6 December 2018

On This Day

Bitcoin price

Closing price: $3466.15 Powered by Coindesk


Lawsuit Accuses Crypto Heavyweights Bitmain & Roger Ver of Hijacking Bitcoin Cash

A company by the name of UnitedCorp is taking a number of Bitcoin Cash actors to court today, filing documents that very clearly outline what they believe to have been a conspiracy which worked out to their detriment. UnitedCorp is short for United America Corporation, a Florida firm which works in experimental blockchain technologies including

Bitcoin Price Analysis: BTC/USD Lose $202 to $3800 as Sellers Flow Back
To that end they hope to launch their version of Bitcoin Futures in the first half of 2019 subject to the US CFTC Approval. Of course, this is the kind of ...
Andreas Antonopoulos Maps Out Crypto Survival and Why Bitcoin Will Avoid a ‘Death Spiral’

Bitcoin won’t go to zero, according to Andreas Antonopoulos, a cryptocurrency advocate, teaching fellow at the University of Nicosia and former chief security officer at Blockchain.info. Instead, Bitcoin’s self-preservation mechanism adapts to its environment in order to incentivize the mining community. If mining a coin becomes too costly and difficult, it adjusts. If it becomes too easy, it […]

Coinbase is Attempting to Trademark Crypto Rallying Cry ‘BUIDL’

Crypto giant Coinbase is attempting to register a trademark for “BUIDL,” one of the cryptocurrency industry’s most prominent rallying cries. The term, of course, is a derivative of “hodl,” itself a drunken misspelling of “hold.” (HODL is not, as many mainstream outlets have incorrectly reported, an acronym for “hold on for dear life.”) Whereas “hodl”

Bitcoin Falls To Fresh Yearly Lows After Wild Swings -- Here's Why
Bitcoin has today sunk to its lowest level since the beginning of the year as a cryptocurrency-wide market rout continues to cause pain for holders of ...
Bitcoin Cash Drops 81% in 1 Month: Why is it Plunging So Rapidly?
Initially, in the first week of November, the price of Bitcoin Cash (BCH) had begun to rise as the anticipation towards a hard fork on November 15 ...
Bloomberg: Bitcoin Price “Fading”, $1500 Possible
After MarketWatch got lambasted for publishing a questionable op-ed regarding a Bitcoin mining “death spiral,” the financial media continued their ...
Coinbase Wants to Own ‘BUIDL’ Trademark, Filing Reveals
A filing with the U.S. Patent and Trademark Office reveals that crypto exchange Coinbase wants to own the term "BUIDL."
From $4350 to $117: Is Bitcoin Cash (BCH) Entering Death Spiral?
In comparison to other cryptocurrencies that also established their yearly lows recently, the price plunge in the Bitcoin Cash market is more severe.
Market update: Red dominates Top 100, while Bitcoin SV surges 13%
The color red dominates the Top 100 cryptocurrency list. The biggest loser of the day is Waves with almost 19% loss, while Bitcoin SV takes the win for ...
UnitedCorp files suit against Bitmain, Roger Ver, Kraken and others over alleged manipulation ...
The aftermath of the tumultuous Bitcoin Cash hard fork has hit the courts after Florida-based United American Corp. filed a suit against some of the ...
Binance Launches Multi-Account Feature for Institutional Crypto Traders
Binance is launching sub-accounts, allowing institutional investors to create multiple accounts for different employees.
Bitcoin Price Watch: BTC/USD Bounce From Lows Could Fade Soon
Bitcoin price jumped back after trading towards $3,620 against the US Dollar. However, upsides remain capped near the $3,900 and buyers are likely ...
Bitcoin Cash Price Analysis: BCH/USD Primed To Test $100
Bitcoin cash price registered heavy losses from the $200 swing high against the US Dollar. BCH/USD could continue to move down towards the $100 ...
BANKEX to Launch Security Token Trading Platform as a Key Part of its STO Framework

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

Denmark Has Over 1500 Restaurants That Accept Bitcoin
Strapped for cash with a bad case of the munchies? You're in luck. If you live in Denmark, that is. You can now use your bitcoins again at Hungry.dk to ...
Bitcoin (BTC) Subreddit Surpasses One Million Subscribers
Bitcoin (BTC), Cryptocurrency–While most investors run for cover amidst the falling crypto prices, as the bear market of 2018 extends into the final ...
ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut
In a statement shared Thursday, ConsenSys announced that it is letting go 13 percent of its staff.
Morgan Creek Digital Is Betting $1 Million That Crypto Can Beat the S&P
Morgan Creek Digital wants to echo Warren Buffett's famous bet by wagering $1 million that crypto will outperform the S&P 500 over 10 years.
Chilean Supreme Court Backs Bank’s Closure of Crypto Exchange Account

