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Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

bitcoinist | 10-15-2018

USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.  Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT , countered by a 5 percent rise in the price of Bitcoin (BTC) , coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday. Bitfinex, whose CEO also leads Tether’sRead MoreThe post Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents appeared first on Bitcoinist.com.

Categories: USDT|Exchange|BTC|Trading|Altcoin
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Crypto-Fueled Music Fest Arriving in Berkeley This Month

bitcoinist | 10-15-2018

The city of Berkeley is no stranger to the alternative and experimental. This attitude lives on as UC Berkeley’s Greek Theatre gears up to host Our Music Festival, the first music fest “powered by a cryptocurrency.” The heady California city of Berkeley is historically associated with experimental and countercultural values. Berkeley will continue this tradition by hosting the world’s first crypto-powered music festival on Saturday, October 20th. The chosen venue is the legendary Greek Theatre atRead MoreThe post Crypto-Fueled Music Fest Arriving in Berkeley This Month appeared first on Bitcoinist.com.

Categories: Altcoin
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Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

bitcoinist | 10-14-2018

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage. The Global Energy Misconception The pseudo-environmentalist brigade will have you believe that Bitcoin (BTC) mining would be the death of the planet. Much of their arguments revolve around the energy consumption of dataRead MoreThe post Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense appeared first on Bitcoinist.com.

Categories: BTC|Mining
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Bitmain Adds 5 New Billionaires to China’s Wealthiest List

bitcoinist | 10-14-2018

China’s latest rich list for 2018 sees five billionaires joining China’s wealthiest for the first time thanks to Bitmain’s market lead on cryptocurrency mining. The Hurun Research Institute 2018 Hurun Rich List now includes Bitmain’s founders, CEO and Vice President. The five have a combined wealth equalling nearly $9 billion USD. Bitmain Billionaires Though Jihan Wu is the name most associated with Bitcoin, co-founder Ketuan Zhan is the largest shareholder of Bitmain. Wu owns 20.25Read MoreThe post Bitmain Adds 5 New Billionaires to China’s Wealthiest List appeared first on Bitcoinist.com.

Categories: Mining|BTC|Market|Asia|Regulation
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Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump

bitcoinist | 10-14-2018

As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency. 1 Day chart   Bitcoin price has spent most of October in a tight range oscillating between lows of $6400 and highs of $6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018. PriceRead MoreThe post Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump appeared first on Bitcoinist.com.

Categories: Trading|BTC|Market
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Christie’s Auction House Leads Art World in Blockchain Tech

bitcoinist | 10-14-2018

Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world. Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale. The company is planning to sell a variety of major artworks from one of the most extensive privately-held collections of American artRead MoreThe post Christie’s Auction House Leads Art World in Blockchain Tech appeared first on Bitcoinist.com.

Categories: Blockchain|Technology
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Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum

bitcoinist | 10-14-2018

Ethereum cofounder Vitalik Buterin revealed his regret for adopting the popular term ‘smart contracts’ – a term that has become almost synonymous with Ethereum. Should Crypto Be ‘A-Legal’? Buterin weighed in on Twitter, October 11, in a discussion on ‘crypto law.’ The Ethereum (ETH) cofounder’s response was triggered by Cryptoecongames, who stated that cryptocurrencies “should have stayed a-legal.” “We’ve been clear since the start: *crypto* should’ve left “law out of it” & stayed a-legal,” theyRead MoreThe post Vitalik Buterin: I Quite Regret Adopting the Term ‘Smart Contracts’ for Ethereum appeared first on Bitcoinist.com.

Categories: ETH|Altcoin
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Officials Push Ahead Despite Concerns With West Virginia’s Blockchain Voting Experiment

bitcoinist | 10-14-2018

West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward.  Earlier this year, Bitcoinist reported on West Virginia’s ambitious plans to bring blockchain to voting. In late March, state officials announced an initiative with a Boston-based technology startup, Voatz, that would allow those who fall underRead MoreThe post Officials Push Ahead Despite Concerns With West Virginia’s Blockchain Voting Experiment appeared first on Bitcoinist.com.

