Day: January 1, 2019

HitBTC Freezes Customers’ Accounts ahead of Proof of Keys Event

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Cryptocurrency exchange HitBTC has frozen its customers’ accounts ahead of an annual proof of keys event, according to multiple sources. On December 31, 2o18, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after waiting six months to access his HitBTC trading account. He confirmed that while he had withdrawn a large portion of his money already, he had still left some of it back in his public address…

HitBTC Freezes Customers’ Accounts ahead of Proof of Keys Event

boss

Cryptocurrency exchange HitBTC has frozen its customers’ accounts ahead of an annual proof of keys event, according to multiple sources. On December 31, 2o18, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after waiting six months to access his HitBTC trading account. He confirmed that while he had withdrawn a large portion of his money already, he had still left some of it back in his public address…

Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method

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Retail Row, the merchandise store for the online video game Fortnite, has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option, Monero tweeted Jan. 1. Fortnite is an online video game released in July 2017 and developed by Epic Games, which reportedly accounts for more than 125 million players worldwide. In October 2018, Epic Games was valued at over $15 billion in its latest funding round. Retail Row supports crypto payments service GloBee, which allows retailers to accept cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP), while XMR…

Leading Bitcoin (BTC) Educator: Crypto Market Now More Rational, Tech Maturing

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Meet Bitcoin Diehard Andreas Antonopoulos Slate Magazine, an American “current affairs, politics, and culture” media outlet, recently sat down with Andreas Antonopoulos to look back at the crypto market’s performance in 2018. But first, what qualifies Antonopoulos to be speaking on the matter? If you don’t know him, Antonopoulos is a long-time Bitcoin evangelist, educator, and investor that famously offers substantial discounts to clients that pay him in BTC, rather than fiat. Since foraying into this industry in 2011, which follows his decade of experience at Nemertes Research and Thrupoint, the University College London…

Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

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Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New York-based venture capital firm Union Square Ventures and an early digital currency investor. In the blog post entitled “What is going to happen in 2019,” Wilson suggests that a range of events including a bear…

Bitcoin Price Celebrates New Year Inside an Interim Falling Channel

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Bitcoin price on January 1st saw a minor decline of less than 1 percent against the US Dollar on a 24-hour adjusted timeframe. The digital currency, which established a weekly high towards $4,239 ahead of Christmas, corrected to as low as $3,561 on Coinbase in later days. It attempted a minor bull run on December 28 but fell just short of $4,000 in absence of adequate bullish sentiment and trading volume – probably because of the New Year break. The first day of the year is now seeing Bitcoin consolidating…

Crypto ‘Largely Usable Only by Developers’ Wall Street Journal Says

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“Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article also states that “at the beginning of 2018, the question was whether Bitcoin could live up to the hype of 2017’s manic rally,” and at the end of 2018 the answer was “no.” Andy Bromberg — the founder of Coinlist — a platform for running regulatory-compliant token sales, explained…

2018 Was a Rough Year for Both Crypto and Equities Markets

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Although the traditional equities markets and the crypto markets don’t have a ton in common, they both had a rough 2018, and investors in both markets are hoping that 2019 proves to be different. Despite being a rough year price-wise, many analysts see the drops in both markets as being temporary, which could mean that 2019 will be highly profitable for investors who have been disheartened by the recent volatility. Crypto Markets Down Significantly Over One-Year Period Last year at this time the crypto markets were in the midst of…

Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

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The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of an interdepartmental group to look into potential advantages and feasibility. In August, RBI confirmed the creation of the group, specifying that it was researching a CBDC that would be backed the rupee for reasons including…

Bitcoin Falls Under $3,800 as Top Cryptocurrencies Remain Mostly in Red

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Tuesday, Jan. 1 — most of the top 20 cryptocurrencies are seeing discreet to moderate losses, while a handful report gains. Bitcoin’s (BTC) price is under $3,800 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over one and a half percent on the day, trading at around $3,740. Looking at its weekly chart, the current price is slightly lower than $3,814, the price of BTC one week ago. Furthermore, the current price is lower than the Sunday high of $3,961 and notably higher than…