The Third Chamber of the Chilean Supreme Court has rejected the appeal of cryptocurrency exchange Orionx, which means that the account of the company with state-owned BancoEstado will continue to remain closed, local news outlet reports. Earlier this year, Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado decided to shut down

4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda
Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3's Corda blockchain.
Bitcoin Derivatives That Cost $1 Million Will Soon Be Worthless
Purchased for almost $1 million on LedgerX's trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 ...
Bitcoin (BTC) Tumbles Under $3800, Yet Analyst Expects “More Upside Than Downside”
In the past 24 hours, cryptocurrencies at large have continued to move in a dramatic fashion, with leading assets, such as Bitcoin (BTC) and Ethereum ...
Bitcoin (BTC) Price Analysis: New 2018 Low And Rebound
Bitcoin price declined further and traded to a new 2018 low below $3,700. Later, BTC/USD bounced back, but upsides could be capped near the ...
Bitcoin Still on Defensive But Price Rally Possible Over $3.9K
Bitcoin remains on the defensive despite recovery from nine-day lows today, but bearish pressure may weaken if prices rise above key resistance near $3,900.
Bets On Bitcoin Price Decline Hit 6-Week High
The pessimistic sentiment around bitcoin prices saw the number of shorts hit a six-week high on Thursday.
'Bitcoin' Scam Ads Continue To Plague Facebook Despite Policy Overhaul
Bitcoin scam ads, luring Facebook users with promises of riches using binary trading platforms, continue to plague the social network, which is still ...
Bitcoin Market Nightmares: Whales and HODLers to Blame
Bitcoin has lost over 75 percent of its value within the past year, and many less popular cryptocurrencies are currently on the verge of going completely ...
US Government Offering Up to $800K for Anti-Forgery Blockchain Solutions
The U.S. Department of Homeland Security is seeking to fund anti-counterfeiting solutions from blockchain startups with grants of up to $800,000.
Bitcoin Cash [BCH] crumbles in double digits as Bitcoin SV [BSV] becomes the biggest winner
The ongoing bear market has not taken mercy on the cryptocurrency market with several coins such as Bitcoin [BTC], Ethereum [ETH] and Bitcoin ...
Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total
Reported suspicious crypto transactions soared in the first 10 months of 2018, but fiat is still vastly more popular in money laundering.
Tim Draper Doubles Down On $250000 Bitcoin (BTC) Prediction, Cites Global Adoption
Tim Draper, a legendary venture capitalist based in Silicon Valley, has long been a believer in Bitcoin (BTC), reportedly buying boatloads of the asset ...
Report: Crypto Market To Consist Of 66% Bitcoin in 2019
Bitcoin has long been at the forefront of the crypto market, dominating this 10-year old industry with an iron fist and no holds barred. While it ...
Where Will Bitcoin Price Go as It Nears November Lows?
The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors.
Judge Forces Bitcoin Basher Jordan Belfort to Pay More Restitution to Victims He Scammed

Jordan Belfort, best known as the “Wolf of Wall Street” portrayed by Leonardo DiCaprio, has only paid $12.5 million of the $110 million he was originally ordered to repay victims of his penny stock pumping scheme. Although he served out his years-long prison sentence, he will not have fully repaid his debt to society until

Bitcoin Cash Price Analysis: Path to Bitcoin Cash ABC—SV Parity?
Roger Ver is an ardent fan of cryptocurrencies and his hate for centralized entities is what keeps him going and advocating for Bitcoin Cash whom he ...
Bitcoin Price Analysis: BTC/USD why are buyers so afraid to commit?
Bitcoin price on Thursday gave back its early advances, now to be trading down into afternoon trading. Bears continue to sell any short-term rallies that ...
Bitcoin, Metcalfe, And Lindy
Metcalfe's Law has also been applied to Bitcoin, but I suggest that some changes are required due to Bitcoin's unique nature. The Lindy Effect ...
Canadian Crypto Exchange Coinsquare Acquires Stellar Wallet BlockEQ