Categories: Blockchain|Technology
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Adobe Flash Player Updates Could Contain Crypto Malware

bitcoinist | 10-14-2018

Palo Alto Networks warned this week that fake Adobe Flash Player updates carrying cryptocurrency mining malware are on the increase. In its latest blog post, the cybersecurity company reveals that it has uncovered more of the fake Flash updates during its work and research than ever before. These fake updates use pop up notifications from the official Adobe installer. If the update is run by the system user, it will add cryptocurrency mining malware likeRead MoreThe post Adobe Flash Player Updates Could Contain Crypto Malware appeared first on Bitcoinist.com.

Categories: Mining|XMR
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Raido Financial Announces New Updates and Prepares for the Launch

bitcoinist | 10-13-2018

A fintech company presents its MVP of Raido Exchange and releases wallets for Windows and Mac OS. Raido Financial — a company that specializes in fintech solutions has released new updates that can possibly attract a new audience and raise the overall’s awareness of the project: since now, users can access an MVP to see and test the early features of a platform. Apart from that, it will clearly demonstrate the vision of the company. Users willRead MoreThe post Raido Financial Announces New Updates and Prepares for the Launch appeared first on Bitcoinist.com.

Categories: Exchange|ICO
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The Problem With ‘Sustainable Journalism’ Platform Civil

bitcoinist | 10-13-2018

ConsenSys backed “sustainable journalism” marketplace Civil isn’t raising as much as it had hoped in its ICO. Civil’s ambitious plans have been picked apart by, you guessed it,  journalists. Free Press or Censorship Civil’s approach to revolutionizing journalism has been questioned in a recent post by Financial Times’ Alphaville. Like many blockchain platforms, Civil’s design is based on the ever-growing concept of “crypto-economics,” reward and monetization of activities using cryptocurrency tokens or coins. Alphaville argues thatRead MoreThe post The Problem With ‘Sustainable Journalism’ Platform Civil appeared first on Bitcoinist.com.

Categories: Blockchain|ICO|Mining|Altcoin
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3 Cryptocurrencies That Could Outperform Bitcoin in the Medium-Term (GO, ICX, ETH)

bitcoinist | 10-13-2018

ICOs were all the rage at the height of the 2017 crypto bull-run. However, with over 9 months in bear mode, most individuals have forgotten about them entirely. But with catalysts piling up in the short-term, cryptocurrencies that focused on ICOs could make a come back in Q4 of 2018 with GO and ICX leading the charge. Cryptocurrencies Market Situation There are literally catalysts piling up on top of catalysts from Yale’s investment in 2Read MoreThe post 3 Cryptocurrencies That Could Outperform Bitcoin in the Medium-Term (GO, ICX, ETH) appeared first on Bitcoinist.com.

Categories: BTC|ETH|ICO|Blockchain|Market
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Goldman Sachs Ex-President Gary Cohn to Advise Blockchain Startup

bitcoinist | 10-13-2018

Former Goldman Sachs president and Trump chief economic adviser, Gary Cohn, will take an advisory role with Spring Labs. The FinTech startup aims to use blockchain technologies to revolutionize credit and identity services. New Horizons Cohn resigned as director of the US National Economic Council in April, after disagreements with President Trump over trade tariffs. Prior to taking this position, he served as president and chief operating officer at Goldman Sachs for over ten years.Read MoreThe post Goldman Sachs Ex-President Gary Cohn to Advise Blockchain Startup appeared first on Bitcoinist.com.

