6 August 2018

On This Day

Bitcoin price

Closing price: $6937.0738 Powered by Coindesk


Bitcoin Price Dips Below $7000 as Volumes Drop
An overnight rally in the bitcoin price proved to be short-lived Monday, as trading volumes continued to dwindle in the wake of last week's reversal.
Coinbase Returns to Wyoming after Three-Year Hiatus

Cryptocurrency exchange giant Coinbase has finally reopened its services in Wyoming, a move that comes after the state successfully passed a handful of bills designed to create a favorable climate for the blockchain industry. The San Francisco-based Coinbase announced in a blog post that it has renewed its state-level money transmitter license, enabling it to

XAYA Aims to Revolutionize Gaming World with Blockchain Technology

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. With the global video game industry currently valued at over US$100 billion and cryptocurrencies inching ever further into mainstream use, it comes as no surprise that a growing

Peer Mountain Joins the Google-Founded LOT Network

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Blythe Masters Looks Beyond Finance for Next Wave of Blockchain Growth
The enterprise DLT startup now sees a vast range of opportunities, both within the industry where its founder spent most of her career and outside it.
Coinbase Resumes Bitcoin Buying and Selling in Wyoming
Three years since Coinbase pulled out from Wyoming, it is now returning to the Cowboy State after renewing its money transmitter license.
Markets Tech Firm to Launch Crypto Derivatives Exchange
LevelTradingField is launching a cryptocurrency derivatives exchange with the help of the ethereum blockchain.
NYSE Owner's BAKKT Platform 'Makes Bitcoin ETF Redundant': Commentator
Intercontinental Exchange (ICE) digital asset platform Bakkt will “make a Bitcoin ETF completely redundant” when it launches in November, ...
Bitcoin Declines Below $7000, Leading Cryptocurrency Retreat
Bitcoin slipped below $7,000 to its lowest level in three weeks on Monday, dragging down some of the other large digital tokens in its wake.
Indian State Partners with Mahindra to Build 'Blockchain District'
An Indian state is working with Tech Mahindra to build a new district within the state capital dedicated to incubating blockchain startups
Bitcoin slips below $7000 to its lowest level in three weeks
“Bitcoin and the cryptocurrency market appear quite vulnerable early in August,” Bloomberg Intelligence analysts Mike McGlone and Eric Balchunas ...
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price ...
The crypto world had cheered the prospects of Bitcoin futures trading last year. However, Bitcoin (BTC) prices topped out just as Chicago Board ...
CRA surveyed businesses to find out why they're taking bitcoin ATMs
When Ottawa looks at cryptocurrencies like bitcoin, it sees problems. Bitcoin can be difficult to track, and there is the potential for "tax noncompliance" ...
Bitcoin price falls below $7000, loses $10 billion in value over the weekend
A single bitcoin BTCUSD, -1.84% last changed hands at $6,971.70, down 0.9% since Sunday 5 p.m. Eastern Time on the Kraken exchange.
Bitcoin News Summary – August 6, 2018
The unexpected price drop in Bitcoin last week likely resulted from a failed margin call on a massive position on Hong Kong's OKEx exchange.
Goldman Sachs Says Bitcoin Price Will Continue Dropping
Goldman Sachs has had a complicated relationship with Bitcoin and other crypto assets—dating back years but seen in full complication in 2017.
Goldman Sachs Is Reportedly Weighing a Crypto Custody Service
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report.
“The Cold Wallet 2.0”? ELLIPAL Launches Mobile-Oriented Cold Wallet for Cryptocurrency

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FT1908 Warrants: Big Bonus for Long-Term Holders of FT

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Chinese Investor Sues OKCoin over Bitcoin Cash from Last Year’s Hard Fork

A Chinese investor has filed a lawsuit against cryptocurrency exchange OKCoin regarding more than 38 bitcoin cash that he claims the platform failed to distribute to him following last year’s hard fork, according to a charge sheet on LegalWeekly. The plaintiff, known only by the pseudonym Feng Bin, claims he was expecting to get the

