27 December 2018

On This Day

Bitcoin price

Closing price: $3632.68 Powered by Coindesk


Remedy Blockchain’s Shortcomings with Genetic Information

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. January 3, 2019, marks the 10th year anniversary of the launch of the bitcoin system since Satoshi Nakamoto introduced “Financial Freedom” to the worlds. Blockchain is a technology

Bitcoin Price Watch: BTC Could Extend Losses Below $3600
Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 ...
Bitcoin [BTC] is a non-correlated asset; Long Bitcoin and short the bankers, says Anthony Pompliano
Anthony Pompliano aka Pomp justified Bitcoin being a non-correlated asset and that it is not falling in relation with the FAANG [Facebook, Apple, ...
US Defense Department Says Blockchain Can Help in Disaster Relief
The U.S. Defense Logistics Agency says blockchain technology has "enormous" potential to improve disaster relief efforts.
Ex-MtGox bitcoin chief maintains innocence in trial closing arguments
TOKYO: The former head of collapsed bitcoin exchange MtGox apologised Thursday for losses that bankrupted the firm but insisted he was innocent ...
Bitcoin Price Analysis Dec.27: BTC Sideways Action Will Breakout Soon?
Over the past two days since our recent BTC price analysis Bitcoin is moving sideways between $3700 and $3850, the two levels we have mentioned ...
Bitcoin Cash [BCH], Ethereum [ETH] and Litecoin [LTC] turn out to be biggest losers as 2018 ...
The three biggest losers amongst the top 10 cryptocurrency club were Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC]. At the time of writing, ...
Bitcoin Price Watch: Crypto Businesses Suffer as Price Continues to Drop
“Still a beautiful chart, but if bitcoin can't bounce to at least $5k – $6k soon, it's a bad sign for the cyber bulls, and if it breaks down through the yellow ...
More Than 15% of Crypto Projects Have Serious Red Flags: Wall Street Journal

According to new research from the Wall Street Journal, more than 15% of crypto projects raising funds through initial coin offerings (ICOs) have serious red flags that should give investors pause. The investigation, which analyzed the whitepapers of 3,300 cryptocurrency offerings and ICOs launched in 2017 and 2018, found that 513 of them likely committed plagiarism,

Bitcoin Cash [BCH] has the best chance of becoming p2p cash for the world, says Roger Ver
Bitcoin cash proponent, Roger Ver spoke about a plethora of things including the Bitcoin Cash fork and clarified things revolving him, in an interview ...
Bitcoin to tank below $3000 before true recovery starts - Morgan Creek's Pompliano
Meanwhile, the head and the founder of Morgan Creek Digital Assets Anthony Pompliano believes that Bitcoin's slump was not over. At least, that's ...
India May Legalize Bitcoin Under “Strong” Rules
India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set ...
Bitcoin [BTC] Technical Analysis: Bear market tries its best to maintain price below $4000
The one-day graph for Bitcoin paints the picture of a cryptocurrency recovering from a bear attack. The long-term downtrend saw the price fall from ...
Black Christmas as Brazilian Bitcoin Exchange Loses Founder in a Car Crash
Luís Augusto Schiavon Ramos, known as Guto Schiavon, the founder of one of Brazil's largest bitcoin exchanges, was killed in a car accident in Sao ...
Bitcoin trader Troy Woody Jr, 21, 'murdered girlfriend with pal then called TAXI to dump naked ...
A WELL-known American Bitcoin trader allegedly "murdered his girlfriend with a pal then called a TAXI to dump her naked corpse in a river.".
Five Bitcoin Price Predictions That Did Not Age Well
2018 will be remembered for many things, but Bitcoin bull runs won't be among them. Despite the best efforts of fortune tellers and tulip-farmers, those ...
Bitcoin Cash [BCH] proponent Roger Ver reasons his anti-government stance and the alleged lawsuit
As the crypto market wonders about the future, Roger Ver, a proponent of Bitcoin Cash [BCH] talked about the Bitcoin Cash Fork and competitors ...
BitMart Partners with Stony Brook University, Marking A New Era for Blockchain Education

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

Phishing attack on Electrum wallet sees over $900K in Bitcoin stolen
According to a post on Reddit, a new phishing attack has affected the Electrum wallet and seen user funds stolen to a tune of 243 BTC ($900,000 ...
A Recession Isn't Going To Save Bitcoin
Bitcoin and crypto enthusiasts have started to tout BTC as a hedge to a global recession (or a "proof" for it). Analysts have found zero correlation ...
Bitcoin (BTC) Technical Analysis: A Silver Lining for Gold and Bitcoin (BTC)
A decline in the U.S dollar benefits Bitcoin (BTC) and the entire crypto space. In addition, silver is an important leading indicator of the precious metals ...
2019: The Year Blockchain Begins Finance’s Great Unbundling
There will be opportunities for smart blockchain companies that can find their niche in the coming unbundling, says Ripple's Asheesh Birla.
South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack

A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose thousands of dollars, according to a report filed earlier this week, in the Korea Economic Daily. The customer who brought the lawsuit against the exchange was

12 Markets Crypto Decentralization Can Actually Improve
What do virtual real estate and distributed computing have in common? They're both markets where peer-to-peer networks can improve efficiencies, investor Kyle Semani argues.
Op-Ed: Bitcoin recovery rally fizzles out as price plunges below $4000
Bitcoin's pre-Xmas rally has fizzled out as the price drops well below the $4,000 level and even below $3,700 briefly. Bargain hunters may drive the ...
Venezuela Sees Biggest Increase in Bitcoin Volume to Date
Venezuela has experienced its biggest jump in bitcoin volume over the past week with 1,974 BTC traded on LocalBitcoins.
Bitcoin Beats S&P 500, Visa Buys Ripple Partner Earthport, and Ethereum Creator Vitalik Buterin ...
Meanwhile, the price of Bitcoin is beating the S&P 500 in December. The index of the biggest publicly traded companies in the US started the month at ...
Bitcoin Price Speculation for 2019
Amongst Bitcoin investors, capitulation is the word of the year. Declining from ~$20,000 to ~$4,000 at the time of this writing leaves speculators ...
Refusing to bite on Bitcoin
Thanks to Kenneth Rogoff for his sensible remarks on Bitcoin and other crypto currencies (“Has peak crypto already come and gone?,” Opinion, Dec ...
Trader: Crypto Investors Need to 'GTFO' if Bitcoin Price Falls Below This Level
Mark Dow, a trader who shorted Bitcoin (BTC) from its all-time high at $19,500 to $3,500, said that the dominant cryptocurrency could be in trouble if it ...
Ripple (XRP) Price Remains Buy On Dips versus Bitcoin (BTC)
Ripple price climbed sharply this past week above 0.00010BTC against bitcoin. XRP topped near 0.000107BTC and later started a downside ...
Co-Founder of The Largest Brazillian Bitcoin Exchange Gustavo Schiavon Died
Co-Founder of The Largest Brazillian Bitcoin Exchange Gustavo Schiavon Died. Author: Ali Raza Last Updated On Dec 27, 2018 @ 12:46 UTC. TL;DR.
A year ago Bitcoin hit the value of $19,000 each - with talk that it was going to make normal money obsolete - only for it to crash to just over $3000.
Disgraced Bitcoin Exchange CEO Mark Karpeles Maintains Innocence in Mt. Gox Embezzlement ...
The former CEO of defunct bitcoin exchange Mt Gox has maintained his innocence during the closing arguments of his trial, Japanese public ...
Bitcoin price prediction: Santa's rally is over, bears are up and running - Confluence Detector
Bitcoin settled under $3,800 level, consolidating losses incurred during thin holiday market. The coin has been very quiet in Asia, mostly unchanged ...
Bitcoin Cash [BCH] proponent Roger Ver: Majority attackers of the BCH were Bitcoin Core supporters
In a recent video by Naomi Brockwell, a YouTuber, Ver talked about the community attacking the ABC camp and the future of Bitcoin Cash [BCH] and ...
Crypto Whales Move Millions in XRP, Plus Bitcoin, Ethereum, Tron, Ripple, Litecoin, Bitcoin Cash ...
From a trio of XRP whales on the move to a new milestone for the Bitcoin Lightning Network, here's a look at some of the stories breaking in the world ...
Building for Bulls, Bears and the Crypto Revolution
The crypto revolution won't happen overnight – and it won't happen without pragmatism.
BitMart Santa Comes To You. Make Your Wish Come True! – BitMart Christmas Campaign

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

The Cost of Not Engaging Regulators
Zachary Fallon and James Blakemore are securities law attorneys who lead Ketsal Consulting, a strategic advisory firm focused on blockchain compliance. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  If the top cryptocurrency story of 2018 was the arrival of winter, a close and inextricably intertwined second was regulatory oversight. The regulators are in […]
Bitcoin Wallet Comprise: Electrum Wallet Breach Costs Users Over $750000
According to emerging reports, the popular Bitcoin wallet software Electrum has been attacked costing those affected over $750,000 worth of Bitcoin.
For original Bitcoin SV – 2019 is all about scaling
New Year's Address by Calvin Ayre. All the anti-scaling forces who were in the Bitcoin world have carved themselves away from Bitcoin and have their ...
Jordan Peterson Now Accepts Bitcoin and Working on a Patreon Competitor
Canadian psychologist Jordan Peterson has made $800 in five days after choosing to begin accepting Bitcoin (BTC) donations for his work.
7 Months After Ethereum dApps Bet Was Made, Joseph Lubin Still Quiet On The Matter

