17 December 2018

On This Day

Bitcoin price

Closing price: $3540.1967 Powered by Coindesk

Headlines

It's been a year since bitcoin hit all-time highs, here's what one bitcoin bull sees for the ...
Spencer Bogart, Blockchain Capital, on where bitcoin's headed from here. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen ...
Trump’s New Chief of Staff Praised Bitcoin and Blasted the Federal Reserve

President Trump’s newly assigned White House Chief of Staff Mick Mulvaney believes Bitcoin is a unique financial asset because of its ability to avoid government interferrence. In 2016, during a dinner with the John Birch Society, Mulvaney touted Bitcoin as a currency that’s “not manipulatable by any government.” According to Mother Jones, Mulvaney also ripped the […]

When the Tide Goes Out: Big Questions for Crypto in 2019
After this year’s wild market ride and many failed projects, what might cryptocurrency mean for money and finance in 2019 and beyond?
Bitcoin is 'dead,' says crypto millionaire
“Bitcoin is dead, it's too fragmented, there's tons of infighting. I just don't think it will last. “It may have a bull market or two left in it,” he added, “but ...
Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source
The Hong Kong Stock Exchange is reluctant to approve the IPO applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talks.
Bitcoin Price Analysis Dec.17: Nice $200 Breakout. Could This Start a Reversal?
Over the past two days since our previous Bitcoin price analysis, the coin had been trading around the $3200 mark. However, the falling wedge we've ...
Bitcoin WARNING: BTC will be 'WORTHLESS and have ZERO VALUE' in 2019
Colourful Canadian Calvin Ayre, founder of Bitcoin Cash and now one of the figureheads of BTC Satoshi Vision, says the flagship cryptocurrency will ...
Circle CEO: In 3 Years Bitcoin [BTC] is “Certainly Going to be Worth a Great Deal More Than It Is ...
Despite the sharp drop in the price of Bitcoin (BTC) and the rest of cryptocurrencies, there are still good reasons to be long on Bitcoin. That's what ...
The Market Recovers with More Upside Expected (Bitcoin Price Analysis)
From Friday when the cryptocurrency market cap was at around $104,950,000,000 at its open, the evaluation fell to $100,630,000,000 on the first half ...
Bonner Bitcoin mining riding out cratering market
17, 2017, the price of a single Bitcoin reached a high of $19,650. Last month it dipped below $4,000, and on Friday hovered just above $3,100.
Bitcoin bomb threat
In the email, the perpetrators threaten to detonate a bomb unless they receive $20,000 in bitcoin. The extortion scam perpetrated last week is a ...
Bitcoin Price Jumps 5% on One-Year Anniversary of $20000 Bull Run
The value of bitcoin rebounded sharply on Monday, shaking off a volatile weekend that dragged prices to new yearly lows. The broader cryptocurrency ...
'Bitcoin Is Dead', Says One of the First Crypto Millionaires
Bitcoin won't be rebounding after its year-long freefall, at least according to one of the popular cryptocurrency's earliest millionaires. Erik Finman, the ...
Bitcoin price prediction: $3000 exposed - Confluence Detector
Bitcoin bulls are desperate to take the coin above critical $3,200 level and stop the carnage. BTC/USD dropped as low as $3,126 on weekend, which ...
Bitcoin News Summary – December 17, 2018
A major shakeup occurred in the crypto market cap rankings this week, with Bitcoin Cash ABC falling to 7th position and Bitcoin Cash SV falling to 9th.
Teen Bitcoin Millionaire Erik Finman Proclaims Bitcoin Is 'Dead' Long-Term
Finman is famous for his precocious investment in Bitcoin back in 2011, when he reportedly bought in — at the age of twelve — at $12 a coin.
Abkhazia Eyes Crypto Mining Regulations amid Fears of Winter Power Shortages

A state-run energy company in Abkhazia is calling for the regulation of cryptocurrency mining activities to avoid the partially recognized republic being plunged into darkness this winter. According to Eurasianet, the cryptocurrency mining farms in Abkhazia, which are mostly located in abandoned Soviet factories, are guzzling a significant amount of electricity. As a result, it

BitPay CEO: Mass Crypto Adoption Could be Right Around the Corner

It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their...

