Cryptocurrency news

• Bitcoin Mining Giant Canaan Shares Plummet 58%: What Does it Show About BTC?

  17-12-2019 23:13 via newsbtc.com
  
  The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.
  In recent months, as seen in the balance sheet of major mining companies like Canada’s Hut8, the declining price of BTC has made it difficult for miners to remain profitable.
  Bitcoin mining firm Canaan’s stock price sees a large correction (Source: Tradin
  
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• Circle Spins Out OTC Business, Sells Circle Trade to Kraken

  17-12-2019 23:10
  
  Circle Trade will be led by Nelson Minier who, for the last two years, has been head of Kraken’s OTC desk.
  
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• Ethereum’s Istanbul Upgrade Reflects Platform Success & Maturing Market

  17-12-2019 23:00 via crypto-news.net
  
  Last month Ethereum completed a major upgrade, moving the platform one step closer to Ethereum 2.0 and final status. Named Istanbul, the upgrade took place via a hard fork, and appears to have had no major complications. This progress has only served to strengthen Etherum’s position as the top altcoin and second most valuable cryptocurrency. Nevertheless, challenges continue to present themselves, and Ethereum remains tied to the overall market conditions.
  Istanbul is the fifth installment
  
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• Stanford Funds Blockchain Startup Touted as ‘the Microsoft for Blockchain’

  17-12-2019 22:56 via cointelegraph.com
  
  Stanford alumni receive funding from Stanford, Charles Schwab and others for blockchain startup named Alchemy
  
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• Christmas Cash-In For Bears As Bitcoin Dips Below $6,600

  17-12-2019 22:50 via cointelegraph.com
  
  BTC is crashing hard, down $350 in less than three hours
  
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• Ethereum Is Now Officially Net Negative in 2019, Down 91% From ATH

  17-12-2019 22:45 via newsbtc.com
  
  The Ethereum price was at $130 at the start of the year on January 1st across major crypto exchanges. With 12 days left on the calendar, ETH is now net negative in 2019, which comes in stark contrast to the 70% performance that Bitcoin has seen in 2019.
  Related Reading: Bitcoin Halving Search Trend is Surging, But Why is Price Stagnant?
  In the last 48 hours, the Ethereum price has declined from $142 to $123, marking a more than 10 percent decline against the U.S. dollar.What’s worse, the c
  
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• Circle Pivots to Stablecoin Platform as More Execs, Teams Depart

  17-12-2019 22:31
  
  Circle will focus on its stablecoin business next year, following the sale of its OTC desk to Kraken and the departure of its chief financial and legal officers.
  
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• Ethereum Gets a B, EOS Gets an F: Node Quality Study Ranks Top Crypto Assets

  17-12-2019 22:00 via newsbtc.com
  
  As competition builds within the blockchain industry, investors and prospective users alike have to undergo the arduous task of evaluating which blockchains have the best fundamental strength. Ethereum has long been favored by users and developers, but over the past three years a plethora of competitors have surfaced, making it difficult to discern which blockchain is the best.
  A recent report from Coin Metrics is now offering a thorough evaluation of various blockchain networks, with a specific
  
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• Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain

  17-12-2019 22:00
  
  Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.
  
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• As We Hunger for Viability, Let’s Stay True to Our Values

  17-12-2019 22:00
  
  Sometimes we are so in fear of external attack that we risk morphing into something technically the same but fundamentally different.
  
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• Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office

  17-12-2019 21:38
  
  Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
  
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• Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin to Cointelegraph

  17-12-2019 21:36 via cointelegraph.com
  
  Coinfloor will delist all cryptocurrencies but Bitcoin, according to the CEO because it is the only cryptocurrency that is proven to date
  
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• Why Bitcoin Just Dropped Below $6,600; Price Nearing Make or Break Level

  17-12-2019 21:33 via newsbtc.com
  
  Sorry bulls, bears won’t give you any reprieve. On Tuesday, Bitcoin (BTC) continued to tank, perpetuating a downward trend established on Monday after the cryptocurrency fell from $7,150 to $6,800 in the span of a few minutes. 
  Related Reading: Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?
  As of the time of writing this, the cryptocurrency is trading at $6,600, just a percent or two above the local lows of $6,500. BTC is down 4.5% in the past 24 hours, actually outper
  
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• The Productization of Bitcoin Maximalism

  17-12-2019 21:26
  
  
  NLW discusses the rise in bitcoin only businesses and “blockchain not crypto” in China vs. “digital assets not blockchain” in US financial firms.
  
