Cryptocurrency news

• Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place

  02-07-2019 23:55 via cointelegraph.com
  33 advocacy groups have signed a letter looking to halt development of Libra until Congress and regulators have addressed a number of questions on the project
  
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• Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings

  02-07-2019 23:55 via cointelegraph.com
  33 advocacy groups have signed a letter looking to halt development of Libra until Congress and regulators have addressed a number of questions on the project
  
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• Florida Man Fired After Lake City Suffers Massive Ransomware Attack

  02-07-2019 23:50
  A city in Florida paid out around $460,000 in a bitcoin ransom scheme, about a week after another Florida city paid around $600,000. Lake City’s IT Director Brian Hawkins has been fired as a result of the breach, which shut down the city’s critical digital infrastructure. As CCN previously reported, ransomware is on the rise. Baltimore, […]
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• US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra

  02-07-2019 23:30
  A group of privacy and consumer watchdogs is asking the U.S. Congress to halt Facebook's Libra project.
  
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• Samsung, Dutch Bank, Rotterdam Port Send Blockchain-Tracked Shipment

  02-07-2019 23:25 via cointelegraph.com
  As a proof-of-concept, a shipping container has completed its transcontinental, blockchain-automated shipment from South Korea to the Netherlands
  
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• First Successful Blockchain-tracked Shipment from South Korea to the Netherlands

  02-07-2019 23:25 via cointelegraph.com
  As a proof-of-concept, a shipping container has completed its transcontinental, blockchain-automated shipment from South Korea to the Netherlands
  
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• US Consumer Groups Urge Regulators to Stop Facebook’s Delve in the Crypto Space

  02-07-2019 23:00 via newsbtc.com
  A long list of US consumer advocacy groups have called upon many of the nation’s regulators to put the brakes on Facebook’s foray into the crypto asset space. The broad coalition of concerned parties sent a joint letter to various agencies earlier today.
  The groups state that the potential risk to consumers using Libra is far too great. As such, they say efforts must cease until the company answers a long list of questions.
  Yet More Organisations Want Answers Regarding Facebook&rsquo
  
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• Don’t Panic, But This Chart May Foretell a Recession

  02-07-2019 22:45
  St. Louis Federal Reserve economist William Emmons has found a data point that supports the case for a Fed rate cut amidst a possible recession down the line. According to the economist in a report: “Data on single-family home sales through May 2019 confirm that housing markets in all regions of the country are weakening. […]
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• UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’

  02-07-2019 22:30
  The startup mantra just won't cut it with U.K. regulators.
  
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• Trump’s Visit to North Korea and his booming friendship with Kim Jong-un

  02-07-2019 22:22
  The world stood still when Trump arrived at the Korean Demilitarized Zone by stepping across on to North Korean soil to meet with his BFF Kim Jung-un, Check out the video to see Will’s analysis on Trump’s visit to North Korea. Make sure to subscribe CCNMarkets on Youtube: https://bit.ly/2Kvn6xn
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• John McAfee Rips Facebook’s Libra as ‘Grotesque Distortion’ of Crypto

  02-07-2019 22:15
  In his relentless crusade to get the altcoin markets roaring, John McAfee is once again backing privacy coins on Twitter. McAfee’s bullish argument centers around his hatred for Facebook’s Libra coin, which he believes is the antithesis of his love of privacy and personal freedom.  Libra is a grotesque distortion of the original intent of […]
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• Survey: Facebook’s Stablecoin Libra Unlikely to Become Mainstream

  02-07-2019 22:01 via cointelegraph.com
  Per Jefferies’ recent survey, Facebook’s users are unlikely to purchase Libra
  
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• Poll Shows Crypto Sentiment Overly Bearish, Contrarian Bitcoin Price Move Incoming

  02-07-2019 22:00 via newsbtc.com
  After a strong rejection at $14,000, Bitcoin’s parabolic rally is in jeopardy of being erased, especially the most recent move between $10,000 and $14,000 before flash crash occurred that knocked out a number of crypto exchanges and took down Bitcoin price by $2,000 in mere minutes.
  Following such a powerful rally from lows around $3,000 to the local high of $14,000, a substantial correction is expected by most. However, when the crypto market is overly bearish, Bitcoin price often moves i
  
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• BitFlyer to Resume Opening New Accounts After One Year Voluntary Suspension

  02-07-2019 22:00
  BitFlyer suspended its exchange service after an inquiry from Japan's Financial Services Agency.
  