Categories: Blockchain|Regulation|BTC|Altcoin
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Cryptocurrency Fueling a New Future for Ukraine

bitcoinist | 10-13-2018

In Ukraine, a county bearing the brunt of rampant corruption and still trying to find its footing after a revolution, a growing number of citizens are turning to cryptocurrencies to get back on their feet. After the collapse of the Soviet Union in 1991, many Ukrainians watched in dismay as much of the area’s wealth and infrastructure made its way into the hands of a select few. Today, these oligarchs control their wealth through physicalRead MoreThe post Cryptocurrency Fueling a New Future for Ukraine appeared first on Bitcoinist.com.

Categories: Other
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Nouriel Roubini Sounds off on Cryptocurrencies in Senate Hearing

bitcoinist | 10-13-2018

Noted economist Nouriel Roubini sounded off on virtual currency and blockchain in a recent Senate hearing. The NYU professor classified cryptocurrency as a big scam and a bubble. Prominent economist Nouriel Roubini is one of the few who accurately predicted the 2008 financial crisis. Currently a professor at the New York University Stern School of Business, Roubini has been a notable and colorful critic of cryptocurrency and blockchain technology. He made a number of passionateRead MoreThe post Nouriel Roubini Sounds off on Cryptocurrencies in Senate Hearing appeared first on Bitcoinist.com.

Categories: Regulation|Blockchain|Technology|Business
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Winklevoss-Owned Bitcoin Exchange ‘Gemini’ Adds Litecoin Trading Pairs

bitcoinist | 10-12-2018

On Friday, October 12, 2018, Gemini announced the addition of Litecoin (LTC) to its trading catalog. Litecoin becomes the fourth cryptocurrency added to the Winklevoss-owned platform. NYSDFS Approval for Litecoin Trading on Gemini Eric Winer, the platform’s VP of Engineering announced the news via a post on the company’s Medium account. According to the announcement, customers will be able to deposit LTC into their trading accounts from Saturday, October 13th, 2018, while trading commences theRead MoreThe post Winklevoss-Owned Bitcoin Exchange ‘Gemini’ Adds Litecoin Trading Pairs appeared first on Bitcoinist.com.

Categories: LTC|Trading|BTC|Exchange
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Bitcoin: Not as Bad as ‘They’ Say It Is

bitcoinist | 10-12-2018

They‘ve been claiming “The End is Nigh” for Bitcoin since before most people were aware the ‘beginning’ had occurred. Just this week, a self-described ‘expert’ on international financial markets, has been trash-talking crypto in the US Senate. Yet, an advanced statistical analysis found that the Bitcoin market is actually no different than those of more respected currencies. How Do We Assess Market Stability? After the fall of the Soviet Union, several new financial markets began to emergeRead MoreThe post Bitcoin: Not as Bad as ‘They’ Say It Is appeared first on Bitcoinist.com.

Categories: BTC|Market
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South Korea Stands Firm: Won’t Legalize ICOs For Now

bitcoinist | 10-12-2018

South Korea stood its ground on the matter of legalizing initial coin offerings (ICOs), reaffirming the ban that the country instituted last fall. ICO Ban Stands The Financial Services Commission (FSC) – South Korea’s top financial regulator — reaffirmed October 11 that the country will maintain its position on initial coin offerings and keep them outlawed. South Korea banned ICOs last September. Speaking to a Parliamentary audit meeting, the Commission’s Chairman Choi Jong-ku said that theRead MoreThe post South Korea Stands Firm: Won’t Legalize ICOs For Now appeared first on Bitcoinist.com.

Categories: ICO|Asia|Blockchain
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‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate

bitcoinist | 10-12-2018

The US senator and potential presidential contender who suggested cryptocurrency “hurt” American families repeated concerns about the industry on October 11, saying it was “easy to steal.” Warren Argues For Consumer Protection ‘Balance’ In a Senate Banking Committee hearing, Elizabeth Warren voiced fresh worry over the current regulatory climate in Washington, implying balanced rules should come into force. At the same time, Warren poured scorn on ICOs, alleging “a lot of small investors” were beingRead MoreThe post ‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate appeared first on Bitcoinist.com.

