#1 Source For Bitcoin And Altcoin News
Banks are afraid of bitcoin and some of them are responding in a way that’s driving customers away. On July 18, founder and partner at Morgan Creek Digital Anthony Pompliano shared on Twitter an epic email from a disgruntled client that was sent to the CEO of the Royal Bank of Canada (RBC). The letter […]
The post Fearful Banks Show Negative Bias Toward Crypto Investors appeared first on CCN Markets
Netflix announced on Tuesday that NBC would not extend its licensing agreement for the hit comedy “The Office” beyond January 2021. NFLX stock shed about 3 percent on the day. Why is this move significant for Netflix? It all comes down to competition, and ultimately, the company’s economics. Licensing on Its Way Out When Netflix […]
The post Netflix Says to Binge-Watch The Office as NBC Takes Show Back appeared first on CCN Markets
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking place in Argentina as a few other countries suffering from hyperinflation are seeing significant demand as well.
Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($ 40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well.
Also read: $ 500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction
Over the last few weeks, bitcoin cash (BCH) and the network itself have been shining brightly after a year of bearish sentiment and the blockchain split last November. Most notably, this month BCH has shown a significant increase in daily transactions, the price has doubled, and today the network has produced the second highest value of onchain transactions settled in the last 24 hours.
Also read: Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin
On April 8, the Chinese mining rig manufacturer Bitmain Technologies unveiled the specifications for the company’s latest Antminer 17 series. The firm claims the three new bitcoin miners command a hashrate of over 50 trillion hashes per second (TH/s) which outpaces nearly all top machines today.
Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’
KittyPlays, a leading female esports streamer with more than 1 million Twitch followers, has officially launched a new variety show, Playtime with KittyPlays, in partnership with Allied Esports. The first episode of the monthly show took place on March 24 at the HyperX Esports Arena inside the Luxor Hotel and Casino in front of a […]
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Cryptocurrency markets have seen fresh gains over the last 48 hours and digital asset trade volume has spiked considerably. On Saturday, March 16, the entire cryptoconomy has a valuation of roughly $ 139 billion and global trade volumes are hovering around $ 33.7 billion.
Also read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright
Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:
Figure 1: BTC-USD, 2-Hour Candles, Low TF Support
The zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it thus far. On a macro level, we are in a kind of no-man’s-land, following the bounce off macro support in the mid $ 3,000s:
Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet.
Also read: Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’
A U.S. district judge has denied the motion filed by the Securities and Exchange Commission (SEC) against cryptocurrency company Blockvest and its founder. The SEC failed to show the court that Blockvest’s tokens are securities. The company has set up a fictitious regulatory agency and claimed its ICO is endorsed by three different U.S. regulators.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
U.S. District Judge Gonzalo P. Curiel has denied the SEC’s motion for preliminary injunction against Blockvest Llc and its founder, the case document dated Nov. 27 shows.
In the last 24 hours, the valuation of the crypto market increased from $ 137 billion to $ 140 billion after a minor recovery of around 2 percent. Both major cryptocurrencies and small market cap tokens have ended the day with relatively minor losses in the range of 1 to 3 percent. Is Bottom Near For Bitcoin?
The post Crypto Market Recovers by $ 3B: Oversold Conditions Show Bitcoin Bottom appeared first on CCN
Over the past two years, initial coin offering (ICO) projects in the crypto market have raised more than $ 30 billion. Yet, most ICO projects have little to show, especially pertaining to user growth, blockchain adoption, and overall user activity on decentralized systems. It Will Only Get Worse A handful of tokens have demonstrated success in
The post Crisis: After $ 30 Billion Invested, Most Crypto ICOs Have Nothing to Show appeared first on CCN
The Bank of America have released data that shows how Bitcoin transfers equate to around 6000 times cheaper than the traditional transfer of FIAT currencies at the banks own standard rates. Many do argue that Bitcoin transactions carry a ridiculous expense, however with these findings in mind, Bitcoin is still proving to be a far superior alternative to FIAT currencies.
The findings from the Bank of America show that an international transfer in US Dollars costs on average $ 45.00 per transaction, compared to just $ 0.46 for the same transaction made in Bitcoin.
Eminem surprised rap fans this week by dropping his new album ‘Kamikaze’. For cryptocurrency enthusiasts there was an extra point of interest in the new album, since one of the tracks, “Not Alike”, namechecks Bitcoin. If awareness is the first step in driving adoption then Bitcoin can do a lot worse than a shout out on the real Slim Shady’s latest opus. He’s by no means the first artist to reference Bitcoin though as the following playlist shows.
Also read: New Satoshi Challenger Tells All — But Is He Legit?
This week, $ 312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional products around cryptocurrencies will bolster the adoption of crypto in US markets, which will naturally lead to other publicly
The post Does Bank of America’s Crypto Custody Show Irrelevance of Bitcoin ETFs? appeared first on CCN
No fewer than 50 enterprises have indicated an interest in obtaining ICO licenses in Thailand. This comes after the enactment of a framework for licensing several aspects of the cryptocurrency market in the country.
According to the Thailand Securities and Exchange Commission (SEC), about 50 projects have expressed an interest in carrying out a cryptocurrency crowdsale. Already, three ICO portals have submitted their licensing application to the SEC. The Commission is, however, uncertain of whether all proposed projects will receive approvals.
A new discovery in BitPico’s “stress test” on Bitcoin Cash (BCH) has allegedly unearthed further evidence of the altcoin’s centralization.
According to the group, which began focusing its attention on BCH last month after conducting similar “test” on Bitcoin’s (BTC) Lightning Network, a number of full nodes on its network are “located in the same server rack.”
Producing a screenshot of the findings, BitPico called on Bitcoin Cash representatives to “explain” the centralized nature of the nodes.
98% of the shown nodes are sitting in the same server rack.
Bitcoin.org contributor David A. Harding has released a summary of “known problems” in the Bitcoin whitepaper, highlighting the cryptocurrency’s metamorphosis in its first years of existence.
In documentation currently available on GitHub, Harding — who has also been a major commentator on Bitcoin for several years — also included changes in terminology used to describe various phenomena within Bitcoin. All the items in the collection represent previously-known aspects that “Bitcoin’s implementation differs from that described in the [white]paper.”
Who is the richest person in the world? Who said, “It costs a lot of money to look this cheap?” Where do they drink the most alcohol per capita? Ireland, Scotland, Russia or France? Readers who immediately answered just might be perfect guests on Dominic Frisby’s Financial Game Show, launching in the United Kingdom. Prizes include standard fiat payouts, but the show is also offering prizes in bitcoin cash (BCH) and even silver bullion.
