7 August 2018

On This Day

Bitcoin price

Closing price: $6717.2088 Powered by Coindesk


Speculators, Not Drug Dealers, Dominate Bitcoin Use Now
The ratio of legal to illegal activity in Bitcoin has flipped, according to Lilita Infante at the U.S. Drug Enforcement Administration. When Infante started ...
SEC Postpones Decision on Bitcoin ETF Listing to September
The U.S. Securities and Exchange Commission has postponed a decision on whether to allow the listing of an exchange-traded fund backed by ...
Bitcoin PR Buzz Announces Free Consultations for Blockchain Companies

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

Bitcoin Price Eyes $7.4K After Defense of Key Support
Bitcoin solid defense of the key 50-day moving average support may have opened the doors for a minor corrective rally.
Uber’s Biggest Shareholder Backs $15 Billion Bitcoin Giant Bitmain: Report

Crypto mining hardware manufacturer Bitmain has reportedly secured China’s biggest technology company Tencent and Japan’s Softbank, Uber’s biggest shareholder, as investors in a pre-IPO financing round. Chinese crypto giant Bitmain, commonly known for manufacturing bitcoin mining equipment and operating mining pools, is attracting interest from some of the world’s biggest companies and investors ahead of

DEA: Criminal Activities Account for Just 10 Percent of Bitcoin Transactions
Cryptocurrency enthusiasts have long argued that it's unfair to characterize bitcoin as a haven for drug dealers and money launderers. Now, they have ...
Bitcoin halts skid as ETF decision looms
After logging its eighth losing session in the last nine on Monday, bitcoin BTCUSD, +2.20% last changed hands at $7,084.77, up 2.4% since Monday 5 ...
Starbucks to advise on development of bitcoin trading platform
One of its first services will be physical regulated warehouses in which a one-day physical bitcoin contract can be delivered. Where bitcoin futures are ...
Bitcoin Speculators Oust Criminals from Crypto Market, Expert Says
Criminals are not the dominant force behind Bitcoin transactions anymore as speculators took their place, a US Drug Enforcement Administration ...
Bitcoin Drops Below $6,750 as SEC Delays Decision on Bitcoin ETF

The US Securities and Exchange Commission has published a statement that it will delay making a decision on the latest Bitcoin ETF proposal. Bitcoin, trading above $7,100 prior to the SEC statement, dropped more than 3%, and is now trading around $6,750 at time of writing, according to data on WorldCoinIndex. The two-page statement explains that the […]

Bitcoin Will Need to Be Worth $213 000 Before it Can Function As Money, Says Swiss Bank UBS
Bitcoin, a “peer-to-peer electronic cash system” released in 2009 by the pseudonymous programmer Satoshi Nakamoto, has ignited the imaginations ...
Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown
IG Client Sentiment Reportshow retail are 77% long of Bitcoin – normally a contrarian bearish signal – but recent daily and weekly changes suggest ...
Bitcoin Price Watch: BTC/USD Eyes Recovery Towards $7100
Bitcoin price is under pressure below $7,120 against the US Dollar. However, BTC/USD may perhaps correct higher in the short term towards $7,050 ...
Researchers Discover Huge Crypto Scam Botnet on Twitter
Researchers have uncovered a large botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency "giveaway" scam.
New Blockchain App Claims Its Already Tracking 760,000 Diamonds
A firm that launched a blockchain-based application for food tracking last year has rolled out a similar service for diamonds.
Newsflash: Bitcoin Price Slips Below Crucial $6,800 Support Level

The worst does not appear to be over for the bitcoin price, as the flagship cryptocurrency on Tuesday slipped below $6,800, a mark that many analysts had pegged as a critical support level for BTC’s short-term prospects. Bitcoin had spent the majority of the day trading above the $7,000 mark. However, as CCN reported, the

