Cryptocurrency news

• Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

  19-12-2019 23:33
  
  Crypto Capital principal Reginald Fowler is expected to plead guilty to at least one charge stemming from allegations he ran an unlicensed money services business.
  
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• Why Bitcoin’s 2020 Halving Will Catalyze “FOMO” and “Large Bull Run”

  19-12-2019 23:00 via newsbtc.com
  
  In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.
  Related Reading: Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns
  The halving mechanism, should it be kept in the code in the decades to come, will
  
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• IRS Showcases Heightened interest in Taxing Cryptocurrency Users

  19-12-2019 23:00 via crypto-news.net
  
  For years, the tax situation associated with owning and using digital currencies has been unclear, due to the lack of standardization, alongside the existence of unclear and incomplete taxation policies. This situation is applicable throughout the world, yet states are slowly solidifying their taxation frameworks, to account for cryptocurrencies as well. There is an entire debate associated with the principles of taxation, discussing whether and how digital currencies should be taxed. We won&rsq
  
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• Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty

  19-12-2019 22:30
  
  Blockchain.com is adding a British pound gateway to its cryptocurrency exchange as it bets on more Brexit chaos.
  
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• Ethereum’s Fundamental Strength Takes a Hit as PlusToken Scammers Continue Dumping

  19-12-2019 22:00 via newsbtc.com
  
  Yesterday was an overwhelmingly bullish day for the cryptocurrency markets, with Bitcoin posting a large surge from its lows of $6,400 that led Ethereum (ETH) and most other major altcoins to climb as much as 10%.
  This upwards momentum was somewhat fleeting however, and Ethereum’s retrace from its recent rally may stem from the ongoing sale of ETH from the ring leaders on the defunct PlusToken Ponzi scheme, which could significantly damage the crypto’s price for years to come.
  Ethere
  
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• Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

  19-12-2019 21:51 via cointelegraph.com
  
  Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30.
  
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• DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo

  19-12-2019 21:31 via cointelegraph.com
  
  Maybe you saw DigiByte founder Jared Tate go on a Twitter tirade against Binance and Poloniex. We caught up with him to get an answer to a simple question: what’s the deal?
  
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• Iran President: We Need a Muslim Cryptocurrency to Fight the US Dollar

  19-12-2019 21:03
  
  Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar.
  
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• Bitcoin Price Reaches Fair Market Valuation, While Costs of Production Rise

  19-12-2019 21:01 via newsbtc.com
  
  Bitcoin price may be dropping deeper into a downtrend over the course of the last few months, but the first-ever cryptocurrency is actually much closer now to fair market value than it has been throughout the year.
  However, as Bitcoin price falls toward fair valuations, the cost of production rises exponentially, and may be part of the cause of the downtrend itself.
  Bitcoin Price Valued Fairly At Current Levels, According to New Data
  Chartered financial analyst and staunch Bitcoin supporter Timo
  
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• Should the Government Have a Say in Where You Can Invest?

  19-12-2019 21:00
  
  NLW discusses forthcoming changes to US accredited investor laws and looks at a trend of DeFi companies looking to become more decentralized in 2020.
  
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• France’s Financial Regulator Grants Country’s First Approval for an Initial Coin Offering

  19-12-2019 19:40 via cointelegraph.com
  
  France’s financial regulator approves the country’s first ICO
  
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• Why This Developer of the Controversial HEX Cryptocurrency – Accused of Scam – Left

  19-12-2019 19:00 via newsbtc.com
  
  The cryptocurrency market is has a wild west atmosphere, rife with hackers, cybercriminals, and scammers galore.
  The developer of a new altcoin project called HEX – accused of being a widespread scam – has now left the project and is sharing his thoughts about why he made the decision for a departure.
  HEX Developer Departs Cryptocurrency Project After Becoming Suspicious
  A new cryptocurrency known as HEX has exploded onto the scene over the last few weeks and was immediately subject
  
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• Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns

  19-12-2019 19:00 via newsbtc.com
  
  Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility. 
  Binance Account SuspendedTwitter user Catxolotl (@bittlecat) received a message from Binance Singapore informing them that their Bitcoin withdrawals were suspended due to “risk management.”
  The reason? The company believed the i
  
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• Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO’s Future

  19-12-2019 18:45
  
  Combined, the VCs have the second largest private stake in the MKR ecosystem.
  
