7 December 2018

On This Day

Bitcoin price

Closing price: $3404.4567 Powered by Coindesk


Crypto crash accelerates, Bitcoin routed
Cryptocurrencies continued their epic slide with a fresh bout of losses Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would ...
Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro
Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.
When Bitcoin’s Price Breaks Down, It Follows a Pattern
When trying to predict the future price of bitcoin, it's impossible to do so without first looking at its past.
As bitcoin trading shifts shape, big money stays away
LONDON (Reuters) - Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen ...
Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions
Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private using intermediary addresses.
Market Mayhem: Bitcoin Sinks Below $3.4K, Ethereum Plummets to Double Digits
Market visualization by Coin360. Bitcoin (BTC) has taken a steep hit of over 11 percent on its 24-hour chart, and is trading at $3,400 as of press time.
Bitcoin [BTC/USD] Technical Analysis: Doom-December brings terrible tragedy as BTC breaks ...
Bitcoin [BTC] has collapsed by a massive 12% in less than a day and the prices are currently trading at $3,300 range with market cap losing a ...
Bitcoin Price Eyes Support at $3000 as Crypto Market Sets New Yearly Low
The bitcoin price on Friday plunged 6.5 percent against the US Dollar, breaking below the flagship cryptocurrency's previous yearly low at $3,455.
US Stock Market Experiences Drastic Trend Reversal While Crypto Plunges

Over the past eight hours, the U.S. stock market demonstrated one of the most drastic trend reversals of 2018. Meanwhile, more than $16 billion was wiped out of the crypto market. Throughout the past 48 hours, the U.S. stock market and the Dow Jones seemed to be experiencing a steep decline in value, as the

Bitmain, Roger Ver, Kraken Sued for Alleged Bitcoin Cash Hard Fork Manipulation
(UnitedCorp) has purportedly filed a lawsuit against Bitmain, Bitcoin.com, Roger Ver, and the Kraken Bitcoin Exchange, according to a press release ...
Bitcoin Looks Undervalued Despite Subdued Activity Levels, Uncertain Growth Prospects
Notably, Bitcoin slumped from the level of $6,400 it had largely been around since June to well below $4,000 by the end of November. In fact, the ...
Flash Crash: Bitcoin [BTC] crumbles 11.35% as the speculative fingers point towards SEC's Bitcoin ...
Bitcoin [BTC], the poster child to all cryptocurrencies and the world's largest cryptocurrency, quivers as the prices decline by massive 11.35% in a ...
'Don't Hold Your Breath,' Waiting for Bitcoin ETF Says SEC 'Crypto Mom'
A commissioner of the United States Securities and Exchange Commission (SEC) said 'not to hold your breath' waiting for a Bitcoin exchange-traded ...
Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout
Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout ... While every crypto in the top 20, including the number one currency Bitcoin is experiencing ...
Flippening: Bitcoin Cash Now Worth Less Craig Wright-Backed Bitcoin SV

In a development that it’s fair to say few saw coming, bitcoin sv — the cryptocurrency introduced through last month’s Bitcoin Cash hard fork — is now worth more than the bitcoin cash token itself. CCN reported yesterday that a “flippening” between the two cryptocurrencies appeared to be inbound, as the BSV price steadily gained

Bitcoin (BTC) Moves Under $3500 In Downtrend, Despite Crypto “Tailwinds”
In the past day, bears haven't abated their rampage, continuing to incessantly place straws on the back of the crypto camel. Bitcoin (BTC), for instance, ...
Cryptocurrency Exchange Coinbase Lists Four More Ethereum Tokens

The most popular US cryptocurrency exchange is continuing its promise to support Ethereum-based ERC20 tokens, adding four more of the coins to the Coinbase Pro platform. Starting today, December 7, Coinbase Pro users can transfer their balances of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to the exchange, and full trading will

Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal
Russia’s Sberbank has settled a three-way repurchase agreement using blockchain tech, calling it a "world's first."
SEC pushes long-awaited decision on Bitcoin ETF to February 2019
If you had any hopes that a Bitcoin Exchange Traded Fund (ETF) would be coming in early 2019, to bring Bitcoin BTC to Wall Street, it's time to put ...
Breaking: Crypto Exchange Coinbase ‘Exploring’ Support for Ripple (XRP)

After months of waiting, the hopes and dreams of ripple (XRP) investors may finally be realized — at some point in the near future, anyway. Yes, XRP fans, crypto exchange Coinbase has confirmed that it is exploring adding support for the second-largest cryptocurrency to its platform. The San Francisco-based Coinbase announced the move on Friday