Coinsquare, the crypto exchange that has been nicknamed the “Coinbase of Canada,” has acquired Stellar wallet BlockEQ as it seeks to expand its offerings beyond cryptocurrency trading. The Toronto-based Coinsquare announced the deal on Thursday, revealing that it had paid $12 million CAD (~$9 million USD) to acquire BlockEQ, a non-custodial wallet that allows crypto

Swiss Post, Swisscom Developing New Blockchain Platform on Hyperledger
Swiss Post and Swisscom have teamed up to build an infrastructure for blockchain applications on Hyperledger Fabric.
Why bitcoin is virtually worthless: Finance professor
The world's largest cryptocurrency is beginning to wind down and is close to becoming worthless, according to a Santa Clara University finance ...
Defiant bitcoin hits 11-week high as rest of crypto space slumps
Bitcoin's outperformance has seen its market share of all cryptocurrencies rise to 54.7%, the highest level since Sept. 20, according to data from ...
Volatile Much? Here Are the Top 4 Reasons Crypto Went Wild in November

Until the start of November, crypto volatility was trending down. Then, several major events happened and the whole cryptosphere went off the charts. But why? According to the Crypto Volatility report released today by SFOX, cryptoassets showed more volatility than the S&P 500 and gold during November, and there are four key factors that contributed

BitGo Brings Banker Out of Retirement to Lead Institutional Crypto Custody
Ex-Banker Dick Corcoran will oversee billions of dollars in value as CEO of the recently formed BitGo Trust Company.
Don’t Hold Your Breath for Bitcoin ETF, Says Pro-Crypto SEC Commissioner

Hester Peirce of the US Securities and Exchange Commission (SEC) is dampening expectations about an imminent approval of a Bitcoin ETF. Appearing at the Digital Asset Investment Forum in Washington, D.C., Commissioner Peirce told the audience, “Don’t hold your breath,” on the SEC, which has to-date rejected and delayed several Bitcoin ETF proposals. “Don’t hold […]

Bitcoin Cash Risks 'Flippening' as BSV Price Gains on BCH
Given the early post-hard fork performance, the race between Bitcoin Cash ABC and Bitcoin Cash SV has taken an interesting turn as of late, with the ...
Norweigan fjords and glacier meltwater could hold the key to bitcoin mining
It costs more than £2,000 to mine a single bitcoin, which means cheap energy is vital. Anthony Cuthbertson visits an underground operation in Norway ...
Reported Crypto Laundering Cases in Japan Reach 6,000, Eight Times Higher Than 2017

The National Police Agency (NPA) of Japan has estimated that there were around 6,000 cases of suspected money laundering relating to crypto in the nation in the first three quarters of 2018. This figure is more than eight times that of the final nine months of the previous year. Japan’s Crypto Exchange Required to Report...

Bitcoin Falls to Lowest Weekly Level, ETH Drops Below $100
Following a period of general weakness in the cryptocurrency markets over the past several days, Bitcoin has fallen down to its previously established ...
Facebook Will Build ‘Most-Used Product in Crypto’: Morgan Creek

Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated

Global Bitcoin ATM Growth Continues – Now More than 4000
Recent statistics by Coinatmradar reveal that Bitcoin ATMs globally have crossed the much touted 4,000 threshold.
Two Governments Charge Ahead with Bitcoin Payments
(TNS) — Ohio last week became the first state where businesses can pay their taxes in bitcoin. Seminole County, Fla., began accepting bitcoin for ...
Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3800
5: All but one the top 20 cryptocurrencies registered losses in the last 24 hours, Bitcoin (BTC) lost most of its recent gains, sinking below $3,800.
Bitcoin is 43% More Profitable to Mine Than Craig Wright's 'Miner-Friendly' BCH Fork
When Craig Wright formed an alliance with CoinGeek founder Calvin Ayre to launch a hostile takeover of the Bitcoin Cash (BCH) network, the two men ...
Filmio Announces Tokenized Entertainment Ecosystem, Leveraging Blockchain to Take Filmmaking into the Future

