11 September 2018

On This Day

Bitcoin price

Closing price: $6282.9213 Powered by Coindesk

Headlines

Ethereum's ASIC Rebellion Heats Up With New Effort to Brick Big Miners
Miners are discussing whether they can get a hardware change added to remove ASICs from an upcoming ethereum software update.
Crypto Exchange KuCoin Invests $3 Million in Rival Bitcoin Australia
Singapore-based virtual currency marketplace KuCoin has made an investment in Bitcoin Australia – a move that is targeted to enhance the global ...
Bitcoin And Crypto Get Major British Soap Exposure
Bitcoin and cryptocurrency have found an unlikely home: on British soap opera Coronation Street, a TV programme watched by some eight million ...
IMF Doesn’t Like Marshall Islands’ Plan for (Non-USD) ‘Sovereign’ Cryptocurrency

The International Monetary Fund (IMF) has expressed misgivings about the plan to offer a national cryptocurrency by the Marshall Islands, saying that this would “increase macroeconomic and financial integrity risks, and elevate the risk of losing the last U.S. dollar correspondent banking relationship.” In February, CCN reported that the parliament of the Republic of Marshall

Bitcoin [BTC] Subreddit moderator responds to Roger Ver's ambush
On 11th September, Ruben Somsen, one of the moderators of r/Bitcoin community responded to a video released by Roger Ver for public viewing ...
Canadian Bitcoin Fund Receives Status as Mutual Fund Trust
Canada's “first” and “only” regulated Bitcoin (BTC) fund First Block Capital Inc. has obtained mutual fund trust status, allowing investors to put their fund ...
Major French Soccer Club Plans to Launch Its Own Cryptocurrency
French soccer club Paris Saint-Germain is planning to issue its own cryptocurrency as a way to incentivize participation from its international fans.
Chinese Ministry Eyes Blockchain to Boost Trust In Charities
China's Ministry of Civil Affairs is planning a blockchain upgrade of the country's charity tracking system to bring more transparency to donations.
Bitcoin Cash Hard Fork Debate Reconvenes After the Stress Test
Over the last few weeks, there's been a heated discussion within the Bitcoin Cash (BCH) community concerning the scheduled November 15 hard fork ...
Riot Blockchain, MGT Capital CEOs Charged in $27 Million Penny Stock Scam

Two of the blockchain hype bubble’s flagship companies now find themselves with new captains at their respective helms, after their CEOs stepped down days after being charged by U.S. regulators with perpetrating a $27 million penny stock scam. Riot Blockchain, MGT Capital CEOs Named in SEC Complaint John O’Rourke, who until this week led biotech-turned-cryptocurrency

IMF Advises Against Crypto as Legal Tender in Marshall Islands Report
The IMF says the Republic of the Marshall Islands should reconsider introducing a cryptocurrency as a second legal tender over perceived risks.
Blockchain App Factory Moves into Security Token Offering Development (STO)

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 [BTC] price won't go up by 1000x but a 10x jump is viable says financial expert
In a recent interview with Bloomberg, Aaron Brown, former Head of Financial Market Research at AQR Capital Management spoke about the Bitcoin ...
How Bitcoin ETF, Bakkt, Citigroup Custody Will Determine Future of Crypto Price
The cryptocurrency markets are relatively flat, with most of the major cryptocurrency prices including Bitcoin trading up or down less than 1% on a ...
Olaf Carlson-Wee Rode the Bitcoin Boom to Silicon Valley Riches. Can He Survive the Crash?
Bitcoin is software that allows people to exchange value directly, without any government intermediary, essentially functioning as a digital form of ...
UK Regulator’s Chief ‘Won’t Rule Out Roles’ for Cryptocurrencies, Warns of Risks Anyway

The chief executive of the United Kingdom’s primary financial regulator has called for a balanced approach in nurturing the benefits while narrowing out the risks of cryptocurrencies. In a speech during the regulator’s Annual Public Meeting on Tuesday, Financial Conduct Authority (FCA) chief Andrew Bailey outlined four specifically chosen operational risks that figure within the

One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency

French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering  that aims to incentivize its supporters over a blockchain. The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in Malta. The partnership is based