Bitcoin Price Watch: BTC Hesitates, But Recovery Seems Likely
Bitcoin price is showing positive signs above $3,120 against the US Dollar. BTC could rebound in the short term towards the $3,320 or $3,400 levels.
Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency sees price surge as bear watches over the ...
Popular cryptocurrencies like Bitcoin [BTC], XRP, Ethereum [ETH] witnessed their supports being protected, with Bitcoin being one of the biggest ...
CoinDesk Advisor: Crypto, Bitcoin (BTC) Valuation Models Are Wrong
Case in point, the CEO of Bitpay recently told CNBC that much of the Bitcoin price is based on speculation, rather than legitimate use in the real world, ...
World’s First Blockchain-based Investment Bank by CGCX, IBH Capital and Archipelago

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

Expert Opinion: Time to Understand Bitcoin Price Cycles as White House Welcomes Crypto ...
It's been one year now since bitcoin achieved an outstanding all-time high of $20,155 per coin and today it is testing new lows of $3,122, a total drop of ...
Ethereum Beats Bitcoin Cash's Price for First Time Ever as Crypto Markets See Growth
A contentious hard fork in November caused BCH to split into two chains, the second being Bitcoin Cash “Satoshi's Vision,” now with the ticker BSV.
Hong Kong: Bitcoin 'millionaire' throws money from rooftop, gets arrested
Self-styled Bitcoin BTC millionaire Wong Ching-Kit announced the bizarre stunt via Facebook. In the post, he declared money would soon be “falling ...
Bitcoin SOARS: BTC climbs above $3400 as it ROCKETS to biggest daily rise in three weeks
The flagship cryptocurrency jumped by more than 6 percent in value as it nudged close to its best level since November 28. As of 14:30 GMT, bitcoin ...
Japanese Regulators Publish New Draft for Domestic Cryptocurrency Framework

Late last week, the Financial Services Agency (FSA), the top financial regulator in Japan, published a draft report which outlined the new framework for addressing cryptocurrencies and Initial Con Offerings (ICOs) in the country. The report was released following with the 11th study group meeting of the agency, and it contained a cumulation of recommendations from

Bitpay CEO Stephen Pair Believes Mass Crypto Adoption is 5 Years Away

Bitpay CEO Stephan Pair has gone on record to say that he believes that mass crypto adoption is only 3 to 5 years away. He talked about the possibility of wider adoption when recently chatting to the American news network CNBC. One year ago when Bitcoin prices scaled the heights of $20,000, crypto adoption seemed

Bitcoin Price Now Hinges On 50-Month Moving Average
BTC traders were concentrating on one metric in particular this week as Bitcoin price slowly slides towards $3000.
Who Needs Verizon? Blockstream Broadcasts Entire Bitcoin Blockchain From Space
A new age of bitcoin is about to begin, as users around the world will no longer need internet access to spend the cryptocurrency on every day ...
One of the first crypto millionaires says bitcoin is 'dead'
When it comes to investor bitcoin burnout, it takes one to know one. Erik Finman, who gained renown after becoming one of the earliest crypto ...
Bitcoin ROCKETS: Crypto price boost just one year after Bitcoin peaked near $20000
Bitcoin slumped to a yearly low of £2,556 ($3,218) on December 14 but showed signs of a huge recovery on Monday. The cryptocurrency rose to a ...
Bitcoin price news: Why is bitcoin rising today? BTC price SOARS
Bitcoin has jumped 8.54 percent and is currently trading at $3,486.28, according to CoinMarketCap. Traders have ascribed the move to heavy buying ...
US Chief Of Staff: Governments Cannot Manipulate Bitcoin
Matt O'Brien even stated that Mulvaney is anti-Fed and praised bitcoin as a currency since governments cannot manipulate it. He argued that the ...
Bitcoin Encounters Strong Support, Climbing Close To 12%
Bitcoin prices recovered today, rising more than 10% as the digital currency benefited from strong support near the $3,000 level. The cryptocurrency ...
Switzerland to Regulate Blockchain Within Existing Financial Laws
Switzerland's government plans to accommodate the blockchain sector within existing financial laws, but with a few tweaks.
BTC/USD Price Analysis: “Bitcoin Least Speculative Investment A Person Can Make”– Weiss Ratings
The Chaos Theory and the Butterfly Effect put forth by Edward Lorenz has been once again demonstrated. Predicting prices of volatile assets ...
Coinbase Adds Crypto-to-Crypto Trading for Retail Customers
Coinbase is rolling out bitcoin-based crypto-to-crypto trading pairs for its retail customers.
Bitcoin, Ripple (XRP) And Ethereum Leap -- Has The Santa Rally Arrived?
Bitcoin, ripple (XRP) and ethereum, after struggling recently against a massive sell-off and fears the great cryptocurrency experiment could be coming ...
Overstock’s tZERO to Develop a Cobalt-Backed Token for Hong Kong Investor
The engagement could lead to the tokenization of up to $200 million worth of cobalt, which is used to make electric vehicle batteries, in 2019.
Tether Briefly Enters Top Four Cryptocurrencies, EOS Spikes by 21%

