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Showing posts from June, 2018

Below $0.50: XRP Prices Fall to New 2018 Lows

❏ XRP and other well-known crypto assets are sitting on dangerous grounds as they print new price lows not seen since 2017. ❏ CoinDesk

Startup Raises $600K to Build Bitcoin Cash Mobile Wallet

❏ CoinText.io,a blockchain startup developing a way of conducting offline bitcoin cash transactions, closed a $600,000 seed funding round. ❏ CoinDesk

Polish Bitcoin Association Challenges Banks Over Crypto Account Refusals

❏ An industry group in Poland is attempting to challenge banks that have allegedly denied services for firms working with cryptocurrencies. ❏ CoinDesk

Bitcoin Price Risks Further Drop After Close Below $6K

❏ Bitcoin could drop to fresh 2018 lows below $5,755, having closed below the key support of $6,000 yesterday. ❏ CoinDesk

France Wants to Extradite Alleged Bitcoin Money Launderer

❏ France, joined United States and Russia, is seeking the extradition of the alleged bitcoin money launder Alexander Vinnik. ❏ CoinDesk

Bithumb Claims to Have Retrieved $14 Million in Hacked Cryptos

❏ The Korean exchange says it has clawed back some of the millions lost in a theft of cryptocurrencies including bitcoin, XRP and bitcoin cash. ❏ CoinDesk

Bitcoin Price Defends $6K as Traders Go Long

❏ Bitcoin's technical charts continue to call a drop below $6,000, yet investor activity indicates a corrective rally could be on the cards. ❏ CoinDesk

A Plan to Send Millions in Bitcoin to Venezuela Is Moving Ahead

❏ Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country's ongoing economic crisis. ❏ CoinDesk

Risk Flight? Bitcoin 'Dominance Rate' Hits 9-Week High

❏ Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies. ❏ CoinDesk

Bitcoin Price Risks Another Fall Below $6K, Charts Say

❏ After yesterday's drop, bitcoin could fall below the $6,000 mark, but will likely fare better other cryptocurrencies. ❏ CoinDesk

US State Seeks to Confiscate $24 Million in Dark Web Bitcoin

❏ The crackdown of vendors on darkweb marketplaces lets the U.S. government seize 4,000 bitcoins and now it wants to confiscate all of them. ❏ CoinDesk

Bitcoin Price Building Relief Rally, But Resistance Hurdles Await

❏ Currently trading sideways, bitcoin still looks set for a corrective rally as long as prices remain above $6,000. ❏ CoinDesk

China's Crypto Ratings Index Puts EOS in Top Slot, Drops Bitcoin

❏ China's Global Public Chain Assessment Index has released its second monthly evaluation of blockchain networks – with perhaps surprising results. ❏ CoinDesk

Bitcoin's Defense of $6K Raises Odds of Relief Rally

❏ Bitcoin could trade on a positive note for the rest of the week, if prices close today above Sunday's high of $6,250. ❏ CoinDesk

Bitcoin Miner BTCC to Sell Stake in Pool for $17 Million

❏ BTCC's mining pool has provisionally agreed to sell a large portion of its equity to a Hong Kong-based financial service firm for $17 million. ❏ CoinDesk

Another Bitcoin Miner Maker Is Seeking to Go Public in Hong Kong

❏ Ebang, one of the largest bitcoin mining chip makers from China, has filed for an initial public offering with the Hong Kong Stock Exchange. ❏ CoinDesk

4 Blockchain Entrepreneurs Win $100K Thiel Awards

❏ Entrepreneurs and developers behind four different blockchain startups can add their names to the list of Thiel Fellowship awardees. ❏ CoinDesk

Crypto Trading 101: A Beginner's Guide to Candlesticks

❏ If you have ever been confused by patterns flashing on crypto charts, this crash course on candlesticks will help clear a few things up. ❏ CoinDesk

Mt Gox to Enter Civil Rehabilitation in Major Win for Creditors

❏ Mt. Gox's bankruptcy proceedings have been halted and its bitcoin holdings could soon be distributed to creditors seeking reimbursement. ❏ CoinDesk

Bitcoin Eyes Bear Revival After Key Support Breached

❏ Bitcoin's bears have seized the upper hand and forced a rising wedge breakdown, the technical charts indicate. ❏ CoinDesk