Major Crypto Companies Form DC Lobbying Group
A number of major cryptocurrency firms are forming the Blockchain Association to lobby Washington, D.C. lawmakers on regulations in the space.
Energy industry looks to take blockchain beyond Bitcoin
September could become the month that blockchain moves from being associated with Bitcoin mines — and potential higher energy costs — to ...
How is Bitcoin Actually Faring Right Now?
It's easy for pundits to come up with short-term forecasts of where the price of Bitcoin is going to go, but to do a deep analysis into the developments ...
Get ready for Big Bitcoin: Cryptocurrency industry opens a DC lobbying arm
The price of bitcoin may be down compared to last year's meteoric heights. But industry officials aren't waiting for the next spike in investor demand to ...
ICOs Aren’t Cashing Out Their Cryptocurrency Warchests [Yet]: Research

When the ethereum price crashed by nearly 50 percent during the first two weeks of August, some analysts speculated that last year’s initial coin offering (ICO) boom was to blame for the second-largest cryptocurrency’s decline. During 2017 and early 2018, cryptocurrency startups raised billions of dollars through ICOs, funds which were predominantly denominated in ether

Bitcoin Not Useful for Terrorists, Expert Tells US Congress
Despite scattered reports and fears about crypto's potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash ...
Bitcoin Price Analysis: BTC/USD big problems as price breaks pennant and sees retest, here ...
The Bitcoin price was seen in negative territory on Tuesday by around 1%, as the hard-selling pressure continues to hit the market. Indicators remain ...
Bitcoin Mutual Fund Now Available in Canada
A bitcoin mutual fund, “the first investment product of its kind in Canada and the only open-ended Bitcoin fund approved by the Canadian regulators,” ...
Bitcoin Dominance Rate Hits 2018 High
After a series of volatile price swings, bitcoin's price was back on even keel Tuesday. The leading digital currency hovered within a narrow range in ...
Cryptocurrency Market Update: Bitcoin Dominance Reaches New 2018 High

FOMO Moments Altcoins are still suffering; Cardano, Nem and VeChain still dumping, Emercoin and Waves rising. There has been virtually no movement in the crypto markets over the past 24 hours. They are still thoroughly depressed and in their worst state for over a year. Total market capitalization is still below $200 billion and close...

Bitcoin price may be consolidating above the $6000 level
So far today the price of Bitcoin is down but still well over the $6,000 mark. The range so far is rather narrow. Perhaps, the price is consolidating before ...
Stellar Gets Another Boost With TokenSoft ICO Services Expansion
In the latest good news for the crypto project, TokenSoft says it is launching support for token sales built on the Stellar network.
Bitcoin Technical Analysis: BTC/USD huge psychological $6000 level remains intact for now, big ...
Bitcoin price was trading within the red again on Tuesday, nursing losses just shy of 1%, as bears continue to chip away. BTC/USD continues to move ...
The Nakamoto Imperative: Why We Have to Build a Decentralist Culture
The following opinion piece on building a decentralist culture was written by Max Borders, director of Social Evolution and author of The Social ...
Bitcoin crash: This man lost his savings when cryptocurrencies plunged
The dream didn't last for Russell, who works as a property developer in the United Kingdom, buying homes and fixing them up. The price of Bitcoin ...
SEC Hits Crypto Asset Fund and 'ICO Superstore' With Penalties
The SEC announced twin agreements with two different cryptocurrency-related companies
This micro-horror film sums up your experience with bitcoin
But horror movies couldn't possibly compete with the anxiety-producing volatility of people watching their actual investments in bitcoin and Ethereum ...
US Judge Rules ICO Frauds Fall Under Securities Law
A federal judge has ruled that a criminal case against an alleged ICO fraudster will proceed to trial, saying existing securities laws apply.
Bitcoin Price Watch: BTC/USD Approaching Next Key Break
Bitcoin price remained confined in a range above $6,240 against the US Dollar. BTC/USD could recover to $6,530 if it breaks the $6,400 resistance.
Tokenized Securities: The Next Boom
The following opinion piece on token-as-securities was written by Benjamin Pirus, a crypto trader who has written many articles for different ICOs, ...
Bitcoin price analysis: BTC/USD butchers $6300 support despite positive UK FCA Chief's take on ...
As shared in the daily market update, Bitcoin is battling to remain stable above $6,300 but its upside is capped below $6,400. In fact, at the time of ...
In First, FINRA Files Fraud Complaint Against Crypto Broker
The Financial Industry Regulatory Authority (FINRA) has filed a securities fraud complaint against a cryptocurrency broker.
Bitcoin (BTC) Price Watch: Tight Battle Between Bulls and Bears

