Cryptocurrency news

• Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

  27-11-2019 23:40 via cointelegraph.com
  
  Crypto markets turn green, with BTC’s price recovering above the $7,500 price mark
  
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• Upbit Is the Seventh Major Crypto Exchange Hack of 2019

  27-11-2019 23:02
  
  These seven major hacks remind us: not your keys, not your crypto.
  
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• Bitcoin Pioneers’ Account Won’t Disappear, Confirms Twitter

  27-11-2019 23:00 via newsbtc.com
  
  Twitter has just announced that it will proceed with less haste than originally planned with regards removing inactive accounts. Public backlash against the proposed account cull, stemming in part from the Bitcoin community, has forced the company to reconsider the policy.
  People largely objected to the sudden removal of important accounts of those now deceased. One of the most frequently referenced in need of preserving is that of the late Bitcoin pioneer Hal Finney.
  Historic Bitcoin Tweets Won
  
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• Bitcoin: All Eyes on Potential Inverse Head and Shoulders Pattern as Bulls Fight Back

  27-11-2019 22:00 via newsbtc.com
  
  Bitcoin’s position within the lower-$7,000 region has been ardently defended by the cryptocurrency’s bulls over the past several hours and days, with the crypto’s overnight drop into the upper-$6,000 region being met with significant buying pressure that allowed BTC to post a sharp bounce to highs of $7,400.
  It is important to note that this recent movement has further confirmed the notion that BTC is currently forming a bullish inverse head and shoulders pattern, but analysts
  
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• Another eWallet Adds Further Crypto Support, But Are Efforts Like Skrill’s Missing the Point?

  27-11-2019 21:00 via newsbtc.com
  
  One of the most popular online e-wallet services has just overhauled its cryptocurrency offering. From today, customers of Skrill will be able to exchange the various crypto assets the platform supports directly for Bitcoin.
  The expanded service is the latest example of a payments company offering some cryptocurrency functionality. However, modern financial services firms, such as Skrill, Square, and Robinhood, remain custodial services with limited functionality outside the realms of speculatio
  
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• A Product Development Team Just Made ETH Block Production Twice As Fast

  27-11-2019 21:00 via cointelegraph.com
  
  Blockchain advisory firm ran a test that shows it can cut the average block propagation time by more than 50% on the Ethereum network
  
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• Lebanese Bitcoiners Show How to Talk About Crypto At Thanksgiving

  27-11-2019 20:20
  
  Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology.
  
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• India Plans to Issue a National Blockchain Framework

  27-11-2019 20:00
  
  The Indian government is drafting a paper outlining a new national blockchain framework, a minister wrote Wednesday.
  
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• Bitcoin Falls 20% Below Stock-To-Flow Forecast

  27-11-2019 20:00 via newsbtc.com
  
  Because Bitcoin is a new, emerging technology unlike anything before it, it is difficult to give the speculative asset a meaningful value, and instead, market dynamics like supply and demand take over.
  One attempt to assign a fair market value to Bitcoin has been done through a highly-cited stock-to-flow model. However, Bitcoin price is now trading between 15 and 20 percent below the projected stock-to-flow value of the asset, suggesting that the asset is currently undervalued and that it is &ld
  
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• Hackers Mass-Scanning Web for Docker Platforms to Mine Cryptocurrencies

  27-11-2019 19:58 via cointelegraph.com
  
  A new hacking campaign is targeting Docker platforms that have API endpoints exposed online to mine Monero
  
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• Price Analysis 27/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

  27-11-2019 19:45 via cointelegraph.com
  
  Bitcoin’s move above $7,300 has led altcoins to rally but will the next dip offer attractive buying opportunities for the long-term?
  
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• Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature

  27-11-2019 19:14 via newsbtc.com
  
  Online payment services firm Skrill has announced the expansion of its cryptocurrency offering. With its crypto-to-crypto buy and sell service, Skrill users will now be able to use Bitcoin to buy other cryptocurrencies, making transactions on the platform faster and lower-cost. It comes after the UK-based firm first introduced its Cryptocurrency Service last year.
  Before this change, Skrill customers could use their fiat account balances to purchase any of nine different cryptocurrencies, includ
  
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• Afghan Government to Apply Blockchain in Country’s Healthcare Sector

  27-11-2019 19:13 via cointelegraph.com
  
  The Afghan government is looking to use blockchain to track counterfeit medicines and create medical registries in hospitals
  
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• The Worst Is Yet To Come For Altcoin Market Cap

  27-11-2019 19:00 via newsbtc.com
  
  Following Bitcoin’s meteoric rise in 2017, retail investors searching for the next Bitcoin loaded up on altcoins and other crypto assets hoping to get in early and strike it rich.
  But the bubble popped, and now altcoins are down in some cases as much as 99% from their all-time high prices set back during the peak euphoria of the bull cycle. However, one crypto analyst says that the worst is still yet to come for the altcoin market, and a much deeper drop could be ahead.
  Altcoin Apocalypse
  
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• HSBC to Digitize Private Placement Records to Track $20B in 2020

  27-11-2019 18:55 via cointelegraph.com
  
  HSBC to digitize private placements records worth $20 billion using a new blockchain-based custody platform by March 2020
  
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• Ethereum Scaling Fix Cuts Time to Create a Block in Half, Test Finds

  27-11-2019 18:35
  
  BloXroute Labs' "Blockchain Distribution Network" cut ethereum block propagation time in half, according to a test by Akomba Labs.
  
