Cryptocurrency news

• Analyst Who Predicted Bitcoin’s $3,000 Bottom & More Thinks This Is Next

  12-03-2020 23:00 via newsbtc.com
  
  Analysts in the Bitcoin market are dime a dozen, but good analysts are hard to come by. One of these “good” analysts is PenarthUdi — a pseudonymous TradingView user who few know nothing about, other than the fact that his calls have been amongst some of the most accurate in the industry.
  In December 2018, he made the linked infamous call on TradingView, on a chart depicting that he expected for Bitcoin to bottom around $3,000 by the end of 2018, then rally to a price between $1
  
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• US State Reps Submit Bill Spurring Blockchain Innovation in Rhode Island

  12-03-2020 22:07 via cointelegraph.com
  
  Rhode Island state representatives introduce a new motion to further blockchain adoption
  
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• Makeup Mogul Michelle Phan’s Coronavirus Strategy Is Educate and HODL Bitcoin

  12-03-2020 22:05
  
  Although the coronavirus-induced economic slowdown is hitting every sector, beauty mogul Michelle Phan has a plan.
  
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• Australia: Tax Agency to Contact 350,000 Cryptocurrency Holders Concerning Tax Obligations - BTCMANAGER

  12-03-2020 22:02 via btcmanager.com
  
  Australia: Tax Agency to Contact 350,000 Cryptocurrency Holders Concerning Tax Obligations  BTCMANAGER
  
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• Ethereum Just Reached a Level That it Can’t Afford to Lose, Creating Massive Network Congestion

  12-03-2020 22:00 via newsbtc.com
  
  Today has been a bloodbath for Ethereum (ETH) and the aggregated cryptocurrency market, with Bitcoin’s overnight drop below $7,700 catalyzing a massive selloff that has led virtually all digital assets to plummet 20% or more.
  Ethereum is now nearing a critical support level that bulls must defend if they want to guard against further losses, as a break below this single level could prove to be devastating for the cryptocurrency.
  This dire price action has come about as the ETH network face
  
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• DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH — For Now

  12-03-2020 21:50 via cointelegraph.com
  
  DeFi giant MakerDAO struggles to keep up with tanking Ether price, but developers are avoiding shutdown for now
  
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• Binance Doubles ETH Withdraw Fees, Firing Up Crypto Traders

  12-03-2020 21:42 via cointelegraph.com
  
  Binance doubles ETH withdrawal fees, blaming network congestion. Crypto traders are vocally displeased
  
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• In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

  12-03-2020 21:09
  
  Excerpt:
  The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.
  
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• Amid Market Downturn, Number of People Owning 1 BTC Hits New Record

  12-03-2020 20:58 via cointelegraph.com
  
  Amid the ongoing market bloodpath, the number of people hodling one Bitcoin or more hits another historic record
  
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• US Fed Unveils $1.5T Rescue Injection But Will Bitcoin Price Rebound?

  12-03-2020 20:47 via cointelegraph.com
  
  Bitcoin price dropped to $5,500 as the bears tighten their grip on traditional markets and further downside is likely
  
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• Two Chinese Nationals Charged with Money Laundering Over $100 Million in Cryptocurrency for North Korea - JD Supra

  12-03-2020 20:40 via jdsupra.com
  
  Two Chinese Nationals Charged with Money Laundering Over $100 Million in Cryptocurrency for North Korea  JD Supra
  
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• $135B Injection from European Central Bank Dwarfs BTC Market Cap

  12-03-2020 20:35 via cointelegraph.com
  
  Following similar efforts from the U.S., the ECB plans to inject $25 billion more than Bitcoin’s entire market cap into finance
  
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• Record-Breaking Bitcoin Volume On Binance Points to Possible Capitulation and Bottom

  12-03-2020 20:30 via newsbtc.com
  
  Bitcoin did the unthinkable early this morning and lost support at $7,500, causing the cryptocurrency to plunge to $5,800 in a 30-minute long hell candle.
  The sell0ff driven by growing coronavirus and recession fears, has led to the highest level of Bitcoin trading volume on Binance ever recorded. This could indicate that the latest move may have caused extreme capitulation amongst crypto investors, which oftentimes is a signal that the bottom is now in.
  Binance Reaches Record High Trading Volum
  
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• AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy

  12-03-2020 20:25 via cointelegraph.com
  
  The 2017 AsicBoost controversy has now become irrelevant as it gains adoption
  
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• Cash Is the New Safe Haven as Crypto, Gold Continue to Tank

  12-03-2020 20:04
  
  It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn in the face of a pandemic and "apocalyptic" market turmoil.
  
