Cryptocurrency news

• Bitcoin Cash Developer Amaury Sechet Claims He’s Satoshi Nakamoto, Was He Really Being Serious?

  10-02-2019 23:50
  The Bitcoin community will be rolling its eyes right about now. Bitcoin Cash developer Amaury Sechet, the self-described “benevolent dictator” of the Bitcoin ABC (primary) implementation of BCH, has claimed he is Satoshi Nakamoto. I am Satoshi Nakamoto. There it is said and I can prove it:304502200fc3909c3224bc140b7aed365f33f066bd81eabedd198ad2a257882e86586ae8022100f03c6f63cddb43ebf48512c9a0cc0f97fd2cf227d22f15691d7ad65e49ddd659 — Deadal Nix (@deadalnix) February 8, 2019 In the
  
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• Litecoin (LTC) Price Surges Over 7% to Nearly $47 as it Continues its Upwards Surge

  10-02-2019 23:30 via newsbtc.com
  After an incredibly positive week for Litecoin (LTC), it has been able to continue its upwards price surge today and is one of the few major cryptocurrencies that has surged during an overall quiet trading session in the crypto markets.
  Today’s upwards move has brought LTC to the top of its resistance region, and a break above this level could lead to a significantly further price surge.
  Litecoin Price Surges During Quiet Trading Session
  At the time of writing, Litecoin (LTC) is trading up
  
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• Why Japan Might Quash Brock Pierce’s Plans to Re-Launch Notorious Bitcoin Exchange Mt. Gox

  10-02-2019 22:14
  Ever since the security breach of Coincheck in January 2018, formerly the largest crypto exchange in Japan, local authorities have imposed a stricter process in granting licenses to trading platforms that support Bitcoin and other cryptocurrencies. Recently CCN reported that Brock Pierce, the co-founder of Blockchain Capital, disclosed his plans to revive Mt. Gox, an exchange which lost billions of dollars in user funds stored in Bitcoin in 2014. By distributing $1.2 billion currently held by Mt
  
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• Bitcoin Investor Lost Life Savings When QuadrigaCX Didn’t Issue $422,000 Withdrawal

  10-02-2019 22:00 via newsbtc.com
  In a matter of weeks, the demise of QuadrigaCX, once Canada’s largest Bitcoin exchange, has reached the front pages of mainstream media outlets worldwide. Bloomberg, Reuters, and Fox Business are among the mass of notable outlets that have covered this debacle.
  While their coverage of this situation has brought things to light that should be known, relatively little attention has been given to those affected, a purported 115,000. Some lost close-to-zero in funds, while others los
  
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• Hodler’s Digest, February 4–10: Top Stories, Price Movements, Quotes and FUD of the Week

  10-02-2019 21:14 via cointelegraph.com
  Facebook acquires some blockchain-skilled personnel, Venezuela gets a crypto framework, and more in this week’s Hodler’s Digest
  
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• Activision-Blizzard Employees Doomed By Fortnite’s Dominance

  10-02-2019 21:10
  Activision-Blizzard employees are preparing for major destruction as the company is planning to lay off hundreds this week. The game maker’s deteriorating financials have been on full display over the past several months. Its flagship games are being dethroned by the competition. The most formidable player in the space is the free-to-play Fortnite. The pink slips could start being doled out after the company reports its fourth quarter 2018 earnings on Feb. 12. When You Can’t Compete
  
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• Excuse Me Gov. Northam, But What the Hell is Going on in Northern Virginia?

  10-02-2019 20:51
  The Commonwealth of Virginia is engulfed in scandal, and it’s even more bizarre because it’s so many different scandals all concentrated at the same point. The date rape accusations against Virginia Lt. Governor Justin Fairfax top off a week and a half of Virginia’s top politicians making shocking headlines. There have been so many different and unrelated scandals in rapid succession that each one gets lost in the shock waves caused by the next. And they just keep hitting. Some
  
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• Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks

  10-02-2019 20:30 via newsbtc.com
  Following the positive volatility the markets experienced on Friday, Bitcoin (BTC) has been able to find stability in the $3,600 region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains.
  Now, one analyst is claiming that Bitcoin may surge as high as $5,000 in the coming weeks, as the cryptocurrency begins to develop more bullish technical formations.
  Analyst: Bitcoin May Soon Surge to $5,000
  At the time of writing, Bitcoin is trading down nominally at
  
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• Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices

  10-02-2019 19:43 via cointelegraph.com
  Fundstrat Global Advisors releases its 2019 crypto outlook, stating that crypto prices will soon recover and more institutional investors will come into play
  
