Cryptocurrency news

• $7,700 to $7,200: Here’s What Bitcoin’s Rejection Says About Its Market Structure

  24-12-2019 23:55 via newsbtc.com
  
  Bitcoin has been facing some turbulent price action over the past several days and weeks, surging to highs of $7,700 this past weekend before hitting a region of resistance that has sparked a firm short-term downtrend that has led BTC down to its support in the lower-$7,000 region.
  This recent downtrend has shown few signs of letting up as bull’s recently found strength appears to be faltering, which has led multiple analysts to believe that further losses are imminent for the crypto.
  Bitc
  
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• Why Bitcoin Price Could Surge 18% By the End Of the Week

  24-12-2019 22:30 via newsbtc.com
  
  Bitcoin’s precipitous drop to $6,600 seen last month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.
  Related Reading: High Likelihood Bitcoin Bottom Came In at $6,400; Here’s Why
  Though, one trader has been calling the moves all along, using a lesser-known and slightly unorthodox method o
  
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• Torus Encourages Users To Test Their Wallet By Sending Ethereum Via Reddit

  24-12-2019 22:10 via cointelegraph.com
  
  Torus lets users test their wallet by sending ETH to their Reddit or Google email accounts
  
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• Bitcoin’s Drop Has Put Bulls on the Defensive; Here’s What May Spark a Further Sell Off

  24-12-2019 22:00 via newsbtc.com
  
  Bitcoin’s recent bullishness has been thwarted by bears who have attempted to push the cryptocurrency back down to its support within the lower-$7,000 region, and it is imperative for bulls to support BTC above this region if they want to further extend their upwards momentum.
  Analysts are noting that Bitcoin’s current market structure does appear to favor bulls, and an unfilled gap on the crypto’s CME future’s chart may signal that further losses are imminent for the emb
  
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• American Cancer Society Now Accepting Bitcoin Donations Through BitPay

  24-12-2019 21:15
  
  “Our mission is urgent and in order to accomplish it, we need to engage donors where they are.”
  
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• Meltem Demirors on Government Digital Currencies and Why ‘The Halvening’ Gets Weird

  24-12-2019 21:00
  
  Why the narrative of 2019 was the emergencies of Central Bank Digital Currencies and why the halvening won’t go as people expect
  
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• Anti-Bank Sentiment Grows Louder in Hong Kong, Does Bitcoin Stand to Benefit?

  24-12-2019 21:00 via newsbtc.com
  
  Following the recent freezing of around US$9 million of donations to the Hong Kong protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.
  The most recent manifestation of the ongoing civil disobedience has seen thousands of individuals take to the street to object to the freezing of funds donated to the movement. Further angering the peop
  
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• High Likelihood Bitcoin Bottom Came In at $6,400; Here’s Why

  24-12-2019 19:47 via newsbtc.com
  
  Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.
  Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern
  Analysts have understandably divided over the question, as the correct answer would show in which direction Bitcoin will head for the next couple of months. Per a continually-g
  
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• Paraguay Audits Local Crypto Industry to Prepare for FATF-Style Regulations

  24-12-2019 19:45
  
  Paraguay has conducted a mass audit of local cryptocurrency businesses, paving the way for the country’s first virtual asset regulations in 2020.
  
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• Redditor Creates BTC-Themed Game as Holiday Gift for Crypto Community

  24-12-2019 18:22 via cointelegraph.com
  
  Redditor creates a new Bitcoin survival game that lets players stand against crowds of shills shouting, “Check my grandma's ICO”
  
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• MARKETS DAILY HOLIDAYS: Get Yourself a Little Bit of Bitcoin

  24-12-2019 18:00
  
  On today's holiday episode of Markets Daily, we're joined by John Barrett for a holiday classic.
  
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• BitMEX Research Predicts Bitcoin Trading Between $2K and $15K in 2020

  24-12-2019 18:00 via newsbtc.com
  
  BitMEX is currently the dominant trading platform across the cryptocurrency market, and often speaks to or makes predictions about the state of Bitcoin with enough authority that people do indeed listen up intently.
  They’ve even made some accurate predictions about Bitcoin price in the past, and are now predicting that the leading cryptocurrency by market cap will not set a new all-time high in 2020, and will trade no lower than $2,000 but not higher than $15,000 during the new year.
  BitME
  
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• Bomb Threats Demanding Bitcoin Force Evacuations Across Russia

  24-12-2019 17:45
  
  Someone has been sending bomb threats across Russia for a month, demanding $870,000 worth of bitcoin supposedly stolen from the defunct cryptocurrency exchange WEX.
  
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• Amir Taaki’s Ongoing Crypto Revolution

  24-12-2019 17:30
  
  An early bitcoin pioneer discusses the delisting of privacy coins, ethereum's "capture," and why Brexit and Steve Bannon are "good things."
  
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• Bitcoin Pulls Back Down Into Futures Gap, But Is It Too Early for $8K?