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• Why Bitcoin Outperformed Gold by a Staggering 50% in 2019

  19-12-2019 18:32 via newsbtc.com
  
  2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st.
  Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst
  An interesting trend to watch this year has been gold’s strong price action, specifically the precious metal’s relation to moves in the stock market and also to Bitcoin.
  This trend may imply that gold will continue
  
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• Iran Wants to Create Crypto to Confront ‘Economic Hegemony’ of US

  19-12-2019 18:31 via cointelegraph.com
  
  Malaysia supports President of Iran’s idea of creating a Muslim cryptocurrency as a means to confront the economic dominance of the U.S.
  
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• MARKETS DAILY: Bullish Bitcoin Dreams and a 2019 to Remember

  19-12-2019 18:18
  
  
  Bitcoin's up more than 10%, but will it last? It's CoinDesk's Markets Daily.
  
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• Blockbuster or a Bust? Tickets Industry Lines Up Around the Blockchain

  19-12-2019 18:08 via cointelegraph.com
  
  Experts believe that blockchain should be kept in the background, as it helps to solve the ticketing industry’s issues
  
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• How Decentralized Tech Can End the Privacy Crisis in 2020

  19-12-2019 18:00
  
  If we’re not careful, blockchain will be remembered for perfecting the surveillance economy.
  
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• Bitcoin Solves This: Hong Kong Police Freeze $9M of Protesters’ Funds

  19-12-2019 18:00 via newsbtc.com
  
  Lacking any central authority for either issuance or custody, Bitcoin has often been described as resistant to confiscation. Recent news out of Hong Kong highlights the importance of such qualities, particularly in an increasingly divided world.
  Authorities in the Chinese Special Administrative Region have frozen almost US$9 million of donations received by protesters in Hong Kong. Cutting off financial aid in such a way is one of global authorities’ most effective ways to silence resistan
  
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• James Ferguson on Decentralized Gaming’s Next Moves

  19-12-2019 17:00
  
  James Ferguson, CEO of Immutable, doesn't think all games need to be on the blockchain, but it wouldn't hurt if they were decentralized.
  
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• Bitcoin Must Clear Multiple Resistance Levels Before It’s Out of The Woods

  19-12-2019 17:00 via newsbtc.com
  
  The leading crypto asset by market, Bitcoin, may have taken the first major step in staging a short-term reversal yesterday, after a successful $1,000 push from bulls put a stop to the continued downtrend.However, according to a prominent cryptocurrency analyst, Bitcoin is not yet “out of the woods” and must first clear five additional levels of key resistance before there’s any chance of continuation and further reversal.
  Bitcoin Price Must Breach Five Resistance Levels Before
  
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• As Bakkt Bitcoin Futures Hit ATH, BTC Jumped 11%. Coincidence?

  19-12-2019 16:57 via newsbtc.com
  
  Bakkt officially confirmed that its bitcoin futures volume achieved a new record high on December 19 at 6,226 contracts. In USD terms, that is about $44 million on a single day.Yesterday we set a new volume record:
  6,226 physically delivered Bakkt Bitcoin Futures contracts traded at ICE Futures U.S.
  — Bakkt (@Bakkt) December 19, 2019Around the same period, the bitcoin price spiked to more than $7,400 across major cryptocurrency exchanges like BitMEX and Binance.
  Was it a coincidence?
  On a
  
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• Thailand Integrates Blockchain to E-Visa System for Higher Security

  19-12-2019 16:18 via cointelegraph.com
  
  Five million Thailand visitors from 20 countries will soon be able to apply for Visa On Arrival using benefits of blockchain technology
  
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• Bitcoin Marks Biggest Daily Gain in 7 Weeks, And It Could End the Bear Market

  19-12-2019 16:17 via newsbtc.com
  
  A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks.
  Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange.
  The latest push upwards flashes an interim bullish setup.Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25.
  The leading cryptocurrency established an intraday high of $7,448.24 as of 2200 UTC. Notably, the move uphill came shortly after bitcoin had plunged to its
  
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• Is Blockchain the Shot in the Arm Healthcare Needs?

