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Showing posts from November, 2019

Bitcoin Faces Biggest Monthly Price Drop of 2019 Despite Late Upturn

❏ Bitcoin looks poised to post the biggest monthly loss of 2019, despite the recent recovery from six-month lows. ❏ CoinDesk

Canadian Fund Manager 3iQ Files Propectus for Bitcoin Fund IPO

❏ Canadian investment fund manager 3iQ has listed the preliminary prospectus for its bitcoin fund as the next step toward an initial public offering (IPO), the company said Thursday. ❏ CoinDesk

What the Fed Reserve’s Balance Sheet Expansion Means for Bitcoin

❏ The U.S. Federal Reserve is again expanding its balance sheet – prominent experts believe that could bode well for bitcoin in the long run. ❏ CoinDesk

Bitcoin Eyes $7,800 After Biggest Daily Price Gain in a Month

❏ Bitcoin's price recovery is gathering steam and $7,800 could be the next stop for the bulls. ❏ CoinDesk

What the Crypto Markets Are Saying About the Future of Bitcoin

❏ Bitcoin has been sliding amid a lack of capital inflows, raising questions about the future for bitcoin in the long-term. ❏ CoinDesk

Lebanese Bitcoiners Show How to Talk About Crypto At Thanksgiving

❏ Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology. ❏ CoinDesk

Bitcoin Is Looking at a Short-Term Bull Reversal if Prices Pass $7,400

❏ Bitcoin needs to break above resistance at $7,380 to confirm a short-term bull reversal and invite stronger buying pressure. ❏ CoinDesk

Charities Put a Bitcoin Twist on Giving Tuesday

❏ HODLers can play Santa this year by gifting their crypto bags to others on Bitcoin Tuesday, a play on the holiday drive known as Giving Tuesday. ❏ CoinDesk

Keep Calm and HODL On? 3 Reasons to Look Past Bitcoin’s Price Rout

❏ Zooming out the lens a bit, there are at least three plausible reasons to think this sell-off may be just a hiccup for bitcoin. ❏ CoinDesk

Simon Malls Has 5 New Bitcoin ATMs With Bitstop Partnership

❏ Simon Malls has partnered with Bitstop, installing 5 new bitcoin ATMs in 3 states. ❏ CoinDesk

US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records

❏ A federal judge denied a bitcoin user's petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange. ❏ CoinDesk

How to Earn and Spend Bitcoin on Black Friday 2019

❏ The 2019 holiday shopping season is a prime time for using and earning cryptocurrency. ❏ CoinDesk

MARKETS DAILY: Tokenization Challenges and Another Tether Lawsuit

❏ On today’s episode, we’re talking bitcoin's bearish juncture, tokenization troubles, and new allegations filed against stablecoin Tether ❏ CoinDesk

As Bitcoin Bounces Back Above $7K, Popular Analysts Say Monthly Close Is Pivotal

❏ Bitcoin needs to rise by more than $1,000 in the next three days to invalidate bearish pressures, according to Mike Novogratz and Willy Woo. ❏ CoinDesk

Another Class Lawsuit Claims Bitfinex, Tether Manipulated Bitcoin Market

❏ Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless,." ❏ CoinDesk

Bear Breather? Bitcoin Looks Oversold After 50% Price Drop Since June

❏ BTC may have found a temporary bottom near $6,500 and could witness a bounce, with the short-term charts reporting seller exhaustion. ❏ CoinDesk

Bitcoin Drops Below $7K as Traditional Markets Flatline

❏ Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China. ❏ CoinDesk

Statechains, and Trading the Panopticon for Magical Internet Money

❏ CoinDesk's Nolan Bauerle and Thiel Capital's Eric Weinstein talk Magical Internet Money; the Let’s Talk Bitcoin! host and Somsen Ruben discuss statechains. ❏ CoinDesk

The Case for a Bitcoin ETF

❏ Dave Weisberger of CoinRoutes lays out why he believes that the SEC is wrong to deny a bitcoin ETF. ❏ CoinDesk

HODLers Are ‘In the Money’ Despite Bitcoin’s Drop to Six-Month Lows

❏ Fifty-four percent of bitcoin addresses are making money on their investments despite the cryptocurrency's drop to six-month lows, according to data from IntoTheBlock. ❏ CoinDesk

