Day: January 2, 2019

About 945 Retailers Worldwide Now Accept Bitcoin Cash

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News The number of online retailers accepting bitcoin cash (BCH) has swelled to more than 945 stores in the last few months. According to Marco Coino, which provides a directory of merchants that accept payments in BCH, more than 670 bricks and mortar retailers also now handle transactions in the cryptocurrency. In October, that figure stood at just over 500. Also read: Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews Low Fees and Faster Settlements Draw Merchants to BCH Europe is home to the greatest concentration of merchants…

Crypto Markets Are Mostly in Green, Ethereum Regains Top Altcoin Position

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Wednesday, Jan. 2 — The main cryptocurrencies have mostly been in the green for two days now, according to data from Coin360. Bitcoin (BTC) is still over $3,800 mark, while Ethereum (ETH) has regained the top altcoin position. Market visualization from Coin360 Proof of Keys — a celebration when BTC holders temporarily withdraw their funds from all exchanges and mediators  — is coming in just a few hours, and BTC has gained about 3 percent in price since the beginning of Jan. 2. The coin is traded at approximately $3,900…

Tron Price Analysis: TRX Up 4.1 Percent, Reaction at 2.1 Cents Important

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Latest Tron News Some individuals like Roubini have no kind words for Bitcoin. There are others like Jed McCaleb who think most ICO projects lack the technical merit to come through from their flowery white papers. He thinks Tron–and 90 percent of other ICO projects, is garbage. In a recent interview with Yahoo Finance, he is astounded and yet to comprehend why investors continue to pour funds to projects that might not lift off. “The allocation of capital and resources is wild to watch when these projects that have zero…

Bitcoin Space Growing on Almost All Metrics except Exchange Rate

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Infrastructure underpinning the world’s leading cryptocurrency bitcoin is looking better even though its value has fallen by more than 80 percent since the peak, argues prominent cryptocurrency software engineer Jameson Lopp. The renowned cypherpunk, who also serves as the chief technical officer to cryptocurrency security company Casa, narrowed down bitcoin‘s performance in 2018 based on multiple metrics. The aggregated data revealed that the digital currency had an excellent year concerning general and academic interest, funding, data anchoring, software upgrades, and on-chain security. It also found that bitcoin performance suffered in almost…

Ripple Price Analysis: XRP Drop to Third, Coins Moved to OTC Distribution Wallets

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Latest Ripple News Margins are tight, and after a five-month stint at second, XRP is back to third. Despite high volume activities which XRP and Ripple sleuths point to “abnormal” movement of coins to Ripple owned Escrow addresses. For example, on Jan 1, 2.9 billion worth of XRP worth $1.1 billion at market prices were moved to several OTC Distribution and Escrow wallets for mere cents. As expected, movements of such magnitude can be a cause of speculation and even unfounded hype—rumor now has it that Ripple is on the…

Philippine Securities Regulator Postpones ICO Regulation Release

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The Philippines Securities and Exchange Commission (PSEC) is not ready to issue final initial coin offering (ICO) regulation. The legislation was meant to be released before the end of 2018, English-language local media The Philippine Star reports on Dec. 31. The aforementioned article attributes the delay of the release to a request by different stakeholders for further time to look at the draft ICO rules. The PSEC has reportedly revised anew the proposed regulation by taking into account different shareholders’ input. In the draft guidelines, the regulatory body established that…

The Daily: Wallet Brings Bitcoin to Facebook, Fortnite Store Accepts Crypto

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In this edition of The Daily, crypto wallet Lite.im, which is integrated with popular messengers, has added support for BTC. Also, the online store selling Fortnite merchandise now accepts monero and esports company Unikrn has launched a crypto betting platform using technology from Bittrex.   Also read: Best Selling Authors Introduce Bitcoin to Followers Crypto Wallet Lite.im Adds Support for BTC Lite.im, a cryptocurrency wallet that allows users to transact via Facebook Messenger, Telegram and SMS, has recently announced it’s adding support for bitcoin core (BTC). The service launched in…

Bitcoin Price Analysis: BTC Back above $4,000, Jimmy Song Confident

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Latest Bitcoin News The fall from 2017 peaks was a test of resilience and even dashing for those who bought on “dips”. Though the technique called Dollar Cost Averaging may work, last year’s meltdown coincided with a cool off period weeks after the Bitcoin and altcoin market rallied to new highs. No doubt, the 74 percent retracement shook retail investors to the core. To quantify, there was a radical re-valuation and the total market cap shrunk 85 percent from peaks of $795.6 on Jan 6, 2018, billion to just over…

ICE’s Crypto Exchange Startup Bakkt Raises $182 Mln

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Bakkt, the crypto currency exchange startup owned by Intercontinental Exchange (ICE), raised $182.5 million to build its global digital assets platform and bitcoin futures product. Baktt CEO Kelly Loeffler said the company completed its first round of funding from 12 partners and investors, which included Boston Consulting Group, Galaxy Digital, Goldfinch Partners, ICE, Pantera Capital, Protocol Ventures and M12, which is Microsoft’s venture capital fund. Baktt is already collaborating with companies like Starbucks. The company is awaiting approval from the Commodity Futures Trading Commission for the trading, clearing and warehousing…

Blockchain Will Become Normalized in 2019

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MIT Technology Review has published an article today, Jan. 2, arguing that 2019 is the year in which blockchain will become mundane. The Review is a magazine that is independent but wholly-owned by the United States Massachusetts Institute of Technology (MIT). The article gives a laconic overview of its take on the recent history of blockchain, claiming that the technology was “a revolution that was supposed to disrupt the global financial system” in 2017, but that it was a disappointment in 2018 — in light of the significant decline in…