  19-12-2019 16:00
  
  Alex Cahana asks whether blockchain can make the medicine go down, in looking for solutions to today's healthcare industry.
  
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• Coinbase CEO Armstrong Wins Patent for Tech Allowing Users To Email Bitcoin

  19-12-2019 15:20
  
  Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally.
  
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• BitGo Asked for $15M to Support Bitcoin SV Cryptocurrency: Ayre

  19-12-2019 15:18 via newsbtc.com
  
  A digital asset storage company’s call to clients to sell their Bitcoin SV holdings has not sat well with the cryptocurrency’s most advent supporter.
  Calvin Ayre, the founder of crypto news portal CoinGeek.com, accused California-based BitGo of asking $15 million to support Bitcoin SV wallets on their platform. The 58-year old Canadian entrepreneur said he declined the company’s offer. Instead, he told them to “go f*** themselves.”
  Mr. Ayre also made uncivilized thr
  
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• Bitcoin Can Hit $250K in 2020, Reaffirms Tim Draper as Dominance Rises

  19-12-2019 15:14 via cointelegraph.com
  
  Bitcoin surprises yet again with a return to $7K zone — but for how long?
  
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• Paxful Reports Growth in Emerging Markets, Lead by Indonesia

  19-12-2019 15:04
  
  The exchange handled $1.6 billion in BTC trades so far this year.
  
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• Bitcoin Eyeing Strong Bearish Reversal, Predicts Top Analyst

  19-12-2019 14:50 via newsbtc.com
  
  Bitcoin is looking to undergo a strong price reversal to the upside, according to technical analyst Crypto Cred.
  The prominent crypto trader theorized his bullish sentiment based on a so-called “BTC Reversal Pattern Structure.” In a tweet published on Thursday, Cred showed bitcoin in three widely distanced yet identical price behaviors.
  Bitcoin S/R level formations as noted during Q1/2018 | Source: Crypto Cred
  In each setup, bitcoin formed a definite support/resistance range as shown
  
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• Monero Malware Botnet Lurks Behind Taylor Swift JPEGs

  19-12-2019 14:45 via cointelegraph.com
  
  The MyKings botnet is aggressively propagating Monero mining malware concealed behind online content that includes Taylor Swift photos, researcher say
  
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• Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

  19-12-2019 14:35 via cointelegraph.com
  
  Maker Foundation Sells $27.5 million MKR to Dragonfly Capital and Paradigm, driving DeFi adoption in Asia
  
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• Fidelity Exec Predicts Crypto Custodians Will White-Label Their Services

  19-12-2019 14:30
  
  Fidelity Digital Assets envisions a future where custodians work behind the scenes to store cryptocurrency for other firms’ clients, an exec said.
  
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• EY Releases New Version of Zero-Knowledge Proof Blockchain to Public Domain

  19-12-2019 14:16 via cointelegraph.com
  
  EY released a new iteration of its zero-knowledge proof blockchain tech to the public domain
  
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• Fidelity-backed Fireblocks In Talks With Potential Wall Street Clients Following EY Accreditation

  19-12-2019 14:00
  
  Enterprise-focused crypto transaction platform Fireblocks has passed an EY data security audit. Now it can seek clients in traditional finance.
  
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• Why This Billionaire Says Bitcoin Will Surge To $250k After The Halving By 2023

  19-12-2019 13:31 via newsbtc.com
  
  Venture capitalist Tim Draper has come out to say that Bitcoin will reach $250k by early 2023. His comments bring hopium at a time when investors are still smarting from what has been a testing period, these past few weeks.
  Bitcoin investors relieved
  Investors breathed a collective sigh of relief as Bitcoin managed to reverse the sliding trend. Currently, Bitcoin is trading at just above the critical $7k mark, having peaked at around $7.3k, before sellers showed up to drop the price.
  The reversa
  
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• Bitcoin Wealth Inequality Drops in 2019 Unlike Ether, Litecoin: Report

  19-12-2019 13:22 via cointelegraph.com
  
  Altcoins getting more unequal in terms of wealth, data shows as Bitcoin bucks trend
  
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• EY Open-Sources Tech It Says Slashes Cost of Private Ethereum Transactions

  19-12-2019 13:11
  
  Lowering the costs of private transactions in this way makes the public ethereum blockchain more competitive with private chains, EY says.
  
