Day: June 12, 2019

Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month high

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View Bitcoin’s price consolidation in a tight range continues for the eighth day, as litecoin rallies to its highest level since May 2018. BTC’s 4-hour chart shows $8,053 is the level to beat for the bulls. A high-volume break higher could be followed by a rise to $8,500. LTC looks set to extend its recent rally as per the 3-day chart. LTC already rallied more than 100 percent in the last six weeks, so a pullback to $120 could be seen before further gains. Bitcoin (BTC) is lacking a clear…

CCN Casts Doubt on Shutdown Plans as Google Appears to Correct Visibility

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Cryptocurrency news outlet CCN.com (formerly CryptoCoinsNews) has U-turned on its abrupt decision to shut down, staff confirmed in an article on June 12. CCN, which on Monday published a warning that it would cease operations immediately over an ongoing Google indexing debacle, says it is still working to understand changes in its online visibility. As Cointelegraph reported, an update to Google’s algorithm allegedly produced an instantaneous 70% drop in traffic for CCN, with executives subsequently saying they had no choice but to abandon the project. Now, support from Google has…

CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting

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London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12. According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies — including spoofing and incentivized trading schemes — to artificially inflate trade volumes. The press release outlines: “The problem has been getting…

Azerbaijan Government Partners With IBM on Blockchain Customs Deal

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IBM is expanding its partnership work with Azerbaijan’s government to bring blockchain technology to customs procedures, Central Asian-focused Trend News Agency reported on June 12. Following a reported deal with the country’s central bank in October 2018 — which should see blockchain deployed in various areas over a five-year period — IBM will now use the technology to target cargo transportation. The news came from Azerbaijan’s State Customs Committee, the chairman of which, Safar Mehdiyev, spoke about the plans at a press conference during the ongoing IT/TI Conference and Exhibition…

Coinbase Boasts ‘Extremely Strong’ Debit Card Launch in 6 EU Nations

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By CCN Markets: Coinbase is expanding its crypto debit card into six more European countries on Wednesday. After launching in the UK in April, the company saw “extremely strong take-up” for the card, and “blew past” the initial target of 1,000 cards. The Coinbase Card will now roll out in Germany, Spain, France, Italy, Netherlands, and the Republic of Ireland. On its blog, Coinbase explained: “Coinbase Card lets anyone with a Coinbase account in a supported country spend their crypto instantly worldwide. Since launching in the UK, Coinbase Card users…

Coinbase Boasts ‘Extremely Strong’ Debit Card Launch in 6 EU Nations

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By CCN Markets: Coinbase is expanding its crypto debit card into six more European countries on Wednesday. After launching in the UK in April, the company saw “extremely strong take-up” for the card, and “blew past” the initial target of 1,000 cards. The Coinbase Card will now roll out in Germany, Spain, France, Italy, Netherlands, and the Republic of Ireland. On its blog, Coinbase explained: “Coinbase Card lets anyone with a Coinbase account in a supported country spend their crypto instantly worldwide. Since launching in the UK, Coinbase Card users…

Telegram Says They Haven’t Heard of Gram Asia, Token Sale Was a Bluff

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As it appears, Telegram GRAM token sale, which was announced yesterday by Liquid, a Japanese exchange, won’t happen after all. At least not on Liquid and not by Gram Asia. This was a big bluff, and many journalists took the bite. As we reported earlier, news of Telegram‘s digital token GRAM being listed on Liquid Exchange shook the crypto-internet. Liquid announced that they had partnered with Gram Asia, which reportedly was introduced as the largest holder of the native TON token in Asia. The exchange explained that they will have…

Telegram Says They Haven’t Heard of Gram Asia, Token Sale Was a Bluff

boss

As it appears, Telegram GRAM token sale, which was announced yesterday by Liquid, a Japanese exchange, won’t happen after all. At least not on Liquid and not by Gram Asia. This was a big bluff, and many journalists took the bite. As we reported earlier, news of Telegram‘s digital token GRAM being listed on Liquid Exchange shook the crypto-internet. Liquid announced that they had partnered with Gram Asia, which reportedly was introduced as the largest holder of the native TON token in Asia. The exchange explained that they will have…

Crypto Wallet Says It Offers 1,000 EOS Accounts for Free

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A crypto wallet provider says it has launched a giveaway that allows 1,000 users to get a free EOS account. Lumi Wallet notes the giveaway is taking place on a first-come, first-served basis. Instead of answering quiz questions, preparing a submission or entering into a lottery system, all that participants need to do is sign up in EOS for free. The promotion will end when all of the accounts have been snapped up. The company says the giveaway is in partnership with Minergate and Changelly, and comes as Lumi vies to become…

CryptoCompare Launches Benchmark Rankings for Cryptocurrency Exchanges

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Cryptocurrency data and indices provider CryptoCompare is working to make it easier to spot good, and bad, crypto exchanges. Announced Wednesday, the company has launched a benchmark ranking of over 100 active spot exchanges from across the globe, offering users a “comprehensive, granular and reliable source of information on the best trading venues.” CryptoCompare’s Exchange Benchmark was launched to address the need for reliable metrics to evaluate the large number of cryptocurrency exchanges now offering services around the world. The firm explains: “Employing both a qualitative (due diligence) and quantitative…