12 November 2018

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Closing price: $6356.0238 Powered by Coindesk

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PBoC: Cryptocurrencies Will Not Replace or Disrupt Fiat Systems

The People’s Bank of China (PBoC) has shown extreme confidence in the superiority of fiat systems over cryptocurrencies. China’s central bank refused to acknowledge blockchain and its derivatives as catalysts for financial innovation. Stating that no technology was able to disrupt the monetary system, the bureau believed that blockchain would not make any substantial difference...

Mixed Markets as Bitcoin [BTC] Price Trades Flat
There is a mixed performance from altcoins as the week starts with some performing well and others undergoing losses. Bitcoin traded relatively flat ...
Bitcoin Cash Drops 8% Despite November 15 Hard Fork in Stagnant Market

Over the last 24 hours, the price of Bitcoin Cash (BCH) has dropped by more than 8 percent, experiencing a steep sell-off for the first time since October 11. For nearly two weeks, BCH has maintained strong upward momentum supported by the growing anticipation towards the scheduled November 15 hard fork on the Bitcoin Cash

Twitter grapples with fake Elon Musk accounts promoting bitcoin scams
Bitcoin scammers pretending to be Tesla CEO Elon Musk on Twitter are at it again. The hijacked Twitter accounts for Farah menswear, a UK clothing ...
Consensus: The Bitcoin Way
An appeal to exchanges, payment processors and wallet developers… Bitcoin's whitepaper redefined money as we know it; forever. We have a ...
Politician Accounts Hacked By Fake Elon Musk Bitcoin Scam
They used the accounts to impersonate Musk and promote a bitcoin scam claiming that Musk is giving away 10,000 bitcoins to participants.
Bitcoin price stability is 'calm before the storm', cryptocurrency analysts predict
Bitcoin's most sustained period of price stability in its history is about to come to an abrupt end, crypotocurrency experts have warned. Since early ...
Bitcoin Price Set for Breathtaking Moonshot on the Back of Rising US Debt, Says ShapeShift CEO ...
Erik Voorhees believes the price of Bitcoin will increase on the back of skyrocketing U.S. debt. The Chief Executive Officer of ShapeShift – a ...
Hong Kong-Based Bitcoin Mining Pool BTCC to Close Indefinitely

Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. According to a statement from the firm published on November 6, 2018, the company says it would “shut down all mining servers on November 15

Bitcoin Analysis: Price Stuck Below 6360-6384 Resistance Zone
Bitcoin kicked off the week by erasing gains made during the weekend, falling 1 percent against the US Dollar. The BTC/USD pair stayed depressed ...
Bitcoin Scammers Hijack Twitter Accounts to Run 'Elon Musk' Ads
The hijacked account then becomes a vehicle to promote the scam, in which “Elon Musk” claims to have quit Twitter, and asks people to send Bitcoin ...
Bitcoin accepted: Great Lakes Science Center makes landmark move
CLEVELAND, Ohio - Paper, plastic and crypto too. The Great Lakes Science Center will accept bitcoin starting November 13. That's according to ...
Greg Maxwell: Bitcoin SV 'Maybe' the 'Real Fake Bitcoin' – 'But Who Cares?'
Now, Is “Bitcoin SV” the real fake bitcoin (bch)? Maybe but who cares. I think it's unfortunate that Wright's over the top mania is causing dissension in ...
Poloniex Requires 2,000 Confirmations for Bytecoin Transactions

If you want to trade Bytecoin on Poloniex, you’re going to have to wait a significant amount of time, CCN has learned. This reporter decided to enter the BCH pre-fork trading at the exchange and wanted to use his Bytecoin holdings as part of that process. He withdrew them from where they were held and

NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability
Bitcoin Cash (BCH) is one of today's worst performing major alts, currently trading down just over 1% at its current price of $520. It is currently down ...
Tron Transactions Surpass Bitcoin, Ethereum, XRP and Bitcoin Cash
Tron (TRX) has achieved a new record on its network. Tron's network has surpassed Bitcoin (BTC), Ethereum (ETH), XRP and Bitcoin Cash (BCH) in ...
An EOS-based Digital Wallet from Volentix Plans to Compete with Centralized Exchanges