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• Hashpower Broker NiceHash Can’t Promise to Fully Reimburse Hack Losses

  19-12-2019 13:01 via cointelegraph.com
  
  Hashpower rental marketplace NiceHash has frozen its repayment program for users affected by a major hack in Dec. 2017 due to insufficient cash flow
  
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• Mind-Bending Narrative Shifts in 2019

  19-12-2019 13:00
  
  When it comes to crypto, narrative shifts represent shifts in mindshare. The most significant narrative of 2019? Digital currency wars.
  
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• KuCoin Adds Margin Trading for KCS with 10x Leverage

  19-12-2019 12:41 via newsbtc.com
  
  On December 19, 2019, KuCoin, an IDG-backed crypto exchange, announced that it will add KCS as the platform’s newest margin asset, supporting KCS/USDT trading pair with up to 10x leverage.
  As a popular feature on KuCoin, margin trading allows users to borrow more tokens by pledging a few tokens to make a long (buy) or short (sell) operation, so as to leverage a large number of funds using a smaller amount to earn more profits. Prior to KCS, KuCoin margin trading has supported Bitcoin (BTC)
  
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• Stratis Targets US-Based Firms with Newly Launched STO Platform

  19-12-2019 12:30
  
  The platform is planning to list GLU tokens as the first company.
  
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• Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst

  19-12-2019 12:20 via newsbtc.com
  
  Bitcoin saw quite the bout of volatility on Wednesday. Early in the morning, the cryptocurrency tanked, falling as low as $6,450 in a strong move lower, before rebounding to the upside.
  By the end of the day on Wednesday, the price of BTC had rallied as high as $7,300, surging by over 10% from its local bottom in the $6,400s on the back of seeming short covers and long-term investors buying the crypto dip.
  Related Reading: Bitcoin Jumps 10%, PlusToken Moves $100m of Ethereum; Can it End the Rall
  
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• Bitcoin Price Jumps 10%, But Bull Reversal Still $700 Away

  19-12-2019 12:08
  
  Bitcoin logged its biggest daily gain in seven weeks on Wednesday, neutralizing the bearish scenario.
  
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• Alrosa, Tencent, Everledger Bring Diamonds on the Blockchain to WeChat

  19-12-2019 11:39 via cointelegraph.com
  
  Russian diamond giant Alrosa, Tencent and Everledger partnered on a new blockchain-based e-commerce project for WeChat users
  
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• Is PlusToken Scam About to Dump ETH? $105M Moves to Unknown Wallet

  19-12-2019 11:35 via cointelegraph.com
  
  After allegations that PlusToken sell-offs were driving down Bitcoin price, Ether could be next after a new funds move
  
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• BitGo Warns Users to Withdraw Bitcoin SV Over Hard Fork Threat to Wallets

  19-12-2019 11:25
  
  A major code update for the cryptocurrency bitcoin SV will render some features of BitGo's wallets useless, the crypto custodian says.
  
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• BitMEX Liquidations Shows Why Bitcoin Abruptly Surged by $1,000 Overnight

  19-12-2019 11:08 via newsbtc.com
  
  Most of the liquidations that occurred on BitMEX on December 18 were short contracts. It shows that over-leveraged shorts were squeezed out, pushing the bitcoin price up so quick in a short time frame.
  70% of liquidations were shorts
  According to Skew Research, the overwhelming majority of bitcoin contract liquidations on BitMEX were shorts.
  The research firm said:
  “Not that many buy liquidations despite bitcoin jumping nearly $1,000 yesterday 70% of liquidations were SELL in last three da
  
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• Snowball: The Effort to Bring Privacy to Every Bitcoin Wallet

  19-12-2019 11:00
  
  A new Bluetooth-based tech could snowball into a way to create truly private transactions, its creator says.
  
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