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Over the past two years, initial coin offering (ICO) projects in the crypto market have raised more than $ 30 billion. Yet, most ICO projects have little to show, especially pertaining to user growth, blockchain adoption, and overall user activity on decentralized systems. It Will Only Get Worse A handful of tokens have demonstrated success in
The post Crisis: After $ 30 Billion Invested, Most Crypto ICOs Have Nothing to Show appeared first on CCN
Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).
At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH ABC, is trading higher on (futures) exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious — though many Bitcoin Cash SV proponents have not yet conceded defeat.
Well over a day since the split, here are the main takeaways and latest developments.
Yesterday, the Bitcoin Cash network activated its second scheduled semi-annual hard fork since the cryptocurrency split away from the original Bitcoin blockchain. Unlike the previous protocol upgrade, however, this fork was contentious, with development teams launching two competing, incompatible BCH implementations. Background: Another Fork in the Bitcoin Cash Road The group adhering to the “official”
The post Bitcoin Cash: Where the 4th-Largest Cryptocurrency Stands the Day after the Fork appeared first on CCN
The price of NEM (XEM), a cryptocurrency project building a faster blockchain designed for better-performing smart assets, has surged around 15% after it was announced that trading would resume on Coincheck, a bitcoin wallet and exchange service headquartered in Tokyo. #Coincheck resumed $ XEM activities today! 🇯🇵 https://t.co/ndkPar4bUa — NEM (@NEMofficial) November 12, 2018 Coincheck suffered one of […]
SludgeFeed
Bitcoin could be in for a recovery rally, having defended a key support level over the weekend.
CoinDesk
Since November 8, within a 48-hour period, Basic Attention Token (BAT) lost 28 percent of its value following a high profile Coinbase listing. On Friday, as CCN reported, BAT declined by around 20 percent against the US dollar. In the last 24 hours, BAT dropped by yet another eight percent, recording a 28 percent decline
The post Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing? appeared first on CCN
Ethereum token BAT rode the “Coinbase bounce” to a four-month high, but on Friday the cryptocurrency’s price fell back toward earth with a resounding thud. Ethereum Token BAT Leads Market Pullback The crypto market as a whole traded down heading into the weekend, with valuations collectively dropping by $ 6 billion over a 48-hour period. However,
The post Ethereum Token BAT Crashes Nearly 20% after Coinbase.com Listing appeared first on CCN
Following the SEC’s enforcement action against the founder of Ethereum exchange EtherDelta, cryptocurrency traders appear to be shying away from so-called decentralized crypto trading platforms while they wait to see whether more enforcement actions are coming down the pike. DEX Volumes Take Major Haircut Following EtherDelta Charges As first noted by crypto research group DRIVE
The post Ethereum: Decentralized Crypto Exchange Volumes Plunge after EtherDelta Charges appeared first on CCN
An 18-year old Indian teen has threatened to blow up Miami International Airport (MIA) as a retaliatory move for the U.S. Federal Bureau of Investigation FBI’s uncooperative stance to help him track down an American fraudster who duped him of $ 1,000 worth of bitcoin on a popular online forum. Based on reports on local news
The post Indian Teen Threatens to Blow Up Miami Airport after Losing Bitcoin appeared first on CCN
Bitcoin could be about to make a move towards $ 6,800, having witnessed a bullish triangle breakout yesterday.
CoinDesk
After running up for the majority of the last week, the price of Bitcoin Cash (BCH) jumped another 15% on the news that San Francisco-based Coinbase would be supporting the hard fork that is scheduled to take place on November 15. As we previously reported, the upcoming fork centers around a fundamental disagreement between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain over changes […]
SludgeFeed
The bitcoin cash price awoke from its slump on Friday, mounting a double-digit percentage rally during the early evening hours after two major cryptocurrency firms revealed their plans for the BCH hard fork that is scheduled to take place in less than two weeks. Bitcoin Cash Posts Double-Digit Rally Like most of the large-cap crypto
The post Bitcoin Cash Price Jumps 10% after Binance, Bitcoin.com Reveal Hard Fork Plans appeared first on CCN
The infamous crypto exchange Coincheck is unsure about whether it should reopen after it was hacked and left $ 500 million lighter.
According to multiple local sources, the massive Japanese crypto exchange, Coincheck is debating whether it should reopen after suffering a $ 500 million hack back in January this year.
MineCC, a cryptocurrency miner and analyst based in Japan, reported that the president of Coincheck Oki Matsumoto said that he doesn’t know the prospectus of reopening.
The bear grip on bitcoin has likely strengthened following yesterday’s drop to two-week lows.
CoinDesk
Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $ 5.6 billion in value.
Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch
In recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $ 250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, Vietnam, and three U.S. states from accessing its platform.
Also Read: Debunking Dr. Doom
Stephen Hammond, the former vice-chairman of the Conservative Party in the United Kingdom and current member of the Treasury Committee, has quit his job with cryptocurrency exchange Ironx after just four days.
SEC Commissioner Kara Stein says a Bitcoin ETF approval will not happen until applicants meet a set of key criteria – which has been mitigated, if not resolved according to VanEck.
As the end of 2018 draws near, it increasingly seems that the SEC holds the key to the cryptocurrency market success. Most conversations regarding Bitcoin price revolve around a long-awaited approval of a Bitcoin ETF, and investors have unintentionally mandated that this must occur either in Q4 of 2018 of Q1 of 2019.
Twitter took the unusual step of locking Elon Musk’s account yesterday after the billionaire Space X and Tesla founder posted a lighthearted tweet asking a follower if they would like to buy bitcoin. Revealing this in a tweet posted earlier today, Musk said: Twitter thought I got hacked & locked my account haha — Elon
The post Twitter Locked Elon Musk’s Account after ‘Buy Bitcoin’ Tweet appeared first on CCN
First hinting at his project in a reply to a BitPay tweet on August 2017, Nicolas Dorier boldly claimed that BTCPay would make one of crypto’s most popular payment processors obsolete.
In an r/Bitcoin post two months later, he clarified that his brainchild isn’t meant to “take the place of BitPay.” Rather, BTCPay is poised as a new and improved alternative, a decentralized stand-in for merchants who wanted an easier way to accept bitcoin.
Imagine all the altcoins that wish they could get listed on the biggest exchanges like Coinbase and Huobi. But the biggest exchange is Binance and so for an altcoin to get on there must be a magnificent boost for the coin.
The latest listing to get on the aforementioned crypto exchange is Decred and while the rest of the market is still in a tough spot, Decred seems to have shot for the stars. According to CoinMarketCap, DCR has surged by nearly 25% in less than two hours after the announcement and it is currently trading at $ 48.06 at the time of writing. This is its highest price since earlier in August this year.
