Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off

Cryptocurrency enthusiasts have been glued to the price charts over the last 48 hours as digital assets across the entire crypto-economy have plunged significantly. Since our last markets update two days ago, the digital currency ecosystem has lost over $30 billion and the overall market capitalization of all 2,000+ coins now sits at around $159 […]

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Bitcoin Public Full Node Count Surpasses 10,000

New data released by Coin Dance this week shows that the number of bitcoin public nodes made a significant jump. The reported 10,094 public nodes places the total number back over 10,000 for the first time since March. Hard Core Around 95 percent of the nodes are running Bitcoin Core, a proportion which has remained steady […]

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RSK Merges With New RIF Labs, Opens Potential for Increased Interoperability

n nn nn Bitcoin-built smart contract platform RSK a.k.a. Rootstock is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum and beyond.The company has been acquired by RIF Labs, a development lab that was established by a handful of RSKs own founders, including CEO Diego […]

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Just the Facts An Unembellished Examination of Ross Ulbricht's Arrest

n nn nn The Lets Talk Bitcoin Network hosts several podcasts for regular discussion topics in the world of blockchain and cryptocurrency, including the popular weekly show What Bitcoin Did. As a special event, however, What Bitcoin Did has partnered with the campaign to free Ross Ulbricht to host a detailed analysis of Ulbrichts arrest […]

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Hoskinson Satoshi Did An Amazing Thing…But There Are Lessons to Learn

n nn nn Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. Back in 2013, he was the founding chairman of the Bitcoin Foundations education committee and established the Cryptocurrency Research Group.In an […]

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Huobi Group Sets Up Communist Party Committee in Beijing

n nn nn As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. The new branch was established by a Huobi subsidiary, Beijing Lianhuo Information Service, and […]

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Federal Election Commission Gives Green Light for Political Mining Pool Donations

n nn nn The U.S. Federal Election Commission FEC has given tacit permission for mining pools to donate to political campaigns.The FEC released a memo on their website on November 13, 2018, to provide background information to a formal meeting that would take place on November 15. In it, they addressed a recent request filed […]

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Bitcoin Price Analysis Another Red Day Pushes BTC Into Deeper Support Test

n nn nn Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15 on the day 25 in 1 weekFigure 1 BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation. […]

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New Cryptocurrency-Based ETP Arrives in Switzerland

n nn nn Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product ETP.An ETP is a blanket term to denote a security that derives its price from an underlying asset e.g. a currency, commodity, stock and is traded on a regulated stock exchange. […]

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Op Ed Its Time to Reject Mediocrity, ExitFiat and Embrace Bitcoin

n nn nn When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. Soon enough, I realized that the reserve banking system was systemically corrupt. […]

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Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin

When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. Soon enough, I realized that the reserve banking system was systemically corrupt. How can you […]

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India Could Finally Have a Regulatory Framework for Crypto By Year’s End

It seems as if the end may be near when it comes to determining regulations, or even some semblance of clarity, for cryptocurrencies in India. This comes after months of delays, controversial statements, and, of course, the infamous ban. According to Quartz India, next month could see the government present its draft cryptocurrency regulations. This is […]

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VanEck’s MVIS Debuts First Ever Bitcoin OTC Index, Binance Invests $3M in OTC Trader

Over-the-counter (OTC) trading gained visibility and prestige this week as MVIS launched the first cryptocurrency OTC index and Binance Labs made fresh investments. Circle, Genesis, And Cumberland: Bitcoin OTC Index Source In a press release November 20, German-based MVIS unveiled its latest digital asset index composed of what it calls “three of the leading providers […]

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Bchd Developers Announce Neutrino Wallet for Bitcoin Cash in Beta

Named after the subatomic particle that can pass right through the entire planet without being detected, neutrino is meant to be a lightweight wallet with enhanced privacy features. And Bchd developers are now bringing it over to the Bitcoin Cash (BCH) ecosystem in beta mode. Also Read: Thai Central Banker: A National Cryptocurrency Is Years […]

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John McAfee Says ‘We’re in a Bear Market,’ But People Just Need to Relax

Bitcoin’s value is continuing to fall, dropping over 15 percent in the past 24 hours. Yet, according to John McAfee, there’s no need to panic. Winter to Be Followed by Glorious Spring Over the past few days, the crypto market has been on a downward spiral. The price of Bitcoin fell below $5,000 for the […]

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A Team of Non-Profit Veterans Launch Whirl to Bring Crowdfunding to the Blockchain

An all-star team of professionals in the blockchain, crowdfunding, and nonprofit sectors recently launched WHIRL. The WHIRL platform will give users a new way to finance their dreams via crowdfunding. At the same time, it will encourage users to contribute to charitable events. Backed by 20 prominent names, the WHIRL platform was launched after years […]

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India Ready to Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works. Clarity Soon Citing a counter-affidavit issued by India’s Prime Minister Narendra Modi, Quartz reports that the country’s government is likely to provide some clarity on the matter of cryptocurrencies sometime in the […]

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The Daily: Fake Trezors, Catching Knives, Stablecoins With Everything

There aren’t many prices that cryptocurrency traders can bear to look at right now, but stablecoins are one of the few exceptions. In this edition of The Daily, we consider the latest cryptocurrency niche that dollar-pegged coins are encroaching on, but not before we’ve addressed the serious business of fake hardware wallets and how to […]

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Get Ready for Cryptocurrency Market Volatility

Bitcoin and other cryptocurrencies plummeted once again on Monday. Bitcoin has dropped through the $6000 level, fell to a one year low, and almost touched the $4500 barrier. What is a worry for bitcoin and altcoin holders, is a great opportunity for CFD traders that can take short positions. Make sure you have your trading […]

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Going Once, Going Twice… Christie’s Art Auction Recorded on Artory Blockchain

Auction house Christie’s has sold a record 42 different pieces of art on the blockchain for a whopping $317.8 million. Information regarding the auction was recorded on a private Ethereum-based blockchain managed by the software company Artory. It’s the first time an art auction of this price level has been recorded on the blockchain. Getting […]

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Roel Wolfert: ‘Cryptocurrency Will Just Be a Normal Part of Life’ [Interview]

Bitcoinist recently caught up with Roel Wolfert, co-founder of WHIRL, a socially driven crowdfunding platform built on the blockchain. Roel Wolfert is an expert in digital payments and serves as the COO at Transtrack International, which provides software to banks, governments, and organizations to manage their cash supply chain. Wolfert is also an advisor to […]

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Everything That’s Wrong With Roubini’s Central Bank Crypto Love Letter

Whenever Nouriel Roubini talks smack about Bitcoin, it’s hard to know how to respond. Do you ignore “Dr. Doom,” mindful of the mantra to not feed the trolls? Or do you tackle him head on, shooting down his fallacies, but granting the attention he so desperately craves? It’s a conundrum, but in the case of […]

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Bitcoin Cash Price Analysis: BCH/USD Potential Countertrend Bounce

Bitcoin Cash is still trending lower inside its descending channel on the 4-hour time frame and is approaching support. A bounce might take place if buyers defend this level, but another move lower could spur a steeper slide. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance […]

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Fear, Loathing and Opportunity: How Crypto Traders Are Handling the Drop

The last 24 hours have been the worst the cryptocurrency markets have seen since the 24 hours prior. Things have been looking grim for weeks in fact, but on Nov. 19 the situation went from bad to critical as BTC fell below $4,500, dragging the rest of the market down with it. While some investors […]

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Bitcoin Price Analysis: BTC/USD Some Support at These Levels?