James Altucher: 'Bitcoin solves all the problems'
James was also early to see the potential of the alternative currency bitcoin. He recently sat down with The Epoch Times to discuss what the future ...
Ethereum Classic Jumps 10% on a Day of Crypto Markets’ Retreat

Ethereum Classic today jumped 10-percent against the US Dollar, coinciding with Robinhood’s announcement of adding the coin to its trading app. The Ethereum’s unforked version had started recording gains soon after Coinbase, one of the world’s leading cryptocurrency exchanges announced that it would add the coin to its portfolio. On August 3rd, the day the

House Judiciary Chair Bob Goodlatte Owns as Much as $80,000 in Bitcoin: Report

Rep. Bob Goodlatte (R-VA), the chair of the House Judiciary Committee is set to become the first member of Congress to disclose his bitcoin holdings, Sludge reports. According to a June 18 memo issued by the House Ethics Committee, lawmakers were required to reveal any digital token holdings above $1,000 publicly. The lawmakers were instructed

Goldman Sachs Will Manage Bitcoin For Its Clients, Insiders Reveal
Already newly bullish on Bitcoin following the news, commentators have already greeted Goldman's renewed commitment to crypto with zeal.
Bitcoin (BTC) Price Analysis: Will Sellers Return Here?
Bitcoin is still in a weak spot even as it broke to the upside of a short-term consolidation pattern. Price is currently testing the 38.2% Fibonacci ...
Bitmain Confirms New Crypto Mining Facility in Texas
Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year.
Nebulas Token – The Most Undervalued Coin on the Market?

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 Nebulas NAS token, the 68th largest cryptocurrency based on market capitalization, could be one of the most undervalued cryptocurrency coins on the market. The coin, trading at close

Bitcoin Falls Short of Breaking $7000, Other Altcoins See Slight Losses
August 6: Bitcoin (BTC) is making several attempts at breaking back above the $7,000 mark, staking its recovery after a sharp market tumble this ...
Bitcoin price analysis: BTC/USD recovered to $7100 after OKEx engineered sell-off
Bitcoin is changing hands at $7,115, which is 2% higher from this time yesterday and 1% higher since the start of the day. The digital coin No.1 ...
Starbucks Tries to Clean Up Its Bitcoin Mess
At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators ...
Robinhood Adds Ethereum Classic to Crypto Trading App
Robinhood announced Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase adds the option too.
Bitcoin Plummets to $7000 Despite Major Announcement
This platform will be a legally compliant trading venue, offering physical Bitcoin delivery on futures contracts. Microsoft and Starbucks are among the ...
Bitcoin Cash Price Analysis: BCH/USD Could Recover To $740
Bitcoin cash price is slowly recovering above $700 against the US Dollar. BCH/USD may perhaps recover further towards the next hurdle at $740.
Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019
The latest crypto report from wealth manager Canaccord Genuity posits that a long-awaited approval on a bitcoin exchange-traded fund (ETF) likely ...
A Culture War Is Brewing Between Bitcoin's Old and New Money
As the cryptocurrency's price soared in recent years, Bitcoin's Old Money and New Money coexisted with only occasional conflict. But this year, a ...
Jamie Dimon, CEO of JPMorgan reckons that cryptocurrency is a “scam”: Bitcoin price resumes the ...
Jamie Dimon's relation with cryptocurrencies and especially Bitcoin has been a shaky one since his statements in September 2017. He referred to ...
Bitcoin Price Drops to Three Week Low as Altcoin Market Takes a Hit
Bitcoin has slipped below $7,000 for the first time in three weeks as the number one cryptocurrency has failed to gather any post-weekend momentum.
Goldman Sachs CEO on Bitcoin and Crypto’s Chances in a World Full of Cash

