Cryptocurrency news

• South Korea Drafting Legislation To Tax Individual Crypto Profits

  02-01-2020 23:06 via cointelegraph.com
  
  South Korea is working on legislation to tax crypto profits
  
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• Institutions Likely to Invest Big in Bitcoin in 2020; Here’s Why

  02-01-2020 23:00 via newsbtc.com
  
  In 2009, Satoshi Nakamoto launched Bitcoin as a seeming response to the 2008 Great Recession, during which banks and other financial institutions created an environment conducive to economic collapse. The pseudonymous coder’s intentions in launching Bitcoin was implied by a message they embedded in the header of the blockchain’s genesis block, which referenced a headline related to the then-ongoing recession.
  Regardless, analysts still expect 2020, the following 12 months, to see ins
  
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• 2019 in Review: Another Year of Highs and Lows for Crypto

  02-01-2020 23:00 via cointelegraph.com
  
  Cointelegraph explores the biggest stories over the last 12 months in this 2019 year review
  
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• Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving

  02-01-2020 22:40 via cointelegraph.com
  
  Cryptocurrency mining giant Bitmain is reportedly working to reduce its workforce by another 50 percent pending the BTC halving
  
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• Ethereum is In for a Big Drop, but the Rally That Follows Could Be Massive

  02-01-2020 22:00 via newsbtc.com
  
  After attempting to hold above $130 yesterday, Ethereum’s sellers were able to push it below this level, and it now appears that ETH is targeting its near-term support levels that exist at $125 and $120 respectively.
  One analyst is noting that ETH could soon see a bout of capitulation that leads it significantly lower, but this movement could be followed by an insane rally that allows the cryptocurrency to post massive gains, and this could happen relatively soon.
  Ethereum Breaks Below $13
  
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• Bitcoin Price Falls Below $7K But Bears Yet to Break Key Support Level

  02-01-2020 21:09 via cointelegraph.com
  
  Is Bitcoin heading back to $6.8K and below now that the $7K support has been broken?
  
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• ‘Relatively Quiet’ Bitcoin Year Still Sees $673 Billion in Transactions Completed

  02-01-2020 21:00 via newsbtc.com
  
  Despite the price of Bitcoin increasing more than 100 percent over the course of 2019, the year didn’t see quite the same fireworks as the previous two. Even without the heady highs of 2017 or the crushing lows of 2018, the network still processed transactions worth an impressive $673 billion.
  Although not a record yearly transaction volume, the figure is certainly impressive and shows that the network continues to expand. If Bitcoin processes $673 billion on a quiet year, what will it man
  
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• Senior Software Developer at Ripple Quits After 6.5 Years to Focus on Coil

  02-01-2020 20:55 via cointelegraph.com
  
  Ripple’s senior software developer is leaving the company to spend more time working on Coil
  
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• Guangdong Blockchain Financing Platform Aims to Help Small Business

  02-01-2020 20:29
  
  A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
  
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• Ubisoft Might Be The First Major Games Company To Geek Out Over Blockchain

  02-01-2020 19:46 via cointelegraph.com
  
  Ubisoft will serve as block producer for Ultra and its associated UOS blockchain
  
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• Bitcoin’s Next Move Expected To Be Aggressive As Volatility Wanes

  02-01-2020 19:00 via newsbtc.com
  
  As Bitcoin’s downtrend begins to run out of steam and selling momentum, the first-ever crypto asset has been trading within an increasingly tightening trading range, between lows or $6,400 to highs of $7,600.
  But as volatility disappears from the cryptocurrency market, the next move, while not necessarily near, will be an extremely aggressive one according to one outspoken crypto analyst and trader.
  Volatility Disappears From Crypto Market As Traders Await Direction Decision
  Bitcoin price
  
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• Bitcoin Price Falls Below $7,000, Another Retest of Lows Ahead?