Bitcoin appears to have broken down from its falling wedge consolidation to signal that a steeper drop is underway. However, there are still a couple of potential support areas where buyers might be waiting. Price is currently testing one of these now at the $4,800 area that lines up with a former resistance back in […]

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‘People Have Panicked’ – BTC Price Rout Business as Usual for John McAfee

Bitcoin’s big names came together to reassure “panicked” investors November 20 after the BTC price today slid beyond recent lows to hit $4500. Resistance Eyed At $4K The continuing result of Bitcoin Cash’s instability after it hard forked last week, BTC/USD 00 hit its lowest in over a year, finding support only around $4480. At […]

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Australia’s IvyPay Lets Users Pay Their Bills With Cryptocurrency

Australia is becoming a major hub for cryptocurrency and blockchain activity. Two local companies are joining forces to build a new crypto-related service. Known as IvyPay, this solution makes paying bills with cryptocurrency a lot more straightforward. In doing so, the companies aim to make Bitcoin and altcoins appear more useful to the masses. IvyPay […]

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Singapore Finalizes Regulatory Framework for Cryptocurrency Payment Services

The central bank of Singapore has finalized the country’s new regulatory framework for payment services, which now includes cryptocurrency. Crypto payment service providers, which fall outside of the current regulatory framework, will need to be licensed under the new regime. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Regulating Crypto Payment Services The Monetary […]

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Crypto Really Is Cool in Israel

Cryptocurrencies and blockchain tech have taken the stage in Israel. The country’s first dedicated cryptocurrency investment company has launched two funds, expecting to raise $50 million in assets under management. Moreover, an Israeli mining company eyes an public offering in Canada. Bear Market? Whatever… Despite 2018’s declining prices, Israel’s top leadership has long considered issuing a […]

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Blockchain Headed for the PS4 with New Title “Plague Hunters”

A major step forward in the blockchain gaming industry has been taken with the PlayStation 4’s release of “Plague Hunters.” Boosting Video Game Technology Arcade Distillery – the company behind the game’s development – has established several titles for the PS Vita, PS4, Xbox One, and Nintendo Switch systems. Representatives of the company say that […]

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Popular Investor Sergejs Kovalonoks Talks About His Methodical Investment Habits

Sergejs (@BalanceAM) from Latvia is a Popular Investor who likes to keep his Risk Score low. He has been with eToro since late 2017, and if you check out his stats, you’ll see he says he has 8 years of trading experience. His strategy involves rotating his portfolio at the end of each quarter, and […]

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Greek Court Accused of Violating the Rights of Alleged Btc-e Operator, Postpones Hearing

The judges at the Greek supreme court have been accused of violating Alexander Vinnik’s rights. The alleged Btc-e operator has been detained in Greece since July last year. The hearing against his extradition to France has also reportedly been postponed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rights Violation Alexander Vinnik, who allegedly […]

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Israeli Investment Firm Launches Crypto Funds

Silver Castle, a digital currency investment house based in Israel, has launched two cryptocurrency-based funds this month. Firm Offers Asset and Portfolio Management Services The Middle Eastern nation’s first dedicated crypto investment firm, Silver Castle Ltd., has launched two funds this month. The funds will be offered to institutional and accredited investors. Despite a bad […]

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Huobi Subsidiary Forms Communist Party Committee

Beijing Lianhuo Information Service, a subsidiary of virtual currency exchange platform, Huobi, recently created its Communist Party Committee. Huobi becomes the first Chinese cryptocurrency company to establish a branch of the nation’s Communist Party. First Communist Party Committee by a Chinese Crypto Company According to the South China Morning Post, a subsidiary of cryptocurrency exchange […]

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SEC Slaps Paragon, Airfox ICOs With $250,000 Fine

US regulator the Securities and Exchange Commission (SEC) repeated calls for ICO token issuers to comply with securities laws November 16 as it enforced penalties against Paragon and AirFox. Paragon, Airfox Will Lose Millions In a statement, the SEC appeared to seek a balance between permissiveness and enforcement of “well-established” rules as it confirmed legal […]

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Indonesia May Soon Have a Blockchain-based Futures Exchange

Indonesia is the latest country that looks set to benefit from blockchain technology. Its Jakarta Futures Exchange is partnering with two Australian platforms to develop a more secure and efficient financial solution. It’s no secret that Australia is fully embracing blockchain technology. From assisting in the creation of the world’s first completely blockchain-based bond to […]

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Bitcoin Mining Hardware Manufacturer IPOs in 2018 Looking Unlikely

Bitcoin mining hardware manufacturers seem destined to be unable to complete their IPOs in 2018. A few days ago, Canaan creative allowed its filing to elapse signaling similar issues with other such companies with ICO plans. 2018 IPO Unlikely In the middle of the year, it seemed all the big Bitcoin mining companies would go […]

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New Cryptocurrency-Based ETP Arrives in Switzerland

Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product (ETP). An ETP is a blanket term to denote a security that derives its price from an underlying asset (e.g. a currency, commodity, stock) and is traded on a regulated stock exchange. It could […]

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Swiss Crypto Exchange-Traded Product Launching Nov. 21, But It’s Not an ETF

New.Bitcoin.com has confirmed that the exchange-traded product tracking an index of five leading cryptocurrencies will start trading on Switzerland’s principal stock exchange on Nov. 21. The exchange has also confirmed that this product is not an exchange-traded fund (ETF). The country’s financial regulator, Finma, explains the differences. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week: Figure 1: BTC-USD, Daily Candles, Downward Continuation This drop below support is starting to display hallmarks of market capitulation. […]

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Bitcoin Price Drops Below $5k for the First Time in 13 Months as Crypto Market Bleed Out Continues

The cryptocurrency market is awash in a sea of red, and that has crypto traders singing the blues. In the past 24 hours, the total cryptocurrency market cap has plummeted nearly $20 billion. Bitcoin, specifically, has suffered a near 14% loss, bringing its price down to a low not seen in more than a year. Bitcoin Hits 13-Month Low […]

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Who SODL? Bitcoin Investors Are Buying Up Cheap Coins, Says eToro

Bitcoin prices crashing lower this week have failed to dent investor confidence, businesses reporting upticks in purchases while fiat rates are lower. A ‘Small Yet Clear Uptick’ The result of uncertainty over a contentious hard fork of altcoin Bitcoin Cash (BCH), Bitcoin has led cryptocurrency markets into a new period of volatility, with some major […]

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Federal Election Commission Gives Green Light for Political Mining Pool Donations

The U.S. Federal Election Commission (FEC) has given tacit permission for mining pools to donate to political campaigns. The FEC released a memo on their website on November 13, 2018, to provide background information to a formal meeting that would take place on November 15. In it, they addressed a recent request filed by OsiaNetwork […]

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Hash Wars: A Successful BCH Upgrade and a ‘High Risk’ Exchange Listing

It’s been close to four days since the Bitcoin Cash upgrade and the blockchain split that occurred on Nov. 15. Since the acrimonious fork, a lot has happened within the BCH ecosystem including a few exchanges listing both chains as separate coins. Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails Bitcoincash.org States […]

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Bitcoin Cash Hard Fork Controversy: Roger Ver vs. Craig Wright

Hard forks and lack of governance were a huge issue during the rise of cryptocurrency back in late 2017. It seems this hasn’t changed in 2018, as we have just encountered a new Bitcoin Cash hard fork controversy. Hard forks are required for large blockchain network updates and require all nodes running the network to switch […]

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Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. The new branch was established by a Huobi subsidiary, Beijing Lianhuo Information Service, and will reside in […]

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Bitcoin Hits Lowest Level Again—This Time Last Year Things were Very Different!