Here's the Bitcoin ETF Presentation Given to the SEC Last Week
While the document itself doesn't provide a blow-by-blow of the meeting, it does offer insight into the arguments being made in favor of the bitcoin, ...
Trigger Warning: Why the 3D-Printed Gun Debate Matters to Crypto
No matter where you stand on guns, U.S. states' attempt to silence the publication of software files should be concerning to the blockchain community.
'The Profit' star Marcus Lemonis on bitcoin: 'I like good old American cash'
Count Marcus Lemonis among the bitcoin naysayers. The entrepreneur and self-made millionaire is too wary of digital currencies to test the volatile ...
Bitcoin, Bitcoin Cash And Ethereum Go To Washington
Cryptocurrencies, namely bitcoin, bitcoin cash and ethereum, are becoming accepted in the Washington D.C. halls of power — evidenced by the ...
Bitcoin price LIVE: Bitcoin expert warns investors not to panic - can BTC recover?
Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
'Bitcoin May Be A Legal Form Of Payment,' Says Brazil Presidential Candidate
Brazilian New Party presidential candidate João Amoêdo revealed his thoughts and optimism on blockchain innovation and viability of Bitcoin as a ...
LedgerX Claims 'Record' July for Bitcoin Options Trading
Bitcoin derivatives trading provider LedgerX says it saw a "record" amount of trading volume over the last two months.
Bitcoin ETF Decision Postponed By SEC Until Sept 30th
The ruling will doubtless disappoint Bitcoin advocates who were hoping for a swift resolution to the question, although the markets are reacting with ...
Bitcoin ATMs Now In The Thousands Around the World
Coinatmradar.com reports a milestone of the 3,500 threshold being crossed for bitcoin ATMs (BATM) installed across the globe. One of the goals ...
Bitcoin Speculators, Not Drug Dealers, Dominate Crypto Use Now
When Infante started seeing the Bitcoin pop up in her cases at the DEA five years ago, her analysis of blockchain data showed criminal activity was ...
Amaury Sechet, “Benevolent Dictator” of Bitcoin ABC, Reportedly Banned from BCH Slack
Amaury Sechet, the “Benevolent Dictator” of Bitcoin ABC, reportedly was banned from the Bitcoin Cash Slack channels, Reddit users reported.
Fundstrat's Tom Lee: Bitcoin Misery Index Indicators Show the Crypto 'Isn't Broken'
Bitcoin (BTC) “isn't broken” if it's holding at the current price and volatility levels, Fundstrat's Tom Lee said to CNBC's "Fast Money" on August 6.
Startup Funding Platform Boomstarter.Network Introduces Payments with Cryptocurrencies

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

How Much Will the Last Mined Bitcoin Be Worth? John McAfee Wants to Know
Bitcoin's algorithmically-induced scarcity has already generated skyrocketing prices for the cryptocurrency. But the biggest spike in price may be ...
West Virginia to Offer Blockchain Voting Statewide in Midterm Elections
After a pilot conducted in May, West Virginia is expanding use of a blockchain voting app to all 55 of the state's counties.
Bitcoin Prices Drop After SEC Postpones ETF Decision
Bitcoin prices pushed lower today, after the U.S. Securities and Exchange Commission (SEC) announced that it was delaying its decision on whether ...
For Wall Street, Bitcoin ETF Decision Could Answer '$1 Billion' Question
CoinDesk talks to Wall Street analysts ahead of a decision that could find regulators approving the first exchange-traded fund for cryptocurrency.
Bitcoin price analysis: BTC/USD settles below $7000 even as Barclays seeks crypto exposure
Bitcoin has settled below $7,000 handle after a short recovery attempt. The digital coin No. 1 touched $7,164 on Monday, but 50-SMA (1-hour chart) ...
DEA Agent: Bitcoin Now Used More for Speculation Than Drug Deals

According to a DEA agent, far more Bitcoin is being used for speculation than to facilitate crimes. That said, the number of Bitcoin used in various criminal acts is still rising. DEA Use Blockchain Analysis to Identify Those Using Bitcoin for Illegal Purposes It used to be the case that most Bitcoin being transacted was...

