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Altcoins have taken the brunt of the 2018 bear market losses, with some even losing ninety to one hundred percent or more of the gains made at the end of 2017. As the market stabilizes, smart investors will be looking to put their money into projects with substance and potential.
Cryptocurrency exchange platform Bitfinex recently released an updated fee structure for fiat withdrawals. The twelfth-largest exchange also revealed that it processed more $1 billion in fiat withdrawals throughout October 2018.
The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to more than 200 countries.
Mattereum, an unorthodox startup, hopes to revolutionize the world of smart contracts by transforming them into enforceable legal contracts. High Weirdness in London TechCrunch’s Jon Evans notes that Mattereum’s project has been kindling in London for roughly a year-and-a-half, with an eclectic “[…] team of lawyers, cryptographers, software engineers, and/or former military consultants.
The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1. 1 million for Bitcoin fraud.
CoinJar co-founder Asher Tan says the subject of stablecoins is beginning to gain prominence in the cryptocurrency narrative. Many stakeholders in the digital currency space believe stablecoins may be the next big thing in the industry.
Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector.
Numerous signs of maturity can be noted across the cryptocurrency industry. A growing number of Bitcoin ATMs is making their mark on the world.
The upcoming Bitcoin Cash hard fork has generates some buzz with pre-fork trading suggesting Bitcoin SV may have the lower price, but more miner support, according to the latest data.   Bitcoin ABC vs.
Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a costly business, both in financial and ecological terms.
A Middle School principle in China was fired after staffers uncovered a cryptocurrency mining scheme utilizing school computers. Local media in China have begun to write about a foiled cryptocurrency mining scheme organized by the principal of Puman Middle School.
The upcoming Bitcoin Cash hard-fork triggers some interesting opportunities. Numerous exchanges offer pre-fork trading of BCHSV and BCHABC.
The U. S Securities and Exchange Commission (SEC) has filed charges in the first-ever case involving a decentralized Ethereum-based exchange.
William Shatner defended Vitalik Buterin against ‘literal scammer’ claims on Twitter this week. The USSS Enterprise’s very own James T Kirk appears to have found a deep love of Ethereum.
Cryptocurrencies OAX, HOT, and XLM are worth looking into if you’re looking for coins with the best chance to outperform Bitcoin price in Q4 2018.   Small Cap Vs.
The stage seems to be set for a dramatic cryptocurrency price surge, like the one we experienced in 2017. However, Bitcoin, the world’s largest digital currency, might not be the one triggering the explosion this time.
After this week’s highly-fraught midterm elections, some commentators believe that blockchain is more useless than ever for voting. After Tuesday’s crucial midterm elections, commentators — many of them academics and researchers — reinforced the importance of traditional voting methods, offering a strong critique blockchain.
Last week, Bitcoinist argued that cryptocurrency enthusiasts should stop waiting for institutional investors to arrive — because they’re already here. Not everyone shares that opinion.
The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent.
Chris Hughes became super wealthy thanks to his Facebook stock. Now, this entrepreneur from Silicon Valley wants to restore the middle class, and believes this can be done through his idea.
Serial cryptocurrency investor and billionaire Tim Draper has said his Bitcoin price prediction of $250,000 by 2022 is “absolutely solid. ” Draper: Destination Clear, Path Uncertain Speaking during the giant Web Summit tech conference in Lisbon which ended November 8, Draper, who is well known for his optimistic outlook on Bitcoin, in particular, doubled down on his price forecast few others have dared rival.
Bitcoin is not without its vocal band of critics and naysayers. The Nouriel Roubinis and Paul Krugmans of this world would have you believe that Satoshi Nakamoto’s creation is 100 percent doomed to fail.
Charlie Shrem scored an important first goal in his ongoing legal match against the Winklevoss twins. A judge has lifted a previous order which froze Shrem’s assets, in the $32 million case.
Regardless of futuristic forecasts, blockchain technology doesn’t seem to have that many real-world applications, especially at a large global scale. The green capital market, however, tends to stand out, as blockchain has already been tried and tested.
