Cryptocurrency news

• Daily Crypto Roundup 11/23/2018

  23-11-2018 23:26
  Ripple and IMF collaborating, another Coinbase employee departure, Bitcoin Lightning Network blog use, Bitcoin’s monetary policy discussion, and Sonny Singh’s (BitPay) bullish Bitcoin price prediction for next year. Catch up on today’s headlines.
  What Are Ripple And The IMF Cooking?
  Ripple and IMF are currently collaborating openly, as the two companies recently spoke on stage together at the 2018 Singapore Fintech Festival on November 12th.
  On November 13th, IMF announced it&r
  
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• Bitcoin Cash Price Drops 12% to New All-Time Low at $190 — What’s Causing it?

  23-11-2018 23:10
  Since November 7, the Bitcoin Cash price (BCH) has dropped from $640 to $190, by more than 70 percent. Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $640 to around $450. BCH has continued … Continued
  The post Bitcoin Cash Price Drops 12% to New All-Time Low at $190 — What’s Causing it? appeared first on CCN
  
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• The Crypto Bubble Hasn’t Burst, It Hasn’t Even Begun Yet

  23-11-2018 23:00 via newsbtc.com
  Were Nouriel “Dr Doom” Roubini, Jamie Dimon, and Warren Buffet right all along?
  Was the 2018 crash the end of Bitcoin? Do we all give up on this decentralised finance stuff and accept the rule of central bankers forever more? It was all tulips anyway, right…
  Bubble? What Bubble?
  For those who proudly proclaimed that the end of year price action in the cryptocurrency markets was the ultimate bubble for the asset class, the performance of Bitcoin and other major digital currenci
  
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• New Bitcoin Cash Upgrade Makes Blockchain ‘Immutable’ after 10 Confirmations

  23-11-2018 22:35
  A new version of Bitcoin ABC’s Bitcoin Cash software has some enhancements that are intended to prevent chain reorganizations from taking place. This is partially in response to “attacks” the network has experienced since the contentious hard fork earlier this month, and partially to prevent a similar situation as was seen in Bitcoin Cash Satoshi’s Vision … Continued
  The post New Bitcoin Cash Upgrade Makes Blockchain ‘Immutable’ after 10 Confirmati
  
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• Bitcoin May Not Bottom Until It Hits $3,000, Will Institutional Interest Help?

  23-11-2018 22:00 via newsbtc.com
  The cryptocurrency markets have shown an unprecedented level of weakness amidst its latest drop, with most altcoins trading down 90% or more from their highs, and Bitcoin falling to levels not seen since early 2017.
  There is now a consensus amongst industry analysts that Bitcoin has to fall even further in order for it to establish a bottom.
  Bitcoin’s plunge to its current price of $4,270 first began in late-October and into early-November when it failed to stabilize above $6,500, which sp
  
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• Lawsuit Claims Bitmain Mined Bitcoin Using Customer Devices

  23-11-2018 21:58
  According to a class-action lawsuit filed in the US district court for Northern California, Bitmain has been taking advantage of its customers the past couple years in an interesting way: mining crypto for itself, using their resources, during the “initialization” process. You read that right. According to at least one Bitmain customer and bitcoin miner, … Continued
  The post Lawsuit Claims Bitmain Mined Bitcoin Using Customer Devices appeared first on CCN
  
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• This Week In Cryptocurrency: DoJ Investigates Tether, Crypto Hacker Steals $1M - Benzinga

  23-11-2018 21:31
  Benzinga
  This Week In Cryptocurrency: DoJ Investigates Tether, Crypto Hacker Steals $1M
  Benzinga
  The cryptocurrency market finished another disastrous week on a low note on Friday, with most major currencies trading down more than 6 percent on the day. Here's a look at some of the headlines that were moving the cryptocurrency market this week and ...
  Bitcoin price: BTC plunges to 14-MONTH LOW as cryptocurrency nosedives toward $4000Express.co.uk
  Institutional Investors Are Officially Enter
  
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• Overstock to Make Full-Blown Bet on Blockchain by February 2019

  23-11-2018 21:00 via newsbtc.com
  The founder of early crypto adopting online retailer Overstock is confident about the potential of blockchain technology. He is so optimistic, in fact, that he plans to sell his commanding stake in the firm’s retail wing to explore its blockchain venture division, Medici Ventures.
  Bryne Bets Big on Blockchain
  Despite the 2018 crypto bear market seriously taking its toll on Overstock.com, its founder, Partick Byrne, is still more than a little bullish on the technology underpinning digital
  
