Not everyone is sold on the future outlook of Litecoin (LTC), the cryptocurrency often considered the silver to Bitcoin’s gold, and some hedge funds have even gone as far as shorting the altcoin near 52-week lows. In a recent report published by Multicoin Capital, a sizeable crypto hedge fund backed by notable VC Fred Wilson with $ 75 […]
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Litecoin (LTC) Risks Major Sell Off In The Days Ahead
Litecoin (LTC) risks a major sell off in the days to come. This is because Litecoin (LTC) is trading in two big rising wedges as seen on the LTC/USD 4H chart above. This means that before the 21st of September, Litecoin (LTC) can be expected to break this rising wedge and fall back towards previous lows. Given that Litecoin (LTC) looks even more vulnerable and weaker than most altcoins at this point, it is also probable that Litecoin (LTC) may fall below previous lows to find an actual bottom.
Continue reading Litecoin (LTC) Risks Major Sell Off In The Days Ahead at Crypto Daily™.
Litecoin (LTC) Bounces Off a Major Support Level, Indicating a Potential Turnaround
The price of Litecoin (LTC), the cryptocurrency often considered the silver to Bitcoin’s gold, recently bounced off a major technical support line after staging a full retrace from last year’s incredible bull run. Last week, Litecoin broke through $ 50, hitting a 12-month low of roughly $ 47.5, which was last seen in September of 2017. However, several major […]
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Cryptocurrency Market Bounces Off Major Support Level
Leveraging technicals in cryptocurrency trading can be extremely difficult, especially when the market is so often driven by fundamental events that can quickly change the entire charting landscape. However, there are times where certain technicals can help guide swing trades, especially when looking at relative support and resistance points on the charts of key cryptocurrencies. Here, […]
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ARK Partners with Major League Hacking
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. We are extremely proud to announce our recent partnership with Major League Hacking, the official student hackathon league. We will be joining the MLH Localhost program to build
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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages
A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Introducing Hacking Insurance
A major South Korean insurance company, Hanwha Insurance, is reportedly introducing a new type of cyber insurance product this month aimed at providing compensation for hacking damages of domestic crypto exchanges, local media reported this week.
The Asia Times described:
XRP Price: Major Headlines and Developments Trigger Value Surge
Despite most cryptocurrency still stuck in the dirt right now, it appears things will turn around at some point in the near future. The XRP price is an exciting example in this regard, as it notes a small gain while Bitcoin is still down by 7% and more. A wave of fresh news will push the value of this asset even higher in the coming weeks.
Major Cryptocurrencies Fall But Bitcoin Price Crucially Secures $7,200; Future Trends
Over the past 24 hours, major cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin have fallen by 1 to 4 percent while bitcoin price remained above $ 7,200. The stability of Bitcoin in the $ 7,200 range despite the price drop of major digital assets in the global market allowed the weekly price chart of BTC
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Markets Update: BTC Tests Major Descending Trendline
The BTC markets are testing a key resistance area, with price action appearing to be making a third point of contact with a major descending trendline dating back to December 2017.
Also Read: Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New Platform
BTC On Cusp of Testing Major Trendline
The BTC markets appear on the cusp of a significant move, with price action testing a major descending trendline for the third time at the roughly $ 6,750 area. The trendline dates back to the all-time highs of nearly $ 20,000 USD, and makes an additional point of contact with late July’s local highs of roughly $ 8,500.