Categories: Regulation|ICO|BTC|Altcoin
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YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion

bitcoinist | 10-12-2018

As stigmas associated with cryptocurrency investing dissipate, YoBit decided to go rogue and launch a rather unique marketing promotion involving PutinCoin. Pump It Up! On October 11th, YoBit decided to debut a controversial pump promotion in an attempt to win over investors. While many thought it was a joke, the exchange actually had the gall to pull it off. Today, at random (though the exchange appears to be registered in Russia), PutinCoin (PUT) went ballisticRead MoreThe post YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion appeared first on Bitcoinist.com.

Categories: Exchange|Business
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South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million

bitcoinist | 10-12-2018

Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins.  Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in the company. Under the new deal, which officials hope to finalize in the coming month, BK’s leader,Read MoreThe post South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million appeared first on Bitcoinist.com.

Categories: Asia|Exchange|Business|BTC
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Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion

bitcoinist | 10-12-2018

Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry. Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector Data compiled by World Semiconductor Trade Statistics (WSTS) shows that global sales of semiconductors were $40.1 billion in August 2018, representing an increaseRead MoreThe post Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion appeared first on Bitcoinist.com.

Categories: Blockchain|BTC|Technology
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World Bank Group Chief Says Blockchain Has ‘Huge Potential’ After Bond Success

bitcoinist | 10-12-2018

The president of the World Bank has said Blockchain holds “huge potential” and that “embracing technology” is essential to it meeting its aims. Kim: World Bank ‘Not Keeping Up’ Speaking at the joint annual meetings event with the International Monetary Fund (IMF) this week, World Bank president Jim Yong Kim mentioned both cryptocurrency and distributed-ledger technology (DLT) within the context of Blockchain. “We at the World Bank Group have had to admit that we’re notRead MoreThe post World Bank Group Chief Says Blockchain Has ‘Huge Potential’ After Bond Success appeared first on Bitcoinist.com.

Categories: Blockchain|Fiat|Regulation|Technology
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Technical Analysis: Bitcoin Makes a Move Amid Uncertain Two-Weeks

bitcoinist | 10-11-2018

Bitcoin, along with the wider cryptocurrency market took a tumble as the Dow, S&P 500, and Nasdaq take a beating for the second day in a row. Bitcoin Price Market Overview Bitcoin (BTC) finally decided to make its move after the 50/50 market we’ve had for the past two weeks. The weak volume is a big indication that the market was very indecisive about which way it wanted to move, and also makes the marketRead MoreThe post Technical Analysis: Bitcoin Makes a Move Amid Uncertain Two-Weeks appeared first on Bitcoinist.com.

Categories: BTC|Market|Trading|Exchange
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Coinbase Pro Adds 0x (ZRX) Token Ahead of Mass Rollout

bitcoinist | 10-11-2018

US cryptocurrency exchange and wallet provider Coinbase confirmed it would open trading for decentralized Ethereum token trading platform 0x’s native ZRX token on Coinbase Pro. Coinbase Opens ZRX Deposits In a blog post and tweet, officials revealed ZRX would fast go live on the Coinbase Pro professional trader platform, with Coinbase.com and apps to follow later. As of now, Coinbase Pro users are able to deposit ZRX, with trading set to commence once “sufficient liquidity”Read MoreThe post Coinbase Pro Adds 0x (ZRX) Token Ahead of Mass Rollout appeared first on Bitcoinist.com.

Categories: ICO|Trading|ETH|Exchange|Altcoin
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Bitcoin Miner Imprisoned for Stealing Power from Trains

bitcoinist | 10-11-2018

A Chinese bitcoin miner from Shanxi province has been jailed after admitting to the theft of 104,000 yuan ($15,000) worth of electricity from a train network.  Cheap Day Return Obviously, stealing that much power would take an awful lot of train travel. No matter how many seats with power sockets you reserved, the ticket price alone would far outweigh the potential return. So Xu Xinghua tapped directly into the Datong train network’s power grid toRead MoreThe post Bitcoin Miner Imprisoned for Stealing Power from Trains appeared first on Bitcoinist.com.

