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Showing posts from August, 2018

Eminem's Latest Album 'Kamikaze' Features a Bitcoin Shout-Out

❏ The rapper Eminem has given bitcoin's public awareness a boost with a mention of the cryptocurrency on his just-launched album "Kamikaze." ❏ CoinDesk

Bitcoin Lost 10% in August But May Have Made Long-Term Bottom

❏ Bitcoin is reporting a monthly loss for August, but its quick recovery from lows below $6,000 likely indicates a long-term bottom has been made. ❏ CoinDesk

Rakuten Is About to Buy a Bitcoin Exchange for $2.4 Million

❏ Japanese e-commerce giant Rakuten is planning another step into the cryptocurrency industry with the acquisition of a local bitcoin exchange. ❏ CoinDesk

ICO Advisor Satis Claims $96K Bitcoin Price Possible in 5 Years

❏ An ICO advisory firm believes bitcoin's price might jump to $96,000 in the next five years, according to a new analysis of the crypto market. ❏ CoinDesk

Bitcoin's Price Pullback Risks Bear Revival Below $6.9K

❏ The bullish mood in the bitcoin market could turn sour if the cryptocurrency finds acceptance below the 100-day moving average. ❏ CoinDesk

Cautiously Bullish: Bitcoin Price Faces Key Hurdle Above $7.1K

❏ Bitcoin may not cross the immediate resistance at $7,180 in the next 24 hours as the rally is looking overstretched on the short duration charts. ❏ CoinDesk

Above $7K: Bitcoin Price Pushes Higher In Break Past Resistance

❏ Bitcoin has broken the $7,000 psychological resistance level after climbing out of a 20-day channel between $5,873 and $6,800. ❏ CoinDesk

Upside Calling? Bearish Bets on Bitcoin Futures Hit Record Low

❏ The bearish bets in bitcoin futures market fell to lifetime lows last week, strengthening the bullish case put forward by the technical charts. ❏ CoinDesk

Who Needs a Bitcoin ETF? Crypto Scoffs at SEC Rejections

❏ Over the past two days, the narrative on bitcoin exchange traded funds in the United States has felt like a rollercoaster. ❏ CoinDesk

What an SEC Bitcoin ETF Rejection Review Really Means

❏ The SEC announced yesterday nine bitcoin ETF disapproval orders are to be stayed until further review but what does that mean exactly? ❏ CoinDesk

Bitcoin Price Could End Day With Tightest Trading Range of 2018

❏ Bitcoin's daily price volatility has hit an 11-month low, opening doors for a big move, possibly on the higher side. ❏ CoinDesk

Mt Gox's Bitcoin Creditors Can Now File for Rehabilitation Claims

❏ Creditors of the defunct bitcoin exchange Mt. Gox can now start to submit proofs for claiming refunds in the exchange's rehabilitation process. ❏ CoinDesk

Bitcoin's Price Builds Bottom As Upward Pressure Grows

❏ Bitcoin charts continue to call a bullish move at a time when the short positions are near record highs. ❏ CoinDesk

A Fight Is Breaking Out Over Bitcoin Cash – And It Just Might Split the Code

❏ Bitcoin cash devs are fighting over what code changes to make next. If no one compromises, hard-forked coin could itself split into two. ❏ CoinDesk

Before Bitcoin ETFs Pass, A Clear Crypto Narrative Is Needed

❏ Bitcoin ETFs are continuing to be rejected by regulators, but time may be on the side of innovators. ❏ CoinDesk

SEC Says It Will 'Review' Bitcoin ETF Rejections

❏ The U.S. Securities and Exchange Commission has said it will review the disapproval orders for nine bitcoin ETFs issued on Wednesday. ❏ CoinDesk

Bitcoin Wallet Provider Receives E-Money License From UK Regulator

❏ Wirex, a bitcoin wallet and payment card provider, has become the third crypto company to receive an e-money license from U.K. financial regulators. ❏ CoinDesk

Bitcoin Price Defends Key Support Despite ETF Rejection

❏ Bitcoin's defense of the key support at $6,230 despite bad news has left the doors open for a rally to recent highs above $6,800. ❏ CoinDesk

