Day: December 26, 2018

Bitcoin Price Finds Bears Near $4,200, At Last Leg Before Breakdown

boss

Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $3,850 but rejected extended upside targets in a pullback action that stretched to as low as $3,686. Before the European session matured, the pair had already bounced back from the said support to pursue another attempt to break $3,850. As of now, it is hanging midway between the two levels, trading at $3,791. BITCOIN/DOLLAR 1D CHART | SOURCE:…

Crypto Exchange KuCoin Delists 10 Tokens as Market Liquidity Declines

boss

The Singapore-based cryptocurrency exchange KuCoin has announced that they are delisting ten crypto tokens under their Special Treatment Rules framework that ensures that the tokens listed on the platform meet a strict set of operational criteria. The platform’s decision to delist these tokens comes amidst a persisting bear market that is leading many smaller cryptocurrencies to be illiquid, which can lead to a host of problems including increased susceptibility to fraudulent trading activity, including pump and dump schemes. Token Desisting Becomes More Common Amidst Crypto Bear Market The crypto bear…

Scientists Turn Copper into ‘Gold’ — Will Bitcoin Replace as Store of Value?

boss

According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at the Dalian Institute of Chemical Physics at the Chinese Academy of Sciences in Liaoning have developed a method to turn cheap, plentiful copper into a substance that is “almost identical” to gold, accomplishing what alchemists…

Scientists Turn Copper into ‘Gold’ — Will Bitcoin Replace as Store of Value?

boss

According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at the Dalian Institute of Chemical Physics at the Chinese Academy of Sciences in Liaoning have developed a method to turn cheap, plentiful copper into a substance that is “almost identical” to gold, accomplishing what alchemists…

Litecoin Foundation to Sponsor UFC Title Fight in Bid to Increase Crypto Adoption

boss

The Litecoin Foundation will sponsor an event of the Ultimate Fighting Championship (UFC) mixed martial arts organization, according to an announcement published Dec. 26. In the statement, the foundation said that it has become the “Official Cryptocurrency Partner” of the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson. The Litecoin Foundation stated that the sponsorship is part of its effort to expand the adoption of digital currencies, saying: “With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 26

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. 2018 has not been a profitable year for most asset classes. Tightening interest rates by the United States Federal Reserve, slowing growth, trade wars and fears of a recession have led to a sharp slump in various markets. Leading crypto companies like Beijing-based Bitmain…

Mining One Bitcoin a Month Would Require Harvesting Body Heat from 44,000 People

boss

In a bid to raise awareness about the crypto industry’s energy consumption, the Institute of Human Obsolescence, a Dutch organization focused on data ownership, explored the energy usage of Bitcoin and found that 44,000 would need to provide their body energy for a month in order to mine a single Bitcoin, Motherboard reported on January 3, 2017. Bitcoin’s Troubling Ecological Footprint Yields Impressive Experiments The most popular cryptocurrency on the market today, both by market cap and trading volume, has frequently been dubbed the future of finance and is often…

Can OTC Market Actually Have a Significant Impact on the Bitcoin Price?

boss

The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $1 million to ensure the market has enough liquidity to facilitate the settlement. Why OTC Market is Better Than Bitcoin Exchanges On major fiat-to-crypto exchanges like Coinbase, Skew, a cryptocurrency options market data provider, said that purchasing over $4 million in Bitcoin could cost…

Indian Governmen​t​s favor the legalization of cryptocurrencies

boss

The Indian country in agreement with cryptocurrencies According to reports coming from the government committee in India, there has been reports that have suggested that the application of cryptocurrencies can become legalized in the country. Coming from a few reports, there is an official who attended the panel discussion on cryptocurrencies who have mentioned that: “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders.” Government panel discussions previously reported that they have suggested that a complete ban on…

Korean Court Acquits Crypto Exchange Bithumb After Investor Filed Lawsuit Over $355K Hack

boss

South Korean crypto exchange Bithumb has won a lawsuit in which an investor had sued the company for his loss of around $355,000 in an alleged hack. Local financial newspaper The Korea Economic Daily reported on the outcome on Dec. 24. According to the report, the investor — 30 year old civil servant Ahn Park — alleged he had been the victim of a hack of his Bithumb account on Nov. 30, 2017, which resulted in a loss of 400 million Korean won, or around $355,000. Within hours of making…