Bitcoin Price Key Highlights Bitcoin price is currently consolidating in a short-term symmetrical triangle visible on the 1-hour chart. The breakout could set the longer-term direction for bitcoin as it nears a key support area. Technical indicators are suggesting that a downside move is more likely to happen than an upside break. Bitcoin is consolidating...

Bitcoin Dominance Eyes 60% as Ethereum Price Flounders
The recent fallout in altcoin prices, particularly ethereum, has boosted bitcoin's dominance of the crypto market, now commanding nearly 60% of ...
Bernie Moreno's car dealerships now accept Bitcoin
CLEVELAND, Ohio -- For the first time in North America, you can buy a Mercedes-Benz or Porsche with Bitcoin. Bernie Moreno dealerships, mainly in ...
The Bank of Russia Says Its ICO Experiment Was a Success
The Bank of Russia has successfully concluded an experiment in conducting ICOs, though questions remain as to their legality in the nation.
Bitcoin: Widespread Adoption Could Drive Prices Much Higher
Despite being hyped and talked about a lot, still very few people own Bitcoin, and even fewer use it regularly, as quantified estimates point to around 3 ...
Bitcoin Price Intraday Analysis: BTC/USD Cautious Amidst Crypto Sell-Off
Bitcoin price on Tuesday depreciated against the US Dollar by almost 3.5 percent as the selling sentiment throughout the crypto-market continued to ...
Bitcoin [BTC] developer Jimmy Song in trial by combat with Bitcoin Cash [BCH]'s Roger Ver
On 10th September, a YouTube channel published a video from the ongoing blockchain cruise in Spain. Here, Bitcoin developer Jimmy Song and ...
Fintech Company AlphaBTC expands bitcoin kiosk network in Midwest
In addition to the five kiosks in Omaha, AlphaBTC also has a kiosk in Lincoln, Nebraska, one in Fargo, North Dakota, and a bitcoin ATM at Jones Bros.
Power struggle: How a bitcoin mining boom is transforming apple country, one megawatt at a time
Malachi Salcido, bitcoin miner and founder of large-scale contracting firm Salcido Enterprises, made that observation about modern world during my ...
The final court battle for India's cryptocurrency exchanges begins
Like when bitcoin lost nearly $200 billion in market capitalisation in just about two months after hitting the December 2017 peak, the RBI pointed in its ...
Bitcoin has gone 268 days without a new high – Charlie Biello
CAPE TOWN – Charlie Bilello, director of research at the US investment advisory firm Pension Partners, took to Twitter to share alarming research on ...
Tezos Price Nears 12% Spike on a Bearish Day for Crypto Markets

Tezos on Tuesday appreciated 12 percent against the US Dollar, recovering from the long bearish correction from September 10. XTZ/USD opened today while trading at 1.270-fiat on Gate.io exchange. The pair continued its corrective phase in the early Asian trading hours and formed lower lows towards 1.256. As the session matured, bulls and bears were

The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea

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 [BTC] hashrate could “wipe out” Bitcoin Cash [BCH] in 20 days: Litecoin [LTC]'s Charlie Lee
On Bitcoin Cash, Lee began by asking the question of censorship resistance. He went on to say that even though it is resistant to censorship currently, ...
Bitcoin Daily: NY Approves First Stablecoins, WeChat Blocks More Crypto Accounts
New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved ...
Bitcoin [BTC] will see more inflow as more banks clam down people's free flow of money, says ...
Bobby Lee, the CEO of BTCC, one of the biggest Bitcoin exchange platform in China, spoke about money laundering and Bitcoin [BTC], during the ...
R3, Ripple Settle Legal Dispute Over XRP Purchase Option
Blockchain startups Ripple and R3 have resolved a legal battle that saw both firms filing suits in the U.S. over a contract dispute.
Nasdaq Said to Be Building Tool to Predict Crypto Price Movements
Nasdaq is said to be beta testing new cryptocurrency analysis tools geared toward institutional investors.
Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

Blockchain companies Ripple and R3 have reached an undisclosed settlement on “all outstanding litigation,” putting an end to a legal spat involving a tranche of cryptocurrency tokens once worth as much as $19 billion. In a brief statement published on Monday, the San Francisco-based Ripple announced the settlement, stating that the terms would remain confidential.