Categories: BTC|Mining|Asia|Trading
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Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

bitcoinist | 10-11-2018

Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market. Who’s in Charge of the Market? A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market. The blockchain research firm reached this conclusion by analyzing 32 of the largest bitcoin wallets, which contain aRead MoreThe post Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility appeared first on Bitcoinist.com.

Categories: BTC|Market|Blockchain
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BREAKING: Bitfinex Reportedly Halts Fiat Deposits

bitcoinist | 10-11-2018

Bitfinex, the world’s fourth-largest cryptocurrency exchange by means of trading volume, has purportedly halted fiat deposits temporarily. EUR, USD, JPY, GBP Wire Deposits Temporarily Halted Screenshots of customer accounts started circulating on social media moments ago, suggesting that the British Virgin Islands-based and Hong-Kong-operated cryptocurrency exchange has temporarily paused wire deposits with EUR, USD, JPY, and GBP. However, the screenshot also indicates that the situation is expected to “normalize within a week.” “Bitfinex’s EUR, USD,Read MoreThe post BREAKING: Bitfinex Reportedly Halts Fiat Deposits appeared first on Bitcoinist.com.

Categories: Exchange|Fiat|Trading
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Financial Stability Board Pinpoints 4 Key Areas Crypto Needs to Clean Up

bitcoinist | 10-11-2018

The Financial Stability Board (FSB) has warned that in the future, crypto-asset markets could disrupt the security of financial markets. The organization plans to closely monitor the development. Today, in an update to their previous commentary and reporting on crypto-asset markets, the Financial Stability Board (FSB) released a report titled, “Crypto-asset markets: Potential Channels for Future Financial Stability Implications.” The FSB describes itself as: “[…] an international body that monitors and makes recommendations about theRead MoreThe post Financial Stability Board Pinpoints 4 Key Areas Crypto Needs to Clean Up appeared first on Bitcoinist.com.

Categories: Market|BTC|Regulation
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Blockstream’s Bitcoin Sidechain, ‘Liquid Network,’ Goes Live

bitcoinist | 10-11-2018

Blockstream on Wednesday announced that Liquid Network — its first Bitcoin sidechain — is now online. This announcement comes after more than a year of beta testing the sidechain on the core Bitcoin network. Liquid Network Goes Live The San Francisco-based Blockstream announced the news via a blog post on the startup’s website. According to the company, Liquid ensures speedy and secure transactions suited to the specific needs of high trading volume entities like brokers,Read MoreThe post Blockstream’s Bitcoin Sidechain, ‘Liquid Network,’ Goes Live appeared first on Bitcoinist.com.

Categories: BTC|Wallet|Trading|Altcoin
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Optimism Rises Despite Likely ETF Delays

bitcoinist | 10-11-2018

Optimism has been growing concerning SEC approval for proposed Bitcoin ETFs. However, further delays for a final decision are probably going to occur. One of the bigger unanswered questions inside of the cryptocurrency world has to do with the SEC’s final decision on a variety of Bitcoin ETFs. In August, the regulatory body rejected nine proposed ETFs, but seemingly reversed course on many of them, announcing they would take a second look at two ProShares ETFs,Read MoreThe post Optimism Rises Despite Likely ETF Delays appeared first on Bitcoinist.com.

Categories: BTC|Regulation
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Bitcoin Sparks Crypto Volatility as Traders Patch Bleeding Stock Markets

bitcoinist | 10-11-2018

Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble. $13 Billion Disappears in 30 Minutes Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $400 in a 30-minute window beginning around 11:00 p.m. on October 10th. By 12:00 a.m. EST, Bitcoin (BTC) had reached a low of $6087 – a maximum drop of $470 – while managingRead MoreThe post Bitcoin Sparks Crypto Volatility as Traders Patch Bleeding Stock Markets appeared first on Bitcoinist.com.