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

The Elon Musk Bitcoin scam is back and it's duping people again
Elon Musk is offering people the chance to win some bitcoin off him again. Only it's not Elon and it's not real. The whole thing is another scam that's ...
Forget Bitcoin: 3 Altcoins That Will Double
Is it a good time to invest in Bitcoin (BTC)? Is Bitcoin (BTC) ready to move? The Twitter feeds are sure of it. Any day now, Bitcoin (BTC) is going to go ...
Bitcoin Cash [BCH] proponent: DSV changes it from being something that is effectively legal
Craig Wright aka Faketoshi, a strong believer of the Bitcoin Satoshi's Vision implementation for the Bitcoin Cash [BCH] blockchain, recently appeared ...
Withdrawing Crypto to Fiat From Bitfinex Now Costs Close to PayPal

Converting crypto to fiat is not cheap anymore, at least on Bitfinex. The Hong Kong-based digital assets exchange on Sunday updated its fee structure for high-frequency wire withdrawals. It effectively imposed a 3 percent commission cut on all external wire withdrawal requests that would exceed 1) more than two fiat withdrawals in any thirty day period,...

Study: Demand For Crypto From Millennials Continuing to Rise Rapidly

According to a study conducted by Deidre Campbell, Global Chair of Financial Services at Edelman, reported by the New York Post, crypto still remains as a preferable long-term investment amongst millennial investors. “Anyone that has crypto tells me they wish they bought it sooner,” said Campbell, whose study revealed that more than 25 percent of

How Bitmain can win the Bitcoin Cash [BCH] hash war: Bitcoin [BTC] hashrate to play a role?
Opinion: All eyes have turned to the upcoming Bitcoin Cash [BCH] hard fork, with the battle between Coingeek and Bitmain continuing to escalate.
Bitcoin Price Analysis: BTC/USD Recovery Faces Significant Hurdle
Bitcoin price found support near $6,355 and recovered against the US Dollar. However, BTC/USD is currently facing a solid resistance near the ...
Bitcoin ABC Has 600% More Nodes than Bitcoin SV
Editor's note: The article's headline has been amended to clarity. According to Coin.Dance, a reputable Bitcoin network data provider, there are about ...
Everything You Need To Know About The Upcoming Bitcoin Cash Hardfork
Bitcoin Cash will have two separate chains following the upgrade due to two ... In July 2018, Bitcoin ABC dev Amaury Sechet proposed a solution that ...
Hash Power Favors Craig Wright Camp in Looming Bitcoin Cash Fork
Bitcoin cash's upcoming network update (or hard fork) is coming on November 15, but a fractious divide between competing stakeholders has raised ...
Bitcoin and BTC.com Top New CryptoSuper500 List
MENLO PARK, Calif., Nov. 12, 2018 – OrionX Research today announced that Bitcoin and BTC.com top the first release of the CryptoSuper500 list.
Bitcoin Price Unbudgeable at $6400, What Does the Market has to Say?
Stuck at $6,500, Bitcoin is in green but with little to no movement while a few altcoins are registering decent greens. It is expected of Bitcoin to break ...
Former CIA Cryptographer Says Bitcoin Is Perfect Vehicle for 'Entire Shadow Banking System'
The key to a new model is recognizing the capabilities and the power of Bitcoin, a worldwide currency with a global user base, as programmable ...
Bitcoin Price Analysis: BTC/USD Technically Bearish and Yes, You Can't Settle using Bitcoin in ...
Needless to say, it is possible—remember, for Bitcoin to test those levels then digital assets must command less than 10 percent of the world financial ...
Twitter, those 'verified' bitcoin-pushing pillocks are pissing everyone off
The end result appears as though Musk is responding to his own tweet, and nudging hapless bitcoin owners to drop their coins into the scammer's ...
Stablecoins Are a Game Changer, Says Aussie Crypto Exchange Founder

Co-founder of Australian based cryptocurrency exchange CoinJar has stated that stablecoin is a game changer for the industry and that the potential use cases are much more than we know, The Australian Financial Review reports. Stablecoins are cryptocurrencies created to combat the volatility of the market by creating a token that can be converted into

