Cryptocurrency news

• Senators and Industry Insiders Weigh in on Crypto in Senate Hearing

  11-10-2018 23:30 via newsbtc.com
  During a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing earlier today, senators and crypto industry experts commented on the industry at large. As you might expect from a hearing on such potentially disruptive technologies, a variety of different views were expressed, both positive and negative.
  Senate Banking Committee Hears of Innovative Potential, Market Manipulation, and Crypto Criminality
  Taking a decidedly negative view of cryptocurrencies and their underlying bl
  
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• OTCXN Signs Prime Trust for Crypto Custodian Service

  11-10-2018 23:29
  Nevada trust company will provide custody for trading venues that use OTCXN technology.
  
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• Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate

  11-10-2018 23:15
  Naeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets
  The post Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate appeared first on CCN
  
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• Daily Crypto Roundup 10/11/2018

  11-10-2018 23:00
  Bitcoin’s price finally broke out to the downside recently after prolonged dormant price action. Unrest in the crypto space continues with exchange pump and dumps, stiff regulatory comments, and Malware attacks, as well as positive news of a new Coinbase listing. Catch up on today’s action:
  YoBit.net Official Pump Scheme & Scam Social Media
  The Yobit exchange is not a top 50 crypto exchange based on reported volume. They also see their fair share of skepticism and frustratio
  
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• UK Cloud Mining Service Argo Offers Bitcoin Mining at the Touch of a Button

  11-10-2018 22:30 via newsbtc.com
  London-based cloud mining firm Argo has announced that it will allow its users to mine Bitcoin using its rapidly growing platform. The number one digital currency by market capitalisation will be included next to a host of other popular cryptos from early next month.
  Argo to Include Bitcoin as Part of Its “Mining as a Software” Platform
  A cryptocurrency cloud mining company has announced that it will add Bitcoin to its roster of altcoins from November 1, 2018.
  The planet’s
  
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• SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval

  11-10-2018 22:05
  The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka
  The post SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval appeared first on CCN
  
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• Crypto Defender Spars With Famed Critic During US Senate Hearing

  11-10-2018 21:40
  Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."
  
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• Roubini Trashes Crypto and Blockchain, Calls Them a “Failing Set of Technologies”

  11-10-2018 21:30 via newsbtc.com
  American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of “Dr. Doom” intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today.
  Cryptocurrency is the “Mother of All Scams and Bubbles”
  Dr. Nouriel Roubini, who has earned the nicknames “Dr. Doom” and “permabear” through his routinely negative predictions about fin
  
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• The Young and the Restless: Millennial Males Dominant Among Crypto Investors in the US

  11-10-2018 20:57
  Age and gender seem to be crucial factors when it comes to purchasing cryptocurrencies in the world’s largest economy. According to a survey conducted by cryptocurrency startup Circle, the interest of millennial men in investing in crypto is higher than that of millennial women with 18% of the former planning on investing in crypto in
  The post The Young and the Restless: Millennial Males Dominant Among Crypto Investors in the US appeared first on CCN
  
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• Permissioned vs. Permissionless Blockchains – What are the Differences?

  11-10-2018 20:30 via crypto-news.net
  This article will describe what permissioned and permissionless blockchains are and will present a few use cases for their implementation. We will select some of the ongoing projects to describe the way that both types of blockchains operate.
  If you need to catch up with what blockchain is you can refer to out Bitcoin Master Guide which covers all of the elements that make up the technology. By the way, Bitcoin is the first, and it is a permissionless blockchain.
  Permissionless blockchains
  
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• Korea’s Finance Regulator: We Should Not Equate Cryptos with Blockchain

  11-10-2018 20:30 via newsbtc.com
  South Korea’s top financial regulator on Thursday clarified that initial coin offering (ICO) issuance will remain banned despite the government’s inclination towards setting up a blockchain hub in Seoul.
  Choi Jong-koo, the chairman of the Financial Services Commission (FSC), said during their parliament audit session that they should not confuse the potential of blockchain with the possibility of cryptocurrencies. He added that companies issuing crypto assets to generate funds f
  
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• Proprietary Exchange Tokens: Why BCIO Is Not Just Another Utility Token

  11-10-2018 20:26
  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
  The post Proprietary Exchange Tokens: Why BCIO Is Not Just Another Utility Token appeared first on CCN
  