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• BitMEX CEO Rips Bitcoin ‘Hater’ Roubini, Praises Facebook’s Libra

  02-07-2019 21:35
  Bitcoin archnemesis Nouriel Roubini is a “no-coiner hater” who’s upset that he didn’t buy crypto sooner. That’s the opinion of Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX), the world’s largest bitcoin derivatives trading platform. Arthur Hayes: Roubini Is a Toxic ‘No-Coiner’ Hayes told Bloomberg that Roubini is a disgruntled killjoy who repeats […]
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• Nestle Announces New Blockchain Initiative Separate From Ongoing IBM Project

  02-07-2019 21:30
  The largest food company by revenue has doubled down on blockchain pilots.
  
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• ZenGo Demonstrates Proof-Of-Concept of a Keyless Wallet for Facebook’s Libra

  02-07-2019 21:21 via cointelegraph.com
  ZenGo publishes its open source project, which purports to provide proof-of-concept that its keyless wallet product can support Facebook’s Libra
  
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• Dow Posts Surprising Rally as U.S. Treasury Yields Resume Plunge

  02-07-2019 21:13
  The Dow and broader U.S. stock market pulled ahead on Tuesday, even as fears of an economic downturn pushed investors into in the safety of government bonds, sending U.S. Treasury yields to their lowest level since 2016. Dow Rallies; S&P 500 Posts New Record Wall Street’s major indexes struggled to trade in a clear direction […]
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• Abkhazia to Build Large Crypto Mining Farm, President Says

  02-07-2019 20:50 via cointelegraph.com
  The President of the partially-recognized Republic of Abkhazia said that the country will build a large crypto mining farm
  
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• Ethereum Leaders Are Slowly Courting Persian Gulf Royals and Investors

  02-07-2019 20:45
  The Ethereum Foundation and ConsenSys are both working to bring blockchain technology to the Middle East.
  
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• Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors

  02-07-2019 20:45
  The Ethereum Foundation and ConsenSys are both working to bring blockchain technology to the Middle East.
  
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• Apple, Facebook and Netflix Poised to Take Out All-Time Highs

  02-07-2019 20:45
  With the trade war between the U.S. and China thawing, investor sentiment swung from jittery to optimistic very quickly. The trade truce pushed U.S. markets higher as the dreaded 25 percent tariff on Chinese goods was put on hold. The surprising decision provided investors some relief and gave equities a much-needed boost. As stocks regain […]
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• Some CDC Scientist Must REALLY Hate Bitcoin

  02-07-2019 20:37
  If you’ve typed the word “crypto” into Google’s omniscient search engine during the past several weeks of bitcoin market euphoria, there’s a good chance you’ve been greeted with a headline like this one: Pool Parasite ‘Crypto’ Is On The Rise And Making Swimmers Sick, CDC Warns And there’s an equally good chance that you did […]
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• Trump’s Stock Market Brag Does Nothing For Most Americans: Tim Ryan

  02-07-2019 20:00
  Presidential candidate Tim Ryan is not impressed with Trump’s ongoing stock market brag. In an interview with Yahoo Finance, the Democratic hopeful for 2020 slammed the sitting president for continuing to blow his own horn on social media. The leaders of virtually every country that I met at the G-20 congratulated me on our great […]
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• 21.5% Of Bitcoin Owners Are Hodlers Despite BTC Price Scares

  02-07-2019 20:00 via newsbtc.com
  Bitcoin (BTC) sinks 5.1 percent in the last day
  Holders are steadfast, 21.5 percent of all BTC in circulation static in the last half a decadeIn an independent research, Delphi Capital now reveals that holders are unmoved even by the recent Bull Run. Overly, it is a good sign that over 21.5 percent of all BTC in circulation are secure. It’s a sign of confidence, especially now that bulls are cooling off in a correction.
  Bitcoin Price Analysis
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  Coinciding with Yen, CHF and gold
  
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• Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Downturn

  02-07-2019 19:50 via cointelegraph.com
  Bitcoin hovers over the $10,600 mark again as most of the top 20 cryptocurrencies are reporting moderate losses on the day
  