Bitcoin Cash (BCH): The Coming Hash Wars “Will Be Brutal”
Bitcoin Cash (BCH) is bracing for the “hash wars”, a fight for dominance by the various coalitions of pools on the network. The split will be between ...
Singapore’s Central Bank, Stock Exchange Settle Tokenised Assets on a Blockchain

In a blockchain breakthrough, Singapore’s central bank and the country’s primary stock exchange have successfully developed an automated method for rapid settlements of tokenized assets. In an announcement on Sunday, the government of Singapore announced the successful development of a Delivery versus Payment (DvP) mechanism – powered by smart contracts – for settlement of tokenized

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price ...
Venture capital investor Tim Draper, in a recent panel discussion, reiterated his previous call that Bitcoin will reach the price of $250,000 per coin by ...
Why the IMF is Trying to Stop Marshall Islands From Adopting Crypto

The International Monetary Fund (IMF), a global financial organization run by 189 countries, is against the proposal of the Marshall Islands to launch a sovereign digital currency by adopting crypto. As early as September 10, the IMF criticized the finalized plans of the Marshall Islands of creating a national cryptocurrency, citing potential money laundering, financial

US Science Centre Now Accepts Bitcoin
Prior to the Great Lakes Science Centre starting to accept Bitcoin as a payment method, the Swiss luxury watchmaker, Hublot successfully ...
5 recent tactics criminals use to steal your Bitcoin (and other cryptocurrency)
While the cryptocurrency mania that drove Bitcoin's price to $20,000 may have eased, the threat posed by the most experienced cybercriminals hasn't ...
IBM Looks to Disrupt Scientific Research on the Blockchain

The use cases for distributed ledger technology are on the rise, as evidenced by IBM’s most recent patent application for open scientific research on the blockchain. The tech giant envisions a system in which a blockchain represents an experiment with individual blocks comprised of project components including research data, data analysis and results as well as

Think “Globally” and $250k Bitcoin by 2022 is clear, says Tim Draper
He bases this prediction not only on strict economics but in the paradigm shift that Bitcoin and cryptocurrencies represent. For Draper this paradigm ...
Bitcoin ABC Support Crosses 51% Threshold in Bitcoin Cash Fork
According to Coin.Dance, a reputable Bitcoin network data provider, there are about 600% more Bitcoin Cash ABC nodes than Bitcoin SV (“Satoshi ...
Venezuela to Present Petro Crypto to OPEC as a Unit of Oil

The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil. According to local news outlet Telesur, the country’s petroleum minister and the president of state-run oil and natural gas company PDVSA, Manuel Quevedo, stated that Petro transactions

Micro-Cap Cryptocurrency Vulcano ($VULC) Making Macro Waves

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

SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin
As Bitcoinist has reported, the announcement of new punitive measures against Iran sparked speculation over the potential future role of Bitcoin and ...
Good news for bitcoin investors? Cryptocurrency “bull run” ahead
Bitcoin prices have stabilised around $6,400 since October 2018 whereas equity markets have been tumbling, this may be a sign of relief to all the ...
Popular Thai Actor and Siblings Plead Not Guilty in $24 Million Bitcoin Fraud

Three Thai siblings who are being prosecuted for defrauding a 21-year-old Finnish investor of bitcoin worth 797 million baht (approximately US$24 million) in the Criminal Court of Bangkok have pleaded “not guilty” for the charges. At the hearing, prosecutors accused the siblings, Prinya, Supitcha and popular Thai actor Jiratpisit Jaravijit of convincing Finnish investor Aamai

The Next Bitcoin? Initiative Q Attracting Over 100000 New Users Daily
Initiative Q launched five months ago to a select group of people, utilizing an invite-only campaign that has gone viral. The project was created by ...
Bitcoin Cash [BCH/USD] Technical Analysis: Market betting on the bear's win?
Bitcoin Cash [BCH], the fourth-biggest cryptocurrency by market cap, has been the talk of the market as the hard fork is nearing. The date for the ...
BitBay Partners with Coinfirm to Bring Better Security and Transparency to Cryptocurrency

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

US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes
U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin (BTC) and ...

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