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Showing posts from October, 2019

SEC, CFTC Charge XBT Corp. With Selling Unregistered Swaps for Bitcoin

❏ The SEC and CFTC have settled charges with XBT Corp. after alleging the company sold unregistered security-based swaps for bitcoin. ❏ CoinDesk

Longtime Bitcoin Advocate Launches Broker-Dealer for Crypto Firms

❏ Longtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital. ❏ CoinDesk

Bitcoin May See November Price Boost With Halving Due in Six Months

❏ Bitcoin looks likely to see price gains next month as the effects of the May 2020 mining reward halving start to kick in. ❏ CoinDesk

Bitcoin Dissident Sees Dark Warnings in China’s Blockchain Push

❏ Grave concerns about the evolution of blockchain technology from someone who lived in China and used bitcoin for its censorship-resistant value. ❏ CoinDesk

Bitcoin’s White Paper Turns 11 as Network Passes Milestones

❏ Happy birthday, bitcoin. ❏ CoinDesk

Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange

❏ Canadian investment fund manager 3iQ plans to launch a closed-end bitcoin fund on the Ontario Stock Exchange later this quarter. ❏ CoinDesk

CME Reveals Details of Upcoming Bitcoin Options Contracts

❏ CME Group revealed the product specifications for its bitcoin options contracts on Wednesday, targeting a 2020 launch. ❏ CoinDesk

Bitcoin Just Hit $1 Billion in All-Time Transaction Fees

❏ On Oct. 30, 2019, the bitcoin blockchain reached $1 billion in cumulative transaction fees. “This milestone is a really cool milestone just because it shows how much people value block space,” said Bryan Aulds, founder of bitcoin wallet Billfodl. “And that it’s something people don’t mind paying for, which I think is really important moving […] ❏ CoinDesk

Russian Aluminum Plant Pivots to Bitcoin Mining Following US Sanctions

❏ Metal giant Rusal is renting its facilities to the Russian Mining Corporation following 2018 U.S. sanctions. ❏ CoinDesk

Leaked Transcript Details Power Struggle Inside Bitcoin Mining Giant Bitmain

❏ A transcript of a Bitmain staff meeting reveals an ugly power struggle inside the world's biggest bitcoin miner maker that led to the abrupt ousting of co-founder Micree Ketuan Zhan. ❏ CoinDesk

Bitcoin Eyes First Monthly Price Gain Since June

❏ Bitcoin is on track to end its three-month losing streak, having recovered from recent lows around $7,400 seen a week ago. ❏ CoinDesk

Bitmain Seeking U.S. IPO With Confidential SEC Filing: Report

❏ The bitcoin mining giant is said to have confidentially filed for an IPO in the U.S. ❏ CoinDesk

Binance CEO: ‘Russia Is Our Key Market’

❏ Fans mobbed Binance's CEO like a rock star on his recent visit to Moscow. The warm feelings are mutual, with a big Russian expansion in the works. ❏ CoinDesk

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

❏ Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America. ❏ CoinDesk

Key Indicator Turns Bullish as Bitcoin Struggles to Break Above $10K

❏ A widely-tracked bitcoin price indicator with a strong track record of predicting big moves has turned bullish for the first time in over three months. ❏ CoinDesk

Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan Ousted

❏ Bitcoin mining giant Bitmain is experiencing turmoil inside its management co-founder and executive director Micree Ketuan Zhan is ousted. ❏ CoinDesk

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

❏ Avalon bitcoin miner maker Canaan Creative has just formally filed for a $400 million US IPO. ❏ CoinDesk

How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations

❏ Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation's economic crisis. ❏ CoinDesk

Bakkt to Launch Crypto ‘Consumer App’ in First Half of 2020

❏ Bakkt says it's launching a consumer app next year that will let customers pay crypto at Starbucks. ❏ CoinDesk

Bitcoin’s Four-Month Bear Trend Intact Even After 16% Price Rise

❏ Bitcoin eked out double-digit gains last week, but failed to invalidate a four-month bearish trend. A pullback toward $8,800 may lie ahead. ❏ CoinDesk

Sichuan Should Work to Remain Attractive to Crypto Mining: Policy Advisor

❏ A former regulator in China has argued that Sichuan – a bitcoin mining hub – should study how to remain attractive to crypto-related business. ❏ CoinDesk

Bitcoin Leads Momentum as Top Cryptos Trade Below Key Price Average

❏ Bitcoin and Bitcoin SV are the only cryptocurrencies within the top 10 to have jumped back above their long-term moving averages. ❏ CoinDesk

Bitcoin Price Hits Five-Week High Above $10,000

❏ Bitcoin's price jumped above $10,000 in the Asian trading hours, but the breakout into five digits was short-lived. ❏ CoinDesk

WATCH: Where Is the Crypto Market Headed Next Week?