A main rule of crypto ought to be ‘don’t tell your friends you have crypto. ’ One man violated this unspoken rule and paid a rather gruesome price.
Legal figures engaging with cryptocurrency are warning over continued regulatory uncertainty impacting businesses after US regulators fined EtherDelta almost $400,000 November 8. EtherDelta Could Set Precedent EtherDelta, which operated since 2016 as a smart contract on Ethereum, fell victim to securities obligations under the US’ Securities and Exchange Commission (SEC), leaving owner Zachary Coburn liable for penalties totaling $388,000.
November 8 marks the culmination of this year’s Web Summit conference, the largest tech event in Europe and one which saw businesses give away cryptocurrency worth at least $127 million. Airdrops, Wallets And Adoption The sold-out Web Summit, which is taking place in Lisbon, brings together thousands of startups and speakers to join a giant attendee list of almost 70,000 people.
Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7. 21 Percent See Bitcoin Being As Common As Fiat The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest cryptocurrency, coming despite a year-long bear market and associated media criticism.
Popular cryptocurrency hardware wallet Trezor has introduced two firmware updates on both of its models – Trezor Model T and Trezor One. The move comes shortly after the wallet enabled its users to exchange directly through its interface.
The Securities and Exchange Commission (SEC) pressed formal charges against Zachary Coburn, the founder of cryptocurrency trading platform EtherDelta, for not registering his company as a national securities exchange.   Required to Register According to an official press release, the SEC has taken action against the founder of digital token trading platform EtherDelta, Zachary Coburn.
Intercontinental Exchange’s “regulated ecosystem” for Bakkt should launch December 12, but “lingering concerns” remain, industry figures warn this week. ‘Lingering Concerns’ Over Long-Term Plans In a series of tweets, securities lawyer and regular social media commentator Jake Chervinsky summarized the gaps in public knowledge about Bakkt, which is still awaiting regulatory permission to begin operations.
Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public. Instead, this transition will happen naturally as young generations become increasingly familiar and confident in this technology.
The New Zealand dollar token (NZDT) is set to be re-released early next year after it was suspended by the New-Zealand based Cryptopia exchange in late 2017. Local media in New Zealand recently reported the New Zealand dollar token (NZDT) will be re-released in early 2019.
Jack Dorsey’s financial services provider, Square, has reported its first quarterly profit of $20 million. The bitcoin-integrated payments company also beat Wall Street estimates for Q3 earnings and revenue.
The crypto market continues to endure a difficult 2018 after increasing posting astronomical gains in 2017. However, signs are beginning to emerge that Bitcoin price may set for another rally before 2019.
The US Dollar has been dominating BTC-Fiat trading on average throughout the past month, according to a research by CryptoCompare. 50 Percent Market Dominance According to a new report called “Detailed Report Into The Cryptocurrency Exchange Industry” released by CryptoCompare, the US dollar represents half of the BTC-Fiat trading on average throughout the last 30 days.
Cryptocurrency industry figures continue to hit back at negative stories about Bitcoin mining in mainstream media, Barry Silbert claiming mining Bitcoin was “50 times more useful” than gold. What’s In A Number? In a tweet November 6, the Digital Currency Group founder and CEO rebutted claims over Bitcoin mining which originally surfaced in the Nature International Journal of Science.
Blockchain plans to distribute $125 million worth of Stellar Lumens (XLM) to its 28 million users who register for the historic airdrop. What a Stellar Idea! Cryptocurrency wallet provider Blockchain is planning to host what it calls the “largest crypto giveaway in history.
As Bitcoin continues to trade in a rather narrow range, industry experts Vinny Lingham and Ronnie Moas stand on both sides of a $20,000 charity bet that BTC price won’t hit $28,000 by the end of 2019. “The Bigger The Party – The Bigger The Hangover” Speaking at the stage of World Crypto Con held in Las Vegas, Vinny Lingham, co-founder and CEO of Civic , and Ronnie Moas, founder and director of Standpoint Research, Read More The post BTC Price Won’t Hit $28K By 2020 – Vinny Lingham Bets Ronnie Moas appeared first on Bitcoinist.