Why 'stable coins' are no answer to bitcoin's instability
But conventional cryptocurrencies, such as bitcoin, trade at wildly fluctuating prices, which means that their purchasing power – their command over ...
Should Your Company Accept Bitcoin And Other Cryptocurrency Payments?
While your organization may have already grappled with whether or not to add PayPal, Square or Apple Pay to your payment options, adding the ...
Altcoins Keep Dropping While Bitcoin Breaks Another Record of Market Dominance in 2018
In another wave of red, Bitcoin still continues gaining momentum in terms of market share, demonstrating a significant growth in its dominance over the ...
Bitcoin (BTC) Price Analysis: Waiting for a Triangle Breakout
Bitcoin is still hovering above its long-term support near the $6,000 mark and has consolidated inside a short-term symmetrical triangle. A break below ...
Bitcoin Bulls Are Sweating Latest Test of Key Resistance Level
Bitcoin's recent stumble could turn into a full-blown tailspin, testing its strong support level of $6,000 again, according to a leading technical indicator.
Bitcoin Cash Price Analysis: BCH/USD Could Recover To $500
Bitcoin cash price is trading above the recent low against the US Dollar. BCH/USD is likely to recover a few points towards $500 in the near term.
DAEX: A Digital Assets Exchange to Guarantee Crypto Security

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. At one point in late 2017, the cryptocurrency market was well on its way to reach a cumulative market capitalization of $1 Trillion. Several months later, even though the

Waves Swells 45% Upon Announcement of Smart Contract Protocol

Waves token value appreciated against the US Dollar after the company announced to launch a new smart contract protocol for their blockchain. Waves’ Smart Contract Protocol Announcement Excites Bulls The WAVES/USD value on Binance rose from 1.90-fiat to as high as 2.76-fiat on the day of the announcement, amassing over 45 percent gains. The pair

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof.
In Eichengreen's opinion piece, he highlighted some reasons why stablecoins are not practical enough to solve bitcoin's instability. He explained the ...
Bitcoin Top Price Prediction: When markets realize the good Winklevoss NYDFS news, breaking ...
Bitcoin Top Price Prediction: When markets realize the good Winklevoss NYDFS news, breaking above this level is key to the upside – Confluence ...
Bitcoin Price Stabilizes: Market Recovery Expected After Flurry of Positive News
Bitcoin has found stability in the low range of $6,300 to $6,400, demonstrating decent volume at around $3.8 billion and pushing its dominance index ...
India: Former Legislator Remanded in Custody in Connection With Bitcoin Extortion Case
In July, a senior official from the Indian opposition party the Indian National Congress (INC), Shaktisinh Gohil, demanded a probe into a “mega Bitcoin ...
Bitcoin Price Analysis: BTC/USD Forming a Bearish Flag?
Bitcoin recently kicked off the week with a sharp tumble and is now pausing from the slide inside a small consolidation pattern. For some, this could be ...
Bitcoin Price Awaits Next Move as Trading Range Narrows
Bitcoin (BTC) is being squeezed into a tight trading range with neither bulls nor bears currently having the upper hand.
Bitcoin holds $6000; futures volumes sink
Bitcoin prices were holding the $6,000 level early Tuesday, with traders seemingly taking stock after the recent selloff put dents in many digital asset ...
The CryptoInfluence Summit: Promoting Collaborations to Fuel the Mass Adoption of Blockchain Technology

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

Venezuelans Queue Up at Gas Stations as Maduro’s Latest Fintech Plan Falters

As Venezuelan President Nicolas Maduro starts rolling out major monetary changes, citizens have hit a snag with the new point-of-sale systems at gas pumps, according to a report from Reuters. Long lines gathered at gas stations where drivers were unable to use the payment systems to purchase gas, adding to the list of infrastructure problems caused

Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different
People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, ...

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