2 December 2018

On This Day

Bitcoin price

Closing price: $4116.6138 Powered by Coindesk


Top 5 Crypto Performers Overview: TRON, Litecoin, XEM, Bitcoin, Ethereum
Critics are pointing to large energy consumption by the Bitcoin mining industry as a threat to the global climate. However, CoinShares, a digital asset ...
Bitcoin Trading Volume Exceeds $2 Trillion in 2018 Despite Year-Long Bear Market
With a few weeks still left in 2018, the total Bitcoin trading volume for the year has already crossed $2 trillion. Many countries have also seen record ...
Tokyo Bitcoin Cash meetup group welcomes both BCHABC and BSV supporters
The Bitcoin Cash community in Tokyo has declared its stance towards the split of the cryptocurrency. In the meetup group, supporters of both BCHABC ...
Stellar Emerges as Year's Best Performing AltCoin When Indexed to Bitcoin Price Performance
Stellar's XLM has emerged as the year's best performing top ten altcoin under a relative indexing methodology which sees crypto price performances ...
Get Ready for Crypto Sanctions Enforcement
Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.
The Impending Suicide of Bitcoin Maximalism
It essentially consists of believing that only Bitcoin will succeed, and other similar projects will fail, as well as a dedication to protecting this outcome.
Cryptocurrency Investor Says Bitcoin Price Yet to Bottom
The partner at the crypto investment firm BlockTower Capital talked on CNBC Fast Money about virtual currencies and Bitcoin. Bucella said that there ...
Bitcoin: Let's go one step at a time
Bitcoin, the uncrowned King of cryptocurrencies, has given a bounce from the recent bottom, making many traders and investors believe that perhaps ...
Bitcoin price recovered and finished the week on green
Bitcoin price recovered recently and traded above 4,100 USD at the end of the week, from the 3,500 USD support area. The cryptocurrency started the ...
SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs

The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is

Japanese Crypto Exchange to Relaunch as Part of Huobi After Buyout
A regulated Japanese cryptocurrency exchange is shutting down to relaunch as part of the Huobi family. The new exchange will support six ...
Crypto Week In Review: Bitcoin ETF Talk Mounts, Nasdaq To Launch “Crypto 2.0” Futures
The crypto market at large sustained its turbulent price action this week, with Bitcoin (BTC) jolting up and down between key levels of resistance and ...
Bitcoin Whale Alert: 7848 BTC transferred to Bitfinex
Bitcoin is on a major downfall since November this year with the price of bitcoin falling down from a high of around $6500 to a low of around $3500.
Singapore Central Bank Publishes Updated ICO Guidelines

The Monetary Authority of Singapore (MAS) has updated its guide for businesses that want to raise capital via initial coin offerings (ICOs). The modified draft follows up to the announcement of introducing a “New Payments Framework” made in the original draft. It elaborates the Singapore central bank’s stance on how certain intermediaries should observe its instructions

Monero [XMR]'s lead developer speaks about Bitcoin [BTC] as a real alternative to fiat currency
Riccardo Spagni aka fluffypony, a core developer of Monero spoke about Bitcoin's bear market recovery and its volatility, during an interview with Tech ...
Tom Lee: Bitcoin, XRP, Ethereum Have Staying Power — BTC To Do “Very Well” In 2019
Diehard Bitcoin bull Tom Lee, the head of research at New York-based Fundstrat Global Advisors, recently sat down with CoinTelegraph to provide his ...
Former Ernst & Young Analyst Disillusioned by the Blockchain

A recent article in Barron’s describes Angus Champion de Crespigny, who spent ten years at professional services firm Ernst and Young and led the blockchain financial services division for years and was the subject of the article entitled “This Blockchain Believer Turned Heretic Is Still Bullish On Bitcoin,” as a “major skeptic.” Champion de Crespigny describes

