Cryptocurrency news

• Short Positions Against Ethereum Reach Record Highs on Bitfinex

  12-10-2018 23:45 via newsbtc.com
  The cryptocurrency markets posted some slight gains on Friday after seeing a massive selloff on Thursday that sent many altcoins down by more than 10% and pushed Bitcoin to its range support at $6,200.
  At the time of writing, Bitcoin is trading up slightly on the 24-hour chart, with a current price of just over $6,300. Friday’s slight recovery has been led by XRP, which is up over 4% at a current price of $0.426, off its daily lows of $0.38.
  Many people attributed the Thursday drop to a ma
  
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• Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup

  12-10-2018 23:25
  The blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trump‘s
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• How Brave is reinventing the internet

  12-10-2018 22:50
  Former Mozilla CEO Brenden Eich chose a new path of fundraising when launching his free, open sourced, safety-focused web browser, Brave.
  Within 30 seconds of launching his ICO, the Ethereum-based Basic Attention Token (BAT), generated $35-million worth of ETH between only 130 investors. One buyer even dropped a whopping 20,000 ETH ($4.7-million) on the ICO.
  Since the launch, Brave has moved to reshape the world of advertising, allowing visitors to choose whether or not they want to see ads. Add
  
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• Cryptocurrency Market Sentiment is Looking up: Huobi Research

  12-10-2018 22:31
  Bitcoin’s recent sell-off notwithstanding, cryptocurrency investors are beginning to grow more optimistic about the market’s short-term direction. That’s according to the latest Market Sentiment Index Report from Huobi Research, which identified a slight uptick in investor optimism over the previous month. Released on Friday, the September report is based on from survey data compiled from
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• “Dr Doom” Nouriel Roubini Calls Crypto a “Stinking Cesspool,” Fails to Grasp Its Value

  12-10-2018 22:15 via newsbtc.com
  New York University Economist Nouriel Roubini has once again attacked cryptocurrency and its supporters. The man known as “Dr Doom” for his bearish market commentaries went as far as to call the financial innovation a “stinking cesspool” in a series of tweets late last night.
  Apparently Roubini Didn’t Attack Crypto Enough in the Senate…
  One of the planet’s most ardent cryptocurrency naysayers has weighed in on Bitcoin and altcoins. After voicing his opi
  
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• Blockchain Startup Blockstack Unveils Plan to Decentralize Itself

  12-10-2018 22:15
  Blockstack announced a plan to decentralize the network's corporate structure on Friday.
  
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• North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs

  12-10-2018 21:00
  North Dakota's securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state.
  
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• BANKEX Wants You to Hack its Custody Service for $15K in Reward

  12-10-2018 20:52
  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
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• Coinbase Killing Index Fund Due to Lack of Institutional Interest, Prompting Staff Exodus

  12-10-2018 20:45 via newsbtc.com
  Leading U.S. cryptocurrency exchange Coinbase is reportedly considering killing off a cryptocurrency index fund product it launched earlier in the year, due to a lack of interest from accredited institutional investors, and it could be the reason key executives are exiting the company for greener pastures.
  Coinbase Considering Ending Coinbase Index Fund to Focus on Retail Bundles
  Back in March, the Coinbase Asset Management team announced the Coinbase Index Fund. While the initial buzz around th
  
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• SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward

  12-10-2018 20:40
  The hacker who stole nearly $40,000 in ethereum from adult entertainment startup SpankChain has returned the stolen cryptocurrency, the company announced last night. According to messages posted on the company’s official Twitter account, SpankChain CEO Ameen Soleimani reached an agreement with the anonymous hacker after speaking to them on the phone. Following that conversation, the
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• UAE Startup Menachain Is Developing a Cryptocurrency for the Middle East, North Africa Region

  12-10-2018 20:10 via feedproxy.google.com
  
  A young startup named Menachain Solutions DWC-LLC is building a cryptocurrency and blockchain-based payment platform targeted at the Middle East and North Africa (MENA) region and its large population of unbanked. Based in Dubai, the United Arab Emirates (UAE), Menachain says it is focusing on developing “the most commonly used cryptocurrency in MENA” with the purpose […]
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• Alibabacoin Foundation Is Excited to Achieve Back to Back Milestones

