Cryptocurrency news

• Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher

  08-09-2018 23:30
  Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains. Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a
  The post Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher appeared first on CCN
  
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• UPS Plans to Streamline Logistics via Blockchains

  08-09-2018 23:00 via crypto-news.net
  United Parcel Service (UPS), a century-old company, asserts that using blockchain technology can help with managing the global supply chain by streamlining package delivery logistics. The US Patent & Trademark Office has published documents which show that UPS filed for several patents in connection to blockchain technology as well as a DLT, which are to be used for routing packages in a globally managed supply chain, including multiple carriers.
  The patent application was submitted on 16th
  
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• Australia’s ASIC Reaffirms Crypto Protection Stance Without Stifling Innovation

  08-09-2018 22:30 via newsbtc.com
  The main Australian financial regulator has just published its 2018 to 2022 corporate plan. In the document, the Australian Securities and Investments Commission (ASIC) states that it will keep a watchful eye on cryptocurrency and will regulate it to minimise harm whilst preserving the innovative potential of the space.
  ASIC’s Focus on Harm Reduction Consistent with Previous Stance on Crypto
  The Australian Securities and Investments Commission, which confusingly (at least for us crypto fol
  
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• Ethereum Down to $200 As Investor Confidence Crisis Looms

  08-09-2018 21:05 via newsbtc.com
  The Ethereum bearish market hasn’t come to an end yet.
  The month of September has been particularly hard on the cryptocurrency as it quickly lost the $300 handle earlier this month, and is already threatening to consistently dive below the $200 area.
  Mike McGlone, a commodity strategist at Bloomberg Intelligence, said Ether may fall further to a support target of $155.
  Ethereum Crisis Driven by Increased Competition, Lack of Mainstream Adoption and FUD
  The open-source, public, blockchain-b
  
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• A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

  08-09-2018 21:00
  The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur.
  The post A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong appeared first on CCN
  
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• OKEx Launched Partner Exchange Program to Nurture a New Generation of Digital Asset Exchanges

  08-09-2018 20:13
  This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The world-leading digital asset exchange OKEx has recently launched its Partner Exchange Program, which not only offers an opportunity for the far-sighted teams to own a world’s leading
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• Fundstrat Tech Guru: Bitcoin Bulls Lose Upper Hand After Very Damaging Drop

  08-09-2018 19:45 via newsbtc.com
  According to a notable technical analyst, the recent Bitcoin price drop significantly deteriorated the case for a pending market reversal, signaling that bulls must do a significantly greater amount of work in order to reverse the persisting bear market.
  Rob Sluymer of Fundstrat Global Advisors first claimed that Bitcoin bulls must defend $6,800 and $6,600 a day before the major price drop, where Bitcoin fell from nearly $7,400 to its current levels of $6,400. Sluymer theorized that a drop below
  
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• Uzbekistan is Licensing Crypto Exchanges, Mining Centers, and ICOs

  08-09-2018 19:30
  The Korean Blockchain Business Association (KOBEA) and the government of Uzbekistan have signed a memorandum of understanding (MoU) to establish the country’s first government-licensed crypto exchange. The National Agency of Project Management (NAPM) under the president of the Republic of Uzbekistan settled a direct partnership with KOBEA to facilitate the growth of the country’s cryptocurrency
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• Dash Breaks Bear Paralysis as Strong Fundamentals Add 25% Gains

  08-09-2018 18:09
  Dash on Saturday continued to trend upwards amid a strong buying sentiment phase that started mid-week. The DASH/USD pair on Wednesday has established its weekly low towards 156.60-fiat. After that, the pair underwent a decent recovery towards 186.70-fiat intraday high, crossing through crucial resistance areas during the Thursday’s trading session. The sentiment continued to flourish
  The post Dash Breaks Bear Paralysis as Strong Fundamentals Add 25% Gains appeared first on CCN
  
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• Biser Community Meet up at Hong Kong Disney

  08-09-2018 15:44
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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• Guest Spot: Who or What Can Put an End to Bitcoin?

  08-09-2018 15:15
  Over the past few years, Bitcoin has experienced a huge number of attacks and external criticism, getting a reputation of Antifragile. This term was coined by Nassim Nicholas Taleb and describes the phenomenon when something becomes popular under unfavorable conditions. “Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and
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• Bitcoin Price Stabilizes at $6,400 While Analyst Sticks to Crypto Downtrend

  08-09-2018 13:24
  Since falling from $7,400 to $6,300 on September 6, Bitcoin has stabilized in the $6,400 region, providing the crypto market with a small breathing room. Bitcoin has been fairly stable at $6,450 throughout the past 48 hours, recording a movement that has allowed tokens to minimize losses against BTC and other major cryptocurrencies. Still, Edward
  The post Bitcoin Price Stabilizes at $6,400 While Analyst Sticks to Crypto Downtrend appeared first on CCN
  
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• The Big Legal Issue Blockchain Developers Rarely Discuss

  08-09-2018 12:30
  If blockchain projects seek adoption by enterprises, their open-source license will have a material impact on the rate of adoption, say legal experts.
  