Categories: BTC|Market|Altcoin|Business|Asia
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Google: ‘Money Isn’t Real’

bitcoinist | 10-11-2018

The search engine mogul Google subtly revealed its feelings on Bitcoin and cryptocurrencies through an ad for its new Call Screen service. ‘Well, I’ve Got News For You – Money Isn’t Real’ Google recently released an ad for its new Call Screen service which allows users to interact with callers prior to answering the phone. The amusing ad involves two characters who are testing out the new feature. At some point, one of the charactersRead MoreThe post Google: ‘Money Isn’t Real’ appeared first on Bitcoinist.com.

Categories: BTC|Blockchain
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Google: Not just Evil… Clueless About Crypto Too

bitcoinist | 10-11-2018

The controversies of this week have exposed Google’s “Don’t Be Evil” mantra as the hollow platitude it always was. So it’s nice to see that, apart from being morally questionable, they can also be really dumb. At least as far as Bitcoin is concerned, according to Reddit and a report by Motherboard. See No Evil On Monday, we found out that Google had exposed the private data of up to half a million of itsRead MoreThe post Google: Not just Evil… Clueless About Crypto Too appeared first on Bitcoinist.com.

Categories: BTC
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Bitcoin Analysis and Its Secret Love for Fibonacci Levels

bitcoinist | 10-10-2018

Bitcoin Analysis The post Bitcoin Analysis and Its Secret Love for Fibonacci Levels appeared first on Bitcoinist.com.

Categories: BTC|Market
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OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu

bitcoinist | 10-10-2018

The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB). Xu: Stablecoin Will Be ‘Fully-Compliant’ In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market — which is seeing multiple market entrants this year. “Embracing the tide of technology, the launch of a (yuan-backed stablecoin)Read MoreThe post OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu appeared first on Bitcoinist.com.

Categories: Market|Exchange|Trading|Technology|Altcoin
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ICO Fundraising Decline Continues as Funding Hits 17-Month Low

bitcoinist | 10-10-2018

Cryptocurrency Initial Coin Offerings (ICOs) failed to surpass the $300 million fundraising mark for September 2018. ICO fundraising is now at its lowest point since mid-2017 as the crowdfunding scene continues to mirror the decline of the broader virtual currency market. Cryptocurrency ICO Fundraising Falls Below $300 Million in September 2018 According to Bloomberg, cryptocurrency and blockchain-based startups failed to raise up to $300 million from ICO crowdsales. Data from Autonomous Research shows that theRead MoreThe post ICO Fundraising Decline Continues as Funding Hits 17-Month Low appeared first on Bitcoinist.com.

Categories: ICO|Market|Regulation|Altcoin
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Sneaky Hacker Gets Some Serious Booty From Spankchain

bitcoinist | 10-10-2018

Lax security measures have caused the adult entertainment platform SpankChain to lose $38,000 in ETH. A Pirate Made Off With a Handful of Booty Stealing tips from strippers is nearly the equivalent of taking candy from a baby — It’s just plain wrong. Somebody should tell that to the clever hacker who managed to make off with 165.38 ETH ($38,000) after exploiting a bug in one of SpankChain’s smart contracts. SpankChain is the name ofRead MoreThe post Sneaky Hacker Gets Some Serious Booty From Spankchain appeared first on Bitcoinist.com.

Categories: ETH
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Today Moon? Economist’s 1988 Prediction Day Arrives (While Bitcoin Sleeps)

bitcoinist | 10-10-2018

October 10, 2018, has arrived — the date by which The Economist says we should be “ready for a new world currency.” Should Bitcoin suddenly fulfill that role today?  A ‘New World Currency’ By 2018 Wednesday marks an (arguably) highly significant date in Bitcoin’s history — but so far, nothing appears any different. According to the now-infamous cover of The Economist thirty years ago in 1988, today’s watershed moment should mean the world’s inhabitants areRead MoreThe post Today Moon? Economist’s 1988 Prediction Day Arrives (While Bitcoin Sleeps) appeared first on Bitcoinist.com.