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• Simply ‘Logical’ for Every Big Macro Fund to Hold 1% in Bitcoin: US Billionaire Investor

  10-02-2019 19:23
  In the last 48 hours, the Bitcoin price recovered beyond the crucial $3,500 support level and avoided a further drop below $3,000. The valuation of the cryptocurrency market increased from $110 billion to $120 billion, by just over $10 billion. Following the strong corrective rally of Bitcoin, billionaire investor Mike Novogratz stated that every major macro fund should hold at least 1 percent of their portfolios in Bitcoin. How’s the Long-Term Prospect of Bitcoin? Generally, analysts expe
  
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• Simply ‘Logical’ for Every Big Macro Fund to Hold 1% in Bitcoin: Billionaire Investor

  10-02-2019 19:23
  In the last 48 hours, the Bitcoin price recovered beyond the crucial $3,500 support level and avoided a further drop below $3,000. The valuation of the cryptocurrency market increased from $110 billion to $120 billion, by just over $10 billion. Following the strong corrective rally of Bitcoin, billionaire investor Mike Novogratz stated that every major macro fund should hold at least 1 percent of their portfolios in Bitcoin. How’s the Long-Term Prospect of Bitcoin? Generally, analysts expe
  
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• $3 Trillion Hedge Fund Industry Should Have 1% In Bitcoin (BTC), Claims Novogratz

  10-02-2019 19:00 via newsbtc.com
  Although undoubtedly Bitcoin rose to worldwide fame and glory in late-2017, institutions have been slow to make a bonafide foray into this asset class. In fact, effectively zero preeminent Wall Street funds have divulged that they have taken active stakes in cryptocurrencies. Many traditionalists would argue that this is for good reason, but crypto’s enthusiasts have been left asking — what’s the deal?
  Novogratz: Where Are Bitcoin Allocations From Wall Street?
  In a tweet i
  
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• How We Will Remember the Year of the Dog? ICO Market Decline, Trend Toward Compliance and Other Takeaways

  10-02-2019 18:15 via cointelegraph.com
  Happy Chinese New Year! The Year of the Dog is now over. Time for the main takeaways: from the ICO market’s decline to the “Blockchain before Bitcoin” trend
  
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• Mt. Gox to Live Again, Bitcoin Is ‘Honestly Useless,’ and Jack Dorsey Likes Lightning Network: This Week in Crypto

  10-02-2019 17:24
  Please comment at the end about your favorite stories of the week. While our coverage has expanded well beyond cryptocurrency news, we’d love to know which crypto subjects our readership prefers get the most attention. Mt. Gox to Rise Again CCN broke the news that Brock Pierce will be re-opening Mt. Gox after Japanese courts approve a civil rehabilitation plan to repay creditors in cryptocurrency. Public reception of the idea has so far been luke-warm at best. Pierce told CCN: The only per
  
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• Top 5 Crypto Performers Overview: Litecoin, Binance Coin, EOS, Dash, Monero

  10-02-2019 17:06 via cointelegraph.com
  As the week draws to a close, Tron and Binance Coin show significant gains. For how the rest of the market looks, let’s take a look at the charts
  
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• Major Currencies Gradually Roll Back After Short Recovery, Bitcoin Stays Over $3,600

  10-02-2019 16:49 via cointelegraph.com
  Top cryptocurrencies are gradually rolling back after a recent short recovery, Bitcoin is trading sideways around $3,600
  
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• Social Proof-of-Work: Asia Reserve Currency Coin and Its Fight Against Corruption

  10-02-2019 15:55
  A Southeast Asian stablecoin project aims to neuter corruption. It places an incentive on public reporting of problems. The International Blockchain Monetary Reserve calls the Asia Reserve Currency Coin (ARCC) a “macroeconomic stablecoin.” While it has a seemingly complicated structure, the premise is simple enough: as productivity and GDP increase as a result of its effects, the ARCC will increase in value. The token’s economy will have two parts. One is a licensed hedge fund
  
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• Lawyers for Israeli Crypto Entrepreneur Say White Paper Confers No Legal Responsibility

  10-02-2019 15:27 via cointelegraph.com
  The lawyers of Moshe Hogeg, a major Israeli entrepreneur who is currently facing a lawsuit, claim that Stox’s white paper is a descriptive, non-binding document
  
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• California Engineer Loses $422,000 in Life Savings after Using QuadrigaCX; Is Help Coming?