❏ CoinDesk's Brad Keoun talks to Arca's investment head about recent bitcoin price activity. ❏ CoinDesk

Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment

❏ Bitcoin prices surged Friday after the Chinese President said his countrymen should "seize the opportunity" afforded by blockchain technology. ❏ CoinDesk

Bitcoin Charts ‘Death Cross’ After 47% Price Drop From 2019 High

❏ The bearish but lagging cross has occurred for the first time in 18 months, courtesy of bitcoin's fall from the yearly high of $13,880. ❏ CoinDesk

Final Russian Nuclear Scientist Sentenced Over Illicit Crypto Mining

❏ The last of three Russian scientists caught illegally mining bitcoin at a top-secret nuclear lab has been given a prison sentence. ❏ CoinDesk

‘Hell No’: Jack Dorsey Says Twitter Won’t Be Joining Libra Association

❏ The private Libra project is not in line with what Dorsey wants Twitter to stand for, the CEO (and bitcoin supporter) said. ❏ CoinDesk

Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round

❏ South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.  ❏ CoinDesk

Galaxy Digital to Launch 2 New Bitcoin Funds in November

❏ Galaxy Digital's asset management division is launching two bitcoin funds in November, according to a source with knowledge of the matter. ❏ CoinDesk

PODCAST: Ikigai’s Travis Kling on Why Bitcoin Is a ‘Baby X-Man’

❏ Travis Kling of Ikigai Asset Management explains why bitcoin is currently a risk asset, but showing signs of a future safe-haven asset. ❏ CoinDesk

PODCAST: Caitlin Long on Bitcoin as Insurance Against Financial Collapse

❏ "Bitcoin is less volatile from a systemic perspective than I think the traditional financial industry is," says the Wyoming Blockchain Coalition co-founder. ❏ CoinDesk

PODCAST: Nic Carter on Bitcoin’s Evolution as a Safe-Haven Asset

❏ “If you are fleeing a country with just the clothes on your back and want to take your savings with you, bitcoin is an excellent safe haven,” says the founding partner of Castle Island Ventures. ❏ CoinDesk

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

❏ The Intercontinental Exchange (ICE) is launching bitcoin options contracts through its subsidiary Bakkt. Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response […] ❏ CoinDesk

Bitcoin Eyes First Test of $7.2K Price Support Since April

❏ Long-term bitcoin price support at $7,200 may be put to test for the first time in six months, likely after a minor price bounce. ❏ CoinDesk

$7.5K: Bitcoin’s Price Tanks to Four-Month Low

❏ Bitcoin's price fell to less than $7,500 today and traders believe a "long squeeze" is to blame. ❏ CoinDesk

Bitcoin Volatility Hits 6.5-Month Low as Price Falls Back to $8,000

❏ Bitcoin's struggle for clear directional bias looks set to end, with volatility hitting multi-month lows and the charts suggesting a big move could soon occur on the higher side. ❏ CoinDesk

Former World Gold Council Exec Develops New Bitcoin ETF

❏ The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space. ❏ CoinDesk

Crypto Extortion on the Rise, Says Academic Study

❏ Hackers can make up to $130,000 a month for a $10,000 investment. ❏ CoinDesk

Trump Administration Popped 2017 Bitcoin Bubble, Ex-CFTC Chair Says

❏ "We saw a bubble building and we thought the best way to address it was to allow the market to interact with it," said Christopher Giancarlo. ❏ CoinDesk

Why Bitmain Is Building the World’s Largest Bitcoin Mine in Rural Texas

❏ Bitmain's new bitcoin mine exploits cheap electricity in Texas, the nation's biggest power market. Locals are happy for the new jobs. ❏ CoinDesk

Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds

❏ The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out. ❏ CoinDesk

Bitcoin May Rise toward $8,800, Short-Term Cross Indicates

❏ A short-term bitcoin price indicator has turned bullish, strengthening the case for a test of key resistance above $8,800. ❏ CoinDesk

