As U.S-imposed sanctions continue to cripple Iran economically, the Islamic state is reportedly on the verge of announcing its state-backed cryptocurrency. The ability of Iranian financial institutions to conduct transactions and relate with the rest of the world has been shackled since the sanctions were enforced and many believe the Iranian cryptocurrency will help abate some of the effects of the sanctions. To further stoke the rumor fires, it has been reported that the Iranian government expects to make an announcement concerning the digital asset at the annual Electronic Banking and Payment Systems Conference, which kicks off in Tehran on January
Tilray’s share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks? Or, is it as simple as Tilray “insiders” cashing in their profits? Tilray’s stock lost 17.24% by the end of trading on the Nasdaq today, wiping out recent day’s gains. With its IPO, Tilray
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Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance.
Regulating as Securities
Malaysian Finance Minister Lim Guan Eng said on Monday that his country “will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies,” Reuters reported, adding:
Over the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new mining rigs were announced in 2018 that packed some serious hashrate. As the new year begins, some of the top devices that process between 28-76 trillion hashes per second (TH/s) can be now be purchased from ASIC manufacturers and third party vendors.
Hal Finney is one of the people many suspected to be Satoshi Nakamoto. A long-time cryptographer and cypherpunk, Finney was the first person ever to receive a Bitcoin transaction. From Satoshi Nakamoto. He was enthusiastic about the project from the beginning. He posted the first known tweet about Bitcoin ten years ago today: Running bitcoin
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One year ago today, the crypto bubble reached its fever pitch before the inevitable crash that occurred throughout the remainder of 2018 and has lingered into the new year. Crypto Market Down 84% on Anniversary of All-Time High According to CoinMarketCap, the cryptocurrency market cap — which measures the combined notional value of all cryptocurrencies … Continued
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According to BitcoinsOddsChecker, the various online Bitcoin sports books which offer odds on NFL games are favoring the Chicago Bears, the LA Rams, and the Denver Broncos the most. Some gamblers may have taken the odds on the Bills prior to the match as a gift from heaven, banking on the New England Patriots having
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Chinese mining giant Bitmain’s 7nm Bitcoin miners go on sale today, November 8, 2018.
Announced in September of 2018, the miners allegedly offer considerably faster hash rates (though Bitmain didn’t disclose any specifications) and come in two separate Antminer models: the S15 and T15.
The company first provided the news on Twitter, writing, “We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15. Available for purchase on 11/8.”
On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash.
Earlier today, the crypto markets were seeing the first bit of momentum in a while after a period of market stability. Essentially, all the big players in the digital currencies space saw the colour red today with some seeing losses of up to 6%.
Bitcoin is currently trading at $ 6,348 at the current time of writing with over a 2% drop over the past day. Even though it was trading sideways for the majority of last week, the leading cryptocurrency saw a significant price drop after being priced at around the $ 6,480 area.
Cryptocurrencies now hold a market cap of more than $ 200 billion. According to analysts, in coming years, the cryptocurrency market capitalization may reach 10 trillion dollars. Today, there are more than 2000 distinct cryptocurrencies in the market, a number that may continue to grow daily.
In this environment, picking the right crypto coins to store is becoming increasingly difficult. Until now.
Introducing the Cryptoindex 100 – an AI (short for Artificial Intelligence)- driven analytical snapshot of the world’s 100 best performing cryptographic currencies. The index represents a mathematically computed weight of coins, which is included in the structure. Integration with the 9 largest exchanges allows continuous tracking of tens of millions of trades and orders per day, which are then instantly reflected in the value of the Cryptoindex 100.
It only takes a few minutes for Bitcoin to lose $ 200 and that’s exactly was happened today.
Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.
After weeks of motionless prices, Bitcoin started a downward drop and sank below the $ 6,300 mark despite all the signs pointing to the opposite thing and that the bulls were getting ready to go head first to the market.
Nevertheless, here are a few reasons why we think Bitcoin crashed earlier today.
If you haven’t heard of Maker, it is a token that is part of a stablecoin system composed of both MKR and DAI. Unlike Tether and other stablecoins, Maker does not rely on banks to provide stability, but instead relies on Collateral Debt Positions (CDPs). At the time of writing, a single MKR is worth $ 771 putting the Maker price up over 25% in the past 24 hours.
After the excitement of last week, which saw XRP up almost 100% at one stage, the markets are starting to settle down and normal service has resumed. What we saw last week was the result of a community based excitement, off the back of the announcement of a pending xRapid release from Ripple. With the markets now back to normal, a number of altcoins are standing out, Siacoin is one such cryptocurrency that looks to be making great progression today.
According to reports, a number of prolific Ethereum Stakeholders are set to meet this afternoon at 14:00 UTC. The meeting is set to be live streamed here and will be used to address a number of plans and implementations that have been established on the Ethereum network. It is also expected that the meeting will allow stakeholders to discuss further improvements, some of which are likely to stir up some controversy, but then cryptocurrency wouldn’t be cryptocurrency without a clash of opinions would it?
If launched today, Bitcoin would likely not be listed on Binance, the world’s biggest cryptocurrency exchange by volume — according to its listing guidelines.
Getting Your Foot in Binance’s Door
Getting listed on the world’s biggest exchange is the holy grail for any coin that wants to be taken seriously.
At the same time, Binance has been at the receiving end of criticism for charging exorbitant listing fees for new tokens. Bitcoinist reported how Expanse founder Christopher Franko claimed Binance asked for 400 BTC ($ 2,600,000) to list his altcoin token.
Meanwhile, Binance CEO Changpeng Zhao clarified that his exchange does not list ‘shitcoins.’
HBUS, a virtual currency marketplace and the U.S. strategic partner of Huobi, has begun accepting new registration from U.S. residents, starting today July 6, 2018.
American customers will be able to deposit cryptocurrencies such as bitcoin and ether on its platform. However, users won’t be able to trade or make withdrawals until the marketplace goes live on July 10, 2018.
The company, headquartered in San Francisco, aims to promote “an open and competitive market” where traders can choose from a rich pool of “high-quality virtual currencies.”
With all cryptocurrencies suffering from a temporary setback as of right now, it will be interesting to see where the industry will go next. Although the Bitcoin price is on the decline as we speak, it seems things will only improve from here on out. As is usually the case with any temporary dip, the price action needs to be taken in stride first and foremost. Remaining above $ 9,000 will be the top priority for the Bitcoin price, but doing so may be challenging.
Initially dismissed as a fleeting, fringe trend by banks and regulating bodies, cryptocurrency was left largely untouched for a long time. For years, the crypto market was like the wild west. But as the cryptocurrency market and the hype around it continue to boom, financial players and governments are beginning to wake up, all scrambling to figure out just how they’ll conquer this new frontier while creating some serious arbitrage opportunities.
[Editor’s note: This is a guest article submitted by Gregory Klumov, CEO of Stasis.net]
Twitter is a fast player. Less than two weeks ago, the social media giant announced it was developing new policies which would lead to the eventual ban of cryptocurrency and ICO-related advertisements on its platform. Bitcoin enthusiasts everywhere likely figured they had a little time to spare, as the changes weren’t expected to take effect until sometime in April at the earliest.
In addition, it was reported that Twitter would also be banning ads for cryptocurrency exchanges, though there would allegedly be exceptions to the rule.