Speaking at the Economic Club of New York, Goldman Sachs CEO Lloyd Blankfein responded to a question about cryptocurrencies and any concern they may cause. “When they came out with cell phones. I remember thinking, ‘God, who the hell is gonna lug this thing around?’,” said Blankfein. “And I’m saying, besides, there’s 10 phone booths […]

Bitcoin (BTC) Price Watch: Last Chance for Bulls?
Stronger bullish momentum could take bitcoin price up to the 78.6% extension at $8,827 or the full extension at $9,357. Stochastic is also starting to ...
AltCoinTrader adds dollar-linked option to drive down SA bitcoin premium
Johannesburg cryptocurrency exchange AltCoinTrader has added a bitcoin product linked to the US dollar to its platform in a bid to attract foreign ...
Below $7K: Bitcoin Market Indecisive After 19-Day Lows
Bitcoin's (BTC) price is trading in an indecisive manner after hitting 19-day lows below $6,900 on Sunday, but could pick up a bid on acceptance ...
Bitcoin payments at Starbucks aren't happening anytime soon
“Customers will not be able to pay for Frappuccinos with bitcoin,” a Starbucks spokesperson told the outlet, refuting a CNBC story published Friday.
Say Hello to SmartDrops: The New Way to Give Away Free Crypto
Can smarter airdrops help crypto projects build communities and keep speculation at bay?
Bitcoin price LIVE: BTC plummets below $7000 - has the bubble burst?
Many analysts now fear that traction could be running out for bitcoin, with the digital coin predicted to rocket down below the hard bottom of $5,200.
Three Points Of Difference Between Bitcoin ETFs And Commodity ETFs
The introduction of bitcoin ETFs is “nearly certain” or will happen sometime next year. The debut of bitcoin ETFs is expected to transform ...
REVEALED: Plan launched to tackle FAKE NEWS with blockchain technology used by Bitcoin
While no one had heard of the term just two years ago, fake news is now perceived by many as among the biggest threats to Western democracy.
DVLT ICO is the Blockchain Solution for Data Analytics

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New “Fork” of Bitcoin.org Released After Cobra's Controversial Behavior
The discussion about the centralized power behind the Bitcoin.org domain moved into more serious territory after the lack of agreement in the debate ...
Blockchain Adoption to Save Banks $27 Billion Annually by 2030: Research

A study conducted by market intelligence firm Juniper Research indicates that by deploying blockchain technology financial institutions stand to generate savings amounting to over US$27 billion on cross-border settlement transactions before the end of 2030. On the basis of on-chain transactions, the costs will be reduced by over 11%. #Blockchain deployments to save #Banks more