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• 4 Reasons Why Bitcoin Is Now Retesting November Lows — $6.4K Next?

  17-12-2019 21:19 via cointelegraph.com
  
  Is Bitcoin now about to set even lower lows headed into 2020?
  
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• Former SEC Senior Counsel Joins US Security Token Platform As Chief Legal Officer

  17-12-2019 21:02 via cointelegraph.com
  
  TokenSoft hired Alex C. Levine as its chief legal officer to work on the firm’s regulatory compliance
  
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• Bitcoin Halving Search Trend is Surging, But Why is Price Stagnant?

  17-12-2019 21:00 via newsbtc.com
  
  Searches on Google for the term “Bitcoin Halving” are much more common than they were four years ago. This has led one cryptocurrency analyst to conclude that the top will be much higher than those seen during previous bull markets.
  Although Google search volume is up for the term this time around, with less than 150 days before the event, price has yet to start moving. However, previous halvings have only seen major price gains in the period following the event itself.
  Does Bumper S
  
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• ErisX Takes on Bakkt With Launch of Physically-Settled US Bitcoin Futures

  17-12-2019 20:51
  
  ErisX plans to work with futures commission merchants and brokerages starting next year, allowing investors hoping to trade its physically-settled bitcoin futures an alternative to Bakkt
  
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• ISIS Turns To Blockchain-Based Messaging App Following Telegram Ban

  17-12-2019 20:39 via cointelegraph.com
  
  ISIS experiments with blockchain-based messaging app BCM after being banned from Telegram
  
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• Could Post Crypto Bubble Bitcoin Follow Dot Com Crash NASDAQ Chart?

  17-12-2019 20:00 via newsbtc.com
  
  The crypto bubble and Bitcoin’s meteoric rise often gets compared to past bubbles, such as tulip mania, or the dot com crash.
  But could Bitcoin’s price chart actually be following an echo-bubble fractal found on NASDAQ’s price charts from after the dot com bubble burst?
  Bitcoin Following NASDAQ Post Dot Com Collapse Fractal
  The leading cryptocurrency by market cap, Bitcoin, took the world by storm in 2017 when the crypto asset reached an all-time price of $20,000 exactly two ye
  
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• Fidelity’s Crypto Unit Expands Trading, Custody Services to Europe

  17-12-2019 19:51
  
  Fidelity’s cryptocurrency unit only serves institutional investors such as hedge funds, family offices and intermediaries.
  
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• Block.One’s Venture Arm to Dole Out $50K Grants to Promising EOS Projects

  17-12-2019 19:05
  
  EOS VC is looking for "world-conquerors and local heroes" for its new grants program.
  
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• Crypto-Demanding Cybercriminals Ramp Up Ransomware Threat With Data Exposure

  17-12-2019 19:00 via newsbtc.com
  
  Cybercrime is growing at an exponential rate, and showing zero signs of slowing down or stopping in the near future. As technology advances, so do the tactics used by these criminals, especially surrounding crypto.
  One particular group of hackers that has been wreaking havoc across the United States as of late, has escalated their ransomware attacks by threatening to expose critical and sensitive data related to businesses as a way to encourage payment of exorbitant ransoms.
  Cybercriminals Escal
  
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• ‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report

  17-12-2019 18:45
  
  Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions.
  
