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Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’

bitcoinist | 12-15-2018

Following news that verified crypto-user numbers doubled in the first three-quarters of 2018, the study by Cambridge University also concluded that the death of Bitcoin amid an 85% drop in price has been ‘greatly exaggerated’ by the media.  Cambridge University: Bitcoin Mining Diversifying Aside from the influx of new users, the report titled 2nd Global Cryptoasset Benchmarking Study reveals several other key findings from the analysis, notably: Diversification has increased, with a rise in cross-segment expansion, meaning 57% of companiesRead MoreThe post Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’ appeared first on Bitcoinist.com.

Categories: BTC|Mining|Market|Trading|Altcoin
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3 Cryptocurrencies Decoupling From Bitcoin into 2019 (PAL, TRX, WAVES)

bitcoinist | 12-15-2018

2018 was underwhelming compared to 2017. The bear market went into full swing and most cryptocurrencies lost over eighty percent. Bitcoin has begun decoupling from many cryptocurrencies including those having some of the biggest developments of 2018. WAVES, TRX, and PAL are three cryptocurrencies that have persevered through the bear market. These three projects exceeded expectations and even demonstrated an important decoupling from BTC. Cryptocurrencies PAL, WAVES, and TRX Decouple Even during the bear market, thereRead MoreThe post 3 Cryptocurrencies Decoupling From Bitcoin into 2019 (PAL, TRX, WAVES) appeared first on Bitcoinist.com.

Categories: BTC|TRX|Market|Trading|Blockchain
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President Trump Appoints Bitcoin Proponent as White House Chief of Staff

bitcoinist | 12-15-2018

President Donald J. Trump has announced that he will be naming Mick Mulvaney as the new acting White House Chief of Staff. Mulvaney is a well-known Bitcoin proponent and has previously expressed his support of blockchain technology.  Mulvaney: New Acting Chief of Staff Mick Mulvaney, who’s currently the director of the US Office of Management and Budget (OMB), has been named Acting White House Chief of Staff and will reportedly assume the position at theRead MoreThe post President Trump Appoints Bitcoin Proponent as White House Chief of Staff appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Blockchain
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Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’

bitcoinist | 12-15-2018

In an informative, entertaining, comical, and bitterly poignant tweet yesterday, What Bitcoin Did podcast host Peter McCormack explains how he amassed–and lost–his crypto fortune over the last two years. From $32K to Millionaire and Back He starts the Twitter post saying: So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid). Just note, I am not bitter or salty in any way at all, theRead MoreThe post Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’ appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Altcoin
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Tighten that Belt!!

bitcoinist | 12-15-2018

Over the last four years, the European Central Bank has managed to inject  €2.6 trillion into the banking system in order to maintain economic stability.  To be clear, these cash injections have been one of the only things propping up the economy, and even the Governor of the ECB has now admitted that. Now, €2.6 trillion may not sound like a lot of money but we need to consider that this money is then multiplied by the fractional reserve banking systemRead MoreThe post Tighten that Belt!! appeared first on Bitcoinist.com.

Categories: Fiat
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25% of Pantera Capital ICO Projects May Have to Refund Investors

bitcoinist | 12-14-2018

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge funds Pantera Capital told Bloomberg that around 25 percent of the digital currency projects in its portfolio may have toRead MoreThe post 25% of Pantera Capital ICO Projects May Have to Refund Investors appeared first on Bitcoinist.com.

Categories: ICO|Regulation|Business|Blockchain
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To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight

bitcoinist | 12-14-2018

Billionaire Richard Branson appeared to cry tears of joy when his ‘Bitcoin-friendly’ Virgin Galactic reached the edge of space for the first time December 13. World Sees First Commercial Space Flight Branson, who revealed himself as a Bitcoin believer and investor in 2013, watched as SpaceShipTwo, the latest vehicle from the Virgin Galactic and The Spaceship Company, broke free of Earth to mark a “momentous achievement” for crewed space travel. “SpaceShipTwo is now the firstRead MoreThe post To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight appeared first on Bitcoinist.com.

