11 December 2018

On This Day

Bitcoin price

Closing price: $3378.115 Powered by Coindesk

Headlines

Bitcoin Mining Industry 'Under Considerable Stress,' 1.3 Million Devices Switched Off
For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrency's hash rate ...
Buying bitcoin from the back of a London taxi
It can process cash-based transactions in exchange for bitcoins in real time, then print a paper receipt, much like a credit card reader at your local ...
Bringing Blockchain Banking to the Masses: WORBLI has Begun its 1,000,000,000 Token ShareDrop Event

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 Moves Lower as Short Positions Continue to Stack Up
Bitcoin's current instability is shaking investors' confidence in a potential relief rally, as the short positions against Bitcoin are climbing as long ...
Bitcoin's nosedive spurs layoffs
Bitcoin – the main driver in the space – has lost nearly half its value over the last month and is down more than 80 percent from its December 2017 ...
Yep, Bitcoin Was a Bubble. And It Popped.
It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In the stock-market bubble ...
Bitcoin Nothing More Than a 'Lottery Ticket': Harvard Economist
Former IMF Chief Economist and current Harvard University Professor of Economics and Public Policy Kenneth Rogoff believes that bitcoin and other ...
Is Bitcoin Heading for $3000? Potential Factors for a Market Recovery
After watching the price of Bitcoin going through its roughest month for seven whole years, many in the space appear to be bracing themselves for a ...
A string of great bitcoin calls makes this Chilean trader a must-follow
“Good morning folks I want to introduce you to the power of bitcoins and I know that you probably didn't want to hear this on a silver channel but I have ...
Who’s Living in a ‘Bubble’?
It’s easy to imagine other people are stuck in their insular little worlds. But you’re probably no better at spotting such bubbles than anyone else.
“Bitcoin ETF in Trouble”, Does February Deadline has Any Chance of Approval?
US SEC has postponed the Bitcoin ETF yet again and set the deadline for February end, next year. Jake Chervinsky, securities litigation lawyer shared ...
Analyst: Crypto Bear Market May Get Worse, Bitcoin (BTC) Fundamentally Unsupported
Although selling pressure eased off crypto markets over the weekend, Bitcoin (BTC) and altcoins are still in the midst of stormy seas. BTC has found ...
Coinbase Might Be Behind Those 856000 BTC Worth of Transactions
Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, ...
The CFTC Wants to Learn More About Ethereum
The CFTC has published a request for input to learn more about ethereum and its underlying blockchain network.
It's a not-so-happy 1st birthday for bitcoin futures
Tuesday marks one year since the launch of bitcoin futures, an event hailed at the time as a momentous step forward for proponents of the nascent ...
Bitcoin was a classic bubble. And it popped
In late December 2017, bitcoin's price briefly peaked at $19 511, before it began an epic plunge that would see the original cryptocurrency lose ...
Fund Seeks $200 Million to Help Startups Survive a Crypto Winter
David Johnston’s new Yeoman’s Growth Capital will invest exclusively in live blockchain projects.
Market Cap of Crypto Tokens Fall Under $100M, Struggling to be Relevant

The market valuation of ERC20 tokens and low volume crypto have started to fall below the $100 million mark amidst an intense market sell-off and increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). VeChain, Bytecoin, Bitcoin Diamond, ICON, and Qtum have fallen the most against the U.S. dollar in the past 12

'Proof Of Keys' Wants You to Get Your Bitcoin Off Exchanges on January 3
Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private ...
Travis Kling: I’m “Incredibly Highly Convinced” That Crypto Will Succeed

Amid the peak of crypto’s 2017 rally, Travis Kling, a portfolio manager at Steven A. Cohen’s Point72 Asset Management, jumped ship from his institutional tenure, subsequently downing the red pill that is Bitcoin. And while Bitcoin (BTC) has sold-off massively since his initial foray, Kling has maintained that he sees long-term potential in cryptocurrency and technologies pertaining to this budding asset class....