  12-10-2018 20:07
  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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• Bitcoin Price Intraday Analysis: BTC/USD in Weak Upside Correction

  12-10-2018 19:39
  The Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in
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• Gemini Adds Litecoin with Approval from New York Regulators

  12-10-2018 19:15 via newsbtc.com
  Cryptocurrency exchange, Gemini, announced today that they will be adding support for Litecoin (LTC) beginning on Saturday, October 13th. Investors will be able to deposit LTC into Gemini, but will not be able to trade the cryptocurrency until Tuesday, October 16th.
  Litecoin will be the fourth digital asset added to the exchange platform and will have trading pairs with all the available assets on the platform, including Bitcoin, Ethereum, and Zcash.
  Litecoin is a peer-to-peer (P2P) open source
  
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• Constantinople Nears: Ethereum's Next Hard Fork Is On Track for 2018

  12-10-2018 18:50
  Open-source coders backing the ethereum project now say its next system-wide upgrade, Constantinople, is on track for November release.
  
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• Bitcoin Futures Helped Cryptocurrency Market Achieve ‘More Sustainable Level’: CFTC Chairman

  12-10-2018 18:47
  When derivatives exchanges CBOE and CME launched the first regulated U.S. bitcoin futures contracts, many cryptocurrency bulls thought that this event would lead to a wave of institutional investment and propel the market toward even greater highs. Just days later, the yearlong bitcoin price rally stalled, and the flagship cryptocurrency — followed soon after by
  The post Bitcoin Futures Helped Cryptocurrency Market Achieve ‘More Sustainable Level’: CFTC Chairman appeared first
  
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• Microsoft Is Pushing New Blockchain ID Products (But There's Pushback, Too)

  12-10-2018 18:00
  Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line, with two products in the works.
  
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• Coinbase Confirms Shutdown of Crypto Index Fund Product

  12-10-2018 17:30
  Coinbase is shutting down its index fund just four months after first offering it to institutional investors.
  
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• Crypto Giant Gemini Hires Former Wall Street COO to Head Operations

  12-10-2018 17:15
  Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder
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• Former Trump Advisor Gary Cohn Joins Blockchain Startup

  12-10-2018 16:45
  Gary Cohn, a former chief economic advisor to the U.S. president and Goldman veteran, has just joined a financial data-focused blockchain startup.
  
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• CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'

  12-10-2018 16:10
  CFTC Chair Christopher Giancarlo said the cryptocurrency market will mature as institutional investors enter the space.
  
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• Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing

  12-10-2018 16:06
  Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs
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• Gemini Adds Litecoin Trading With New York Watchdog Approval

  12-10-2018 15:25
  Winklevoss-founded crypto exchange Gemini is adding litecoin trading in the coming week, with permission from the NYDFS.
  
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• Crypto Market Erases $16 Billion in 24 Hours, Can Bitcoin Swiftly Rebound?

  12-10-2018 15:14
  Within a period of 24 hours, from October 11 to 12, the valuation of the crypto market has declined from $217 billion to $201 billion. The 7 percent decline in the valuation of the crypto market was triggered by a sudden drop in the price of Bitcoin from $6,600 to $6,250. The 5 percent decrease
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• These Tokens are the Worst Performing Cryptos in 2018: Factors and Trends

  12-10-2018 14:30 via newsbtc.com
  Investment consultation firm Pension Partners released an index listing the worst performing cryptocurrencies in 2018.
  Qtum, a cryptocurrency-backed hybrid blockchain platform, suffered a maximum 93.9 percent loss by Q3 2018. A high marketing pitch, which projected Qtum as the best of both blockchain and mainstream worlds, allowed the project to establish an all-time high token value at $82.66 in January.But eventually, Qtum project lost shine due to decreasing performance and increasing ch
  
