Cryptocurrency news

• Bitcoin Price Struggles to Mount Recovery as Chinese New Year Saps Trading Volumes

  07-02-2019 23:45
  Heading into Thursday evening, the cryptocurrency market continues to feel uncomfortably quiet, with the Bitcoin price consolidating below $3,400 during the final days of the Chinese New Year celebration — an event that some analysts say is depressing crypto trading volumes. In the altcoin markets, Bitcoin SV staged a pivot back above $60, still failing to recapture its former #10 position in market capitalization. Basic Attention Token jumped 10% today. Ethereum hasn’t done much eit
  
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• UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit

  07-02-2019 23:20 via cointelegraph.com
  The UAE’s finance ministry will discuss global financial trends, including the development of blockchain and digital currencies at the 7th World Government Summit
  
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• Why the $66 Billion BB&T-SunTrust Merger is the First of Many Banking Shakeups

  07-02-2019 23:03
  BB&T and SunTrust announced a blockbuster merger that will create the sixth-largest bank in the United States. The $66 billion all-stock merger will see the combined entity serve more than 10 million U.S. households. Also noteworthy is that this deal is the first of this magnitude since the infamous 2008 financial crisis. BB&T-SunTrust Merger Likely Means Employee Layoffs The deal, while being called a merger, entails BB&T acquiring SunTrust. SunTrust is moving its Atlanta operations
  
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• Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels - newsBTC

  07-02-2019 23:00
  Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels  newsBTCOne analyst claims that Bitcoin (BTC) is currently resting at historically oversold price levels, which means that it may soon surge.
  
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• Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels

  07-02-2019 23:00 via newsbtc.com
  After dropping back to its recently established support level at $3,400 a couple days ago, Bitcoin (BTC) has been able to hold above this support level. Despite this, its failure to bounce signals that it doesn’t have any significant buying pressure at the moment and further losses may be necessary in order for it to surge.
  Now, one analyst claims that Bitcoin is currently resting at historically oversold price levels, which means that it may soon bounce. Despite this, the same analyst als
  
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• Binance Will Survive Any Bitcoin Bear Market: Crypto Billionaire Changpeng Zhao

  07-02-2019 22:41
  Billionaire Changpeng Zhao says bitcoin is the future, and that his cryptocurrency exchange Binance can survive any bear market ― no matter how brutal. Zhao also says he “definitely” wants to partner with Ripple’s xRapid cross-border payment platform, but nothing has been decided. Zhao made the revelations during a wide-ranging Periscope Ask Me Anything session on February 7 (see below). ‘We Definitely Want to Add’ Ripple as a Partner “We are w
  
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• Bitcoin [BTC/USD] Price Analysis: Cryptocurrency continues to fumbles as bear holds strong - AMBCrypto News

  07-02-2019 22:40
  Bitcoin [BTC/USD] Price Analysis: Cryptocurrency continues to fumbles as bear holds strong  AMBCrypto NewsThe cryptocurrency market's rollercoaster movement has done nothing to alleviate the concerns raised by users and investors alike. Popular cryptocurrencies ...
  
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• Are Bitcoin ATMs Driving Adoption, Criminality, or Consumerism?

  07-02-2019 22:00 via newsbtc.com
  The number of Bitcoin ATMs around the world continues to grow each year. For many, this signals a surging demand for real-world locations to trade Bitcoin – a sure sign of growing adoption, at least on paper.
  Thanks to exorbitant fees, however, it is difficult to picture folks using the ATMs for the most common uses of Bitcoin today — retail and speculation. Unfortunately, the only economical use case for the machines that beats current options seems to be to launder money.
  Just Who&
  
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• Over 5.5 Billion USDC has Been Transferred оn-Chain

  07-02-2019 21:40 via cointelegraph.com
  As of Jan. 31, 2019 over 5.5 billion USDC stablecoins have been transferred on the Ethereum blockchain
  
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• Facebook’s Crypto Shopping Spree Isn’t Over Yet. Here’s Who Else They Might Acquire.

