Cryptocurrency news

• If Bitcoin Hits This Key Level, It’s Going to Make a Run for $40K: Tom Lee

  08-06-2019 23:30
  By CCN Markets: The bitcoin price might have slipped below $8,000 for now, but it could be headed much higher in the near future. Fundstrat Global Advisors Co-Founder Thomas Lee is willing to put it on the line for bitcoin once again, making an aggressive short-term prediction on where the cryptocurrency could be trading if it can capture enough momentum. In an interview with Binance CFO Wei Zhou, Lee laid out his bullish case. Lee and Zhou agree that once bitcoin regains the $10,000 level, it w
  
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• Analyst: Litecoin Likely to Double in Coming Months, Here’s What May Cause This Surge

  08-06-2019 23:30 via newsbtc.com
  The aggregated crypto markets have been facing some levels of instability as of late, primarily due to Bitcoin’s inability to find any significant stability above $8,000. Despite this instability, Litecoin (LTC) has been on the up-and-up and is only trading down slightly from its monthly highs.
  Now, one analyst believes that Litecoin’s price may soon double before it incurs significant selling pressure that sends it reeling lower, and the cryptocurrency’s upcoming “halven
  
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• If Bitcoin Ban Bill in India Passes, Privacy Crypto Assets Could Boom: Binance CEO

  08-06-2019 23:00 via newsbtc.com
  Yesterday, the Bitcoin (BTC) and crypto asset community woke up to a harrowing tidbit of news from Bloomberg Quint. An article, which cited a “draft bill”, revealed that regulators in India, from multiple financial and judiciary agencies, revealed that those who involve themselves in the “sale, purchase and issuance of all types” of crypto assets, including Bitcoin, could lead to a ten-year jail sentence and/or fine.
  At the same time, the Reserve Bank of India and its par
  
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• If Bitcoin Fails to Close Above $8,000, BTC May Plummet Lower During Week Ahead

  08-06-2019 21:30 via newsbtc.com
  Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of sideways trading over the past couple of days, oscillating between the mid-$7,500 region and the lower-$8,000 region for the past several days.
  Although the sideways price action could simply be a pattern of consolidation that ultimately leads to an extension of upwards momentum, one analyst is now noting that a failure to close above $8,000 today could lead to a continuation of its downwards momentum for the week ahead.
  
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• Elon Musk Once Believed Tesla Would Fail. He Was Almost Right

  08-06-2019 21:30
  By CCN: There are two ways to catch a con man like Tesla’s Elon Musk: look at his previous statements and look at his current statements. The obvious lies are the current ones. The juicier and more damning ones are things said or thought years ago that come to light. Elon Musk Admits He Once Expected Tesla to Fail Elon Musk told an unofficial Tesla podcast: “I was actually always fairly pessimistic about the outcome of Tesla, all the way from the beginning…I thought,
  
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• Bitcoin Price Dips Back Under $8K as Top Cryptos See Moderate Losses

  08-06-2019 21:01 via cointelegraph.com
  Bitcoin falls under the $7,900 mark as most of the top 20 cryptocurrencies are reporting moderate losses on the day
  
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• Crypto Tidbits: SEC Still Wary of Bitcoin ETF, Facebook Crypto Inbound, Binance to Launch Stablecoin

  08-06-2019 20:00 via newsbtc.com
  Another week, another round of Crypto Tidbits. While price action wasn’t all too hot, with Bitcoin losing its strides above $8,000 to tap $7,450, the underlying industry still saw a flurry of developments. Some positive, some negative.
  On the positive, Apple quietly added a Bitcoin symbol to its developer kit repertoire; Facebook is nearing the launch of its digital asset, slated to be a massive on-ramp to true cryptocurrencies; and a report revealed that much of the crypto asset mining in
  
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• Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

  08-06-2019 19:56 via cointelegraph.com
  Because of serious centralization concerns, U.S. financial research firm Weiss Ratings has downgraded its rating of top cryptocurrency EOS
  
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• How John McAfee Crushed Craig Wright at His Own Game