Bitcoin Price Watch: BTC/USD Primed To Test $3000
Bitcoin price declined heavily below $3,550 against the US Dollar. BTC/USD remains in a downtrend and it could even trade towards $3,000 or ...
Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval
The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New ...
Bitcoin slides to 15-month low
Bitcoin slumped to a new year-low on Friday, as US trading overnight pushed the cryptocurrency closer to the $3,000 mark. A sell-off that started at ...
Coinbase Considers Adding 30 New Crypto Assets to Its Exchange
Coinbase has published a long list of crypto assets it could soon add to its exchange, but says there is work still to do.
Bitcoin Falls Below $3300 To Reach Latest Annual Low
Bitcoin prices suffered further bloodshed Thursday night, falling below $3,300 and hitting a fresh, 2o18 low. The digital currency declined to as little as ...
Bitcoin (BTC) Price Analysis: Bears Push for Wedge Break
Bitcoin broke below its falling wedge consolidation pattern to signal that bearish momentum is picking up. However, price seems to be stalling at the ...
Bitcoin Creates Fresh 2018 Lows As BTC Market Cap Slides Below $60 Billion After News of ETF ...
The troubles continue for the Bitcoin market (and the rest of the cryptocurrency market) as BTC/USD plunges further today to reach a fresh yearly low ...
Bitcoin And Ethereum Daily Price Forecast – BTC & ETH Charts New 2018 Lows
Bitcoin recently tumbled below the bottom of its falling wedge pattern on the 1-hour time frame to signal that further losses are in the cards. Price is ...
Bitcoin Leads Cryptos to Lowest Since 2017 as Sell-off Resumes
Cryptocurrencies continued their slide with a fresh bout of losses Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would ...
Why A Bitcoin (BTC) ETF Might Be Approved in February 2019
The only coin in the top 100 doing well is Bitcoin SV (BSV) that is up 19% in the last 24 hours. BSV has also managed to flippen Bitcoin Cash (BCH).
Bitcoin and other cryptocurrencies are plunging again
All the major alt-coins have seen similar falls, with Ethereum, Ripple and Litecoin down more than 10% while Bitcoin Cash has slumped by around ...
Bitcoin Hits New Lows, SEC Delays ETF Ruling
The cryptocurrency sell-off continued this week, with bitcoin briefly falling below $3,300 for the first time in 15 months. Cryptocurrencies once again ...
Bitcoin [BTC] and Ethereum [ETH] will be widely used in upcoming technologies, says Coinbase's ...
In the latest post, the head of the largest cryptocurrency exchange on the planet in terms of users gave out his hypothesis on how Bitcoin [BTC] and ...
Bitcoin price CRASH: BTC PLUMMETS to lowest point in 2018 - sharp losses over 24 hours
Bitcoin had begun to hit a period of relative stability after a turbulent month of trading in November. The asset has now hit its lowest point in 2018.
Binance CEO Expects Bitcoin and Crypto Market to Recover Much Faster Than the Nasdaq

Binance CEO Changpeng Zhao is offering his take on the state of the crypto market. In a new interview with Forbes, Zhao compares the current crypto landscape to the stock market, and says he expects the price of Bitcoin to recover much faster than the Nasdaq did when the dotcom bubble burst. “The crypto industry will […]

Crypto Market Plunges As Bitcoin ETF Postponed
Bitcoin (BTC), which currently constitutes 55% of the market's total value, is currently trading at around $3,400. That's slightly more than half of its once ...
VanEck: We're 'Cautiously Optimistic' on Bitcoin ETF Approval
Gabur Gurbacs, Director of Digital Assets Strategy at VanEck has expressed optimism over the SEC's impending decision on the long-mooted Bitcoin ...
Mining Firm Sues Bitcoin ABC Proponents for 'Hijacking' Bitcoin Cash
A new lawsuit alleges that proponents of Bitcoin Cash ABC – one of two competing iterations of the bitcoin cash cryptocurrency that split off during a ...
Bitcoin plunges 10 percent as December rout continues to drag down cyptocurrencies
As of Asia's Friday morning trade, bitcoin had fallen more than 10 percent against the U.S. dollar in 24 hours, marking another recent pluge for the ...
“Bitcoin SV [BSV] is the original Bitcoin, it scales unboundedly”, says Craig Wright
Dr. Craig Wright, the Chief Scientist at nChain and one of the proponents of the Bitcoin SV [BSV] is basking in the glory of BSV's growth. As per ...
Bitcoin Can't Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So
Since Bitcoin's earliest years, Andreas Antonopoulos, a Greek-British blockchain fanatic, has been a zealous Bitcoin crusader, known for brutally ...
BitMart Announces Partnership with CertiK in Blockchain Security and Smart Contract Auditing

