Day: December 24, 2018

Bitcoin Equipment Maker Ebang Re-Applies for Hong Kong Listing

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Finance Ebang International Holdings Inc., a Chinese bitcoin mining equipment maker, has refiled documents for a public share sale with the Hong Kong stock exchange after its first submission failed to proceed. Money raised from the initial public offering (IPO) will go towards development of new mining hardware and non-crypto blockchain applications, among other things. Also read: Bermuda Issues Draft Crypto Custodial Services Regulation IPO Seeks to Raise Undisclosed Amount Ebang’s filing did not reveal how many shares the company planned to sell, or their expected price, according to IPO documents…

Bitcoin Maintains Bullish Bias, Eyeing $4,500 as Upside Target

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Bitcoin on Monday maintained its bullish bias despite facing rejection by a strong resistance area. The bitcoin-to-dollar exchange rate surged from $3,956 to $4,244 as the Asian session kicked in. The pair attempted a breakout action but got held by a moderate selling pressure near the session peak. By the European session, an interim bearish correction has brought bitcoin to its session low near $4,022. At press time, the Bitcoin/Dollar rate again is going through a minor accumulation period, which could enable the pair to retest $4,244 for a potential…

Bitcoin Bounces above $4,000 as Santa Rally Brings Relief to Markets: BTCManager’s Week in Review

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The price of bitcoin rallied by over 20 percent to close the week above the $4,000 thanks to a “Santa Rally ahead of Christmas. After weeks of red markets, this rally provided some relief to crypto investors as the market seems undecided on whether it wants to find a new bottom or rally into the new year. As usual, opinions about where bitcoin is heading next mixed. Andrey Alekhin, CEO of blockchain art laboratory Snark.art, said: “I don’t think that this is the end of a bear trend. At least…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 24

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Christmas has brought some cheer to the crypto traders. The total crypto market capitalization has spiked by about 29 percent from just under $101 billion on Dec. 15 to $143 billion on Christmas Eve. Though it is still way below its all-time-high, the…

Italian Financial Regulator Issues Cease and Desist Order to Crypto-Related Project

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The financial regulator of Italy has barred a cryptocurrency-related project from operations for the provision of allegedly unauthorized investment services, according to an official statement published Dec. 14. Founded in 1974, the Italian National Commission for Companies and the Stock Exchange — or Commissione Nazionale per le Società e la Borsa (CONSOB) — is the government authority of Italy responsible for regulating the Italian securities market. The company prohibited by the CONSOB, Avacrypto, allegedly offered its services to the Italian public without the required authorization, including operating through the website…

Ex-CIA Official Claims Blockchain Is ‘Biggest Threat’ to Future of US National Security

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Andrew Bustamante, reportedly a former CIA intelligence officer, has claimed blockchain is “super powerful stuff” that represents a threat to America’s national security. Bustamante, who specializes in publishing life-hacks based on his knowledge of espionage, made his elliptical remarks in a subreddit thread on Dec. 22. Bustamante is also reportedly a United States Air Force veteran and Fortune 10 corporate advisor. He brought up blockchain in response to a question in a subreddit thread, on news aggregation site Reddit, dedicated to Bustamante’s “Everyday Espionage” — what he dubs an “integrated…

Why Goldman Sachs Suddenly Starting Bitcoin Business is Unrealistic: SolidX

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CEO of SolidX Partners Daniel H. Gallancy According to Daniel H. Gallancy, the CEO of SolidX Partners, it was unrealistic to anticipate Goldman Sachs to run a Bitcoin business before the year’s end. Speaking to Bloomberg, Gallancy, who has been working with a major investment firm in VanEck to introduce a Bitcoin exchange-traded fund (ETF) in U.S. markets, said that investors prematurely expected Goldman Sachs, Morgan Stanley, and other financial institutions in the U.S. to provide Bitcoin custodial solutions and operate digital asset exchanges. He said: The market had unrealistic…

Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

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As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

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As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Feed 7 Different Species at the River Forest Farm’s ‘Bitcoin Cash Zoo’

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Back in October, members of the Bitcoin Cash (BCH) community discussed feeding chickens with mealworms over the internet from remote locations using BCH microtransactions. Now BCH users can provide food for horses, baby goats, roosters and more using River Forest Farm’s livestream and pay for feed using bitcoin cash. Also read: This Chicken Coop Feeder Is Powered by Bitcoin Cash Payments in Real Time The BCH Zoo: Feed 7 Different Species With Bitcoin Cash Bitcoin Cash fans thought it was pretty cool when Spencer Lambert (Redpepper261) created a mealworm dispenser that…