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• Full Crypto: Overstock CEO Patrick Byrne Selling Retail Business to Focus on Blockchain

  23-11-2018 20:55
  Overstock’s highly-touted tZero project has been something of a money pit for the company, costing nearly $170 million in overall development costs with no live product yet available. Medici Ventures, Overstock’s blockchain investment arm, has acquired additional subsidiaries on the order of several more millions of dollars in an effort to expand its crypto portfolio. The
  The post Full Crypto: Overstock CEO Patrick Byrne Selling Retail Business to Focus on Blockchain appeared fi
  
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• Inevitable centralization is the real issue with bitcoin forks

  23-11-2018 20:50
  2018 was supposed to be the year of Bitcoin spinoff coins, but things didn’t really turn out that way. Bitcoin Cash achieved some initial success after it launched in the summer of 2017, but it is now down 90% against the US dollar this year — that is, if the Bitcoin Cash ABC (Bitcoin Cash ABC) side of the November 15th network split is viewed as the “real” Bitcoin Cash (Note: this article refers to the post-split Bitcoin Cash ABC as simply “Bitcoin Cash.”).
  W
  
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• Bitcoin Cash Wars End With No Relief for Biggest Cryptocurrency - Bloomberg

  23-11-2018 20:17
  Bloomberg
  Bitcoin Cash Wars End With No Relief for Biggest Cryptocurrency
  Bloomberg
  The Bitcoin Cash wars are over. Over the past week, two factions tried to take over the network and the name of Bitcoin Cash, the world's fourth-biggest cryptocurrency. The struggle created market uncertainty and drove down its price by almost 50 ...
  Cryptocurrency This Week: Indian Govt's Submission In Supreme Court, Bitcoin Cash War And MoreInc42 Media
  Stellar Lumens [XLM] Briefly Becomes Fourth Largest Crypto
  
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• Bitcoin Price: Bearish Pennant Portends Weekend Losses

  23-11-2018 19:53
  The bitcoin price on Friday expects to close the week on another drop as it slows its upside correction following yesterday’s $400 plunge. The BTC/USD rate is now trading at 4283-fiat, up 4.8-percent from its intraday low. The upside action is taking place as volume drops. It means that traders are showing no support to
  The post Bitcoin Price: Bearish Pennant Portends Weekend Losses appeared first on CCN
  
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• Analyst: Bitcoin and Ethereum Have Room to Fall Further, BTC May Touch $3,500

  23-11-2018 19:30 via newsbtc.com
  Following a turbulent week for the cryptocurrency markets, most major cryptocurrencies have fallen even further today, and analysts now believe that there is more room to fall for Bitcoin and Ethereum.
  At the time of writing, Bitcoin is trading down over 4% at its current price of $4,300. Over the past few days Bitcoin has established a new trading range between $4,200 and $4,600, and it is becoming increasingly unclear as to how the markets will respond to prices so low compared to where t
  
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• Mt Gox Trustee Files to Extend Period for Submitting Rehabilitation Claims

  23-11-2018 19:05
  He wants to extend the deadline until December 26, to allow everybody gets time to have the stolen money returned.
  
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• Tron [TRX/USD] Technical Analysis: Cryptocurrency sees no bull savior as bear devours market - AMBCrypto

  23-11-2018 19:00
  AMBCrypto
  Tron [TRX/USD] Technical Analysis: Cryptocurrency sees no bull savior as bear devours market
  AMBCrypto
  The bear market has been holding consistently over the past few days with most of the cryptocurrencies bleeding red across the spectrum. Many cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX], the Justin Sun led cryptocurrency have all ...and more »
  
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• Investor: Value of Crypto Dropped, But Ecosystem and Industry are Growing Rapidly

  23-11-2018 18:52
  In the past seven days, the valuation of the crypto market dropped from $184 billion to $138 billion, by more than $46 billion. The cryptocurrency market experienced one of the worst weekly sell-offs in all of 2018, and the prices of major digital assets like Bitcoin have dropped by around 75 percent to 85 percent
  The post Investor: Value of Crypto Dropped, But Ecosystem and Industry are Growing Rapidly appeared first on CCN
  
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• What are Ripple and the IMF cooking?