  08-06-2019 19:50
    By CCN: John McAfee fired back at self-proclaimed Satoshi Nakamoto Craig Wright, claiming the Bitcoin “pretender” will soon be unmasked. McAfee, who still intends to run for the U.S presidential office, rebuffed Wright’s earlier accusations of being a scam artist. The veteran programmer cast doubt on Craig Wright’s ability to effectively judge him and even made his own claims of being not Satoshi Nakamoto – but Craig Wright. McAfee: Only I Can Judge Me Writin
  
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• Crypto Analytics Firm Coin Metrics Acquires Bletchley Indexes

  08-06-2019 19:39 via cointelegraph.com
  Crypto analysis firm Coin Metrics has acquired an index firm and plans to launch cryptocurrency smart beta indexes
  
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• Bitcoin and RBI: Is It A Case Of Murphy’s Law For BTC Supporters?

  08-06-2019 19:00 via newsbtc.com
  Bitcoin drop 7.4 percent
  Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers.Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. Such punitive steps often trigger rebellion in a Streisand effect, popularizing Bitcoin and cryptocurrencies. All in all, BTC is down 7.4 percent from last week’s close.
  Bitc
  
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• Life of Luxury: Fashion Turns to Blockchain

  08-06-2019 18:47 via cointelegraph.com
  “They know blockchain and distributed ledger technology is coming, whether the industry likes it or not.” Could blockchain disrupt the luxury goods supply chain?
  
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• XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

  08-06-2019 18:00 via newsbtc.com
  XRP falls 7.5 percent week-to-date
  Ripple game plan demands stable pricesBehind Ripple is a drive to change the status quo. Their goal is to dislodge SWIFT and improve livelihoods through cheaper transactions with XRP as a tool. Therefore, it means XRP must be affordable, pouring cold water on the $579 talk. At the time of writing, XRP is down 4.5 percent.Ripple Price Analysis
  Fundamentals
  It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bit
  
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• Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds With It - CoinDesk

  08-06-2019 18:00
  Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds With It  CoinDeskA polish cryptocurrency exchanged called Coinroom shut down on April 2, 2019, taking multiple customer accounts worth up to $15,000. The site is currently ...
  
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• Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds With It

  08-06-2019 18:00
  "On the blockchain nothing disappears." Users left hunting for clues when Polish exchange abruptly shuts down.
  
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• IEOs Raise Half a Billion, Keep Fundraising Alive for Blockchain Startups

  08-06-2019 18:00
  By CCN: There’s a new fundraising sheriff in town in the maturing cryptocurrency space. While initial coin offerings (ICOs) were all the rage during the last bitcoin bull run, initial exchange offerings, or IEOs, have muscled them out of the way. If it weren’t IEOs, the market would have likely found another mechanism, but these appear to be the deal of choice for now. Funds that previously flowed to ICOs in 2017 are now being redirected into wiser IEOs, as evidenced by the rising tr
  
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• MXC Launched 100x Plan, Many Well-Known Institutions Join the Eco-System as SuperNode!

  08-06-2019 17:52
  Recently, MXC Exchange, based on market insight and with the expansion of globalization and asset trading business, has launched the SuperNode Program, which will work with well-known institutions in the industry to find 100x projects to promote the development of the blockchain eco-system. MXC recently released a list of the first batch of super-node institutions planned for 100x projects. Till now, FBG Capital, GENESIS GROUP, JRR Crypto, Nodecap, LD Capital, LINKVC, Mars Finance, Consensus Lab
  
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• First Big European Football Club Takes Cryptocurrency - Forkast News

  08-06-2019 17:24
  First Big European Football Club Takes Cryptocurrency  Forkast NewsLISBON — Portuguese champions Benfica are the first major European football team to accept cryptocurrency. Fans can now use crypto to purchase tickets and ...
  
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• Trump’s Mexico Deal Supercharges Spectacular Dow Recovery

  08-06-2019 16:55
  By CCN: On Friday, the Dow Jones surged by 1.02 percent, nearing 26,000 points after gaining more than 1,000 points within five days, demonstrating the current momentum of the U.S. stock market. The short-term recovery of the Dow Jones is said to have been triggered by two major catalysts: the increasing likelihood of the Federal Reserve dropping the benchmark interest rate by the 3rd quarter of 2019 and the announcement of a trade deal with Mexico by the U.S. Why the mexico trade deal is import
  
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• I Started the Silk Road Wikipedia Page (Because Bitcoin)

  08-06-2019 16:00
  Online black marketplace Silk Road had quite the effect on bitcoin, being one of the technology's biggest use cases in the early days, and for a while it didn't have its own Wikipedia page – until this man.
  
