Month: April 2019

Crypto Markets Drops as Bitcoin Fails to Hold $5,300 Support, Stocks Hit All-Time Highs

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Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red. Bitcoin cash (BCH), the fourth top crypto by market cap, has dipped as much as 7.1% over the day to trade at $242 at press time. While the majority of the top 20 are seeing sufficient losses, IOTA (MIOTA) has surged almost 18% over the past over the past 24 hours. The growth comes amidst the news that British car manufacturer…

Bitcoin ETF Setbacks Cost These Crypto Bulls a Mind-Boggling Fortune

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By CCN: Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public market to purchase bitcoin in a regulated and protected environment. Why These Crypto Investors Are Buying Bitcoin at $6,179 a Pop GBTC is the closest investment vehicle to an exchange-traded fund (ETF) in the sense that it enables investors to invest in bitcoin without having to worry about storing or safekeeping the dominant cryptocurrency. Traded on…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29

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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. 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. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Bitcoin is in a bull market and it is likely to make a new high in 2020. Lee has based his views on a few signs that, according to him,…

A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

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Two Bitcoin Cash (BCH) community members recently offered up a bounty for someone to fork the decentralized trading platform Bisq using BCH as the native currency. Now it seems a programmer has started the project in order to port Bisq over to BCH with help from BCH developer Pokkst’s Bitcoincashj implementation. The project is still in the midst of development but the platform works on Intellij and the programmer says Bitcoin Cash is very close to getting its own decentralized exchange. Also read: Bitmain Aims to Leapfrog Competition With Its…

After Jaguar, IOTA Adds 14.6 Percent as Participation Expands 4.5X

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IOTA prices surge 14.6 percent Partnership with Jaguar means rewarding drivers in IOTA, boosting adoption Jaguar announcement did stimulate IOTA bulls. At spot rates, IOTA is up 14.6 percent complete with high volumes, three times the average. Even so, IOTA is technically bullish after late Dec 2018 events thrusting prices above a seven-month resistance trend line. IOTA Price Analysis Fundamentals There is a re-awakening and leading the charts is IOTA, a coin whose founders say will power the world of IoT. However, it has not been like this. Before this…

Bitcoin Stock Slapped with Trading Freeze Amid SEC Probe

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By CCN: Shares of Bitcoin Generation (BTGN), a little-known Bitcoin stock, last traded at 9 cents. They will remain there until at least May 10 while the Securities and Exchange Commission launches a probe into the Oklahoma-based company’s finances. US Regulators Investigate Public Crypto Exchange The SEC has some questions about an Oklahoma-based cryptocurrency exchange. | Source: Shutterstock The Bartlesville, Oklahoma-headquartered company offers a regulated cryptocurrency exchange that supports Bitcoin, Bitcoin SV, Ethereum, Litecoin, XRP, and Monero. It bills itself as the first “publicly traded cryptocurrency exchange.” This is debatable,…

What We Know About Nike’s Potential Gateway Into Crypto

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Nike, the United States footwear and clothing behemoth, has recently joined the ranks of mainstream corporations that are considering entering the field of cryptocurrencies, currently spearheaded by the likes of Facebook and Starbucks. A document filed with the U.S. Patent and Trademark Office (USPTO) surfaced online earlier this week, revealing Nike’s intention to launch “cryptokicks” — which appears to be more than just a new line of sneakers. What are “Cryptokicks”? The news about Nike’s “cryptokicks” trademark was originally broken by Josh Gerben, a trademark attorney in the U.S. who…

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

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Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50. Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort of 150 platforms under the Huobi Cloud umbrella, according to Huobi Group’s senior business director David Chen. “We will help them get their trading volume up and we’ll expand our business when the market is more mature,” Chen said, adding that up to 80 like-minded partnerships are currently in the…

Bitcoin Cash (BCH) Meltdown, down 17.8% Losing $700 million in 3 Days

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Bitcoin Cash free fall, down 17.8 percent Hash rate, median transactional value and public addresses dismal Roger Ver is of the view that BCH is a medium of exchange coin, and Bitcoin supporters are lost. However, other statistics reveal that Bitcoin Cash activity is low with a median transactional value of less than one cent. At the same time, the hash rate is flat with dwindling public addresses. Bitcoin Cash Price Analysis Fundamentals On one end, Roger Ver, the main protagonist behind Bitcoin Cash, maintains that BCH supporters never left…

NYSE-Linked Bitcoin Exchange Bakkt Just Unveiled a Major Acquisition

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By CCN: Bakkt – the cryptocurrency startup launched by New York Stock Exchange (NYSE) owner Intercontinental Exchange – just yanked the lid off the full range of its blockchain ambitions. The firm announced today that it has acquired Digital Asset Custody Company (DACC) as part of its efforts to gain regulatory approval for its crypto products. Reportedly, Bakkt is less concerned with merely building a Bitcoin exchange than they are with offering institutional custody and payment platform services, all of which still requires regulatory approval. Bakkt Acquires Crypto Custodian DACC…