  23-11-2018 18:50
  Ripple and the IMF’s association has finally been revealed. At the Fintech Festival earlier this month, the two were represented in conversation and collaboration. IMF chairwoman gave a sweeping speech endorsing digital currencies, perhaps even vaguely describing XPR in particular. The two have already shared a history, especially through Ripple’s work with central banks.
  Ripple and IMF meet in Fintech Festival
  On November 12th at the 2018 Singapore Fintech Festival, Ripple CEO Brad
  
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• This day In crypto

  23-11-2018 18:38
  The sentiment on November 21, 2017 was pretty different from today’s tone. Today sees Bitcoin looking for a price bottom, lurking around $4500 according to Blockmodo at the time of this writing.
  The much anticipated Bakkt exchange has delayed its launch. The SEC has yet to approve a Bitcoin ETF, after rejecting proposal after proposal. Sentiment may be doubtful currently, as the public looks toward the end of a tough year for crypto.
  However, last year around this time was very much a
  
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• BTC price evaluation: Where are we at?

  23-11-2018 18:17
  Today caps off an interesting and eventful week of price action for Bitcoin. BTC currently sits at roughly $3870 on Blockmodo at the time of this writing. But where are things headed?
  One of the most pressing questions right now wonders if Bitcoin’s price has bottomed yet, signalling a price reversal for Bitcoin, as well as the market.
  Current sentiment seems to speculate a drop below $4k for BTC. This begs the question – if too many people are expecting that move, will it really hap
  
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• Genesis Trading CEO: Crypto Market Is Ugly, But We’re Not Going Anywhere

  23-11-2018 18:00 via newsbtc.com
  As crypto assets have suffered in recent weeks, with the aggregate cryptocurrency market rapidly losing 35% to establish a new year-to-date low, some have capitulated, calling it quits on Twitter. While these cases are few and far between, the fear that the cryptocurrency party has found its end is, unfortunately enough, a present and a trending industry topic.
  However, those truly engrossed in the crypto space have affirmed that they aren’t going anywhere, despite the hectic market c
  
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• It’s Rough Times for Miners amid Bitcoin Price Crash

  23-11-2018 17:16
  The relentless tornado that’s ravaging the crypto world is leaving no prisoners in its wake. The plummeting price of all major coins means that mining cryptocurrencies is currently no longer profitable for many miners–both individuals and companies. Everyone’s been following the horror show of the past week or so as the bitcoin cash drama unfolded
  The post It’s Rough Times for Miners amid Bitcoin Price Crash appeared first on CCN
  
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• Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100

  23-11-2018 17:07
  In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around
  The post Crypto Market Loses $6 Billion as Bitcoin Price Retreats to $4,100 appeared first on CCN
  
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• Coinbase’s Chief Policy Officer Is Leaving for a Major VC Firm

  23-11-2018 16:45
  Coinbase's chief policy officer, Mike Lempres, is leaving to take on a new role at a venture capital firm, says Bloomberg.
  
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• Jimmy Song on why you should spend with your credit card instead of Bitcoin

  23-11-2018 16:30
  There seems to be a never-ending debate that goes on between crypto keynesians and the advocates of the Austrian school of economics, and Bitcoin developer and educator Jimmy Song knows very well which side he’s on. During his exclusive Crypto Insider interview, the man behind the Programming Blockchain initiative has pledged his allegiance for the choice which makes most sense from an economic point of view: using the credit card for purchases and HODLing your Bitcoin as much as you can.
  
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• Volentix Plans to Release 455 million VTX to Support Public Proposals to its Ecosystem

  23-11-2018 16:14
  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 Volentix Plans to Release 455 million VTX to Support Public Proposals to its Ecosystem appeared first on CCN
  
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• Bitcoin: Cryptocurrency market cap down 80 percent since January ... - CNBC

  23-11-2018 16:02
  CNBC
  Bitcoin: Cryptocurrency market cap down 80 percent since January ...
  CNBC
  The total market value of all cryptocurrencies is down 80 percent since its January peak.and more »
  
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• YGGDRASH to Launch Cryptocurrency Exchange

  23-11-2018 16:00
  The South Korean company is also launching an incubator for blockchain firms
  