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• Dutch Billionaire Yet Another Victim of Deceptive Crypto Ads, Sues Facebook

  08-06-2019 15:30 via cointelegraph.com
  Learn everything you need to know about the John De Mol vs. Facebook case — the Dutch billionaire suing the social media over deceptive crypto ads, a problem they have been struggling to solve
  
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• Cryptocurrency Company Hacks Itself Before Hackers Can Hack It - WIRED

  08-06-2019 15:00
  Cryptocurrency Company Hacks Itself Before Hackers Can Hack It  WIREDMicrosoft deletes its facial recognition database, hackers hit health care, and more of the week's top security news.
  
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• Bitcoin Trading Secrets: How to Wheel & Deal Like a Crypto Whale

  08-06-2019 15:00
  By CCN: The crypto newswire went berserk after a research firm published a blockbuster report revealing deep-pocketed “whales” had jumped into the BTC market at the end of 2018 to take advantage of the bitcoin price dump. At that time, bitcoin had fallen 85 percent from its high. The whales knew precisely what they were doing. They are the smart money, and you don’t want to be the dumb money. So how can you trade bitcoin like a whale? There are two secrets. Secret #1: Use
  
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• Binance CEO: India’s Insane Anti-Crypto Bill Will Pump Monero and ZCash

  08-06-2019 14:59
  By CCN: The CEO of Binance cryptocurrency exchange, Changpeng Zhao, has predicted that India’s proposed anti-crypto bill will spur the adoption of privacy coins such as Monero and ZCash in the country. Zhao, who runs one of the world’s largest cryptocurrency exchanges by trading volumes, hinted that such a development would be highly significant monumental noting that around 20 percent of the global population resides in India. As earlier reported, the draft anti-crypto bill proposes
  
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• Cannabis Needs Crypto to Usher its Gray Market Into The 21st Century

  08-06-2019 13:33
  By CCN: People have long anticipated the legalization of marijuana, long before ‘crypto’ became a buzzword. Over 25 states currently have some form of legalization, with several already moving onto full recreational legalization. A similar process played out during the end of alcohol prohibition in the United States. States, one by one, made alcohol legal again. Eventually, a constitutional amendment was recirculated, but by the time it passed, most residents had some legal access to
  
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• Bitpanda Goes Global: Announcing the Bitpanda Global Exchange and the IEO for the Ecosystem Token Best

  08-06-2019 12:03
  Vienna, 5th of June 2019 – Vienna-based fintech Bitpanda will launch the Bitpanda Global Exchange, a global cryptocurrency exchange for experienced traders, professionals, and institutions. The Bitpanda platform will also get its own ecosystem token through an Initial Exchange Offering (IEO).  BEST (Bitpanda Ecosystem Token) will offer a range of benefits and incentives to nearly 1 million Bitpanda users. The Bitpanda Global Exchange allows global crypto-to-crypto and fiat-to-crypto t
  
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• Cryptocurrency This Week: Tron Founder Wins Lunch With Buffett For $4.6 Mn, India May Ban Crypto And More - Inc42 Media

  08-06-2019 11:35
  Cryptocurrency This Week: Tron Founder Wins Lunch With Buffett For $4.6 Mn, India May Ban Crypto And More  Inc42 MediaIs India going to ban cryptocurrencies? Is stablecoin and not Bitcoin going to be the primary cryptocurrency in near future? Read more.
  
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• All-White South African Protest Community Launches Cryptocurrency - CCN

  08-06-2019 11:30
  All-White South African Protest Community Launches Cryptocurrency  CCNThe town of Orania, South Africa, has only ever allowed white people to live within its walls. The 9000-strong town is launching its own cryptocurrency.
  