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• Bitcoin Price Intraday Analysis: BTC/USD Bottom in Sight

  11-10-2018 19:57
  The Bitcoin-to-USD exchange rate is trading lower on Thursday, on track to restest its bottom area below 6000-fiat. The pair is trading down 5.05 percent to 6195-fiat, after recovering from its intraday low near 6045-fiat, after spending two weeks in a sideways consolidation range, awaiting breakout. Bitcoin’s inability to breach through a medium-term descending trendline,
  The post Bitcoin Price Intraday Analysis:BTC/USD Bottom in Sight appeared first on CCN
  
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• Coinbase Adds Its First Ethereum Token to Professional Trading Platform

  11-10-2018 19:50
  Coinbase announced it was listing the 0x Protocol token on its professional trading platform Thursday.
  
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• Coinbase Adds First Ethereum Token to Professional Trading Platform

  11-10-2018 19:50
  Coinbase announced it was listing the 0x Protocol token on its professional trading platform Thursday.
  
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• Analyst: Bitcoin Price Drop Could Put its Gold 2.0 Status in Jeopardy

  11-10-2018 19:30 via newsbtc.com
  Over the past month, Bitcoin saw an unprecedented period of trading within a tight range, which has finally broken for the worse. The move could mark the continuance of the persisting bear market and adds a significant amount of work for bulls looking to reverse the market trend.
  Today, Bitcoin’s price took a sharp fall from approximately $6,600 to just under $6,300, marking the first major breach of the previously established trading range. Over the past month, Bitcoin has been trading be
  
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• Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong?

  11-10-2018 18:54
  The sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of
  The post Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong? appeared first on CCN
  
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• The Moonshine Cowgirl Who Is Now Brewing a Disruptive Payment Method for a $26B Industry

  11-10-2018 18:27
  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
  The post The Moonshine Cowgirl Who Is Now Brewing a Disruptive Payment Method for a $26B Industry appeared first on CCN
  
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• Blockchain Platform Utopia Music Acquires ISPY Group to Open Untapped Revenue

  11-10-2018 18:25 via feedproxy.google.com
  
  Utopia Music, a blockchain-powered music data tracking platform, has acquired ISPY Group to open up avenues of untapped revenue in the music industry. It’s estimated that there is around $30-60 billion worth of untapped revenue in the music industry. Not only that, but royalities collected by performing rights agencies remain unallocated, unattributed, and unpaid to […]
  The post Blockchain Platform Utopia Music Acquires ISPY Group to Open Untapped Revenue appeared first on Coinjourn
  
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• Nearly $1 Billion Stolen In Crypto Hacks So Far This Year: Research

  11-10-2018 18:15
  The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen in the first nine months of 2018, research suggests.
  
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• 5 Highlights from Bitcoin-Bashing NYU Economist’s Senate Testimony

  11-10-2018 17:51
  This morning, the U.S. Senate Committee on Banking, Housing, and Urban Affairs is holding a hearing on cryptocurrency and blockchain technology, featuring testimony from New York University economist Nouriel Roubini. Roubini, as CCN reported, has been bashing bitcoin since before most of the mainstream public had become familiar with the terms “cryptocurrency” and “blockchain,” and
  The post 5 Highlights from Bitcoin-Bashing NYU Economist’s Senate Testimony appeared
  
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• Indonesian Startup Pundi X Unveils Blockchain-Based Smartphone, OS and Communication Protocol

  11-10-2018 17:27 via feedproxy.google.com
  
  Indonesian point-of-sale (POS) terminal maker Pundi X Labs (Pundi X) has unveiled the development of a new smartphone as well as an operating system and communication protocol for mobile devices based completely on blockchain technology. Pundi X claims the XPhone lets users call, send messages, and transfer files all by using blockchain instead of traditional […]
  The post Indonesian Startup Pundi X Unveils Blockchain-Based Smartphone, OS and Communication Protocol appeared first on Coinjo
  
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• Bitfinex Stops Accepting Fiat Deposits as More Banks Cut Ties

  11-10-2018 17:25
  Bitfinex’s banking arrangements have been unclear since it lost access to Wells Fargo's banking services in 2017.
  
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• Regulators Sue ICO Company That Falsely Claimed SEC Approval

  11-10-2018 17:05
  The SEC is suing an ICO organizer and his company, alleging that they claimed the agency had approved its sale.
  