  10-02-2019 14:50
  A California-based engineer lost the entirety of his life savings after using QuadrigaCX’s cryptocurrency exchange for remittance. Tong Zou, 30, said in an interview to Bloomberg that he had opened a withdrawal request at QuadrigaCX in October 2018. According to his statements, he was planning to move to Canada at that time. Zou thought using a cryptocurrency exchange for remittance would save him money. So, he purchased bitcoins in the US and transferred them to his Canada-based Quadriga
  
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• After founder’s sudden death, cryptocurrency exchange can’t access $190 million in holdings - The Denver Post

  10-02-2019 14:47
  After founder’s sudden death, cryptocurrency exchange can’t access $190 million in holdings  The Denver PostAfter the founder of Canada's biggest cryptocurrency exchange, QuadrigaCX, died unexpectedly, about 115000 clients have been unable to retrieve $190 ...
  
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• SEC ‘Crypto Mom’: Delay in Crypto Regulation May Allow More Freedom for Technology

  10-02-2019 13:13 via cointelegraph.com
  U.S. SEC commissioner Hester Peirce, dubbed “Crypto Mom” for her attitude to the industry, believes the lack of clear regulation allows technology to come into its own
  
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• Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned

  10-02-2019 13:08
  In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. Facebook’s Fifth Largest Market, Surprisingly, is China According to reporting by TheStreet and a research note from Pivotal, it’s estimated that Facebook made anywhere between $5 billion and $7 billion from Chinese advertisers. This figure is about 10% of Facebook’s 2018
  
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• “The NEM Foundation You Knew Before Is Gone,” What Is Next

  10-02-2019 12:47 via cointelegraph.com
  The NEM Foundation was forced to make an emergency announcement on their current financial situation and considers asking the NEM community for additional funding
  
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• What to Know Tron’s BitTorrent Token Airdrop This Week

  10-02-2019 12:00
  Starting Monday, Tron embarks on one of the longest airdrop experiments in history, with BTT token giveaways happening monthly into 2025.
  
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• What to Know About Tron’s BitTorrent Token Airdrop This Week

  10-02-2019 12:00
  Starting Monday, Tron embarks on one of the longest airdrop experiments in history, with BTT token giveaways happening monthly into 2025.
  
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• Binance CEO: ‘We’re Still at the Beginning of the Beginning’ of Bitcoin Revolution

  10-02-2019 11:42
  Bitcoin billionaire Changpeng Zhao has an encouraging message for crypto fans who fear they missed the boat on the cryptocurrency bandwagon: The bitcoin revolution is still “at the beginning of the beginning,” so you haven’t missed anything yet. Zhao ― the founder of cryptocurrency exchange Binance ― was responding to a Twitter user who says he wishes he had jumped on the bandwagon in 2013, when bitcoin was still an obscure technology in its infancy. In 20
  
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• What We’re Missing About Institutional Investment in Crypto Winter

  10-02-2019 11:00
  Institutional investment in crypto is not as divorced from retail sentiment as many believe, writes Noelle Acheson.
  
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• Bitcoin a ‘Major Concern’ for the Indian Government, if Used for Payments: Report

  10-02-2019 10:15
  India has long been a nation that has taken a hardline stance towards cryptocurrencies. The risks associated with digital currencies such as money laundering and terrorism funding have long fueled the Indian government’s approach to dealing with digital assets. A panel of high-ranking officials tasked with the job of drafting new cryptocurrency regulatory framework for India is now concerned with its impact on the Rupee. In terms of cryptocurrency adoption in India, it seems the government
  
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• Canada’s Regulators Might Help Crypto Exchange QuadrigaCX’s Victims After All

  10-02-2019 08:43
  Provincial securities regulators in British Columbia, Canada, won’t be investigating the QuadrigaCX scandal. However, new developments could see Canada’s largest securities body, the Ontario Securities Commission (OSC), begin an investigation. On Friday, according to Reuters, the OSC has confirmed in a statement it will be looking into cryptocurrency exchange QuadrigaCX, where currently $190 million in cryptocurrency has been lost. Though an OSC spokesperson did not confirm if the re
  
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• Cryptocurrency This Week: Jack Dorsey Passes Lightning Torch, Terror Group Hamas Announces Crypto Crowdfunding, And More - Inc42 Media

  10-02-2019 07:07
  Cryptocurrency This Week: Jack Dorsey Passes Lightning Torch, Terror Group Hamas Announces Crypto Crowdfunding, And More  Inc42 MediaLast week, the al-Qassam Brigades, the military wing of US-designated terrorist group Hamas announced plans to crowdfund through Bitcoin.
  