Categories: BTC|Business
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Russia Says Venezuela’s Petro Acceptance ‘Not Happening’

bitcoinist | 12-14-2018

Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13. Petro, which the Venezuelan government hopes to use to shore up its rapidly failing economy and bypass western sanctions, formally launched in October. President Nicolas Maduro has since artificially raised itsRead MoreThe post Russia Says Venezuela’s Petro Acceptance ‘Not Happening’ appeared first on Bitcoinist.com.

Categories: BTC|ICO|Regulation|Altcoin
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Market Analyst Tom Lee Says ‘Fair’ Price of Bitcoin is Over $13K

bitcoinist | 12-14-2018

Fundstrat Global Advisors Head of Research, Tom Lee, holds that the current price of Bitcoin is wrong based on a range of factors. The BTC permabull has also refused to give any further price predictions.  Bitcoin’s Fair Value Between $13,800 and $14,800 According to Tom Lee, the current market conditions for Bitcoin are wrong. Bloomberg reports that the proponent has said BTC’s fair value is between $13,800 and $14,800. Lee explained: Bitcoin’s fair value, given the number ofRead MoreThe post Market Analyst Tom Lee Says ‘Fair’ Price of Bitcoin is Over $13K appeared first on Bitcoinist.com.

Categories: BTC|Trading|Market
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Ethereum Price Analysis: Ether Burns to a Crisp

bitcoinist | 12-14-2018

Ethereum has turned into an unattended dumpster fire. Let’s take a look at the Ethereum price analysis and see what it will take to turn the price around. Ethereum Price: Market Overview 2018 has been a rough year for Ethereum price and at the moment it doesn’t look like the situation will improve. Of the top 5 cryptocurrencies, ETH price disintegration has been nothing short of harrowing and with the ICO market being declared dead byRead MoreThe post Ethereum Price Analysis: Ether Burns to a Crisp appeared first on Bitcoinist.com.

Categories: ETH|Trading|Market|Altcoin|ICO
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Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K

bitcoinist | 12-14-2018

Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be a good buy under $5,000 earlier this year.  ‘You Should Outlaw It’ The Chief Executive of Europe’s biggest asset manager Allianz Global Investors Andreas Utermann expressed his thoughts on the regulation of digital assets, holding that global legislators should ban it completely, New York Times reports. He reasons that crypto-assets have wiped out people’s savings thisRead MoreThe post Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Business
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The Future of Crypto

bitcoinist | 12-14-2018

When the crypto bull market was still in session, the next big thing for Wall Street was set to be Ethereum futures. Now it seems they’re back on the menu.  Futures contracts were originally invented so that farmers and merchants could hedge costs before engaging in a specific venture. For example, imagine you want to drill oil and you more or less know your production costs but don’t want to take the risk that theRead MoreThe post The Future of Crypto appeared first on Bitcoinist.com.

Categories: ETH|Market|Trading|Commodity
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The HTC Exodus 1 ‘Blockchain Phone’ is Here and It’s Underwhelming

bitcoinist | 12-13-2018

This week saw the first reviews of the HTC Exodus 1 blockchain phone, as ‘Genesis Block’ pre-orders started to ship. However, threatening to steal HTC’s thunder came crypto-related trademark applications from Samsung, amid speculation features may arrive early next year. HTC Exodus Arrival So it’s finally here; 7 months on from its announcement in May, the first units of the HTC Exodus 1 have shipped. Throughout those 7 months, hyperbole has flowed, but actual detailRead MoreThe post The HTC Exodus 1 ‘Blockchain Phone’ is Here and It’s Underwhelming appeared first on Bitcoinist.com.

Categories: BTC|LTC|Blockchain|ETH|Altcoin
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Cambridge Study: ID-Verified Crypto Users More Than Doubled in 2018

bitcoinist | 12-13-2018

The University of Cambridge Center for Alternative Finance says the number of verified cryptocurrency users has increased in 2018 despite the year-long bear market that has seen prices tumble more than 80 percent. Retail Cryptocurrency Adoption is on the Rise According to a study by the Cambridge Center for Alternative Finance, the number of verified cryptocurrency users has more than doubled in the first three-quarters of the year from 2017 figures. The study shows thatRead MoreThe post Cambridge Study: ID-Verified Crypto Users More Than Doubled in 2018 appeared first on Bitcoinist.com.

