When a government decides to restrict what people can do with their own money, there is usually some backlash. Argentina is doing exactly that to prevent capital flight as the local currency crashes. The move is likely to encourage more people to use Bitcoin to circumvent the restrictions as they have done in other nations.Central...Read More
Thailand’s biggest crypto exchange, BX Thailand, announced it was ceasing services at the end of the month. | Source: Shutterstock By CCN Markets: BX Thailand, also known as BX.in.th and Bitcoin Co. Ltd., the largest bitcoin exchange in Thailand according to data published by CoinGecko, has announced it is shutting down its cryptocurrency trading platform...Read More
Self-proclaimed creator of Bitcoin (BTC) Craig Wright wants to challenge a recent court order requiring him to pay 500,000 Bitcoins to the Kleiman estate. Reinhardt did not have power to enter the order, Wright says On Aug. 30, Wright’s attorney Andres Rivero filed a document with the United States District Court for the Southern District...Read More
Cryptocurrency exchange Binance has launched not one, but two test platforms for its planned crypto futures products. Dubbed Futures A and Futures B, the new testnets are now open to users for testing, with new competitions to encourage traders to get involved. On Monday, Binance announced on its website that users will be able to vote...Read More
The Eurozone’s biggest economy is in decline and the reported stimulus is likely to prove inadequate. | Source: AP Photo/Richard Drew By CCN Markets: Economists expected Germany, the biggest economy in the eurozone, to introduce crucial stimuli to boost the eurozone economy that could shift the sentiment of the European equities and the wider stock...Read More
Bitcoin.com has announced the launch of its long-rumoured cryptocurrency exchange today. To distinguish itself in an already crowded marketplace, it is offering promotional deals such as negative 0.3 percent trading fees. Bitcoin.com – A Trusted Brand? Bitcoin.com had been working on the cryptocurrency exchange project for the past year. Managing director of the exchange, Danish...Read More
There has been very little activity on crypto markets over the weekend. Since its big dump last week, Bitcoin price has recovered a little but remains rooted below five figures at the moment. Longer-term technical indicators are mounting up and they are mostly bearish. Lowest Daily Bitcoin Volume For Five Months Bitcoin spent most of...Read More
Bitcoin broke over the weekend,indecisive in making any moves after trading flatly. | Source: Shutterstock By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for BTC....Read More
Bitcoin broke over the weekend,indecisive in making any moves after trading flatly. | Source: Shutterstock By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for BTC....Read More
The German-speaking world continues to keep up a fast pace in regard to cryptocurrencies and blockchain implementation. Among other stories during the past week: the Cabinet of Germany and Deutsche Bundesbank are working closely on issues related to central bank digital currencies, the Swiss Federal Council expressed its official opinion on Facebook’s Libra, Bitwala launched...Read More
Bitcoin price is currently correcting higher and is trading above $9,650 against the US Dollar.The price is struggling to break the $9,800 and $9,880 resistance levels.There is a major bearish trend line forming with resistance near $9,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could only turn bullish after...Read More
Earlier today, prominent Thailand-based cryptocurrency exchange BX Thailand, abruptly announced that it would no longer function. The exchange was operated by Thai company, Bitcoin Co.Ltd and has been functioning for the last five years. The exchange’s website further revealed that it would not possess an SEC issued Digital Asset Exchange license for the next year that...Read More
After dropping by over $1,000 in a single day last week, Bitcoin has been trading sideways around the $9,500 range this weekend. The past couple hours have been exciting for the market though, because the Bitcoin price broke upwards and tested $9,800. It’s clear that the market will test the $10,000 level once again, as...Read More
Sunday, Sept. 30 — Markets are trading sideways today, with gains and losses among the top five cryptocurrencies not exceeding 4%. Market visualization. Source: Coin360 The Bitcoin (BTC) price has spiked slightly after trading close to $9,600 for most of the day. At press time the coin is trading at $9,799, up 1.72% on the...Read More
September 2, 2019 4 Views Here’s what happened this week in Bitcoin. The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer...Read More
