22 November 2018

On This Day

Bitcoin price

Closing price: $4289.6888 Powered by Coindesk


Bobby Lee Predicts Bitcoin Bottom, Plus Ripple and XRP, Ethereum, Tron, IOTA, Stellar, Cardano: Crypto News Flash

From a new prediction on when Bitcoin will hit a bottom, to the future of Ripple and XRP, here’s a look at some of the stories breaking in the world of crypto. Bitcoin The co-founder of Hong Kong-based crypto exchange BTCC says Bitcoin could have more room to fall before it hits a bottom. Bobby […]

Independent Firm Verifies Crypto Giant Circle’s USDC Reserves

Circle has announced that it has contracted an independent accounting firm, Grant Thornton LLP, to verify through attestation reports the dollar reserves thaCirclece maintains to back the USDC token. Circle joins Paxos Standard in doing this on a monthly basis. According to the findings of Grant Thornton, Circle actually has about $4,000 more than it has

Forking Bitcoin Cash Fracas Caused More Harm Than Good to Crypto
This is exactly what happened to Bitcoin Cash last week and the fallout has not been pretty as it appears that both blockchains are having major ...
Bitcoin price crash: 'BTC fortunes will CHANGE!' - analysts predict HUGE SURGE in weeks
BTC has fallen to its lowest price since October 2017. Following the price crash, numerous bitcoin analysts have predicted a bounce back in value.
Brighter Days Ahead: Analysts Predict Bitcoin Will Rise & Reach $250k-$500k Per BTC
Bitcoin isn't doing well, as of late. The father of crypto has crashed repeatedly over the past several days and now stands at a measly $4,400. This is ...
MenaPay – The Stablecoin for Daily Payments

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 Analysis: BTC/USD Finding Support At $4500, $5000 Retest Likely
Dropping Bitcoin prices is not only crashing altcoins and businesses that have built empires around Bitcoin but the impact is now being felt by ...
Profits Plunge With Prices as Bitcoin Mining Rigs Go Dark
Bitcoin has had its roughest week this year with prices tumbling almost 30% in just over a week. From a seemingly stable level at over $6,000 held for ...
Bitcoin Lightning Network Explodes To New Heights With $2M Capacity
A sudden influx of nodes on Bitcoin's Lightning Network (LN) has seen capacity increase to new all-time highs as the scaling solution is now handling ...
Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In

Yeah Bitcoin is Down, But It's Only the 4th Biggest Bubble in History
Obviously, two significant bitcoin price drops in a week have caused minor/major panic in some quarters. Luckily there is plenty of data reminding us ...
'Fuddy-duddy' has the last laugh: Warren Buffett was right on Bitcoin all along
Bitcoin turns 10 this year, but there's not much to celebrate. Its price has tumbled to near $US4,000 ($5,500), down 30 per cent in a month, 50 per cent ...
Leading Singapore Cryptocurrency Exchange ‘Tokenize Xchange’ Lists TKX Emblem and Acquires a Stake in Crowd Ventures

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 Will Be the Amazon of Cryptocurrency, Says VC Advisor
If the present cryptocurrency price drop is akin to the dot-com crash of 2000, then Lou Kerner believes Bitcoin will be the Amazon of the cryptocurrency ...
A New Era in Social Investing

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

Washington bitcoin pioneer seeks Chapter 11 protection
Mired under heavy debts, GigaWatt, one of the earliest players in Central Washington's bitcoin boom, has filed for bankruptcy protection, the latest ...
French tobacco shops will sell Bitcoin and Ethereum starting January 2019
Just this week, Bitcoin hit a new low for 2018. While the effort is seen as a new potential revenue source for these merchants, it remains far from clear ...
Is the Bitcoin Nosedive an Outright Accumulation Cycle?
As Bitcoin plows through support levels that many thought were prehistoric, investor sentiment has all but sunk to a standoff between capitulating ...
Wealthbuilding Guru Says Bitcoin Hodlers Have a 'Problematic Mindset'
Ramit Sethi, author of the bestselling “I Will Teach You to Be Rich” has taken a swipe at crypto hodlers, suggesting that their investment strategy is ...
French tabacs introduce questionable plan to sell Bitcoin coupons
The French confederation of tobacconists is hellbent on allowing tobacco stores (tabacs) across the country to sell special coupons for Bitcoin BTC ...
What's Next For Bitcoin Prices -- $2000 Or $10000?
Bitcoin could be heading down to $2,000 or up to $10,000, depending on the forecasting model applied to estimate the digital currency's “intrinsic” or ...
Crypto Venture Capitalist Says Bitcoin Is Following the Path of Internet Giant Amazon

Bitcoin believer and CryptoOracle partner Lou Kerner says that the trajectory of the decentralized digital economy is long, and the ride will be bumpy. Bitcoin is not the first long-winded, disruptive platform to post epic wins followed by jaw-dropping crashes. Amazon, promising to reinvent how people shop, first made big waves on the tech scene […]

Top Tech Stocks Lost More Than Entire Crypto Market Since All-Time High

The top five tech stocks collectively lost more than $1 trillion in market value from its 52-week highs on Tuesday, which is more than what the whole crypto market lost since its all-time high. FAANG, a combination of Facebook, Apple, Amazon, Netflix, and Google, was trading in a bear market. Nevertheless, investor sentiment continued to...