Categories: Market|BTC|Trading|Altcoin
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Now is ‘Best Opportunity Of The Year’ to Buy Bitcoin, Says Weiss Ratings

bitcoinist | 12-13-2018

International rating agency Weiss Ratings has recommended now as the best time to buy Bitcoin, saying it represents cryptocurrency’s “least speculative investment.” Weiss Says Bitcoin Buy Level Near As part of a series of tweets December 11, Weiss, which has produced mixed messages about its opinion of Bitcoin in the past, now said it is “here to stay.” “(Bitcoin) is getting to such low levels that it’s becoming one of the best buying opportunities ofRead MoreThe post Now is ‘Best Opportunity Of The Year’ to Buy Bitcoin, Says Weiss Ratings appeared first on Bitcoinist.com.

Categories: BTC|ETH|Altcoin
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‘What is Bitcoin’ Tops Google Questions Category for 2018

bitcoinist | 12-13-2018

Interest in Bitcoin around the world isn’t waning, according to the latest data from Google Trends, as many people are interested in finding out ‘What is Bitcoin’ with BTC price down over 80% from its all-time high. What is Bitcoin – Most Searched Term in US and UK Despite a 15 month Bitcoin price low, interest towards the world’s largest cryptocurrency by market capitalization seems to be rising. Bitcoinist recently reported Bitcoin hitting a 6-month high in Google searches. AccordingRead MoreThe post ‘What is Bitcoin’ Tops Google Questions Category for 2018 appeared first on Bitcoinist.com.

Categories: BTC|Market|Trading
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Stuttgart Stock Exchange to Launch Crypto Trading Platform in 2019

bitcoinist | 12-13-2018

The Stuttgart stock exchange (Boerse Stuttgart) announced it will launch a crypto trading venue in the first half of 2019 through a partnership with solarisBank.  ‘Taking Trading in Cryptocurrencies to the Next Level’ In an announcement today, solarisBank revealed a key partnership that will bring a new product to the crypto market in 2019. Teaming up with the Boerse Stuttgart Group, Germany’s leading floor-based exchange for retail investors and second largest stock exchange, they will launchRead MoreThe post Stuttgart Stock Exchange to Launch Crypto Trading Platform in 2019 appeared first on Bitcoinist.com.

Categories: Exchange|Business|Trading|BTC|ETH
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Ethereum Miners May Be Exposed to a Hacker Mass-Scan Campaign

bitcoinist | 12-13-2018

Think you’re working hard at making an extra income even while prices are down? If you’re not careful and don’t heed the warnings about port 8545, you may just see all your ETH disappear overnight. According to crypto-jacking and cybersecurity research firm Bad Packets, a mass-scan campaign is active at the moment. Hackers are on the lookout for internet-exposed Ethereum mining equipment and wallets. Bad Packets Co-Founder Troy Mursch told ZDNet that this scanning campaignRead MoreThe post Ethereum Miners May Be Exposed to a Hacker Mass-Scan Campaign appeared first on Bitcoinist.com.

Categories: ETH|Mining|Market
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Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls

bitcoinist | 12-13-2018

Davinci Jeremie, Chilean software developer and little known Bitcoin guru, who has a stellar track record of Bitcoin calls is back.  Only As Good As Your Last Call If you’re sick of so-called experts, confidently calling the bottom of the bear market, only for the following week to wipe another [insert obscene amount of money here] off your portfolio… then perhaps you are listening to the wrong experts? Traders, pundits, gurus, seers, and other allegedRead MoreThe post Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls appeared first on Bitcoinist.com.

Categories: BTC|Market|Trading|Technology
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CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon?

bitcoinist | 12-12-2018

The United States Commodity Futures Trading Commission (CFTC) wants to know more about other cryptocurrencies apart from Bitcoin, starting with Ethereum. The Commission has issued an official Request for Input (RFI) on the matter. Request for Input: Ethereum In a press release published on Tuesday (December 11, 2018), the Commission expressed its desire to become better informed about cryptocurrencies other than Bitcoin. According to the press release, the CFTC wants to know more about EtherRead MoreThe post CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon? appeared first on Bitcoinist.com.