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

Crypto carnage as Bitcoin tumbles 11%
Bitcoin (BTC-USD) fell more than 11% overnight, triggering carnage in the crypto markets, as the SEC once again delayed its decision on a rule ...
CME Bitcoin Futures Are Poisoning Crypto
The Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, the same day the price of Bitcoin peaked near $20,000 and ...
TomoChain, an EVM-Compatible Blockchain, Launched Its Mainnet with at Least 2000 TPS

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

Coinbase CTO: ‘BUIDL’ Trademark Will be Given Back to Crypto Community

CCN previously reported on a move by Coinbase to trademark the crypto rallying cry “BUIDL,” but it turns out there’s nothing to fear. According to Coinbase CTO Balaji Srinivasan, Coinbase has no interest in actually using the trademark in any way that prevents others in the community from using it themselves. They’re doing so for

Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 07/12/18
Bitcoin Cash ABC tumbled by 16.37% on Thursday, following on from a 12.3% slide on Wednesday, to end the day at $106.43. It was another ...
Bitcoin SV and Bitcoin Cash Jockey For Position as Crypto Markets Crumble
Bitcoin has led the drop when it fell through support and hit a 2018 low of $3,400 a few hours ago. This has pulled the rest of the altcoins down with it.
Bitcoin Cash [BCH] returns to the 5th spot after a striking defeat
After a massive downfall which took place yesterday, Bitcoin Cash [BCH] has returned to its original position today. At press time BCH is trading at ...
Bitcoin Drops Below $3.4K to Set a New 2018 Low
Bitcoin, the world’s largest cryptocurrency by market capitalization, has once again hit a fresh 2018 low below $3,350 amid a greater crypto market sell-off.
Bitcoin Cash Price Analysis: BCH/USD Nosedives Below $100, $80 Next?
Bitcoin cash price ABC tumbled below $100 whereas BCHSV climbed above $100 against the US Dollar. BCH/USD is under pressure and it could ...
US Bills Seeks to Protect Cryptocurrency Investors from Market Manipulation

Two US congressmen introduced bipartisan legislation designed to prevent cryptocurrency price manipulation and position the United States as a leader in the crypto industry. Democrat Rep. Darren Soto of Florida and Republican Rep. Ted Budd of North Carolina unveiled the following bills: Virtual Currency Consumer Protection Act. This bill directs the CFTC to explain how

Bitcoin price pain continues as the cryptocurrency plummets to a 15-month low
This week brought more bad news for bitcoin investors. The world's largest cryptocurrency fell as much as 11 percent to a low of $3,293.31 on Friday, ...
Underdog Bitcoin SV Beats Top Coins after Rising 32.5% in 48 Hours
Bitcoin SV on Friday totaled its bullish rally to 32.5 percent while the rest of the crypto market remained red. The highest intraday BSV/USD rate on ...
Bitcoin on the Brink: Will The Crypto Market Go Under $100 Billion?
The Bitcoin price is a long way from the heady days of a year ago when a single coin would buy a modest new car, and Bitcoin by itself now accounts ...
Cryptocurrency Accepted: Venezuela Will Sell Oil for Petro, Maduro Says

The government of Venezuela has announced that it plans to create a basket of cryptocurrencies for the oil-backed state cryptocurrency, the Petro. This initiative will allow the government to sell oil in exchange for petros and bypass US-imposed sanctions at the same time. The sale and purchase of crude oil with cryptocurrency will begin in

Bitcoin review: Price hits new low... GM's self-driving cars to use blockchain
Bitcoin ended its worst-performing month in seven years in terms of month-over-month price decline and started December at $3,964 (h/t CoinDesk).
Swiss National Postal Service and Telecom Leader to Build Blockchain Platform

Swiss Post and Swisscom will take advantage of their trusted reputation in Switzerland to create a blockchain platform for use by themselves and others that will be based on Hyperledger Fabric2. Swiss Post is publicly owned and the country’s second largest employer. It already uses blockchain technology to record temperature data while transporting pharmaceuticals in

Denmark Hungry for Bitcoin? Over 1500 Danish Restaurants Accept BTC For Online Orders
Denmark, named one of the happiest places on earth and known for their award-winning cuisine, is also a Bitcoin-friendly nation when it comes to ...
Bitcoin Is Tumbling Yet Again. Most Other Cryptocurrencies are Following — But Not All
If there's a floor to Bitcoin's terrible 2018 trajectory, it may not have hit it yet. The leading cryptocurrency lost 12% of its value in the last day, falling ...
Bitcoin 2019: Expert says new initiatives plus Ohio's move signal a possible cryptocurrency ...
The future of bitcoin is unknown, but the state of Ohio is ready to dip its toes in the cryptocurrency market. The Buckeye State is now accepting bitcoin ...
Bobby Lee Predicts Bitcoin Bottom at $2500 Before Meteoric Rise to $333333
The co-founder of Hong Kong-based crypto exchange BTCC says that if history repeats itself, Bitcoin will finally find a bottom next month at about ...
Bitcoin [BTC] shorts reach all time high as bear threatens to squeeze the life out of the coin
With the bear market reaching its tightest squeeze yet, Bitcoin [BTC] has seen a drop to its lowest level this year. The downward pressure seems to ...
Bitcoin's epic plunge continues
In December 2017, bitcoin prices hit a record high of just under $20,000. Flash forward to December 2018 and bitcoin is now trading a little below ...
Brazilian Crypto Exchange Mistakenly Sends User $35 Million on $127 Withdrawal