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

(+) Cryptocurrency Market Comes Within $4 Billion of New Yearly Low
Bitcoin Fund Bets $1M That Crypto Will Outperform S&P 500
Morgan Creek Capital, a juggernaut in investment management, recently saw its crypto-centric subsidiary make an extremely bullish bet on Bitcoin ...
Bitcoin Approaches Lowest Level in More Than One Year
Bitcoin Approaches Lowest Level in More Than One Year. By ... Bitcoin's slump accelerated, with the largest cryptocurrency approaching another fresh ...
Crypto Market Loses $6 Billion in Big Downtrend, is $3000 Bitcoin Unavoidable?
Within a 48-hour span, since December 5, the Bitcoin price has dropped from $3,913 to $3,678, by just about six percent. Other major cryptocurrencies ...
Bitcoin [BTC] is used by a lot of people to conduct anonymous transactions, says former Chinese ...
Speaking to CNBC, Xiaochuan stated that cryptocurrencies have been used a lot in today's scenario with Bitcoin acting as a huge propagator of the ...
SEC Delays Decision on Bitcoin ETF, Sets Deadline for Late February
The United States Securities and Exchange Commission (SEC) has again postponed its decision on the first ever Bitcoin (BTC) Exchange-Traded ...
SEC Commissioner Warns Investors Against Putting Too Much Hope into Bitcoin ETF
It is important to note that a majority ruling is required in order for ETFs to pass, which may jeopardize the Bitcoin ETF's chances of approval.
Bitcoin Lightning Network Capacity Quadruples Since November
It feels like Lightning Network (LN), bitcoin's energetic, frugal young apprentice, is in the news every other week. Certainly, LN is regularly breaking ...
Why Crypo Matters: $15M Raised for Bus Crash Victims — $480k Fee Charged

On November 28, a judge in Canada approved the distribution of $15.1 million to the families affected by the tragic bus crash occurred in Tisdale, Canada. But, around 2.9 percent of the payment was used to cover transaction fees, demonstrating the merit of transactions using crypto. PayPal and other widely utilized payment processors require 2.9

Crypto Market Crash Leaving Bankrupt Startups in its Wake
The provider of hosting services for people wishing to mine cryptocurrencies couldn't cover costs when Bitcoin's price nosedived. “Sooner or later, this ...
Crypto Giant Bitmain Open Sources KYC Software Tool ‘Coconut’

Bitmain, the world’s largest crypto mining firm, has opened the code for its privacy-centric know-your-customer protocol (KYC), called Coconut. Coconut uses Intel’s Enhanced Privacy ID for authentication and separates the management of identifying information and information needed to conduct business. Coconut is a response to industry fears that KYC demands might potentially compromise user identification,

Bitbuy Completes Acquisition of Blockchain Markets Inc., Announces Bitbuy Pro

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

Why bitcoin may become virtually worthless: Finance professor
Bitcoin soared above $19,000 at its peak a year ago, only to fall sharply. It's currently hovering around $3,600 level, according to Coindesk.
Bitwise Launches Bitcoin, Ethereum Beta Funds to 'Capitalize' on Market Downturn
Digital asset manager Bitwise has launched two new beta funds for Bitcoin (BTC) and Ethereum (ETH), according to a press release Dec. 5.
An Asset Manager Is Making A Big Bet On Bitcoin
Bitcoin has had a terrible year, falling more than 80% and dragging down the entire cryptocurrency market by over $700 billion, but that's not stopping ...
Quoine CEO Predicts New Bitcoin All-Time High by the End of 2019
In the interview, Kayamori said many people thought $4,000 was the technical bottom for Bitcoin, but that level failed to hold as support recently.
SEC Again Delays Decision on VanEck-SolidX Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) extended a rule change proposal allowing the nation's first bitcoin exchange-traded fund (ETF), ...
Pro-Crypto SEC Commissioner: Don't Wait on Bitcoin ETF, Could Take Days or Years
Since early 2018, the approval of a Bitcoin exchange-traded fund (ETF) has become the catalyst of the next bull run of crypto to the mind of many ...
Bitcoin [BTC/USD] Technical Analysis: Bear attack prolongs as prices continue to dip
Bitcoin [BTC]'s fluctuations below the $4,000 margin have been the talk of the town for quite some time now, with the world's largest cryptocurrency ...
Bitcoin Scams: Singaporeans Losing Thousands of Dollars to Crypto Fraudsters
The Straits Times reports that Singapore residents have fallen victim to some online Bitcoin scams in a couple of months, losing up to $78,000 ...
Bitcoin [BTC] death spiral: chances of nobody doing anything to fix it is near zero, says Antonopoulos
Andreas Antonopoulos, the author of Mastering Bitcoin and the a well-known Bitcoin proponent, spoke about whether Bitcoin would enter a death ...
Bitcoin appears headed for record loss this year
Unless there is a drastic change in direction with a significant rally later this month, Bitcoin is headed for the biggest yearly loss on record even though ...

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