Bitcoin has hit its lowest level again this year. Is it the beginning of the end for Bitcoin? I bet that question has been asked many times over in 2018. Bitcoin gained house-hold name status around Thanksgiving last year. That was the kind of year Bitcoin had in 2017. Bitcoin’s Lowest Level But now, Bitcoin […]

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Blockchain Technology to Cut Corruption in the Construction Industry, CEO Says

According to the chief executive of a global design software giant, blockchain-based technology can bring an opportunity to substantially reduce the corruption in the construction industry, while also decreasing the lack of trust between different players.  ‘Corruption in the Construction Industry is Not Uncommon’ Speaking to journalists at the Autodesk University event held in Las […]

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Cryptocurrency Exchange KuCoin Secures $20 Million in Series A Funding

KuCoin has secured $20 million in Series A funding as part of the company’s drive for rapid expansion across the globe. The cryptocurrency exchange platform has plans to establish its presence in places in Europe and Latin America. IDG Capital Leads Funding Round In a statement published by KuCoin on Thursday (November 15, 2018), the […]

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Hoskinson: Satoshi Did “An Amazing Thing”…But There Are Lessons to Learn

Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. Back in 2013, he was the founding chairman of the Bitcoin Foundation’s education committee and established the Cryptocurrency Research Group. In an interview with […]

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Just the Facts: An Unembellished Examination of Ross Ulbricht's Arrest

The Let’s Talk Bitcoin Network hosts several podcasts for regular discussion topics in the world of blockchain and cryptocurrency, including the popular weekly show What Bitcoin Did. As a special event, however, What Bitcoin Did has partnered with the campaign to free Ross Ulbricht to host a detailed analysis of Ulbricht’s arrest and imprisonment, Railroaded, […]

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Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

On Nov. 18, a few days after the Bitcoin Cash (BCH) fork, Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang. Pacia and contributors have detailed that it’s been over two months since the Bchd client was forked from Btcd reference code and so […]

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OKEx Users Question Company’s Risk Management Following Derivatives Debacle

Handling cryptocurrency-related derivatives opens new business opportunities for exchanges. In the case of OKEx, the company is facing a lot of scrutiny. Its recent change of terms pertaining to derivative contracts does not sit well with traders. This also highlights the need for proper regulatory measures regarding these speculative investment opportunities. Traders Outraged Over OKEx […]

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Bitcoin Price Analysis: Are Bulls Being Led to Slaughter?

Bitcoin price (BTC/USD) had a dire week, breaking down last Wednesday from its 2018 consolidation reaching weekly lows of $5200.  This week started no better with new lows being found after a further selloff at around $5050. Here we take a look at some of the immediate levels trades and investors alike worth paying attention […]

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Bcoin Developers Release Cross-Chain Atomic Swap Application

On Friday, Nov. 16, the developers behind the full node projects Bcoin and Bcash announced an application that allows users to complete cross-chain atomic swaps between both the BCH and BTC chains. The Bcoin programmers have also released a guide, videos and code for beginners and experts who want to swap BTC for BCH in […]

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Mining Giant Bitmain Expands to the U.S. State of Washington

The state of Washington in the U.S. appears to be one divided. Some counties have voiced their concern at crypto miners operating in some cities, while one county has welcomed one of the biggest industry names, Bitmain, with open arms. The lack of clarity regarding industry regulations in the U.S. has resulted in major exchanges […]

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OKEx Forces Early Settlement Of BCH Futures Contracts

Major cryptocurrency exchange, OKEx, faces a backlash from traders, after changing the terms on $135 million of Bitcoin Cash (BCH) futures contracts. The exchange says it forced early settlement of the contracts to protect investors from volatility following the Bitcoin Cash split. A Little Notice… Hong Kong-based OKEx, made the unusual decision to settle the Bitcoin Cash […]

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Thai Central Banker: A National Cryptocurrency Is Years Away

Central bankers have been talking about issuing their own digital coins ever since they first saw the appeal that bitcoin holds for many people. However, the latest indications point to it being a very long time until we will see national crypto assets coming from any stable economies. Also Read: The Daily: Teens Want Bitcoin, […]

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Lightning Network Reaches Record Capacity Highs, Passing 4,000 Nodes

Bitcoin’s main network implementation of the Lightning Network has recently reached a new all-time capacity high, passing 4,000 nodes for the very first time. 333 BTC Capacity The so-called “second layer” payment protocol which operates on top of the existing Bitcoin network, the Lighting Network (LN), has recently surged in capacity of more than 333 […]

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Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’

EOS, the $4 billion blockchain project developed by Dan Larimer, has been savaged in an exhaustive new review. The 17,000-word report, based on extensive laboratory testing, concludes that EOS’s real-world throughput isn’t much better than Ethereum’s and that its consensus algorithm doesn’t function properly. “In order to succeed as a base layer protocol, EOS needs […]

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Bitcoin ABC Gets BCH Ticker on Huobi Exchange

The cryptocurrency exchange has informed users that Bitcoin Cash ABC will retain the ticker BCH. Huobi Reveals Chain Split Details One of the leading cryptocurrency exchanges, Huobi, has announced details about the branched chains of Bitcoin Cash and how the firm will handle customer balances and trading going ahead. According to the announcement which the […]

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Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in Australia

Ivypay, a cryptocurrency-based payments platform, was launched in Australia on Nov. 19. The service — built by blockchain company Ivy in partnership with Hiveex, a cryptocurrency broker — allows Australians to use digital currencies to pay bills and transfer money directly into their bank accounts. Also Read: Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common […]

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‘We Are Against ICO’ – P2P Bitcoin Exchange Hodl Hodl Secures Funding [Interview]

Bitcoinist caught up with Max Keidun and Roman Snitko, CEO and CTO of HodlHodl, whose peer-to-peer bitcoin trading platform and exchange just secured a private funding round from some notable members of the Bitcoin community.  We’re …happy to be raising money from bitcoiners, and not VC funds – Hodl Hodl CEO Bitcoinist: Why did you decide to hold a […]

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Ripple Price Analysis: XRP/USD Triangle Break to Confirm Upside Momentum

Ripple continues to trade inside its longer-term ascending channel but has formed lower highs and higher lows to consolidate in a symmetrical triangle. Price is hovering around the resistance and a break higher could confirm the bullish momentum. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance […]

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The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta

In today’s edition of The Daily, we focus on the intersection between the cryptocurrency industry and gaming. A game startup recently raised $16 million from investors such as Okcoin and Galaxy Digital, while the developers of a game backed by the investment arm of Coinbase have released a new gameplay trailer. And in related news, […]

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Bitcoin (BTC) Price Bloodbath Continues as ‘Unsustainable’ BCH War Rages

