Cryptocurrency news

• Daily Crypto Roundup 11/14/2018

  14-11-2018 23:50
  The crypto markets finally made a decisive move today in favor of downside action. News also includes convincing Twitter scams, Bitcoin Cash fork talk, Wyoming cryptocurrency developments, and another BitLicense issuance. Let’s catch up on more of the details.
  Crypto Market Crashes Ahead Of Black Friday 2018
  Cryptocurrency markets finally saw a decisive move for Bitcoin today as the coin plummeted below $5,600 at the time of this writing.
  Some of the public may attribute such price mo
  
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• The Crypto Market Just Fell to a New 2018 Low

  14-11-2018 23:41
  Bitcoin sank to its lowest price in over a year on Wednesday – a move that seemed to drag down the prices of other major cryptocurrencies as well.
  
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• Ohio Congressman Wants to ‘Eliminate’ SEC Jurisdiciton over Crypto Industry: Report

  14-11-2018 23:27
  Now that Bitcoiner Jared Polis has left Congress for the Colorado Governor’s Mansion, support both moral and material for the crypto industry in Washington, DC may be seen as lacking. While it is largely unelected bureaucrats who rule the financial arena in this country and occasionally make brash decisions in regards to innovative technologies like
  The post Ohio Congressman Wants to ‘Eliminate’ SEC Jurisdiciton over Crypto Industry: Report appeared first on CCN
  
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• Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

  14-11-2018 23:00 via newsbtc.com
  Twitter has been on the losing side of an ongoing battle with scammers who are leveraging the platform’s user base to steal cryptocurrencies. However, the company has revealed that it’s implemented some safeguards in an attempt to reduce the frequency of such scams and better protect its users.
  Twitter Issues Statement, Implements Scam Countermeasures
  Twitter, the popular social media platform originally known for limiting discussion to 140 characters, has been fighting a growing tre
  
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• Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

  14-11-2018 22:25
  The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since
  The post Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets appeared first on CCN
  
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• On Bitcoin Cash Fork Eve, Craig Wright Holds The Keys

  14-11-2018 22:14 via feedproxy.google.com
  
  The Bitcoin Cash Hash war is about to come to an end, for good or ill. Right now, it looks like Craig Wright is in the lead. Unless something changes soon, Craig Wright and his allies seem to control most of the hashing power and will dictate the rules after the Bitcoin Cash fork tomorrow. […]
  The post On Bitcoin Cash Fork Eve, Craig Wright Holds The Keys appeared first on Coinjournal.
  
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• Humans vs Uber: Will Blockchain Help?

  14-11-2018 22:10 via newsbtc.com
  Uber managed to gain a remarkable market share in the transport industry by implementing a simple but powerful idea. The company didn’t invest in a technology from scratch, but selected an industry with great demand and built an ecosystem with a broader supply chain. Uber realized that the difference of quality and cost expectation assurance to be competitive depending on the market dynamics.  Many believe that Uber’s surge-price algorithm which adjusts fare price according to d
  
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• Crypto Economist Claims Bitcoin is the “Medicine You Need”

  14-11-2018 22:00 via newsbtc.com
  The author of the hugely popular The Bitcoin Standard has said that Bitcoin is “not optional” and that it’s “here to stay.”
  Dr Saifedean Ammous, has been interviewed in the mainstream press. As you might expect from the economist and professor, the piece makes for some stirring reading for all those interested in the future of Bitcoin.
  Dr Ammous: Bitcoin “Kicks Every Other Money’s Ass”
  One of the most popular thought leaders in the digita
  
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• ‘One Blockchain’: Ambitious Crypto Project Kin Forks Roadmap [Again]

  14-11-2018 21:35
  The developers of Kin, the cryptocurrency created by social media app Kik, have announced that the crypto token will undergo yet another major developmental redesign as they seek to marry scalability with an intuitive user experience. The Kin Foundation revealed on Wednesday that, in a departure from the crypto project’s earlier roadmaps, developers plan to
  The post ‘One Blockchain’: Ambitious Crypto Project Kin Forks Roadmap [Again] appeared first on CCN
  
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• LaLa World Enters the UK to Enable Faster and Cheaper Remittance for its 9.5MM Migrant Workforce

  14-11-2018 21:27
  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 LaLa World Enters the UK to Enable Faster and Cheaper Remittance for its 9.5MM Migrant Workforce appeared first on CCN
  
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• McAfee Labs Discover Russian Crypto Mining Malware, Correlation with Monero Price

  14-11-2018 21:00 via newsbtc.com
  McAfee Labs has announced the discovery of WebCobra, a Russian coin mining malware which explores victim’s computing power.
  Security researcher Kapil Khade also found that a correlation between the prevalence of miner malware and changes in the price of Monero (XMR).
  McAfee Labs Says Crypto Miner Malware Follows Price of Monero
  The threat research division of McAfee, a leading computer security software company owned by Bitcoin enthusiast John McAfee, found what it considers to b
  
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• How to Watch the Bitcoin Cash Fork As It Happens

  14-11-2018 21:00
  Part system upgrade, part political battle, Thursday's BCH hard fork could get interesting.
  
