Cryptocurrency news

• Leading Banks are Blocking Cryptocurrency. Here is Why. - Today's Gazette

  01-06-2019 23:42 via todaysgazette.com
  Leading Banks are Blocking Cryptocurrency. Here is Why.  Today's GazetteWhen Bitcoin and other digital currencies were first introduced, banks were indifferent to their existence. They allowed their debit and credit cards to be used in ...
  
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• Guggenheim: Trade War Could Trigger Agonizing Stock Market Crash

  01-06-2019 23:30
  By CCN: A Wall Street legend warns that you should expect more pain in the stock market as President Donald Trump’s trade war with China rages on. Scott Minerd — the Global Chief Investment Officer and co-founder of Guggenheim Partners – says equities could suffer an even bigger sell-off this summer than they did in last year’s fourth quarter bloodbath. Scott Minerd: End of Decade-Long Bull Market Is in Sight He told MarketWatch: “The trade tensions are likely to ge
  
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• Crypto Tidbits: Bitcoin Taps $9,100, Samsung Pay Could Support Cryptocurrency, Whales Accumulating - newsBTC

  01-06-2019 23:01 via newsbtc.com
  Crypto Tidbits: Bitcoin Taps $9,100, Samsung Pay Could Support Cryptocurrency, Whales Accumulating  newsBTCAnother week, another round of Crypto Tidbits. Bitcoin (BTC) has seen a crazy week of price action. On Sunday, just after we published our last edition of.
  
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• Crypto Tidbits: Bitcoin Taps $9,100, Samsung Pay Could Support Cryptocurrency, Whales Accumulating

  01-06-2019 23:00 via newsbtc.com
  Another week, another round of Crypto Tidbits. Bitcoin (BTC) has seen a crazy week of price action. On Sunday, just after we published our last edition of this weekly update, BTC shot up to $8,800, breaking out of a triangle formation that had bulls’ downfall for the better part of three weeks. While the bullish momentum has since tapered, with the cryptocurrency falling to $5,550, many are still decidedly bullish.
  In a recent segment on Bloomberg TV, Jehan Chu of Kenetic Capital explained
  
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• Booming Bitcoin Cash Price Will Rip to $1,200 in 2019

  01-06-2019 22:00
    By CCN: The long crypto winter left virtually every cryptocurrency reeling, but few assets suffered as much carnage as bitcoin cash. The bitcoin fork endured such a brutal beating that it plunged from an all-time high of $4,000 on December 20, 2017 down to $73.60 less than one year later. The vicious downtrend pushed bitcoin cash to the brink of extinction as it lost over 98 percent of its value. Nevertheless, the last few months have been kind to BCH. Bulls have finally returned to this
  
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• Bloomberg: Block.one’s Launching an EOS-Based Crypto Social Network

  01-06-2019 22:00 via newsbtc.com
  Over the past week, EOS has been on an absolute tear, rallying by 40% in seven days’ time as most other crypto assets have stagnated. But why? Well, for months now, Block.one, the Cayman Islands-based company behind the protocol’s development and subsequent public sale, has been touting that something big is coming on June 1st.
  Related Reading: Crypto Market Wrap: EOS Pumps 15 Percent as B1 Event Nears
  No, what’s coming is not winter. Rather, Block.one’s has been purporte
  
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• Bloomberg: Block.one’s is Launching an EOS-Based Crypto Social Network

  01-06-2019 22:00 via newsbtc.com
  Over the past week, EOS has been on an absolute tear, rallying by 40% in seven days’ time as most other crypto assets have stagnated. But why? Well, for months now, Block.one, the Cayman Islands-based company behind the protocol’s development and subsequent public sale, has been touting that something big is coming on June 1st.
  Related Reading: Crypto Market Wrap: EOS Pumps 15 Percent as B1 Event Nears
  No, what’s coming is not winter. Rather, Block.one’s has been purporte
  
