Bitcoin Cash deposits, withdrawals, and trading until late November
Upon the news of Gemini adding Litecoin to their platform, the cryptocurrency post...
The cryptocurrency markets appear to be consolidating following the significant sell-off that transpired on Thursday. The event saw BTC produce the largest percentage red daily candle posted since Sep. 5, driving losses across most major markets. ZRX was the most notable exception to the bearish price action that erupted through most cryptocurrencies, rallying significantly following the announcement that Coinbase Pro would be launching three ZRX pairings.
BTC experienced a sharp sell-off yesterday, shedding nearly 6% against the dollar in little over an hour as it fell from roughly $6,630 to $6,250 on Bitfinex, and 7.35% as the market fell from $6,530 to a low of $6,030 on Bitstamp....
Open-source coders backing the ethereum project now say its next system-wide upgrade, Constantinople, is on track for November release.
When derivatives exchanges CBOE and CME launched the first regulated U.S. bitcoin futures contracts, many cryptocurrency bulls thought that this event would lead to a wave of institutional investment and propel the market toward even greater highs. Just days later, the yearlong bitcoin price rally stalled, and the flagship cryptocurrency followed soon after by Continued
The post Bitcoin Futures Helped Cryptocurrency Market Achieve More Sustainable Level: CFTC Chairman appeared first on CCN
Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line, with two products in the works.
Justin Sun, CEO of decentralized internet startup TRON, has tweeted of a forthcoming partnership with an industry giant valued at tens of billions of dollars
Coinbase is shutting down its index fund just four months after first offering it to institutional investors.
The Winklevoss twins crypto exchange Gemini has sealed regulatory approval to add Litecoin custody and trading as of this week
Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder
The post Crypto Giant Gemini Hires Former Wall Street COO to Head Operations appeared first on CCN
Nouriel Roubini, an economist best known for his predictions of
the 2008 housing bubble, and Peter Van Valkenburgh, Coin Centers
director of research, testified before the U.S. Senate Committee on
Banking, Housing and Community Affairs in a hearing on
cryptocurrency and blockchain on October 11, 2018.
We need to sort through the static, said Banking Committee Chair Idaho Republican Mike Crapo, describing a need to better understand both the opportunities and the challenges in cryptoland. The testimony comes at a time when bitcoin has lost two-thirds of its value since the beginning of the year and U.S. regulators are trying to figure out how to regulate thousands of ICOs that have flown in the face of decades old securities laws.
Roubini wasted no time in firing off his salvos. He called crypto the mother and father of all scams and [now busted] bubbles. Among his list of other criticisms: blockchain is overhyped; Bitcoin cannot scale and it is not decentralized; only criminals and terrorists use bitcoin; crypto is a libertarians dream; and utility tokens will return us to the Stone Age. Even the Flintstones knew better than crypto they used clamshells as their own one currency, he said, in one bewilderingly anachronistic statement.
In stark contrast, Van Valkenburgh hailed bitcoin as revolutionary for its ability to function as a payment system without a trusted middleman. He referred to bitcoins underlying technology as a computer science breakthrough on par with the internet. Pointing to breaches at Equifax, Swift and DYN in the last two years, he called blockchain technology our best hope for secure systems.
The two testimonies were followed by questions from senators. When asked what factors hindered a broader adoption of blockchain technology, Van Valkenburgh said actual use cases were hard challenges and compared blockchain technology to email in the 1970s.
It took 20 years for those systems to be friendly enough for consumers to want to use them to send messages, he said.
The following post about micropayments was written by Dmytro Spilka. He is the CEO at Solvid and founder of Pridicto, a web analytics startup that uses AI and Machine Learning to forecast web traffic, monitor vital metrics, and set visual traffic aims.
Cryptocurrencies may have assumed the role of the quintessential water cooler topic over recent years, but theres something stopping it from making that vital transition from being well talked about to well invested.
To say the likes of Bitcoin isnt well invested may seem churlish, considering the crypto-giant hit a value...
Gary Cohn, a former chief economic advisor to the U.S. president and Goldman veteran, has just joined a financial data-focused blockchain startup.
CFTC Chair Christopher Giancarlo said the cryptocurrency market will mature as institutional investors enter the space.
After yesterdays plummet, crypto markets are seeing relative calm, with the top cryptocurrencies by market cap seeing moderate movement some up and some down
Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesnt mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs
The post Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing appeared first on CCN
ETC Labs director says it plans to incubate 24 startups per year from 2019 launch
Winklevoss-founded crypto exchange Gemini is adding litecoin trading in the coming week, with permission from the NYDFS.
The hacker who stole almost 170 ETH from SpankChains smart contract has chosen to return the funds
Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $100 worth of bitcoin cash.
Just recently, Bitcoin.com launched its newly revamped paper wallet generator, so bitcoin cash (BCH) supporters can utilize a classic cold storage solution and print out BCH for friends and family. Paper wallets are just like traditional bearer bond instruments (paper bills) and they can be exchanged anonymously offchain. The paper wallet generation process is very easy and people can print out as many as they want they can even add funds to their wallets after creating them.
Within a period of 24 hours, from October 11 to 12, the valuation of the crypto market has declined from $217 billion to $201 billion. The 7 percent decline in the valuation of the crypto market was triggered by a sudden drop in the price of Bitcoin from $6,600 to $6,250. The 5 percent decrease Continued
The post Crypto Market Erases $16 Billion in 24 Hours, Can Bitcoin Swiftly Rebound? appeared first on CCN
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions
Investment consultation firm Pension Partners released an index listing the worst performing cryptocurrencies in 2018.
Qtum, a cryptocurrency-backed hybrid blockchain platform, suffered a maximum 93.9 percent loss by Q3 2018. A high marketing pitch, which projected Qtum as the best of both blockchain and mainstream worlds, allowed the project to establish an all-time high token value at $82.66 in January.
But eventually, Qtum project lost shine due to decreasing performance and increasing challenges. Its blockchain has seen a significant drop in the number of daily transactions, while the mining difficulty has also fallen drastically. At the press time, QTUM is trading at $3.47.
The New Economy Movement, or NEM, began as a revolutionary blockchain project for enterprises. During early 2017, the Japanese firm received substantial financial support from local investors. NEM sold its XEM tokens at the initial rate of $0.00023107 and by the end of April 5th, 2015, the company had made its early investors a 68,537.2 percent profit. But like many other crypto assets, XEM too failed to sustain its upside and dropped squarely in 2018s market-wide bearish bias.
NEM maintains its position among the top ten cryptocurrencies market cap, indicating it has retailed market attention and belief.
ICX, like Ether, is a crypto-native to a blockchain project called ICON and has been one of the most affected victims of the market-wide bearish sentiment. The project has everything going on for itself: steady development, a good and reliable team and an ambitious goal to interconnect difference blockchains. But regardless of efforts, ICX remains one of the most underperforming crypto assets in 2018, with a negated 90 percent return for his early investors.
Ethereum co-founder, Vitalik Buterin has thrown shade on prominent economist and cryptocurrency skeptic Nouriel Roubini, in response to Roubinis earlier statements calling him a dictator and describing decentralization in Crypto as a myth. In a tweet, Buterin subtly hinted that Roubini has no idea what he is talking about and as such he should not Continued
The post Ethereum Founder Vitalik Buterin Throws Shade at Bitcoin Bashing Economist appeared first on CCN
Christie's auction house is launching a pilot program to record art sales and provenance on a blockchain.
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