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• Ethereum Founder Vitalik Buterin Throws Shade at Bitcoin Bashing Economist

  12-10-2018 14:27
  Ethereum co-founder, Vitalik Buterin has thrown shade on prominent economist and cryptocurrency skeptic Nouriel Roubini, in response to Roubini’s earlier statements calling him a “dictator” and describing decentralization in Crypto as a “myth”. In a tweet, Buterin subtly hinted that Roubini has no idea what he is talking about and as such he should not … Continued
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• Leading Auction House Christie's to Record Art Sales on a Blockchain

  12-10-2018 14:00
  Christie's auction house is launching a pilot program to record art sales and provenance on a blockchain.
  
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• ALZA Leading Blockchain Innovation Boom

  12-10-2018 13:44
  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 … Continued
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• Alexander Elbanna Makes History with His Launch of Digital World Exchange

  12-10-2018 13:36
  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 … Continued
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• 3 Bitcoin Price Factors That Suggest Bears Are in Charge

  12-10-2018 13:10
  After Thursday's range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.
  
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• Thailand Police Arrest Prime Suspect of $24 Million Bitcoin Fraud Scheme

  12-10-2018 13:07
  The alleged mastermind of the bitcoin fraud scheme which saw a Finnish investor lose 5,564 bitcoins in Thailand has been arrested. Prinya Jaravijit, who is the principal suspect in swindling Finnish national Aarni Otava Saarimma out of bitcoin worth 797 million baht (approximately US$24 million) was arrested at Bangkok’s Suvarnabhumi Airport on October 11, according … Continued
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• Ethereum Co-Creator Says He’s Not a Billionaire, Who are the Richest in Crypto

  12-10-2018 12:17 via newsbtc.com
  Vitalik Buterin, the co-founder of Ethereum (ETH), was accused of leading a scam involving Ethereum. The scam supposedly involved pre-mining that allowed him and Joe Lubin to steal 75% of ETH supply and turn them into billionaires. These accusations came from a New York University professor Nouriel Roubini.@VitalikButerin was the ring-leader – together with Joe Lubin – of the criminal pre-mining sale/scam that created Ether. They stole 75% of the Ether supply and became instant "bill
  
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• Ripple (XRP) Marks the Best Correction as Crypto Market Recovers

  12-10-2018 12:13
  The Ripple-to-Dollar (XRP/USD) exchange rate on Friday was the earliest to recover from its latest downtrend move. It surged as much as 19 percent from yesterday’s low at 0.377-fiat, which is higher than other top coins. Ripple, the company that issues XRP tokens, is reportedly heading towards forming a partnership with SWIFT, a global banking
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• Cryptocurrency Market Update: 0x Surging on Coinbase Pro Listing

  12-10-2018 12:06 via newsbtc.com
  FOMO Moments
  Markets are in pain and have not recovered; Only 0x is making progress today.
  There has been no notable recovery or bounce following yesterday’s 15 billion dollar dump. Markets have remained low and are just over $200 billion total capitalization at the time of writing.
  Bitcoin could not make any further gains and has remained at the level it fell to yesterday; $6,290. Further declines could be on the cards and $6k seems to be the target for another bounce off the bottom. Ethe
  
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• FinCEN Blasts Iran's 'Malign' Use of Crypto to Bypass Economic Sanctions

  12-10-2018 12:00
  U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.
  
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• Bitcoin Price Watch: BTC/USD Recovery Could Be Limited Near $6,315

  12-10-2018 11:28 via newsbtc.com
  Key PointsBitcoin price formed a support base near $6,110 and recovered higher against the US Dollar.
  There was a break above a connecting bearish trend line with resistance at $6,195 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair may perhaps correct higher towards $6,300-6,315, but upsides are likely to be capped.Bitcoin price is slowly recovering above $6,200 against the US Dollar. However, BTC/USD is likely to face a strong resistance near the $6,315 and $6,365 leve
  
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• $350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange

  12-10-2018 10:50
  South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $352 million)
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• Korean Entrepreneur Seizes Blockchain’s Promise to Benefit Humanity