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• WEF Head of Blockchain Sheila Warren: ‘This Tech Can Solve the Trust Crisis’

  01-06-2019 21:37 via cointelegraph.com
  Blockchain is a solution to the worsening trust crisis in the United States, claims WEF Head of Blockchain, Sheila Warren
  
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• After Posting Best Monthly Close Since 2017, Bitcoin May be Posed for Significantly Further Gains

  01-06-2019 21:30 via newsbtc.com
  Despite facing some instability earlier this week, Bitcoin has been able to post a decent recovery from its recent lows and appears to be consolidating before it makes another large price movement.
  Analysts are now noting that Bitcoin has posted its best monthly close since 2017, which may support the notion that BTC is currently in the early stages of the next major bull movement that sends the crypto surging higher.
  Bitcoin Finds Stability Above $8,500 
  At the time of writing, Bitcoin is
  
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• Bitcoin Price Approaches $8,600 as Top Cryptos See Slight Gains

  01-06-2019 21:10 via cointelegraph.com
  Top altcoins see moderate gains on the day by press time as bitcoin approaches the $8,600 mark
  
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• Tron Price Soars 20% After Justin Sun Teases Alluring ‘Big Win’

  01-06-2019 20:30
  By CCN: The tron price (TRX) skyrocketed more than 20 percent after founder Justin Sun teased that he would reveal “huge and amazing” news about the cryptocurrency on June 3. Tron CEO Pumps TRX With Twitter Tease Earlier this week, TRX founder and Tron Foundation CEO Justin Sun hinted at a “huge” development in the works. Sun claimed to be in the midst of a new project that would involve tron and the closely-related BitTorrent cryptocurrency. He revealed he had a “7
  
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• Niche Cryptocurrency Making Waves, Beats Bitcoin in Price Surge - ZyCrypto

  01-06-2019 20:10 via zycrypto.com
  Niche Cryptocurrency Making Waves, Beats Bitcoin in Price Surge  ZyCryptoNow we all know that the Japanese have their tastes which are quite peculiar and different from the rest of us. When it comes to cryptocurrencies, they have also beaten everyone else by creating a little-known cryptocurrency known as monacoin (MONA). Conceived in late 2013 and officially launched in 2014 as an alternative to its mother currency (Bitcoin), Mona still offers the same basic features as Bitcoin albeit
  
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• New Wi-Fi regulations might open the Cuban cryptocurrency space - Cryptoline News

  01-06-2019 20:10 via cryptolinenews.com
  New Wi-Fi regulations might open the Cuban cryptocurrency space  Cryptoline NewsCuba announced that it would be allowing private Wi-Fi networks. This might spell significant changes for Cuba whose cryptocurrency space.
  
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• US, Japan Top Sources of Traffic to Crypto Exchanges Globally: Study

  01-06-2019 20:08 via cointelegraph.com
  According to recent research, the United States is the source of the most traffic to cryptocurrency exchanges
  
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• Bitcoin Derivatives See Massive Institutional Volume: Can This Shift BTC’s Price?

  01-06-2019 20:00 via newsbtc.com
  Bitcoin (BTC) has had a crazy seven weeks. After feigning death for upwards of three months, with there being little price action and scant volumes to speak of, the cryptocurrency market returned. In fact, as of the time of writing this, the 24-hour volume figure on Bitwise’s BitcoinTradeVolume indicator reads at $917 million, much higher than the $500 million seen prior to all this price action. (Just last week, this read at a jaw-dropping $2.38 billion).
  Related Reading: Analysts Believe
  
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• Dow Disaster: How Trump Created a $5 Trillion Stock Market Crisis

  01-06-2019 19:00
    By CCN: The Dow recoiled on Friday after President Trump dragged the United States into a trade conflict with Mexico, wreaking havoc on an already-fragile stock market. As Wall Street buckles up for yet another tariff-induced shellacking, equities analysts warn that Trump’s trade war tab is coming due, and the cost already adds up to a staggering $5 trillion. Deutsche Bank: Trump’s Trade War Price Tag Has ALREADY Hit $5 Trillion That’s according to Deutsche Bank chief st
  