Casa Is Helping Bitcoin Investors Pass on Their Holdings When They Die

❏ Bitcoin custody provider Casa has launched a new service to help holders of the cryptocurrency to ensure their assets are passed to loved ones in the event of their death. ❏ CoinDesk

Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims

❏ LocalBitcoins data is a starting point for research, but it isn't conclusive evidence of grassroots adoption. ❏ CoinDesk

Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

❏ In the era of negative rates, return-hungry investors may increasingly borrow in low-interest fiat and invest in higher-yielding crypto accounts. ❏ CoinDesk

Bitcoin.com Acquires Japanese Blockchain Developer 03 Labs

❏ The deal, which closed recently for an undisclosed sum, will see O3 Labs’ eight-person developer team integrate into Bitcoin.com. ❏ CoinDesk

Opera Browser Adds Bitcoin Payments to Android Update

❏ The enhanced crypto functionality will let Opera for android users make bitcoin payments from its built-in digital wallet and interact with dapps on TRON. ❏ CoinDesk

As Lightning’s Economy Takes Shape, Devs Are Split on Proposed Fee Hike

❏ At the lightning network's inaugural conference in Berlin, the future economics of the bitcoin payment technology took center stage. ❏ CoinDesk

Bitcoin’s 3% Price Rise Neutralizes Bearish Setup

❏ Bitcoin has bounced from key support and neutralized the immediate bearish setup, though a bullish reversal is still $600 away. ❏ CoinDesk

Researchers Uncover Bitcoin ‘Attack’ That Could Slow or Stop Lightning Payments

❏ A new denial-of-service attack could slow down or completely stop bitcoin payments over the lightning network. ❏ CoinDesk

HTC’s Latest Blockchain Phone Can Run a Full Bitcoin Node

❏ The Taiwanese electronics giant has launched the Exodus 1s phone with a built-in hardware wallet and the ability to support a bitcoin node. ❏ CoinDesk

With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit?

❏ The 18 millionth bitcoin is about to be mined. Though the remaining 3 million will take 120 years to mint, some question the certainty of the original hard cap. ❏ CoinDesk

Fake Tor Browser Has Been Spying, Stealing Bitcoin ‘For Years’

❏ Hackers have been distributing a compromised version of the official Tor Browser that's packed with malware designed to steal bitcoin. ❏ CoinDesk

Looming Death Cross Suggests Bitcoin May Be Nearing Price Bottom

❏ An impending death cross, a bearish but lagging indicator, suggests bitcoin could be nearing a major bottom. ❏ CoinDesk

Binance Hikes Leverage to 125x for Launch of Bitcoin-Tether Futures

❏ Binance’s futures exchange is raising leverage to 125x with the launch of BTC/USDT contracts today. ❏ CoinDesk

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

❏ A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability. ❏ CoinDesk

What to Make of the SEC’s Latest Bitcoin ETF Rejection

❏ The bitcoin market isn't mature enough to support an ETF, said the SEC in its latest rejection of the concept. So what now? ❏ CoinDesk

Bitcoin Price May Test $7,750 as Selling Pressure Grows

❏ Bitcoin is looking increasingly weak, having closed below $8,000 on rising trading volumes Wednesday. ❏ CoinDesk

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

❏ For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier. ❏ CoinDesk

US Law Enforcement Traces Bitcoin Transactions to Nab ‘Largest’ Child Porn Site

❏ A U.S. federal grand jury indicted a South Korean citizen for operating a child porn site, funded by millions dollars worth of bitcoin. ❏ CoinDesk

Bitcoin Price Indicator Shows Bearish Mood Strongest Since February

❏ Bitcoin has faced its highest selling pressure since February in the last 24 hours and could drop below recent lows near $7,750. ❏ CoinDesk

eToro Launches Crypto Portfolio Weighted by Twitter Mentions

❏ With an AI system trawling 850,000,000 tweets a day, the eToro product calibrates an optimal coin portfolio based on Crypto Twitter sentiment. ❏ CoinDesk

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

❏ Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds. ❏ CoinDesk

‘Satoshi’ Enters the Oxford English Dictionary

❏ Satoshi, noun, “The smallest monetary unit in the bitcoin digital payment system, equal to one hundred millionth of a bitcoin," enters the OED. ❏ CoinDesk

