Day: June 21, 2019

Bitcoin Price Tops $10K for First Time Since 2018

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Bitcoin’s price soared above $10,000 on cryptocurrency exchanges for the first time in 15 months. The price hopped the $10K barrier at 7:35pm Eastern Time. At press time, the top cryptocurrency by market capitalization is trading at $$10,080.49 – the highest level since March 8, 2018 – representing month-to-date gains in excess of 13 percent, according to CoinDesk’s Bitcoin Price Index.  On a 24-hour basis, BTC is outshining most top 10 cryptocurrencies with 7 percent gains. The price rise is backed by a 12 percent jump in trading volumes. As per…

BREAKING: Bitcoin Price Tops $10K for First Time Since 2018

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Bitcoin’s price soared above $10,000 on cryptocurrency exchanges for the first time in 15 months. At press time, the top cryptocurrency by market capitalization is trading at $$10,080.49 – the highest level since March 8, 2018 – representing month-to-date gains in excess of 13 percent, according to CoinDesk’s Bitcoin Price Index.  On a 24-hour basis, BTC is outshining most top 10 cryptocurrencies with 7 percent gains. The price rise is backed by a 12 percent jump in trading volumes. As per data source CoinMarketCap, $21 billion worth of bitcoins have traded…

Bitcoin (BTC) Breaks Past $10,000, Analysts Await Mass FOMO

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That’s right, at long last, Bitcoin (BTC) has reached five digits in the ongoing bull run, according to TradingView.com. The last time the cryptocurrency was in this price range was a year ago. With this strong swing to the upside, which comes just weeks after analysts en-masse were calling for a “strong correction”, many are sure that so-called “FOMO” from a retail audience will soon grace this market. Bingo — Barry Silbert (@barrysilbert) June 21, 2019 Bitcoin Surges Past $10,000 The past week or two have been absolutely stellar for…

Bloomberg: Bitcoin Mining Giant Bitmain is Pursuing IPO Plans Again

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Bitcoin Powerhouse Looking to Go Public… Again According to a recent report from Bloomberg, Bitmain, one of the world’s largest crypto companies, still has plans to go public. The Bitcoin mining giant, best known for its ASIC machines, submitted a proposal to trade on public markets, namely the Hong Kong Stock Exchange, but was tacitly denied when its application lapsed. No explicit reason is known for the lapse, but reports suggest that it was due to the company’s inconsistencies in terms of profit, high valuation, and the day-to-day volatility of…

Bitcoin Breaks $10,000 for First Time Since March 2018

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Bitcoin (BTC) has continued its steady rally in price over the past three months to break $10,000 today for the first time in over a year, according to Coin360. – Market visualization courtesy of Coin360 Bitcoin broke the $10,000 mark today after trading in the $3,000-$4,000 range for the first four months of this year. As of press time, Bitcoin is up 6.53% on the day and trading at $10,153. – Bitcoin 1-year price chart. Source: Coin360 Bitcoin’s recent price rally has seen commentators like Fundstrat’s Tom Lee predict new record prices…

Bitcoin (BTC) To Break Past $10,200 in 24 Hours, Fractal Suggests

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Crypto Surges, Market Cap Passes $300B Just weeks ago, certain analysts were calling that Bitcoin (BTC) was topping. These crypto investors used terms like “strong correction” and “bearish retracement” to describe what they expected to come to fruition. While they were partially right, in that BTC fell to $7,450 from $9,100 in a week’s time, what followed was shocking, catching traders with their pants down. Since hitting $7,450 just a week or two back, Bitcoin has exploded higher, with bulls clearly showing they are in control. In fact, as of…

How Ben Mezrich Writes About the Winklevoss Twins

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Molly Jane Zuckerman is the head of news at Cointelegraph. The views expressed here are her own and do not necessarily represent the views of Cointelegraph. This article contains spoilers. The irony of a book about the Winklevoss twins’ journey into cryptocurrency — which stresses over and over again how important it has been to their legacy to eclipse their past dealings with Facebook and Mark Zuckerberg — getting published less than a month before Facebook’s secretive cryptocurrency project was unveiled to the world is almost too obvious a way…

Ethereum Adopts Enjin’s ERC-1155 Token Standard: A Crypto Revolution

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For many years now, Ethereum has been at the forefront of the smart contract and decentralized application industry. The blockchain hosted the first widely-used collectible game, the now-infamous CryptoKitties; much of 2017’s countless initial coin offerings; and one of the largest crypto-centric prediction markets, Augur. Some of these applications of Ethereum have been enabled by tokens, namely those of the ERC-20 and ERC-721 variant. Binance Coin, for instance, was a widely-used ERC-20 token when it launched in mid-2017. And the adorable creatures you purchase, breed, and sell in CryptoKitties are…

Grayscale’s Ethereum Security Now Listed on OTC Markets

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Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is available for trading on OTC Markets, according to an official blog post from Grayscale Investments on June 20.   According to the post, ETHE is “an open-ended trust that holds Ethereum.” As further noted, this is a means of investing in Ethereum without having to actually hold the cryptocurrency. This means that the “first U.S.-based publicly quoted security solely invested in and deriving value from the price of Ethereum is available.”   Grayscale’s Director of Investments and Research Matt Beck commented on…

Kleiman Attorney: ‘Craig Wright Hasn’t Complied With the Order to List His Bitcoin’

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A court filing has surfaced in the ongoing Kleiman v. Wright lawsuit that gives details concerning the existence of the alleged Tulip Trust and another trust known as the Tulip Trust II. The filing of Craig Wright’s declaration dated May 8, 2019 is partially redacted but gives a description of the ostensible trusts of bitcoin holdings. Further, the court mediation between both parties held on June 11 shows the case did not settle and resulted in an impasse. Kleiman’s lawyer has also revealed that Wright has not complied with the…