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• Fork Watch: How to Follow Tomorrow’s High-Stakes Bitcoin Cash Update

  14-11-2018 21:00
  Part system upgrade, part political battle, Thursday's BCH hard fork could get interesting.
  
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• Wyoming clears ground for an crypto-haven

  14-11-2018 20:51
  Wyoming is a mountainous, sparsely-populated rectangle located in the middle of the United States. Despite its landlocked position, many Wyomingites are laying legal foundations to make it a harbor for the virtual world. A bundle of 5 bills, passed in March of 2018, positioned Wyoming as a serious contender in the race to build a crypto-friendly jurisdiction. This article is a quick summary of the five bills already passed, as well as a look at the prospective bills being proposed for the upcomi
  
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• Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

  14-11-2018 20:30
  The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against
  The post Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects? appeared first on CCN
  
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• How Brian Armstrong, CEO of Coinbase, Became a Crypto Billionaire

  14-11-2018 19:30 via newsbtc.com
  San Francisco-based cryptocurrency startup Coinbase has had a spectacular couple of years. A recent funding round valued the firm at $8 billion, making its CEO, Brian Armstrong, worth $1.3 billion.
  Coinbase Expanding into All Areas of Cryptocurrency
  For many getting started in the space, Coinbase serves as a gatekeeper to the rabbit hole that is crypto. Launched in 2012, the company has become one of, if not the, most recognisable in the industry thanks to an ever-expanding list of features, ser
  
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• Crypto market crashes ahead of Black Friday 2018

  14-11-2018 19:15
  On November 14th 2018, the entire crypto market began to bleed. While some might correlate this event with the upcoming BCH hard fork and speculation that Craig S. Wright is an angry Satoshi who uses #fullbillionairemode to destroy his creation like an Old Testament deity, it’s most likely not the case.
  There is so much more to this $200 billion market than a Bitcoin hard fork which gave the big block advocates a revitalized sense of purpose. This time we’re witnessing a seemingly-co
  
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• New York Regulators Have Granted Their 14th Crypto License

  14-11-2018 18:20
  New York's latest BitLicense has been granted to the New York Digital Investment Group, along with a limited purpose trust charter.
  
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• New York Regulators Have Grant Crypto License to NYDIG

  14-11-2018 18:20
  New York's latest BitLicense has been granted to the New York Digital Investment Group, along with a limited purpose trust charter.
  
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• Bitcoin Falls to Lowest Monthly Level to $5,850, Leads to Widespread Market Carnage

  14-11-2018 18:05 via newsbtc.com
  Bitcoin has fallen to its lowest levels in the past month and has officially broken through the bottom of its previously established trading range between $6,200 and $6,700. Bitcoin’s drop has led to a widespread market loss, with most major altcoins trading down 10% or more.
  At the time of writing, Bitcoin (BTC) is trading down 7% at its current price of $5,850, the lowest price it has seen in a month. Today’s drop has decisively pushed its price below its previously established sup
  
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• Opinion: Upcoming BCH fork probably is bad luck for big blockers

  14-11-2018 18:00
  The air is filled with murmurs and rumblings of the upcoming Bitcoin Cash (BCH) fork. The public must once again pick a side as the coin seemingly engages in a civil war among its proponents. This whole BCH fork ordeal does not appear to be a good thing for whatever arguments were left for BCH as a whole.
  A Very Brief History
  Bitcoin hard forked in August of 2017. Put very simply, the Bitcoin development team disagreed internally over how Bitcoin should scale. Should Bitcoin continue using small
  
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• Opinion: Upcoming BCH fork is bad luck for big blockers

  14-11-2018 18:00
  The air is filled with murmurs and rumblings of the upcoming Bitcoin Cash (BCH) fork. The public must once again pick a side as the coin seemingly engages in a civil war among its proponents. This whole BCH fork ordeal does not appear to be a good thing for whatever arguments were left for BCH as a whole.
  A Very Brief History
  Bitcoin hard forked in August of 2017. Put very simply, the Bitcoin development team disagreed internally over how Bitcoin should scale. Should Bitcoin continue using small
  
  Read more

• Bitcoin Sinks to Lowest Price in Over 12 Months

  14-11-2018 17:49
  Bitcoin fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off.
  
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• Below $5,700: Bitcoin Plunges to Lowest Price in Over 12 Months

  14-11-2018 17:49
  Bitcoin fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off.
  
