3 August 2018

On This Day

Bitcoin price

Closing price: $7415.5613 Powered by Coindesk


Australian State Grants Crypto Startup $100k to Boost Tourism
An Australian state government has awarded $100,000 to a crypto travel company in an effort to bolster its tourism industry.
Bitcoin Eyes Short-Term Bear Market After Two-Week Lows
Bitcoin has retraced 40 percent of the rally from the June low of $5,755, signaling a short-term bullish-to-bearish trend change.
Yenom Launches Bitcoin Cash Library Implemented in Apple's iOS-language Swift
This week the developers of the Bitcoin Cash-centric mobile wallet called Yenom have introduced a new Bitcoin Cash Kit (BCK) for BCH developers.
Buying Coffee With Bitcoin Just Got a Step Closer to Reality
It's hard to buy coffee with Bitcoin, but Starbucks Corp. may be poised to make that easier. The beverage retailer is teaming up with one of the world's ...
Bitcoin Must Reach This Level To Replace US Money Supply, Says UBS
(Kitco News) - Crypto bulls will need to be very patient if they ever want to see bitcoin replace the U.S. money supply, such as paper currency, cheques ...
NYSE Parent ICE's New Futures Contract Will Deliver Real Bitcoin
Intercontinental Exchange, owner of the New York Stock Exchange, says it plans to launch a digital assets platform and bitcoin futures product.
London-Based Coinfirm and Nigeria’s KAD ICT Hub Launch Africa Blockchain Lab to Increase Financial Inclusion across Africa

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

New York Finance Watchdog 'Fiercely Opposes' Sandboxes for Fintech Firms
The chief of New York's financial regulatory body said Tuesday that the agency is "fiercely opposed" to regulatory sandboxes for fintech firms
Bitcoin (BTC) Price Watch: Larger Correction in the Works
Bitcoin price has tumbled below the 100 SMA dynamic support, though, indicating the presence of selling pressure. Price could still find support at the ...
Ex-FBI Director Louis Freeh Opens up about Tether Investigation

The controversial “stablecoin” known as Tether has certainly had an interesting past few months. Company founders say the token is backed by physical USD at a 1-to-1 ratio, which has sparked immense discussion and debate inside of the cryptocurrency community. Some see Tether as a systemic risk to the entire virtual currency world. Others see

Square quietly changed its bitcoin service to trade through private brokers instead of public ...
Square disclosed in its latest quarterly report that it's moved off of public exchanges and is now trading through private brokers for its bitcoin app.
Bitcoin price LIVE: BTC prices slump but could a larger correction be around the corner?
According to Bloomberg, the report states that in order for “Bitcoin to replace U.S. money supply — paper bills, coins, travelers' checks and the like ...
Ethereum Is Getting Its First Top-Level Domain Name
A new partnership will allow ethereum users to register their addresses to a top-level domain name.
The owner of the NYSE is launching a bitcoin platform
Though Bakkt is intended for multiple digital assets, the company says its first use case will focus on bitcoin, by building a platform for trading and ...
Breaking: World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. ICE to Launch Physically-Settled Bitcoin Futures ICE made the groundbreaking announcement on Friday, revealing that the new platform

Did the Bitcoin Price Just Spike 12% in 15 Minutes? CoinMarketCap Says So
Bitcoin's price may have experienced multiple spikes Friday, according to CoinMarketCap, after the owner of the New York Stock Exchange ...
Bitcoin Price Must Hit $213000 to Become Viable USD Replacement: UBS
Even after weathering a bear market that wiped out more than 60 percent of the flagship cryptocurrency's value, the bitcoin price continues to trade at a ...
Bithumb Sees 40% Trading Volume Drop After User Registration Suspension
Trading volume on South Korea's Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.
Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality. As CCN reported, Intercontinental Exchange (ICE) — owner of the New York

