3 December 2018

On This Day

Bitcoin price

Closing price: $3855.6833 Powered by Coindesk

Headlines

Opinion: Bitcoin is close to becoming worthless
With the price of bitcoin BTCUSD, -4.16% having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is ...
US Mining CEO: Bitcoin Miners Are Being Flushed Out of the Market
The CEO of one of the largest cryptocurrency mining firms in North America says miners are being flushed out of the market after Bitcoin's latest price ...
Thai Government Trials Blockchain in Fight Against Tax Fraud
The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.
Paxful’s ‘Built with Bitcoin’ Campaign Completes Second School in Rwanda

Paxful, a peer-to-peer crypto exchange, has completed its second school in Rwanda using entirely Bitcoin donations through the #BuiltWithBitcoin campaign. The new school is a primary school for students up to age 14, with Paxful intending to provide students with smartphones and tablets, and the curriculum to be a return to the basic liberal arts

Bitcoin Price Erases Weekend Gains to Confirm Bearish Long-Term Trend

The bitcoin price kicked off the week on a negative note after correcting 2 percent to the downside. The BTC/USD rate found itself unable to breach above the neckline level discussed in our previous analysis. The falling trendlines look stronger than ever in other patterns as well. The symmetrical triangle formation, for instance, on the

Last Chance to Meet Blueshare’s Security Token Team In 2018

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 Daily: November A 7-Year Low For Bitcoin; Intel Patent Eyes Energy-Efficient Crypto Mining
Bitcoin just had its worst month in seven years, dropping nearly $2,400 in price. According to Coindesk, the crypto started November at an average ...
Bitcoin Falls Below $4000 Yet Again, What are the Factors?
In spite of a number of positive industry developments, namely the announcement of a Nasdaq and VanEck-backed “crypto 2.0” futures plan, Bitcoin ...
Bitcoin's Network Just Experienced Its Second Largest Downward Adjustment
As the market continues to tumble (and mining profits have dwindled), Bitcoin's mining difficulty dropped by its largest percentile in seven years — the ...
Ping An’s New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients
Ping An, the Chinese insurance giant that built the eTradeConnect blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships.
Bitcoin – A Positive Week Wiped Out as the Bitcoin Bears Fight Back
Bitcoin slipped by 1.61% on Sunday, partially reversing Saturday's 5.02% rally, to end the day at $4,173. In spite of the end of week loss, Bitcoin ...
G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting
G20 leaders declared that they would regulate crypto to mitigate financial crimes in a statement after this weekend's summit.
Bitcoin Hits New All-Time-Low
A year ago, bitcoin was on the rise to its peak at $20,000, and in December of 2017 it was up 40 percent, when a large number of retail investors were ...
Bitcoin Drops Below $4,000, Approaches 2018 Lows

Following a weekend of choppy trading action, the cryptocurrency markets have established a fresh leg down, erasing most of their gains incurred through the recent relief rally that sent the markets up 10% or more from their recently established 2018 lows. At the time of writing, Bitcoin is trading down 7% at its current price of...

Bitconnect Pumper Trevon James Claims the Bitcoin Price is Going to Zero
Crypto social media personality Trevon James, who was intimately involved in the promotion of the HYIP scheme BitConnect, which eventually led to ...
Elon Musk Crypto Giveaway Scams Grow More Sophisticated

Elon Musk is not giving away any crypto, so you know. It’s not a thing that happens, no matter what you’ve heard. Which is what scams like this rely on: word of mouth. Hey, did you hear you can get free Bitcoin and Ether from Elon Musk? I saw it on his Twitter page. The

Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog
The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are "illegal" in the city.
Bitcoin is a Ponzi Scheme, Says Former Israel Prime Minister Ehud Barak

Former Israeli Prime Minister Ehud Barak praised blockchain as an important technology but thinks bitcoin is a Ponzi scheme that should be avoided. Barak — who was prime minister from 1999 to 2001 — made the remarks at the Globes Most Promising Startups event in Tel Aviv, Israel. Barak recently invested in, and became chairman of, the medical cannabis

Funds Network Calastone to Roll Out Blockchain Settlements in 2019
Calastone, the U.K.-based operator of a transactions network for investment funds, is moving settlement to a blockchain by May 2019
Top Coins Are Shaky, But Bitcoin Still Holds $4000 Mark
According to data by CoinMarketCap, Bitcoin is in the red, steadily descending below the $4,100 mark, down almost 4 percent on the day to press time ...
Bitcoin Value Indicator Report: December 1, 2018
If this is your first time reading a Bitcoin Value Indicator report, you may want to get caught up with the initial post which explains the reasoning and ...
Bitcoin News Summary – December 3, 2018
Crypto markets hit a fresh low for the year early this week, with Bitcoin falling as low as $3,600. It was reported that Google search interest for Bitcoin is ...
November Crypto Review: One Third of Cryptocurrency Market Wiped Out

Biggest losers in crypto for the month; Ethereum, Bitcoin Cash, EOS, Cardano, only XRP and NEM lost less than 20%. November has without a doubt been the worst month of the year for crypto markets. It marks the ninth month this year that markets have fallen and the sharpest single month decline for around four...