Crypto Market Adds $5 Billion as Tokens Rebound, Low Bitcoin Volume a Concern
Both Bitcoin and Ether, the native cryptocurrency of Ethereum, recorded a two percent increase from yesterday's price range, as Bitcoin rebounded to ...
Bitcoin Price Analysis - Price goes south on slew of positive news
The BTC network has never been subject to the levels of institutional interest currently being observed. Globally, stock exchanges, derivative markets, ...
Starbucks isn't taking Bitcoin yet, but other retailers are
Over the past few days it has been widely reported that Starbucks would be accepting payments in Bitcoin. It turns out that this is not actually the case ...
Reasons Why a Bitcoin ETF May Arrive Soon
Earlier this summer, the Winklevoss brothers' second attempt at launching a bitcoin-linked exchange-traded fund (ETF) fell apart when the U.S. ...
A culture war is brewing between bitcoin's old and new money
Satoshi Nakamoto, the pseudonymous creator of bitcoin, may be long gone, but his early followers are still around and their identities still unknown.
Five Reasons Why Bitcoin (BTC) Won't See New Peaks in 2018 - Crypto Influencer
Many members of the crypto community believe that Bitcoin (BTC) has already found the bottom and now is set to rise again; however, economist and ...
Owner of NYSE Launching New Bitcoin (BTC) Market is a Double Edged Sword, says Wallstreet ...
This concept can be applied to the recent news of the owner of the NYSE (Intercontinental Exchange) launching a new Bitcoin (BTC) market through ...
Why Bitcoin Futures Are Poised For A Change
When they launched last December, bitcoin futures were expected to herald stability and a surge of liquidity in cryptocurrency markets. That hasn't ...
With bitcoin back below $7K, Fundstrat's Tom Lee reveals what will save the cryptocurrency
Fundstrat Global Advisors' Tom Lee makes the bull case for bitcoin. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Carter ...
52 Quintillion Per Second: Bitcoin Hashrate Breaks Dizzying New Record
Bitcoin's network hashrate reached a new record high this week, prompting encouragement from industry commentators as technical support ...
Bitcoin Dominance Drops Significantly, Further Worrying BTC Investors
Bitcoin (BTC) dominance seems to be declining at the current levels of 47.4%. BTC has dropped from 48.76% levels witnessed less than 3 days ago ...
Bitcoin Price Watch: BTC/USD's Support Turned Resistance at $7260
Bitcoin price is slowly recovering above $7,000 against the US Dollar. BTC/USD is likely to struggle near a significant resistance at $7,260.
JPMorgan CEO Jamie Dimon Returns to Bitcoin Bashing, Calls Cryptocurrency a 'Scam'
JPMorgan CEO Jamie Dimon returned to his more critical comments about Bitcoin, calling the cryptocurrency a “scam” and saying he had “no interest” ...
Bitcoin Price Intraday Analysis: BTCUSD Expecting Fresh Lows

Before we begin our analysis, it is important to discuss what had prompted a sudden $500-drop in the Bitcoin market. OKEx, a Hong Kong-based cryptocurrency exchange, recently issued a statement that mentioned one of their customers as the main perpetrator of the latest Bitcoin bear-trap. The OKEx client initiated a relatively large long position which,

Coinbase Taps Amazon Web Services Vet as Engineering VP
Coinbase has hired Amazon Web Services general manager Tim Wagner as its new vice president of engineering.
Top 3 Bitcoin, Ethereum and Ripple Price Predictions: clinging to a straw - Confluence Levels
Bitcoin recovered from Friday's low and settled above $7,000 handle; however, the upside momentum is too weak to spark hope for extended upside ...
Roger Ver Sent Governor of Jeju Island $100 in Bitcoin Cash, Did it Violate Local Policy?
At a cryptocurrency conference participated by Governor Won, Ver sent $100 in bitcoin cash to the governor and his associates to demonstrate the ...
Bitcoin (BTC) Technical Analysis: Star Bucks Yet To Accept Bitcoin Payments
Regardless of all these strong fundamentals ranging from CoinBase custodial services to Star Buck “acceptance of Bitcoin” via International Exchange ...
Overstock's tZero Wraps Up Months-Long Token Sale
Overstock.com's token platform subsidiary tZero is officially closing its security token offering (STO) Monday night.
Bitcoin price analysis: BTC/USD breaks trendline support; back below $7000
Bitcoin price settled above $6,900 following the overarching declines on Friday last week. Since then it has been pivotal at the $7,000 level, although ...
There Are Now More Than 3500 Bitcoin ATMs Worldwide
The price of bitcoin has been hit the most this year especially the first quarter of the year where it dropped by almost 50 percent in February falling ...
Chinese Firm Introduces Bitcoin-Mining TV
Canaan Creative is the second largest manufacturer of Bitcoin mining rigs in the world,. According to the South China Morning Post, the new TV set ...
What Will Happen to Bitcoin Price Next?
Bitcoin has lost around 15% of its value over the last week. This is after the world's largest cryptocurrency had added almost 20% to its value in seven ...
Starbucks Clarifies 'Coffee for Bitcoin' Media Reports
Contrary to reports in mainstream media, Starbucks has clarified that it will not be accepting direct bitcoin payments at coffee retail outlets. As reported ...
Why I Don't Expect New Bitcoin Highs in 2018
While bullish on bitcoin's long-term prospects, an economist and investor heeds caution for more short-term price optimism.
Goldman Sachs May Store Bitcoin for Cryptocurrency Funds, Institutional Investors