Bitcoin market share is at the level it was just after it hit its near-$20000 record high
Bitcoin's share of the entire cryptocurrency market is at its highest level this year and near where it was when the digital coin hit its highest price level ...
Need Cold Storage? Check Out Bitcoin.com's Revamped Paper Wallet Generator
There are many ways to store bitcoin cash, and while some people use mobile apps, others use hardware wallets to store their digital assets.
How Bitcoin and the Dark Web hide SamSam in plain sight
The ransom note also instructs victims on how to purchase bitcoins, and how to use them to pay their attacker. Like all Bitcoin transactions, the ransom ...
Ohio Becomes Latest US State to Legally Recognize Blockchain Data
The U.S. state of Ohio has joined Arizona in legally recognizing data stored and transacted on blockchain.
Icons of Impact: Can This Investor Help Make Bitcoin Green?
Mining Bitcoin consumes vast amounts of energy - roughly the same as an economy the size of Switzerland. And most comes from dirty fossil fuel.
Leading Global Investment Bank Says Bitcoin ETF Approval Is ‘On the Horizon’

The largest full-service investment bank in Canada with $59.2 billion in assets under management released a comprehensive new quarterly report on cryptocurrency that declares a Bitcoin ETF is coming. According to the new report from Canaccord Genuity, a Bitcoin ETF approval is “on the horizon” and will most likely happen next year. “Even as Gemini […]

Bitcoin, 'the best house in a tough market,' is bouncing back, says Wall Street bull Tom Lee
Despite bitcoin's tumble over the past two weeks, Wall Street bull Tom Lee says the cryptocurrency is gradually regaining market share — which ...
Bitcoin Stealer Malware Takes $60K Using Clipboard Modification Method
New malware steals bitcoin using a technique that modifies an infected machine's clipboard content. In July 2018, Fortiguard Labs reported on a new ...
Better Ways of Storing Value Than Bitcoin, Claims Trump’s Fmr. Economic Advisor

Four months after leaving the White House as a chief economic advisor, Gary Cohn is looking for his next challenge. Among the various opportunities available, the former Goldman Sachs president has revealed that he is eyeing the cryptocurrency world. If he has his way, there could be some disruption in the offing. “I’m not keen

Accenture Hardware Patent Seeks to Enhance Blockchain Security and Scalability

Professional services firm Accenture has filed a patent which seeks to enhance the speed and security of transactions on blockchains using patented hardware. Besides accelerating the software processes the technology described in the patent titled ‘Hardware Blockchain Acceleration’ will also improve the security of the applications supporting the transaction chains. Per Accenture, the need for

Bitcoin Posts Solid Gains to Break Above $7000 While Altcoins See Green
Bitcoin (BTC) has seen solid growth to break back above the $7,000 mark today, August 7. The overall crypto market is seeing a healthy flush of green, ...
Swiss Bank Maerki Baumann Will Service Cryptocurrency Firms, Removing a Major Industry Pain Point

Despite rising competition from other countries seeking to capitalize on the cryptocurrency boom, Switzerland’s Crypto Valley looks poised to get its moxie back. Swiss Bank Maerki Baumman Will Offer Accounts to Cryptocurrency Firms That’s because a second Swiss bank — the Zurich-based private bank Maerki Baumann — has agreed to form banking partnership with cryptocurrency

Tom Lee: “Bitcoin Is The Best House In A Tough Neighborhood”

Tom Lee, often regarded as Wall Street’s foremost Bitcoin permabull, recently made an appearance on CNBC “Fast Money” to outline why Bitcoin could still see further upside. Market Dominance Reflects Bitcoin Bulls On Monday afternoon, Tom Lee, the Head of Research at Fundstrat Global Advisors, highlighted the importance of Bitcoin’s dominance figure for CNBC viewers....