Reddit celebrates as r/bitcoin hits 1 million subscribers
As Bitcoin continues to gain recognition across the globe, the numbers continue to climb, and while the price of BTC might still be dropping, the online ...
Bitcoin for Christmas? A lifechanging gift says Anthony Pompliano
Founder of Morgan Creek Digital, Anthony Pompliano, thinks that it's a wonderful idea to surprise the younger members of the family with some Bitcoin ...
Ethereum Giant ConsenSys Tightens Belt, Will Axe Underperforming Projects

Ethereum development studio ConsenSys, the New York-based blockchain startup, is restructuring as part of a move to streamline its business amid the crypto bear market. ConsenSys CEO Joseph Lubin, the co-founder of Ethereum, made the announcement in a company letter. “We must retain, and in some cases regain, the lean and gritty startup mindset that made

Barry Silbert: Bitcoin Cash Hard Fork Was An Industry “Disservice”
Since the Bitcoin industry entered late-October, there has been an auspicious rise in search queries for the cryptocurrency, in spite of the downtrend ...
Monumental: Federal Court Rules Case in Favor of Crypto ICO Against SEC

Last week, the U.S. federal court ruled a case between the U.S. Securities and Exchange Commission (SEC) and a crypto initial coin offering (ICO) project called Blockvest in favor of the ICO project. Marco Santori, the president and chief legal officer at Blockchain, said: “The SEC brought an enforcement action against a company called Blockvest,

Bitcoin Faces Second Largest Difficulty Drop in History After Latest Adjustment
Bitcoin's (BTC) mining difficulty saw its second largest drop in history, with a -15 percent adjustment on Monday, Dec. 3, as per data provided by major ...
Bitcoin [BTC/USD] Technical Analysis: Bulls to take over in the larger time frame
Bitcoin [BTC] has been ranging above and below the $4,000 line for a few weeks now, after breaking a major support line at $6,500. The current ...
Bitcoin Mining Difficulty Just Saw its Second-Largest Drop in History

The crypto market’s prolonged decline has finally begun to manifest in the bitcoin mining industry, which had at times seemed impervious to falling prices but is now experiencing a moderate exodus. Bitcoin Hash Rate Begins Rare Decline At a basic level, miners produce Bitcoin blocks by competing to solve complex mathematical problems. When the hash

EOSBet Becomes First Licensed On-Chain Blockchain Casino

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 Could Snap Three-Year Winning Streak in December
Bitcoin may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days.
GM Patent Touts Blockchain As Data Solution for Self-Driving Cars
Blockchain can be used to store and share data collected by autonomous vehicles, according to a patent application by GM.
Bitcoin Price Watch: BTC/USD Remains Sell Near $4200
Bitcoin price failed to climb higher above $4,400 and declined against the US Dollar. BTC/USD remains sell on rallies near the $4,120 and $4,200 ...
Bitcoin [BTC] hits adoption milestone; 1 million subscribers accomplished
On 3rd December, the official subreddit of the Bitcoin community, r/Bitcoin, reached a million subscribers, demanding attention as it passed a major ...
Bitcoin Cash Price Analysis: BCH/USD Under Pressure Below $180
Bitcoin cash price struggled to hold gains above $180 against the US Dollar. BCH/USD is under pressure and it looks set to clear the $160 and $150 ...
Button Wallet Releases LightySig for Easy DApp Development

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

Ohio Accelerators to Pump Over $100 Million into Blockchain Startups
Two startup accelerators in the U.S. state of Ohio are reportedly to invest more than $100 million into blockchain firms, and more may follow.
BitMart Lists Paxos Standard (PAX), Rebuilding the Trust in Blockchain World

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

Investor Insight: Is Bitcoin (BTC) Obituary Being Carved
The gruesome decline in the cryptocurrency market have seen enthusiasts question the life expectancy of Bitcoin and other digital assets. The market ...
Galaxy Digital CEO: After Crypto Winter, Regulation and Big Adoption Will Turn Bitcoin Around

Mike Novogratz, CEO of Galaxy Digital, is still positive about cryptocurrencies despite the tumbling price of Bitcoin and other digital currencies. Despite his optimism about the long-term strength of Bitcoin and the cryptocurrency market at large, Novogratz says the toll of the market downturn on him and his company is significant. “It’s been a horrible […]