For a short time yesterday, the Tether stablecoin (USDT) hit 4th place by market capitalization in the cryptocurrency charts. Today Bitcoin (BTC) and other altcoins are showing green. EOS is back in 4th place with a sudden 21% hike, and Stellar (XLM) is now in 5th place with a near 9% price increase. At one

Bitcoin (BTC) price: tumble to the key $3000 support before the crypto spring?
Yesterday the Bitcoin price went downhill again. The price reached a new low this year and headed towards the 3000-US dollar mark. Bitcoin fell ...
Bitcoin price HIGH: BTC peaked at $20000 one year ago – How much is bitcoin worth today?
Bitcoin's meteoric rise through the second half of December 2017 saw prices peak at £14,982.49 ($18,877) on some crypto exchanges. The sudden ...
Bitcoin jumps 11%, rebounding above $3400 on the one-year anniversary of its $19000 record
The world's largest cryptocurrency rallied as much as 11 percent to start the week. Bitcoin has still fallen more than 50 percent in the past three month ...
Bitcoin (BTC) Price Analysis: Another Retracement or Reversal?
Bitcoin is still trending lower inside its descending channel that has been holding on so far this month. Price bounced off the bottom and has pulled up ...
Support Grows for Bitcoin Proof of Keys on Jan. 3
The campaign to see bitcoin withdrawn from third-party wallets to private wallets on Jan. 3 is gaining traction. Over the past week, hundreds of Twitter ...
Cypherpunk Legend Timothy May Has Passed Away
Timothy C. May, cypherpunk legend and author of the “Crypto Anarchist Manifesto,” has passed away at the age 67.
Bitcoin jumps on the 1-year anniversary of its $19000 record
For today's Chart of the Day, Yahoo Finance's Myles Udland recaps Bitcoin's rise and fall, and discusses where the cryptocurrency stands on the ...
Newsflash: Bitcoin Price Bounces 8.3% in a Much-Needed Bull Action; Will It Sustain?

After setting one new low after another, the bitcoin-to-dollar rate on Monday underwent a sharp bullish correction to register a fresh high at 3450-fiat. The upside action followed a low-volumed consolidation trend over the recent weekend trading session. The late night activity on Sunday, nevertheless, looked sharper and trade volume across the leading bitcoin pairs

Bitcoin Price Will Crash to Zero Says Calvin Ayre
Former Bitcoin Cash advocate Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it's worthless.
How John McAfee became the spokesman for the crypto bubble.
At the time, the great cryptocurrency mania, which saw Bitcoin climb 25-fold by the end of the year – it would fall fall all the way back to a fifth of its ...
Hong Kong Bitcoin Millionaire Arrested after Throwing Cash off Apartment Building

According to a report by the South China Morning Post, a 24-year-old man is said to have tossed bank notes from the top of a skyscraper in Hong Kong, triggering agitation from passersby below. The man, who was identified as Wong Ching Kit (with aliases such as “Mr. Coin” and “Coin Master”) is the owner

