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The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $ 83 to the 2019-high of $ 363.30. That’s a massive gain of over 337 percent in six months. Since then, […]
The post Ethereum Dumps Over 40 Percent But Uptrend Remains Intact appeared first on CCN Markets
History was made last week after Donald Trump publicly addressed Bitcoin (BTC) and the cryptocurrency industry, becoming the first sitting president to do so. The president took to Twitter on Thursday to share the fact that he’s “not a fan of Bitcoin and other cryptocurrencies,” citing his concerns over their utility as a means of […]
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By 2020, a large group of West African countries plan to adopt a single fiat currency called the eco. After a meeting in Abuja held on June 29 between the 15 member-country regional bloc, the implementation of a new single currency, after debating the monetary unit for years, was agreed. Despite the eco discussion and economic uncertainty within the massive continent, Africans still have a deep interest in digital currencies.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
The SEC has again delayed its decision on whether to allow a proposed rule change that would enable the VanEck SolidX Bitcoin Trust exchange-traded fund (ETF) to issue and list its shares. According to a filing published on Thursday by the SEC, the public has 21 days from when the order is published in the […]
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The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
There’s over $ 100,000 on the line that could be given to charity for about an hour of Adam Back’s time. If he chooses to debate Bitcoin Unlimited’s Peter Rizun over why he thinks it’s a bad idea to scale with larger blocks, Paxful’s Ray Youssef has pledged $ 100K in addition to Roger Ver’s initial $ 10K offer.
Also read: Schnorr Signatures Await Bitcoin Cash as the Next Upgrade Draws Near
Nexo’s token (NEXO) saw its price briefly surge over $ 0.10 last week on news that it gained a listing on Huobi Global, the eighth-largest crypto exchange by trading volume and the first major exchange to list the self-styled security token. While the listing, which included BTC and ETH trading pairs, was originally scheduled for March 6, it […]
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There’s good news and bad news for traders monitoring onchain data for signs of a market revival. The number of daily transactions has been rising for months, suggesting that BTC is being used for more than merely speculative purposes. Daily trade volume remains sluggish, however, suggesting another bull cycle is still some way off.
Also read: Rio Carnival to Feature Bitcoin This Year
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The ban on initial coin offerings in South Korea will stay, the country’s financial regulator has said in a statement. The decision by the South Korean Financial Services Commission (FSC) follows a survey which the regulator commissioned. Among the findings of the survey include the fact that some ICO projects misrepresented themselves. For instance, some had claimed to be fundraising abroad but they went on to involve South Koreans. Dirty Tricks Employed to Evade ICO Ban According to the FSC, the projects did this by registering in Singapore in order to circumvent South Korea’s ICO ban. Some of the evidence
By CCN.com: It was another relatively boring trading day in the cryptosphere, at least as far as the major coins go. Way down the list we saw some serious activity in Monero, Dash, Aelf, and something called Holo. As far as Bitcoin and the top 5 coins go, prices remain virtually unchanged from yesterday. Bitcoin
The post Bitcoin Price Fights for $ 3,600 as Crypto Market Remains Sluggish appeared first on CCN
Intercontinental Exchange’s (ICE) crypto exchange subsidiary, Bakkt, has closed a $ 182.5 million funding round led by Microsoft’s venture capital arm, Boston Consulting Group and Pantera Capital. We are pleased to confirm that we have completed our first round of funding of $ 182.5 million https://t.co/Cc2EsoQMcT — Bakkt (@Bakkt) December 31, 2018 According to the announcement, the injection of […]
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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 is still in the red and it seems it would be staying that way for a while. With the latest “fall” in the crypto market, skeptics have been speculating on whether Bitcoin and its compatriots could mount a quick comeback and shake off this bearish run. However, in the midst of all this skepticism,
The post Roger Ver Remains Positive on his Cryptocurrency Outlook appeared first on CCN
Bitcoin (BTC) is expected to retrace after a prolonged rally since the beginning of this month. The 4H chart for BTC/USD shows that the price has entered a rising wedge. We can see that the price has already faced rejection three times at the top of the wedge and is now preparing for a fall. RSI has also entered overbought levels short term and is thus expected to correct in the near future. This should not come as alarming news for investors expecting a reversal. The big picture is still very much intact and Bitcoin (BTC) is starting to begin a new cycle. However, we believe that we may see some downside before sustained long term upside.
Blockchain Transparency Institute released the global crypto exchange rankings of November, ranking Binance at the top with a 24-hour volume of $ 1 billion. With more than 160,000 24-hour web users, Binance easily surpassed OKEx, the second largest crypto exchange in the market, in terms of the number of active users, volume, mobile volume, web visitors,
The post Binance Remains Biggest Crypto Platform, Volume of Exchanges in Korea Surge appeared first on CCN
Bitcoin (BTC) bulls may not seem aggressive but they are definitely more determined than the bears. Most bulls are confident in Bitcoin (BTC)’s long term growth as long as the price remains above the 1000 Day EMA. As the BTC/USD daily chart shows, the price is currently well above the 1000 Day EMA and is not likely to fall below it under the bullish case. Before the month of September, if the price would fall to the 1000 Day EMA, it would coincide with the long term trend line. However, this time, if the price falls back to the 1000 Day EMA, it would have to fall below the trend line. It is pertinent to note that a fall below the trend line and a fall below the 1000 Day EMA do not mean the same thing.
Throughout this year, during a 69 percent correction, only 25 percent of Bitcoin were moved between addresses, suggesting that 75 percent of Bitcoin had not changed hands. That is nearly a 58 percent decline in Bitcoin user activity since 2017, during a period in which BTC surged to a new all-time high at $ 20,000 and
The post Crypto Remains in Recession with Only 25% of Bitcoin Moved in 2018 appeared first on CCN
At Bloomberg Ideas, an event that features leading experts in various industries, George Mason University economics professor Tyler Cowen stated that if crypto remains illegal, adoption will be difficult to achieve. “If crypto stays illegal, it will be ghettoized, and that will make it harder for it to spread ultimately.” However, in major markets including
The post Economist: if Crypto “Remains” Illegal, Adoption Will be Difficult appeared first on CCN
Some interesting momentum is brewing for the Nano altcoin right now. Although it is still too early to speak of a proper market reversal, the current development shows there is some life left in the altcoin department. Despite a solid increase in the BTC and USD ratio, Nano’s price remains above $ 2 with relative ease.
It is an interesting weekend for all cryptocurrencies, even though the gains across the board are pretty slim, all things considered. As long as Bitcoin doesn’t show any real bullish or bearish pressure in the near future, causing altcoins to note some small gains or losses in the process. For Nano, things are heading in the right direction right now, although the momentum still remains somewhat shaky first and foremost.