New, exciting Bitcoin SV projects announced during CoinGeek Week
Gravity is going to offer an array of products—banking accounts, loans, debit cards, over-the-counter trading and more—and will use Bitcoin SV as the ...
Intel granted Bitcoin mining system patent, just as people are abandoning Bitcoin mining
The technology giant had submitted a patent entitled “Optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining” way back in ...
Crypto Winter Is Here and We Only Have Ourselves to Blame
Last year's mania perpetuated a narrative that making speculative gains was bitcoin’s core value proposition, writes Michael J. Casey.
Crypto bears are back: Bitcoin and major altcoins back in red
Bitcoin, the largest and the most popular cryptocurrency, has lost over 5% in recent 24 hours to trade at $3,945 by the time of writing. The coin is down ...
Bitfury Partners With Payment Platform to Offer Lightning Fast Transactions for Bitcoin

Bitfury has announced a partnership with blockchain-based payment processing system Paytomat, giving it access to Lightning Network (LN) payments. Paytomat users will now be able process Bitcoin transactions almost instantly using the Lightning Network, which is built on top of the Bitcoin blockchain, while still reaping the benefits of the blockchain’s security features. ?The platform […]

Empowered by the Bancor Protocol, Will TronBlock Be A Killer dApp on TRON

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: Satoshi Nakamoto is “Alive”, BTC/USD Prices Steady
Still, Bitcoin prices are flip flopping and all over the place. After days of higher highs which culminated with Bitcoin closing higher and unexpectedly ...
Bitcoin (BTC) Daily Price Forecast – December 3
On November 27, the price of Bitcoin fell to its low at $3,772.94 but price pullback above the 12-day EMA and the 26-day EMA. On November 30, the ...
SEC Chairman Says Crypto, Bitcoin and Blockchain Should 'Fit Into Our Rules' Not Change Them
“If you search the hearing transcript and all of the questions, you won't find blockchain, distributed ledger technology, Bitcoin, Ethereum – not a single ...
G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?

The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector. A declaration released by the forum read: “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other

Best 8 Blockchain and Bitcoin Trend Predictions for 2019 Cryptocurrency Ecosystem
Blockchain is related to terms such as ICOs, Bitcoin, and cryptocurrency in general. The technology is poised to change various industries, the banking ...
Bitcoin Social Media Celebrates Reddit Sub r/Bitcoin 1M Subscribers
The Bitcoin forum of social media platform Reddit is celebrating a milestone of its own December 2 after gaining its one-millionth subscriber.
Bitcoin closer to becoming digital gold every day it doesn't die
The professor in question, Alex Gurevich, is a professor of Mathematics and used to run JPMorgan's Global Macro division. He has now published an ...
Morgan Creek CEO Says Bitcoin Will Surge 20X, Plus Ripple and XRP, Ethereum, Tron, Litecoin ...
From the adoption of Ripple and XRP to Bitcoin's potential growth in the next 10 years, here's a look at some of the stories breaking in the world of ...
Do Expiring BTC Futures Contracts Have Any Effect on Bitcoin Prices?
This was based off the knowledge that the CME Groups Bitcoin Futures Contracts were due for expiry, and created a buzz expecting a spike in value.
No Coins for You! Beijing Says Security Token Offerings are Illegal

Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a wealth management forum on Saturday, he commented on the replacement of ICOs with the new concept of STOs, saying they

Bitcoin faced with red; focus on building for a bullish tomorrow
After the plummet midway through November, Bitcoin saw a low of $3587 USD on the 25th of November. At present, the token is taking a little ...
Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price ...
However, the notional volume of Bitcoin traded this year has already touched the $2.2 trillion mark, according to Satoshi Capital Research. The growth ...
Bitcoin Price Falls to $3900 After Poor Weekend, Crypto Market Loses $12 Billion
The cryptocurrency market has lost more than $12 billion from its valuation in the past 24 hours, as the Bitcoin price fell under the $4,000 mark.
US Government Interested in Tracking Privacy Coins, New Document Shows
A pre-solicitation published by the U.S. Department of Homeland Security asks about conducting forensic analysis on privacy coins like zcash and monero.
Newsflash: Bitcoin Price Drops to $3,801 as Breakout Attempt Fails

The bitcoin price dropped as far as $3,801 on Monday after an attempted breakout failed to thrust the flagship cryptocurrency back across the $4,500 level. CCN technical analyst Yashu Gola reported yesterday that BTC/USD was flirting with a breakout but stressed that a price floor would not be confirmed until the index experienced a sustained

Bitcoin Maintains Its Stellar Start in December, Stays Above $4150
After having its worst month in seven years, Bitcoin has kicked off December with resilience and resolve. The currency began the month trading just ...

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