  02-01-2020 18:37 via newsbtc.com
  
  After Bitcoin price swept lows right before the Christmas holiday, many crypto traders thought that the bottom was in across the crypto market, and Bitcoin would head into the New Year with renewed bullish momentum.
  But after days of struggling to breach resistance, the crypto asset has now fallen below $7,000 once again and is at risk of setting a new local low. When will the crypto asset’s downtrend finally come to an end, and the next bull market begin?
  Bitcoin Price Breaks Below $7,000
  
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• XRP Kicks Off Another Year Of Decline With Potential Bear Pennant Breakdown

  02-01-2020 18:00 via newsbtc.com
  
  XRP, the cryptocurrency often referred to as Ripple, is the third-largest crypto, yet it was one of the year’s worst performers in terms of the top ten cryptocurrencies by market cap. It not only closed the year at a loss but also set a new, fresh, bear market low during the course of the last year of price action.
  This year, the losses look to continue right out of the gate, as XRP appears ready to break down from a two-week-long bear pennant, driving the price of the controversial crypto
  
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• Carnegie Mellon University Sees $4M Pledge to Develop DeFi Research Program

  02-01-2020 17:54 via cointelegraph.com
  
  A former MakerDAO contributor has committed $4 million in MKR to Carnegie Mellon toward the university’s already-significant work within decentralized finance
  
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• MARKETS DAILY: Central Bank Digital Currencies and US Dollar Dominance in 2020

  02-01-2020 17:51
  
  
  With 2019 vanishing in the rear view mirror, Markets Daily is back for an insightful look into the trends that are already shaping this new decade.
  
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• Sterling Bank Co-Founder’s Crypto Bank to Hit the Market This Month

  02-01-2020 17:40
  
  The services will be limited to UK-residents initially.
  
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• Ethereum Could Soon Pump 100% To $260, According to Analysts

  02-01-2020 17:05 via cointelegraph.com
  
  Could ETH see a 100% surge back up to $260 in the next couple of months?
  
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• Elliott Wave Theory Suggests Bitcoin May Be Due For Biggest Correction Yet

  02-01-2020 17:00 via newsbtc.com
  
  Elliott Wave Theory is just one of many tools cryptocurrency analysts and Bitcoin traders use to help them predict future market movements and gain a competitive edge.
  According to the commonly used technical analysis principle, Bitcoin could be due for its biggest correction yet – one that will take the crypto industry by surprise and cause mass capitulation.
  Elliott Wave Theory Explained
  In the early 1900s, professional accountant Ralph Nelson Elliott discovered that market prices move w
  
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• ‘Cryptocurrency Will Not Die’: Mainstream Media on Bitcoin in 2019

  02-01-2020 16:55 via cointelegraph.com
  
  Donald Trump, Libra and “boring prices”: Here’s the roundup ofmainstream media’s crypto coverage in 2019
  
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• Why the Fed Needs to Start Issuing Digital Dollars

  02-01-2020 15:30 via cointelegraph.com
  
  Issuing a national digital currency could prevent losing the economic war with China
  
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• Muir Glacier: Ethereum Hard Forks for Second Time in One Month

  02-01-2020 15:03
  
  With the mining of block 9,200,000, ethereum's Muir Glacier upgrade has been implemented. The block was mined today at 8:30 UTC.
  
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• Ledger Wallet User Allegedly Lost $16K to Malicious Browser Extension

  02-01-2020 14:57 via cointelegraph.com
  
  Ledger hardware wallet confirms phishing alert for “Ledger Secure” Chrome browser extension
  
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• Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020

  02-01-2020 13:50 via cointelegraph.com
  
  Ziglu, from former Starling Bank exec, promises to be the next step in crypto banking integration
  
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• Join CoinDesk At CES Next Week

  02-01-2020 13:42
  
  Join us on January 8 for a CoinDesk OnTap meetup in Las Vegas.
  
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• Researchers Explain How Blockchain Can Innovate Green Energy Markets

  02-01-2020 13:35 via cointelegraph.com
  
  ESRI researchers say blockchain and smart contracts can be used to design an effective forward trading system for the renewable energy market
  
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• Google Restores MetaMask Client After ‘Careful Consideration’

  02-01-2020 13:10
  
  The company previously banned the app citing violations of its financial services policy.
  