Bitcoin price analysis: Edging higher above $7100; Tom Lee says Bitcoin's rising Dominance is a ...
The 15-minutes timeframe chart for Bitcoin (BTC) shows that the crypto has formed an inverse neck and shoulders pattern as observed below.
Who Killed Satoshi Nakamoto?
Bitcoin invented the crypto scene as we know it. Almost everyone would agree that bitcoin and the white paper behind it, is a work of genius. Yet we ...
BitcoinNews.com Launches Bitcoin News Platform, Already Receiving Over 1,000,000 Page Views per Month

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

Bitcoin Price Claws Back Above $7000 with Further Gains Likely
Bitcoin's price swung back above $7,000 Tuesday as investors rallied behind reports that Goldman Sachs is exploring a custody offering for ...
Ripple's XRP with Excitement Accepted at Bitcoin Superstore: The CEO's Vision
The very fine qualities of XRP continue to pull users and firms towards itself with the latest addition of Bitcoin Superstore. Earlier this year, Brad ...
Want to Short Ethereum? This Uber Vet Has Built a DEX for That.

Are you a bitcoin maximalist? Convinced that EOS is the “Ethereum killer?” Soon, you’ll have the opportunity to put your money where your mouth is, thanks to a new ethereum derivatives product from decentralized fintech startup dYdX. The open-source platform, built on top of decentralized exchange (DEX) protocol 0x, uses smart contracts to allow investors

Is Barclays Opening Crypto Trading? Bank and Traders Offer Differing Takes

Two bank employees have been working on setting up a new cryptocurrency trading desk in Barclays, one of the UK’s ‘Big Four’ banks. At least, that’s what it says on their LinkedIn profiles. Business Insider reports that Chris Tyler’s profile stated that he’s been “hired to produce a business plan for integrating a digital assets

Speculative Investing Overtakes Fraud for Bitcoin Use: Report
Meanwhile, as the bitcoin use-case ratio has shifted, so too has the bitcoin dominance dynamic. Thomas Lee, market strategist and co-founder of ...
Bitcoin Price Prediction: BTC/USD strong sell signals are still seen, but enjoys a day off from selling ...
Bitcoin price seen up over 2% on Tuesday, after bears slow down from the recently strong applied selling pressure. BTC/USD has enjoyed some relief ...
'Bitcoin is the Best House in a Tough Market,' Says Fundstrat's Tom Lee
Bitcoin price has had a rough seven days. The world's largest cryptocurrency marked roughly around 12 percent decline in the last week despite a ...
IOTA Price Sinks 10% as Wider Market Plots Tepid Recovery

The IOTA price declined approximately 10 percent on Tuesday, even as the wider cryptocurrency market made a tepid recovery from its weekend lows. IOTA Price Posts Worst Performance Among Top-25 Cryptocurrencies Tuesday brought a moderate recovery to the cryptocurrency market, enabling the bitcoin price to put some breathing room between it and the crucial $6,800

Expanding the Crypto-for-Business Frontier, Speed is the Name of the Game

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. The internet keeps getting faster — faster phones, faster broadband, faster data processing. This inevitable trend leaves users expecting more and more progress as a matter of course.

Bitcoin speculators dominate cryptocurrency use now, but criminals haven't backed away
When Infante started seeing bitcoin pop up in her cases at the DEA five years ago, her analysis of blockchain data showed criminal activity was behind ...
Bitcoin Suffers, Ripple Drops 5% as Crypto Market Continues Downward Trend
The crypto market has lost $5 billion of its valuation overnight, as major digital assets including Bitcoin, Ripple, Ethereum, and Bitcoin Cash recorded ...
Bitcoin ETF Explained: 9 Questions And Answers About The Critical Crypto Catalyst
Many factors are moving the price of Bitcoin and other cryptocurrencies such as Ethereum and Ripple. Real-world usage, regulation, hacks, scaling, ...
Ethereum-Powered Insurer Nexus Is Winning Over Blockchain Skeptics
Nexus is one of several blockchain startups trying to revive mutual insurance. Its first product will cover the risks of ethereum smart contracts.
Bitcoin Price Intraday Analysis 7/8/2018: BTCUSD Awaiting Breakout