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• Bitcoin Price Blasts Through Key $7.4K Resistance – Next Target $8.1K

  27-11-2019 18:34 via cointelegraph.com
  
  Bitcoin needs a daily close above $7.4K in order to test the Bollinger Band MA at $8.1K
  
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• Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019

  27-11-2019 18:25 via cointelegraph.com
  
  According to CipherTrace’s latest report, the total volume of crypto-related fraud and theft resulted in losses worth $4.4 billion in 2019
  
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• Skrill Sweetens Offering with Bitcoin-to-Crypto Direct Conversion

  27-11-2019 18:08
  
  Initially, customers can convert between Bitcoin and other supported coins, with future pairings to be added soon.
  
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• Bitcoin Price: Defense of $7,000 Could Lead to Thanksgiving Rally

  27-11-2019 18:05 via newsbtc.com
  
  Bitcoin price is finally trending upward once again, after weeks of downtrend taking the price of the crypto asset to $6,500 at the low.
  Last night, Bitcoin price made another attempt to break back below $7,000 but the move was short-lived as bulls were able to defend the key area. Could the current bounce have some (turkey) legs that extend into the Thanksgiving holiday?
  Bulls Defend $7,000, Rebound In Effect or Reversal Forming?
  Late last night, Bitcoin price tumbled back to under $7,000 for a
  
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• MARKETS DAILY: UpBit Hack Reactions & Crypto Liquidity Insights

  27-11-2019 18:00
  
  On today’s episode, we’re talking markets reaction to UpBit exchange hack, crypto liquidity, and VeChain’s November rally.
  
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• Judge Preserves SEC Motion to Strike Telegram’s Void for Vagueness Defense

  27-11-2019 17:35 via cointelegraph.com
  
  A federal judge has preserved an SEC motion to strike Telegram’s void for vagueness defense in the Gram token sale case
  
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• HSBC to Track $20 Billion in Assets on a Blockchain Next Year

  27-11-2019 17:20
  
  HSBC plans to track $20 billion in private-placement assets on its Digital Vault, allowing investors real-time access to their records.
  
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• Revamping the Traditional PPV TV Subscription Model With Blockchain

  27-11-2019 17:14 via cointelegraph.com
  
  As Netflix, Disney+ and others continue to prove their dominance over the streaming market, a decentralized solution could become a contender
  
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• Former UBS Executive Establishes Digital Securities Insurance Platform

  27-11-2019 16:57 via cointelegraph.com
  
  Former UBS executive Claude Waelchli has launched a digital securities issuance platform dubbed Tokenyz
  
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• Backed by Bigwig Advisors, Saga Launches SGA Token on Dec 10

  27-11-2019 16:41
  
  Utilizing a basket of currencies that replicate the IMF's SDR, Saga offers a more common asset to back its token.
  
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• Indian Government to Issue National Blockchain Strategy

  27-11-2019 16:03 via cointelegraph.com
  
  The Indian government is working on a National Level Blockchain Framework to promote the tech’s adoption
  
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• Swiss Government Moves to Remove Legal Barriers for Blockchain Development

  27-11-2019 15:50
  
  The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.
  
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• Former UBS Banker Launches Digital Securities Platform Tokenyz

  27-11-2019 15:00
  
  A veteran of megabank UBS is launching a startup to enter the increasingly crowded field of platforms for issuing digital securities on a blockchain.
  
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• Ghana Exploring Digitized National Currency, Says Central Bank Exec

  27-11-2019 14:47 via cointelegraph.com
  
  The governor of Ghana’s central bank says that the country is exploring a central bank digital currency, and could issue an e-cedi in the near future
  
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• Fireblocks Sees 150% Monthly Growth, Moves $2.5B in Crypto a Month

  27-11-2019 14:30
  
  The platform supports over 180 digital currencies and 23 exchanges.
  