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• Bitcoin Holding Wall Street Investor Predicts Declines in S&P 500 Market

  01-06-2019 17:27 via newsbtc.com
  The S&P 500 stock market has delivered its worst May performance in seven years after falling 6.6 percent. And Mark Yusko of Mogan Creek Capital believes that it is about head further lower this year.
  The chief executive officer and one of the world’s most renowned fund managers told CNBC that S&P has been in a bear market since September 2018. He said the market suffered a sharp downtrend last year, which was the first trademark phase of a bearish bias. The next stage, which took
  
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• Everyone’s Hodling Bitcoin: Only 1.3% of Transactions are Payments in 2019

  01-06-2019 17:18
  By CCN: Research by Chainalysis finds that only 1.3% of bitcoin transactions so far in 2019 came from merchants. The remaining 98.7% of volume is all on the exchanges. That means almost no one is using bitcoin to buy things. The bitcoin economy is still mostly about speculation, not a global payments system. The figures are based on data from New York-based blockchain researcher Chainalysis Inc. and are based on the first four months of 2019. In an email to Bloomberg, Kim Grauer, senior economis
  
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• Does Kik Stand a Chance Against the Goliath of the SEC in a US Court?

  01-06-2019 17:02 via cointelegraph.com
  Why Kik’s fight with the SEC could end up creating a new Howey test for crypto
  
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• Death Stranding Promises to be a Batsh*t Crazy Adventure Game

  01-06-2019 15:51
  By CCN: Death Stranding is a batsh*t crazy action adventure game that straddles the line between this world and the next. Created by Metal Gear Solid superstar game designer Hideo Kojima, Death Stranding pits players against all sorts of weird and wacky foes in a post-apocalyptic experience with a twist. Kojima Productions recently released the latest trailer for the upcoming release and its pretty substantial so strap yourself in: The Trailer Leaves More Questions Than it Answers If you weren&r
  
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• Someone Tell Elton John to STFU About Brexit and Just Sing

  01-06-2019 15:30
  By CCN: Sir Elton John’s music is legendary, and he will always be one of our greatest rock stars. He just needs to shut up about politics because nobody wants to hear what he has to say about Brexit – or anything else, for that matter. Celebrity Rule No. 1: Don’t Insult Your Fans That’s especially true when he insults half the British population in the process, the same people that helped make him an international superstar and a very wealthy man. Here’s what Sir E
  
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• These US Insurance Giants Will Pay Each Other on a Blockchain

  01-06-2019 14:40
  By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment. Billions Per Year Settled On Blockchain The claims amount to billions of dollars a year, which is a lucrative volume that blockchains can settle in minutes. The advent of sta
  
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• Crypto Market Primed For Gains: Bitcoin Cash, EOS, TRX, ADA Analysis

  01-06-2019 14:28 via newsbtc.com
  The total crypto market cap tested the key support area near $245.0B and bounced back.
  Bitcoin price jumped sharply after testing the main $8,000 support area.
  EOS price is up more than 10% and it broke the $8.00 and $8.20 resistance levels.
  Bitcoin cash price tested the $420 support level and bounced back above $440.
  Tron (TRX) price is up more than 12% and it recently broke the $0.0350 resistance.
  Cardano (ADA) price is currently trading near the $0.0900 and $0.0905 resistance levels.The cryp
  
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• this skyscraper hides cryptocurrency mining inside a water park in tehran - Designboom

  01-06-2019 14:15 via designboom.com
  this skyscraper hides cryptocurrency mining inside a water park in tehran  Designboomfor an entry to the 2019 evolo skyscraper competition, a team of designers have envisioned the 'post – JCPOA tower: crypto-park' in response to U.S sanctions ...
  