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• Former IMF Economist: Current Bitcoin Trend is “Textbook Echo Bubble”

  17-12-2019 18:00 via newsbtc.com
  
  Bitcoin’s entire 2019 rally from trough to peak, is nothing more than a “textbook echo bubble” according to a former IMF economist.
  If the well-known economist is correct, knowing this fact could provide some clues about what happens next for the first-ever cryptocurrency.
  Bitcoin Forms Textbook Echo Bubble, According to Mark Dow
  After Bitcoin bottomed out late last year, the crypto asset spent the first quarter of the year stagnant, but as soon as the second quarter hit, the f
  
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• Fidelity Digital Assets Launches UK Branch In Line With Local Laws

  17-12-2019 17:55 via cointelegraph.com
  
  Fidelity Digital Assets expands to Europe with U.K. registered branch
  
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• Bitcoin Price Just Dropped to $6,600, Here’s How BTC Can Be In Big Trouble

  17-12-2019 17:28 via newsbtc.com
  
  The downtrend continues for Bitcoin price, as the leading crypto asset by market cap reached $6,600 today, showing that bears remain in complete control over the current state of the crypto market.
  Will bulls finally step in and bring a much-needed relief rally, or will Bitcoin continue to fall back towards its bear market bottom and strike fear into the hearts of crypto investors everywhere?
  Bitcoin Price Falls to $6,600 In Bear Dominated Battle
  It was just one year ago when Bitcoin price reach
  
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• MARKETS DAILY: Another Chainalysis Bombshell, Plus a Long Squeeze?

  17-12-2019 17:26
  
  
  After a brief overnight recovery, bitcoin is getting battered along with the rest of the sector, but how much lower can we go?It's CoinDesk's Markets Daily.
  
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• Even 2019’s Strongest Cryptocurrency is Unable to Escape the Bear Market

  17-12-2019 17:02 via newsbtc.com
  
  Binance Coin (BNB), the eighth-largest cryptocurrency by market capitalization, opened on Tuesday in a severely negative area as a string of poor fundamentals scared investors away.
  BNB plunged by 5.78 percent, or $0.77, to trade at $12.65. The latest downside move came as a part of an extended bearish correction seen across the entire cryptocurrency market. Like BNB, top coins including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), too suffered intraday losses.
  On the whole, the cryptocurren
  
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• Fidelity to Expand Institutional Crypto Business to Europe

  17-12-2019 16:43
  
  Fidelity Investment, one of the world's largest asset managers, is setting up a new entity to serve European institutional investors in digital assets.
  
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• Jake Chervinsky: I’m Surprised There Haven’t Been More Enforcement Actions This Year

  17-12-2019 16:00
  
  Chervinsky, counsel at Compound, discusses crypto's regulatory issues and growing pains.
  
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• This Analyst Says a Bitcoin Target Of $50,000 To $100,000 by 2021 Is “Tame”

  17-12-2019 15:58 via newsbtc.com
  
  Bitcoin price may be falling once again into a downtrend and is at risk of revisiting bear market lows not seen since earlier this year.
  However, even targets of $50,000 to as much as $100,000 forecasted by Bitcoin’s highly-cited stock-to-flow model may be considered “tame” or “conservative” according to one respected crypto analyst.
  Stock-to-Flow Bitcoin Target of $50-100K By 2021 Called ‘Tame’
  It’s been an interesting year for the first-ever cryp
  
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• Private Payment System for Central Bank Digital Currency Possible, Says ECB

  17-12-2019 15:33 via cointelegraph.com
  
  New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible
  
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• Crypto Carnage: Bitcoin Price Slides to $6.6K, XRP Falls Below $0.20

  17-12-2019 15:24 via cointelegraph.com
  
  Bitcoin leads cross-crypto bloodbath as markets tumble lower, but one indicator gives cause for celebration
  
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• What is a Multi HODL?: YouHodler CEO Sits Down to Discuss the New Feature Along With Other Investment Strategies

  17-12-2019 15:00 via newsbtc.com
  
  When YouHodler announced the release of a new feature this week, we here at NewsBTC knew there would be one question on everyone’s mind. What is a “Multi HODL” and why should anyone care? Thankfully, the CEO of YouHodler, Ilya Volkov is here right now to clear up any questions and teach us a thing or two about risk management, asset diversification, and crypto multiplication.
  NewsBTC (NBTC): Thank you so much for joining us today and congratulations on the new feature.
  Ilya Vol
  
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• How a Whale Crashed Bitcoin to Sub-$7,000 Overnight

  17-12-2019 14:53 via newsbtc.com
  
  Bitcoin lost billions of dollars worth of valuation within a 30-minutes timeframe as a Chinese cryptocurrency scammer allegedly liquidated its steal via over-the-counter markets. The initial sell-off by PlusToken caused a domino effect, causing mass liquidations.
  PlusToken, a fraud scheme that duped investors of more than $2bn, dumped huge bitcoin stockpiles from its anonymous accounts, according to Chainalysis.The New York-based blockchain consultancy cited an internal investigation that s
  
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• UN to Use Blockchain to Tackle Exploitation of Migrant Workers in Hong Kong

  17-12-2019 14:30
  
  The new initiative will help ensure migrant workers aren’t charged unethical fees.
  