Categories: ETH|BTC|Trading
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Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’

bitcoinist | 12-12-2018

US cryptocurrency exchange Coinbase has received intense criticism for giving Venezuelan families a grand total of $1 per day – in altcoin ZCash, which it added to its books days previously. Scroogebase? In a blog post December 11, executives claimed that the initiative dubbed the “12 Days of Coinbase,” was meant to “empower those who don’t have enough.” Coinbase completed a rollout of ZCash to its own traders December 5, the price of which currentlyRead MoreThe post Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’ appeared first on Bitcoinist.com.

Categories: ZEC|Altcoin|BTC|Exchange|Trading
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Max Keiser Interview: Buy Bitcoin, ‘Leave Alts to Dickheads Like Jamie Dimon’

bitcoinist | 12-12-2018

Max Keiser once again shared his thoughts with Bitcoinist on the latest happenings in France, how Russia may use Bitcoin for its strategic reserves, and why Bitcoin is king while altcoins should be “left to dickheads like Jamie Dimon.”  Bitcoinist: What’ have you been up to lately? Anything interesting in the works from Max Keiser? Max Keiser: What’s new? Our new series on RT, “GONZO Max and Stacy,” debuting on December 23. We’re back onRead MoreThe post Max Keiser Interview: Buy Bitcoin, ‘Leave Alts to Dickheads Like Jamie Dimon’ appeared first on Bitcoinist.com.

Categories: BTC|Altcoin|Sponsored
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Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

bitcoinist | 12-12-2018

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33 million) in February 2018 had forced it to shut down. “Since February, Dooga has made every possible effort to recoverRead MoreThe post Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed appeared first on Bitcoinist.com.

Categories: Trading|BTC
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Swiss Bitcoin ETP Sees Record Volume as Institutional Investors Buy the Dip

bitcoinist | 12-12-2018

The steep decline in Bitcoin price has coincided with record volume of the recently launched Bitcoin ETP on the SIX Swiss Stock Exchange, suggesting that institutional investors are may be buying the dip.  Bitcoin ETP $HODL Sees Record Volume Earlier in November, Bitcoinist reported that a Bitcoin exchange-traded product (ETP) with the HODL ticker offered by Amun Crypto was about to begin trading on Switzerland’s SIX Exchange. The ETP represents a fully collateralized and non-interest-paying bearer debt security,Read MoreThe post Swiss Bitcoin ETP Sees Record Volume as Institutional Investors Buy the Dip appeared first on Bitcoinist.com.

Categories: BTC|Business|Exchange|Trading
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Next Bitcoin Bull Run Matter of When – Not If, Says BTC Investor Eric Dalius

bitcoinist | 12-12-2018

Real estate entrepreneur, Bitcoin investor, and cryptocurrency expert Eric Dalius in Tech Bullion says there’s still plenty of fight left in Bitcoin despite the mudslinging from the naysayers and falling Bitcoin price. He even goes on to say that the next bull-run is very close. The Many Bubbles of Bitcoin Bitcoin price. Even for people who barely have a grasp on what virtual currency is, these two words are inescapable lately. And they’re almost alwaysRead MoreThe post Next Bitcoin Bull Run Matter of When – Not If, Says BTC Investor Eric Dalius appeared first on Bitcoinist.com.

Categories: BTC|Trading|Business|Technology
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UK MP Wants to To Introduce Bitcoin Tax Payments

bitcoinist | 12-11-2018

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable information is holding back wider adoption. The UK Should Take the Lead MP Hughes’ comments, reported in the Express newspaper, follow the recent announcement that Ohio now allows local companies to pay taxes in Bitcoin. He said that a local authority should also ‘plant a flag’ andRead MoreThe post UK MP Wants to To Introduce Bitcoin Tax Payments appeared first on Bitcoinist.com.

Categories: BTC|Regulation
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Les Minimum Wage

bitcoinist | 12-11-2018

Master of the house, President Macron has heard the people singing a song of angry men. Though it’s possible he has a heart full of love, many French citizens still see him as living in a castle on a cloud.  If you’ve never heard the play Les Miserables, or if you’d like to listen to it again, here’s a good version on YouTube. Personally, I haven’t been able to stop listening to it since the Yellow JacketRead MoreThe post Les Minimum Wage appeared first on Bitcoinist.com.