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• Bitcoin Price Still Massive 75% Away From Next Bull Peak, Squeals Analyst

  01-06-2019 13:22
  By CCN: Since December 2018, within 168 days, the bitcoin price has increased by more than 130 percent year-to-date against the U.S. dollar, engaging in a powerful recovery following its crash to $3,150. Based on the historical performance of bitcoin and the length of bull markets throughout the past eight years, cryptocurrency trader Josh Rager suggested the likelihood of the bitcoin rally being sustained throughout the next two years. $BTC Bull Market Cycles As you look at the historical cycle
  
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• eToro Custodial Service Sees 13% Surge in Bitcoin Holdings in Two Weeks

  01-06-2019 13:00 via newsbtc.com
  The amount of bitcoin deposited with UK-based asset brokerage company eToro is rising dramatically.
  The firm’s chief market analyst, Mati Greenspan, said on Wednesday that they witnessed a 13 percent surge in bitcoin holdings at their proprietary custodianship. The deposits jumped particularly between May 4 and May 18, the period which saw bitcoin price appreciating more than 50 percent against the US dollar.
  “eToro clients, indeed, participated in the recent Bitcoin surge,” st
  
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• Cryptocurrency firms renew push to break free from SEC rules - Ars Technica

  01-06-2019 12:50 via arstechnica.com
  Cryptocurrency firms renew push to break free from SEC rules  Ars TechnicaMany cryptocurrency startups and investors are unhappy with the Securities and Exchange Commission's uncertain approach to the sector, saying the agency is ...
  
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• Crypto Boss Blows $100,000 in Ethereum on Official ‘Virtual’ F1 Race Car

  01-06-2019 12:11
  By CCN: As part of the new F1 Delta Time game, which is an officially recognized blockchain collectible game from Formula 1 racing, some recently bought a car for $100,000. The virtual vehicle is powered to the max and will, therefore, provide a significant advantage in the game. Single Car Token: Over $100,000 Bidding takes place in Wrapped Ether. The most recent sale ended for 415.9 Ether – nearly $110,000 at current prices. The car sold is a one-of-a-kind. The auction lays to rest any n
  
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• Bitcoin SV Was the Best Performing Crypto in May – And it Wasn’t Close

  01-06-2019 12:00
  The cryptocurrency markets saw rapid growth in May, with quite a few tokens – including bitcoin SV – outshining bitcoin.
  
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• Who Has the Power, Retail or Institutional Investors?

  01-06-2019 11:00
  The institutional and retail crypto markets are much more intertwined than we realize, argues Noelle Acheson, and each needs the other to hit scale.
  
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• S&P 500 Stock Market Bear Mark Yusko Forecasts Massive 2019 Downturn

  01-06-2019 10:06
  By CCN: Morgan Creek Capital CEO Mark Yusko doesn’t think we’re headed for a bear market. He says we’ve been in a bear market since last September. Furthermore, Yusko forecasts the stock market will be down double digits for 2019 by year’s end. Really enjoyed this session w/ #TheJudge @ScottWapnerCNBC and the Investment Committee on @HalftimeReport today. Nothing like some spirited dialogue & debate about markets to end the week Morgan Creek Capital CEO maintains $SPX
  
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• S&P 500 Stock Market Bear Mark Yusko Forecasts Double-Digit Downturn

  01-06-2019 10:06
  By CCN: Morgan Creek Capital CEO Mark Yusko doesn’t think we’re headed for a bear market. He says we’ve been in a bear market since last September. Furthermore, Yusko forecasts the stock market will be down double digits for 2019 by year’s end. Really enjoyed this session w/ #TheJudge @ScottWapnerCNBC and the Investment Committee on @HalftimeReport today. Nothing like some spirited dialogue & debate about markets to end the week Morgan Creek Capital CEO maintains $SPX
  
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• Bitcoin (BTC) Reclaiming $8,700 Sets Stage For Instrumental Push to $9,000