Bitcoin Price Dips to Six-Month Low of $7,000

❏ Bitcoin’s price dropped to a six-month low on Friday, with a widely tracked technical indicator reporting the strongest bearish bias in eight months. ❏ CoinDesk

Bakkt’s Bitcoin Futures Launch in Singapore in Just Two Weeks

❏ Bakkt, the bitcoin subsidiary of NYSE owner ICE, has announced the launch date and specs for its Singapore-listed, cash-delivered bitcoin futures. ❏ CoinDesk

Global Protests Reveal Bitcoin’s Limitations

❏ Protesters across the globe are testing out bitcoin and other decentralized technologies – then promptly discovering their limitations. ❏ CoinDesk

Maker of Wasabi Bitcoin Wallet Valued at $7.5M in First Equity Round

❏ The privacy-centric Wasabi Wallet, launched by zkSNACKs in 2018, just raised its first equity investment from Cypherpunk Holdings, a publicly-traded Canadian fund. ❏ CoinDesk

Bitcoin Slips to One-Month Price Lows Below $8,000

❏ Having dropped to one-month lows below $8,000, bitcoin is now eyeing the first test of a key average support, now at $7,714, since April. ❏ CoinDesk

1 Gigawatt Bitcoin Mine Under Construction in Texas Would Dwarf Bitmain’s

❏ The $150 million bitcoin mine could become the world's largest – surpassing Bitmain's, whose own mega mining operation is in the same Texas town. ❏ CoinDesk

Too Early to Tell if Libra Is a Security, CFTC Chairman Says

❏ Despite some headlines, CFTC chief Heath Tarbert didn't actually say Libra is a security, even if it is different from commodity bitcoin. ❏ CoinDesk

Promoting a New Token? Satoshi’s Treasure Wants You to Gamify It

❏ Satoshi’s Treasure, a global hunt for keys to a $1 million bitcoin prize, may offer a model for gamifying token issuance. ❏ CoinDesk

XRP Is Used in Crime, But Far Less Often Than Bitcoin, Elliptic Says

❏ Criminals have used XRP to carry out their illicit activities, though hardly to the same degree as bitcoin, according to a new report from blockchain sleuthing firm Elliptic. ❏ CoinDesk

Bitcoin Erases 75% of October Price Rally as S&P 500 Hits Record Highs

❏ Bitcoin is looking south after erasing three-quarters of the price rally seen in October. The bearish mood comes as the U.S. equities market is soaring in the opposite direction. ❏ CoinDesk

Singapore Proposes Allowing Bitcoin, Ether Derivatives Trading on Approved Exchanges

❏ The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms. ❏ CoinDesk

Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions

❏ The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. ❏ CoinDesk

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

❏ Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. ❏ CoinDesk

Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status

❏ Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status. ❏ CoinDesk

IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official

❏ The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said. ❏ CoinDesk

Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed

❏ Bitcoin looks set to test support at $7,520 after a bearish cross was confirmed Monday and recent gloomy China news. ❏ CoinDesk

The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection

❏ The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month. ❏ CoinDesk

Bitcoin Tumbles 4.7%, Most in Two Months, as China-Fueled Enthusiasm Wanes

❏ Bitcoin prices tumbled on Monday by the most in two months, falling below a key threshold of $8,200 not seen since late October. ❏ CoinDesk

PODCAST: ‘Let’s Talk Bitcoin!’ Hosts Discuss Libra, China and Cargo Cults

❏ Every Sunday, CoinDesk plays host to deep, nuanced discussions about the complex issues we cover, with the cast of the Let’s Talk Bitcoin! podcast. ❏ CoinDesk

An Army of Bitcoin Devs Is Battle-Testing Upgrades to Privacy and Scaling

❏ Almost 200 developers are reviewing bitcoin improvement proposals that could usher in enhanced privacy and scalability for the premier cryptocurrency. ❏ CoinDesk

How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages

❏ The golden cross and death cross have long helped traders predict and confirm long-term price trends. Here’s a primer for crypto investors. ❏ CoinDesk

Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls

❏ What really constitutes a "partnership" at the intersection of e-commerce and crypto? ❏ CoinDesk

Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

❏ Bitcoin is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, while traditional markets hit record highs. ❏ CoinDesk

Tether to File Motion With NYAG to Dismiss Class Action Lawsuit

❏ The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred. ❏ CoinDesk

As Bitcoin Cash Hard Forks, Unknown Mining Pool Continues Old Chain

❏ A rogue chain has developed following bitcoin cash's planned hard fork and has yet to cease production. ❏ CoinDesk