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• British Regulator FCA Prepares a Potential Ban of Crypto CFDs for Retail Investors

  02-07-2019 19:47 via cointelegraph.com
  British financial watchdog, the FCA, will soon publish a consultation paper on a potential ban of crypto CFDs for retail investors
  
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• Ripple Pledges $500 Million to ‘Create Real Use Cases for XRP’

  02-07-2019 19:44
  In under 12 months, according to Ethan Beard, an executive at Xpring, an initiative created to improve the Ripple ecosystem and create use cases around XRP, Ripple has committed more than $500 million. In the upcoming months, Beard stated that Xpring will invest in various open source protocols, developer projects, and large scale partnerships related […]
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• UK Regulators Approve First Cryptocurrency Hedge Fund - CoinDesk

  02-07-2019 19:30
  UK Regulators Approve First Cryptocurrency Hedge Fund  CoinDeskPrime Factor Capital was the first crypto hedge fund approved as a full-scope alternative investment fund manager by the Financial Conduct Authority, according ...
  
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• U.K. Regulators Approve First Cryptocurrency Hedge Fund

  02-07-2019 19:30
  The fund was founded in 2017 by former BlackRock and REW AG employees.
  
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• Ripple Alum to Spearhead Binance US Crypto Exchange

  02-07-2019 19:30
  After two years as head of XRP institutional liquidity at Ripple, Catherine Coley is moving to greener pastures. Coley was named CEO at BAM Trading Service at Binance U.S., according to her LinkedIn profile. Her experience with both one of the largest cryptocurrencies, XRP, and institutional investors should serve her well in this high-profile role in […]
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• Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

  02-07-2019 19:25 via cointelegraph.com
  The operator of Binance US hired former Ripple executive as new CEO to oversee the platform’s launch and further expansion
  
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• Facebook's Cryptocurrency Plan Drawing Criticism From Washington - Bloomberg

  02-07-2019 19:07
  Facebook's Cryptocurrency Plan Drawing Criticism From Washington  BloombergFacebook Inc.'s plan for its own digital currency is drawing yet another round of fire in Washington, this time in the form of a letter from more than 30 groups ...
  
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• Ethereum SubZero Freeze Announced As ETH Bears Press Lower

  02-07-2019 19:00 via newsbtc.com
  Ethereum (ETH) falls, down 7.5 percentSubZero freeze marks the end-of-June phase 0ETH prices are falling back as price action strives for balance. Following the SubZero freeze notifying the community of Phase 0 amends, the community is expectant of a price recovery. At spot rates, ETH is under pressure and could consequently slide to $230 in days ahead.
  Ethereum Price Analysis
  Fundamentals
  Good news for ETH holders and Ethereum as an ecosystem is that the network is ready to transition from pro
  
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• Crypto Exchange Bitfinex Repaid $100 Million to Stablecoin Operator Tether

  02-07-2019 18:36 via cointelegraph.com
  According to an announcement by Bitfinex, the exchange repaid $100 million of outstanding loan facility to stablecoin operator Tether
  
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• BTC 2019 Reveals Why Barcelona Is “The Blockchain City”

  02-07-2019 18:33
  Local experts will discuss the city's plans for growth in the spheres of blockchain and finance.
  
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• UK Financial Watchdog Grants License to London-Based Crypto Asset Firm

  02-07-2019 18:25 via cointelegraph.com
  London-based Prime Factor Capital has received FCA approval to operate as a cryptocurrency investment management firm
  
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• Roger Ver Compares Bitcoin Maximalists to Violent Left Extremists

  02-07-2019 18:11
  In a five-minute video blog this week, Roger Ver compared violent leftists to Bitcoin maximalists, concluding that they share tactics and ideology. Is It Okay to Punch a Bitcoin Cash Supporter? A group of “Antifa” or anti-fascist demonstrators recently beat up a journalist, which has reignited the conversation around “free speech.” Ver then discussed the […]
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• Bitcoin Could be Worth Zero or Make Big Return, Says BitMEX CEO