  01-06-2019 09:42 via newsbtc.com
  For the time being, Bitcoin (BTC) has stabilized, finding itself trading in no man’s land around $8,500 over the past day. If the cryptocurrency begins to make a move on $8,700, however, analysts are sure that things will start to heat up once again, giving BTC the momentum to push higher in yet another massive leg to the upside.
  Related Reading: Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys
  Bitcoin Needs To Reclaim $8,700
  Just days ago, we saw Bitcoin experience a
  
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• Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

  01-06-2019 09:25 via cointelegraph.com
  U.S.-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges
  
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• Binance: Cryptocurrency exchange's DEX will not be made available in over 20 countries including US - AMBCrypto News

  01-06-2019 09:15 via ambcrypto.com
  Binance: Cryptocurrency exchange's DEX will not be made available in over 20 countries including US  AMBCrypto NewsBinance, by far the largest cryptocurrency exchange in the world according to real volume and community stature, is riding high with several developments, including their Decentralized Exchange [DEX]. However, the DEX might not make it to the United States along with over 20 countries. According to a steemit post by a kingscrown, several countries are “getting banned
  
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• What business leaders need to know about cryptocurrency audits - San Francisco Business Times - San Francisco Business Times

  01-06-2019 09:00 via bizjournals.com
  What business leaders need to know about cryptocurrency audits - San Francisco Business Times  San Francisco Business TimesWhat is mining? An online search will reveal the traditional definition of mineral excavations, but subsequent results will point to bitcoin mining or cryptocurrency ...
  
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• HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions? - AMBCrypto News

  01-06-2019 07:50 via ambcrypto.com
  HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions?  AMBCrypto NewsBanks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions. Hong Kong and Shanghai Banking Corporation [HSBC], the
  
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• Bitcoin (BTC) Price Recovers Sharply: Can Bulls Overcome Hurdles?

  01-06-2019 06:08 via newsbtc.com
  Bitcoin price declined heavily and tested the $8,000 support area against the US Dollar.
  The price recovered nicely and traded above the $8,300 and $8,450 resistance levels.
  There is a rising channel forming with support near $8,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair is facing a solid resistance near the $8,600 area and the 100 hourly simple moving average.Bitcoin price is currently recovering above $8,450 against the US Dollar. BTC needs to surpass the $8
  
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• Google Faces Likely Antitrust Probe by the US Dept of Justice: Report

  01-06-2019 05:30
  By CCN: Google parent company Alphabet is on the hot seat with the U.S. Department of Justice. The Wall Street Journal reported Friday that the DOJ is preparing an antitrust investigation into the internet search giant. It’s not the first time Google has been investigated for violating U.S. federal antitrust statutes. It is, however, the first time the DOJ has opened such an inquiry. Google and EU Antitrust Laws In 2016, the EU slapped Google down with a severe $5.1 billion antitrust
  
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• Vinny Lingham Says Bitcoin May Blow Through $10K, Test $12K Soon

  01-06-2019 04:30
  By CCN: The bitcoin price is trading higher headed into the weekend and is currently hovering at $8,572, up 2.7%. After the recent spike beyond $9,000 and dramatic fall back to Earth, the market clearly is doing its best to go higher. Just ask Vinny Lingham, who is at the helm of blockchain-fueled ID startup Civic and a general partner at Multicoin Capital. Lingham, who has only recently turned bullish on the bitcoin price, tweeted: “This BTC action looks aggressive. Makes me think th
  
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• Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption - Cointelegraph

  01-06-2019 03:21 via cointelegraph.com
  Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption  CointelegraphThe CEO of NZIA Ltd, the firm developing the Bahamas’ central bank digital currency, said that startups will be key to its adoption The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31. Project Sand Dollar is an initiative to tokenize the Central Bank of
  
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• Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

  01-06-2019 03:21 via cointelegraph.com
  The CEO of the firm developing the Bahamas’ central bank digital currency said that startups will be key to its adoption
  