CoinMarketCap Says Data Glitch Boosted Its Crypto Price Numbers
A "price calculation error" on CoinMarketCap led the site to list inflated prices for several coins on the platform.
Bitcoin Price Could Fall Below $6000 if it Fails to Maintain Current Support Level
Bitcoin continues its August 2018 decline for the third consecutive day. The top-ranked cryptocurrency has dipped by more than three percent in the ...
Intercontinental Exchange poised to list bitcoin futures
The company's first step would be the launch of bitcoin futures deliverable in one day, effectively tracking spot prices under the umbrella of a regulated ...
Bitcoin prices sink on $400 million sale, extending crypto slump t
So much for the bitcoin revival. Bitcoin, the worlds more prominent digital currency, opened lower Friday and is poised for six consecutive daily losses, ...
Coinbase Launches Crypto Plugin for Popular E-Commerce Platform
Coinbase has announced a new service aimed at improving access to cryptocurrency payments for e-commerce businesses.
Starbucks joins bitcoin platform, but will it put crypto on the menu?
Starbucks is perhaps the most notable among the primary launch partners that will create consumer applications to convert bitcoins to fiat currency.
GOLDMAN SACHS: Bitcoin is never coming back
Goldman Sachs' investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of ...
Bitcoin: How do you buy Bitcoin? Is it easy to buy Bitcoin? Quick guide here
The cryptocurrency market is an incredibly unpredictable world, where bitcoin prices and fluctuate wildly in an instant. The bitcoin craze has simmered ...
People are paying close to $100000 for rare 'Magic: The Gathering' cards that they compare to ...
People are paying close to $100,000 for rare 'Magic: The Gathering' cards that they compare to early bitcoin investments and predict will one day be ...
The biggest bitcoin news of the year, says Brian Kelly
Is the bitcoin ETF closer than you think? With CNBC's Michelle Caruso-Cabrera and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly ...
Starbucks drops major hint at plans to accept Bitcoin
Back in May, reports surfaced that New York Stock Exchange owner Intercontinental Exchange (ICE) was developing a Bitcoin trading platform.
Bitcoin review: NYSE owner launches Bakkt, Wikipedia says 'no' to ICO
Sunday, July 29: Bitcoin's (BTC) price, after moving above $8,000 on Friday as expected, was seen rising to recent highs above $8,500 over the ...
Coinbase Bug Prevents Canadian Users from Withdrawing Cryptocurrency Funds

An issue with Coinbase systems recently prevented users from Canada and a number of other countries from withdrawing funds, leading to frustration and concern among many customers. The issue began around Aug. 1 and has reportedly also affected Venezuelan users. This isn't an April fools' joke.@coinbase won't let me withdraw my coins cause i'm from

Goldman Sachs Expects Further Declines in Bitcoin
Global investment firm Goldman Sachs presented a gloomy price outlook for leading cryptocurrency Bitcoin in its mid-year economic report. Bitcoin's ...
A Massive Losing Bet on Bitcoin Futures Has Investors Buzzing
A huge wrong-way bet on Bitcoin has left an unidentified futures trader unable to cover their losses, putting counterparties at risk and threatening to ...
Bitcoin Not Stable Enough to Be Used as Real Money, Says UBS Strategist

Global investment bank UBS believes Bitcoin is not stable enough to become mainstream money. The bank believes the cryptocurrency has a lot of factors preventing a breakout, chief of which are technological limits and constant price changes. In her notes to clients, as reported by CNBC, UBS global macro strategist Joni Teves said Bitcoin is

OKEx Confirms $9 Million Clawback After 'Enormous' Bitcoin Future Fails
After a user made an "enormous" gamble on bitcoin futures, and lost, OKEx said it is having to claw back millions from other traders.
NYSE Operator Announces New Global Digital Assets Platform, Plans Bitcoin Futures Launch
Intercontinental Exchange (ICE), the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE), has announced plans ...
Bitcoin Trading Nets Square $37 Million in Q2 2018
Based on the second quarter performance report released by Square, Bitcoin trading revenue is steadily increasing. However, despite this increase, ...
Bitcoin Price Watch: BTC/USD Not Out of Woods Yet
Bitcoin price declined towards the $7,250 support against the US Dollar. BTC/USD could recover if buyers manage to keep the price above $7,250.
Goldman Sachs: Bitcoin Has Generated More Media Attention Than Is Warranted
Despite grabbing headlines for their plans to launch a Bitcoin trading desk this year, Goldman Sachs clearly still has reservations about digital ...
Starbucks, Microsoft, and ICE to Launch Bitcoin Payments Provider
Back in 2015, long before the cryptocurrency hype broke out, Starbucks was accepting Bitcoin at its Hong Kong stores through the Fold app, a U.S. ...
One Faulty $416 Million Trade On Bitcoin Could Put Several OKEx Users on the Hook
On Friday, OKEx revealed that it had added $18.5 million worth of Bitcoin to its insurance fund, used in such situations, but that alone would not be ...
July Roundup: Cryptocurrency Winners and Losers

Top performing cryptocurrencies were Bitcoin, Stellar, and Zcash while Binance Coin, Tezos, OmiseGO and Qtum were the biggest losers. As another month passes in crypto land it is time to look back at the best and worst performing cryptocurrencies in July. Following the yearly lows in June things promised to be more positive in July....