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• State Street, Gemini Tie to Pilot Digital Asset Reporting Scenarios

  17-12-2019 14:18
  
  The trial will begin with 2 digital assets initially.
  
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• Venezuelan Bolivar Trading Volumes on LocalBitcoins Hits New Record High

  17-12-2019 14:12 via cointelegraph.com
  
  The amount of Venezuelan bolivars traded against Bitcoin hit another all-time high last week
  
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• Gemini, State Street Launch Cryptocurrency Reporting Pilot

  17-12-2019 14:01 via cointelegraph.com
  
  Gemini cryptocurrency exchange and State Street have jointly launched a pilot producing reports on a user cryptocurrency holdings
  
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• Trader Says Preventing XRP Investments in 2019 is His Proudest Achievement

  17-12-2019 14:00 via newsbtc.com
  
  It’s been a frustrating year for cryptocurrency as a whole, more so for the alts. But none of the high caps have underwhelmed as much as XRP. In line with this, following further drops this week, the case for XRP, as an investment, is looking weak.2019 Has Been Disappointing For XRP Holders
  Even the biggest Ripple advocates would concede that 2019 has been something of a disappointment for XRP. After the start of November, the third-largest cryptocurrency by market cap has been in freefall
  
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• South Korean Co-Working Space Operator SparkPlus Turns to Blockchain

  17-12-2019 13:18 via cointelegraph.com
  
  Seoul-based SparkPlus plans to open co-working centers in properties listed on the blockchain funding platform Kasa Korea
  
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• OKEx Debuts Dai Stablecoin Staking Bonus as Tether Dwarfs Volumes

  17-12-2019 13:01 via cointelegraph.com
  
  Dai support from OKEx seems destined to have little impact in a market dominated by Tether
  
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• Why a Top Analyst Thinks Bitcoin Price Could Fall By 20% Before Bottoming

  17-12-2019 13:00 via newsbtc.com
  
  On Monday, the Bitcoin (BTC) price started to falter. After trading above $7,000 for days on end — a consolidation that forced volatility levels to hit multi-month lows— the cryptocurrency slipped on Monday morning, falling from $7,100 to $6,800 in three five-minute candles, catching many traders with their proverbial pants down.
  Despite the fact that the cryptocurrency remains above key supports in the $6,000 region — an area of utmost importance during the 2018 bear market, a
  
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• What Bitcoin Means for Athletes Like Me

  17-12-2019 13:00
  
  To Okung, the Los Angeles Chargers's left tackle, bitcoin means economic sovereignty and self-empowerment.
  
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• UK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on Bitcoin

  17-12-2019 13:00
  
  Coinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum and bitcoin cash next month to focus solely on bitcoin.
  
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• Two HitBTC Scammers Plead Guilty, Looking for Two Years in Jail

  17-12-2019 12:59
  
  Without the plea agreement, the perpetrators would face maximum sentencing of up to 20 years.
  
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• Two HitBTC Scammers Plead Guilty, Looking at Two Years in Jail

  17-12-2019 12:59
  
  Without the plea agreement, the perpetrators would face maximum sentencing of up to 20 years.
  
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• State Street Teams up With Winklevoss-Founded Gemini Exchange for Digital Assets Trial

  17-12-2019 12:47
  
  Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new trial that examines reporting scenarios for digital assets.
  
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• Bitcoin Price Hits 3-Week Low Even as Investor Bets on a Bull Move Surge

  17-12-2019 12:00
  
  Bitcoin has dropped to three-week lows and risks a deeper slide, but longs are being placed in record numbers on Bitfinex.
  
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