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• Silver, Gold and Bitcoin: Even Safe Haven Assets Cannot Withstand The Coronavirus

  12-03-2020 20:00 via newsbtc.com
  
  When a crisis hits, investors move their capital into safe-haven assets like gold and silver. Bitcoin shares similar attributes as these precious metals, and a growing narrative suggesting it too will become a safe haven asset like gold has followed the asset over the last two years.
  However, growing fears and concerns over the coronavirus reaching pandemic status, and the impact it is having on the economy and humanity itself, has caused even the strongest of safe-haven assets to collapse. And
  
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• Mass Surveillance Threatens Personal Privacy Amid Coronavirus

  12-03-2020 20:00
  
  The extreme surveillance measures taken to address COVID-19 are not normal or inevitable.
  
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• 6 Good Reasons for Bitcoin HODLers to Stay Calm

  12-03-2020 20:00
  
  From today’s buy order activity to bitcoin’s historic ability to bounce back after being pronounced dead, a few calming notes in a day of chaos.
  
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• DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

  12-03-2020 19:40
  
  A large drop in the price of ether (ETH) is testing the feasibility of Ethereum's entire system of lending and borrowing.
  
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• Fintech in the United Kingdom After Brexit

  12-03-2020 19:16 via cointelegraph.com
  
  Post-Brexit world: The end of European citizens’ free movement into Britain could dramatically change the region’s fintech ecosystem
  
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• Top Analyst Claims the Bitcoin Bottom is Close; Here’s the Trend to Watch For

  12-03-2020 19:00 via newsbtc.com
  
  Bitcoin (BTC) saw an unprecedented selloff today that led it to plummet to fresh yearly lows of $5,200, which is where it was able to find some support that has since led its price to rebound back up to the $6,000 region.
  This intense selloff was extraordinary and has sparked extreme fear amongst cryptocurrency investors, although it is important to keep in mind that the crypto is only trading slightly below where it was just three months ago.
  One top analyst is now noting that Bitcoin cold be i
  
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• Price Analysis Mar 12: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

  12-03-2020 18:51 via cointelegraph.com
  
  Cryptocurrency prices continue to plummet as traditional markets enter a bear market, but are the current price levels good entry points?
  
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• Crypto-powered Sheep Feeding Channel Raises Money for a Good Cause

  12-03-2020 18:43 via cointelegraph.com
  
  A small family farm in the Czech Republic has set up a 24-hour stream that lets viewers donate cryptocurrencies to feed a flock of sheep in real-time
  
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• Rare Bitcoin Price Chart Pattern May Be the Cryptocurrency’s Last Hope

  12-03-2020 18:30 via newsbtc.com
  
  The entire market is in complete panic and despair, and cryptocurrency holders that just watched Bitcoin price collapse back to levels not seen since a year ago are ready to capitulate and give up on the emerging asset for good.
  However, this latest drop, as frightening as it may be, could be the last pitstop in a massive bullish pattern that has been forming over the last year of price action Bitcoin. This formation could very well be Bitcoin’s last hope of overcoming the coronavirus and
  
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• IADB: Blockchain Technology Program Aims to Fight Violence Against Women and Children

  12-03-2020 18:26 via cointelegraph.com
  
  The Inter-American Development Bank looks forward to funding Blockchain projects that fight violence against minorities in Latin America
  
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• Enjin Courts Blockchain Game Developers With Multiverse Program

  12-03-2020 18:05 via cointelegraph.com
  
  Enjin’s multiverse supports tokenized in-game items that can be bought, sold, and traded by players, or used across multiple games
  
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• US Charges Dutch National With Running Crypto-Funded Child Porn Site

  12-03-2020 18:02
  
  U.S. officials allege a Dutch national referred to as “Michael R.M.” made $1.6 million in bitcoin by operating a rape and child pornography website for the last eight years.
  
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• XRP on Life Support: Rebound Soon or Risk Further Drop to 5 Cents

  12-03-2020 18:00 via newsbtc.com
  
  XRP has had among the most bullish looking charts out of any other cryptocurrency, and past performance suggests the asset could be ready for a massive breakout.
  However, the coronavirus has caused the asset to collapse and is now resting on life support that if for some reason doesn’t hold, could cause the asset to fall to 5 cents or lower, according to one crypto analyst.
  XRP on Life Support After Coronavirus Scare Reaches Critical Status
  The third-largest cryptocurrency by market cap is
  
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• Coronavirus Travel Bans Crippling Crypto

  12-03-2020 17:48 via cointelegraph.com
  
  The coronavirus pandemic has had devastating consequences for the crypto industry, from cancelling conferences to disrupting business
  
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• Coronarvirus Travel Bans Crippling Crypto

  12-03-2020 17:48 via cointelegraph.com
  
  The coronavirus pandemic has had devastating consequences for the crypto industry, from cancelling conferences to disrupting business
  
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• Cryptocurrency Exchanges in Meltdown; CEO Says Nothing to See Here - BeInCrypto

  12-03-2020 17:26 via beincrypto.com
  
  Cryptocurrency Exchanges in Meltdown; CEO Says Nothing to See Here  BeInCrypto
  
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• In Defense of Blockchain Voting

  12-03-2020 17:13
  
  Recent election tech foul-ups have people scrambling for paper ballots. But they're not really the future of voting, says Intercoin's Greg Magarshak.
  