  24-12-2019 17:22 via cointelegraph.com
  
  Bitcoin price is showing signs of a macro trend reversal but another dip to $6.8K shouldn’t be ruled out
  
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• Spot Versus Tether Exchanges: Can Bitcoin Price Itself Be a Buy or Sell Signal

  24-12-2019 17:00 via newsbtc.com
  
  Could the price difference between Bitcoin price on spot platforms like Coinbase and Tether-based platforms like Binance offer investors insight into if the crypto asset is currently a buy or a sell?Data from past price action suggests its possible, and could even be an accurate signal for traders to follow.
  Bitcoin Price Buy and Sell Signals Based on Exchange Spread
  Throughout Bitcoin’s recent transition from bear market into bull market, then back into bearish price action, the market ha
  
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• Hedera Hashgraph Asks Investors to Wait Longer for Tokens After Price Crash

  24-12-2019 17:00
  
  Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.
  
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• BNB/ETH Trading Pair Added to Binance DEX

  24-12-2019 16:36 via cointelegraph.com
  
  ETH added to Binance DEX
  
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• Rakuten Customers Can Use Their Loyalty Program Points to Buy Crypto

  24-12-2019 15:48 via cointelegraph.com
  
  Japanese retail giant Rakuten now lets its customers convert Rakuten Group’s loyalty points to major cryptocurrencies like Bitcoin
  
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• Chinese Internet Giant Tencent to Launch Digital Currency Research Team

  24-12-2019 15:30
  
  Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.
  
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• Korean Stablecoin Cryptocurrency Used at Major Stores Sees Massive Spike in Volume

  24-12-2019 15:29 via newsbtc.com
  
  Korean stablecoin, Terra saw a massive spike in volume yesterday, up 280% on the previous day. And, as a cryptocurrency that sells itself as a payment system, this may well hint at the burgeoning acceptance of crypto as money.Winter is here and ecommerce volumes are through the roof. @terra_money saw 11 BILLION KRT (korean won pegged stablecoin), roughly valued at 10M USD yesterday. 17.4% annualized staking return from tx fees as a result! pic.twitter.com/19jgJRroQI
  — Do Kwon (@d0h0k1) Dec
  
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• 2019: The Year in Altcoins, and the Year Ahead

  24-12-2019 15:25
  
  Crypto markets saw a resurgence of new life this year after downturns in 2018--but investors are more world-weary than before.
  
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• Chinese FX Regulator to Expand the Scope of Its Blockchain Pilot

  24-12-2019 14:10
  
  The platform is still in the pilot stage and is operational in 19 cities and provinces.
  
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• Looking Backward to Build the Future: How Academia Is Shifting Its Blockchain Focus

  24-12-2019 14:00
  
  Reuben Youngblom interviews academics working to educate the next generation of crypto designers and developers.
  
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• Securities Regulator Says Crypto Investments Are Top Investor Threat in 2020

  24-12-2019 13:49 via cointelegraph.com
  
  Crypto-related investments are among the top five investor threats for 2020 according to the oldest international investor protection organization, the NASAA
  
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• Crypto YouTubers Allege Platform Is Censoring Their Content

  24-12-2019 13:23 via cointelegraph.com
  
  YouTube is allegedly removing crypto-related content from channels due to purported violations of community guidelines
  
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• Hedera to Compensate Investors That Lock Tokens With More Crypto

  24-12-2019 13:09 via cointelegraph.com
  
  Hedera investors that bought HBAR tokens will be compensated if they further lock their crypto assets
  
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• Best Performing Cryptos of 2019 Not Named Bitcoin

  24-12-2019 13:04 via cointelegraph.com
  
  These are the cryptocurrencies — barring Bitcoin — that had the best financial performance this year
  
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• 10 Best Performing Cryptos of 2019 Not Named Bitcoin

  24-12-2019 13:04 via cointelegraph.com
  
  These are the cryptocurrencies — barring Bitcoin — that had the best financial performance this year
  
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• Why Ethereum Could Rally by Over 100% Against Bitcoin: Analyst

  24-12-2019 13:00 via newsbtc.com
  
  Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this trading pair.
  Related Reading: XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds
  Ethereum/Bitcoin Could Surge 100%, Analyst Says
  According to a trader, the chart of
  
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• Crypto Scams Top NASAA’s Emerging Investor Threats in 2020

  24-12-2019 12:14
  
  The regulator says cryptocurrencies may be nothing more than “public facing fronts for Ponzi schemes and other frauds.”
  
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• Out of the Ashes: Four Trends to Shape Crypto in 2020

  24-12-2019 12:00
  
  The evolution of digital asset markets over the past year has gone far towards consolidating mainstream foundations.
  