Tokens Record Losses as Major Cryptos Struggle; Bitcoin Stable at $6,500
Usually, stability in the Bitcoin price leads to an increase in the momentum of tokens. On August 21, tokens recorded the largest losses in the global crypto market. Tokens Unstable In the past 24 hours, tokens such as Tezos, Kin, Ark, Basic Attention Token (BAT), and Aelf (ELF) declined by 5 to 15 percent against
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Tezos (XTZ) Up 12% After Listing on Major South Korean Crypto Exchange
The price of Tezos (XTZ), a blockchain platform that boasts a number of next-generation features, has jumped 12% over the last 24 hours after listing on the popular South Korean cryptocurrency exchange Coinone. #테조스 가 @coinone_info 에 상장됩니다$ xtz will list on #coinone #tezos https://t.co/HELuOqqyzk — Tezos Korea (@Tezos_Korea) August 20, 2018 Prior to the Coinone listing, […]
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90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB
At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB. “Just one of the interesting things @cz_binance told me this week at LCX event: 90% of binance employees choose to receive their salary in BNB tokens. Smart people,”
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Litecoin Price: Major Gains Push Value Above $60 Again
Today may prove to be a very interesting day for the cryptocurrency industry as a whole. A lot of currencies are in the green again, even though the overall momentum remains very brittle. The Litecoin price is going through a very positive spell right now, as its value has successfully surpassed $ 60.5 once again.
Litecoin Price Turns Bullish
It is rather unexpected to see the Litecoin price go up in such spectacular fashion over the past 24 hours. Although this is an altcoin which heavily relies on Bitcoin’s momentum – just like any other altcoin – it is still an interesting trend worth keeping an eye on today. If this momentum remains in place for more than a few hours, the markets will undergo some big changes.
Another Major Swiss Bank Begins Accepting Cryptocurrency Assets
Yet another major Swiss bank, Maerki Baumann Private Bank in Zurich, announced it will begin accepting cryptocurrency.
Setting the Tone?
In July 2017, Switzerland’s Falcon Private Bank announced that it will be storing and trading Bitcoin within its very own asset infrastructure, challenging the status quo as most banks in the country refuse to accept cryptocurrencies.
Now, another major bank – Maerki Baumann Private Bank in Zurich, will be accepting digital currencies. The only condition is that they would have to be received for a service or from successful mining. The mechanisms, which the bank will use to authenticate the origin of the cryptocurrencies, are yet to be revealed.
Billionaire Backed Bitcoin Bank Trading on Major Stock Exchange
Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions and digital assets.
Also read: Coinbase Flexes Muscle, Creates Political Action Committee
South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges
The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Stripping Away Tax Benefits
The South Korean government has announced its proposed Revised Tax Law 2018. In the official statement published Monday, the government wrote, “from next year, virtual currency handling businesses will be excluded from the industries eligible for the tax reduction for SMEs [small and medium-sized enterprises].”
Yes, Stablecoins Can Secure Official Audits from Major Firms
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account.
This model may not play out in practice as it does in theory, however. In a recent interview with Bitcoin Magazine, Reiss’s comment summarizes the bulk of his answer to our first question: How is TrueUSD different from Tether?
Cryptowhispers: DDoS Attacks, Major Exec in Serious Crash, Twitter Drama
Cryptowhispers explores the wildcatting world of direct denial of service (DDoS) attacks, and why the socially maladjusted tend to flock to that particular vector … especially for coin projects they hate; a popular cryptocurrency trading application executive was involved in a serious car accident on the eve of an anticipated cross promotion at Comic Con; and what would a crypto gossip column be without Twitter drama.
Also read: Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses
Major Korean Exchange Bithumb Expanding into Japan and Thailand
One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Expanding into Thailand
Bithumb is currently working on obtaining regulatory approval from the Thai Securities and Exchange Commission (SEC), local media reported Friday. The exchange is the second largest in South Korea at the time of this writing, with a 24-hour trading volume of about $ 358 million, behind only the Kakao-backed Upbit with a $ 582 million trading volume during the same time period.
Stellar Price: Major Gains cap off Solid Week
Sundays are always interesting days for the cryptocurrency industry. Although it usually results in a fair amount of negative market pressure, this Sunday proves to be very different. The Stellar price continues to rise at an accelerated pace, as it continues a week-long uptrend without too many setbacks.
Stellar Price Peaks Above $ 0.215
Just a few days ago, it became apparent the Stellar price was on the right track. After a brief spell of continued upward momentum, the Stellar price maintained its value at $ 0.18 with relative ease. That trend has only continued ever since, as the XLM value is still rising as of right now. With a current price of $ 0.217, things are looking pretty good for this asset.