  07-02-2019 21:40
  Facebook’s crypto ambitions are reportedly not limited to its acquisition of blockchain startup Chainspace, according to The Information. Facebook Has Met with at Least Three More Crypto Startups Citing unnamed sources, the publication said Facebook has been eyeing several blockchain startups with a view of making acquisitions. Some of these firms include Algorand, Basis and Keybase. Around two months the social media giant reportedly held discussions with stablecoin startup Basis. This wa
  
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• Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends - CBC News

  07-02-2019 21:25
  Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends  CBC NewsWatching the boy-faced Ontario business school graduate back then, it's difficult to imagine Gerald Cotten's death at the age of 30 would touch off a storm of ...
  
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• Investing App Invstr Launches Cryptocurrency Index - Cointelegraph

  07-02-2019 21:03
  Investing App Invstr Launches Cryptocurrency Index  CointelegraphNews. Investing app Invstr has launched a cryptocurrency index for their platform, allowing users to follow cryptocurrency markets, according to a press release ...
  
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• Crypto Analyst Expects Strong Bitcoin Bounce, Monthly MACD Signals Bottom

  07-02-2019 21:00 via newsbtc.com
  Members of the crypto community, analysts, investors, and traders alike are all consumed with analyzing charts, both current and historic, hoping to find early signals that the bottom of Bitcoin’s now longest ever bear market is in.
  One particular prominent chartist and trader, believes that Bitcoin is due for a powerful bounce soon, and further suggest that the monthly MACD has started to signal that the bottom of the 2018-2019 bear market may be in, if patterns witnessed in previous bull
  
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• Amazon Shoppers Don’t Want Jeff Bezos to Build a Bitcoin Exchange

  07-02-2019 20:43
  A recent survey of Amazon users by Investing.com finds that just 13% of online shoppers would be comfortable buying Bitcoin and other cryptocurrencies through the e-commerce giant. About the same percentage of people would be comfortable buying prescription drugs and medical marijuana from Jeff Bezos and company. Comparatively, about 73% of people show interest in purchasing an Amazon-branded computer. Survey: Just 13% of Shoppers Want to Buy Bitcoin on Amazon Other notable statistics: almost ha
  
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• Goatse Keeps Trying to Make Money With Cryptocurrency - Motherboard

  07-02-2019 20:12
  Goatse Keeps Trying to Make Money With Cryptocurrency  MotherboardGoatse.cx's latest play with virtual money is selling pixel space for ether, the Ethereum blockchain's native token.
  
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• Bitcoin Price Analysis: BTC Fundamental and Technical Indicators Diverge

  07-02-2019 20:00 via newsbtc.com
  Bitcoin price trading within tight ranges
  Adoption picking up, positive for BTC in the long-term
  Transactional volume droppingIt’s all about adoption. Luckily, metrics point to increasing participation, a development which is bullish for BTC in the long term. Before we initiate longs, BTC/USD is technically bearish. The position will change after there are substantial gains above $3,800.
  Latest Bitcoin News
  Fundamentals
  Traders, as well as investors, are neck deep in bear territory. Howev
  
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• Shoppers want to buy drugs, cryptocurrency on Amazon - New York Post

  07-02-2019 19:58
  Shoppers want to buy drugs, cryptocurrency on Amazon  New York Post Consumers can buy almost anything on Amazon.com, but they would like to be able to purchase more, including prescription drugs, medical marijuana and...
  
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• Blockchain-Based Digital ID Systems Are Increasingly Finding Real-World Use

  07-02-2019 19:53 via cointelegraph.com
  More than hype: How blockchain tech is providing real organizations with digital ID benefits
  
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• Investing App Invstr Launches Cryptocurrency Index

  07-02-2019 19:50 via cointelegraph.com
  Launch of the crypto index on investment app, Invstr, will help users navigate the cryptocurrency market
  
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• Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals

  07-02-2019 19:44 via cointelegraph.com
  World’s largest crypto exchange Binance “definitely want[s] to add” Ripple’s xRapid as a partner in future, CZ reveals
  