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• Terrorists Turn Away From Crypto, Criminal Money Argument No Longer Relevant

  08-09-2018 12:29 via newsbtc.com
  Foreign terrorist groups such as Isis and al-Qaeda have failed at repeatedly trying to raise money to fund their criminal operations using crypto, according to a testimony made today at a House Financial Services Committee hearing.
  Crypto Is Terrible For Terrorists, Cold Hard Cash is King
  While speaking in front of Congress today at a House Financial Services Committee hearing, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance Yaya Fanusie
  
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• Crypto Exchange Giant Binance Outlines Plans to Expand in Africa

  08-09-2018 11:50
  Binance Labs Director Benjamin Rameau has stated that Africa is front and center of the company’s expansion strategy as it bets on a vision of the 21st century driven by the world’s youngest population gaining increased access to technology and opportunities. In June, CCN reported that Binance began actualizing its African expansion strategy when it
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• This Tech Lets You Send Any Cryptocurrency to the Lightning Network

  08-09-2018 11:30
  A new type of lightning tech for swapping different types of transactions is seeing new tests with real money on the line.
  
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• Cryptocurrency Market Update: Dogecoin Continues to Defy The Drop

  08-09-2018 10:10 via newsbtc.com
  FOMO Moments
  Markets are still very depressed; Dash and Dogecoin defying the drop.
  There has been no recovery from this week’s big crypto selloff and markets are still down. Very little movement has occurred over the past couple days which leaves markets at just over $200 billion, very close to their yearly lows.
  Bitcoin found support at $6,400 and moved up slightly to $6,500 however over the past 24 hours it has remained flat. The next major resistance level for BTC is around the $6,600 m
  
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• Litecoin (LTC) Price Analysis: CASA Litecoin Lightning Nodes Could Increase LTC Demand

  08-09-2018 04:00 via newsbtc.com
  Development wise, prospects of lightning Network and Casa should boost prices. This comes at a time when Litecoin has been agitating for mass adoption by forming strategic partnerships with payment providers, news of a one-in-all solution that simplify LN node set up and channel transactions further reflect the divergence between fundamentals and price technicals. Regardless, bears are yet to breach $50 and it doesn’t matter when but once they do, LTC would be available for cheap allowing
  
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• Uzbekistan Opens Door to Cryptocurrency Exchanges, Offers Tax Benefits

  08-09-2018 03:28
  In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry. Uzbekistan Goes Fishing for Bitcoin Exchanges The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization came
  The post Uzbekistan Opens Door to Cryptocurrency Exchanges, Offers Tax Benefits appeared first on CCN
  
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• Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity

  08-09-2018 02:16
  Former Paypal COO David Sacks has joined 0x, an open protocol used for token trading in an advisory role, according to Fortune. Sacks, who is the co-founder of Harbor and a partner at Craft Ventures — a compliance service for token sales — shared the news via a tweet. The move is expected to create an
  The post Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity appeared first on CCN
  
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• EOS, Cardano, Stellar Lumens, Tron, IOTA Price Analysis: Price not a Worry, Australians Are Buying In

  08-09-2018 02:02 via newsbtc.com
  A single day of BTC dip was enough to wreck havoc in altcoins valuations. It’s because of that, that most coins under review as EOS, Cardano, Stellar Lumens, Tron and IOTA will end up bearish and likely resume a trip to new 2018 lows throughout this month. The only stand out in this red is Stellar Lumens. Jed MacCaleb’s coin might reject lower lows and print higher more so if buyers reverse Sep 5 losses closing above 25 cents. It even gets better. Recent reports indicate that Austral
  
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• Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public

  08-09-2018 01:20
  Cryptocurrency exchange Binance has recruited an executive with wide experience in initial public offerings (IPOs) as its chief financial officer. Wei Zhou, who is currently the vice chairman of gay dating platform Grindr, boasts of executive experience running into more than one-and-a-half decades. He began his career at the Hong Kong subsidiary of Goldman Sachs,
  The post Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public appeared first on CCN
  
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• Bitcoin is Dragging Other Cryptocurrencies Down as Correlation Between Them Increases

  08-09-2018 00:30 via newsbtc.com
  The increasingly high positive correlation between Bitcoin and other cryptocurrencies is bringing their prices down, now that the tide has turned against Bitcoin since the spectacular rally towards the $20,000 area in mid-December 2017.
  With a market capitalization of $111 billion, the BTC continues to recoup the cryptocurrency market dominance it once had.
  Correlation Between Bitcoin and Altcoins at 0.7, Up from 0.1 in Early 2018
  Correlation amongst assets is the degree to which they move in ta
  
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• Ripple Price Intraday Analysis: XRP Faces Tough Battle against Selloff

  08-09-2018 00:19
  On Friday, Sept. 7, the Ripple price (XRP) is recovering, although the intraday outlook is still mixed. Ripple is trading around 0.2905. Fundamentals XRP news are mostly neutral. This week, TransferGo launched a payment channel to India based on XRP technology, which will enable real time transactions. The channel is going to be available across
  The post Ripple Price Intraday Analysis: XRP Faces Tough Battle against Selloff appeared first on CCN
  
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