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• Report: Philippines-Based Banking Giant Launching Two-Way Crypto ATMs

  10-02-2019 07:03 via newsbtc.com
  When you think of nations with a notable Bitcoin ecosystem, many crypto investors would immediately think of the U.S., Malta, Singapore, Japan, and South Korea. Yet, many draw little attention to the Philippines, a nation that is seemingly filled to the brim with cryptocurrency users.
  A large financial institution based in the Philippines made a notable pro-crypto move last week — one that could potentially spark widespread adoption within the Asian nation.
  Meet Union Bank&r
  
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• Ripple Price Weekly Analysis: XRP Primed For More Upsides

  10-02-2019 07:00 via newsbtc.com
  Ripple price bounced back sharply and broke the $0.3000 resistance level against the US dollar.
  There was a break above a major bearish trend line with resistance near $0.2900 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  The pair is now placed nicely above the $0.3000 support and the 100 simple moving average (4-hours).Ripple price gained a strong bullish momentum against the US Dollar and bitcoin. XRP/USD is likely to extend the current wave towards the $0.3300 or $0.340
  
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• Bitcoin Price Weekly Analysis: BTC Could Rebound To $4,000

  10-02-2019 06:08 via newsbtc.com
  Bitcoin price formed a significant support near the $3,345 level and jumped sharply against the US Dollar.
  There was a break above a crucial bearish trend line with resistance at $3,380 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  The pair rallied above the $3,400 and $3,500 resistance levels to move into a bullish zone.Bitcoin price surged higher recently above the $3,550 barrier against the US Dollar. BTC/USD might continue to move higher towards the $3,800 and $4,000 res
  
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• Ethereum Price Weekly Analysis: ETH Skyrockets, Dips Remain Supported

  10-02-2019 05:28 via newsbtc.com
  ETH price formed a solid support at $100 and started a strong uptrend against the US Dollar.
  There was a break above a crucial bearish trend line with resistance at $104 on the 4-hours chart of ETH/USD (data feed via Kraken).
  The pair traded as high as $122 and it is currently consolidating gains with range moves.Ethereum price climbed higher sharply versus the US Dollar and Bitcoin. ETH/USD is now placed in a bullish zone above the $114 and $112 support levels in the near term.
  Ethereum Price
  
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• Formula 1's Aston Martin Red Bull announces a new cryptocurrency partnership - CryptoMeNowNew

  10-02-2019 03:42
  Formula 1's Aston Martin Red Bull announces a new cryptocurrency partnership  CryptoMeNowNewFormula 1 race team, Aston Martin Red Bull have recently announced a new partnership with FuturoCoin who will be sponsoring the Red Bull Formula 1 team ...
  
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• Free Money for Everyone Sounds Great, But Finland Proves Basic Income is a Bust

  10-02-2019 02:01
  Universal basic income experiments and other plans that seek to distribute free money seem wonderful considering so many people struggle to make ends meet because of their limited incomes. In the U.S., many legislators have called for federal and or/state governments to trial these economic policies. One recent proposal actually calls for people to receive money from the government even if they are unwilling to work! As lawmakers and supporters champion such ideas, it would behoove them to look
  
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• Fundstrat: Bitcoin Fundamentals “Should” Turn Positive Over 2019

  10-02-2019 01:00 via newsbtc.com
  While 2018’s lethargic crypto market crawl has continued into early-2019, save for Friday’s sudden buy-side influx, analysts have begun to express optimism. Case in point, Fundstrat Global Advisors, a New York-headquartered investment advisory outfit, expressed why the outlook for Bitcoin and other cryptocurrencies could improve over 2019.
  Fundstrat Expects Bitcoin Fundamentals To Improve
  In a recent tweet outlining the premise of a company report, Thomas Lee, the co-founder of Funds
  
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• Is Billionaire Michael Bloomberg Really the Democrats’ Best Chance to Beat Trump in 2020?

  10-02-2019 00:47
  Steven Rattner, a major Democratic donor, told Yahoo! Finance in a recent interview for the website’s “Influencers with Andy Serwer” podcast that he thinks billionaire former New York City Mayor Michael Bloomberg could “absolutely” defeat Donald Trump in the 2020 U.S. presidential election as the Democratic nominee. Rattner, whose net worth is in the hundreds of millions of dollars according to public disclosures, is an investment financier who manages Michael Bloom
  
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