A new partnership between a development bank, a nongovernmental organization (NGO) and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires. IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced they had...Read More
Bitcoin price climbed higher sharply above $10,200 and gained around 5% against the US Dollar.The price is clearly struggling to gain strength above the key $10,500 resistance area.There was a break above a key bearish trend line with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is...Read More
The total crypto market cap lost $3.3 billion of its value during the last seven days and now stands at $269.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Ripple (XRP) being the worst performers with 6.4 and 3.5 percent of loses respectively. By the time...Read More
Volatility is back. In the past hour, Bitcoin (BTC) bulls have returned in full force, pushing the cryptocurrency from $10,100 to $10,600 in a matter of minutes.As of the time of writing this, the cryptocurrency is up 5%, trading around $10,550. This unexpected move comes to the upside shortly after the mediocre weekly candle close.This...Read More
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In case you missed it, a new self-proclaimed Satoshi Nakamoto came out of the woodwork last...Read More
Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams. Earlier this month, legal requirements for crypto-related business tightened in the country, when Brazil’s tax authority, the Department of Federal Revenue (RFB), introduced strict reporting requirements for crypto transactions. Police search Grupo Bitcoin Banco with alleged excessive force The Military...Read More
Over the past couple of days Bitcoin has found itself caught within a relatively tight trading range and has continued to find strong support around $10,000. Although some analysts have claimed that this support level is wearing thin, BTC has yet to post a decisive break below this level in recent times.Now, multiple analysts are...Read More
Bitcoin has quite evidently dominated the ecosystem since the time of its origin. Bitcoin’s dominance and popularity in the financial world have quite often resulted in the community debating about altcoins. Several times strong correlations between the two have been witnessed. However, in a recent discussion by CNBC, early Bitcoin investor Charlie Shrem was asked if...Read More
Japan is a friendly jurisdiction for cryptocurrency trading and development, having eliminated the consumption tax on Bitcoin (BTC) trading in 2017, after which it recognized the coin as legal tender. This week in Japan, a crypto exchange that was hacked earlier this year has closed its doors, while the central bank has come out as...Read More
By CCN Markets: Let’s face it, VR is dank. The only significant barrier for most gamers is the cost. Cost doesn’t so much mean the $400 entry-level price tag for Oculus VR gaming, but rather the average $800-$1,000 minimum for a VR-capable gaming desktop. If you want a laptop, expect to pay substantially more. If...Read More
Over the years many people have speculated on what the price of 1 BTC could be if the world switched to Bitcoin. If a large amount of global wealth moves into Bitcoin, the price would skyrocket. Here are some cocktail napkin calculations performed by community members, trying to figure out how far past the moon...Read More
As Bitcoin bulls have failed to maintain the momentum seen from April to late-June, fear has started to grip the cryptocurrency market.Related Reading: Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further UpsideAnalysts are starting to suspect that BTC has further downside, despite the fact that it has already collapsed 35% from its year-to-date...Read More
By CCN Markets: A shellshocked stock market is bracing for impact on Monday as the White House and Beijing exchange rhetoric for actions amid a rapidly-escalating trade war. Dow futures point to a vicious decline when the opening bell rings tomorrow morning. Dow Futures Plummet 350 Points Futures tracking all of the US stock market’s...Read More
Overstock was one of the first major companies that expressed extreme interest in utilizing and adopting crypto – an interest that stemmed primarily from its previous CEO’s openness to the technology.Now that the company’s previous CEO – Patrick Byrne – has resigned due to controversy surrounding comments he made about his involvement in a multitude...Read More
<div innerhtml=" With the equity markets roiling of late, Bitcoin’s been surprisingly quiet. But the cryptocurrency looks ripe for a breakout soon – one that could vault it toward the all-time highs – or sending it tumbling down to long-term support. Since late June, Bitcoin’s meandered between the recent peak around $13,850 and recent low around $9,150...Read More
Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. Meetings with multiple agencies According to an official statement from Representative Maxine Waters, members of the U.S. House of Representatives Financial Services Committee met with multiple regulatory agencies and lawmakers. These...Read More
Bitcoin’s raison d’etre has often been questioned as some consider it a peer-to-peer currency while others look at it as a store of value. The list did not end there as the community now debates if Bitcoin is currently a “safe haven” or a hedge. Bitcoin’s role as a hedge against the potential financial crisis...Read More
Thai financial watchdog, the Securities and Exchange Commission (SEC), recently warned the public about a new form of investing scam, in which a bogus entity, masquerading as a regulated legal digital currency trading firm solicits traders into investing with it. This, according to a report by the Bangkok Post, August 25, 2019. Crypto Criminals As...Read More
The U.S. Treasury Department is stepping up its focus on illegal cryptocurrency-related activities. Recently, Treasury announced that its financial intelligence and enforcement agencies are collecting and analyzing Bitcoin addresses. These addresses are associated with several “Chinese kingpins” allegedly involved in “fueling America’s deadly opioid crisis.” OFAC Adds BTC Addresses to the Specially Designated Nationals list...Read More
Bitcoin has undoubtedly had a stellar 2019 so far. Year to date, the cryptocurrency has gained some 200%, rallying from around $3,500 to $10,000.Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTCWhile this market’s whales have undoubtedly benefited from this performance, data suggests that a good majority of BTC users are...Read More
By CCN Markets: The bitcoin price has declined by more than 8 percent in the past week from $10.950 to $10,030 across major exchanges like Bitstamp and Coinbase. The bitcoin price remains stable throughout the weekend. | Source: Coinmarketcap The bitcoin price tried to test the $10,900 to $11,000 range that has acted as a...Read More
The G7 summit is being held this weekend, with several weighty issues to be discussed by some of the most powerful leaders on the planet. Rumour has it that Bitcoin may also feature on the bill. Bitcoin Price: Short-Term, It’s Anyone’s Guess It’s been another one of those weeks for bitcoin price, with not much serious movement...Read More
By CCN Markets: One of the reasons governments have been against the adoption of bitcoin is because of its potential to be misused for illegal activities such as money laundering, and the latest report from Los Angeles, California, will give the detractors more fodder. A Los Angeles man has agreed to plead guilty to running...Read More
Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports. Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has...Read More
Just a week after the bitcoin genesis block in January 2009, computer scientist Hal Finney published a price prediction model of $10,000,000 per coin based on it becoming the world’s dominant payments system. Ten Million Dollars Per Bitcoin The assumption was based on the premise that bitcoin would eventually become the world’s dominant currency. He...Read More
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Facebook’s Libra continues to face resistance as central...Read More
In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range.Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTCBut a model from PlanB suggests that should history repeat itself,...Read More
United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on Aug. 15: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight...Read More
It has been made clear that the current POTUS is not a fan of Bitcoin however his tenure will not be forever. A pro-crypto United States president would likely ease the regulatory pain that is hampering the industry in the US. One may even take a step further by giving away BTC. Monthly Payouts in...Read More
Donald Trump’s is pressuring Chinese companies to leave China, a move that could have a significant impact on the stock market. | Source: AP Photo/Jacquelyn Martin By CCN Markets: After a vicious, Donald Trump-inspired sell-off on Friday, stock market bulls saw their hopes of a weekly gain evaporate in a matter of minutes. This coming...Read More