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• How Blockchain Voting Is Supposed to Work (But In Practice Rarely Does)

  08-06-2019 11:10
  There are a number of blockchain projects affirming they have a system of on-chain governance that works. But is that true?
  
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• Cryptocurrency market update: Bitcoin and major altcoins lulled in tight ranges - FXStreet

  08-06-2019 10:58
  Cryptocurrency market update: Bitcoin and major altcoins lulled in tight ranges  FXStreetBitcoin and all major altcoins are dozing quietly in tight ranges on Saturday. The current market capitalization of all digital assets in circulation.
  
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• What a bit! Infamous Apple and their New Release of $999 Monitor Stand

  08-06-2019 10:37
    Let’s talk about the infamous Apple and their new release of the $999 monitor stand for the brand new Mac. Want the new Apple monitor for 4,999? Oh but you’re going to need something to hold up that beautiful new Pro Display XDR. How about a stand for $999? Steve Jobs is rolling in his grave and not out of disappointment but excitement. Finally, Apple is learning how to screw its customer in every way possible.
  The post What a bit! Infamous Apple and their New Release of $999
  
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• All-White South African Protest Community Launches Cryptocurrency

  08-06-2019 10:30
  By CCN: The town of Orania, South Africa, claims it’s not racist, but it’s only ever allowed white people to live within its walls. Wholly owned by a single community corporation, the city was established after Apartheid ended and has always had its own currency. Now the town of about 9000 people is moving to cryptocurrency. The e-Ora The Ora is the community’s native currency. It amounts to a stablecoin with the South African rand as a peg, but now a digital equivalent emerges
  
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• Is Demand from Crypto-Ban China Driving the Bitcoin Price Rally?

  08-06-2019 08:16
  By CCN: There’s a reasonable possibility that demand for Bitcoin is being driven from China, according to CryptoSlate’s Ali Martinez. Officially speaking, China doesn’t have crypto trading anymore. The country’s court system later found that a ban on crypto exchanges and ICOs didn’t extend to banning people from possessing digital assets. As a result, just as there remains a demand for anything else in China, there’s a significant demand from the country of 1
  
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• Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8%

  08-06-2019 08:01 via newsbtc.com
  BNB up 1.8 percent
  Changpeng Zhao and the team to launch a StablecoinAmbitious, Binance wants to conquer the crypto world. There is a Launch Pad for crowdfunding, is active and now plans of launching a Stablecoin are in progress. While at it, BNB is rebuffing sellers, adding 1.8 percent in 24 hours.
  Binance Coin Price Analysis
  Fundamentals
  Vitalik Buterin is concerned. It’s not about Ethereum or what regulators think of ICOs. The muzzle is on Binance and their role in the crypto ecosystem
  
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• Facebook May Launch Its New Cryptocurrency Sooner Than You Think - Yahoo Finance

  08-06-2019 05:14
  Facebook May Launch Its New Cryptocurrency Sooner Than You Think  Yahoo FinanceFacebook (NASDAQ: FB) will unveil its new cryptocurrency later this month, according to The Information. The digital token is reportedly designed to serve as a ...
  
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• What (not) to do when your cryptocurrency is stolen? - Cryptopolitan

  08-06-2019 05:00
  What (not) to do when your cryptocurrency is stolen?  CryptopolitanThe security of cryptocurrency is a point of consideration as people widely criticize the digital currency for this factor. The customers leave some bad re.
  
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• Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

  08-06-2019 04:10
  By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want Walmart Employees in Your Home? Walmart is going to launch refrigerator deliveries in Kansas Ci
  
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• Uber’s Executive Shakeup Is Just What This Flagging Company Needed

  08-06-2019 03:15
  By CCN: Uber has suffered a defection from the C-Suite, and the timing couldn’t be better. It’s no secret that the ride-sharing company that has been struggling with its own identity has had a rocky road since its IPO. The stock only recently recaptured the IPO price (thanks to bullish Wall Street analysts propping up the price), and there is a great deal of uncertainty surrounding the company’s future. When it was revealed that not one but two Uber executives would be departin
  
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• Venture Capitalist: India’s Ban on Bitcoin Will Only Increase Interest in the Country