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• Swiss Executive Branch Calls for Improved Regulations for Blockchain

  27-11-2019 14:28 via cointelegraph.com
  
  The Swiss Federal Council has adopted a list of proposals for improving blockchain regulations in the country
  
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• Bancor Claims Liquidity Token Airdrop Will Increase DeFi Users by 500%

  27-11-2019 14:15 via cointelegraph.com
  
  Bancor announced its upcoming airdrop, which will start on New Year’s Eve and aims to increase DEX liquidity
  
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• Ghana May Issue Digital Currency in ‘Near Future,’ Says Central Bank Chief

  27-11-2019 13:52
  
  Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project.
  
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• Eerie Bitcoin Fractal Suggests Bottom in at $6.6k, Surge to $8k Likely

  27-11-2019 13:00 via newsbtc.com
  
  While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.
  Related Reading: Altcoin Returns to ICO Price After 11,100% Run: Bitcoin Dominates Crypto Market
  A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. Th
  
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• Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator

  27-11-2019 12:34 via cointelegraph.com
  
  In the wake of a 342,000 ETH theft from South Korean crypto exchange Upbit, commentators deem an inside job to be more likely than a hack
  
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• UpBit Gets Hacked, $50 Million in Ether Stolen

  27-11-2019 12:15
  
  The exchange suspended deposit and withdrawal services amid the hack.
  
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• Bitcoin Is Looking at a Short-Term Bull Reversal if Prices Pass $7,400

  27-11-2019 12:05
  
  Bitcoin needs to break above resistance at $7,380 to confirm a short-term bull reversal and invite stronger buying pressure.
  
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• Why Turkey is Gaining Speed as Crypto’s Newest Industry Hub

  27-11-2019 11:56
  
  Recent moves by Binance and Huobi have signaled that Turkey is developing as a crypto industry hotspot. Why is this?
  
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• New Research: Bitcoin’s Carbon Footprint Lower Than Previously Thought

  27-11-2019 11:46 via cointelegraph.com
  
  A new analysis of Bitcoin mining has pointed to the importance of accounting for renewable energy sources, as opposed to earlier “blanket” assumptions
  
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• Charities Put a Bitcoin Twist on Giving Tuesday

  27-11-2019 11:20
  
  HODLers can play Santa this year by gifting their crypto bags to others on Bitcoin Tuesday, a play on the holiday drive known as Giving Tuesday.
  
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• Theranos Was ‘Uncannily Ethereum-Like,’ Says Bitcoin Pioneer Adam Back

  27-11-2019 11:19 via cointelegraph.com
  
  Blockstream CEO and HashCash inventor Adam Back and ex-Bitcoin Core developer Peter Todd debate contentious comparisons between Ethereum and Theranos
  
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• Bitcoin Dives Below $7K as Upbit Confirms $50M ‘Abnormal Withdrawal’

  27-11-2019 10:43 via cointelegraph.com
  
  Bitcoin price: $7K support wavers as Upbit hack reports hit
  
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• SBI Makes Big Investment in Digital Securities Platform Securitize

  27-11-2019 10:42
  
  The company is also backed by Coinbase, MUFJ, and Nomura.
  
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• SBI Invests Seven-Figure Sum in Securitize

  27-11-2019 10:42
  
  The company is also backed by Coinbase, MUFJ, and Nomura.
  
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• Crypto Exchange Upbit Confirms Theft of $49M in Ether

  27-11-2019 10:27
  
  South Korean crypto exchange Upbit has lost $49 million worth in cryptocurrency, the exchange has confirmed.
  
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• Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M

  27-11-2019 10:26 via cointelegraph.com
  
  South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
  
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• BREAKING: Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M

  27-11-2019 10:26 via cointelegraph.com
  
  South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
  
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• Bitcoin Slips to $6,900 After Upbit Loses $50M of Ethereum in Seeming Hack

  27-11-2019 10:18 via newsbtc.com
  
  If you’ve been on Crypto Twitter at all over the past few hours, you’ve likely noticed this Ethereum transaction. The transaction, which is for 342,000 ETH (valued at nearly $50 million as of the time of writing this), was sent from Upbit, a popular Korean exchange, to an unknown, unmarked wallet out of nowhere. 342,000 #ETH (49,848,273 USD) transferred from #Upbit to unknown wallet
  Tx: https://t.co/HairAS3gee
  — Whale Alert (@whale_alert) November 27, 2019Sure, this wasn’
  
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• Litecoin Price (LTC) Remains In Downtrend, Bitcoin Holding $7K

  27-11-2019 10:00 via newsbtc.com
  
  Litecoin is started an upside correction from the $42.15 swing low against the US Dollar.
  The price is now trading above the $45.50 resistance, but it is well below $48.40 and $50.00.
  There is a major bearish trend line forming with resistance near $47.80 on the hourly chart of the LTC/USD pair (data feed from Kraken).
  Bitcoin price is currently trading in a range above the $7,000 and $6,950 support levels.Litecoin price is still in a downtrend below the $50.00 resistance against the US Dollar.
  
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