SEC Rejects 9 Bitcoin ETF Proposals

❏ The Securities and Exchange Commission (SEC) has issued rejections to bitcoin exchange-traded fund (ETFs) proposals from ProShares, GraniteShares and Direxion. ❏ CoinDesk

FTC Issues Warning on Bitcoin Blackmail Scams

❏ The U.S. Federal Trade Commission (FTC) is warning consumers warns about a new type of bitcoin scam aimed at blackmailing men. ❏ CoinDesk

Analyst Questions Bitmain's Revenue as Crypto Miner Seeks IPO

❏ Crypto mining giant Bitmain may be losing its advantage in developing miners amid other potential cash-flow issues, according to Alliance Bernstein. ❏ CoinDesk

After Bitcoin Price Breakout, Pending ETF Decision May Cap Gains

❏ The uncertainty surrounding the US SEC's decision on bitcoin ETF could limit the upside in bitcoin despite the bullish technical breakout ❏ CoinDesk

When Capitulation? 3 Ways Bitcoin's Bear Market Might End

❏ The price of bitcoin is down over 60 percent from its all-time-high so we've taken a look into how and when this bear market could end. ❏ CoinDesk

Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High

❏ Bitcoin, the world's largest cryptocurrency by market capitalization has jumped 6.6 percent in quick succession pushing prices well above $6,600. ❏ CoinDesk

Bets Against Bitcoin's Price Are Nearing Record Highs

❏ BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set. ❏ CoinDesk

eToro to Pay for Major UK Soccer Sponsorship Deal With Bitcoin

❏ Online investment platform eToro has inked a deal that will see it use bitcoin to pay for sponsorship at seven Premier League soccer teams. ❏ CoinDesk

Rally Ahead? Bitcoin's Price May Be Charting a Previous Bull Pattern

❏ Bitcoin is mimicking the price action witnessed in early April, which indicates the corrective rally could gather pace in the next few days. ❏ CoinDesk

The SEC Is Weighing a Bitcoin Futures ETF – Here's What That Means

❏ The distinction between a physical and futures-backed ETF is worth unpacking given that one may or may not have a better shot at SEC approval. ❏ CoinDesk

Bakkt CEO: Crypto Trading Platform Won't Support Margin Trading

❏ Two weeks after ICE introduced Bakkt, a new digital assets platform, the latter's CEO has set out to explain what the service will offer consumers. ❏ CoinDesk

SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision

❏ The SEC will approve or disapprove a rule change proposal to list the ProShares Bitcoin ETFs sometime this week. ❏ CoinDesk

Bitcoin's Lightning Network Is Getting Its Own Hacker Camp

❏ Chaincode is launching a new "residency" in New York that will focus on helping developers build their own Lightning Network apps ❏ CoinDesk

Bitcoin Awaits Decisive Move as Price Range Tightens

❏ Bitcoin's corrective rally from the recent low of $5,859 would resume on bull pennant breakout. ❏ CoinDesk

21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

❏ A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin. ❏ CoinDesk

Police Arrest Hackers Alleged in $87 Million Crypto Theft

❏ Chinese police have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around 600 million yuan, or $87 million.  ❏ CoinDesk

3 Charts Suggest Bitcoin Prices Could Be Headed Higher

❏ The technical charts continue to call a rally to $7K despite bitcoin showing signs of exhaustion around $6,500. ❏ CoinDesk

What ETF? There's a Wall Street Stock That's Already Tracking Bitcoin

❏ A publicly traded stock is tracking the price of bitcoin, a correlation that appears to have played out over a period of years. ❏ CoinDesk

UK Crypto Futures Exchange Adds Bitcoin Cash Contract

❏ U.K.-based cryptocurrency futures exchange Crypto Facilities is adding a bitcoin cash product to its offerings. ❏ CoinDesk

Coinbase Wins Patent for Secure Bitcoin Payments System

❏ Coinbase is looking into creating more secure digital payment platforms to help merchants accept bitcoin, a patent filing reveals. ❏ CoinDesk

Genesis Mining to End Unprofitable Crypto Contracts

❏ Cloud mining service Genesis Mining is forcing some clients to upgrade to a five-year subscription or else lose services, it announced Thursday.  ❏ CoinDesk