<div innerhtml=" Bitcoin developers have been trying to make the world’s most popular cryptocurrency more useful for payments, with the somewhat controversial Lightning Network one of the most popular projects. However, serious security vulnerabilities have this week been discovered on the bitcoin Lightning Network, which could result in users losing their bitcoin if nodes are...Read More
The first birth certificates to be recorded by exclusively using blockchain technology were issued in Brazil. As Cointelegraph Brasil reports on Sept. 1, Álvaro de Medeiros Mendonça is one of the first children in the country to have their birth certificate recorded only with blockchain technology, without the need of the registry office. Streamlining registration...Read More
The era of virtual currency emerged in 2009 when Bitcoin was introduced. The virtual asset was overlooked in its initial years, with very few believing its potential to replace the current monetary system. One of those few individuals who believed in Bitcoin from the very beginning was Max Keiser. In a recent segment of the...Read More
Few hours ago, in a tweet, acclaimed trader and analyst Peter Brandt hinted at bitcoin ‘possibly’ entering the next leg of its next/ fourth parabolic price rally. But, what really is his claim based on? Retweeting a tweet from Raoul Pal, Founder/CEO – Global Macro Investor and Real Vision Group, Peter shared a BTC/USD chart...Read More
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Sudden slump sees Bitcoin lose support for five figures After...Read More
CNBC’s Joshua Brown sarcastically compared bitcoin to the Beanie Babies bubble and completely missed the point about cryptocurrency. | Source: Shutterstock; Edited by CCN By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of...Read More
The municipal government of São Paulo, Brazil, is going to use a blockchain registry for its public works projects. The Municipal Secretariat of Urban Infrastructure and Works contracted blockchain firm Construtivo to implement a blockchain solution for city hall, Cointelegraph Brasil reports on Sept. 1. Better transparency after past inefficiencies The city has decided to...Read More
The government of Argentina has imposed capital controls on its citizens in a response to growing financial issues for the country. The South American country has limited dollar purchases to only $10k per month after $3 billion was drained out of their foreign currency reserves on Thursday and Friday alone. Is it time to switch...Read More
The value proposition of Bitcoin has long been questioned by its cynics.Unlike traditional assets, the cryptocurrency doesn’t generate cash flow, pay out dividends, produce a fixed yield, or have a maturity date. And unlike recognized forms of money, Bitcoin isn’t backed by the power of a government or some asset, like gold.But, Bitcoin’s underlying value...Read More
Global negative-yielding debt is now over $17 trillion, making investors extremely nervous. And it is forcing them to focus on non-traditional assets, like bitcoin. Investing in Debt and Holding it to Maturity Guarantees a Loss Investors are becoming increasingly fearful as they see that the soaring negative-yielding debt is altering the global economy. According to...Read More
Philippine boxing champion and celebrity Manny Pacquiao has launched his own cryptocurrency. On Sept. 1, the South China Morning Post reported that the Filipino boxer turned politician and singer launched his own token with the financial support of private investors such as ex-Liverpool and England soccer star Michael Owen and Sheikh Khaled bin Zayed al-Nahyan,...Read More
‘HODL’ is a fairly commonly used term in the virtual asset space and it is regularly used, referencing Bitcoin whenever a financial discussion is initiated between investors or traders. A certain group of people believes ‘hodling’ Bitcoin is still lucrative at present day, but a majority of users idolize hodling as a thing of the...Read More
Over the past few months, analysts across the board — from Bitcoin (BTC) lovers to Wall Street’s bulls — have been charting an impending recession.This has left many investors with one pressing question: what should they buy to hedge their risk?According to one prominent economist and former Wall Streeter, Bitcoin is one of the leading...Read More
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Sudden slump sees Bitcoin lose support for five figures After...Read More
In the crypto space in Asia last week, new data concerning Bitcoin (BTC) use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services Agency (FSA) is undertaking new regulatory actions. Here is the past week of crypto and blockchain news in review,...Read More