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• Newsflash: Crypto Market Cap Drops Below $200 Billion for First Time in November

  14-11-2018 17:40
  This week’s crypto downturn forced the cryptocurrency market cap past an uncomfortable milestone on Wednesday, with the cryptocurrency market cap dropping below the $200 billion mark a day ahead of the contentious Bitcoin Cash hard fork. The crypto market had traded as high as $220 billion on Nov. 7, about the time many bulls were
  The post Newsflash: Crypto Market Cap Drops Below $200 Billion for First Time in November appeared first on CCN
  
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• CoinDesk Launches the Crypto-Economics Explorer, A New Way to Visualize Crypto

  14-11-2018 17:25
  CoinDesk is pleased to announce the launch of our new data product, the Crypto-Economics Explorer.
  
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• Head of Cardano Foundation Replaced Following “Puzzling” Conduct

  14-11-2018 17:19
  Michael Parsons had installed his stepson as general manager and refused to publish wallet addresses.
  
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• Crypto Traders Now See No Winner in Bitcoin Cash Fork

  14-11-2018 17:15
  Bitcoin ABC and Bitcoin SV are now valued the same in advanced trading.
  
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• Bitcoin Cash: Pre-Fork Uncertainty Forces OKEx to Close Futures Market Early

  14-11-2018 17:04
  Facing significant price instability ahead of tomorrow’s contentious Bitcoin Cash hard fork, major crypto exchange OKEx abruptly closed its BCH futures markets ahead of their scheduled expiration dates and provided early delivery to customers. Bitcoin Cash Fork Leads to Premature Futures Delivery The Malta-based OKEx announced the early BCH futures delivery on Wednesday, stating that
  The post Bitcoin Cash: Pre-Fork Uncertainty Forces OKEx to Close Futures Market Early appeared first on CCN
  
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• Zeeshan Feroz – ‘I Feel Central Bank-Backed Assets Are a Good Thing’

  14-11-2018 17:01
  "When you look at financial system, much of the risk stems from the fractional reserve model that we have.”
  
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• Countdown to BitcoinCash’s November 15th Hardfork

  14-11-2018 16:28 via crypto-news.net
  The BitcoinCash network is undergoing regular updates through forks, the next of which was scheduled for November 15th. With different, incompatible directions suggested by the teams around Bitcoin ABC and Bitcoin SV, a network split is likely to happen at this date.The proposed hardfork from Bitcoin ABC (“BCHABC”) includes a change to canonical transaction ordering, newly added OpCodes, and a minimum transaction size requirement.
  The main aspects of the hardfork proposed by Bitcoin
  
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• BitcoinCash’s November 15th Hardforks Activate, the Blockchain splits

  14-11-2018 16:28 via crypto-news.net
  The BitcoinCash network is undergoing regular updates through forks, the next of which was scheduled for November 15th. With different, incompatible directions suggested by the teams around Bitcoin ABC and Bitcoin SV, a network split is likely to happen at this date.The proposed hardfork from Bitcoin ABC (“BCHABC”) includes a change to canonical transaction ordering, newly added OpCodes, and a minimum transaction size requirement.
  The main aspects of the hardfork proposed by Bitcoin
  
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• Two Chains No More: Kik Selects Stellar Over Ethereum for Crypto Token Launch

  14-11-2018 16:15
  "One Kin on one blockchain," said CEO Ted Livingston. "That's our vision."
  
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• Kik Selects Stellar Over Ethereum for Token Launch

  14-11-2018 16:15
  "One Kin on one blockchain," said CEO Ted Livingston. "That's our vision."
  
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• Bitcoin Veteran Jameson Lopp Named CTO of Crypto Startup Casa

  14-11-2018 16:01
  Casa has boosted Jameson Lopp to CTO eight months after he joined the crypto custody solutions startup as an infrastructure engineer.
  
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• Bank of America Could Store Crypto Deposits for Big Companies

  14-11-2018 16:01
  Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk themselves. For example, “deposit
  The post Bank of America Could Store Crypto Deposits for Big Companies appeared first on CC
  
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• BCH Fight: Bitcoin Cash Bashing Heats Up, Rivals Duke it Out Ahead of Hard Fork

  14-11-2018 16:00 via newsbtc.com
  The cryptocurrency industry is still in its infancy, or so we keep being told. That infancy, or childishness, is often revealed on the crypto-sphere’s primary tool for communication, Twitter. No greater example has been seen than the recent battles between rival camps over the upcoming Bitcoin Cash hard fork.
  Three Camps, One Vision
  The Bitcoin Cash hard fork, set for November 15, is part on an ongoing network upgrade published in its roadmap. It is a high possibility that the two or even
  
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• Singapore Crypto Exchange KuCoin Raises US$20 Million Series A

  14-11-2018 15:45 via feedproxy.google.com
  
  KuCoin, a Singapore-based cryptocurrency exchange, has announced that IDG Capital, Matrix Partners and Neo Global Capital have agreed to invest a total of US$20 million in the startup’s Series A funding round. KuCoin is a cryptocurrency spot-trading platform which claims over five million registered users. The platform supports more than 350 trading pairs and claims […]
  The post Singapore Crypto Exchange KuCoin Raises US$20 Million Series A appeared first on Coinjournal.
  