Bitcoin Just Got a Shoutout in a New US Supreme Court Opinion

❏ That's not something you see every day: an opinion from the U.S. Supreme Court that makes a reference to cryptocurrencies. ❏ CoinDesk

$7K Resistance Is Capping Bitcoin's Upside Price Potential

❏ Bitcoin's bulls are struggling to force a rally, despite a still-favorable short-term set-up on the technical charts. ❏ CoinDesk

Amsterdam's Airport Lets Travelers Swap Leftover Euros for Cryptos

❏ Amsterdam's Schiphol airport has launched an ATM that allows departing travelers to exchange their remaining euros for bitcoin or ethereum. ❏ CoinDesk

St Louis Fed Now Tracks Crypto Prices on Its Research Database

❏ The St. Louis Federal Reserve Bank is now tracking the prices of four top cryptos in its economic research database, FRED. ❏ CoinDesk

Robinhood CEO: It's 'Very Foolish' to Rule Out Bitcoin

❏ More than a million people signed up to trade cryptocurrencies after Robinhood first announced the feature, co-CEO Vlad Tenev said Wednesday. ❏ CoinDesk

Bitcoin Retains Short-Term Bull Bias Despite Exchange Hack

❏ Bitcoin remains on the hunt for $7,000 despite news that the a South Korean crypto exchange has been hacked. ❏ CoinDesk

Bitcoin, DLT and Bank Ledgers: A Central Banker's View

❏ The man in charge of China's quest to research and deploy distributed ledgers outlines his view on the breakthroughs of bitcoin and potential of DLT. ❏ CoinDesk

Former Indian Lawmaker Declared 'Offender' in Bitcoin Extortion Case

❏ A former Indian politician allegedly involved in a $1.3 million bitcoin extortion case has been declared a "proclaimed offender" by a local court. ❏ CoinDesk

$7k? Bitcoin Price Looks North After Six-Day High

❏ Despite the bearish chart setup, bitcoin rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map ❏ CoinDesk

Bitcoin Recovery Stalls Raising Risk of Price Drop

❏ Bitcoin will likely drop below $6,000 this week, with bearish indicators still littering short- and long-term charts. ❏ CoinDesk

Montana County Delays Decision on Bitcoin Mining Suspension

❏ A county in the U.S. state of Montana has postponed a decision on whether it should temporarily ban new bitcoin mining projects. ❏ CoinDesk

Bitcoin Price Recovery In Play If Key Support Holds

❏ Bitcoin is still in recovery mode, but the bulls must keep prices above key support to maintain momentum. ❏ CoinDesk

Final Frontier? William Shatner Boldly Goes into Bitcoin Mining

❏ Star Trek actor William Shatner is now representing Solar Alliance in its move to build a solar-powered bitcoin mining facility in Illinois. ❏ CoinDesk

Crypto Tycoons Spar Over Alleged 30,000 Bitcoin Debt

❏ Li Xiaolai, a noted Chinese bitcoin investor, has said he may take legal action against another Chinese entrepreneur over claims about a bitcoin fund. ❏ CoinDesk

Bitcoin Prices Stabilize Above $6K – But Will They Stay?

❏ Bitcoin has made a 6 percent recovery from the 90-day low hit yesterday, but what happens next? ❏ CoinDesk

Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find

❏ A new study by the University of Texas at Austin claims that the Tether stablecoin is used to increase bitcoin's price during market downswings. ❏ CoinDesk

Bitcoin Bulls Eye $6,400 Defense After Four-Month Low

❏ Short-term oversold conditions may give the bulls a brief reprieve, but the bitcoin market is still generally bearish. ❏ CoinDesk

Beyond Bitcoin: Reuters Expands Data Service to Top 100 Cryptos

❏ The Canadian mass media and information giant, Thomas Reuters, is expanding its sentiment analysis to track 100 of the world's top cryptocurrencies. ❏ CoinDesk

Apple Blocks Crypto Mining Apps On Its Products

❏ In a recent update, Apple expanded their initial guidelines on cryptocurrencies to include policies on wallets, mining, exchanges, ICOs, and more. ❏ CoinDesk