  02-07-2019 18:04 via newsbtc.com
  The price of bitcoin could fall to zero, according to Arthur Hayes of BitMEX cryptocurrency exchange.
  The co-founder & chief executive officer made one of his most bearish guesses for the world’s first and foremost cryptocurrency on the sidelines of the Asia Blockchain Summit in Taipei. Speaking to Bloomberg, Hayes clarified that bitcoin is a call option, which means it could be either worth zero or a lot of money in a decade from now. So, it is up to investors how they like to rate th
  
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• Why IBM’s Blockchain Isn’t a Real Blockchain

  02-07-2019 18:01 via cointelegraph.com
  IBM calls its Hyperledger Fabric technology a "blockchain" despite sacrificing the most important features of a true blockchain
  
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• US isn't ready for Facebook's Libra cryptocurrency, critics argue - CNET

  02-07-2019 17:53
  US isn't ready for Facebook's Libra cryptocurrency, critics argue  CNETLibra is expected to debut in the first half of 2020. Nasir Kachroo/NurPhoto via Getty Images. Facebook's recently unveiled Libra cryptocurrency is facing ...
  
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• Nike Axes Betsy Ross Trainers, Air Max 1 Prices Surge 2,000% on StockX

  02-07-2019 17:50
  After Nike’s shocking decision to scrap the Air Max 1 Quick Strike trainers which bore the “Betsy Ross” version of the U.S. flag, the shoes are now selling at a nearly 2,000 percent premium on StockX, the “stock market for things.” The move to cancel the sneakers was reportedly made after the sports brand received a complaint […]
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• Carnomic: Revolutionizing Auto Marketing with Blockchain

  02-07-2019 17:49
  SINGAPORE, JULY 2, 2019 – Every day, large companies, like Facebook, Twitter, and Instagram, make millions by selling your data. Carnomic is providing a new paradigm where that money can go straight to the user with Blockchain and cryptocurrency to incentivize the process. The app is in beta testing right now and will open to […]
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• Cryptocurrency exchanges including Coinbase suffer downtime as Cloudflare goes dark - The Next Web

  02-07-2019 17:17
  Cryptocurrency exchanges including Coinbase suffer downtime as Cloudflare goes dark  The Next WebMajor web host Cloudflare has suffered a technical mishap that sent multiple cryptocurrency services – including Coinbase – into unexpected downtime.
  
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• WAY2BIT Announcing the Soft Launch of the ‘BORA Island’ Digital Content and Wallet Platform

  02-07-2019 16:56
  On June 2nd, BORA (CEO Cindy Lee) announced the soft launch of their BORA Island service. BORA Island is a digital content blockchain platform available to everyone, along with wallet functions for managing and trading digital assets. With the soft launch of BORA Island, three games from their official partner UNIT5 – Push Sushi, Find […]
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• Bitfinex Repays Tether $100 Million of $700 Million Loan

  02-07-2019 16:50
  Bitfinex said it has paid back $100 million of the $700 million borrowed from stablecoin issuer Tether.
  
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• Consumer groups ask lawmakers to halt Facebook cryptocurrency project | TheHill - The Hill

  02-07-2019 16:43
  Consumer groups ask lawmakers to halt Facebook cryptocurrency project | TheHill  The HillDozens of consumer advocacy groups are asking lawmakers and regulators to put a halt to Facebook's plans to launch a cryptocurrency over concerns ranging ...
  
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• Dow Flinches as Walmart-Led Lobby Demands Probe of Amazon & Google

  02-07-2019 16:32
  The stock market’s trade war jubilee doesn’t look poised to carry over into a second day, as the Dow struggled to build on yesterday’s triple-digit gain. Rather, the index teetered sideways after a Walmart-backed retail coalition demanded that the Trump administration target Amazon and Google for anticompetitive practices. Dow Teeters in Wake of G-20 Euphoria […]
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• CloudFlare Outage Takes Down Coinbase, CoinMarketCap and Other Top Crypto Websites

  02-07-2019 16:28
  The outage hit multiple major exchanges and information sites.
  
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• Russia Won’t Ban Facebook’s Libra After All, Hints Full Crypto Regulation

  02-07-2019 16:17
  According to local reports, Russia will not go out of its way to ban Libra, a crypto asset created by the Libra Association, an international consortium started by Facebook. Alexei Moisseev, the deputy finance minister of Russia, told publications that a legislative framework for crypto assets will soon be formed and Libra is likely to […]
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