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The Bitcoin price collapsed below $ 10,000 on Sunday night in yet another stormy weekend session for the world’s largest cryptocurrency. Bitcoin briefly hit $ 9909 on Coinbase, marking an 13 percent drop in 24 hours. The fall cements a strong 28 percent retracement from this year’s high. Technical indicators suggest BTC may still have room to […]
The post 4-Figure BTC Screams ‘Buy’ as Bitcoin Price Falls Under $ 10,000 appeared first on CCN Markets
CHENGDU, China, July 11, 2019 — BHPA, Inc. (OTCMKTS: BHPA) (“BHPA” or the “Company”), an emerging leader in the cryptocurrency cloud mining marketplace, is excited to announce that it has been approved by the Financial Industry Regulatory Authority to trade under the ticker “BHPA” OTC Markets Group (the “OTC”), as of July 8, 2019. Investors […]
The post BHPA Inc Approved to Trade on OTC Markets Exchange Under “BHPA” Ticker appeared first on CCN Markets
Bitcoin cratered on Friday, confirming that its interim downtrend sentiment is far from over. The world’s largest cryptocurrency by market cap established an intraday low of $ 10,761.80, down 3.38 percent from the Thursday Asian session open. The move downhill brought bitcoin’s downside correction from 2019 top to 22.40 percent. At the same time, the cryptocurrency’s […]
The post Bitcoin Price Drops Under $ 11K, Faces Worrying Retreat Near $ 9,000 appeared first on CCN Markets
By CCN Markets: Bitcoin users in Poland are mostly men under the age of 40. Moreover, a whopping 92% of them believe that payments using cryptocurrencies will soon become commonplace. The results were shared by BitPay, the largest multilingual crypto exchange in Europe. BitPay is the most popular crypto platform among Poles. The group surveyed 2,582 cryptocurrency users in Poland and asked them a series of questions, including their gender, age, and other details to get a composite picture of the nation’s crypto community. Bitcoin Users In Poland Are 90% Men The survey indicates that cryptocurrencies are mainly popular among men
Singapore-based KuCoinis the latest crypto exchange to introduce a platform for public token sales (“IEOs“). Called KuCoin Spotlight, the new platform allows KYC-verified investors (excluding U.S. residents) who hold a sufficient number of KuCoin Shares (KCS) to participate in the public token sale — essentially underwriting the token’s future listing. The first Spotlight token sale […]
SludgeFeed
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to be the world’s primary currency, will it come to be just one of several reserve fiat currencies, or will cryptocurrency become the new instrument that powers the global economy?
Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments
For governments, cryptocurrency is becoming too mainstream to ignore and too chaotic to neglect. Across the world, government agencies are targeting crypto investors not only with taxes but mandatory registration and full disclosure rules. This new wave of regulation poses a contradiction in that some of cryptocurrency’s strongest traits have always been privacy and autonomy.
Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $ 145M of Cryptocurrency
Australia’s registration of 246 cryptocurrency exchanges between April 2018 and January 2019, hailed by observers and the exchanges themselves as boosting the credibility of the industry, likely indicates the direction that virtual currencies are taking in relation to regulation throughout the world.
In the last 24 hours, the Bitcoin price has dropped from $ 3,505 to $ 3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $ 10 billion in a three-day span. Major crypto assets such as Bitcoin Cash (BCH) and EOS (EOS) recorded large losses throughout the past week and was surpassed by Tether (USDT) in market valuation. Dropping Below $ 3,000 is a Possibility For Bitcoin Throughout the past three months, despite recording intense sell-offs at times, Bitcoin has defended the $ 3,000 support level
Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik representative told CCN the stakes are high for the entire cryptocurrency industry: We are unsure of how
The post Under Fire from the SEC, Kik’s Crypto Project is Going to War appeared first on CCN
Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume — suggesting a sell-off is in the making. As of this writing, TSLA shares
The post Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker appeared first on CCN
India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
This revelation comes just a few months after a government panel suggested the creation of a new regulatory framework within the Reserve Bank of India (RBI) that bans digital assets and declares crypto transactions illegal in India.
According to an unnamed senior official who spoke with the New India Express, the committee had met twice, but deliberations were still ongoing.
A DuPage County, Illinois judge has ruled that a woman charged with paying $ 10,000 in bitcoin for a Dark Web hitman to have her former lover’s wife killed must continue wearing a GPS monitoring device as the case goes on. 32 year-old Tina Jones of Des Plaines, Illinois has been arraigned on four counts of solicitation
The post Court: Dark Web Bitcoin Murder-For-Hire Suspect Remains Under GPS Monitoring appeared first on CCN
The market valuation of ERC20 tokens and low volume crypto have started to fall below the $ 100 million mark amidst an intense market sell-off and increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). VeChain, Bytecoin, Bitcoin Diamond, ICON, and Qtum have fallen the most against the U.S. dollar in the past 12
The post Market Cap of Crypto Tokens Fall Under $ 100M, Struggling to be Relevant appeared first on CCN
The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it
The post Bitcoin on the Brink: Will The Crypto Market Go Under $ 100 Billion? appeared first on CCN
On November 28, the price of Bitcoin (BTC) spiked from $ 3,771 to $ 4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $ 3,861, dropping below the $ 4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the
The post Bitcoin Price Falls Under $ 4,000: Was Immediate Pullback Expected After Big Spike? appeared first on CCN
A new bill which will impact electronic wallets and digital payment tokens such as bitcoin has been tabled in Singapore’s parliament. The Payment Services Bill will place the providers of payment services that are not under the regulatory oversight of Money-Changing and Remittance Businesses Act and the Payment Systems Oversight Act under the umbrella of
The post Singapore: Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight appeared first on CCN
In the past seven days, the crypto market has experienced a drop of more than $ 63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $ 4.300 to $ 3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase
The post $ 63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $ 100 appeared first on CCN
Robinhood is no doubt quite a revolutionary start-up. They have managed to completely rewrite the rulebook when it comes to retail brokerage and trading. Using a no fees model, they are giving users the opportunity to purchase assets such as equities, Indices and cryptocurrency at the same rate as the institutional markets. Many view them
The post Crypto-Friendly Robinhood under the Hood: Payments for Order Flow appeared first on CCN
It’s been an ugly year for altcoin traders, as the vast majority of coins have lost close to 95% of their value in the ongoing 2018 bear market. However, the recent string of mainnet launches, coupled with numerous altcoin listings on Coinbase, have worked to partially rejuvenate interest in smaller cap digital currencies. For investors more […]
SludgeFeed
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Japan’s amended Fund Settlement Law and the amended Payment Services Act which went into effect in April last year regulate the country’s crypto industry. The former defines “virtual currencies,” which include cryptocurrencies, as a means of payment and exempts them from consumption tax. The latter requires cryptocurrency exchange operators to register with the Financial Services Agency (FSA).
