Day: January 4, 2019

Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance

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A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4. Vaishali Mehta, whose LinkedIn profile indicates she served just over a year as senior compliance manager at the major San Francisco-based exchange, reportedly joined TrustToken in December 2018. Trust Token is the issuer of TrueUSD (TUSD), which has been listed on top crypto exchange Binance as of last May. The listing makes it a relatively early entrant amid…

BitTorrent will launch a Tron based cryptocurrency to enable faster downloads via uTorrent

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Peer-to-peer file sharing platform BitTorrent will launch its own cryptocurrency with the aim of creating an economy around networking, bandwidth and storage. Crypto tokens, dubbed BitTorrent (BTT), will be added to the company’s widely-used Windows client uTorrent, and an update will give users the option to earn and trade these tokens for faster download speeds. The platform’s indulgence in blockchain technology follows its acquisition by Tron, a project which aims to establish a decentralised internet, and serves as a prospective rival to similar peer-to-peer ledger-based crypto networks such as Ethereum and Blockchain. “BitTorrent…

$4K Ahead? Bitcoin’s Low-Volume Price Pullback Could Be a Bear Trap

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Bitcoin’s recent pullback from highs above $4,200 could trap the bears on the wrong side of the market, the price-volume analysis indicates. The leading cryptocurrency by market value is currently trading near $3,848, having clocked a low of $3,642 on Dec. 28. At that level, BTC was down 14.7 percent from the Dec. 24 high of $4,272, according to CoinMarketCap. Notably, daily trading volumes across all cryptocurrency exchanges have also dropped in the last few days. At press time, 24-hour trading volume stands at $4.57 billion – down 36 percent…

4 Unique Things in Bitcoin for Students

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Photo: Unsplash A student’s life is never easy, with classes, exams, exotic parties, and living far away from home there are many challenges to face. There is always a need to find something that will facilitate life around campus so every option is welcome. Bitcoin, blockchain based cryptocurrency, is becoming increasingly popular among the general population, however, not many people see all the practical benefits this digital currency has to offer. For this reason, we decided to create an article that will portrait some of the most valuable benefits Bitcoin…

Coinbase Has Still Not Issued Bitcoin SV to Customers

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Coinbase has yet to give Bitcoin Cash holders their Bitcoin SV from the Bitcoin Cash hard fork that happened November 15th 2018. The fork away from Bitcoin Cash by Craig Wright and Calvin Ayre’s preferred chain, called Bitcoin SV or “Satoshi’s Vision,” happened November 15th. The hash war was widely reported in CCN and elsewhere. The result was two forks of Bitcoin Cash. Just like the original Bitcoin Cash hard fork, this meant users who had money on the Bitcoin Cash chain would now by right have money on the…

Digital Retail Giant Overstock Set to Use Bitcoin for Tax Payments in 2019 Already

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The new year has begun just a couple of years ago but has already brought some surprising news for crypto enthusiasts. On Thursday, the US online retailer Overstock announced it would pay part of its business taxes in the state of Ohio with Bitcoin (BTC). The move is a way to promote cryptocurrency use. Overstock CEO and founder Patrick Byrne said: “We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

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Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…

Ethereum Price Analysis: ETH Holding Key Support, Could Bounce Soon

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Key Highlights ETH price corrected lower recently and traded below the $150 support against the US Dollar. There is a major bullish trend line formed with support at $145 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be preparing for an upward move above $152 and $156 in the near term. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD is likely to bounce back above $155 as long as it is above $140. Ethereum Price Analysis Yesterday, ETH price…