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• Venezuela Bitcoin trading volume hits record high

  07-02-2019 19:38
  The subject of many 2018 headlines, inflation-stricken Venezuela is now posting its highest level of bitcoin volume to date.
  Venezuela flocking toward bitcoin
  Last week Venezuela saw more than 2,000 bitcoin (BTC) in total volume, a first for the country according to a February 6 report from TrustNodes.
  At current prices, 2,000 BTC equates to more than $6.8 million in bitcoin transactions, according to CoinMarketCap price data. Taking into account last week’s slightly higher BTC pricin
  
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• Blockchain Analysis Links Hamas Fundraising to Coinbase Bitcoin Account

  07-02-2019 19:30
  Hamas is soliciting bitcoin donations for its military operations, but so far has only garnered a few thousand dollars.
  
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• Project PAI Is Betting It Can Use Blockchain to Make AI Available to Everyone

  07-02-2019 19:26
  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 in the press release. Last week, almost 300M people tuned into the watch China Central Television’s (CCTV) Network Spring Festival G
  
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• While Wells Fargo Sees an Epic Blackout [Again], Here’s Why Bitcoin Matters

  07-02-2019 19:22
  Customers of Wells Fargo, the 13th largest bank in the world, have been unable to gain access to online banking, ATMs, and in some cases credit cards, showing the merit of digital assets like Bitcoin. My card acting funny, can’t get access to the app, and customer service doesn’t seem to be answering the phone. What’s going on #WellsFargo?? It’s too early for this nonsense! — Austin⚡️ (@austin3000__) February 7, 2019 On February 7, Wells Fargo officiall
  
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• Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn

  07-02-2019 19:21 via cointelegraph.com
  Bitcoin hovers near $3,400 again while the top 20 cryptocurrencies are reporting mostly slight to noteworthy gains
  
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• Ripple Price Analysis: XRP Reject Losses, IMF Economists Pro Crypto?

  07-02-2019 19:00 via newsbtc.com
  Ripple price stable, reject lower lows
  IMF proposes a duo cash system with virtual currencies and cash in circulation
  Transaction volumes low, likely to spike as prices recoverFinally, IMF economists agree that there is a way governments can incorporate virtual currencies in their economies.  Any assimilation would be an endorsement that would see prices of digital assets including XRP claw back losses.
  Ripple Price Analysis
  Fundamentals
  The global economy is yet to recover from the GFC of
  
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• Is Kudlow Shorting the Dow? Stock Market Plunges as Top Trump Adviser Says US & China ‘Miles’ Apart on Trade

  07-02-2019 18:56
  The Dow’s mid-week sell-off took an even steeper turn on Thursday after White House economic adviser Larry Kudlow broke from the Trump administration talking point that the United States and China are close to reaching an agreement to end the trade war before new tariffs kick in at the beginning of March. Kudlow: US & China ‘Miles’ Apart on Trade Deal Speaking with Fox Business, Kudlow — who has served as US President Donald Trump’s Director of the National Econ
  
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• Arwen: Lightning Network for crypto traders

  07-02-2019 18:45
  Security issues have dominated the cryptocurrency industry since the introduction of bitcoin and the subsequent emergence of altcoins. While the industry is growing in popularity year by year, the number and severity of scams, hacks, and other security concerns – especially through crypto exchanges – are also on the rise. Chainanalysis reported that $1 billion worth of cryptocurrencies was stolen in 2018 by criminals.
  One thing to note is that not all cryptocurrencies and their vulne
  
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• Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

  07-02-2019 18:41 via cointelegraph.com
  Ripple has announced the latest new partners in its global University Blockchain Research Initiative, which include universities in China, Singapore and Brazil
  
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• Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE

  07-02-2019 18:22 via cointelegraph.com
  Crypto exchange ErisX has appointed three new executives from the finance and technology spheres, including veterans from Barclays, YouTube and CBOE
  
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• Bitcoin Bull Tom Lee Predicted a $25,000 Milestone in December. His Firm Just Set a Target of $2,270 in Q1 2019

