Day: November 29, 2018

Bitcoin, Ether, and XRP Weekly Market Update: November 29, 2018

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The majority of the cryptocurrencies extended their losses during the last seven days as we saw the total market cap erase yet another $16 billion from its value. BTC/USD Bitcoin dropped below $4,500 on November 22 and closed the day at $4,370. The biggest cryptocurrency in terms of market cap continued its decline with its 7th red candle on the daily chart since November 14. The BTC/USD pair rose to $4,420 on November 23, but this was not enough to ignite a short-term recovery and on November 24 we saw…

Tom Lee refutes claims that crypto is broken says it’s only bent

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The head of research at Fundstrat Global Advisors, Tom Lee, has refuted claims that crypto is broken beyond repair. Instead, Lee notes that crypto is only bent and still has a lot of room for more gains. As reported by NewsBTC Tom, who was once a managing partner at JB Morgan, is known in the cryptocurrency spheres as one of the strongest Bitcoin and crypto bull of all time. The first half of this month has been one of the toughest for cryptocurrency holders and investors after the price of…

Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange

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Crypto exchange Coinbase Pro is adding privacy coin zcash to its listings. The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after the announcement at 18:00 UTC. When trading is enabled, only Coinbase Pro users in most of the U.S., UK, European Union, Canada, Singapore and Australia will be able to access the coin. New York residents…

Bloodbath in US Stock Market Likely, Bitcoin a Good Long-Term Bet

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Student loans, credit card debt, mortgage, corporate loans, and all kinds of debt are placing huge pressure on the U.S. stock market. Over the long-term, Mark Yusko believes emerging markets and Bitcoin are viable long-term bets for investors. On CNBC’s Fast Money, Morgan Creek Capital Management CEO and chief investment officer Mark Yusko expressed his concerns towards the “melting” stock market of the U.S. and warned…

New Token Concept From EOS’ Dan Larimer Fails to Win Fans

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Daniel Larimer, the CTO of blockchain company and EOS developer Block.One, has plans to develop a new cryptocurrency side project, he said in Telegram messages Nov. 28. Larimer, also known as BM in developer circles, gave only vague information about plans for a “hypothetical token,” which would be “immutable, non-programmable, and limited to a currency role.” The token, if launched, would mark the latest contribution from Larimer to the altcoin world, the developer also holding the titles of co-founder of blockchain social network Steemit and creator of DAO BitShares. On…

Bitcoin Recovers Post News of Nasdaq Bitcoin Futures, Market Consolidates Around $140 Billion

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Photo: QuoteInspector On Wednesday, November 28, Bitcoin price and the overall crypto market bounced back showing the much-needed recovery. Earlier on Sunday, Bitcoin nose dived below $4000 and further slipped to $3600 levels. At the same time, the overall cryptocurrency market lost over $20 billion in just a few hours. It was all bloodshed in the market as the entire altcoin space faltered along with Bitcoin. Bitcoin Recovers on Nasdaq News For nearly three days Bitcoin was trading at $3600-$3700 levels until it hit a 15% recovery on Wednesday. On…

Treasury Dept. Levies Bitcoin Address Sanctions

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New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions November 29, 2018 by William Peaster In an unprecedented enforcement action, the U.S. Department of the Treasury has levied bitcoin address sanctions in a crackdown against facilitators of bitcoin-to-rial ransomware rackets in Iran. The sanctions mark the first time specific crypto addresses have essentially been “outlawed” by America’s USD minters.  Also read: Cryptoeconomy Winter? Fed Warns of Market ‘Shocks,’ De-Risking Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Whether Its Bitcoin, Rials, or Chuck E. Cheese Tokens, the Treasury…

Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

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Post trade management platform VAKT has launched its blockchain-based processing tool to an initial group of crude oil industry clients, a press release reports Nov. 29. VAKT, which uses JPMorgan’s Quorum blockchain technology to run, has rolled out to BFOET crude participants. The press release reports that energy giants BP, Equinor, Shell, Gunvor and Mercuria are participating as the platform’s first users. The companies will use the blockchain tool in tandem with their existing systems, VAKT planning a larger rollout in January next year. In future, the company aims to…

Google Searches for ‘Bitcoin’ Hit Levels Not Seen Since April

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According to the recent Google’s trend explorer research, the weekly number of worldwide searches for the keyword “bitcoin” has hit the highest point since the first week of April 2018. The data reveals that the majority of searches comes mostly from Nigeria, South Africa and Austria, while the U.S. occupies only 19th position in the rating. The exact number of searches has not been disclosed yet, but according to the data, the number of searches in the past three days has made up 17 percent of its all-time-high weekly volume, which could…

Google Searches for ‘Bitcoin’ Hit Levels Not Seen Since April

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Photo: Pixabay According to the recent Google’s trend explorer research, the weekly number of worldwide searches for the keyword “bitcoin” has hit the highest point since the first week of April 2018. The data reveals that the majority of searches comes mostly from Nigeria, South Africa and Austria, while the U.S. occupies only 19th position in the rating. The exact number of searches has not been disclosed yet, but according to the data, the number of searches in the past three days has made up 17 percent of its all-time-high weekly volume,…