2018 Has Been a Terrible Year for Bitcoin; Will That Continue in 2019?
When Bitcoin's value approached $20,000 at the beginning of the year, many, like perennial crypto-bull Mike Novogratz, predicted its value would ...
C-Suite Departure: Coinbase’s Chief Product Officer Has Left the Startup
Coinbase's chief product officer, Jeremy Henrickson, left the crypto exchange in early November after more than two years of scaling the company's tech team.
Coinone Exchange Launches Cross-Border Payments App With Ripple Tech
South Korean crypto exchange Coinone has launched Cross, an app providing cross-border remittances using Ripple's xCurrent product.
Panic Mode? What a Wall Street Chart Tells Us About Bitcoin's Price
Investing in financial markets can be an emotional roller-coaster and the bitcoin market is no exception. When it comes to investment, human emotions ...
Bitcoin and Ethereum Drop 3%, is the Bottom Still in Sight?
Over the past 24 hours, the prices of both Bitcoin (BTC) and Ethereum (ETH) have fallen by more than three percent against the U.S. dollar.
$1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018

According to cryptocurrency intelligence firm CipherTrace’s Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $927 million. The blockchain cybersecurity professionals identified theft and hacks at platform layers and exchanges to be a major problem, evolving further from its Q2 findings. In the CipherTrace second-quarter report, the company identified that

Why the Bitcoin Bear Market may not be Over Just Yet
Bitcoin's bearish conditions are far from over, analysts claim. At the time of writing, bitcoin is trading for just over $3,300. This is about $300 less than ...
Bitcoin comment: BTC in the EYE OF THE STORM as cryptocurrency poised to sink OR soar
Last week, bitcoin was pummelled between the rocks of $4,200 and $3,200, leaving some commentators to suggest the decade-old cryptocurrency's ...
'The Drug Is Gone': Mike Novogratz Compares Current Bitcoin Markets to 'Methadone Clinic'
Novogratz also characterized Bitcoin's (BTC) enormous growth in late 2017 –– which peaked at $20,000 per coin –– “a drug.” He called the period a ...
Bitcoin (BTC) 'I Told You So' At All Time High
Ranging from the dangers of deflationary currencies to the extreme price volatility of the crypto markets, Bitcoin had no shortage of detractors who ...
Gemini Launches New Mobile App for Crypto Traders
Gemini has launched a mobile app with full functionality, allowing customers to buy, sell and transfer funds, among other features.
Still the King: Bitcoin Dominance Hits 3-Month High as Crypto Market Limps Toward 2019
Bitcoin's share of total cryptocurrency market capitalisation is at its highest point in three months, currently standing at about 55.14 percent according ...
Vermont Government Forms Working Group to Explore Blockchain Technology

The second-smallest state in the United States by population has formed a working group consisting of state agencies with a view toward studying blockchain technology. This was announced by Vermont’s attorney general, T.J. Donovan, who disclosed that the blockchain working group would commence work next year in January. The working group — which will seek

