Crypto Exchange Bittrex to Block US Users From Trading in 32 Cryptos

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies. The exchange revealed the news in a post on its blog on June 7. Per the announcement, after June 21, U.S. traders won’t be able to access a slew of coins listed on the exchange, including QTUM and STORJ. The exchange noted that U.S. users will receive an email with explanations concerning what they are and are not allowed to do with the aforementioned assets. The options cited by the exchange include selling…

Local BCH Venue Opens and Community Goal Nears in the Weekly Update From Bitcoin.com

A new local bitcoin cash venue opens for trading worldwide and the community is nearing a funding goal milestone for BCH developers. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Why Bitpay Is Really Charging More for BTC Transactions Local BCH Venue Opens as Localbitcoins Removes In-Person Cash Trades This week’s show discuses the successful opening of Local.Bitcoin.com, a privacy-focused peer to peer global marketplace for trading bitcoin cash (BCH). Over 11,000 people have signed up to the service and already…

G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan. The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action: “We ask the FSB and standard setting bodies to monitor risks and consider work on…

Bitcoin Price Could Hit $25,000 Before 2020, Says Bullish Crypto Analyst

By CCN Markets: The bitcoin price could break above its all-time high by year-end 2019, according to Oliver Isaacs. The millionaire cryptocurrency analyst and trader told The Independent that more investors are viewing bitcoin as a safe-haven asset in the wake of growing macroeconomic tensions. Isaacs referred to the ongoing trade conflicts between the U.S. and China that last month sent the global equity market on a downward trend. The negative sentiment prompted investors to hedge in cryptocurrencies. He stated: “I believe bitcoin has the potential to hit $25,000 by…

Top 5 Crypto Performers: ATOM, LTC, BSV, BNB, XRP

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. For the past few days, cryptocurrencies have managed to hold onto a large part of their gains. This is a positive sign, as it shows that the bulls are not in a hurry to book profits. It is also comforting to see that…

Weiss Crypto Ratings Drops EOS Over Centralization Concerns but Who Cares

By CCN Markets: Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. EOS Downgraded by Weiss Rating Over Centralization Issues | Source: Weiss Crypto Ratings The US-based economic research agency said EOS has “serious problems with centralization,” three months after it put the project among the top three blockchains alongside Ripple and Bitcoin. Weiss argued that Block.one has taken no necessary steps to improve the protocol, adding that not even the firm’s event last week, wherein…

Bitcoin (BTC) Could See Further Pullback This Week, Warn Analysts

Analysts Bearish on Bitcoin Bitcoin (BTC) hasn’t been doing all too hot as of late. After skyrocketing higher by over 100% from early-April to late-May, the cryptocurrency has begun to taper off, with bulls clearly losing momentum over the past week. In fact, BTC hit $7,450 last week just days after rubbing shoulders with $9,100. This represented an approximately 20% decline in a few days’ time. While Bitcoin has since recovered slightly, with bulls wresting the asset to $7,900, some are fearful that a move lower may soon come to…

What Is a Satoshi, the Smallest Unit on the Bitcoin Blockchains

From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is passed, down to the 1 sat/byte rate on the bitcoin SV network, SAT is being used more and more in blockchain and crypto conversations. The satoshi is the smallest unit that is recorded on the bitcoin blockchains: One satoshi represents a decimal, seven zeros and a 1, followed by any of the bitcoin tickers — i.e., bitcoin (BTC), bitcoin SV (BSV) or bitcoin cash (BCH).…

Bullish Bitcoin Price on Course for Further Gains after 110% YTD Spike

By CCN Markets: Since achieving a new 2019 high at above $9,000 at most major crypto exchanges, the bitcoin price has dropped to around $7,900 by more than 12 percent against the U.S. dollar. After a 12 percent pullback, the bitcoin price is still up nearly $2,000 in the past 30 days (source: coinmarketcap.com) While many technical analysts have warned against the strong possibility of a pullback occurring in the near-term, which remains probable considering the 110 percent year-to-date gain of the dominant crypto asset, one trader says bitcoin is…

Bitcoin (BTC) Likely Overextended, Could Fall to Low-$7,000s

Bitcoin Yet To Fulfill Bull Market ‘Requirement’ Despite what some think, the Bitcoin (BTC) rally of 2017 wasn’t without its hitches. Over the course of the monumental year, during which BTC rose from irrelevance at $1,000 to the world’s hottest asset at $20,000, the cryptocurrency market was struck with crazy bouts of volatility. On some days, Bitcoin gained dozens of percent; on others, BTC stumbled, falling as a result of pure irrationality or bad news — namely China looking to ban cryptocurrency operations. This, according to Twitter analyst TraderX0, resulted…