Bitcoin Price Retreats 2% as Crypto Market Continues Decline, $8 Billion Dropped

In the past 24 hours, the crypto market dropped $8 billion as major digital assets including Bitcoin, Ether, and Bitcoin Cash recorded losses in the range of two to five percent. Bitcoin Cash and Stellar recorded the largest losses amongst the top ten cryptocurrencies, while Ripple and EOS remained relatively stable with a one percent

Goldman Sachs sees more price pain ahead for bitcoin
The Wall Street giant reiterated its January call published in the full-year outlook that bitcoin's meteoric rise to $20,000 "dwarfed" mania seen during ...
Bitcoin Gets Huge Win From the Company Behind the New York Stock Exchange
So why doesn't the price of bitcoin seem to be responding to the positive news? The news was broken by Fortune at around 8:30 a.m. EST, according ...
UBS: Bitcoin Must Hit $213000 to Replace US Money Supply
Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly ...
Five At Five: Bitcoin Trader Sentenced Following Federal Jury Conviction
Coverage includes a 41-month prison sentence for a bitcoin trader, Starbucks mulling a bitcoin project, Barclays investing in an alternative lender, ...
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price ...
Bitcoin dipped to an intraday low of $7,288.97 today, triggering our recommended stop loss at $7,400. The bulls have defended the support at $7,250 ...
Bitcoin price analysis: BTC/USD drops below $7400; UBS says Bitcoin is too unstable to become a ...
Bitcoin is changing hands at $7,360, down 4% on a daily basis and 2% since the beginning of Friday. The top digital currency resumed the downside ...
High Times Launches First Ever IPO to Accept Bitcoin, Ethereum

High Times, a prominent New York publication advocating cannabis usage, is breaking new ground in the cryptocurrency world by accepting crypto during its IPO, the first ever stock offering to do so. High Times CEO Adam Levin said: “High Times has been at the forefront of popular culture for more than four decades. Now we’re taking

New York Stock Exchange owner is launching a bitcoin exchange
While Bakkt should lend legitimacy to cryptocurrency as a whole, bitcoin's price is currently at around $7,500 at the time of writing, far below its nearly ...
CashBet Appoints World-Famous Crypto Pioneer to Advisory Board

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

ICE Creating New Cryptocurrency Market: A Double-Edged Sword
This is a major step in the mainstreaming of bitcoin and cryptocurrencies. ... which could offset some of Bitcoin's algorithmically-enforced scarcity.
Ready to Load Up Your Starbucks App With Bitcoin?
Starbucks is partnering with the owner of the New York Stock Exchange and Microsoft to develop a virtual currency trading platform. The platform is the ...
NYSE's Owner to Launch Bitcoin Firm, Futures Contracts
The owner of the New York Stock Exchange said it is launching a new bitcoin company and futures contracts based on the digital currency.
Starbucks Will Accept Bitcoin For Lattes Later This Year
Starbucks is working with Microsoft on technology that would allow you to pay for triple venti lattes with Bitcoin rather than cash. The two companies ...
Goldman Sachs: “Bitcoin Is Likely To Decline Even Further”
In mid-December, amidst the peak of the most Bitcoin “mania,” Goldman Sachs, one of the most respected firms on Wall Street, revealed that it was ...
New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin
The platform with convert bitcoin and other cryptocoins into U.S. dollars that can be used to buy a Cold Foam Cascara Cold Brew, Matcha Lemonade ...
NYSE Owner Announces Bitcoin Venture With Starbucks, Microsoft
One of the world's biggest exchanges is finally diving into Bitcoin, teaming up with Starbucks Corp. and Microsoft Corp. and announcing a futures ...
Bitcoin (BTC) Price Analysis: Wedge Resistance Holding, Support Next?
Bitcoin has formed lower highs and lower lows to create a falling wedge pattern on its daily chart. Price is hitting a roadblock at resistance and might ...
Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments
A group of creditors of the now defunct bitcoin exchange Mt. Gox have started preparing a rehabilitation plan to claim for bitcoin repayments.
This Week In Cryptocurrency: Goldman Blasts Cryptos, Square Reports Bitcoin Profit
"A massive wrong-way bet on Bitcoin left an unidentified futures trader unable to cover losses, burning counterparties and threatening to dent ...
Bitcoin Is Coming to Starbucks and May Reach Your 401(k) Through Partnership With Microsoft and Wall Street Powerhouse

A new startup created by one of the biggest financial institutions on Wall Street aims to bring Bitcoin to Starbucks and introduce a groundbreaking new cryptocurrency futures contract. Intercontinental Exchange (ICE), owner of the New York Stock Exchange and some of the largest futures markets, says it’s launching a startup called Bakkt in collaboration with tech […]

Mt. Gox Bitcoin Stash Worth $1.3 Billion Won't Move Before Summer 2019
The latest chapter in the Mt. Gox saga reveals that creditors are looking to be paid in Bitcoin with the first payment expected no earlier than next ...
Timicoin/TimiHealth Is the First to Pay You for Your DNA Data in the Two Million Timicoin Giveaway!