Crypto Bull: Bitcoin (BTC) Under $4000 Driven By Emotional Overreaction
Ronnie Moas, an impassioned, outspoken Bitcoin (BTC) bull, recently sat down with CoinTelegraph in an exclusive interview. Speaking on crypto's ...
Opinion: Why Bitcoin Will Be Just Fine
Several key events will take place on the digital money market next year that can seriously affect the situation in the crypto and Bitcoin community.
Bitcoin Dips Below $4200 as Crypto Markets Run Into Familiar Resistance
Bitcoin and the broader cryptocurrency market ran into familiar resistance on Sunday, as the bulls failed to inspire new highs during the much lighter ...
Bitcoin Cash Infrastructure Dev: 'Something Very Wrong With Bitcoin Cash ABC
An explosive Medium.com article by pseudonymous developer _unwriter, who primarily works on two Bitcoin Cash infrastructure projects call BitDB ...
This Week in Crypto: Ohio Embraces Bitcoin, Judge Hassles SEC, and DJ Khaled Fined for ICO Promotion

The last week of November was all about taxes, regulation, and SEC enforcement for Bitcoin and the wider crypto ecosystem. Major Headlines Sirin Labs Launches the FINNEY: The world’s first blockchain phone on the market, the FINNEY, launched at an event in Barcelona on Thursday. CCN’s Josiah Wilmoth was on the scene. The phone, its

Bitcoin (BTC) May Not Recover Fully Anytime Soon According To Industry Analyst
The first largest cryptocurrency per market capitalization, Bitcoin, has had it rough since it reached its peak at $19,500. After the 2017 December to ...
Crypto-Powered Football League Adds NFL Stars Marshawn Lynch and Richard Sherman

NFL stars Marshawn Lynch and Richard Sherman have joined the Fan-Controlled Football League (FCFL) — a crypto-powered football league — as team owners. Lynch and Sherman will also serve as fan captains for their respective franchises when the FCFL’s inaugural season kicks off in June 2019, the company told CCN. Lynch is currently a running back

G20 Leaders Declare Commitment to Regulate Crypto Assets
While some countries have taken the lead to regulate various aspects of using cryptocurrencies, many have left the matter completely up in the air.
Bitcoin (BTC): Significance Of The Two Production Costs And Key Levels
However, those who have been following the entire bear market for long would know that the price of Bitcoin (BTC) settled around some levels more ...
ASIC Miners Dumped In China After Bitcoin's Price Crash
Chinese cryptocurrency miners are dumping their ASIC miners on the street after the market crash we experienced the last weeks. With Bitcoin's ...
Bitcoin Price Falls 5.5% to $4030: Lack of Momentum Leads to Crypto Pullback
Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume.
Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed
The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at ...
Federal Reserve Says 2018 Bear Market Was Caused By CME's Bitcoin Futures Offering
For those who may not remember, Bitcoin Futures were first launched by the CME on 17 December 2017, the very same day when Bitcoin scaled up to ...
Bobby Lee Says Bitcoin and Crypto Revolution Is Unstoppable, Plus Ripple and XRP, Tron, Stellar ...
From the impact of Bitcoin and crypto on the G20 to a CoinMarketCap controversy over XRP, here's a look at some of the stories breaking in the world ...
Bitcoin [BTC] should be dumped; it is time to see the light, says Nouriel Roubini after Satoshi's ...
However, people have gone all out predicting the meaning behind this post by the creator of Bitcoin. While people are suggesting Urdu and Hebrew ...
Bloodbath: November Rout Leaves Crypto Prices Drowning in Sea of Red

It was not just the trees that shed their red leaves this November. The autumn was doing its job in the cryptocurrency market, too. The industry lost close to $70 billion worth of market capitalization this month, according to CoinMarketCap.com. Bitcoin, the world’s largest cryptocurrency, established an aggregated low at $3,606 after dropping from its

Huawei Cloud Announces Global Launch of its Blockchain Services

Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release. The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website. The service allows global entrepreneurs

Every Day Bitcoin Doesn't Die, It's Closer to Becoming Digital Gold: Ex-JPMorgan Exec.
Finance, Alex Gurevich, a professor of Mathematics and an ex-JPMorgan executive, believes Bitcoin is edging closer to becoming digital gold “with ...
Pockebit — Japanese Startup Presented a Prototype of a Contactless Hardware Wallet