Bitcoin engineer-turned-instructor Jimmy Song has said that seven months after Joseph Lubin announced a public bet with him concerning the future of Ethereum, the ConsenSys CEO is yet to put his money where his mouth is. It will be recalled that at Consensus 2018 in May, Lubin and Song announced an audacious wager onstage at

Newsflash: Dow Futures Plunge after Wednesday’s Record Stock Market Rally

The US stock market doesn’t look poised to extend Wednesday’s record-setting after-Christmas rally, with S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures all portending sharp declines on Thursday morning. On Wednesday, the three prominent Wall Street indices had broken out of their recent slump to post major gains, bolstered by bullish data on

Bitcoin Stabilizes as Most Top 20 Coins See Mild Losses
Cryptocurrency commentators have sought to debunk the myth that Bitcoin is a correlated asset as stocks posted their worst Christmas Eve on record, ...
Pompliano: Bitcoin Could Fall Under $3,000, But It Remains Non-Correlated

As traditional equities have plummeted in value, especially Nasdaq-based technology stocks, interestingly, so has the Bitcoin (BTC) market. This seeming correlation was most recently exemplified by crypto’s tumble on Christmas Eve, as BTC fell from $4,200 to $3,800 as industry commentators were claiming that a “Santa Claus rally” was nigh. Other digital assets followed, with...

Bitcoin (BTC) On Track For A Steady Climb Past $5200
Bitcoin (BTC) is on track for a steady climb past $5,200 having already broken past the 21 Day EMA. The last time it did that, we saw BTC/USD testing ...
Could an upcoming price floor be the time to abandon Bitcoin?
A renowned hedge fund manager has suggested that even those HODLing their Bitcoin may need to consider getting out… It was expected that the ...
Cryptocurrency Markets Take A Downturn Days After Christmas

Christmas came late for the bears, but Santa didn’t fail to deliver. Nearly all of the top cryptocurrencies stumbled by multiple percentage points, everything from Bitcoin down to Zcash. Unsurprising, demand for stablecoins rose and they were trading at a slight premium. Bitcoin Loses Over 4% Over 24 Hours When the Bitcoin price is as

Bitcoin in 2019 in the eyes of bulls and bears: $10k, $36k or total annihilation?
Bitcoin cash (BCH) and Bitcoin SV founder, an eccentric billionaire Calvin Ayre, believes the rest of the crypto market will overthrow BTC's market ...
Bitcoin and Altcoins Near Make-or-Break Levels
Recently, we saw a downside move below the USD 4,100 and USD 3,850 supports in bitcoin price. BTC/USD tested the USD 3,600 - USD 3,620 ...
Bitcoin Struggles to Maintain $3800 Level as Trading Volumes Hit 7-Month High
Bitcoin, the flagship cryptocurrency, has been holding on to the $3,800 level over the past two days after falling from slightly over $4,200, as its trading ...
Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset

Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical...

If Bitcoin (BTC) Falls Under $3200, HODLers Should GTFO: Bearish Trader
In a tweet seemingly poking fun at crypto's zealous bulls, Dow wrote that he would be saying goodbye to his Bitcoin (BTC) short, which he purportedly ...
Users report losing Bitcoin in clever hack of Electrum wallets
A hacker (or hacker group) has made over 200 Bitcoin (circa $750,000 at today's exchange) using a clever attack on the infrastructure of the Electrum ...
?Remember Bitcoin? Some investors might want to forget
It was fun while it lasted. Cryptocurrencies soared and then they crashed. But true aficionados believe the underlying blockchain still has potential.
Vitalik Buterin Calls Bitcoin SV a “Dumpster Fire,” Says He “Doesn't Believe in PoW”
Vitalik Buterin, whose opinions on Twitter always interest the crypto community, recently engaged in a discussion that touched on both Bitcoin and its ...
Remember Bitcoin? Some Investors Might Want to Forget
It was fun while it lasted. Cryptocurrencies soared and then they crashed. But true aficionados believe the underlying blockchain still has potential.
Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018
It's been almost a decade since the inception of Bitcoin, a technology created by the infamous and anonymous Satoshi Nakamoto. Over the years ...
Bitcoin Price Analysis: BTC/USD bears big bite in late trading, dropping over 4%, eyes on $3000 ...
Bitcoin price pressures continue to the downside, as it drops over 4% in around an hour within late trading on Thursday. BTC/USD bears are gunning ...
Bitcoin Price Significantly Outperforming the S&P 500 in December
Bitcoin underwent an impressive bullish correction after falling almost 85% from its all-time high near $20,000. The price at the beginning of December ...
(+) Komodo (KMD) Climbs 18% After High Blockchain Ranking by Chinese Government
Litecoin Takes to the UFC Octagon in New Sponsorship Deal
The litecoin logo is to take prime place in the Octagon at an Ultimate Fighting Championship event this Saturday.
Bitcoin Exchange Giant Huobi Announces Post-Christmas Layoffs