One of the world’s most well-known investment bank is mulling launching a custodial service to store bitcoin for investment funds that want to hold cryptocurrency. Goldman Sachs May Custody Cryptocurrencies Citing multiple anonymous sources familiar with the matter, Bloomberg reports that Goldman Sachs, the second-largest investment bank, is holding discussions about becoming one of the

Ethereum Classic Becomes the 6th Cryptocurrency Listed on Robinhood Crypto

Stock trading app Robinhood has made ethereum classic (ETC) the sixth cryptocurrency listed on its recently-launched crypto trading platform. The $5.6 billion firm unveiled support for ethereum classic on Monday, providing investors in eligible U.S. states with the ability to hold ETC in their portfolios alongside their traditional equities investments. Robinhood has been rolling out

Biotech Giant Plans to Securely Share Genetic Data on a Blockchain
A biotech giant based in South Korea is turning to blockchain to allow it to share genetic data without risking patients' privacy.
The Bitcoin Price Could Be In For A Boost From Fresh Institutional Support
The bitcoin price, which has been wallowing around the $7,000 mark since a sell-off last week, could be in for a boost after it was reported New York ...
Bitcoin Price Prediction: BTC/USD price action is narrowing indicating of some vulnerabilities, the ...
Bitcoin on Monday has remained on the back-foot, down around 1%, with eyes on support being tested. BTC/USD price action has been narrowing ...
Wall Street isn't boosting bitcoin
Wall Street is steadily making it easier for a wider range of investors to buy and sell bitcoin. It's a development that should, in theory, boost prices—if a ...
SEC Rejects Winklevoss Bitcoin ETF: Here's Why it Doesn't Matter
As Bitcoin matures into a viable asset class investors demand easier ways to join the burgeoning market. Apart from retail interest, institutions have ...
At Least One Member of Congress Owns as Much as $80,000 in Cryptocurrency

As per new rules requiring members of Congress to disclose cryptocurrency holdings, at least one of the House is now known to have invested in digital assets. How Many in Congress are Hoarding Cryptos? Rep. Bob Goodlatte (R-Va) is reported to have stated that he owns amounts of Bitcoin, Bitcoin Cash, and Ethereum. The rules...

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste
A team from one of the top universities in China has developed a decentralized exchange, not for crypto assets, but for unused electricity.
Goldman Sachs bitcoin fund rumour boosts cryptocurrency amid mixed price predictions
Goldman Sachs is deliberating a plan to hold bitcoin and other digital currencies on behalf of funds betting on cryptocurrency, according to a report.
Japanese Crypto Exchanges File to Form Self-Regulatory Organization
Sixteen Japanese cryptocurrency exchanges have applied to form a certified self-regulatory organization for the industry.
South Korea Skirts Crypto Exchange Collapse With UPbit Cleared – But Bithumb Fails to Renew Banking Contract

South Korean cryptocurrency traders have been awaiting an official report about the country’s largest crypto exchange UPbit. In May, regulators raided UPbit over allegations that its balance sheet was insolvent due to inflated trading volumes. South Korea’s Financial Services Commission (FSC) along with the Korea Financial Intelligence Unit (KFIU) seized documents and hardware from UPbit, […]

FlipNpik Is Opening the Blockchain Gates to the Whole World

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. For the first time, an ICO welcomes investors of all origins — whether cryptocurrencies are your new religion, or you’re keeping your fate on fiat currencies, FlipNpik accepts it

Bitcoin Donations To Neo-Nazis Are Climbing Ahead Of This Weekend's Unite The Right Rally
Last year bitcoin and cryptocurrency donations to neo-Nazis spiked around the Charlottesville, Virginia, Unite the Right rally — which resulted in the ...

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