Brazilian crypto exchange Bitcambio has reportedly sent one of its users a whopping RS $137 million – equivalent to about $35 million – after the user attempted to withdraw 500 reals, worth roughly $127. According to local news outlet Portal do Bitcoin, the cryptocurrency exchange started calling the user, Kaique Nunes, about the withdrawal shortly

French Firm Becomes Europe’s First Regulated Crypto Asset Manager Funded by an ICO

France has one of the toughest regulatory environments in Europe and the world generally when it comes to finance and specifically cryptocurrency. The country has in recent times taken a few cursory steps toward becoming a hub of ICO activity, but strict enforcement of crypto regulations is the cost of doing business in a well-connected

Bitcoin makes fresh 15-month low as crypto collapse resumes
Bitcoin, BTCUSD, -6.16% the world's No. 1 digital currency, fell as much as 8%, making a 15-month low at $3,291 on the Kraken crypto exchange.
Why is Bitcoin dropping? 'It didn't fall because of the ETF delay'
With Bitcoin down over 10%, Ethereum losing 15% of its value and coins like EOS even dropping more than 20%, many people are wondering what's ...
Ether Price Now Down 94% from January’s Record High
The price of ether fell to 19-month lows just over $80 today and is now down 94% from its January peak.
SEC Fines Crypto Fund $50K and Issues Cease-and-Desist
The SEC has issued a cease-and-desist order against CoinAlpha after it offered unregistered securities.
US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation
Two U.S. Congressmen have introduced bipartisan bills to prevent crypto price manipulation and boost acceptance of the tech.
Weekend roundup: 'Worthless' bitcoin | 'Tariff Man' | Simple advice from Warren Buffett
The value of bitcoin BTCUSD, -9.84% has plummeted 74% this year, to $3,587.50 as of Thursday. Here's a logical argument why bitcoin's recent drop ...
Bitcoin Price Analysis: BTC/USD Could Tumble Further Below $3000
Bitcoin price fell further and declined below the $3,620 support level against the US Dollar. BTC/USD settled below $3,400 and it seems like it could ...
The 'Loose Theory' that Wall Street is Manipulating Bitcoin (BTC) and Cryptos To Buy Cheap
The discussions started on December 17th when the CME Group and CBOE started offering Bitcoin Futures. Coincidentally, this was the last time we ...
Bitcoin Price Analysis: BTC is a “Melting Ice Cube” Says CEO
Like Bitcoin prices shifting, so is Bill Gates-the founder of Microsoft who back in 2014 said Bitcoin is “used to buy drugs like synthetic opioid fentanyl” ...
Block 7,080,000: Ethereum Devs Propose Activation Point for Next Hard Fork
Ethereum is moving closer to the activation of the long-in-the-waiting network upgrade known as Constantinople.
Is Bitcoin Going To Zero?
Either way, I see bitcoin as a dead man walking. Future generations may read about bitcoin in a finance textbook as a curiosity and wonder what all ...
Newsflash: Battered Bitcoin Price Sets New Yearly Low at $3310
So much for that early week recovery. The bitcoin price touched a fresh yearly low on Friday morning, driving the crypto market even further into the ...
Bitcoin Short Positions Record Their All-Time High on Bitfinex
The bad news is for the bulls: As more people are thinking that the current bear market will continue, as well as keep on selling Bitcoin and selling ...
Bitcoin – Sub-$3000 Here We Come!
Bitcoin tumbled by 6.37% on Thursday, following a 5.25% fall on Wednesday, to end the day at $3,531. Hopes of a Bitcoin recovery from Wednesday's ...
Bitcoin options bought for $1 million soon will be worthless
Ari Paul, a former portfolio manager at the University of Chicago endowment, made the biggest-ever bet on Bitcoin options—holdings that are about to ...
Bitcoin, Ripple, Ethereum, Stellar, Bitcoin Cash, Bitcoin SV, EOS, Litecoin, TRON, Cardano: Price ...
As Bitcoin SV, which has recently hard forked off from Bitcoin Cash (BCH), has a few days of trading behind it, we shall introduce it in our analysis from ...

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