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• Bitcoin Whales are Stabilizing the Market, Not Crashing it: Research

  11-10-2018 16:48
  New data from Chainalysis has revealed that bitcoin whales are a surprisingly heterogeneous group of coin holders who might be doing more good than harm to the market. Investors have long been wary of a market situation where a few whales can exert overwhelming control over the asset price, fuelled in part by reports suggesting that whales deciding
  The post Bitcoin Whales are Stabilizing the Market, Not Crashing it: Research appeared first on CCN
  
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• Nouriel Roubini, Nostradamus of Crises, to Denounce Bitcoin in Washington

  11-10-2018 16:28
  The famous economist predicted the 2008 financial crisis, and thinks that decentralisation is "bullshit".
  
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• Twitter Promoted a Fake Elon Musk Crypto Giveaway Scam

  11-10-2018 16:09
  A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto scam Thursday.
  
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• Optherium Is the Bridge between the Traditional Economy and a New Digital Economy

  11-10-2018 15:58
  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. Dozens of blockchain ecosystems have been developed, but few have delivered on their promises, creating a lot of uncertainty around the technology in general. Blockchain-powered solutions face problems
  The post Optherium Is the Bridge between the Traditional Economy and a New Digital Economy appeared first on CCN
  
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• DADI Appoints Government Advisor as Public Sector Demand for Digital Transformation Grows

  11-10-2018 15:52
  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
  The post DADI Appoints Government Advisor as Public Sector Demand for Digital Transformation Grows appeared first on CCN
  
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• Cryptocurrency Market Loses $16 Billion as Dow Jones, Nasdaq Plummet

  11-10-2018 15:49
  All top ten cryptocurrencies and stocks from Dow Jones, S&P 500 and Nasdaq, are in the red on Thursday. A Deadly Crypto Dive The price of significant cryptocurrencies dived with nearly $16 billion of value being swept out in a matter of three hours. At the time of this writing, Bitcoin had dropped 4 percent
  The post Cryptocurrency Market Loses $16 Billion as Dow Jones, Nasdaq Plummet appeared first on CCN
  
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• Identity Verification & Cryptocurrency Purchases Streamlined

  11-10-2018 15:42
  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
  The post Identity Verification & Cryptocurrency Purchases Streamlined appeared first on CCN
  
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• The ugly truth about dApps

  11-10-2018 15:30
  What a year for crypto investors. Are you still enjoying the party?
  Let’s be honest with ourselves for a moment. The current market climate is irrational, volatile and it seems there’s no lack of copycat dApps dividing the market capitalization without really bringing any added value to the industry.Free market? Great. Competition? Sure.
  But in my opinion, there are far too many protocols, smart contract platforms and other ideas offering little, if any competitive advantage while bl
  
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• Blockchain-Based P2P Global Marketplace Era Swap to Establish a Valuable Ecosystem for the Digital Sharing Economy

  11-10-2018 15:06
  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
  The post Blockchain-Based P2P Global Marketplace Era Swap to Establish a Valuable Ecosystem for the Digital Sharing Economy appeared first
  
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• Crypto Exchange Zaif Reveals Customer Compensation Plan after $60 Million Hack

  11-10-2018 15:03
  After waiting for over three weeks for a compensation strategy, victims of the Zaif cryptocurrency exchange hacking can now sigh with relief as the owner of the Japanese exchange has put forward a plan. Tech Bureau, which owns the Zaif cryptocurrency exchange, has announced that it will sell its entire stake to Fisco Digital Asset
  The post Crypto Exchange Zaif Reveals Customer Compensation Plan after $60 Million Hack appeared first on CCN
  
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• Wealth List Reveals China's 13 Biggest Crypto Billionaires

  11-10-2018 15:00
  Chinese entrepreneurs behind some of the biggest crypto firms in the world have made the country's billionaires list for the first time.
  
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• Crypto Community Riled at Russian Exchange’s Coin Pump Scheme

  11-10-2018 15:00 via newsbtc.com
  The crypto market has just entered into another tough period when a lot of coins started losing its value. In the midst of all the chaos, one cryptocurrency exchange announced a new pump scheme on several random coins, while hoping to get a boost itself.
  YoBit Plans a Pump-And-Dump Scheme
  YoBit, a Russia-based cryptocurrency exchange that was founded in 2015, has publically announced a pump scheme on their Twitter feed.
  This is a part of a scheme commonly known in crypto circles as the ‘pu
  
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• FanChain Becomes Official Cryptocurrency of FanWide, the World’s Largest Fan Club Network

  11-10-2018 14:56
  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
  The post FanChain Becomes Official Cryptocurrency of FanWide, the World’s Largest Fan Club Network appeared first on CCN
  
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• Coinfirm of London Launches Anti-Fraud Blockchain in Nigeria

  11-10-2018 14:07
  The initiative, launched in partnership with the KAD ICT Hub will run education courses for 12 months.
  