Japanese Largest Shipper to Launch Stablecoin to Pay Workers at Sea

Nippon Yusen Kaisha (NYK), a shipping and logistics company based in Japan, has announced plans to introduce a digital currency as a means of providing service payments to members of its crew, according to a Bloomberg report. The company will float a stablecoin pegged to the dollar, although the details of how it would do

Bitcoin [BTC] to $3000 – $3500 still on the table, we will see “true blood in the streets”, says hedge ...
Anthony Pompliano, a perma-bull for Bitcoin [BTC] and the founder of Morgan Creek Capital Management, recently spoke in an interview with the host ...
After the bitcoin crash — here's where bulls and bears see it going
Following a blistering 80% decline from its peak this year, the brutal drop in the price of bitcoin has market participants wondering what's next for the ...
$4.6K: Bitcoin’s Price Revival Has a New Target
Bitcoin's stalled recovery rally could kick off again if prices manage to beat new resistance above $4,600.
Bitcoin [BTC] price crash is not due to SEC crackdown, says cryptocurrency Attorney Stephen Palley
The cryptocurrency market is suffering a bloodbath since the start of November. Bitcoin [BTC] has fallen down by approximately 80% since its all-time ...
Dr Doom Claims Central Bank Digital Currencies Could Destroy Crypto

If central banks issue their own digital currencies, then it would destroy cryptocurrencies like Bitcoin, wrote Nouriel “Dr. Doom” Roubini in his latest column. The article, titled “Why central bank digital currencies could destroy crypto,” saw the American economist building up his rants against the cryptocurrency space. He had earlier called Bitcoin “a mother of...

IBM and Columbia University Launch Two Blockchain Startup Accelerators

On Nov. 19th, 2018, IBM and Columbia University announced the introduction of two new blockchain startup accelerators as critical components of their center for research, education, and innovation in blockchain technology and data transparency. IBM Network and Columbia Launch to accelerate industry adoption The joint venture, part of the Columbia-IBM Center for Blockchain and Data

France: Central Bank Does Not Endorse Plans for Tobacco Shops to Sell Bitcoin
France's tobacco federation, the Fédération des Buralistes, has obtained permission to sell Bitcoin (BTC) at tobacconists from January 2019, privately ...
As Bitcoin prices fall, mining crypto is no longer profitable for many
Prices of Bitcoin, the world's leading digital currency, have tumbled nearly 30% in the past week and hit a 13-month low of about US$4,500 (RM18 ...
What Year is it? Rebecca Black Parody Pumps Bitcoin Black Friday
Titled “BitPay – Black Friday Bitcoin Song,” the video is racking up a moderate amount of interest ahead of the annual post-Thanksgiving sale known ...
Can Fidelity and Bakkt Fix Bitcoin's Liquidity Problem?
It's no secret that cryptocurrencies are facing a Bear market, with Bitcoin leading the way. In the past week alone, the digital currency has lost more ...
CryptoOracle's Kerner: Bitcoin Is the “Greatest Store of Value Ever Created”
Lou Kerner, partner at venture capital firm CryptoOracle, admitted that investing in Bitcoin is not for the faint of heart, but that there are rewards for ...
Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms
Norway has acting to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway's largest printed newspaper Aftenposten reported Nov. 21.
A Bitcoin Thanksgiving: Looking Back on a Wild One-Year Ride

Last year, as early cryptocurrency adopters sat down to Thanksgiving dinner with their families, they spoke of the newfound fortune they’d earned from investing in the emerging asset class, and in particular Bitcoin. Since then, it has reached new all-time highs and set new one-year lows, and made a number of volatile price swings in...

Bitcoin price crash causes bankruptcy and mass cryptocurrency mine closures
Bitcoin mining operations in the US and China are facing closures after the plummeting price of bitcoin means they may no longer be profitable.
There Is No ‘Bitcoin’: What the SEC Doesn’t Get About Cryptocurrency
The SEC would like to establish jurisdiction over crypto assets but this is only appropriate where there are legally enforceable contracts between legal entities, argues Edan Yago.
Why Major Crypto Exchanges are Granting Bitcoin Cash With BCH Ticker

The hash power war between Bitcoin Cash (BCH) and Bitcoin Cash SV (BCHSV) ended with a one-sided victory for BCH. Prior to the hard fork on November 15, major cryptocurrency exchanges publicly expressed support towards the roadmap set forth by bitcoincash.org or ABC, the original Bitcoin Cash blockchain network. Fast forward eight days, a growing