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 Dec.2: A Fragile Point Of Decision
Over the past few days since creating a new annual low, Bitcoin is moving in an ascending channel (looking at the hourly chart). As of now, Bitcoin is ...
Japan’s Financial Regulator to Issue ICO Guidelines: Report

Citing “informed sources,” Japanese press outlet JIJI Press reports that the Japanese Financial Services Agency is soon to regulate Initial Coin Offerings. The regulation will involve investment limits “for better protecting them.” Similar to how securities tokens are required to register with the American SEC in the United States, companies which intend to issue virtual

'Bitcoin is BOOMING': BTC blockchain fundamentals 'STRENGTHENING' claims expert
November will be a month to remember for bitcoin investors. The flagship cryptocurrency's price plummeted, struggling to break above $4,000 ...
Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday. 2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018 Wright didn’t elaborate on the how

Could this game take Bitcoin to the masses?
A fast-paced simulation game aimed at educating people about Bitcoin is about to hit the market. You can buy it with Bitcoin – and if you're good ...
Bitcoin Price Weekly Analysis: BTC/USD Remains In Downtrend Below $4500
Bitcoin price is slowly recovering above $4,000 against the US Dollar. However, BTC/USD remains in a downtrend as long as it is below the $4,500 ...
Bitcoin History Part 2: The Bitcoin Symbol
In the second installment of our series on key moments from Bitcoin's history, we look at the circumstances that led to the selection of the distinctive ...
Insights Into Bitcoin Futures Contracts: Part 2
This article is the second piece dedicated to explaining bitcoin futures and how they impact the underlying price of BTC.
On the Precipice: Is Bitcoin a Bubble and When Will it Burst?
For average people, Bitcoin represents a new currency that is based on a decentralized blockchain-powered design. The entire concept bases its ...
After worst November in 7 years Bitcoin appears in recovery mode
After dropping well over $2,000 during the month of November, today Bitcoin (BTC) is recovering somewhat but it remains to be seen whether this just ...
An estimated 77.6% of global bitcoin mining comes from renewable energy
The vast majority of bitcoin mining is probably conducted using renewable energy sources, CoinShares have calculated in a scathing rebuke to critics ...
Crypto Custody? State Street Is Waiting on a Client Shift, Exec Says
State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.
Morgan Creek CEO: 20x Bitcoin (BTC) Bull Run Possible Over Next Decade
Early last week, CNBC's “Fast Money,” somewhat infamous for its coverage of markets, continued its incessant coverage of Bitcoin (BTC), calling upon ...
Bitcoin [BTC] used for charity effort in Venezuela: 500 children benefit from open and sound money
A user known as Crypto For Venuzuela recently posted a video detailing charity efforts made in the country with the help of Bitcoin [BTC].
Bitcoin Cash Price Weekly Analysis: BCH/USD Could Decline Below $160
Bitcoin cash price is in a downtrend below $200 against the US Dollar. BCH/USD could gain strength once sellers gain pace below $160.
Bitcoin (BTC) Long-term Price Analysis – December 2
Bitcoin's current range could mean the bears will eventually be able to gather momentum to push southward. The cryptocurrency's price correction ...
Bitcoin [BTC] used to help underprivileged children in Venezuela
Recently, a video has been shared on social media showing the charity efforts that have been made in the country with the help of Bitcoin [BTC].
Bitcoin Price Analysis: BTC going back to $3600 support?
Bitcoin price recovered a bit to move above the $4000 range but the bear trend is still not over as a major bear trend line is set around $4300 ...
Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether

Several months ago, crypto exchange Gemini made waves when it announced that, with permission from the New York Department of Financial Services (NYDFS), it had created a USD-pegged cryptocurrency “stablecoin” that would provider traders and institutions with a “regulated” alternative to tether (USDT), which was frequently the subject of controversy despite having a multi-billion dollar

Digital Currency Risks Being Monitored: Nigeria’s Depositor Funds Insurer

Nigeria’s depositor protection body has said that the country is monitoring the risks associated with digital currencies. According to a deputy director at the Nigeria Deposit Insurance Corporation (NDIC), Kabir Katata, this is ongoing process is being done with a view of resolving concerns that may arise with regards to protecting the general public. “We

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