Opposite to what we expected in our previous analysis, Bitcoin has not attempted to extend its bearish momentum, at least in the last 24 hours. The BTC/USD yesterday established an intraday low at 6856-fiat, which also acted as a support to a bullish correction phase. As a result, the pair has recorded around 2% gains

Ethereum Classic Tops $2 Billion to Set 3-Month Price High
The price of ether classic, the cryptocurrency that powers ethereum classic, is on the rise at press time amid news of major exchange listings.
SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
The U.S. SEC has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month.
Bitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining Facility
Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. ...
Bitcoin Price Back Over $7000 on Growing Support From Wall Street
Growing support from Wall Street is encouraging Bitcoin bulls. As a result, big money from financial institutions could soon enter the crypto market.
Coinbase Begins Taking Ethereum Classic Deposits, Raises Buy Limit to $25,000

It’s been a tough week for most cryptocurrency investors, as the groundbreaking news that the world’s largest stock exchange operator is launching a bitcoin market failed to translate into bullish price movement. For ethereum classic supporters, however, the week could not have gone much better. Coinbase Pro Begins Taking Ethereum Classic Deposits Over the past

Starbucks to go crypto, with plans to let customers pay using bitcoin
The platform essentially converts bitcoins into US currency. While companies such as Overstock.com, Expedia, CheapAir and Shopify have already ...
Coinbase Is Boosting Its Crypto Buying Limit to $25K a Day
Cryptocurrency exchange Coinbase announced it was opening instant trades and increased trading limits Tuesday.
Bitcoin (BTC) Price Analysis: Bears Just Won't Give Up!
Bitcoin has formed lower highs and lower lows to trade inside a descending channel on its 1-hour time frame. Price bounced off the resistance and ...
Bitcoin (BTC) Price Watch: Hovering at Make-or-Break Levels
The line in the sand might be the rising trend line connecting the lows since July as a break below this could expose bitcoin price to a drop to the floor ...
Korean Police Raid Firm in Fraud ICO Probe of $130 Billion Shipwreck

South Korean police have raided the office of the company that claims to have discovered the shipwreck of a Russian pre-World War 1 battleship carrying $130 billion in gold bars and coins. On Tuesday, the Seoul Metropolitan Police Agency has raided the offices of Shinil Group, a cryptocurrency startup looking to sell treasure from a

Wall Street To Give Bitcoin Another Boost
Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That's bullish for Bitcoin and other ...
Investors and Not Criminals dominate Bitcoin Transactions, Says Federal Agent
Lilita Infante, a special agent of the United States Drug Enforcement Administration (DEA) has declared that Speculative investors dominate Bitcoin ...
Bitcoin Best Crytpocurrency Bet: Fundstrat's Lee
Bitcoin, the leading cryptocurrency, may be down, but it isn't out, as it regains share in the digital token market after several punishing months for ...
China: Trader Sues Exchange OKCoin for Failing to Release Bitcoin Cash
A Chinese Bitcoin (BTC) investor has sued local crypto exchange OKCoin for allegedly preventing him from getting Bitcoin Cash (BCH) after the BTC ...
Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town
A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in ...
Bitcoin Bounces Back Above $7000 as Crypto ATMs reach 3500
Bitcoin has managed to rise above $7,000 after dropping below that price level on Monday (August 6, 2018). The top-ranked cryptocurrency leads a ...
Ukraine Election Official Launches Voting Trial Using NEM's Blockchain
A member of the Ukraine Central Election Commission is investigating the use of blockchain technology in elections with a local NEM Foundation group.
Bitcoin Daily: Chinese TV Mines Bitcoin; Bitcoin ATM Growth Slows In July
The growth of bitcoin automated teller machines (ATMs) appears to be slowing, Cryptovest reported. While 187 bitcoin ATMs opened in July as 132 ...

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