Day: December 6, 2018

Bitcoin (BTC) Tumbles Under $3,800, Yet Analyst Expects “More Upside Than Downside”

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Bitcoin (BTC) Moves Under $3,800, Crypto Market Cap At $120B  Another day, another bout of crypto market tumult. In the past 24 hours, cryptocurrencies at large have continued to move in a dramatic fashion, with leading assets, such as Bitcoin (BTC) and Ethereum (ETH), posting mid-single-digit losses that have sent investors’ Blockfolios into the red. Since Ethereum World News’ previous market update, the aggregate value of cryptocurrencies has fallen to $122 billion, from ~$130 billion, with this move being backed by $15 billion ($7.452 billion adjusted) in 24hr volumes, as…

Bitwise Launches Bitcoin Fund, Driven by Client Interest

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Finance Bitwise Asset Management has launched two new cryptocurrency funds, one of which only invests in BTC. The launch “is driven by inbound client interest and investor dissatisfaction with existing options,” the company says. The market downturn has also given investors “a unique opportunity to enter the market at prices many thought we’d never see again.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Two New Funds Bitwise Asset Management announced on Wednesday that it has launched two new funds: the Bitwise Bitcoin Fund and the…

Over One Third of German Big Business Finds Blockchain Tech as Impactful as Internet

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According to a recent survey, over one third of big businesses in Germany consider blockchain technology as revolutionary as the Internet, Cointelegraph auf Deutsch reported, Dec. 4. In addition to artificial intelligence (AI) and the Internet of things (IoT), blockchain technology is one of the current three areas of development with “tremendous potential,” the survey reports. Conducted by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom), the survey revealed that overall, 15 percent of German companies think blockchain will “change society and the economy as much…

Tim Draper Doubles Down On $250,000 Bitcoin (BTC) Prediction, Cites Global Adoption

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“All Times Are Good Times To Enter The Crypto Market” Tim Draper, a legendary venture capitalist based in Silicon Valley, has long been a believer in Bitcoin (BTC), reportedly buying boatloads of the asset (a reported 40,000 coins) in 2014. And even while BTC has exploded in value since then, undergoing a bull run that sent cryptocurrencies ‘to the moon’, Draper has claimed that he hasn’t sold, as he still expects this newfangled asset class to boom in the long haul. More specifically, speaking with CoinTelegraph, the “staunch” bull recently…

Path to Bitcoin Cash ABC—SV Parity?

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Latest Bitcoin Cash News The crypto market has been dismal to say the least. Commentators even insist that this crypto winter has been the longest in seven years and even in the midst of this value wiping slide, Roger Ver—the face of Bitcoin Cash, is optimistic and very bullish on the space. Roger Ver is an ardent fan of cryptocurrencies and his hate for centralized entities is what keeps him going and advocating for Bitcoin Cash whom he claims to be the “real Bitcoin”. Read: Crypto Lending Services Coming to…

BTC/USD Lose $202 to $3,800 as Sellers Flow Back

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Latest Bitcoin News Thing is, the crypto market especially BCH continues to dump and as a result, the future of the cryptocurrency market continues to draw mixed opinions. Some are expect this decline to extend throughout Q1 2019 while others are positive that bulls will snap back to action next year. The reason for this optimism is always anchored on the increasing institutional investment making forays into the space assisting in infrastructure developments. Read: Institutions Still Bullish On Crypto: Grayscale Owns 1% of All Bitcoin A few days back the…

Quoine CEO Expects New Bitcoin (BTC) All-Time High In 2019

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Quoine Chief: Nobody Knows Where The Bitcoin Bottom Is Even after Bitcoin (BTC) posted a dismal performance in November, purportedly the asset’s worst month since April 2011, diehard believers in this nascent asset class have maintained their zealous faith. Tom Lee, for instance,  recently told CoinTelegraph that Bitcoin, Ethereum (ETH), and XRP all have “staying power,” before adding that he expects for 2019 to be a “very good” year for BTC. And interestingly, Lee isn’t alone in touting such sentiment. After recently interviewing Roger Ver, the chief executive officer at Bitcoin.com, Bloomberg…

Pump and Dump Schemes Account for $7 Million of Monthly Trade Volume

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A recent study has found that pump and dump schemes account for about $7 million worth of trading volume per month, MIT Technology Review reported Dec. 4. The analysis was performed by researchers Jiahua Xu and Benjamin Livshits at Imperial College London. A pump and dump scheme is a form of securities fraud that has also become common in the cryptocurrency space. The organizers of the scheme choose a coin, boost its price and then “dump” sell their overvalued currency, which further leads to the price falls and losses among…

Number of Routers Affected by Crypto Malware Doubled Since August, Reaching 415K

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The number of MikroTik routers affected by cryptojacking malware has repotedly doubled since summer 2018, reaching 415,000, security researcher VriesHd tweeted Sunday, Dec. 2. Since August, VriesHd has been reporting on crypto malware that targets routers and forces them to mine cryptocurrencies along with the researchers from Bad Packets Report. They revealed that routers by Mikrotik, a Latvian manufacturer of network equipment, were compromised by at least 16 different types of malware including Coinhive, a cryptojacking software mining privacy-oriented cryptocurrency Monero (XMR). By September the estimated number of compromised routers…

Privacy-Friendly Cryptocurrency Zcash Goes Live on Coinbase.com

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Following the launch of Zcash (ZEC) on Coinbase Pro last week, Coinbase has announced support for the cryptocurrency on Coinbase.com and on the crypto exchange’s Android and iOS apps, enabling users to buy, sell, send, receive, or store ZEC throughout the company’s platforms and services. Zcash Now Available on Retail Brokerage Coinbase At the moment, Zcash support is available to customers in most jurisdictions, with the exception of New York state and the United Kingdom. According to the announcement, other jurisdictions may later be added. It will be recalled that following the price…