More proof you need to be careful of 'bitcon'
Cryptocurrencies like bitcoin are a confidence game. They are worth nothing and backed by nothing. The only thing that gives them any value is the ...
Blockchain-Friendly UK Lawmaker Calls for Crypto Tax Payments
British politician Eddie Hughes has proposed allowing local taxes and bills to be paid with cryptocurrencies.
The Next Leg Of The Bitcoin Crash Is Here
If it's not the stock market crashing, it's bitcoin. When asset instruments crash, they go down in stages. Stages are price ranges when the asset stops ...
Bitcoin [BTC]'s underlying technology discussed by the founding father of blockchain
Cypherpunk Scott Stornetta spoke about the citations that Satoshi Nakamoto “generously” made in his Bitcoin's whitepaper, in an interview with Naomi ...
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 11/12/18
Bitcoin Cash ABC fell by 4.28% on Monday, partially reversing Sunday's 7.11% fall, to end the day at $101.78. Bearish through much of the day, ...
Binance's Bitcoin (BTC) Trading Share Falters In Crypto Bear Market
In the startup's most recent installment, released on Monday, Diar drew attention to the ever-changing role that Bitcoin (BTC) and that exchanges that ...
Bitcoin Price Watch: BTC Facing Uphill Task Near $3500
Bitcoin price is struggling to climb above the $3,500-3,520 area against the US Dollar. BTC might decline towards the $3,340 support in the short term ...
Square Overtakes Coinbase As Bitcoin Dominance Rises
The payment platform Square's Cash App has recently overtaken Coinbase as the most widely used iOS app to buy Bitcoin (BTC). Square has also ...
Bitcoin Price Analysis: Bear Pennant Breakout Puts $1700 Price in Sight
Another week, another low. Bitcoin's market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market ...
Bitcoin Drops to $3400 while Ethereum Losses over 93% value & XRP Sinks Below $0.30
Crypto market has yet again gone deep red after seeing greens. Bitcoin, Ethereum and XRP are down between 3 to 5 percent as the total market cap ...
Harvard Economist Explains Why the Bitcoin Bubble Was Doomed to Burst
As of this morning, Bitcoin has lost over 80 percent of its dollar value from its peak a year ago. While many crypto bulls see the recent plunge as a rare ...
Opinion: Stock Up On Canned Food (And Bitcoin)…World Wide Winter is Coming!
All is far from perfect in fiat-land around the globe… and Bitcoin is currently quite the bargain as the stock market is looking shaky once again.
Bitcoin Dips Below $3400 as Market Volatility Continues
Almost all of the top 20 coins have seen losses over the 24-hour period, with Bitcoin SV (BSV) down the most, seeing just over 6 percent losses.
Massive $2.9 Billion Bitcoin Whale Exposed, Plus Ripple and XRP, Ethereum, Tron, Litecoin, VeChain: Crypto News Alert

From the true identity of a giant Bitcoin whale to an epic overture from Ethereum creator Vitalik Buterin, here’s a look at some of the stories breaking in the world of crypto. Bitcoin A series of incredibly large Bitcoin transfers totaling about $2.9 billion have been traced to a single source: Coinbase. Chinese crypto outlet 8BTC […]

Bitcoin Friendly Square Tops iOS Store: Can Coinbase Reclaim Its Throne?
On Saturday, Miles Suter, a prominent Bitcoin commentator, divulged that Cash App, Square's in-house equivalent of PayPal or Venmo, had suddenly ...
'Revolutions Don't Happen Overnight': Why Mike Novogratz isn't Giving up on Bitcoin
Bitcoin bull Mike Novogratz — the CEO of cryptocurrency merchant bank Galaxy Digital — is unfazed by the recent bear market, saying bitcoin is ...
ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion

The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this year’s

Crypto Firm Fragments Launches Stablecoin Following ‘Ampleforth’ Rebrand

Fragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the “1984” character whose job is to translate poetry into Newspeak. Ampleforth aims to preserve the unit of account and money properties of its tokens. Instead of pegging to a fixed

Bitcoin (BTC) Price Analysis: Bears Wrestle for Control
Bitcoin is trending lower inside a descending channel and appears to have already found a ceiling at the mid-channel area of interest. If sellers return ...
Bitcoin Oversold on Weekly Price Chart for First Time in Four Years
A key long-term bitcoin price indicator is reporting oversold conditions for the first time in almost four years.
Announcing the Airdrop and Release of Bitcoin Confidential
First announced more than six months ago, Bitcoin Confidential addresses the need for a fully fungible cryptocurrency requiring all transactions to be ...
FOTA.com Officially Online- Professional Crypto Derivatives Exchange/Clearing Services by Wall St./Chicago’s Directors & Seniors

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

UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog
Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.
Bullion Giant APMEX Partners with BitPay to Let Investors Buy Gold with Bitcoin

Global crypto payment provider BitPay has announced the OneGold precious metals and digital gold marketplace is now accepting Bitcoin and Bitcoin Cash, according to a press release. OneGold — founded by APMEX, a leading precious metals retailer, and Sprott, an alternative asset manager — is focused on giving investors the ability to combine the “key

The Biggest Rises and Falls of Bitcoin, Explained
A sharp fall in the early days of Bitcoin. June 2011 had seen Bitcoin's price hit about $32, falling precipitously to $2 over the course of five months ...
State Farm is Testing Blockchain to Expedite Auto Insurance Claims