Blockstream has been busy as of late with a brace of announcements including the release of the Liquid Full Node binaries alongside a new block explorer that lets you track transactions on the Liquid sidechain. Exploring The Possibilities The Blockstream Block Explorer enables users to view requested data from the Bitcoin blockchain and Liquid sidechain.
Venezuela set a new Bitcoin trading record last week as the country embraces cryptocurrency more than ever. Venezuela Trades 1075 BTC in 7 Days According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat all previous highs.
Bitcoin mining infrastructure company BitFury Group has closed a private funding round worth $80 million from both global and cryptocurrency-focused investors. Cash To Fund ‘Hardware And Software’ Objectives In a press release November 6, BitFury, which is also rumored to be planning an IPO, revealed Mike Novogratz’s Galaxy Digital to be among the participants in the round, which was led by European venture capital firm Korelya Capital.
The turbulent journey of the Bitcoin mining sector continues this week as BTCCPool announces it will close “indefinitely” November 30. BTCC Pulls Out Of Mining The pool, which constitutes the mining arm of Hong Kong-based exchange BTCC (formerly BTCChina), began operating in 2014, yet rarely competed with giants such as Bitmain’s Antpool.
Bitcoin (BTC) may be stagnating in its most boring range since early 2017, but this shouldn’t be taken as bad news. In fact, there is plenty of evidence to suggest that the market-leading cryptocurrency has indeed found its bottom for 2018.
Jack Dorsey’s social media platform Twitter has been outperformed by his other company – the financial services provider Square. A Strategic Move Jack Dorsey’s Bitcoin-integrated financial services company Square has more than doubled its value since it allowed users to buy and sell Bitcoin (BTC) back in 2017.
The Blockchain Transparency Institute has published its November 2018 Exchange Rankings Report, with Binance topping the list. Honorable mentions also went to Bitstamp, Coinbase, and Kraken FX for most improvement since the Initial Report in August.
Significant crypto conferences, forums, and summits provide plenty of profitable opportunities for attendees such as finding investors, making valuable connections, meeting the right people and presenting projects. Consensus – one of the most famous blockchain-dedicated conferences – attracts opinion leaders, CEOs and other specialists across the crypto industry.
With the continued sideways trading of Bitcoin, the volatility of its futures trading recently reached its lowest level. Presently, the cryptocurrency market, in general, shows more stability than the traditional asset marketplace.
The Cryptocurrency market closed on a high last week with all major cryptos finishing the week on a green candle.   A reasonably strong close for the first week of November has many analysts once again facing the question if the bottom is in.
This time last year ICOs were massive news, raising funds totaling over $6 billion throughout the whole of 2017. Despite the downturn across the crypto market, ICOs have continued to grow.
The British banking giant HSBC has reportedly executed the very first overseas financial transaction of Reliance Industries (RIL) to a US-based client using blockchain technology. “The Use of Blockchain Offers Significant Potential” Despite the tension surrounding cryptocurrencies in India, HSBC has purportedly carried out the very first overseas financial transaction using blockchain-based technology.
What is it with billionaires and Bitcoin predictions? 2018 has been filled with predictions, revisions, and retractions. Here’s another one from Mike Novogratz.
BitMEX has officially announced the launch of a new BitMEX-sponsored website called ForkMonitor. info, which may be used to keep track of the happenings surrounding both softfork and hardfork network upgrades for Bitcoin (BTC) and Bitcoin Cash (BCH).
The first Bitcoin-backed loan has been issued to a Canadian company allowing cryptocurrency holders to liquify their assets without selling. Bitcoin Loan a ‘Game Changer’ Canadian company Ledn, has purportedly become the first and only local lender to issue Canadian dollar loans using Bitcoin as collateral, according to local media Wealth Professional.