Bitcoin climbs above $3400, headed for biggest daily rise in nearly three weeks
LONDON (Reuters) - Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong ...
Bitcoin Price Will Crash to Zero Says Bitcoin Cash Founder Calvin Ayre
Bitcoin Cash co-founder Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it's worthless. But never fear ...
Bitcoin sees a flash of green; Factom offers near 30% increase
Bitcoin has seen a moment of increase to pull away from $3200 USD figures. In day-on-day trading, it has seen fractional growth of 0.38% at the time ...
Blockstream Boosts Bitcoin Satellite Service With Lightning Payments
Bitcoin users' ability to send transactions through outer space has just been given a boost. Blockchain technology firm Blockstream announced ...
Teenage Crypto Millionaire Erik Finman Says Bitcoin is Pretty Much Dead, Offers Hope for Bitcoin ...
Erik Finman, a teenager who became filthy rich during the Bitcoin boom, has now issued a warning to Bitcoin maximalists, the term given to those who ...
One of the first crypto millionaires Erik Finman says bitcoin is 'dead'
Erik Finman, who gained renown after becoming one of the earliest crypto millionaires, told MarketWatch in an interview that the virtual currency that ...
Flash hike: Bitcoin [BTC] rockets on the price charts as cryptocurrency surges by 4% in an hour
The cryptocurrency market has seen a sudden surge in its prices after an extended bear run. Popular cryptocurrencies like Bitcoin [BTC], XRP, and ...
Bitcoin Hit an All-Time High One Year Ago Today. Here's How Much You Would Have Lost If You ...
It looks like the critics were right: It's been a remarkably brutal year for Bitcoin and other cryptocurrencies. After hitting an all-time high a year ago today ...
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin
The Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption.
Bitcoin Price Analysis: BTC Eyes Short Term Reversal Above $3350
Bitcoin price traded towards the $3,150 support recently against the US Dollar. BTC/USD is currently recovering and it may trade past the $3,400 and ...
Self-proclaimed inventor of Bitcoin, Craig Wright, says banks are not the enemy
The self-proclaimed inventor of Bitcoin and chief scientist at nChain, Craig Wright, explained in an interview with HiveEx, that banks aren't the enemy ...
New US Chief of Staff: Bitcoin is Good, 'Not Manipulable by Any Government'
This week, following the scheduled leave of John F. Kelly, United States President Donald Trump has chosen the pro-Bitcoin Mick Mulvaney to serve ...
“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices” – Bloomberg Editor-in-Chief
Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid ...
Bitcoin climbs 5% as cryptos look to snap recent skid
Bitcoin prices are moving higher on Monday, looking to claw back last week's losses that dragged the best-known cryptocurrency below $3,200 for the ...
Fundstat Analyst Calls for $150k USD Bitcoin Price
Calls for a much higher Bitcoin price have been less frequent this year. While it was easy to find Bitcoin bulls last year, 2018 has been hard on crypto ...
Bitcoin Is in the Doldrums After Hitting an All-Time High a Year Ago
Bitcoin has discovered gravity, after just a year of riding high in the cryptocurrency universe. As of Monday morning, Bitcoin was down 83% to $3,391 ...
Bitcoin Generator “Exploit” Scam Clears Thousands
A website claiming to be taking advantage of an unexplained “exploit” in Bitcoin to “generate” coins on behalf of its users has scammed more than .8 ...
A month after Bitcoin Cash hard fork 2 coins still both trading
On November 15 Bitcoin Cash underwent a hard fork that created two separate networks and coins, Bitcoin Cash ABC and Bitcoin Cash SV. A month ...
The Legacy of ‘Crypto Godfather’ Tim May (1951 – December 2018), Cypherpunks Co-founder and Author of ‘The Crypto Anarchist Manifesto’

The Crypto Anarchist Manifesto was an essay penned by Timothy C. May, co-founder of the Cypherpunks mailing list. May, who is regarded as a ‘crypto godfather’ for his influence, passed away last week at his home in Corralitos, California. A look back at the profound influence he had on the cryptography community, and ultimately Bitcoin, […]

Bitcoin price headed for record losses on anniversary of dramatic all-time high
One year on from bitcoin's record-breaking high of almost $20,000, the world's most valuable cryptocurrency may be about to break a new record as it ...
Bitcoin panic selling made easier by Coinbase
Coinbase, one of the largest cryptocurrency exchanges in the world has now initiated Paypal withdrawals for its users letting them sell their bitcoin and ...
Bitcoin Millionaire Airdrops Millions of Dollars in Hong Kong
The Bitcoin industry has allowed wealthy individuals to do some very unusual things. In most cases however, those developments will not make any ...
Bitcoin SV means business: Why BSV is the enterprise-friendly blockchain
Bitcoin SV (BSV) is Bitcoin meant for business, and is the blockchain all enterprises should build upon. BSV is the rebirth of the original Bitcoin, ...
Bitcoin price analysis: BTC/USD stays under weekly SMMA200, more pain to come
Bitcoin set a new 2018 low on weekend. The first digital coin touched $3,126 briefly before recovering towards $3,196 by the time of writing.
Crypto market update: Recovery is finally here – Bitcoin, Ripple's XRP and Ethereum set the pace
Bitcoin price is in the green with gains of more than 1% on the day. Ripple's XRP is correcting higher by1.39% and Ethereum (ETH) is following closely ...
Iranian Official Believes Blockchain Can Drive Economic Growth