Categories: Regulation
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Only Bitcoin Gets to Be ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz

bitcoinist | 12-11-2018

Bitcoin proponent and former Wall Street hedge fund manager Mike Novogratz remains optimistic despite the prolonged 2018 bear market. The investor holds that Bitcoin will become “digital gold” – a store of value in the same sense gold is.  ‘Now I’m The Ugly Face of Crypto’ Having made a series of accurate calls in the past, Novogratz admits that has recently been wrong. In a Bloomberg interview, he said: For a while, I had a series ofRead MoreThe post Only Bitcoin Gets to Be ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz appeared first on Bitcoinist.com.

Categories: BTC|Fiat|Market|Trading|Business
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‘We’ll Be Right Back!’ – Signs Point to Exit Scam For Cryptocurrency Platform Cubits

bitcoinist | 12-11-2018

Users are venting frustration at UK-based cryptocurrency wallet and exchange Cubits after the service went offline following alleged payment delays. Cubits Website Disappears Overnight Cubits, the trading name of Dooga, a company formed in London in 2014, became involved in a legal battle over allegations it was hacked earlier this year, a court ruling in the company’s favor in August. While it remains unclear whether those legal proceedings subsequently impacted on Dooga’s business, officials haveRead MoreThe post ‘We’ll Be Right Back!’ – Signs Point to Exit Scam For Cryptocurrency Platform Cubits appeared first on Bitcoinist.com.

Categories: Regulation|BTC|Exchange|Trading|Business
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Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert

bitcoinist | 12-11-2018

Following last week’s delay of the SEC to decide on whether to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, legal expert Jake Chervinsky now says that there is a 10 percent chance of its approval.  ‘I Think the ETF is in Trouble’ Jake Chervinsky, a legal expert who correctly predicted that the SEC will delay its final decision on the VanEck/SolidX Bitcoin ETF proposal into February 2019, now believes there’sRead MoreThe post Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert appeared first on Bitcoinist.com.

Categories: Regulation|BTC
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‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3

bitcoinist | 12-11-2018

Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private keys. Mayer To Bitcoin HODLers: Reclaim Sovereignty In a video introduction to the plan, which he dubbed ‘Proof of Keys,’ Mayer appealed to the Bitcoin community to remove all funds not under their direct control, specifically third-party exchanges. “We’ve got lots of new people who have come into the community, and I thinkRead MoreThe post ‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3 appeared first on Bitcoinist.com.

Categories: BTC|Business
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Opinion: Stock Up On Canned Food (And Bitcoin)…World Wide Winter is Coming!

bitcoinist | 12-11-2018

Whilst we are battening down hatches, and wrapping ourselves up for protection against the present crypto-winter, remember one thing. All is far from perfect in fiat-land around the globe… and Bitcoin is currently quite the bargain as the stock market is looking shaky once again.  First Stop – France Macron’s recent tax-hikes have seen Paris and other cities burn, as protesters take to the streets. But raising taxes only compound the effect of fiat’s inherentlyRead MoreThe post Opinion: Stock Up On Canned Food (And Bitcoin)…World Wide Winter is Coming! appeared first on Bitcoinist.com.

Categories: Business|BTC|Market|Regulation
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‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals

bitcoinist | 12-10-2018

BTC price crash may have been sparked by an ‘unusual’ uptick in miners selling to finance the BCH hash war, according to BitMEX Research. Meanwhile, other metrics reveal that the recent price decline is disproportional with BTC market fundamentals.  BTC Price Crash and Bitcoin Cash Hash War Bitcoin has lost around 45 percent of its value in the past 30 days, according to data from CoinMarketCap. A new study released by BitMEX Research outlines theRead MoreThe post ‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals appeared first on Bitcoinist.com.

Categories: BTC|Trading|ETH|Mining|Market
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Venezuela and Argentina Are Buying the Dip, New Data Shows

bitcoinist | 12-10-2018

If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies. But is the sudden uptick evidence of the two countries buying the dip? What’s Happening in Venezuela? Looking at the charts, one of the first things you notice isRead MoreThe post Venezuela and Argentina Are Buying the Dip, New Data Shows appeared first on Bitcoinist.com.

Categories: BTC
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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

bitcoinist | 12-10-2018

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. The 23 employees at the Ra’anana site will not beRead MoreThe post Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame appeared first on Bitcoinist.com.