Peter Thiel Backs $200 Million Valuation for Renewable Bitcoin Mining in the US

❏ A vertically integrated startup has raised $30 million to bring bitcoin mining back to the U.S. ❏ CoinDesk

Bitcoin Sees Little Price Boost from Long-Term Bull Cross

❏ A long-term bitcoin chart indicator has turned bullish for the first time in three years, though it's had little impact on prices. ❏ CoinDesk

Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury’s Split on Price

❏ Bitcoin halvings normally result in price increases. Maybe not this time. ❏ CoinDesk

Coinshares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain

❏ Two years in the making and already backed by some $20 million in digitized gold, CoinShares announced the DGLD token Tuesday. ❏ CoinDesk

CME Says Bitcoin Futures Gaining Interest From Big Investors

❏ The CME touts the success of its bitcoin futures contract, as the battle for institutional investors heats up thanks to competition from Bakkt. ❏ CoinDesk

Thrill-Seeking Drives Investors to Trade Crypto, Study Finds

❏ Investors who trade crypto tend to take bigger risks in the stock market, suggesting they seek dopamine more than diversification, a study found. ❏ CoinDesk

Bitcoin Faces Drop Below $8,000 Despite Beating Price Resistance

❏ Bitcoin has crossed the 20-day moving average hurdle, but remains in bearish territory on the daily and weekly charts. ❏ CoinDesk

At Devcon, Bitcoin Developer Amir Taaki Foresees a ‘DarkTech Renaissance’

❏ "Why are we not thinking about how to create dark finance tools we can leverage against government bonds?" ❏ CoinDesk

Is Bitcoin a Safe Haven Like Gold? These Four Charts Say Not Yet

❏ Market movements show us that bitcoin is not generally accepted as a safe-haven investment. ❏ CoinDesk

Bitcoin Fails at Key Price Hurdle, Risks Return to $8,000

❏ Bitcoin's quick pullback from a 2.5-week high of $8,830 this morning has invalidated a bullish breakout on the 4-hour chart. ❏ CoinDesk

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

❏ Erik Finman's $1 million fund will make seed-level investments in startups dealing in banking and decentralized finance. ❏ CoinDesk

Bitcoin Price Looks North Despite SEC’s Latest ETF Rejection

❏ Bitcoin may rise to $9,000 in the short-term, as traders are seemingly unfazed by the U.S. regulator's decision to reject Bitwise's bitcoin ETF proposal. ❏ CoinDesk

Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

❏ The U.K.-licensed firm's new derivative product allows clients to synthetically trade gold against bitcoin and aims to capitalize on a move to haven assets. ❏ CoinDesk

WATCH: What Drove Bitcoin Price Up Today? We Explore the Pop

❏ Bitcoin popped earlier this morning and our own Brad Keoun talks to Joe DiPasquale of BitBull Capital about what moved the market. ❏ CoinDesk

SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal

❏ The SEC has rejected Bitwise's proposal for a bitcoin ETF. ❏ CoinDesk

Bitcoin Jumps to 3-Week High Above $8,600 as Fed Plans New Round of Reserve Increases

❏ Bitcoin prices have jumped 5.9 percent in the past 24 hours, recovering some of the cryptocurrency's losses in recent weeks. ❏ CoinDesk

Binance Now Accepting Fiat Through Alipay, WeChat

❏ Binance is now accepting bitcoin purchases via P2P purchases on Alipay and WeChat. ❏ CoinDesk

Bitcoin Trades Flat Even As Fed Signals Inflation-Boosting Balance Increase

❏ The Fed Reserve's decision to expand its balance sheet is seen as a long-term positive for bitcoin, but prices are yet to feel any effect. ❏ CoinDesk

Tiny $217 Options Trade on Bitcoin Blockchain Could Be Wall Street’s Death Knell

❏ Skew., a startup led by an ex-JPMorgan trader, did an S&P 500 options trade on bitcoin’s blockchain to prove the tech works better than Wall Street. ❏ CoinDesk

State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A

❏ Lightning-focused bitcoin startup ACINQ added an interesting investor to its cap table: Bpifrance, a state-owned bank that just made its first crypto investment. ❏ CoinDesk

Bitcoin Startup Casa Updates Lightning Nodes After Shipping 2,000 in Year 1

❏ Casa, a bitcoin custody provider, is launching a new version of its flagship device. ❏ CoinDesk