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• Crypto ETF Could Launch Bitcoin Price to $20,000 in 2019: BitPay’s Sonny Singh

  23-11-2018 15:49
  With Thanksgiving now in the books and the calendar just days away from turning the page to December, most bitcoin bulls are conceding defeat in regard to their 2018 crypto market predictions. However, the new year is just around the corner, and BitPay COO Sonny Singh believes that 2019 could bring good tidings to the
  The post Crypto ETF Could Launch Bitcoin Price to $20,000 in 2019: BitPay’s Sonny Singh appeared first on CCN
  
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• Self-Styled Self-Help Guru Shamelessly Uses Bitcoin Price Crash to Hawk Products

  23-11-2018 15:00 via newsbtc.com
  In a sickly article posted to Business Insider, a self-styled, self-help guru and author of the book, “I Will Teach You to Be Rich”, has used the recent Bitcoin price crash as an excuse to advertise his “right attitude, right results” rhetoric. In his thinly-veiled advertorial, Ramit Sethi views the Bitcoin price performance through the narrowest blinkers imaginable and states that all those who believe in a future for digital assets are deluded.
  Somethings Never Change
  Y
  
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• Gibraltar Stock Exchange Wins License for Blockchain Subsidiary

  23-11-2018 15:00
  The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island's financial regulator.
  
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• The entire cryptocurrency market is now worth less than McDonald's - TNW

  23-11-2018 14:46
  TNW
  The entire cryptocurrency market is now worth less than McDonald's
  TNW
  Chew on this: at $139.7 billion, the entire cryptocurrency market now has a smaller market cap than fast food titan McDonald's.
  Cryptocurrency 'bloodbath' as Bitcoin falls 30% in a weekSky News
  Bitcoin price: why the cryptocurrency has fallen once againThe Week UK
  Cryptocurrency Price Analysis for the week November 12 to November 18Coingape
  Dice Insights (blog) -Notebookcheck.net (press release) -Investing.com
  
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• OKEx Bitcoin Cash Futures Debacle Shows Danger of Unregulated Exchanges

  23-11-2018 14:34
  The latest Bitcoin Cash hard fork had ramifications on the entire crypto community. Independent of whether you trade BCH, its recent split had disastrous financial consequences for many… and inspired some unorthodox moves from others. Malta-based exchange OKEx left traders furious last week after taking the decision to change the terms on $135 million Bitcoin
  The post OKEx Bitcoin Cash Futures Debacle Shows Danger of Unregulated Exchanges appeared first on CCN
  
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• Edward Snowden Bullish On Crypto: Blockchain Money Makes Sense

  23-11-2018 14:08 via newsbtc.com
  In 2013, to the chagrin of the U.S. government, Edward Snowden broke America’s laws of secrecy in dramatic fashion, unveiling metaphorical heaps of the NSA’s classified documents to the public at large. As explained in a number of interviews from his Russian refuge, Snowden believed that the world’s people shouldn’t be supervised incessantly, finding it logical to break the ice on the NSA’s most caged initiatives. So, it should come as no surprise, that Snowden
  
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• Ethereum Developers Are Quietly Planning an Accelerated Tech Roadmap

  23-11-2018 14:00
  Internal documents show that ethereum developers are privately planning strategies to more aggressively advance the world's third-largest blockchain.
  
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• A Broad Overview of Cryptocurrency Activities in 2017

  23-11-2018 13:34 via feedproxy.google.com
  
  A little over ten years ago, one of the most important whitepapers in the history of the financial industry was released. Written by a man- or a lady- or men- or ladies- under the pseudonym Satoshi Nakamoto and born out of the horror that was left on the world by the financial crisis of 2008, […]
  The post A Broad Overview of Cryptocurrency Activities in 2017 appeared first on Coinjournal.
  