Bitcoin price slides another 5% today as the civil war raging within Bitcoin Cash continues to impact cryptocurrency markets and altcoins taking hits topping 10 percent November 19. Bitcoin Price Slides as Uncertainty Spreads Data from Coinmarketcap showed a gloomy picture for altcoin investors at press time, the top twenty assets by market cap all […]

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Bitcoin Price Analysis: BTC/USD Upside and Downside Targets

Bitcoin appears to be forming a bearish continuation flag pattern on its short-term chart, and the longer-term view shows how low it might go. It can be seen that the next area of interest is just above the $4,000 mark then at $3,025. The 100 SMA is below the longer-term 200 SMA on this daily […]

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Bitcoin News Summary November 19, 2018

The post Bitcoin News Summary &8211 November 19, 2018 appeared first on 99 Bitcoins.nHeres what happened this week in Bitcoin in 99 seconds. &160 Markets moved sharply to the downside to a new low for 2018. The $212 billion market cap moved down to $183 billion with Bitcoin falling almost $1,000. Ethereum lost its second […]

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RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

n nn nn Bitcoin-built smart contract platform RSK a.k.a. Rootstock is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum and beyond.The company has been acquired by RIF Labs, a development lab that was established by a handful of RSKs own founders, including CEO Diego […]

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WorldMarkets Lets Bitcoin Users Trade Apple and Facebook Stocks

Bridging the gap between cryptocurrencies and traditional finance is an ongoing process. While stocks and Bitcoin may share similarities, they are also very different from one another. WorldMarkets will attempt to bring both industries closer together. Their goal is to let users trade S&P100 stocks using Bitcoin. A Bold Move by WorldMarkets It is evident […]

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KPMG: Cryptocurrency Still Far Away From a Store of Value

When Moon? Not soon according to the talking heads at KPMG. Bitcoin and other cryptocurrencies will require a bit more time before they truly function as a reliable store-of-value. We Ain’t There Yet, Says KPMG Whereas in August, KPMG reported that the blockchain industry was maturing and moving beyond experimentation, the latest study authored by KPMG, […]

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France Working on ICO Regulations

The European nation is planning to come up with laws to regulate the issuance of cryptocurrencies. ICO Regulations Soon in France France is among the few big economies across the globe that want to capitalize on the growing cryptocurrency industry. The country is willing to host cryptocurrency firms that would like to launch ICOs if […]

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BitGo Rolls out Custodial Support for the Top Stablecoins

Custodial services for cryptocurrencies are in high demand. BitGo, a global leading security firm, is in the process of supporting additional tokens. Their list is expected to grow to 100 tokens and assets by late 2018. This is another confirmation of how important it is to look beyond Bitcoin and Ethereum. BitGo Keeps Expanding its […]

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RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond. The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar […]

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Want Your DNA on the Blockchain? This Company Does, Too…

Fancy your DNA being on the blockchain? Technology startup Nebula Genomics is offering customers a new deal that includes free genome sequencing for its new blockchain-based genetic marketplace. How Does It All Work? The process seems relatively simple. Customers interested in taking part provide the company with some health-based information to get the process started. […]

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KuCoin Exchange Raises $20 Million in First Round of Funding

From being accused of operating an exit scam to recently raising millions in their first round of funding, KuCoin has come a long way in just a few months. The cryptocurrency exchange, which is based in Singapore, has previously been suspected by some of being a scam due to a misunderstanding relating to the location […]

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Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market

If there are two things a bear market’s good for, it’s building and memeing. Your portfolio might be down, but if you’re anything like crypto Twitter, your meme bank will be filled to overflowing with riches. Bloody markets make for marvelous memes. Also read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails Bears Everywhere Twelve […]

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Bitcoin to $1500? Bloomberg Analysts Make Another BTC Doomsday Prediction

Is Bitcoin about to drop even further? According to analysts at Bloomberg, the answer is a solid “yes.” Bitcoin’s Not Doing So Hot Bitcoin has been falling hard over the past few days. Previously, everybody’s favorite cryptocurrency had been trading for around $6,500, though a sudden drop to $6,200 had everyone wondering what would happen […]

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Major Venezuelan Department Store Chain Accepts Cryptocurrency

The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts […]

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‘Dr. Doom’ Nouriel Roubini Gloats over Bitcoin Price

Nocoiner Nouriel Roubini, also known as Dr. Doom, is gleefully gloating about the recent drop in Bitcoin price. The recent dramatic fall in Bitcoin price has caused quite a bit of consternation among the crypto faithful. The world’s foremost cryptocurrency had been rather steady for the last few months, trading between $6,200 and $6,800. That […]

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Cryptocurrency Markets Consolidate Near 2018 Low

The drama surrounding the recent Bitcoin Cash fork has comprised the catalyst for significant action across the cryptocurrency market, with both BCH and BTC posting new lows for 2018 on Nov. 15. Meanwhile, XRP has again overtaken ETH to rank as the second largest cryptocurrency by market capitalization. Also Read: Crypto Exchange-Traded Product Live on Swiss […]

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World’s First Crypto ETF to Be Listed on Swiss Exchange Next Week

Switzerland gives the go-ahead for the world’s first crypto exchange-traded fund to be listed next week.  Finally, a Crypto ETF Gets Approval The last couple of years have seen many failed attempts by cryptocurrency firms to get approval from regulators for Bitcoin-based Exchange Traded Funds (ETFs) especially in the US. A crypto-based ETF would pave […]

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Smart Contract Developers May Be Held Liable by the SEC

Nick Szabo invented them but has reservations about what they’ve become. Vitalik Buterin adopted them but now regrets using their name. Dangerous when coded badly, and powerful when used intelligently, smart contracts have become a critical component of the cryptoconomy. Their code serves as the bond that glues the tokenized ecosystem together. Now, just to […]

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Markets Update: Traders Expecting Major BCH Action When Exchanges Open

It’s been a pretty hectic week for cryptocurrency enthusiasts as the infamous Bitcoin Cash hash war has unfolded. Overall, the cryptocurrency economy has lost billions since our last markets update, with the entire market worth roughly $188 billion on Sunday, Nov. 18. Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide    Riding […]

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HODLers May Go Through the Five Stages of Grief

HODLers are likely to experience an array of different feelings and emotions throughout their crypto investing journeys including grief – approximately five unique stages of grief. What is HODLing? HODLing is the act of retaining one’s crypto investments safely in a wallet somewhere and refusing to sell no matter how bad (or good) things may […]

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The Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet

In Sunday’s edition of The Daily, we cover the upcoming launch of a new Visa debit card that will allow users in the U.S. to spend cryptocurrencies through conversion to fiat. We also mention the updated Coinbase wallet and take a look at an educational course that’s going to reward students with digital coins.     […]

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Nvidia Shares Plummet Due to Cryptocurrency Mining Slowdown

Chip designer Nvidia has its shares drop by over 19 percent due to a slowdown in cryptocurrency mining and a glut of inventory. What a difference a year makes. Nvidia was crushing it in 2017 as the company enjoyed stellar revenue and demand for its products as the Bitcoin bull run took off. The chip […]

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Switzerland Approves First Bitcoin-Cryptocurrency ETF with Ticker $HODL

The Bitcoin ETF $HODL, offered by Amun Crypto, will begin trading on Switzerland’s Six Swiss Exchange beginning next week. The ETF’s earnings will be linked to five different cryptocurrencies. The ETF is being offered by Amun Crypto, a U.K. based fintech company. It will begin trading on Six Swiss Exchange next week. Six is Switzerland’s chief […]

