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Bitcoin Billionaire Zhao Dong: Bitcoin Is Likely to Fluctuate Between $4,000 and $6,000 for Half a Year

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With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $ 4,000 and $ 6,000 for a few more months.

Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $ 5,000 for the first time since November on April 2, 2019. The rise also marked its best one-day gain since April 2018. Bitcoin is trading at $ 5,252 as of press time, up 1.77 percent over the past 24 hours, according to data from CoinMarketCap.  Read more...

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval  Read more...

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Mike Novogratz Says Institutional Capital Could Drive Bitcoin (BTC) to $8,000 This Year

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Former Goldman Sachs partner Mike Novogratz believes institutional investors are poised to enter the crypto market soon due to recent and future advancements in custody solutions. In a recent interview on Bloomberg, Novogratz shared that he believes Bitcoin’s (BTC) next major rally will be on the back of institutional capital flowing into the market. “All the architecture […]
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Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017

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Blockchain analytics firm CipherTrace released a report this morning showing that roughly $ 1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $ 950 million. The figure represents an increase of more than 300% from 2017. The scams noted in the report don’t even include individual user scams. Instead, they focus on exchange exit scams, phony exchange hacks, and ICO scams. They account for an additional $ 725 million. The Dark Downside of the Crypto Boom If you adjust for the lower prices of cryptocurrencies in 2018, as much as  Read more...

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Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018

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Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $ 1.25 billion. Epic Games $ 1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter 2019 report from Digi-Capital, as reported by VentureBeat confirmed the latest industry statistics. Gaming investments reached $ 5.7 billion in 2018. Double the record figure for 2017. Epic Games, riding on the global success of online-game Fortnite, led by raising $ 1.25 billion from investors. Epic’s huge  Read more...

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BitPay announces record year for revenue with $1B+ in transactions again

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BitPay announces record year for revenue with $ 1B+ in transactions again
Largest global blockchain payments provider BitPay announced in a press release it sent to CoinReport that in 2018, it processed over a $ 1 billion again in payments and set a new record for transaction fee revenue. Some of the new customers of BitPay include the State of Ohio, HackerOne and Dish Net…

The post BitPay announces record year for revenue with $ 1B+ in transactions again appeared first on CoinReport.

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TRON (TRX) Has Outperformed Ethereum (ETH) by 48% This Year

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TRON’s (TRX) price has been on a significant run since December, likely spurred by investors looking to secure TRX before the BitTorrent Token (BTT) airdrop. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive content that’s not available to […]
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Huobi Reportedly Raked in $483 Million in Commissions Last Year

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Huobi Global, owner of the third-largest crypto exchange by trading volume, reportedly raked in $ 483 million from trading commissions in 2018. According to a recent report by South Korean media outlet Sporbiz, which cites Hwaseong Jae Kyung, a commodity specialist in the Chinese virtual money market, Huobi earned 545.2 billion won ($ 483.9 million) in commission income last year, […]
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Chainalysis: Daily Darknet Bitcoin (BTC) Transactions Doubled Last Year

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Chainalysis, a provider of cryptocurrency tracking tools to companies and law enforcement, recently published a report revealing that darknet markets are still thriving despite law enforcement’s best efforts to shut them down. Darknet markets are immune to the volatility of cryptocurrency markets, according to our research findings. Get a preview of our deep dive into darknet […]
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Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

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Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone

The post Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year appeared first on CCN

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Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today

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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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Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof.

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While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvania’s Wharton School of Business, remains optimistic about the state of the market in 2019. Speaking in an interview on CNBC’s Squawk on the Street, Siegel predicted that equity

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Bitcoin Price Celebrates New Year Inside a Near-Term Descending Channel

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Bitcoin price on January 1st saw a minor decline of less than 1 percent against the US Dollar on a 24-hour adjusted timeframe. The digital currency, which established a weekly high towards $ 4,239 ahead of Christmas, corrected to as low as $ 3,561 on Coinbase in later days. It attempted a minor bull run on December

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S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008

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Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where

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South Korea Ends Year With 6 Bills to Regulate Crypto Industry

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South Korea Ends Year With 6 Bills to Regulate Cryptocurrency Industry

South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Six Crypto-Related Bills

South Korea’s top financial regulator, the Financial Services Commission (FSC), exclusively shared some information with news.Bitcoin.com on Thursday about various crypto-related bills that have been submitted to the National Assembly. A spokesperson for the regulator said:  Read more...

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Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation

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Indian Exchanges End Year With Improved Services, Optimism About Regulation

As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Interest on Crypto Deposits

Indian cryptocurrency exchange Coindcx announced last week that its users can now earn interest on their BTC held at the exchange for 30 days or longer, stating:  Read more...

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Year of the Bear: Making Sense of the Bitcoin, Stock Market Downturns

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The sell-off in US stocks which began in October is establishing 2018 as the worst year the market has encountered in a decade. As of December 28, the S&P 500 index was down about 7 percent on the annual and 15 percent from its high. Other indexes, including the Dow Jones and the Nasdaq, also

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ICO Treasuries Offloaded the Most ETH in November and December This Year

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Over the Last Two Months ICO Treasuries Withdrew the Most ETH

Over the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($ 52.4M) in December, surpassing every other month this year.

Also Read: The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices  Read more...

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