$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

❏ A move past a key resistance at $6,675 would confirm a short-term bearish-to-bullish trend change in bitcoin. ❏ CoinDesk

Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

❏ The cryptocurrency market flashed green Wednesday following a major downturn. ❏ CoinDesk

Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

❏ Bitcoin looks to have fought off recent bear attacks that saw prices landing just above the yearly low of $5,755. ❏ CoinDesk

Prime Trust Enters Crypto Custody Race, Will Hold 'Any' Ethereum Token

❏ Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard. ❏ CoinDesk

Bitcoin's Taproot Privacy Tech Is Ready – But One Thing's Standing In The Way

❏ Bitcoin could get better privacy with Taproot, but there's one big obstacle - it can't be deployed until another technology goes through. ❏ CoinDesk

The Code for an Anonymous Lightning Network is Now Live

❏ A private version of the crypto protocol lightning network is headed to zcash, with the potential it could be added for other blockchains soon. ❏ CoinDesk

Pot Publication High Times Now Says It Won't Accept Bitcoin in IPO

❏ High Times, which announced last week that it would accept bitcoin and ether for its coming IPO, said in an SEC filing Monday that this was an "error." ❏ CoinDesk

Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

❏ Bitcoin risks printing fresh 2018 low below the June low of $5,755, but will likely defend the support at $5,650 in the short-run. ❏ CoinDesk

Square Expands Cash App Bitcoin Service to All 50 US States

❏ Residents in all 50 U.S. states can now use Square's Cash App to buy and sell bitcoin, the company has announced. ❏ CoinDesk

A New Way to Compare Bitcoin Cash to Bitcoin

❏ Obviously a coin's price matters, but it's only one of several measures of a blockchain's value. Looking at them together gives you a fuller picture. ❏ CoinDesk

You Can Now Get Paid (A Little) For Using Bitcoin's Lightning Network

❏ Lightning nodes are making money – albeit not much – displaying the potential for a growing fee market on the layer two tech. ❏ CoinDesk

Bitcoin's Price Falls Below $6K to Near 2018 Low

❏ Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low. ❏ CoinDesk

Below $200 Billion: Crypto Market Sinks to New 2018 Low

❏ Falling prices have sent the total market capitalization of all cryptocurrencies below $200 billion. ❏ CoinDesk

Bitcoin Price Hits 7-Month High Against Turkish Lira

❏ Turkey's economic crisis looks to have boosted bitcoin's appeal as a safe-haven asset, pushing it to seven-month highs against the lira. ❏ CoinDesk

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

❏ A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom. ❏ CoinDesk

Bitcoin Price Move Past $6.5K Would Boost Upside Potential

❏ Bitcoin's corrective rally could gather steam above the key descending trendline hurdle of $6,480. ❏ CoinDesk

Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

❏ A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand. ❏ CoinDesk

How Crypto Reacted to This Week's SEC Bitcoin ETF Delay

❏ While the market didn't like the SEC's bitcoin ETF delay decision, observers on social media weren't surprised at all. ❏ CoinDesk

At Bitcoin Cash Birthday Bash, Crypto Embraces the Strange

❏ A gathering in London saw the cryptocurrency community cavort with cross-dressers and samurai dwarves, all in the name of history. ❏ CoinDesk

Crypto Trading 101: How to Read an Exchange Order Book

❏ If you want to get a behind-the-scenes look at your favorite cryptocurrency's price action, the order book will be your best friend. ❏ CoinDesk

Bitcoin Dominance Rate Hits 50% For First Time in 2018

❏ Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization. ❏ CoinDesk

Volumes Surge on Turkey's Crypto Exchanges as Lira Tanks

❏ Trading volume on Turkey's cryptocurrency exchanges surged Friday as the country's fiat currency plunged to record lows on economic jitters. ❏ CoinDesk

Early Crypto Adopter Dish Network Now Accepts Bitcoin Cash

❏ Pay TV provider Dish Network, one of the first big firms to accept bitcoin payments, has announced it now also accepts bitcoin cash. ❏ CoinDesk

