Cryptocurrency news

• Report: Crypto Funds Make up 20% of Hedge Fund Launches in 2018

  14-10-2018 23:03
  The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this
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• Major Exchanges are Delisting Coins as some Platforms Begin to Falter

  14-10-2018 22:00 via crypto-news.net
  Although crypto values have remained relatively stable for several weeks, overall activity across the crypto space continues to grow rapidly. Development is at an all time high, and more of the general public is developing an interest in crypto investment. Not surprisingly, exchanges are beginning to place a greater degree of scrutiny on crypto platforms, with delistings becoming more common.Earlier this week, Binance announced the delisting of Chatcoin, Bytecoin, Iconomi, and Triggers. The exch
  
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• Budding NBA Star is a Bitcoiner, Says His Shoe Brand Will Accept Crypto

  14-10-2018 21:45
  Spencer Dinwiddie is not “rich” by professional athlete standards. Currently, he makes around $1 million a year before taxes from his NBA contract. The 38th overall pick in the 2014 NBA draft at the age of 21, Dinwiddie has already played on three professional teams. Currently, he plays for the Brooklyn Nets and has a
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• IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

  14-10-2018 20:31
  The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk
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• China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?

  14-10-2018 18:41
  Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard
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• Opinion: Cryptocurrency and Wealth Redistribution

  14-10-2018 17:26
  2018 has been a harsh period for cryptocurrencies prices in general. Prices, in general, have been falling from late January until now, with the usual ups and downs. Nevertheless, as prices and technology rarely come hand-to-hand, during this period we’ve seen some conceptual improvements started being implemented, such as Ethereum side-chains and plasma or Bitcoin’s
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• Bear Market Sees Bitcoin Volume Approaching Yearly Low Once Again

  14-10-2018 16:13
  Earlier today, on October 14, the price of Bitcoin experienced an abrupt increase from $6,300 to $6,410 within minutes. The unexpected rise in the Bitcoin price led traders to be optimistic about the short-term trend of the crypto market, as analysts previously stated that for the dominant cryptocurrency to demonstrate signs of recovery, it will
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• Bitcoin is Not a Legal Tender in Zambia, Says Central Bank

  14-10-2018 15:04
  Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted
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• Bitcoin Fully Bottomed Out at $6k? Bears Struggle to Justify Stability

  14-10-2018 14:30 via newsbtc.com
  The question of whether Bitcoin has bottomed already has again surfaced following the latest drop in the digital currency price.Bears have no explanation as to why BTC has been holding this price for so long… as if it were forming a floor.Those bullish can explain this – BTC has fully corrected… and equal to the previous corrections of 0.236 [23% in real value]. pic.twitter.com/8brzXRxBsJ
  — dave the wave (@davthewave) October 13, 2018The BTC/USD pair last week fell 7 pe
  
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• Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset

  14-10-2018 13:59
  Bitcoin and the equities markets both took a tumble this week, leaving many to wonder if BTC is more safe haven or risk asset.
  
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• Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement

  14-10-2018 13:29
  New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To
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• Crypto Week In Review: Coinbase Drops Index Fund, “Dr.Doom” Bashes Crypto

  14-10-2018 13:21 via newsbtc.com
  Despite Nouriel “Dr.Doom” Roubini’s cries that the crypto market is on its last legs, this week’s crypto- and blockchain-pertinent developments indicate that this industry is still booming.
  Nouriel “Dr.Doom” Roubini Takes To Twitter, US Senate To Bash Crypto
  Dr.Nouriel Roubini, one of NYU Stern’s economics professors, recently bashed the cryptocurrency and blockchain world through a series of scalding comments and rants. Speaking in front of the U.S. Sen
  
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• Crypto Reckoning? Industry Vets Strike Humble Tone in San Francisco

  14-10-2018 13:10
  Many at San Francisco Blockchain Week are warily reflecting on the lessons of the 2017 token boom, the pride that came before the bear-market fall.
  
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• Finance Magnates to Take Part in the Tel Aviv dAppathon 2018

  14-10-2018 10:52
  Finance Magnates teams up with Dapp Works for a blockchain hackathon in Tel Aviv.
  
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• Boxing Legend Manny Pacquiao’s Cryptocurrency Could Launch This Year

  14-10-2018 09:55
  Manny Pacquiao’s long-awaited cryptocurrency could launch by the end of the year. According to a StraitsTimes report, Singapore based Global Crypto Offering Exchange (GCOX) is in charge of the launch of the Pac Tokens, the cryptocurrency that leverages on the popularity of the Philippine boxing legend. The news outlet quoted GCOX chief communications officer Evan Ngow who
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• Bitcoin Price Weekly Analysis: BTC/USD Could Test $6,390 Before Lower

  14-10-2018 09:30 via newsbtc.com
  Key PointsBitcoin price found support near the $6,100 level and corrected higher against the US Dollar.
  There is a major bearish trend line in place with resistance at $6,325 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  The pair must break the $6,325 and $6,390 resistance levels to move into a positive zone.Bitcoin price is currently correcting higher against the US Dollar. BTC/USD is likely to face a strong selling interest near the $6,380-6,390 resistance area.
  Bitcoin Pri
  
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• Ethereum Price Weekly Analysis: ETH/USD’s Bearish Trend Below $207

  14-10-2018 08:28 via newsbtc.com
  Key HighlightsETH price declined heavily and traded as low as $184.5 against the US Dollar.
  There are two important bearish trend lines in place with resistance at $208 and $218 on the 4-hours chart of ETH/USD (data feed via Kraken).
  The pair may correct higher, but there are many hurdles near $207 and $212 on the upside.Ethereum price is facing many barriers versus the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses as long as it is below $212.
  Ethereum Price Analysis
  This past
  
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• Bitcoin Cash Price Weekly Analysis: BCH/USD Sell on Rallies Near $470

  14-10-2018 06:28 via newsbtc.com
  Key PointsBitcoin cash price found support near the $420 level and later recovered against the US Dollar.
  There is a key bearish trend line formed with resistance at $470 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  The pair is likely to face a lot of selling interest near the $470 and $500 levels in the near term.Bitcoin cash price is under pressure below $500 against the US Dollar. BCH/USD remains sell on rallies near the $470 and $480 levels.
  Bitcoin Cash Price Analysis
  T
  
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• Cryptocurrency Market Update: A Lazy Sunday in Crypto Land

  14-10-2018 04:12 via newsbtc.com
  FOMO Moments
  Crypto markets are horizontal today; Only Digitex Futures is pumping.
  Cryptocurrency markets are still at the bottom following their mid-week dump. There has been no sign of a bounce back to previous levels as total market capitalization is still hovering just above $200 billion.
  Bitcoin has remained on a flat line since its Thursday dump of $300. BTC fell to $6,300 and is currently trading just below that level, it has fallen 5% since the same time last weekend. Ethereum is also ve
  
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• What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage

  14-10-2018 02:29
  On Bitfinex, a leading cryptocurrency exchange, Bitcoin is being traded with a 2 percent premium based on the current price of $6,285. As BitMEX Research revealed, the premium of Bitcoin on Bitfinex continued to increase throughout the past week, during a period in which Tether (USDT) started to demonstrate a decline in price. Currently, on
  The post What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage appeared first on CCN
  
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• Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec. Blythe Masters

  14-10-2018 02:09
  Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28
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• Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange

  14-10-2018 00:45
  On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform
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