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.  AUSTIN, TX. – Aug 2, 2018 – Timicoin/TimiHealth on August 20th, 2018, while at the Blockshow in Las Vegas, will be launching the TimiDNA Two Million Timicoin Giveaway. The

Sorry, But Starbucks Will Not Be Accepting Bitcoin
Perhaps because Starbucks is best known as a coffee retailer, and digital currencies such as Bitcoin are still painfully lacking in places to spend them, ...
UBS: Bitcoin is 'too unstable and limited' to be money or a new asset class — and 70% of the price ...
LONDON — Bitcoin is neither a new type of money or nor a new asset class, according to UBS. Joni Teves, a global macro strategist at the Swiss bank ...
Bitcoin Price Intraday Analysis: BTCUSD Forming Bearish Pennant

Bearish bias stayed for dinner, and it now wants to stay the night. There is no stopping to the prevailing selling sentiment in the Bitcoin market. Over the past one week, after establishing a weekly high at 8512-fiat, the BTC/USD pair has slipped 11.6% already. The price action in the past 24 hours has somewhat

Wikipedia Will 'Absolutely Never' Turn to Cryptocurrencies; Accepts Bitcoin Anyways
While it's unclear the total amount of Bitcoin Wikipedia has received in donations, it certainly seems they had grasped at its potential long time ago, ...
Medipedia is Set to Revolutionize Medical Tourism in South Korea

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The company is addressing several problems many people have faced in the pursuit of better healthcare. Medipedia promises to bring you a platform where you can get all the

Finally, a practical use for Bitcoin? Starbucks might take cryptocurrency for lattes
For technologies that have been billed as the future of payments, it's really hard to actually use digital currencies like Bitcoin or Etherium to buy things ...
Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade
Inconsistency in the way data providers count trades across exchanges has overstated the yen's importance as a trading pair, CoinDesk research finds.
Bitcoin whale makes 'enormous' losing bet, so now other traders have to foot the bill
An "enormous" losing bet on bitcoin last week left one futures trader unable to cover the loss and other traders on a Hong Kong-based exchange to ...
Tezos Price Spikes 10% In 24 Hours, Signaling Recovery From Recent Setbacks

Tezos, a cryptocurrency that launched its crowdsale in July 2017 with the promise of being the first “self-amending” cryptocurrency, posted a 10 percentage point gain in the last 24 hours, a sign that it is recovering from some recent setbacks. Today’s bump could reflect a stabilization following the hit that the tezos price experienced as

Bitcoin Mining Firm Reopens in US after Regulators Revoke Cease & Desist Order
As CCN reported, the SEC declared that both bitcoin (BTC) and ethereum (ETH) are not securities, which means that they do not have to conform to ...
HPB Node Application Summary

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

Mt Gox Creditors Are Already Making Plans to Claim for Bitcoin Repayments
A group of creditors of the defunct bitcoin exchange Mt. Gox have already started preparing a rehabilitation plan to claim for bitcoin repayments ...
First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million
Crypto mining subscription company Argo Mining debuted on the London Stock Exchange on Friday, garnering more than $32 million through its IPO.
World's Second Largest Bitcoin Miner Canaan Creative Releases BTC-Mining Television Set
Canaan Creative, the world's second largest Bitcoin (BTC) mining hardware manufacturer, has launched what it claims is the “first ever” BTC mining ...
Starbucks may let customers pay with bitcoin
The company announced on Wednesday that it's teaming up with Microsoft and Intercontinental Exchange, the owner of the New York Stock ...
'Lack Of Stability' Among Factors Preventing Global Bitcoin Breakout, Says UBS Strategist
Swiss-based investment bank and financial services company the Union Bank of Switzerland (UBS) said that Bitcoin's (BTC) scalability and volatility ...
Square Recorded a Tiny Profit on Bitcoin, But it Has the Potential to Improve Massively

Square pulled in $37 million in revenue from Bitcoin, but spent $36.6 million to offer it on their Cash App, leading to a tight profit of $420,000.  Although profitable, Square isn’t expecting cryptocurrency to drive major profits anytime soon. Square initially added Bitcoin trading to the Cash App in January just before the cryptocurrency markets...

G20 Crypto Regulations Could Unleash Real Blockchain Change
Increased regulation, as long as it is done with industry cooperation and the aim of de-risking the broader market, will hasten blockchain adoption.
No, Starbucks won't be accepting Bitcoin
By now, you may have heard -- Starbucks is betting that customers are willing to trade their hard-earned bitcoins for a straw-free cup of cold brew.

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