Chinese mining giant Bitmain Technology and cryptocurrency exchange operator Huobi Group have both announced plans to lay off staff but for different reasons, per reports on the South China Morning Post (SCMP). Bitmain revealed its intention in a statement quoted by the SCMP, calling the layoffs a “minor adjustment” as it restructures to build a

Suspected Electricity Thief Arrested After Mining $3 Million in Bitcoin, Ether
A man in Taiwan has been arrested over claims he mined $3.25 million in cryptos using stolen electricity.
Bitcoin cash [BCH] becomes the top loser; followed by Bitcoin SV [BSV] and Ethereum [ETH]
Bitcoin SV was valued at $90.55, with a market cap of $1.5 billion. The 24-hour trade volume of BSV was $89 million with a fall of 2.42% over the past ...
Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End
In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, said he did not embezzle funds.
ETH/BTC Analysis Dec 27: Ethereum Price Remains Buy on Dips Vs Bitcoin
Ethereum price rallied this past week and broke the 0.0350BTC resistance against bitcoin plus climbed above $150.00 versus the US dollar. ETH/BTC ...
Moved by Censorship, Jordan Peterson Starts Accepting Bitcoin Donations
Controversial psychologist, writer, and public speaker Jordan Peterson is now accepting bitcoin donations on his official website. The decision to ...
Bitcoin Electrum Wallet Attacked: Hacker Steals 200 BTC
An anonymous hacker (or consortium of hackers) have purportedly stolen nearly $1 million worth of Bitcoin (BTC), reports technology media outlet ...
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 27/12/18
A bullish start to the day saw Bitcoin Cash ABC rally to an early morning intraday high $187.02, breaking through the first major resistance level at ...
Bitcoin Price Analysis: BTC Steady, RBI Might Legalize Cryptocurrencies
Bitcoin is especially an innovation borne out of necessity, and ten years later, the asset has been disrupting thanks to its inherent properties as privacy, ...
Google: Gold Searches Spike as Bitcoin Price, Stock Market Weaken
But though bitcoin — this year's crash notwithstanding — ranks as one of the top performing assets of the past several years, it remains firmly in the ...
Bitcoin Miner Raked in $14.5 Million in Crypto Using $3 Million in Stolen Electricity: Police
A bitcoin miner in Taiwan was arrested and charged for mining 100 million yuan (roughly $14.5 million) in crypto using NT$100 million (or $3.2 million) ...
Bitcoin-Supporting Payments Firm Square Named Yahoo Finance's Company of the Year
United States-based Bitcoin (BTC)-supporting payments firm Square has been named Yahoo Finance company of the year, according to a report from ...
2018 Market Summary: Bitcoin Gets into Mainstream, Futures Trading Rises

Bitcoin (BTC) and its unprecedented price rally resulting in an all-time high value of around $20,000 in January 2018, undoubtedly caught the public’s attention. Despite losing around 80 percent of its price afterward, 2018 was the year which saw the blockchain industry boom in a lot of different verticals. 2018 – A Year of Diversity...

(+) Litecoin Price Analysis: Big Bear Drop Eyed Despite UFC Partnership Announcement

The Litecoin price has been pushing lower over the past four sessions now at quite some pace. Market bulls were unable to sustain the upside momentum, which was firmly seen across the board last week. LTC/USD had initially gained a big chunky 66%, before starting to then lose ground and give back some of the

Crypto Markets Trade Flat as Equities Markets Drop Following Yesterday’s Pump

Following the recent period of volatility in the cryptocurrency markets, Bitcoin has found support around $3,800, and has led the overall cryptocurrency markets to trade sideways. The crypto market’s stability over the past couple of days comes amidst major volatility in the traditional equities markets. At the time of writing, Bitcoin is trading up marginally at...

Bitcoin's fall is good for cryptocurrencies
The price of bitcoin is falling and that is a very good thing for the future of cryptocurrencies. People debate over whether cryptocurrency has any value.
Ex Mt. Gox CEO Says He's Not Guilty of Stealing Customers' Bitcoin
Mark Karpelès, the former CEO of defunct Bitcoin exchange platform, Mt. Gox says he is innocent of the charges against him. Meanwhile, prosecutors ...
Don’t Get Excited: Dow Jones Expected to Continue its Decline After Big Rally

On December 26, following Christmas, the Dow Jones recorded a gain of over 1,000 points. But, shortly thereafter, the Dow Jones fell by nearly two percent, unable to recover from a bear market territory. Why Investors Shouldn’t Get Excited Earlier, CCN reported that despite the five percent gain of the Dow Jones, investors in U.S.

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