Cryptocurrency news

• Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff

  16-12-2019 23:47
  
  As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
  
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• Two Reasons Why Ethereum Crashed 10% in a Matter of Minutes

  16-12-2019 23:00 via newsbtc.com
  
  The second most popular digital asset by market capitalisation led a crypto industry wide plunge in prices today. Ether (ETH), the native cryptocurrency on the Ethereum network, fell by around 10 percent in just a matter of minutes.
  The market wide dump follows a Chainalysis report referenced by Bloomberg earlier today. It claims that PlusToken, a multi-billion-dollar Chinese Ponzi scheme, has been dumping large amounts of various digital assets on the market and that there will be further dumps
  
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• Int'l Regulator Basel Committee Calls for Prudent Rules for Crypto

  16-12-2019 23:00 via cointelegraph.com
  
  The Basel Committee on Banking Supervision calls for conservative treatment of crypto assets
  
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• Former Binance Head of Trading Joins CoinFlex As Chief Strategy Officer

  16-12-2019 22:55 via cointelegraph.com
  
  Former Binance head of trading has joined crypto exchange CoinFlex as chief strategy officer
  
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• 2 Russian Nationals Charged With Mining Crypto on State Computers

  16-12-2019 22:24
  Two Russian nationals are being prosecuted for allegedly crypto mining on Russian government-owned computer systems, state news agency TASS reported Monday.
  
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• 2 Russian Nationals Charged With Crypto Mining on State Computers

  16-12-2019 22:24
  Two Russian nationals are being prosecuted for allegedly crypto mining on Russian government-owned computer systems, state news agency TASS reported Monday.
  
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• Authoritarian Airdrop: Maduro ‘Gifts’ Petros to Venezuelans for Christmas

  16-12-2019 22:13
  
  Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.
  
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• Authoritarian Airdop: Maduro ‘Gifts’ Petros to Venezuelans for Christmas

  16-12-2019 22:13
  
  Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.
  
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• Prominent Trader: Intense Bitcoin Bear Market Will Continue Unless This Happens

  16-12-2019 22:00 via newsbtc.com
  
  Bitcoin’s bulls have continued to hold Bitcoin’s price above its key near-term support level at $7,000 and defended this level from some heightened selling pressure yesterday that came about just prior to BTC’s weekly close.
  The ardent defense of this level comes about as Bitcoin shows signs of having a bearish market structure, and there are two key levels that are important to watch within this structure that could offer significant insight into how the crypto will trend into
  
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• TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture

  16-12-2019 21:48 via cointelegraph.com
  
  TikTok records the first viral Bitcoin video after the firm’s owner reportedly launched a blockchain-related venture in China
  
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• What Do Women Want? More Educational Materials Before Investing in Bitcoin

  16-12-2019 21:45
  
  There would be more women investing in bitcoin if they had more educational materials to help them, a new report found.
  
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• Is Crypto Exchange ErisX Planning Launch of Futures Trading Tomorrow?

  16-12-2019 21:42 via cointelegraph.com
  
  Crypto exchange ErisX has sent a notice its members that it will start trading crypto futures but lack of fanfare leaves doubts
  
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• Chinese City Warns Investors: Crypto Isn’t Blockchain

  16-12-2019 21:37
  
  One Chinese city has a stern warning for investors: make sure you are not investing in crypto masquerading as blockchain.
  
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• Obscure Cryptocurrency Mindol Pumps its Way Up Market Cap Rankings, But Why?

  16-12-2019 21:00 via newsbtc.com
  
  CoinMarketCap is suddenly showing a little-known cryptocurrency as the 17th largest by market capitalisation. Mindol (MIN) is an obscure project apparently aiming to promote Japanese “geek culture”.
  There has been little news reported that might account for the epic price gains the digital asset has seen over the last few weeks. This has caused market observers to conclude that the price runs are nothing but an apparently large pump-and-dump.
  Cryptocurrency Mindol Surges into Top 20:
  
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• Bitcoin Price Drops Under $7K, But Longs Soar After $6.8K Bounce

  16-12-2019 20:36 via cointelegraph.com
  
  Is Bitcoin headed to lower $6Ks now that $7K support has been broken?
  
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• Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims

  16-12-2019 20:35
  
  CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitting funds on their payment networks.
  
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• This Cryptocurrency Could Boom Following Bitcoin’s Next Drop

  16-12-2019 20:30 via newsbtc.com
  
  Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies.
  That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market valuation has grown twofold across the last and current financial quarters.
  Since June 26 – the day bitcoin established its
  
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• $20K Day: A Look Back At Bitcoin’s Two-Year Rise and Fall

  16-12-2019 20:02 via newsbtc.com
  
  It was two years ago today, that Bitcoin price reached its all-time high value of $20,000, and just one year ago that it reached its current bear market low of $3,100.
  On such a significant day, we’re reflecting on all of the ups and downs the first-ever cryptocurrency has experienced since.
  On This Day Two Years Ago: Bitcoin Reaches ATH of $20,000
  2017 was the year of Bitcoin and cryptocurrency. The leading cryptocurrency by market cap started off the year at under $1,000, and by December
  