  08-06-2019 03:02 via newsbtc.com
  This week, a report claims that certain government departments across the country are supporting an outright ban on the “sale, purchase and issuance of all types” or crypto including Bitcoin, and could lead to a jail sentence for up to 10-years in prison for using the digital asset class as its intended.
  And while the Reserve Bank of India – the country’s central reserve bank, has denied the claims of any draft bill that would see cryptocurrencies banned, given the countr
  
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• Bull Market Imminent? Why Investors are Stacking Ethereum, XRP, and Litecoin

  08-06-2019 02:01 via newsbtc.com
  With Bitcoin back into the public eye and mainstream media spotlight, and its price back into the green, speculation that a bull market is starting has begun to spread across the crypto market. The bullish sentiment has also spilled into Bitcoin’s crypto brethren – such as Ethereum, Ripple, Litecoin, and more – and a full-blown altcoin season is expected by most crypto traders.
  The price of Ethereum has climbed by 5 percent in the past 24 hours following the impressive rally of
  
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• Bitcoin’s Popularity Beats Trump, Tesla, & Kim Kardashian on Google

  08-06-2019 01:40
  By CCN: Bitcoin might be uncorrelated to the stock market, but searches for the top cryptocurrency are highly correlated with that of Kim Kardashian. ConsenSys points out the similarities in a recent blog post in which it compares the popularity of the biggest cryptocurrency with pop culture, politics, and corporate America. Bitcoin’s impressive bull run in 2019 has put it back on the radar of people inside and outside of crypto. Its popularity knows no bounds. Bitcoin has become more popu
  
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• Vast Majority of DApps for Finance Built on Ethereum Blockchain

  08-06-2019 01:37 via cointelegraph.com
  Ethereum developers are dominating the finance DApp space according to a recent Binance study
  
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• The Bitcoin Network is More Secure and Greener Than Ever

  08-06-2019 01:00 via newsbtc.com
  A report into Bitcoin mining has determined that Bitcoin is not the environmental disaster it is often painted as in the media. It turns out that the sophisticated computer units securing the network are mostly being powered by clean, renewable energy.
  The revelation comes at the same time that Bitcoin hash rate is close to its all-time high. This means that the network itself is also close to the most secure it has ever been.
  Bitcoin Miners Favour Green Energy: Take That, Environmentalists!
  It
  
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• French Vineyard “P. Ferraud & Fils” Shares Details of its Blockchain implementation

  08-06-2019 01:00 via crypto-news.net
  In the world of blockchain there are many things happening at once. It is difficult to keep track of everything, and notable examples of successful implementations often go unseen and unheard. This was not the case with P. Ferraud & Fils, a French wine producer which uses blockchain technology for all exports to China. The purpose of the blockchain system is to prevent fraudulent products being sold in the country. French wine is exquisite and exotic, therefore it carries a significantly hig
  
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• Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty

  08-06-2019 00:20
  By CCN: Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call. As CCN reported, Ignatov — a Bulgarian national — was charged with wire fraud, securities fraud, and money laundering related to the sham cryptocurrency, OneCoin. The U.S. Department of Justice indicted Ignatov for scamming investo
  
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• Bitcoin Trading Volume on Coinbase Hits Year High

  08-06-2019 00:18 via cointelegraph.com
  Coinbase trading volume for bitcoin has exceeded 260 thousand for the first time since last February, following recent peak of 259 thousand in November
  
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• Stolen Bitfinex BTC Is on the Move

  08-06-2019 00:00
  Untouched since 2016, $1.37 million of stolen bitcoin changed wallets Friday.
  
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• Bitcoin Returns 144,912% in 7 Years, Investors Always Wish They Bought More

  08-06-2019 00:00 via newsbtc.com
  Think back to the peak of they 2017 hype bubble and recall the dismay of investors who either missed out on buying Bitcoin cheaper, or regretted not buying more of the then skyrocketing crypto asset.
  Then the bubble burst, the price of Bitcoin crashed well over 80%, giving crypto investors the chance they had hoped for in buying more at low prices. Now that Bitcoin is back trading above the important level of $6,000, those that missed the bottom will regret not buying back in December or at
  
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