  12-10-2018 10:34
  This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. WIZBL, a true dispersion ecosystem that optimizes transaction processes and verification speeds so blocks can be handled at 1 million transactions per second, aspires to bring the full democratizing
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• Cardano Price Analysis: ADA/USD’s Support Turned Resistance At $0.080

  12-10-2018 10:28 via newsbtc.com
  Key HighlightsADA price declined sharply and broke the $0.0800 and $0.0740 support levels against the US Dollar (tethered).
  There is a key bearish trend line formed with resistance at $0.0750 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  The pair may correct higher above $0.0750, but it could face a strong resistance near $0.0800.Cardano price is under a lot of pressure against the US Dollar and Bitcoin. ADA/USD is correcting higher, but upsides are likely to capped near $0.08
  
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• Fake News Site Used New Zealand Prime Minister to Pump Bitcoin Startup

  12-10-2018 10:20
  A fake news site used images of New Zealand's prime minister in sponsored posts on Facebook to promote a bitcoin firm.
  
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• Researchers Find 100+ Pieces of Cryptojacking Malware Disguised as Flash Player

  12-10-2018 10:04
  Flash player has long been the favorite 'sleeper cell' of many malware developers.
  
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• Crypto Index Funds Growing Quickly As Next Step In Mainstream Investment

  12-10-2018 10:00 via crypto-news.net
  Interest continues to grow in bringing traditional financial products into the blockchain space, and pressure is mounting on governments across the globe to regulate and grant legitimacy to blockchain assets. Although recent news has focused on the continued stalling of financial regulators to permit the creation of cryptocurrency exchange traded funds (ETFs), index funds are already available, and competition is increasing among providers. These funds provide a unique investment opportunity, ye
  
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• Official Launch of Spacebook Test Network and Operation Centers in 10 Countries

  12-10-2018 09:46
  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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• Crypto Funds Gets Greenlight from Swiss Financial Markets Regulator

  12-10-2018 09:40
  In a move that clearly shows the government’s resolve to encourage investments in cryptocurrencies, Switzerland’s financial markets regulator has opened the floodgates for institutional participation in cryptocurrencies. Zug-based Crypto Finance AG subsidiary Crypto Fund AG becomes the first company to get the green light from the Swiss Financial Market Supervisory Authority (FINMA) to offer a wide
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• Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

  12-10-2018 09:38 via newsbtc.com
  Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field.
  A Political Rap against Crypto
  Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van Valkenburgh, the Director of Research at Coin Center, a nonprofit crypto advocacy organization. The p
  
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• Ripple Price Analysis: XRP/USD Could Correct To $0.4290 Before Lower

  12-10-2018 09:30 via newsbtc.com
  Key HighlightsRipple price declined further and traded towards the $0.3600 support zone against the US dollar.
  There is a monster bearish trend line in place with resistance near $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken).
  The pair could correct higher towards $0.4200 and $0.4290 in the short term before resuming its slide.Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is likely to correct to $0.4290 before sellers take back control fr
  
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• ZRX Becomes 1st New Asset on Coinbase Pro After Change in Listing Criteria

  12-10-2018 09:02
  Last month, Coinbase announced a new listing process that would open the door to "100s" of new coins.
  
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• Ethereum Price Analysis: ETH/USD Upsides Capped Near $198

  12-10-2018 08:28 via newsbtc.com
  Key HighlightsETH price declined further and traded towards the $180 level against the US Dollar.
  There was a break below a key contracting triangle with support at $194 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair traded as low as $184.15 and it is currently correcting higher towards resistances.Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD may correct a few points, but upsides are likely to be capped near $196-198.
  Ethereum Price Analysis
  Yesterda
  
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• Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

  12-10-2018 08:11
  There is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of
  The post Crypto Billionaires Among China’s Wealthiest, Despite Bear Mar
  
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• Analysis: ErisX & Bakkt Are All in on the Battle for Institutional Cash

  12-10-2018 08:09
  ErisX is slated as the next big player in the race for institutional investors in crypto.
  
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