Categories: BTC|Mining|Market|Blockchain
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‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

bitcoinist | 12-10-2018

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recentlyRead MoreThe post ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO) appeared first on Bitcoinist.com.

Categories: Asia|ICO|Fiat|Regulation|Blockchain
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Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

bitcoinist | 12-10-2018

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his bullish price predictions, said “a lot of buy orders and support” would keep Bitcoin above $2000. “I’ll be very surprisedRead MoreThe post Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near appeared first on Bitcoinist.com.

Categories: BTC|Trading
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Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

bitcoinist | 12-09-2018

Bitcoin price just pulled off a nice 10% bounce with the next level of resistant at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price  dropped to a new yearly low at $3,210 and the overall market cap continues now rests at $110.6 Billion. Clearly, bears are still running the show for BTC and the SEC’s  final postponement of a Bitcoin exchange-traded fund decision didn’t seem to help. Crypto-fanaticsRead MoreThe post Bitcoin Price Analysis: BTC Bounces But Bears Still in Control appeared first on Bitcoinist.com.

Categories: BTC|Trading|Market|Regulation
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Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT)

bitcoinist | 12-07-2018

The Government of Malta this week announced the signing of a joint declaration of cooperation on Distributed Ledger Technologies (DLT). They joined a group of six other Southern European countries; France, Italy, Portugal, Spain, Greece, and Cyprus. Transformative Technology The countries released a joint-statement noting a shared view that the digital sphere is an ideal policy area for future cooperation. It also claims that DLT (a.k.a. blockchain technology) and other emerging technologies, such as 5GRead MoreThe post Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT) appeared first on Bitcoinist.com.

Categories: Technology|Blockchain|Wallet
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‘Buffett Bet 2.0’ – Investment Fund Puts $1M on Bitcoin to Outperform S&P 500

bitcoinist | 12-07-2018

Asset manager, Morgan Creek Digital, is offering an interesting wager if anyone is willing to take it. It’s willing to bet $1 million, that its Bitcoin-focused Digital Asset Index Fund outperforms the S&P500 over the next ten years. Buffett Bet 2.0 The fund tracks ten major cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, although the bulk (78%) is Bitcoin. Morgan Creek is so sure of their success, that the partners are putting up the stakeRead MoreThe post ‘Buffett Bet 2.0’ – Investment Fund Puts $1M on Bitcoin to Outperform S&P 500 appeared first on Bitcoinist.com.

Categories: BTC|ETH|LTC|Market|ICO
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Bitmain, Roger Ver, Kraken Sued as Bitcoin Cash Nightmare Continues

bitcoinist | 12-07-2018

Roger Ver, Bitcoin.com, Bitmain, and Kraken are all sued by UnitedCorp over an alleged complot to hijack the Bitcoin Cash network for their own personal gain. United Corp. Sues Bitcoin.com, Bitmain, Kraken If the Bitcoin Cash fork fall-out that made November one of crypto’s most volatile months on record wasn’t bad enough, the nightmare continues. Although, some might say, this time it’s justified–depending on which camp you belong to. Telecommunications and IT development company UnitedCorp isRead MoreThe post Bitmain, Roger Ver, Kraken Sued as Bitcoin Cash Nightmare Continues appeared first on Bitcoinist.com.

Categories: BTC
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SEC Final Decision on VanEck Bitcoin ETF Now Set For February

bitcoinist | 12-07-2018

Expectedly, the US Securities and Exchange Commission has once again delayed its decision on the commodity-backed VanEck/SolidX bitcoin ETF proposal. The Commission is left with no room for further delays and the absolute final decision will come on February 27, 2019.  Bitcoin ETF: The Last Delay In July Bitcoinist reported that the SEC’s decision on the commodity-backed VanEck/SolidX bitcoin ETF proposal is likely to come in 2019. The Commission has delayed its decision multiple times, the lastRead MoreThe post SEC Final Decision on VanEck Bitcoin ETF Now Set For February appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Exchange
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Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

bitcoinist | 12-06-2018

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in cryptocurrency and Bitcoin tax filings next year. Record Loss Claims in Cryptocurrency Tax Filings In a press release by NODE40 – a cryptocurrency accounting firm, the company forecasts that the United States Internal Revenue Service (IRS) will receive a record number of cryptocurrency tax filings. Commenting onRead MoreThe post Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019 appeared first on Bitcoinist.com.