Insurance is one of the golden geese of the blockchain, an industry with so much paperwork, sensitive data, and manual processes that it almost seems obvious that it will eventually adopt blockchain technology to streamline its claims processes, data storage, and even — eventually — its payments. State Farm is among the first notable insurance

Why Bitcoiners Are Using Memes to Cope With a Crash
If you have a cryptocurrency investor in your life, you might have noticed some dour looks lately. The price of Bitcoin crashed to roughly $3,000 from ...
Crypto Assets on Gibraltar Blockchain Exchange Can Now Be Insured
The Gibraltar Blockchain Exchange, a subsidiary of the Gibraltar Stock Exchange, is now offering insurance cover for crypto assets.
NYDFS Hastens Response to BitLicense Applications

According to data obtained from the source – the New York Department of Financial Services itself – the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been approved, the rest are still going through the process. Fortune writer Robert Hackett became interested in

Good news: Bitcoin is becoming worthless
How the (supposedly) mighty have fallen. A couple years ago, it looked like bitcoin could become a major new global currency. But finance experts are ...
Biggest Crypto Bull on Wall Street Says Bitcoin Will Become a ‘Legal Pyramid Scheme – Just Like Gold’

Galaxy Digital CEO Mike Novogratz says Bitcoin is revolutionary and he’s willing to sweat out the bumpy ride, despite his firm’s trading losses for the first three quarters of the year, which now stand at $136 million. A former Goldman Sachs partner, Novogratz, who says there’s “plenty of reason to be depressed,” tends to keep […]

Bitcoin Price Analysis: BTC Could Nosedive Below $3000
Bitcoin price is under pressure below the $3,530 resistance zone against the US Dollar. BTC/USD could slide sharply below $3,100 and $3,000 in the ...
Bitcoin moves lower as retail investors increase their bets against the cryptocurrency
In early Tuesday trading, a single bitcoin BTCUSD, -1.82% was changing hands at $3,333.60, down 2.1% since Monday at 5 p.m. Eastern Time on the ...
Not Everyone Wants a Bitcoin ETF
Despite the hype, some experts believe a bitcoin ETF wouldn't have much long-term impact on the broader market.
This Privacy-Focused Interoperable Blockchain Bridges Ethereum and Bitcoin
They add a high degree of privacy not had in Bitcoin or Ethereum, and their ultimate goal is to act at the decentralized intermediary between ...
Coinbase Bounce: 3 of 4 Ethereum Tokens Rally against Bitcoin on Day of Listing
MANA at the time of writing is trading at $0.055860, more than 11% down on the 24-hour adjusted timeframe. Against Bitcoin, the coin has dropped ...
Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets
... are based on cryptographic hash function “SHA-256” –– such as Bitcoin (BTC) and Bitcoin Cash (BCH) –– only two are currently making any profit.
ConsenSys ‘Town Hall’ Shows Staff Shaken at Ethereum’s Largest Startup
Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company's announced layoffs.
Bitcoin Sextortion Scheme Seduces Victims into Installing Ransomware
A sextortion scam that doubles its chances of success by planting ransomware on the computing device of its target victims has emerged, and as is ...
Harvard Economist: Bitcoin's Future Value More Likely to Be $100 Than $100K
The former chief economist of the International Monetary Fund (IMF) has characterized Bitcoin (BTC) as “a lottery ticket,” in an article for major United ...
Bitcoin price falling: Why is bitcoin falling today? Will BTC fall below $1000 in crash?
Bitcoin has crashed to a 15-month low, falling to $3,413 on CoinMarketCap. The cryptocurrency saw highs of $20,000 earlier this year but has now lost ...
Bitcoin Price Watch: We're Not Quite Done Bottoming Out
At press time, bitcoin is trading for just over $3,300, meaning there's no change since our previous price article. At least we can be grateful that bitcoin, ...
(+) If Bitcoin ETF Doesn’t Happen by February, How Will it Affect the Market?

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