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• Why Bitcoin’s Hash Rate High Suggests Price Explosion On Horizon

  02-01-2020 13:00 via newsbtc.com
  
  Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s, leading some to suggest that another leg lower is possible.
  But it seems that the cryptocurrency and the ecosystem surrounding it want to start off 2020 with a bang.
  Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish For the Crypto Market
  
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• Andreessen Horowitz: Bitcoin Will Usher in ‘Influencer Coins’ by 2030

  02-01-2020 12:38 via cointelegraph.com
  
  VC firm Andreessen Horowitz predicts that Bitcoin is likely to be central to online monetization in the 2020s
  
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• IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data

  02-01-2020 11:51 via cointelegraph.com
  
  The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis
  
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• Ethereum Completes Muir Glacier Hard Fork But Leaves One Client Behind

  02-01-2020 11:08 via cointelegraph.com
  
  Muir Glacier hard fork goes live on Ethereum mainnet, but not everyone is ready
  
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• Capitulation In Crypto Market Hasn’t Occurred Yet, Data Shows

  02-01-2020 11:00 via newsbtc.com
  
  If you were trading Bitcoin or other crypto assets in late-2018, you likely remember the word “capitulation” mentioned time and time again. Why? well, after trading at $6,000 for months on end, BTC traders finally capitulated in November, resulting in the price of the leading cryptocurrency collapsing from $6,000 to $3,150 in four weeks’ time. This was the 2018 bear market’s capitulation moment.
  Related Reading: Why a Fund Manager Thinks Bitcoin Will Rally 25% to $9,
  
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• South Korea Won’t Tax Crypto Profits

  02-01-2020 10:51
  
  A lack of definition of “virtual currencies” in the country's law has made it difficult to properly tax the earnings.
  
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• South Korea Exempts Taxation on Crypto Profits

  02-01-2020 10:51
  
  Lack of definition of “virtual currencies” in law has made it difficult to properly tax the earnings.
  
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• Google Play Lifts Ban on Ethereum Browser Extension MetaMask

  02-01-2020 10:19 via cointelegraph.com
  
  MetaMask has been restored to the Google Play Store after a week-long ban
  
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• Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record

  02-01-2020 10:14 via cointelegraph.com
  
  Bitcoin continues to dispel concerns over price as the network hash rate becomes stronger than ever before
  
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• Friendly Fraud and the Failure of Chargeback Protections

  02-01-2020 09:30 via cointelegraph.com
  
  Cryptocurrency payments provides solutions for financial information to be more transparent and secure
  
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• Tether Has Been Below $1 For Six Months, And Its Bearish For Bitcoin

  02-01-2020 09:00 via newsbtc.com
  
  Bitcoin has managed to hold above the $7,000 level until the end of the year but could turn bearish in the short term the new year begins. Tether price action has been weak since July 2019 and it is not a good sign for BTC.
  USDT and Bitcoin Demand Correlation
  Tether has always been a point of contention in the crypto community. It has provided massive liquidity for markets but has also been the subject of disparagement for the potential to manipulate prices and fake Bitcoin demand.
  It has been o
  
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• ‘Cryptocurrency Will Not Die’: Mainstream Media on Bitcoin in 2019 - Cointelegraph

  02-01-2020 09:00 via cointelegraph.com
  
  ‘Cryptocurrency Will Not Die’: Mainstream Media on Bitcoin in 2019  Cointelegraph
  
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• Ethereum Hard Fork Is Imminent and It’s a Key Step for Shift to PoS

  02-01-2020 08:00 via newsbtc.com
  
  The world’s second largest crypto asset has had a pretty dismal year, ending it almost 7% lower than it began 2019. Ethereum fundamentals have not really faltered though and an impending hard fork is another step in upgrading the platform.
  Ethereum Muir Glacier Imminent
  According to the countdown the hard fork will be imminent by the time you read this. Muir Glacier will apply EIP 2384 to extend the Ethereum Ice Age by delaying the difficulty bomb.
  In short, the mechanism maintains an aver
  
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• China Brings Law to Categorize Crypto Passwords Ahead of CBDC Launch

  02-01-2020 07:44
  
  The PBoC is set to initiate the trial of digital yuan with its partners.
  