Categories: BTC
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In Switzerland, Crypto Finance AG Obtains First Ever Cryptocurrency Asset Management License

bitcoinist | 10-10-2018

In what is a first for Switzerland, Crypto Fund, a subsidiary of Crypto Finance AG, recently obtained a cryptocurrency asset management from the country’s Financial Market Supervisory Authority (FINMA). The company becomes the first to be authorized to provide full spectrum services to institutional investors regarding blockchain-based assets. FINMA Grants Crypto Fund Full Cryptocurrency Asset Management License According to Bloomberg, the license puts Crypto Finance AG in the same bracket as other non-cryptocurrency asset managementRead MoreThe post In Switzerland, Crypto Finance AG Obtains First Ever Cryptocurrency Asset Management License appeared first on Bitcoinist.com.

Categories: Market|Business
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Binance vs. DigiByte — The Gloves are Off

bitcoinist | 10-10-2018

Binance’s announcement yesterday that it would henceforth donate all listing fees to charity was met with derision from some. Notably DigiByte founder, Jared Tate, who questioned the legitimacy of Binance’s new internal ‘charity’ division. Binance CEO Changpeng Zhao was quick to respond. 😂 while we try to not publicly commenting on any coin, good or bad, some just don't leave us much choice. I feel bad for the people who honestly tried to help with dgbRead MoreThe post Binance vs. DigiByte — The Gloves are Off appeared first on Bitcoinist.com.

Categories: Exchange
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Ran Neu-Ner: Bitcoin is “About to Explode”

bitcoinist | 10-10-2018

Popular cryptocurrency analyst, as well as the host of CNBC’s show Cryptotrader Ran Neuner, maintains that Bitcoin’s price is “about to explode.” “I Just Bought Bitcoin for my Parents” The host of CNBC’s Cryptotrader show Ran Neu-Ner expressed his firm positivity that Bitcoin’s (BTC) price is about to skyrocket. His utmost confidence culminated in a tweet: I just bought Bitcoin for my parents. It’s too obvious that it’s about to explode… — Ran NeuNer (@cryptomanran)Read MoreThe post Ran Neu-Ner: Bitcoin is “About to Explode” appeared first on Bitcoinist.com.

Categories: BTC|Trading
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Chinese Government May Wield Power to Destroy Bitcoin

bitcoinist | 10-10-2018

China has played a critical role in the crypto markets for several years now. A new paper written by academics from Princeton University and Florida International University suggests that China’s growing influence over Bitcoin’s key infrastructure has given the Chinese government the ability to heavily shape, or even destroy, Bitcoin. Bitcoin (BTC) was designed to be impervious to any form of centralized control. Bitcoin’s core infrastructure was built to give all participants in the system aRead MoreThe post Chinese Government May Wield Power to Destroy Bitcoin appeared first on Bitcoinist.com.

Categories: BTC|Asia|Market
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Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’

bitcoinist | 10-10-2018

Bitcoin and the entire cryptocurrency market could be on its last legs according to researchers from Juniper Research. The End is Near A recent study by Juniper Research titled, The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023, warns that the current technical setup of the entire cryptocurrency market indicates the possibility of a total market implosion. According to the study, daily Bitcoin (BTC) transaction volume fell from 360,000 in late 2017 toRead MoreThe post Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’ appeared first on Bitcoinist.com.

Categories: Market|BTC|Trading|Altcoin
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The SEC Sets Deadline to File Comments for or Against Bitcoin ETF Applications

bitcoinist | 10-10-2018

The U.S. Securities Exchange Commission (SEC) is getting ready to review its decisions regarding Bitcoin ETF applications. With this in mind, the SEC is inviting parties or persons to file public statements in support of, or in opposition to, Bitcoin ETFs. This review could affect nine Bitcoin ETF applications. The SEC Gets Ready to Review its Decisions on Bitcoin ETFs The SEC has set October 26th, 2018, as the deadline for the reception of publicRead MoreThe post The SEC Sets Deadline to File Comments for or Against Bitcoin ETF Applications appeared first on Bitcoinist.com.