SWIFT India Partners With MonetaGo for Blockchain Banking Pilot

SWIFT India has announced a collaboration with financial technology provider MonetaGo to launch a distributed ledger pilot program that will aid the operation of Indian banks. Using infrastructure provided by MonetaGo and SWIFT’s standardised financial messages, the proposed blockchain platform will enable banks in the country to improve the security and efficiency of their financial products

Are we riding fifth Bitcoin wave?
So let us tell you what they are and why they matter, and what they have to do with current predicament of Bitcoin. Just keep reading, we won't get ...
Bitcoin (BTC) Price Analysis: Can Buyers Keep Recovery Going?
Bitcoin price traded to a new yearly low at $4,303 and later recovered. However, BTC/USD is facing a lot of hurdles near the $4,700 and $4,900 ...
Norway Ends Power Tax Subsidy for Bitcoin Miners
The Norwegian government has scrapped a power subsidy currently granted to bitcoin miners in its state budget. According to a report from local news ...
Blockstream CEO Believes in Long-Term Value of Bitcoin, Says BTC Could Be $500k When Bitcoin ...
As Bitcoin continues to languish below $5,000 and the general market in a far worse state, many experts in the space, while still optimistic about the ...
Susquehanna Exec: Bakkt and Fidelity Could Solve Bitcoin's Liquidity Issue
Over the past week, the price of Bitcoin has dropped by more than 35 percent, and the majority of analysts in the crypto space have shared the ...
BTC/USD Price Analysis: Bitcoin Payments Drop while Lightning Network Capacity Increase
Even though specific data that maps out the performance of Bitcoin transactions are patchy, it's likely that the path is most likely the same.
Coinbase Faces Fresh Bitcoin Cash Insider Trading Lawsuit Following Initial Rejection
The lawsuit, which Jeffery Berk filed earlier this year to address alleged insider trading of Bitcoin Cash (BCH) among Coinbase officials in 2017, failed ...
French Tobacco Shops to Sell Bitcoin From 2019

French cryptocurrency adoption and usage are set to receive a minor boost from next year, as the French Prudential  Supervision and Resolution Authority (ACPR), a regulatory offshoot of the Banque de France has granted permission for tobacco shops in the country to sell bitcoin from January 1, 2019. According to a news report from  Europe

BitMEX CEO Arthur Hayes: 2019 to Be ‘Year of Reckoning’ for Major ICO Funds

In a recent newsletter, BitMEX CEO revealed research done by BitMEX which listed 12 ICOs that raised more than $50 million in ICO but have yet go live on any secondary exchanges. The tokens listed were: Telegram Filecoin DFINITY Polkadot tZero Basis Orchid Protocol Rootstock Algorand Cosmos Oasis Labs He added: These deals have massive

People Are Buying Less with Bitcoin
Chainalysis is a company that researches bitcoin, a digital form of money that is not controlled by a state. The company said that the value of bitcoins ...
Bitcoin Is Smoking
Thousands of tobacco shops in France will start to sell Bitcoin coupons from the 1st January next year. This year has been a funny one for Bitcoin.
Don't fall for the Black Friday-themed Bitcoin giveaway scams
It appears hackers were able to seize control of the email address of cryptocurrency exchange desk Uphold – and blast its users with a link to a Bitcoin ...
Crackdown: Colorado Regulator Takes Down Four More ICOs

The Colorado State Department of Regulatory Agencies (DORA) has taken action against four more ICOs, ordering them to immediately cease and desist from carrying out all activities in violation of state finance laws. In a November 20 press release posted on the regulator’s website, it was revealed that with these four new additions, Colorado Securities Commissioner

French Tobacco Retailers to Sell Bitcoin From January
Tobacconists in France are reportedly going to be selling bitcoin vouchers to the public from New Year.
Price Predictions Roam Free As Bitcoin Stabilizes Above $4500
Since the crypto industry's monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin ...
Swiss Railway Tests Blockchain Identities for Workplace Safety Boost
Swiss Federal Railways has trialed a blockchain-based credentials management system for construction workers.
Bitcoin Cash [BCH] proponent Roger Ver speaks about Bitcoin.com after the BCH hard fork
On November 22, Roger Ver, the Chief Executive Officer [CEO] of Bitcoin.com spoke about the functioning of the Bitcoin.com website after the ...
Major Banks Sign Up for New EU Commission Blockchain App Association
The European Commission, the EU's executive body, is launching a blockchain app association next year and already has major banks on board.
Investors in US Market Paid $39000 to Buy Bitcoin at Peak Using GBTC
In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, ...
French Tobacco Shops to Start Selling Bitcoin Vouchers in 2019
French cryptocurrency platform Keplerk has partnered with tobacco shops in the country to start offering Bitcoin to customers from early next year.
Bitcoin's crash is not the end of cyber currencies
Across cryptocurrency forums and blogs, the word of the month is “capitulation”. With bitcoin below $5,000 for the first time since October 2017, leading ...
Singapore to Offer Seed Funding to Enterprises to Boost Blockchain Adoption

The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. According to The Business Times, the Infocomm Media Development Authority (IMDA) which falls under Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and ICT sector. This is with a view

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