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Twitter: Elon Musk Bitcoin Scam Due to Third-Party App

Twitter says that a third-party app is responsible for the ongoing Bitcoin scam using a fake Elon Musk account. Twitter is home to a lot of things: flame wars, hashtags, and an ongoing Bitcoin scam. Quite a few high profile accounts have been hijacked to promote a scam featuring a fake Elon Musk account. The […]

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Cryptocurrency Exchange-Traded Product Live on Swiss Stock Exchange Next Week

An exchange-traded product tracking an index of five leading cryptocurrencies reportedly will start trading on Switzerland’s Six stock exchange next week. The product will be available to both retail and institutional investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Trading on Six Swiss Exchange The Financial Times reported on Friday that Switzerland’s Six […]

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SEC Shares New Thoughts and Ideas Regarding Crypto Regulation

The Securities and Exchange Commission (SEC) has released a public statement regarding crypto asset trading and the companies that issue such assets. Blockchain Has Ups and Downs In the statement, the SEC explains that while they acknowledge the benefits of technological advancements like blockchain, they’ve had specific impacts on the trading market that ultimately require […]

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Bitcoin Permabull Tom Lee Slashes End of Year Price Forecast to $15,000

Tom Lee is still bullish on Bitcoin, just not optimistic enough to call $25,000 anymore. The Fundstrat chief recently slashed his price forecast for the top-ranked cryptocurrency by almost 50 percent in the wake of the current market slump. New Bitcoin Price Prediction According to CNBC, Lee significantly lowered his end-of-year price prediction for Bitcoin […]

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More Crypto Exchanges Opening in Thailand, SEC Warns Approvals Needed

A growing number of companies are entering the cryptocurrency space in Thailand. However, they have not applied for approval from the Thai Securities and Exchange Commission (SEC), prompting the regulator to issue several warnings against unapproved operators. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Companies Entering Thai Crypto Space Since Thailand enacted its […]

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DASH Sent Three Million Transactions in a One-Day Stress Test

Cryptocurrency networks are mainly used to send financial transactions. The capacity at which such transfers can occur helps shape the future of individual projects. For Dash, its recent “stress test” proved to be quite successful. Over 3 million transactions were recorded with relatively minor issues reported. A very big milestone for the altcoin network. The […]

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The Cobo Vault Hardware Wallet Will Outlive You

The arms race between hardware wallet manufacturers is showing no signs of abating. Every new device must be more secure, robust and impregnable than its predecessor to claim the bragging rights and earn the shekels of the crypto rich, to whom nothing but the best will do. The Cobo Vault is the latest hardware wallet […]

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How To Buy S&P 100 Stocks With Bitcoin

How to buy stocks with bitcoin? Perhaps surprisingly, stocks and shares have been unnecessarily difficult to buy using bitcoin, despite many brokers offering trades in both. However, trading platform WorldMarkets.io has just listed the entire Standard and Poor 100 stocks, to trade against bitcoin. Buy Stocks With Bitcoin: Rare As Hens Teeth Despite the seemingly natural cross-over […]

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Ripple’s XRP Leapfrogs Past Ethereum Marketcap by More Than $1 Billion

All cryptocurrency and digital asset projects are ranked by market cap. Bitcoin remains the top dog despite a very bearish 2018. Behind Bitcoin, Ethereum is no longer the number two. Instead, Ripple’s XRP has overtaken Ethereum in terms of total valuation. This is a direct result of the most recent market dip, although this change […]

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Crypto Experts From Sanctioned Countries to Receive Training in Crimea

The leading crypto industry association in Crimea has proposed establishing an international training center to prepare experts from countries that have been placed under western sanctions. The idea is to use advanced technologies associated with cryptocurrencies to attract foreign investors to these jurisdictions. Also read: Estonia Issues Over 900 Licenses to Cryptocurrency Businesses Plan for […]

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Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails

It’s been a crazy week in cryptocurrency land as a large portion of the community watched the Bitcoin Cash (BCH) network split into two chains on Nov. 15. Following the 24 hours of the BCH hash war, an interesting message was found stemming from block height 9 that claims there is an “issue with Segwit.” […]

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Eight Arrested in Japan on Suspicion of Running Multi-million-dollar Crypto Pyramid Scheme

Japan is the latest country to be hit with a cryptocurrency pyramid scheme. This one spans across 44 prefectures in the country, involves approximately 6,000 victims and has raised almost $70 million. Ponzi and pyramid schemes definitely appear to be the scams of choice for crypto fraudsters out there. We’ve reported on alleged cases happening all over […]

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One Cryptocurrency to HODL, Two to FODL (YOYO, BCHABC, BCHSV)

Forks can be beneficial to the cryptocurrency space. This is specifically true when they add desired attributes to underlying cryptocurrencies. In many instances, forks do not bring any benefit but are the result of infighting. Cryptocurrency Chaos: BCHSV and BCHABC Cryptocurrencies dealing with infighting and hash wars should be avoided while coins reaching milestones with […]

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Hash Wars: BCH Proponents Confident a Resolution Is in Sight

On Saturday, Nov. 17, the Bitcoin Cash (BCH) community entered the third day of its hash war, with many supporters growing confident that a resolution may be in sight. Close to 300 blocks have been mined on the Bitcoin ABC side of the chain using the new consensus ruleset, which has also given the network […]

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NYDIG Gets License to Operate Cryptocurrency Business in New York

The New York Digital Investment Group (NYDIG) has obtained regulatory approval for running cryptocurrency custody and trading operations in New York. NYDIG Gets BitLicense A BitLicense is a mandatory business license required by any firm which intends to deal in virtual currencies in the state of New York. The permit is issued by the New […]

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The Daily: New Woe for ICOs, Bitcoin Cash Trading Resumes

In Saturday’s edition of The Daily, we examine Q3’s figures for initial coin offerings, and ponder where they go from here in the wake of fresh SEC scrutiny. We also take a look at how exchanges are reacting to the Bitcoin Cash fork. Some platforms have already enabled deposits and withdrawals, while others are waiting […]

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Nvidia Enters a Nosedive After an Underwhelming Third Quarter

Tech company Nvdia has entered a nosedive after Q3 results reveal an underwhelming performance. Nvidia experienced a 19 drop in its stock price. On Thursday, tech company and chip maker Nvidia experienced a 19 drop in its stock price. The drop comes amid an unfavorable and underwhelming progress over Q3. Despite this NBC reports on Nidia’s earnings report, […]

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Home Crypto Miner Launched by Coinbase-Backed Start-Up at $799

Coinmine, a start-up backed by Coinbase has launched a trendy and power-friendly device for home mining of cryptocurrency at a price tag of $799. The Rise of Crypto Mining As Bitcoin and cryptocurrency prices shot up last year, so did the public interest in mining them. An entire industry of hardware manufacturers, cloud mining companies […]

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Off-The-Grid Bitcoin Transactions Now a Reality

Following October’s news that Samourai Wallet was preparing to enable internet free bitcoin transactions, somebody only went and tried it. A Twitter user from New Zealand documented his off-line experiments online. Another Fine Mesh The ability to send bitcoin (BTC) 00 without internet or data connection relies on the goTenna mesh network. First, Samourai wallet creates […]

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Estonia Issues Over 900 Licenses to Cryptocurrency Businesses