Honeyminer Signs Up 50K Users for Easy Crypto Mining App

❏ Crypto newbies from around the world are now using their old laptops to earn bitcoin, according to statistics from the firm. ❏ CoinDesk

Today's Close Could be Pivotal for Bitcoin's Price

❏ The bitcoin market has turned indecisive in the last 24 hours and today's UTC close is expected to set the tone for the next move in prices. ❏ CoinDesk

Bitcoin's Open Secret: Lightning Is Making Better Online Payments Possible

❏ An influx of lightning apps are mostly silly, but they demo a serious point: the tech enables bitcoin to compete with traditional payment rails. ❏ CoinDesk

Bulls Get Relief as Bitcoin Price Beats $6.5K Resistance

❏ Bitcoin's price rose above $6,500 today, offering some respite for the badly battered bulls. ❏ CoinDesk

Google Search Can Predict Bitcoin Price Increases, Study Finds

❏ A study published by the National Bureau of Economic Research suggests that cryptocurrency markets do not behave like traditional financial ones. ❏ CoinDesk

Court Sides With Crypto Exchange Despite Allegation It Violated China Ban

❏ A Chinese cryptocurrency trader who was sent bitcoin in error must repay an exchange even if it broke domestic rules, a Beijing court has ruled. ❏ CoinDesk

Bitcoin Price Looks to Defend $6K as Sell-Off Slows

❏ Bitcoin could defend the support at $6,000 as the cryptocurrency is closing on oversold conditions as per the technical charts. ❏ CoinDesk

Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

❏ California-based business and financial software company Intuit has been awarded a patent for processing bitcoin payments via text message. ❏ CoinDesk

The SEC Will Decide on 9 Bitcoin ETFs in the Next 2 Months

❏ The SEC is set to make final decisions on nine proposed bitcoin exchange-traded fund (ETF) in the next two months. ❏ CoinDesk

$30 Billion Lost: 4 Stats That Show a Crypto Market in Decline

❏ Wednesday was a tough day for the cryptocurrency market at large, as several data points collected by CoinDesk illustrate. ❏ CoinDesk

ShapeShift Acquires Tool That Quickly Swaps Bitcoin for Other Cryptos

❏ Cryptocurrency asset company ShapeShift has acquired blockchain startup Bitfract, the firms announced Wednesday. ❏ CoinDesk

The Crypto Market Just Hit a New Low for 2018

❏ Cryptocurrency investors continue to turn risk averse as the total cryptocurrency market capitalization sinks to a new annual low. ❏ CoinDesk

Bitcoin Outlook Sours As Price Sheds 70% of Recent Rally

❏ Bitcoin's price has surrendered more than 70 percent of the rally seen in July, putting the bears in a more commanding position. ❏ CoinDesk

Code as a Weapon: Amir Taaki Wants You to Join the Real Crypto Revolution

❏ Infamous developer Amir Taaki believes bitcoin's potential is exhausted, but he's not giving up the fight to change the world with cryptocurrency. ❏ CoinDesk

DEA Agent: Speculators Are Using Bitcoin More Than Criminals

❏ Criminals were behind 90 percent of all cryptocurrency transactions five years ago – not anymore according to a DEA agent. ❏ CoinDesk

SEC Delays VanEck-SolidX Bitcoin ETF Decision to September

❏ The U.S. SEC has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month. ❏ CoinDesk

Here's the Bitcoin ETF Presentation Given to the SEC Last Week

❏ SEC officials huddled with stakeholders last week on a proposed bitcoin ETF. ❏ CoinDesk

Bitcoin Price Eyes $7.4K After Defense of Key Support

❏ Bitcoin solid defense of the key 50-day moving average support may have opened the doors for a minor corrective rally. ❏ CoinDesk

For Wall Street, Bitcoin ETF Decision Could Answer '$1 Billion' Question

❏ CoinDesk talks to Wall Street analysts ahead of a decision that could find regulators approving the first exchange-traded fund for cryptocurrency. ❏ CoinDesk

LedgerX Claims 'Record' July for Bitcoin Options Trading

❏ Bitcoin derivatives trading provider LedgerX says it saw a "record" amount of trading volume over the last two months. ❏ CoinDesk

Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019

❏ A long-awaited approval on a bitcoin exchange-traded fund (ETF) may not come until 2019. ❏ CoinDesk

Goldman Sachs Is Reportedly Weighing a Crypto Custody Service

❏ Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report. ❏ CoinDesk

Bitmain Confirms New Crypto Mining Facility in Texas

❏ Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year. ❏ CoinDesk

Below $7K: Bitcoin Price Looks Indecisive After 19-Day Low

❏ Bitcoin's price dropped to 19-day lows below $7,000 and created a doji candle on Sunday, signaling indecision in the marketplace. ❏ CoinDesk

Don't Expect New Bitcoin Highs in 2018

❏ While bullish on bitcoin's long-term prospects, an economist and investor heeds caution for more short-term price optimism. ❏ CoinDesk

NYSE Parent ICE's New Futures Contract Will Deliver Real Bitcoin

❏ Intercontinental Exchange, owner of the New York Stock Exchange, says it plans to launch a digital assets platform and bitcoin futures product. ❏ CoinDesk

Bitcoin Eyes Short-Term Bear Market After Two-Week Lows

❏ Bitcoin has retraced 40 percent of the rally from the June low of $5,755, signaling a short-term bullish-to-bearish trend change. ❏ CoinDesk

OKEx Confirms $9M Clawback After 'Enormous' Bitcoin Futures Position Fails

❏ After a user made an "enormous" gamble on bitcoin futures, and lost, OKEx said it is having to claw back millions from other traders. ❏ CoinDesk

Mt Gox Creditors Are Already Making Plans to Claim for Bitcoin Repayments

❏ A group of creditors of the now defunct bitcoin exchange Mt. Gox are already making plans for bitcoin repayments in the civil rehabilitation pr ❏ CoinDesk

Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade

❏ Inconsistency in the way data providers count trades across exchanges has overstated the yen's importance as a trading pair, CoinDesk research finds. ❏ CoinDesk

UBS: Bitcoin Is Too "Unstable and Limited" to Function as Money

❏ UBS doesn't believe bitcoin constitutes money or a viable asset class yet, but it could in the future. ❏ CoinDesk

A New Bitcoin Mining Calculator Aims to Tell 'Truth' on Profitability

❏ A new type of profitability calculator has been released – and it brings bad news for many miners. ❏ CoinDesk

Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering

❏ A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto. ❏ CoinDesk

Bitcoin Bulls Defend $7,450 But Need Progress Soon

❏ Bitcoin needs to capitalize on the defense of a key Fibonacci support of $7,450 to avoid further decline towards the $7,000 mark. ❏ CoinDesk

Square Sees Bitcoin Sales Profits Double in Q2

❏ Mobile payment firm Square said it has made $37 million in revenue in the second quarter that was generated by its offering of bitcoin purchases.  ❏ CoinDesk

Bitcoin's Price Snaps Longest Monthly Losing Streak Since 2016

❏ Bitcoin's price rallied 21 percent over the course of July, snapping its first two-month losing streak since 2016. ❏ CoinDesk

Bitcoin's Price Eyes Consolidation After 11% Decline

❏ Bitcoin's price could trade in a narrow range in the next 24 hours, courtesy of oversold conditions reported by short duration technical charts. ❏ CoinDesk

The SEC's Hester Peirce Isn't a Bitcoin Champion, Just a Regulatory Realist

❏ Regulators like the SEC shouldn't be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce. ❏ CoinDesk

Bitcoin Drifts Down as Price Breaks Below Key $7.8K Support

❏ Bitcoin has broken the key support level at $7,800 as the bears take back full control of the market during an exhaustive sell-off. ❏ CoinDesk

One Year Later, A Wave of Apps Is Emerging on Bitcoin Cash

❏ Now a year old, bitcoin cash is carving out a unique niche for itself with new applications. ❏ CoinDesk

Stellar Month: July's Top Performing Crypto Asset Saw 40% Gains

❏ Stellar (XLM) was the best performing cryptocurrency amongst the 25 largest cryptocurrencies by market capitalization during the month of July. ❏ CoinDesk