Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red

Bitcoin (BTC) fell by more than 11 percent on Wednesday to reach its lowest level since October 2017. This sudden fall comes after months of contracting volatility leading to a prolonged period of sideways trading and stability. Presently, numerous theories are circulating as to why the top-ranked cryptocurrency has taken such a nosedive. Bitcoin “Death Candle” Looking at the chart below, one can easily make out the massive “death candle” that took the price of Bitcoin all the way down to $5,600. This is the second time that the top-ranked…

Tax Regulator Warns of Fraudulent Requests for Tax Payment via BTC ATMs

The Australian Taxation Office (ATO) has published a warning Nov. 14 about scammers demanding tax payments through Bitcoin ATMs. The post notes that the number of scammers who request payment through BTC has now exceeded those who ask for iTunes giftcards. Kath Anderson, the Assistant Commissioner at the ATO, said this year that the number of scammers pretending to be associated with the ATO in order to request fraudulent taxation payments had increased, asking “Australians to be on high alert for tax scams.” Back in the spring, the tax regulator…

American Man Sentenced For $1.1 Million Bitcoin (BTC), Litecoin (LTC) Scheme

Cryptocurrency traders and investors may be hurting, but that hasn’t stopped regulators from bringing crypto-related criminals to justice. Just recently, a leading financial regulator has brought an Arizona-based man to justice for stealing upwards of $1 million in Bitcoin (BTC) and Litecoin (LTC). CFTC, U.S. Courts Charge Arizona-based Man For Stealing Bitcoin, Litecoin On November 9th, the U.S. Commodity Futures Trading Commision (CFTC), issued a press release to reveal that it was sentencing one Joseph Kim, a Phoenix, Arizona native, to jail for his affiliation with a Bitcoin- and Litecoin-related…

Survey: 9% Of Britain Millennials Own Bitcoin (BTC)

93% Of Brits May Have Heard Of Bitcoin, But Only 4% Own BTC In spite of the crypto market’s dismal performance in 2018, a post-mortem report from YouGov, an international market data analytics corporation, has revealed that upwards of 93% of Brits have heard the good name of Bitcoin (BTC), even though it has been just 10 years since Satoshi Nakamoto released the network’s original whitepaper. However, in YouGov’s post-mortem of the survey, it was also revealed that only 4% of study respondents explained that they understand Bitcoin “very well,”…

McAfee: Bitcoin (BTC) At $1 Million By 2020 Is “Conservative”

The True Value Of Bitcoin (BTC) Is Escalating Tremendously John McAfee, a well-known tech-centric entrepreneur turned crypto diehard, recently sat down with CoinTelegraph in an exclusive interview to discuss his views on the current state of crypto. Interestingly, even as prices stagnate and remain 72% under the infamously funny “McAfee Dick Line,” the eccentric crypto savant has maintained his thought process that Bitcoin (BTC) will somehow surpass $1 million during 2020, a mere ~18 months away. Late into the interview, the Cointelegraph interviewer posed a tough question — asking McAfee how…

This Limited Edition Watch Will Cost You $25,000 in Bitcoin (BTC)

To celebrate the ten year anniversary since the creation of Bitcoin (BTC), a company known as Hublot is launching a limited edition watch. The watch – known as the Big Bang Meca-10 P2P – is available for purchase online using only Bitcoin. The watch will have the transaction number of the purchase engraved on the edge of the bezel: the grooved ring holding the cover of a watch face. Two versions of the watch can be found below courtesy of Hubolt. Ricardo Guadalupe, CEO of Hublot, stated the following about…

Andrew Fleming, Former Dow Jones Executive, Joins BTC Inc as Head of Media

BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry. Before coming to BTC Inc, Fleming was the Head of Content Platforms at Dow Jones, parent company of the Wall Street Journal, MarketWatch, Barron’s and many other leading publications. Prior to Dow Jones,…

5,000 BTC Missing, and Other Details of the Winklevii vs. Shrem Case

On November 2, details of a crypto lawsuit featuring major industry players: Bitcoin Foundation founder Charlie Shrem on one side, and the Winklevoss twins on the other, were made public. The case alleges that Shrem “stole” around 5,000 Bitcoin (BTC) from Tyler and Cameron Winklevoss in 2012. Brief introduction to both sides of the conflict Charlie Shrem Charlie Shrem is an American entrepreneur and renowned Bitcoin advocate. He started investing in Bitcoin in 2011, when he was a college senior. Later the same year, he co-founded the now-defunct BitInstant, one…

Bitcoin (BTC) Transaction Count On The Rise: Bullish, Not Bearish Indicator

On-Chain Bitcoin Transaction Count “Inches Upward” With another week, comes another insightful report from Diar, the crypto industry’s leading newsletter. In the publication’s most recent edition, which was released on Monday morning, Bitcoin (BTC), the so-called “king” of the crypto market, evidently remained a topic of focus. We’ve published our latest issue for your read:Grayscale Sees Record Inflows, But Interest Slightly Wanes#Crypto Exchange Funding Passes $1Bn Mark Post Coinbase Raise#Bitcoin Hashrate Stalls, Transactions Inch Up-Op-Ed by Jackson Palmer (@ummjackson)https://t.co/JPGwQXd9XR — Diar (@DiarNewsletter) November 5, 2018 Interestingly, Diar’s researchers touched on…

Novogratz Bitcoin Prediction: BTC To Surpass $20,000 After Q2 2019

Since Mike Novogratz, a former Wall Street banker, has forayed into the crypto ecosystem, he hasn’t shied away from making predictions regarding the future of this nascent industry and the value of crypto assets, like Bitcoin (BTC). And although some of his comments and forecasts have come under fire from industry pundits, with a recent report from Financial News London, it seems that the long-running Novogratz saga has continued, with the prominent investor issuing further comments and predictions regarding this market. Speaking with Financial News, a Dow Jones-backed media outlet focused…