Categories: Regulation|Market|BTC|Trading|Business
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Where Will Bitcoin Price Go as It Nears November Lows?

bitcoinist | 12-06-2018

The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors. Another Grim Day For Bitcoin Traders Having lost support at $4000 Tuesday, slipped further towards lows set last month around $3500, reaching $3680 before appearing to claim new support at $3700. In common with behavior which has prevailed since the Bitcoin Cash contentious hard fork November 15, altcoin suffered similar andRead MoreThe post Where Will Bitcoin Price Go as It Nears November Lows? appeared first on Bitcoinist.com.

Categories: BTC|Trading|Altcoin|Business
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Bitcoin Lightning Network Capacity Quadruples Since November

bitcoinist | 12-06-2018

Lightning Network continues to grow at a phenomenal rate, with capacity now topping 460 BTC, and a reported 16,000+ channels. Lightning Network Sees Accelerating Growth It feels like Lightning Network (LN), bitcoin’s energetic, frugal young apprentice, is in the news every other week. Certainly, LN is regularly breaking fresh milestones, although to be fair, there are multiple criteria to measure by. Last month alone saw the network top 4,000 nodes and then explode in capacity toRead MoreThe post Bitcoin Lightning Network Capacity Quadruples Since November appeared first on Bitcoinist.com.

Categories: BTC
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Denmark Has Over 1,500 Restaurants That Accept Bitcoin

bitcoinist | 12-06-2018

Strapped for cash with a bad case of the munchies? You’re in luck. If you live in Denmark, that is. You can now use your bitcoins again at Hungry.dk to order online takeaway from over 1,500 restaurants. Denmark may be more famous for its pastries and its Vikings, but it seems the small Northern European country is breaking new terrain once again, just like its ancestors prior. There aren’t all that many places that allowRead MoreThe post Denmark Has Over 1,500 Restaurants That Accept Bitcoin appeared first on Bitcoinist.com.

Categories: BTC
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Digital Natural Selection

bitcoinist | 12-06-2018

Just as the recent slide in crypto and tech stocks has put pressure on investors, it is also testing the business models of tech businesses across the board.  When the system is flush with cash it’s much easier for entrepreneurs and investors to test ideas, but when the money starts tightening up, market prices fall, and business models start getting tested. On Monday evening, the main team responsible for developing Ethereum Classic (a spinoff of Ethereum) announced that they willRead MoreThe post Digital Natural Selection appeared first on Bitcoinist.com.

Categories: Business|Market|Technology
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‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

bitcoinist | 12-05-2018

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap is a lie. Buy support tells the true story,” developers claim on its main page. Buy support rating separates investmentsRead MoreThe post ‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins appeared first on Bitcoinist.com.

Categories: BTC|Altcoin|ETH|XRP|Market
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Tether Dominance Of Stablecoin Market Falls To 74%

bitcoinist | 12-05-2018

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. This year has seen a wealth of new offerings flood to market, causing exchanges to reassess how to list them.Read MoreThe post Tether Dominance Of Stablecoin Market Falls To 74% appeared first on Bitcoinist.com.

Categories: USDT|Market|Altcoin|Fiat
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New Data Shows Grayscale Fund Quietly Buying Bitcoin – Now Controls 1% of Supply

bitcoinist | 12-05-2018

Grayscale investors and a few Ethereum whales have reportedly been accumulating more Bitcoin and Ethereum as the price is at yearly lows. Grayscale Has 1%  of Bitcoin Circulating Supply While 2018 continues to be a challenging year for cryptocurrencies, some big-money players are taking advantage of lower prices to increase their virtual currency holdings. According to Diar, Grayscale Bitcoin Investment Trust (GBTC) now holds over 200,000 BTC for its institutional investor clientele. With 17.4 million BTCRead MoreThe post New Data Shows Grayscale Fund Quietly Buying Bitcoin – Now Controls 1% of Supply appeared first on Bitcoinist.com.

Categories: BTC|ETH|Business|Market|Trading