In less than a year since Estonia introduced licensing for companies operating in the cryptocurrency industry, the number of licenses issued has surpassed 900. Authorities in the Baltic country have adopted a rather progressive approach to regulating the crypto space but startups have complained that local banks are still reluctant to offer them regular services. […]

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REcoin ICO Scammer Pleads Guilty in Court

The accused in the REcoin ICO scam admitted to committing the fraud and is likely to be sentenced under violation of securities laws. Accused Pleads Guilty Maksim Zaslavskiy charged with running two Initial Coin offering (ICO) frauds has pleaded guilty, on Thursday afternoon at a court in the New York borough of Brooklyn. He admitted […]

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Cryptocurrency Miners in this U.S. County Could Soon be Facing Higher Electricity Bills

A county in the U.S. state of Washington is seeking to impose higher electricity rates for cryptocurrency miners. Cryptocurrency mining is a touchy subject, especially for authorities in the cities or municipalities where the operations are happening. This is mainly due to the amount of power used, which, in some cases, far exceeds the average […]

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Mythical Games Raises $16 Million to Develop Blockchain Gaming on EOS

Startup Mythical Games has emerged in the blockchain and gaming space, announcing $16 million in Series A funding. Not to mention a founding team of ex-Activision, Blizzard, and Yahoo employees. Mythical Games has been quietly busy. First tweeted on November 15th and announced today, November 17th, the company’s first EOS blockchain-based game will premier early in […]

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A Brief Introduction to Voluntaryism for Crypto Neophytes

The blockchain space appeals to freethinkers, entrepreneurs, and visionaries. Many of these iconoclasts practice voluntaryism, although a philosophy which new entrants may have not heard about. This is because they entered into the ecosystem from the financial realm, and their sole focus has been on accumulating more wealth. This is a shame. The impetus for cypherpunks […]

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Bitcoin Price Analysis: Will Bitcoin Bite Back?

Now that the Bitcoin Cash hard fork is complete, will Bitcoin bounce back from a $1,200 loss? Market Overview Yesterday’s 8% move from $5,188 to $5,700 was nice but does the King of Cryptocurrencies have any other cards up its sleeve? At the moment bull volume is nearly non-existent and as the weekend approaches it […]

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UK Needs to Take Lead on Crypto to Stay Ahead of Curve, Says eToro’s Iqbal Gandham

The U.K. needs to take the lead in “fostering innovation” in the crypto space, according to the chair of CryptoUK, who suggested Bitcoin has the potential to change global institutions. No Reason Why It Can’t That’s according to Iqbal V. Gandham, managing director of eToro. He’s also chair of the UK Cryptocurrency Association (CryptoUK). In a report […]

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A New Approach to Thwarting Selfish Bitcoin Miners

n nn nn Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly on purpose or by accident, a loophole is opened for miners to unfairly increase their profits in relation to other miners.However, researchers Cyril Grunspan and Ricardo Prez-Marco claim […]

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After the Fork Heres How Exchanges Are Dealing With Bitcoin Cash

n nn nn The smoke is still clearing from Bitcoin Cashs hard fork, but exchanges have already moved in to add support for the products of the skirmish.On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance […]

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ICO Issuers Settle Registration Charges With SEC

n nn nn The U.S. Securities and Exchange Commission SEC has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings ICOs in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. […]

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Progress Report Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

n nn nn The Lightning Network continues to post steady growth.According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node at time of publication. Most of this growth has come in the later half of 2018, as […]

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We Did This With Gold Could VanEck Be Bitcoins Best Bet for an ETF

n nn nn Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund ETF is inevitable. And hes optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on […]

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One Day After the Bitcoin Cash Hard Fork Takeaways and Latest Developments

n nn nn Bitcoin Cash, the big block project that forked away from the Bitcoin blockchain in August 2017, hard forked split into two different coins Bitcoin Cash ABC BCH ABC and Bitcoin Cash SV BCH SV.At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native […]

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Free Keene Activists Launch Bitcoin Embassy New Hampshire

Keene, New Hampshire is well known city for libertarian philosophies and more recently as a hotbed for cryptocurrencies. On Monday, Nov. 12, crypto advocates from the region have announced the launch of a new educational center called the Bitcoin Embassy New Hampshire. Also Read: Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption New Hampshire Bitcoin […]

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Distributed Ledger Technology is an Option for Cross-border Payments According to Canada, UK and Singapore

Three international financial institutions are looking into the benefits of using distributed ledger technology (DLT) to improve cross-border payment processes. Traditional cross-border payments can be expensive. While financial institutions may stand to benefit by charging fees and commissions, it tends to be the consumers, who are forced to pay these fees, that suffer. In some […]

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Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency

Muslim countries around the world are planning to push back against the U.S. dollar’s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a “sanctioning tool,” charged Erol Yarar, chairman of the Muslim-focused business lobby group International Business Forum (IBF). It has lost its purpose […]

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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV). At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH […]

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Binance Now Supports Two Stablecoins Following USDC Addition

Stablecoins continue to play a role of importance in the cryptocurrency industry. Binance, the world’s leading altcoin exchange, confirms that the USDC asset will be listed on the exchange and paired against Bitcoin and BNB. More Stablecoins for Binance No one can deny stablecoins are making their mark. Over half a dozen such currencies are in […]

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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?

Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world. The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on the space’s […]

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IDEX Lists Ride Sharing Company RedCab LLC’s REDC Token

IDEX, the only Ethereum-based, fully decentralized crypto exchange with real-time trading and high transaction throughput has announced the listing of RedCab LLC’s REDC token. RedCab, a decentralized peer-to-peer transportation solution entirely powered by blockchain technology, announced the listing this week with the Panama-based exchange. IDEX is recognized as the most advanced Ethereum DEX in the […]

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Progress Report: Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

The Lightning Network continues to post steady growth. According to data from 1ML, the network is now supported by roughly 4,069 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node (at time of publication). Most of this growth has come in the later half of 2018, as the average […]

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‘I Could Gloat’ – BTC Price On Its Way to Zero, Nouriel Roubini Says

With BTC price trading at its lowest since October 2017, ardent nocoiner Nouriel Roubini has taken another shot at Bitcoin. “The Mother of All Toxic Polutions” Nouriel Roubini, currently a professor at the New York University Stern School of Business, takes every chance he gets to bash cryptocurrencies and their “bubbly” and “scammy” nature. Naturally, […]

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SEC Settles Charges With Two ICO Issuers

The U.S. Securities and Exchange Commission (SEC) has settled charges with two initial coin offering issuers. These cases are the commission’s first to impose civil penalties “solely for ICO securities offering registration violations.” Both companies have agreed to refund investors, pay penalties, and register their tokens as securities. Also read: Yahoo! Japan Confirms Entrance Into the […]

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ICO Issuers Settle Registration Charges With SEC

The U.S. Securities and Exchange Commission (SEC) has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings (ICOs) in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. The startups indicted […]

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Japan’s FSA Aims to Regulate Custodial Cryptocurrency Wallet Providers

Regulating the cryptocurrency industry requires a multi-pronged approach. Japanese officials have shown an open mind toward introducing new guidelines. Their current plan is to regulate specific wallet service providers. This will help bring more legitimacy to the cryptocurrency industry and the associated companies. Guidelines for Crypto Wallet Providers Bitcoin regulation in Japan has taken on […]