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• Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety

  12-03-2020 17:05
  
  Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.
  
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• Don’t Panic: This Previously Impervious Support Could Save Bitcoin

  12-03-2020 17:00 via newsbtc.com
  
  Extreme panic over the coronavirus officially reaching pandemic status and the impact it may have on the economy caused Bitcoin to collapse this morning, falling from lows in the $7,500 range to as low as $5,800 at the time of this writing.
  Crypto investors are feeling more fear than they ever have before, but now is the time to be logical according to one crypto analyst, who claims that a remaining line of defense that’s held up in the past could be the support that saves Bitcoin from tot
  
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• Bitcoin News Roundup for March 12, 2020

  12-03-2020 17:00
  
  Coronavirus is changing fintech as we know it while Magic Leap crashes. This is CoinDesk's Markets Daily Podcast.
  
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• Schiff Bashes Bitcoin as It Falls 30% but Ignores Gold Lost $215bn Too

  12-03-2020 16:55 via newsbtc.com
  
  Bitcoin fell about 30 percent in just 30 minutes this Thursday. Gold plunged nearly 3.65 percent at the same time. Which asset lost more? Of course, Gold.
  The above statement was made to catch the attention of Mr. Peter Schff (Hey!), a famous gold bull, and among the few analysts that predicted the 2008 financial crisis when other white collars were ignorant.
  Mr. Schiff, who serves US-based Euro Pacific Management as its chief executive, is also a staunch bitcoin critic and hates it when millenn
  
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• OKCoin Supports Singapore Dollar Amid APAC Expansion

  12-03-2020 16:45
  
  The SGD joins the already installed euro and US dollar and its addition comes as OKCoin plans to open Singapore office.
  
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• Bitcoin loses 21 percent of its value in broad cryptocurrency rout - Ars Technica

  12-03-2020 16:42 via arstechnica.com
  Bitcoin loses 21 percent of its value in broad cryptocurrency rout  Ars Technica
  
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• UK Financial Regulator: Watch Out for Coronavirus Crypto Scams

  12-03-2020 16:19
  
  The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams.
  
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• Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases

  12-03-2020 16:00
  
  The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies.
  
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• Bitcoin Tackles $6K After 20% Crash as Stocks Rival 1987 Apocalypse

  12-03-2020 15:52 via cointelegraph.com
  
  The FTSE alone mimicked its near-death experience from 33 years ago as Bitcoin attempted to stem its own 20% nightmare
  
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• Bitcoin’s Crash Triggers Over $700M in Liquidations on BitMEX

  12-03-2020 15:35
  
  Bitcoin’s flash crash on Thursday triggered the most long-short liquidations on crypto derivatives exchange BitMEX in 16 months.
  
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• Ether Suffers Record-Setting 33% Drop Amid Global Market Turmoil

  12-03-2020 15:24
  
  Ether fell from $197 to $132 in early morning trading Thursday.
  
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• IOTA Founder Personally Refunding Hack Losses to ‘Safeguard’ Project’s Remaining Reserves

  12-03-2020 15:07
  
  Using his personal holdings will help protect the IOTA Foundation's 12-month runway, according to David Sonstebo.
  
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• Bitcoin crashes to $4500 as cryptocurrency markets collapse - finder.com.au

  12-03-2020 14:57 via finder.com.au
  
  Bitcoin crashes to $4500 as cryptocurrency markets collapse  finder.com.au
  
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• Overstock Sued by Shareholder Over Former-CEO’s $90 Million Exit

  12-03-2020 14:41 via cointelegraph.com
  
  An Overstock shareholder is seeking documents that he believes will demonstrate collusion between the firm’s directors and CEO Patrick Byrne
  
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• Bank of England Governor Warns Against Impact of CBDC on Fiat

  12-03-2020 14:38
  
  The BoE is currently looking into the feasibility of such a digital currency.
  
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• Bitcoin price latest: Cryptocurrency plunges 25 percent in 24 hours hitting 10-month low - Express

  12-03-2020 14:15 via express.co.uk
  
  Bitcoin price latest: Cryptocurrency plunges 25 percent in 24 hours hitting 10-month low  Express
  
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• OKCoin Launches Support for Singapore Dollar and Opens Local Office

  12-03-2020 14:02 via cointelegraph.com
  
  OKCoin now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether
  
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• Link Cryptocurrency Flash Crashed 99% After Market Tanked, to 0.0001 - newsBTC

  12-03-2020 14:01 via newsbtc.com
  
  Link Cryptocurrency Flash Crashed 99% After Market Tanked, to 0.0001  newsBTC
  
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