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• Hiveterminal Launched – Global Blockchain-based Invoice Financing Platform Set to Revolutionise Factoring Industry

  23-11-2018 13:30
  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 Hiveterminal Launched – Global Blockchain-based Invoice Financing Platform Set to Revolutionise Factoring Industry appeared
  
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• ARK, a Cross-Blockchain Communication Ecosystem is set to Release Core v2 November 28th, 2018

  23-11-2018 13:21
  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 ARK, a Cross-Blockchain Communication Ecosystem is set to Release Core v2 November 28th, 2018 appeared first on CCN
  
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• Swiss-made Cryptocurrency Watches: Immortalised on the Blockchain

  23-11-2018 13:16
  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 Swiss-made Cryptocurrency Watches: Immortalised on the Blockchain appeared first on CCN
  
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• EU hates cryptocurrency and likes blockchain – for all the wrong ... - TNW

  23-11-2018 13:04
  TNW
  EU hates cryptocurrency and likes blockchain – for all the wrong ...
  TNW
  The European Union's executive arm is not a fan of cryptocurrencies, but it thinks there are some excellent use cases for blockchain.
  BBVA joins launch of EU blockchain platform | BBVABBVAall 21 news articles »
  
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• Not All Gloomy: 79% Drop of Bitcoin is Smallest Major Correction to Date

  23-11-2018 13:00
  Bitcoin (BTC) has experienced five major corrections to date, and the recent bear market of 2018 is the smallest major correction to date. As seen in a table shared by a renowned trader and technical analyst Peter Brandt, BTC experienced a drop of 79.7 percent in the past eleven months as its price declined from
  The post Not All Gloomy: 79% Drop of Bitcoin is Smallest Major Correction to Date appeared first on CCN
  
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• Giga Watt Drastically Revises Assets in Updated Bankruptcy Filing

  23-11-2018 13:00
  Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.
  
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• Bitcoin Price Eyes Recovery After Defense of Long-Term Support

  23-11-2018 12:01
  Bitcoin's defense of key long-term support for the second time in four days is a positive sign for a potential recovery rally.
  
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• Bitcoin Price Eyes Double Bottom Reversal After $4K Defense

  23-11-2018 12:01
  Bitcoin's defense of key long-term support for the second time in four days is a positive sign for a potential recovery rally.
  
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• Norway Removes Tax Breaks for Bitcoin Mining as Crypto Firm Labels it a ‘Disaster’

  23-11-2018 11:39
  Norway, a country known for its green crypto mining outfits, has decided to roll back a tax structure which previously allowed cryptocurrency miners to be taxed on power consumption at the same rate as other industries which use a lot of energy, according to a local news outlet. A parliamentary representative named Lars Haltbrekken told
  The post Norway Removes Tax Breaks for Bitcoin Mining as Crypto Firm Labels it a ‘Disaster’ appeared first on CCN
  
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• Third Wave: Crypto Markets Dump Another $12 Billion to New Yearly Lows

  23-11-2018 11:00 via newsbtc.com
  FOMO Moments
  Markets smashed again to new yearly lows; Bitcoin Cash bleeding out,  Stellar and Cardano not far behind.
  More pain has come to crypto markets as we round out the week. A third wave of selling has caused markets to dump to new yearly lows as total market capitalization dropped below $140 billion a few hours ago.
  Bitcoin fell to a new low for 2018 below $4,200 a couple of hours ago which has dragged the entire market down with it. Predictions that it may well drop to $3,000 are
  
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• Mt Gox Trustee Seeks to Extend Civil Rehabilitation Claims Deadline

  23-11-2018 10:30
  The trustee of the collapsed bitcoin exchange Mt. Gox is hoping to give creditors more time to enter civil rehabilitation claims.
  
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• IOTA Outlines Plans for Killing Off its Centralized ‘Coordinator’

  23-11-2018 10:27
  The IOTA Foundation has revealed for the first time that it plans to gradually phase out the IOTA network Coordinator, which some see as a centralization risk. In a series of posts on its official blog on this week, the foundation outlined a sequence of steps it plans to take before “Coordicide”, which it sees
  The post IOTA Outlines Plans for Killing Off its Centralized ‘Coordinator’ appeared first on CCN
  
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• Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

  23-11-2018 10:01
  Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam. It is alleged that Amit who is the central character of the trial collected about Rs 10 crore (about $1.42 million) from unsuspecting
  The post Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam appeared first on CCN
  
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• Norwegian Government Revokes Electricity Subsidies for Crypto Miners

  23-11-2018 09:45
  Even with the subsidies, mining BTC in Norway has become a costly endeavor.
  
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• Lightning-Powered Blog Sees 20,000 Bitcoin Micropayments in 7 Months

  23-11-2018 09:30
  The Lightning Network is already powering a real blogging platform with bitcoin micropayments.
  
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