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• PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

  11-10-2018 14:00
  China's central bank is looking to recruit blockchain tech and legal experts as it continues development of a yuan-based digital currency.
  
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• Huge User-base South Korean Startups Flock to The Blockchain

  11-10-2018 14:00 via newsbtc.com
  Some of the largest startups in South Korea with over 10 million users are turning to the blockchain.
  “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. Baedal Minjik, for instance, recently partnered with Terra, a blockchain-based digital money project backed by a $32 million fund, to develop a crypto
  
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• Newsflash: Bitfinex Suspends Fiat Deposits amid Bitcoin Sell-Off

  11-10-2018 13:59
  Did cryptocurrency exchange giant Bitfinex play a role in last night’s bitcoin sell-off? As first reported by The Block, the British Virgin Islands-based but Hong Kong-operated exchange has “temporarily paused” EUR, USD, JPY, and GBP wire deposits, although screenshots from customer accounts circulated on social media suggest that the situation should “normalize within a week.”
  The post Newsflash: Bitfinex Suspends Fiat Deposits amid Bitcoin Sell-Off appeared first
  
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• (MM) How Famed Rap Producer Scott Storch Blew $100 Million Fortune

  11-10-2018 13:41
  The post (MM) How Famed Rap Producer Scott Storch Blew $100 Million Fortune appeared first on CCN
  
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• ‘Strong Possibility’ Bitcoin Bubble Could Burst in the Near Future, Report Claims

  11-10-2018 13:22
  A study conducted by market research firm Juniper Research has cast doubts on bitcoin’s long-term prospects owing to various factors stacked against it including regulatory scrutiny. Per Windsor Holden, the author of the report titled ‘The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023’ the lack of ‘intrinsic value’ in the flagship cryptocurrency
  The post ‘Strong Possibility’ Bitcoin Bubble Could Burst in the Near Futur
  
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• OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins?

  11-10-2018 13:00 via newsbtc.com
  In spite of depressed prices and an absence of liquidity and volume in the crypto market, stablecoins, cryptocurrencies tied to the value of a non-volatile asset, have become the flavor of the month.
  OKCoin Founder Star Xu Announces Chinese Yuan-Backed Crypto
  OKGroup founder Star Xu, who was reportedly the subject of a Shanghai Municipal Police investigation, recently broke his radio silence on Twitter to reveal his plan to launch a Chinese Yuan-backed stablecoin.Embracing the tide of technology
  
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• 4 Reasons Why Bitcoin's Price Could Now Drop to $6K

  11-10-2018 13:00
  Bitcoin's sudden drop to three-week lows has turned the tide in favor of the bears. So is $6,000 the next stop?
  
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• Unchained: Why Tokenizing Assets May Not Be All It’s Cracked Up to Be

  11-10-2018 12:35
  For many, tokenization is the way of the future. But is tokenizing always the best option?
  
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• South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

  11-10-2018 12:13
  The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban
  The post South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now appeared first on CCN
  
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• Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push

  11-10-2018 12:00
  Blockchain.info has hired former Noble Bank chief compliance officer Ben Melnicki as its new global regulatory counsel.
  
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• Research: Crypto Whales Are Stabilizing The Market, Contrary to Popular Belief

  11-10-2018 12:00 via newsbtc.com
  In both the natural world and the crypto market, whales are seen as colossal creatures that have a profound effect on the environment around them. Since Bitcoin’s rise to fame, a countless number of cryptocurrency investors have claimed that whales have been the primary catalyst behind this market’s unpredictable price movements. But, according to data compiled by one of the crypto industry’s data analysis groups, the whale theory is nothing more than a popular u
  
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• Bitcoin Crashes Down with Stocks: Still a Safe Haven?

  11-10-2018 11:45
  The cryptocurrency market has lost $13 billion in a few hours, amid global stock panic.
  
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