According to an Iranian official, the integration of blockchain technology and cryptocurrencies could provide a much-needed boost to the country’s economy, per reports on the Tehran Times. Alireza Daliri, a Deputy for Management Development and Resources at the Vice Presidency for Science and Technology, stated that blockchain technology could provide Iran with a platform to

A Year Ago Today Bitcoin’s Price Hit a Record $20k
Bitcoin is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high.
Iranian Official Says Blockchain Could Deliver Economic Boost
An Iranian official has reportedly said that integrating blockchain could bring a tech-based boost to the country's economy.
FidelityHouse, the Presale Has Started! Here All the Details

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, Ripple, Ethereum, Stellar, EOS, Litecoin, Bitcoin Cash, Bitcoin SV, TRON, Cardano: Price ...
In December of last year, market participants were rejoicing as cryptocurrencies led by Bitcoin were soaring. The leading digital currency reached a ...
2018: The Year Of The Bitcoin Bust?
With Christmas nearing, bitcoin is celebrating a big anniversary this week, one that investors would rather forget. Dec. 16, 2017 was the day bitcoin ...
Bitcoin Bulls Are Still Upbeat On Year Anniversary Of All-Time High
Bitcoin may not be dead, but it's certainly fallen a long way from the heady highs of late 2017. One year ago today the bitcoin price peaked at a little ...
One Year Ago Today: Bitcoin Reaches All-Time High
Last year on this day, Bitcoin reached its all-time high price of $20,000 – before its parabolic advance was broken, sending the original cryptocurrency ...
Bitcoin SV's Craig Wright: It's time to stop thinking on the casino [exchange] price of Bitcoin
Dr. Craig Wright, the Chief Scientist at nChain and one of the proponents of the Bitcoin SV [BSV] talking about scaling. The Chief Scientist took to ...
Bitcoin peaked one year ago: Here's a look at 12 months of misery
Monday, December 17 marks one year since the price of bitcoin — the best-known cryptocurrency — hit an all-time high just shy of $20,000. For bulls ...
Bitcoin Price Rises 5% as Crypto Markets Jump
After a weekend of sideways trading, the cryptocurrency markets have jumped on Monday, with Bitcoin rising more than 5% and the overall crypto ...
Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees

A blockchain startup that raised operational funds in Ethereum has come in the middle of what is known as the “crypto winter.” Status, as the project is called, recently announced that it has laid off 25% of its workforce citing economic scarcity. In a recently published blog post, the startup blamed this year’s extended bearish

It Wasn’t a Bitcoin Millionaire Who Gave $12M in Cash Away in Hong Kong

On Sunday, major mainstream media outlets reported that a crypto millionaire sprayed more than $12 million worth of cash in one of Hong Kong’s poorer neighborhoods. Speaking to CCN, Leonhard Weese, the president of the Bitcoin Association of Hong Kong, confirmed that Wong Ching Kit, a 24-year-old man who was arrested almost immediately after causing

It's been one year since bitcoin was interesting
Congratulations bitcoin bulls. It was exactly one year ago today — December 17, 2017 — that the price of bitcoin hit a record high of $20,000 per ...
Chain Open Research: November 2018 Crypto Exchange Analytics and Research

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 is dead”, argues early cryptocurrency millionaire
He made millions off the back of Bitcoin's rise – but Erik Finman thinks its day is all but done… The story of Erik Finman is pretty legendary in ...
Need Some Help Explaining Bitcoin? These Two Ideas (Fungus and Text Messaging) Should Help
It can be hard explaining bitcoin to people who don't understand it. And it's not just bitcoin alone. It's the cryptocurrency, blockchain and distributed ...

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