Bitcoin Eyes $8.5K Hurdle After Biggest Single-Day Gain in Five Weeks

❏ Bitcoin logged the biggest single-day price gain in five weeks on Monday, opening doors for a stronger recovery rally to key resistance above $8,500. ❏ CoinDesk

Bitcoin’s Dropping Lightning Capacity Might Not Be a Bad Thing

❏ A look at some recent data around usage on bitcoin's lightning network. ❏ CoinDesk

WATCH: Athena’s Bitcoin ATM Business Blooms in Argentina

❏ Argentina's economic woes have led to a rise in crypto adoption. We talk to Athena Bitcoin, one of the biggest crypto ATM networks in the country. ❏ CoinDesk

Bitcoin Bounces Back to $8K from Historically Strong Price Support

❏ Bitcoin has again defended historically strong price support near $7,700, keeping the hopes of a corrective rally alive. ❏ CoinDesk

Algo Capital Loses Crypto Funds After CTO’s Phone Is Hacked

❏ Algo Capital, an investment firm focused on the Algorand ecosystem, lost a few million in bitcoin and ALGO tokens after its CTO's phone was hacked. ❏ CoinDesk

Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn

❏ Despite a recent pullback, bitcoin’s price has more than doubled in 2019, dwarfing investors' year-to-date returns from stocks, bonds or commodities. ❏ CoinDesk

Galaxy Digital, XBTO Just Made the First Block Trade of Bakkt Bitcoin Futures

❏ Crypto fund Galaxy Digital and OTC trader XBTO have conducted the first-ever block trade of Bakkt's bitcoin futures contract. ❏ CoinDesk

Bitcoin May Be Headed for a Stronger Price Bounce

❏ A bullish breakout may be on the way, price indicators suggest, potentially fueling a rally to $8,800. ❏ CoinDesk

Ohio Treasurer Suspends Predecessor’s Bitcoin Tax Payment Service

❏ A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline. ❏ CoinDesk

Asset Manager Stone Ridge Files SEC Prospectus for Bitcoin Futures Fund

❏ The firm's SEC prospectus details a cash-settled bitcoin futures fund offering 100,000 shares at $10 apiece. ❏ CoinDesk

Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears

❏ The increased likelihood of a U.S. recession has brought a boost to gold prices. For bitcoin, though, it's a different story. ❏ CoinDesk

SIX Exchange Launches First Crypto ETP in Swiss Franc

❏ Swiss stock exchange SIX has listed the Amun Bitcoin Suisse BTC/ETH exchange-traded product (ETP). ❏ CoinDesk

What Tezos and Bitcoin Have in Common

❏ At this week's TQuorum conference, the shared values of the Tezos community were on display. ❏ CoinDesk

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

❏ It’s way too soon to write off Bakkt, despite the bitcoin futures market’s disappointingly slow start, equity analysts at Oppenheimer & Co. said. ❏ CoinDesk

Bitcoin Price Risks Further Decline After Recovery Rally Stalls

❏ October has started poorly for traders looking to capture Tuesday's rebound, as prices were swiftly rejected back below $8,300 this morning. ❏ CoinDesk

Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

❏ The engineer at a top-secret nuclear lab, along with two colleagues, had accessed the plant's supercomputer to mine bitcoin. ❏ CoinDesk

Bitcoin’s $800 Price Recovery Runs Into Key Resistance

❏ Bitcoin is better bid Tuesday, but the relief rally is struggling to gather traction above a key former support-turned-resistance. ❏ CoinDesk

Crypto Escrow Firm Chief Charged Over Alleged $7 Million Fraud

❏ A man faces charges by the U.S. Attorney's Office and the CFTC over claims he took money for bulk bitcoin orders that were never delivered. ❏ CoinDesk

This Crypto-Savvy Bank Is Building Bandwidth for Bitcoin Retail Payments

❏ The German bank is set to help European retailers accept bitcoin payments in early 2020. ❏ CoinDesk

Trading Volume for Bakkt’s Bitcoin Futures Hit Just $5 Million in First Week

❏ Just 623 bitcoin futures contracts were traded during Bakkt's debut week. ❏ CoinDesk

Sequoia-Backed Startup Enters DeFi Market With Bitcoin Binary Options

❏ Band Protocol launched its binary options dapp Monday, allowing users to make predictions on bitcoin's price swings. ❏ CoinDesk