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• Why Bitcoin Just Dropped Below $6900 in Abrupt Drop, Risking a Big Fall

  16-12-2019 19:48 via newsbtc.com
  
  Bitcoin (BTC) has just lost the key support of $7,000 after trading above this level for over a week. This marks the first bout of volatility the cryptocurrency market has seen in weeks and, as such, may imply that a larger move in the downward direction may take place in the coming days.
  Bitcoin Drops Below $7,000 as Bears Apply Pressure
  After holding $7,000 for weeks, Bitcoin on Monday morning (PST) fell under $7,000 is a strong spike lower, falling from $7,100 to as low as $6,820 in 15 minute
  
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• Christmas Bonus?: Maduro’s Gov’t Promises 8M Venezuelans Half a Petro Each

  16-12-2019 19:17 via cointelegraph.com
  
  Maduro promises half a Petro each to more than 8 million Venezuelans
  
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• Why Crypto Companies Must Go Bankrupt Before Next Bull Market Begins

  16-12-2019 19:00 via newsbtc.com
  
  When Bitcoin broke out from the $4,000 range and went on a parabolic run around mid-year, the crypto market breathed a collective sigh of relief as they said goodbye and good riddance to the bear market.
  However, as Bitcoin falls back into a downtrend, and the market begins to fear that crypto winter may return, one accurate analyst claims that crypto companies themselves must first begin to capitulate and file for bankruptcy before the bear market can really come to an end.
  Crypto Companies Mus
  
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• This Year’s Top Ten Crypto Narratives

  16-12-2019 19:00
  
  From “The Revolution Needs Rules” to “Unbank the Banked,” 2019 was full of resonant phrases. Selkis, CEO of Messari, makes sense of them.
  
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• This Year’s Top 10 Crypto Narratives

  16-12-2019 19:00
  
  From “The Revolution Needs Rules” to “Unbank the Banked,” 2019 was full of resonant phrases. Selkis, CEO of Messari, makes sense of them.
  
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• Two Israeli-American Investors Drop Complaint Against Moshe Hogeg

  16-12-2019 18:50
  
  Marvin Marmelstein and Barry Friedman are nullifying the lawsuit without publicly announcing a reason.
  
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• Two American Investors Drop Complaint Against Moshe Hogeg

  16-12-2019 18:50
  
  Marvin Marmelstein and Barry Friedman are nullifying the lawsuit without publicly announcing a reason.
  
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• Price Analysis Dec 16: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

  16-12-2019 18:44 via cointelegraph.com
  
  Most major cryptocurrencies led by Bitcoin are likely to remain range-bound for the next few days
  
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• Bitcoin-Savvy Retailers to Experiment With Point-of-Sale Lightning App in 2020

  16-12-2019 18:35
  
  Iterative Capital is working with Breez on a point-of-sale app for bitcoin lightning payments. Some retailers are already testing the beta version.
  
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• Crypto: CFTC Chairman Wants US to Lead Regulation, What Does This Mean?

  16-12-2019 18:27 via newsbtc.com
  
  The last few years have seen national governments and central banks grappling with how to regulate the crypto-sphere. The US is no exception, but the Commodity Futures Trading Commission (CFTC) is one federal agency that is more supportive of the industry’s growth.This bullish view was reinforced by CFTC Chairman Heath Tarbert in statements made surrounding sensible regulation to promote growth, and his vision that sees the US as the global leader in the blockchain and crypto industries.
  C
  
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• UN to Prevent Hong Kong Migrant Workers Exploitation with Blockchain

  16-12-2019 18:03 via cointelegraph.com
  
  UN-led International Organization for Migration and Diginex plan to use blockchain to prevent the exploitation of migrant workers
  
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• Traders Prepare For a Big Bitcoin Drop as Shorts Stack 50%

  16-12-2019 18:00 via newsbtc.com
  
  Crypto traders are preparing for the next big move in Bitcoin, as short positions have stacked up by an additional 50% over the last 24 hours.
  Is the first-ever cryptocurrency about to experience yet another fall, or will these fresh short positions be squeezed in a strong push upward into a rally?
  Shorts Stack Ahead of Big Expected Bitcoin Drop
  The talk of the cryptocurrency market over the last couple of weeks has been the growing spike in long positions on the crypto exchange Bitfinex, nearin
  
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• Blockchain Projects Work Better When Everyone Collaborates

  16-12-2019 18:00
  
  To reach its potential, blockchain needs to support inclusion and avoid power consolidation, says the head of blockchain at the World Economic Forum.
  
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• Bitcoin Will Have a Lower Inflation Rate Than U.S., U.K., and Australia, and It’s Huge

  16-12-2019 17:38 via newsbtc.com
  
  The inflation rate of bitcoin will drop below that of the U.S., U.K., and other developed nations. For of a store of value whose value preposition relies on scarcity, it could appeal the asset to a broader base of investors.
  Bitcoin has a fixed supply of 21 million and no more BTC can be produced after that. An asset with a fixed cap having a lower rate of inflation than fiat currencies shows a strong economic reason to hold BTC according to an analyst.
  Scarcity of bitcoin to increase in May 202
  
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• MARKETS DAILY: Weird News Out of Canada and a Predicted Bull Run

  16-12-2019 17:27
  
  
  Blockchain goes to court in China and we get expert predictions for 2020. It's CoinDesk's Markets Daily.
  