Categories: BTC|Regulation|Exchange
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Samourai Prepares for Internet-Free Bitcoin Transactions With TxTenna Launch

bitcoinist | 10-10-2018

Bitcoin wallet Samourai Wallet will in future offer Bitcoin transactions without the internet thanks to a partnership with mesh network goTenna. ‘You Don’t Need the Internet to Use Bitcoin’ TxTenna, which expects to launch “imminently,” uses goTenna’s network of mesh nodes to confirm payments via the Bitcoin blockchain. A transaction is bounced around the network of nodes until one is found with an internet connection. “This means that existing network infrastructure does not need toRead MoreThe post Samourai Prepares for Internet-Free Bitcoin Transactions With TxTenna Launch appeared first on Bitcoinist.com.

Categories: BTC|Blockchain
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Binance Delists Four Coins (BCN, CHAT, TRIG, ICN) for Four VERY Different Reasons… We Investigated Why

bitcoinist | 10-09-2018

The most popular cryptocurrency exchange in the world, Binance, sent out a blog post this morning saying they are delisting 4 coins. (BCN, CHAT, TRIG, ICN) I decided to do some digging myself into the potential reasons for these delistings. Each of the 4 projects became delisted for a different reason, and Binance didn’t explicitly say why. Immediately following the delisting, all 4 projects took a beating in price action. Instead of just copying andRead MoreThe post Binance Delists Four Coins (BCN, CHAT, TRIG, ICN) for Four VERY Different Reasons… We Investigated Why appeared first on Bitcoinist.com.

Categories: Exchange|Trading|Altcoin
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David Vs. Goliath: Companies Like MicroBt Look To Challenge Bitmain’s Dominance

bitcoinist | 10-09-2018

Bitmain is well-known across the cryptocurrency community for dominating the mining hardware market. Some think the Chinese giant might be losing its edge, and a growing number of competitors are emerging to challenge the company. A number of companies have tried to establish themselves as a force in the cryptocurrency mining world. The vast majority have gone out of business — except for a Chinese firm called Bitmain. Estimates are that Bitmain controls at least 70Read MoreThe post David Vs. Goliath: Companies Like MicroBt Look To Challenge Bitmain’s Dominance appeared first on Bitcoinist.com.

Categories: Mining|Market|Business
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51% Attack Planned for Einsteineum

bitcoinist | 10-09-2018

The crypto industry has been repeatedly rocked by hacks and theft, undermining trust in the ecosystem. These episodes typically occur without warning, leaving investors to count their losses only after the hack occurs. In a bizarre turn, a 51% attack on Einsteinium (EMC2) has been announced in advance. The hack is scheduled for Saturday, Oct 13.  The 51% attack on Einsteinium will be live streamed and you can watch the livestream of the attack attempt here.Read MoreThe post 51% Attack Planned for Einsteineum appeared first on Bitcoinist.com.

Categories: Business
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Bitcoin Featured in Children’s Goosebumps Book

bitcoinist | 10-09-2018

Bitcoin (BTC), the world’s largest cryptocurrency, is steadily making its way towards widespread adoption. What better way to accomplish this than to feature it in a children’s Goosebumps book? “Dude, I Bet This Thing is Stuffed With… Bitcoins!” Bitcoin has been featured in a children’s Goosebumps book, further accelerating the cryptocurrency’s presence in mainstream media. The news was made available through a Reddit thread where the original poster shared a screenshot of a book. AccordingRead MoreThe post Bitcoin Featured in Children’s Goosebumps Book appeared first on Bitcoinist.com.

Categories: BTC|Sponsored