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• Bitcoin & Crypto Market Signaling Downsides: BCH, XLM, EOS, TRX Analysis

  02-01-2020 07:00 via newsbtc.com
  
  The total crypto market cap is declining and it is below the $185.0B support.
  Bitcoin price is struggling to climb above $7,300 and it might decline below $7,000.
  BCH price is testing the $200 support and it could continue to slide.
  EOS price failed to stay above $2.600 and it is likely moving towards $2.500.
  Stellar (XLM) price is now well below $0.0455 and it is showing bearish signs.
  Tron (TRX) price is likely to break the key $0.0130 support in the near term.Bitcoin (BTC) and the crypto mark
  
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• Crypto On-Ramps like Plutus and Their Role in Mass Adoption

  02-01-2020 06:56 via newsbtc.com
  
  The technology behind Bitcoin – blockchain – has been around for a decade now. It was not until 2013 that developers and tinkerers started playing with Bitcoin’s code and created various projects resulting in thousands of ‘altcoins’ by 2017.
  Today, blockchain has been applied in various industries from Healthcare to The Internet of Things (IoT). Various projects are trying to address different inefficiencies using this technology. Enabling trustless transactions at
  
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• Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

  02-01-2020 06:28 via newsbtc.com
  
  Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.
  The price is currently declining and it remains at a risk of more downsides below $7,000.
  There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  Ethereum is also struggling below $132, but it is likely to bounce back as long as it is above $120.Bitcoin price is showing a few bearish signs below $7,300 and $7,260 against the US Dollar. BT
  
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• Ripple (XRP) Bulls Aim Larger Breakout Above $0.20

  02-01-2020 05:28 via newsbtc.com
  
  Ripple price is consolidating above the $0.1850 and $0.1880 support levels against the US dollar.
  XRP could start a larger rally if it clears the main $0.2000 resistance area.
  There is a major breakout pattern forming with resistance near $0.1930 on the hourly chart of the XRP/USD pair (data source from Kraken).
  Conversely, the pair might collapse if it breaks the $0.1850 support area.Ripple price seems to be preparing for a larger breakout against the US Dollar, similar to bitcoin. XRP price mu
  
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• Privacy Coins in 2019: True Financial Freedom or a Criminal's Delight?

  02-01-2020 04:30 via cointelegraph.com
  
  Privacy coins have earned a certain stigma due to the anonymity they provide, but what were these cryptocurrencies truly used for in 2019?
  
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• Ethereum (ETH) Price Primed For More Upsides Unless It Breaks $120

  02-01-2020 04:29 via newsbtc.com
  
  Ethereum is currently trading in a range below the $130 and $132 resistances against the US Dollar.
  The price is likely to bounce back as long as it is trading above the $120 support.
  There is a major bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken).
  ETH could spike towards the $120 support before it starts a real upward move.Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH price remains well supported
  
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• Why Bitcoin Price Could See Strong Bounce In Early 2020

  02-01-2020 02:00 via newsbtc.com
  
  Over the past few weeks, Bitcoin (BTC) has settled in and around the key $7,000 support level. Although some say that this price action is eerily reminiscent of that seen prior to 2018’s capitulation event, during which the price of the leading cryptocurrency tanked from $6,000 to $3,000 after consolidating for months on end, analysts say that the price of Bitcoin is readying for a strong bounce in the upward direction.
  Related Reading: Bitcoin Poised to Collapse Under $5,000? Market
  
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• XRP’s Fundamental Strength May Spell Trouble for What’s to Come in 2020

  02-01-2020 00:00 via newsbtc.com
  
  XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.
  This bearishness may spill over into 2020, as the cryptocurrency’s fundamental strength is incredibly weak at the moment and could lead the crypto to see significantly further downside in the near-term.
  XRP Facing Significant Controversy
  
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• Key Players in Crypto and Blockchain Share Their New Year’s Wish for 2020

  02-01-2020 00:00 via cointelegraph.com
  
  Leaders in the blockchain and cryptocurrency space share their New Year’s wish for the industry
  
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