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• AMF of France Report: ICOs Account for “Marginal” Share of Market

  14-11-2018 15:42
  Money raised via ICO represents a tiny fraction of the world's equity market.
  
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• Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend

  14-11-2018 15:23 via newsbtc.com
  Today is a tough day for cryptocurrencies.
  A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could be called the crypto bottom level of this year. The monthly perspective also shows a stable recovery from circa $200 billion, according to data available at CoinMarketCap.com.
  Source: CoinM
  
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• The $799 Coinmine One Will Look Like an Xbox and Mint Crypto Money

  14-11-2018 15:00
  A new firm called Coinmine has announced a device aimed at enthusiasts who'd like to mine crypto, but don't want to learn a new technical skill set.
  
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• Crypto Exchange KuCoin Raises $20 Million From IDG, Matrix, Neo Global

  14-11-2018 15:00
  Singapore-based crypto exchange KuCoin has raised $20 million in Series A funding backed by IDG Capital, Matrix Partners and Neo Global Capital.
  
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• Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto’s Next Bull Run

  14-11-2018 15:00 via newsbtc.com
  Since crypto’s recent lull, optimistic industry insiders have claimed that cryptocurrency investors, whether from retail or institutional backgrounds, have continued to purchase Bitcoin (BTC) en-masse and on the cheap. Although this sentiment has been nothing more than unconfirmed hearsay, research recently completed by Twitter user ‘FlibFlib’ could indicate that that the aforementioned claims have credence. More specifically, the UTXO set size has seen a slow, but st
  
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• Bitcoin Mining Firm Bitmain Confirms Board Shakeup, Denies Jihan Wu is Out as Chair

  14-11-2018 14:51
  Major China-based bitcoin mining firm Bitmain has confirmed a report that its board of directors has undergone a shakeup but has sought to downplay that impact of these changes ahead of the company’s looming initial public offering (IPO). In an emailed statement, Nishant Sharma, Bitmain’s international marketing manager, confirmed to CCN that the company had
  The post Bitcoin Mining Firm Bitmain Confirms Board Shakeup, Denies Jihan Wu is Out as Chair appeared first on CCN
  
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• Google, Target ‘verified’ Twitter accounts hijacked to promote bitcoin scam

  14-11-2018 14:43
  Google and Target are the latest to fall victim to malicious actors who hijack official ‘verified’ Twitter accounts in order to promote a “Bitcoin Giveaway Scam.”
  On Tuesday, November 13th, both the Target and Google G-Suite ‘verified’ Twitter accounts were compromised and used to promote a scam advertising the giveaway of free bitcoin in the latest of a string of hacks focusing on leveraging high-profile businesses to take advantage of less-savvy Twitter user
  
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• Official Google Account Hacked in Latest Twitter Crypto Scam

  14-11-2018 14:20
  An official, verified Twitter account owned by Google has become the latest to be hacked to host a crypto "giveaway" scam.
  
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• Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market

  14-11-2018 14:01
  Bitfinex has announced a new financial instrument on its platform in response to the upcoming hard fork of the Bitcoin Cash blockchain. Noting a sizable increase in short bets on BCH – traders apparently believing that the split will have a negative impact on the per-coin price of Bitcoin Cash – Bitfinex has created something
  The post Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market appeared first on CCN
  
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• Mining Pools Rule, Individual Crypto Mining Deemed No Longer Viable

  14-11-2018 14:00 via newsbtc.com
  Although institutional players have continued to throw money at crypto assets and up-and-coming blockchain-focused projects, reports indicate that the mining subset of this industry has faltered, and greatly at that.
  GPU-Powered Ethereum Mining Now Unprofitable
  In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines, had once sought it advantageous and profitable to set up shop mining crypto assets in their dorm rooms. But now, Susquehanna, a
  
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• Google Falls Casualty to Fresh Wave of Twitter Scams

  14-11-2018 13:43
  Also affected were Elon Musk, Target, Matalan, and anyone gullible enough to send money away for free.
  
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• Bain Capital Backs $2.25 Million Round for Bitcoin Rewards Startup Lolli

  14-11-2018 13:30
  Bitcoin rewards platform Lolli has raised $2.25 million in seed funding from investors including Bain Capital Ventures.
  
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