Dead Cat Bounce? Bitcoin May Struggle to Hold Above $7K

❏ A corrective rally may lift bitcoin over $7,000, but holding on to gains won't be easy, the technical charts suggest. ❏ CoinDesk

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business

❏ A 50-year-old woman, who traded bitcoin as "Bitcoin Maven," faces 2.5 years in jail for having run an illegal money transmitting business. ❏ CoinDesk

$6K Next? Bitcoin Bear Market Back After 10% Drop

❏ Bitcoin's drop below $7,000 signals a resumption of the sell-off from the record highs in December, according to technical studies. ❏ CoinDesk

Just Diversify? With Crypto Portfolios, It's Not So Simple

❏ It's debatable whether investing in a range of coins limits downside as Markowitz's MPT framework would suggest, but it might help capture upside. ❏ CoinDesk

Bitcoin Price Dips to Two-Month Low Below $7K

❏ The price of bitcoin is now trading at its lowest total since April, hours after dropping roughly $500 according to the CoinDesk Bitcoin Price Index. ❏ CoinDesk

Sex Workers Are Using Crypto to Save for Retirement

❏ Rather than simply an expedient way for porn performers and other sex workers to get paid, crypto has become a part of their retirement savings plan. ❏ CoinDesk

Which Way? Bitcoin's Low Volatility May Force Big Move

❏ Bitcoin could be in for a big move as the daily trading range tightens, but will the bulls or the bears gain the upper hand? ❏ CoinDesk

'Just Beware' Is All Jamie Dimon Will Say About Bitcoin

❏ Jamie Dimon once called bitcoin a fraud – now he's saying "just beware." ❏ CoinDesk

Bullish Signals Hint at Bitcoin Price Breakout

Bullish Signals Hint at Bitcoin Price Breakout ❏ Still stuck in a narrowing price range, BTC could rise to $8,870 if the bulls are able to beat the 50-week moving average resistance. ❏ CoinDesk

VanEck, SolidX Join Forces in New Bid to Launch Bitcoin ETF

VanEck, SolidX Join Forces in New Bid to Launch Bitcoin ETF ❏ VanEck and SolidX have teamed up to list a bitcoin exchange-traded fund, despite regulatory obstacles that stymied prior attempts. ❏ CoinDesk

Binance Coin Hits Record High Against Bitcoin

Binance Coin Hits Record High Against Bitcoin ❏ Binance coin, the token launched by the world's largest cryptocurrency exchange, has hit an all-time high against bitcoin. ❏ CoinDesk

Treading Water: Bitcoin Bulls Await Break Above $7,780

Treading Water: Bitcoin Bulls Await Break Above $7,780 ❏ Still in bearish territory, bitcoin need to clear resistance at $7,780 in order to regain a bullish bias. ❏ CoinDesk

$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner

$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner ❏ Japanese IT giant GMO Internet has revealed prices and specs for its new-from-the-ground-up bitcoin miner – the world's first based on a 7nm chip. ❏ CoinDesk

Magic Number? Chart Data Hints at June 6 Bitcoin Boost

Magic Number? Chart Data Hints at June 6 Bitcoin Boost ❏ A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves. ❏ CoinDesk

Bitcoin's Low Volume Breakout Could Be a Bull Trap

Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap. ❏ CoinDesk

An Upcoming Cryptocurrency Is Trialling a Trio of Bitcoin Tech Advances

As grin inches toward launch, the team is incorporating three bold scalability and privacy technologies originally created for bitcoin. ❏ CoinDesk

How Hodl Hodl Is Building a Real Business With Bitcoin Smart Contracts

In an era where many startups are taking more complex transactions to other blockchains, Hodl Hodl is focused on making them work on the bitcoin. ❏ CoinDesk

GMO Launches Mobile App That Lets Gamers Earn Bitcoin

Japan's GMO Internet Group has developed a new mobile app that aims to introduce the public to bitcoin simply by playing games. ❏ CoinDesk

This Long-Term Indicator Could Complicate Bitcoin's Price Recovery

A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin's price. ❏ CoinDesk

Bitmain's New AntMiner Is Drawing Criticism From Early Chinese Users

Bitmain has been criticized over one of its mining products, the AntMiner B3, with users making allegations about its marketing and quality control. ❏ CoinDesk