  07-02-2019 18:05
  Fundstrat’s Tom Lee had predicted Bitcoin price to touch the $25,000-mark by the end of 2018. The November crash prompted the crypto bull to lower his prediction to $15,000. However, against the projections, the digital currency closed the year just shy of $3,800, according to CoinMarketcap.com. The new year also did not bring much relief to the bitcoin and the rest of the cryptocurrency market. The industry entered its most extended bear cycles in February 2019 and, according to Fund
  
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• Tron Price Analysis: Book 550,000+ hotels worldwide using TRX

  07-02-2019 18:00 via newsbtc.com
  Tron prices shrink ahead of Feb 11 BTT airdrop
  Book hotels through Travala and pay using TRX
  Transactions volumes low, prices could drop towards Jan 21 lowsDespite increasing adoption and upcoming BTT airdrop, TRX is yet to print above BTT Pre-ICO levels. Nevertheless, TRX stands to weather strong sell pressure and resume their uptrend in the third stage of a classic bull breakout pattern.
  Tron Price Analysis
  Fundamentals
  Through Travala, you can now pay your accommodation using TRX in 82,311 D
  
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• Dow Gets Lost in the ‘Fog of Brexit’ as Stock Market Craters

  07-02-2019 17:52
  The U.S. stock market declined sharply on Thursday after the Bank of England (BOE) slashed its growth outlook for 2019, citing underlying risks tied to Brexit. The United Kingdom is struggling to carve out a clear exit strategy from the European Union after Members of Parliament voted to reject Theresa May’s latest Brexit deal. DOW JONES TAKES THE PLUNGE All of Wall Street’s major indexes headed for sharp losses Thursday morning, and were on track for their second consecutive down se
  
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• TD Bank: 90% of Finance Professionals Think Blockchain Will Have a Positive Impact

  07-02-2019 17:46 via cointelegraph.com
  Distributed ledger technologies will have a positive effect on the finance industry, according to 90 percent of respondents to a TD Bank survey
  
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• Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

  07-02-2019 17:00
  There's a website out there masquerading as Bakkt in an apparent attempt to bilk people out of their bitcoin.
  
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• Why GM’s Electric Cadillac Should Absolutely Terrify Tesla & Elon Musk

  07-02-2019 16:56
  When people talk about luxury electric vehicles, Tesla is inevitably the first brand that comes to mind. Refusing to be outdone by this relatively new kid on the block, storied American auto company GM plans to steal Tesla’s thunder by outfitting its legendary Cadillac with EV technology. GM CEO Mary Barra discussed the automaker’s electric vehicle efforts Wednesday during the company’s full-year 2018 earnings call. She also discussed other endeavors involved in increasing
  
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• Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse

  07-02-2019 16:47 via cointelegraph.com
  Bitcoin trading volumes in Venezuela have reached a new all time high, rising to almost $7 million per week on p2p platform LocalBitcoins
  
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• Breaking the Price Volatility Problem in Crypto – Radix Launches It’s Economic Paper and Video Challenge

  07-02-2019 16:31
  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 in the press release. Radix DLT releases Economics Whitepaper detailing new crypto token which is set to overcome volatility in the market
  
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• Softbank CEO is $5 Billion Richer after Masterminding Company’s Biggest-Ever Stock Buyback

  07-02-2019 16:21
  Another day, another $5 billion in the purse for SoftBank’s Chief Executive Officer Masayoshi Son. The Japanese business mogul saw a boost to his net worth after he maneuvered the biggest stock buyback in his company’s history. On Wednesday, shares of the SoftBank Group surged after Son announced that the firm would be initiating a stock buyback following the favorable financial performance it recorded in Q4 2018. The $6 billion Buyback Son has always favored reinvesting his capital
  
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• 888 Tron: A Tron Network Based Gaming Platform That Allows to Play, Mine and Earn Dividends

  07-02-2019 16:21
  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 in the press release. 888 Tron platform has launched on the Tron Network during December 2018. It promises to revolutionize the gaming ind
  
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• BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

  07-02-2019 16:05 via cointelegraph.com
  Peer-to-peer torrent client BitTorrent has announced that its native TRON-based token, BTT,is now supported by CoinPayments’ crypto payments gateway
  
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• Ripple Teams With 10 New Universities for Blockchain Research Initiative

  07-02-2019 16:00
  Ripple has partnered with another 10 top universities for its international blockchain research program, bringing the total to 29.
  