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• Forex Reforms Will ‘Deal With Cryptocurrency,’ Says Chinese Government

  24-12-2019 11:28 via cointelegraph.com
  
  New forex reforms in China will reportedly deal with the country’s cryptocurrency policy as well
  
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• Greek Court Suspends Decision to Extradite Alleged Crypto Criminal

  24-12-2019 11:09 via cointelegraph.com
  
  A top Greek court has reportedly suspended the decision to extradite Alexander Vinnik, who is accused of laundering billions through crypto exchange BTC-e
  
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• Rakuten Wallet Enables Loyalty Points Conversion into Crypto

  24-12-2019 09:48
  
  The points can be exchanged for BTC, BCH, and ETH.
  
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• Bloomberg Host Bashes Bitcoin Stock to Flow Price Prediction Model

  24-12-2019 09:00 via newsbtc.com
  
  There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.
  Bitcoin S2F Prediction Model ‘Nonsense’
  According to economics reference materials, stock to flow is defined as a relationship between production and current stock of a commodity
  It has gained a following in the crypto community as a measure of future Bitcoin p
  
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• Tencent to Form a Digital Currency Research Group: Report

  24-12-2019 08:44
  
  It is in the process of recruiting the head of the research group.
  
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• Ethereum Dumps Again, Will Another Upgrade Effect ETH Prices?

  24-12-2019 08:00 via newsbtc.com
  
  Fundamentally Ethereum has had a solid year. Granted, development has been a little delayed with certain aspects but it is the largest dApp and smart contract platform in the world so this is to be expected. Another hard fork is due in less than two weeks, but will ETH prices finally react?
  Ethereum Dumps Again
  Crypto markets have taken another hit today and as usual Ethereum has taken more punches than the rest. According to Tradingview.com ETH has slid from $135 back into the $125 region in a
  
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• Crypto Asset Broker BitOoda Secures $8 Million for Global Expansion

  24-12-2019 07:19
  
  The firm is eying to expand in Asia and Europe.
  
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• Bitcoin Trading Near Make-or-Break Levels, 100 SMA Holds Key

  24-12-2019 07:00 via newsbtc.com
  
  Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.
  The price is now trading below $7,400 and it declined close to the $7,260 support area.
  Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair must stay above the $7,120 support to avoid a bearish reversal in the near term.Bitcoin price is back to the key $7,200 support area against the US Dollar.
  
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• Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls

  24-12-2019 05:28 via newsbtc.com
  
  Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.
  Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.
  Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source from Kraken).
  There is a risk of more downsides below the $0.1900 support levels in the near term.Ripple price is showing bearish signs below $0.1920 against the US
  
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• Ethereum Down 5%, But Market Sentiment Is Still Positive

  24-12-2019 04:45 via newsbtc.com
  
  Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.
  The price is currently testing the $125 and $126 support levels, with a positive bias.
  Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data feed via Kraken).
  Bitcoin is down around 4% and it is now trading below the $7,400 level.Ethereum price is back to a key support zone versus the US Dollar and bitcoin. ETH price must stay above the $125 suppo
  
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• China Issuing Bonds on Blockchain Is a Sign of What’s to Come

  24-12-2019 04:30 via cointelegraph.com
  
  No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows
  
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• Chinese Internet Giant Tencent Plans to Create Digital Currency Research Group

  24-12-2019 03:00 via cointelegraph.com
  
  Internet giant Tencent is planning to create a digital currency research group to further advance blockchain research projects
  
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• $7,700 to $7,300: Where Bitcoin Is Heading After Violent Rejection

  24-12-2019 02:30 via newsbtc.com
  
  Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week.
  This momentum led BTC as high as $7,700 today before it was met with significant resistance that led its price reeling back down to the lower $7,000 region, although analysts expect this movement to be fleeting and followed by an extension of this newfound upwards momentum.
  Bitcoin Drops t
  
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• Same Bitcoin Price Signal That Preceded 330% Jump Flashes Again

  24-12-2019 01:30 via newsbtc.com
  
  After months of brutal downtrend, it seems that bulls are returning to the Bitcoin (BTC) market. Since the leading cryptocurrency hit $6,400 earlier this month, bulls have taken control of the asset, pushing it from those multi-month lows to as high as $7,700 just this morning prior to a 4% drop.
  Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish Signs
  While some argue that it is too early to tell whether or not the macro trend is turning bullish, a k
  
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• Central Bank of China Official Says Digital Yuan Will Be Different From Bitcoin

  24-12-2019 00:55 via cointelegraph.com
  
  An official at China’s central bank says that the digital form of the yuan will be different from Bitcoin and stablecoins
  
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• Confirmed: BitPay Experienced 3-Hour Bitcoin Payment Outage

  24-12-2019 00:41 via cointelegraph.com
  
  BitPay Support confirmed that BitPay had a 3-hour outage of Bitcoin payments on Dec. 22
  
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• XRP Poised for a Bigger Loss Despite Ripple’s Mammoth $200M Funding Round

  24-12-2019 00:00 via newsbtc.com
  
  XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.
  Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term, with one analyst noting that it is showing extreme weakness against both USD and BTC.
  XRP Struggles to Climb Above $0.20 Despite Strength in Aggre
  
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