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• Billionaires Are ‘Scouring the Market’ to Own 25% of Bitcoin in Circulation

  01-06-2019 03:15
  By CCN: The appetite among billionaires for bitcoin is huge as ever, according to Eleesa Dadian, an art dealer and head of a secretive network for billionaire investors called the Dadiani Syndicate, in Forbes. The company has reportedly been instructed to purchase a jaw-dropping 25% of all available bitcoin in the market. Too bad that isn’t likely to happen. An office in Mayfair, west London – this is home to The Dadiani Syndicate, the brainchild of art dealer Eleese Dadiani. Her gal
  
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• Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys

  01-06-2019 03:01 via newsbtc.com
  The Chief Information Security Officer at Coinbase, Philip Martin, has revealed that the firm has enabled its Coinbase and Coinbase Pro accounts to support securing Bitcoin and other crypto assets using U2F Security Keys – a safer, and somewhat ironclad alternative to SMS-based two-factor protection of accounts.
  With SIM-based hacks picking up in pace and severity, and with crypto being so attractive to cyber criminals due to the pseudo-anonymity and general unfamiliarity associated with i
  
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• Crypto Markets Show Signs of Recovery, While Oil Prices Slump

  01-06-2019 02:45 via cointelegraph.com
  Digital currencies have shown gains on the day following yesterday’s correction
  
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• G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

  01-06-2019 02:00 via cointelegraph.com
  The FSB urges regulators to stay on top of risk management policies for the rapidly-changing cryptocurrency space
  
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• Ethereum: Despite Recent Bearishness, ETH Still Has Incredibly Strong Fundamentals

  01-06-2019 02:00 via newsbtc.com
  The aggregated crypto markets have been incurring significant amounts of downwards pressure over the past couple of days as a result of Bitcoin’s inability to climb past $9,000. This has led Ethereum to face considerable selling pressure that has led its price to drop significantly from its recent highs.
  Despite this latest drop, it is important to note that recent data suggests that ETH is incurring significant fundamental strength, which may ultimately allow it to surge higher.
  Ethereum
  
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• Craig Wright Says Bitcoin Is Going to Zero, Vows to Find Fake Satoshis

  01-06-2019 01:40
  By CCN: Australian entrepreneur Craig Wright, the self-proclaimed inventor of bitcoin, has anointed himself the new sheriff of Crypto Town. And his first task is to hunt down “fake” Satoshis to prove once and for all that he’s the real deal. Moreover, Wright — who claims Bitcoin SV (Satoshi Vision) is the one, true bitcoin — predicts that BTC will eventually crash to zero. And its proponents will soon choke on the bitter fruit of regret. Wright: I Can Prove I’
  
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• Stock Market Reels as Trump Doubles Down on Mexico Threats

  01-06-2019 01:15
  By CCN: The stock market is continuing to plunge. That’s because of the U.S.’ whipsaw approach to trade negotiations. Just yesterday, Vice President Pence visited Canada to promote the new USMCA trade deal which is set to replace NAFTA. He assured folks that Congress would vote for its approval this summer. It seems he forgot to check in with his boss, though. Trump launched a bombshell on the stock market later that evening. On Twitter, he declared that the U.S. will slap Mexico wit
  
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• Venture Investor: Use of Bitcoin as Hedge Against Uncertainty Will Send it to 7 Figures

  01-06-2019 01:00 via newsbtc.com
  Entrepreneur, investor, and author James Altucher is one of a growing number of individuals who believe Bitcoin will astound the planet with its price in the relative short-term. Appearing on Kitco News earlier, he stated that a $1 million dollar Bitcoin was indeed possible by 2020.
  Altucher bases his speculations on the rising levels of geopolitical instability around the world today, as well as increases in general Bitcoin acceptance from the likes of Whole Foods and others.
  Could BTC Be On Tr
  
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