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• QuadrigaCX: Exit scam or just unfortunate turn of events?

  07-02-2019 15:42
  QuadrigaCX reportedly lost its CEO recently, resulting in the disappearance of millions of dollars in funds. Additional alleged information shows the public’s skepticism toward the situation.
  QuadrigaCX CEO dies
  According to a February 4 article from Bloomberg, 30-year-old QuadrigaCX CEO Gerald Cotten died from Crohn’s disease on December 9, while in India.
  Reportedly due to the unfortunate event, roughly $145 million worth of customers’ crypto assets now sits locked on Quadrig
  
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• QuadrigaCX an exit scam, or just unfortunate events?

  07-02-2019 15:42
  QuadrigaCX reportedly lost its CEO recently, resulting in the disappearance of millions of dollars in funds. Additional alleged information shows the public’s skepticism toward the situation.
  QuadrigaCX CEO dies
  According to a February 4 article from Bloomberg, 30-year-old QuadrigaCX CEO Gerald Cotten died from Crohn’s disease on December 9, while in India.
  Reportedly due to the unfortunate event, roughly $145 million USD worth of customers’ crypto assets now sits locked on Qua
  
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• How MIT Joined Ethereum in the Race for the PoS Blockchain

  07-02-2019 15:40 via cointelegraph.com
  Backed by $162 million in investments and MIT, Algorand may become the first scalable blockchain working on the proof-of-stake protocol
  
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• How MIT Joined Ethereum in the Race for the First PoS Blockchain

  07-02-2019 15:40 via cointelegraph.com
  Backed by $162 million in investments and MIT, Algorand may become the first scalable blockchain working on the proof-of-stake protocol
  
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• Bitcoin SV Leaps 13.62%, Rooting Itself Among Billion-Dollar Cryptos but Fails to Make Top 10

  07-02-2019 15:35
  The Bitcoin SV posted an impressive rally during the trading session on Thursday but found enough resistance at a higher high formation. The coin briefly surpassed Binance Coin to claim its 10th top cryptocurrency spot but retraced back to 11th position due to weak upside momentum with a current market cap of $1.1 billion. Deja Vu Trading The Bitcoin SV-to-dollar exchange rate (BSV/USD) established a new intraday high at 70.526, up 13.62% from the day’s open. However, the pair remained on
  
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• Report: 12.7% of Shoppers Want Amazon to Sell Crypto Services, is it a Possibility?

  07-02-2019 15:30 via newsbtc.com
  Only 12.7% of Amazon customers want the marketplace to sell crypto products or services, according to a new report.
  Global financial portal Investing.com surveyed more than 1,000 Amazon clients to study their consumption rate from the online portal. The survey included a section that discussed possible products – hypothetical services that Amazon should offer as a part of its industrial expansion.
  Respondents, who were allowed to select multiple options, voted mostly in favor of an Amazon-
  
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• Hackers to Cash $3.2M of Stolen Cryptopia Assets

  07-02-2019 15:17
  Police also report on active progress on the investigation of the incident
  
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• Dow Futures Dive, But This Analyst Says the Bitcoin Price’s Outlook is Even More Bleak

  07-02-2019 15:04
  The US stock market appears ready to extend Wednesday’s declines into Thursday, with Dow futures flashing triple-digit declines ahead of the opening bell. Prices remain flat in the cryptocurrency market, but even one rabidly-bullish strategist has warned that bitcoin could endure another sell-off within the near future. Dow Futures Slide as Guidance Cuts Mount As of 8:59 am ET, Dow Jones Industrial Average futures had plunged by 133 points or 0.53 percent, implying an opening bell loss of
  
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