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Diceland Technology’s Success — the First Island on the Blockchain

DiceLand technology, developed by WestLand Storage, was first used on the whole region, and more precisely on an island in the Caribbean. This was the first time in the history of Blockchain, when the development was applied in full on such a significant scale. And taking into the fact that the technology is aimed at […]

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Bitcoin and Blockchain: Banks Must Embrace or “Bite the Dust”

With all the constant news about the price of Bitcoin, it’s possible to forget what it was invented for. Cryptocurrency trading plays only a small role in what Bitcoin and blockchain technology can do for our world. Most importantly, they can end the hegemony central banks have on the way we make payments to each […]

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EOS: Lack of Decentralization Exposed with Reversed Transaction

Blockchain protocol EOS, run by Block.one, has just become the subject of a new crypto scandal. It all began on November 9th, when a picture emerged on Reddit of a moderator on EOS reversing a transaction that had already been confirmed. Decentralized? According to the Reddit user u/auti9003, a reverse transaction occurred without the owner’s […]

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After the Fork: Here’s How Exchanges Are Dealing With Bitcoin Cash

The smoke is still clearing from Bitcoin Cash’s hard fork, but exchanges have already moved in to add support for the products of the skirmish. On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin […]

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A New Approach to Thwarting “Selfish” Bitcoin Miners

Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly (on purpose or by accident), a loophole is opened for miners to unfairly increase their profits in relation to other miners. However, researchers Cyril Grunspan and Ricardo Pérez-Marco claim that by […]

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Bitcoin Price Inches Back from Year Low – But Why Did the Drop Happen in the First Place?

Bitcoin is trapped in some of the most bearish conditions this year. At the time of writing, it is trading for a little over $5,614 – a slight improvement over yesterday’s year low of $5,358. The question on everyone’s mind now is “What caused the price drop and will it rebound?” What’s Going on, Here? […]

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The ECB is Right: Bitcoin Was ‘Spawned’ By the Financial Crisis (Created by the ECB)

Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.” Cœuré: ‘Lightning May Strike Me’ In a speech at the Economics of Payments IX conference in Basel, Switzerland, Benoît Cœuré, Chair of the Committee […]

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Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen

It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently […]

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ECB’s Board Member: Central Bank Digital Currencies Unlikely in the Next Decade

Central bank-issued digital currencies have somewhat become a widely discussed topic, as more and more countries begin exploring them. However, according to a board member of the European Central Bank, they won’t be issued within the next decade. ECB on Central Bank Digital Currencies A board member of EU’s Central Bank Benoit Coeure shared his […]

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ECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits

In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future. In other news, Ripple Labs has moved to consolidate three lawsuits into a single federal suit, while the police […]

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Ron Paul Survey: Half Would Choose Bitcoin For 10 Year Investment

Most people would choose to invest in Bitcoin over gold, fiat currency, and bonds, according to a survey by Ron Paul which continues on Twitter November 16. Bitcoin Is Best Future-proof Investment The former US lawmaker and presidential candidate, well known for his advocacy of the cryptocurrency, has so far yielded responses from over 58,000 people. […]

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Bitcoin Cash Hard Fork Creates Two Chains

The different implementations of the BCH protocols have resulted in the creation of two chain splits. The Battle of Egos The last couple of weeks have witnessed high-intensity drama around the hard fork of Bitcoin Cash (BCH), the fourth largest cryptocurrency by market cap. The hard fork of the BCH blockchain, which had forked off the […]

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Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of writing on Friday, Nvidia was down 16.01 percent at $169.99. Also Read: Canaan Hong Kong […]

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BitStarz Player Wins a Whopping $70,000 – Are You Feeling Lucky?

There are many pretenders to the crown, but there really is only one king of cryptocurrency casinos. BitStarz has been changing the gaming scene since day one, with it able to boast a stacked 1800+ game collection, 10 minutes cashouts, and the friendliest customer service around. Now, after an electric 2018, it can add big […]

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The ‘Wal-Mart’ of Venezuela Has Started Accepting Bitcoin

As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept […]

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Bitcoin Mining Giant Canaan’s IPO Postponed as Application Lapses

Cryptocurrency mining giant Canaan has reportedly let its application for a Hong Kong IPO lapse. Sources close to the matter said that the IPO would not happen this year. IPO Postponed The second largest cryptocurrency mining equipment manufacturer Canaan Inc., has reportedly let its Hong Kong IPO application lapse, after having it filed earlier in […]

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The Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar

In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching operations in Gibraltar, where it has obtained a distributed ledger technology license. And Swissone, a Zug-based digital […]

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Blockchain Adoption in Energy Sector to Grow by 65%, Says Research

Market research conducted by Technavio has predicted that use of blockchain technology in the energy industry will increase between 2019 and 2023. Energy Sector Embracing Blockchain While blockchain technology was invented for facilitating peer-to-peer money transfers, it is finding its use within multiple industries including energy. Technavio, a leading market research company has forecast growing […]

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Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also read: Growing Number of Crypto Companies Operating From Belarus Crypto-To-Crypto Transactions Will Not Be Taxed The changes, long-awaited by […]

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Why the BCash Proxy War Could Be Very Bullish for Bitcoin Price

Despite Bitcoin Cash ABC looking like it will win the BCash civil war with notable support from  John McAfee and Bitstamp, the ugliness of the sideshow could actually have a bullish impact on Bitcoin (BTC) price.  Pledge of Allegiance Yesterday, John McAfee came across as if he had just binge-watched several ‘Game of Thrones’ box-sets […]

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Ripple Price Analysis: XRP/USD Holding Its Ground Despite Market Selloff

Ripple is keeping its head above the bottom of the ascending channel visible on the 4-hour chart as bulls continue to defend support. XRP has overtaken ethereum in the top two spots of cryptocurrency rankings based on market cap thanks to its resilience so far. The 100 SMA is above the longer-term 200 SMA on […]

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Web Giants Censor Bitchute and Bloom

Another week, another slew of projects banned by major web platforms. Paypal has ejected Bitchute, a Youtube competitor that champions free speech, while Facebook has banned ad campaigns by Bloom that promoted a rival service. The deplatforming of these projects has reinforced the case for censorship-resistant platforms. Also read: Miner Abandons Swedish County, Leaves $1.5M in […]

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Bitcoin Price Analysis: BTC/USD Quick Pullback Opportunity

Bitcoin recently made a sharp drop but has found support at the $5,200 area where bulls were likely waiting to buy on dips. This could spur a pullback to the broken long-term support around the $6,000 handle. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8% level lines […]

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Ripple Price Analysis: Will XRP Eventually Usurp Bitcoin’s Throne?