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• New Zealand’s ASB Bank Owns 21% in TradeWindow Following $1.7M Round

  16-12-2019 17:21 via cointelegraph.com
  
  ASB Bank, owned by Commonwealth Bank of Australia, becomes the 2nd biggest shareholder of blockchain firm TradeWindow as it joins $1.7 million funding round
  
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• Investors Are Not Buying Bitcoin at Current Price, is BTC in Trouble?

  16-12-2019 16:59 via newsbtc.com
  
  Bitcoin opened Monday in a slightly-positive territory as investors’ focus shifted towards risk-on markets.
  The leading cryptocurrency slipped marginally during the early morning trade. It managed to secure a weak bounce as the session matured, establishing an intraday high of $7,131.99.
  The move brought the price up by 1.20 percent but failed to maximize it into a big move. As of 14:01 UTC, bitcoin was trading 0.31 percent higher at $7,133.
  Bitcoin continues to trend horizontally | Source
  
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• 4 Things You Must Know Before Trading Bitcoin and Cryptocurrency

  16-12-2019 16:48 via cointelegraph.com
  
  Trading cryptocurrency can be challenging but new investors can protect their funds by having a game plan before buying Bitcoin and crypto
  
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• Musicians Want to Break Free of Big Tech

  16-12-2019 16:30
  
  Decentralized platforms are the best means to solve equity problems in creative industries.
  
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• Bitcoin Price Clips $7.1K Futures ‘Gap’ as Bearish Warnings Persist

  16-12-2019 15:48 via cointelegraph.com
  
  Bitcoin once again fills the gap between Friday and Monday futures trading levels with a trip to $7,145
  
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• Venezuela’s Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees

  16-12-2019 15:10
  
  Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
  
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• Venezuela’s Maduro Says He Will Airdrop Half a Petro Each to Nation’s Civilians

  16-12-2019 15:10
  
  Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
  
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• Blockchain Might Be a Silver Bullet for Fighting Deepfakes

  16-12-2019 14:58 via cointelegraph.com
  
  The same blockchain technology that confirms your crypto transactions might also be able to fight fake news
  
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• Crypto Regulation: Is It Good or Bad for the Industry?

  16-12-2019 14:51 via cointelegraph.com
  
  Would regulation be a delight or a disaster for crypto and blockchain? Experts — and countries around the world — are bitterly divided #Sponsored
  
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• Binance Supports Algorand’s v2.0.2 Upgrade, Halts ALGO Deposits

  16-12-2019 14:44 via cointelegraph.com
  
  Binance suspends ALGO deposits and withdrawals to support the Algorand v2.0.2 upgrade that will increase the amount of time for nodes to upgrade
  
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• Is Bitcoin Now Bullish or Bearish at $7K? Here’s the Scorecard

  16-12-2019 14:29 via cointelegraph.com
  
  Is Bitcoin now bullish or bearish headed into 2020? Here’s how BTC is shaping up exactly a year after its $3.2K bottom was confirmed
  
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• Bitcoin Options Call/Put Ratio Indicates More Bearish Sentiment In The Short Term

  16-12-2019 14:24 via newsbtc.com
  
  Since the end of November, Bitcoin has found itself trading within a narrow band. Support appears to be holding at $7k, but the general sentiment is still bearish. The Call/Put Ratio for BTC Options shows that Puts are nudging almost 0.75 on the latest daily, implying that investors are speculating a move lower, or hedging on the chance of a sell-off.Unusual proportion of puts trading in last two days on @DeribitExchangeMarket bearish? pic.twitter.com/9wK0Bs9dVD
  — skew (@skewdotcom) Decemb
  
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• Bitcoin Has Got Society to Think About the Nature of Money

  16-12-2019 14:00
  
  2020 may be the year we see the value of infrastructure built in response to bitcoin and the energy around blockchain.
  
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• Tata’s IT Arm Says Its New Toolkit Will Enable Faster Blockchain App Development

  16-12-2019 13:56
  
  Tata Consultancy Services has launched a new blockchain developers' kit that it claims will make building apps 40 percent faster.
  
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• Tata Consultancy Services Launches Blockchain App Deployment Kit

  16-12-2019 13:49 via cointelegraph.com
  
  Major IT services firm Tata Consultancy Services has released the Quartz blockchain app development kit
  
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• Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

  16-12-2019 13:19 via cointelegraph.com
  
  The Shenzhen Bao'An District Court in China has frozen $676,000 in assets of a Bitmain subsidiary
  
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• R3’s Marco Polo Runs Largest Trade Finance Trial With Over 70 Members

  16-12-2019 13:09 via cointelegraph.com
  
  R3’s trade finance network Marco Polo completes its largest trade finance trial involving more than 70 firms
  
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