Yesterday XRP overtook Ethereum and claimed the #2 spot on CoinMarketCap. Is Bitcoin next? Market Overview It’s too early to determine whether the market has ‘recovered’ from yesterday’s unannounced slaughter. Despite this, analysts and savvy traders will be looking to see if any altcoins set a precedent by dislodging from the downturn caused by BCH […]

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Bitcoin Scammer Hacks More High Profile Twitter Accounts

The fake Elon Musk Bitcoin scam on Twitter managed to hack several high profile accounts to make the scam appear legit. If there’s one thing that hackers can be accused of, it’s the ability to be highly inventive. Case in point is the recent Bitcoin scam carried out on Twitter. A fake account pretending to […]

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Stablecoins Demand More Trust than Fiat Currency

This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of national currencies — are all the rage right now. Tether, in particular, is on everyone’s […]

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Coinbase-Backed Startup Releases Home Cryptocurrency Miner

A startup backed by Coinbase and Arrington Ventures has launched a cryptocurrency miner for domestic use. The new device, however, won’t be powerful enough to mine Bitcoin (BTC). Mass-Market Appeal Coinmine — a startup ran by computer scientist Farb Nivi and industrial designer Justin Lambert — has taken the challenge to bring cryptocurrency mining to the […]

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Bitmain Is Restructuring, But Jihan Wu Still a Board Director Source

n nn nn Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firms board director while confirming that the board has undergone restructuring.Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a […]

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Canadian Court Takes Custody of Crypto Exchanges Frozen Funds

n nn nn The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce CIBC.According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto […]

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Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

n nn nn In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by […]

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IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

n nn nn With contributing reporting from Jimmy Aki.Christine Lagarde, head of the International Monetary Fund IMF, suggested a new course of action for central banks around the world turn their fiat currencies digital.The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled Winds of Change The New Case […]

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New York Department of Financial Services Issues 14th BitLicense

n nn nn Today, November 14, 2018, the New York State Department of Financial Services DFS announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called BitLicense or Virtual Currency License application is the […]

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Koreas KAIST University Adds Blockchain Application Courses to Curriculum

n nn nn South Koreas leading technology university, the Korea Advanced Institute of Science and Technology KAIST, is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.Were kicking things off with a seminar at the electrical engineering school […]

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Op Ed Cryptocurrencys Unrealized Opportunities for U.S. Tax Professionals

n nn nn The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While weve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, […]

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

n nn nn Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he […]

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Binance Will Support USDC Trading Starting November 17

n nn nn Binance one of the most popular digital currency exchanges across the globe has announced that it will be adding the fiat-collateralized stablecoin USD Coin USDC to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binances own token, BNB.The company made the announcement on […]

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Bitcoin Price Analysis Yearly Support Breaks as Bitcoin Tests Underlying Demand

n nn nn After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017Figure 1 BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16 yesterday as the market sliced through the long held support like a knife […]

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Japanese Regulator Unveils Plan to Regulate Cryptocurrency Wallet Services

Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The Plan The Financial Services Agency (FSA) held its ninth cryptocurrency […]

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Circuit Capital: Mainstream Bitcoin and Blockchain Adoption Is Growing

San Francisco and Singapore-based hedge fund Circuit Capital is claiming that bitcoin and cryptocurrency adoption is growing, and that the institutional presence in the digital asset arena is stronger than ever. The Price Isn’t So Hot At the time of writing, the cryptocurrency space is undergoing a massive price slump. Bitcoin, for example, is at […]

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Four More Fake Crypto Wallets Removed From Google Play Store

Android users remain subject to numerous malware threats. Criminals continue to target cryptocurrency users at every possible opportunity. A new batch of fake crypto apps has been identified on Google Play Store. Unsurprisingly, they all mask as legitimate wallets, despite having a more nefarious purpose. New Google Play Store Threats Arise For cryptocurrency users, mobile […]

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French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally Since 2014

France’s financial markets regulator, the Autorité des marchés financiers (AMF), has published a report examining trends relating to initial coin offerings. The AMF describes ICOs as a “marginal” method of financing, estimating that the global ICO industry has raised €19.4 billion ($21.9 billion) since 2014. Also Read: Russian Developers to Help Iran Build Its Crypto-Economy Significant […]

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The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019

The operator of Germany’s only regulated cryptocurrency exchange has confirmed it will de facto become a bank after securing a 100 percent takeover of Tremmel Wertpapierhandelsbank. Bitcoin.de Buys Tremmel Wertpapierhandelsbank Bitcoin Group SE, which operates Bitcoin.de, will be able to offer a raft of services connected with cryptocurrency thanks to a banking license once the […]

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Fortnite V-Bucks, Cryptocurrency Top Teens’ Christmas Wish List

The Christmas holidays are almost upon us and with it comes the inevitable question “what do you want for Christmas?” For teens in the United States, it seems two new trends are emerging. They either want V-Bucks for Fortnite or cryptocurrency. That latter part is somewhat surprising, though it also shows the maturity of Bitcoin […]

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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017: Figure 1: BTC-USD, Daily Candles, Broken Support Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through […]

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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U.S. miner NGDC, appears to have suddenly fled from the area, leaving $1.55 million in unpaid electricity bills in its wake. Also Read: Seba Crypto Eyes Swiss Bank License, Independent Reserve Integrates Tax […]

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New Data Shows Ethereum GPU Mining No Longer Profitable

GPU crypto mining is no longer profitable on your own. That’s according to new data that shows the profitability of Ethereum GPU mining has fallen from $150 to $0 in 17 months. Is Ethereum GPU Mining Still Profitable? Last year, crypto mining proved to be a profitable side business for tech savvy people who had […]

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Sberbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years. Blockchain Adoption Gref believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to […]

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Coinbase CTO Believes Home Cryptocurrency Mining is the Future with Coinmine

Coinbase’s CTO, Balaji Srinivasan, has just announced his thoughts of the future of home cryptocurrency mining. Bitcoin mining and crypto mining in general are a huge industry, which exploded last year when digital currency interest hit mainstream. A new startup is trying to take another stab at popularizing at-home cryptocurrency mining, a business model that […]

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Coinbase Ventures Backs Home Crypto Mining Startup Coinmine

Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justin Lambert. The company has reportedly raised about $2 million from VC funds and angel investors such as Coinbase Ventures and Tinder Chief Product Officer Brian Norgard. Also Read: Kucoin […]

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The BitCoen Token Sale Is Complete

On February 15, 2018, the BitCoen project completed its token sale, having successfully reached the declared hard cap of $2.5 million. The BitCoen team is working to get the BitCoen token listed on popular crypto-exchanges. “The BitCoen token will undergo all the necessary checks, and we expect that in mid-March it will be traded on […]

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Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018

Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. Canaan Allows $400 Million IPO Application to Lapse According to Reuters, Canaan Creative allowed its $400 million […]

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Hash Wars: The Bitcoin Cash Hard Fork Has Begun

Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations started the fork process in order to change the Bitcoin Cash protocol ruleset. Currently, at the time of publication, […]

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Market Value of Bitcoin Falls Below $100 Billion, First Time Since October

Bitcoin has fallen below the $100 billion market cap value, a figure not seen since it happened last October. Market Blood Bath The last 24 hours have not been good for the crypto industry. Yesterday, the market became a sea of red as prices dropped between 10-20 percent in value. Bitcoin, which has been trading […]

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Binance Will Support USDC Trading Starting November 17

Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB. The company made the announcement on […]

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Canaan’s Hong Kong Listing Plans in Limbo

Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s application for an initial public offering (IPO) expired on Nov. 14 — exactly six months after it submitted the documents to the Asian bourse. Also Read: Bitcoin ATMs Most Common Scam Payment Method […]

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Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap

Ripple (XRP) has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment. Only $100k Separates Ripple and Ethereum As data from Coinmarketcap confirms, Ripple’s XRP token is now the largest altcoin, losing less than Ethereum in the past 24 hours. As a result, ETH is now in the third-largest cryptocurrency, […]

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Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been […]