Chainalysis Says BitForex Trading Volumes Could Be Fake

❏ BitForex exchange coiuld be faking its bitcoin trading volume, according to a report by Philip Gradwell, chief economist for Chainalysis. ❏ CoinDesk

Ukrainian Railways Branch Caught Mining Crypto With State Power

❏ The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin. ❏ CoinDesk

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

❏ Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls. ❏ CoinDesk

Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO

❏ Canaan, the world's second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering. ❏ CoinDesk

ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings

❏ The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. ❏ CoinDesk

Bakkt Seeks Approval to Offer Cash-Settled Bitcoin Futures in Singapore

❏ Bakkt aims to offer cash-settled bitcoin futures before 2020 to complement its physically settled contracts. ❏ CoinDesk

BitGo Processing 20% of Bitcoin Transactions

❏ The crypto custodian facilitates a sizable share of on-chain transactions, a sign of consolidation, and power, in the crypto space. ❏ CoinDesk

CME Says It Will Launch Bitcoin Options in January

❏ Chicago exchange CME Group has announced it will launch options on its bitcoin futures contracts in mid-January. ❏ CoinDesk

Alibaba Offers Bitcoin Rewards Through Lolli Shopping App for ‘Singles Day’

❏ Lolli will offer Alibaba customers bitcoin back on their purchases with a new partnership. ❏ CoinDesk

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

❏ The ICE subsidiary plans to open up its bitcoin "warehouse" following approval from New York's financial watchdog. ❏ CoinDesk

Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses

❏ Bitcoin is on slippery ground after two weekly losses in a row and multiple rejections at key price resistance.  ❏ CoinDesk

Ex-Cinnober Blockchain Lead Joins Nordic Crypto Fund to Bet Big On Bitcoin

❏ Since NASDAQ acquired Sweden's Cinnober last year, blockchain lead Eric Wall has left the exchange business for bitcoin investment fund Arcane Crypto. ❏ CoinDesk

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

❏ According to regression models and historical precedent, the upcoming bitcoin halving will boost the market price. So why isn’t that already priced in? ❏ CoinDesk

How Bitcoin’s Lightning Can Be Used for Private Messaging

❏ Bitcoin's lightning network might have a use case beyond faster and more scalable payments, thanks to an experimental version called Whatsat. ❏ CoinDesk

Bitcoin Falls 4.3%, Slipping Below $9,000 for First Time in Two Weeks

❏ Bitcoin has fallen below $9,000 for the first time in two weeks after breaching its 200-day moving average, which had been seen as a price support by some traders using technical analysis. ❏ CoinDesk

PODCAST: Meltem Demirors on the 3 Things Bitcoin Represents

❏ On this episode of Bitcoin Macro: "For traditional investors, it's sort of a challenging paradigm when these three things are wrapped together." ❏ CoinDesk

PODCAST: Josh Brown on Why Bitcoin Is Like the 1800s Railroad Boom

❏ On this episode of Bitcoin Macro: "In the 1800s we had a bubble in railroads, and almost every one of them went bankrupt." ❏ CoinDesk

PODCAST: Kaiko’s Ambre Soubiran on Bitcoin’s ‘Intrinsic Value’

❏ On this episode of Bitcoin Macro: "The fact that it works and that it has been working for 10 years has value." ❏ CoinDesk

Founder of Bitmain Rival Held by Police Over Possible IP Dispute

❏ The founder and CEO of bitcoin miner maker MicroBT is being held by police, a source says it's to assist an investigation over a business dispute. ❏ CoinDesk

Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years

❏ Bitcoin looks on track to produce a bullish long-term signal not seen in 3.5 years. ❏ CoinDesk

Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

❏ Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road. ❏ CoinDesk

Tassat Is One Step Closer to Offering Crypto Derivatives With CFTC Approval

❏ The CFTC has granted Tassat a swap execution facility registration, bringing it one step closer to offering US customers bitcoin derivatives products. ❏ CoinDesk

The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

❏ Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest. ❏ CoinDesk

Russia Wants to Be Able to Seize Cybercriminals’ Bitcoin

❏ Russian regulators will begin developing proposals for legislation allowing confiscation of crypto assets seized in crime investigations. ❏ CoinDesk

Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines

❏ Authorities arrested five suspected in the theft of almost 100 bitcoin machines. ❏ CoinDesk

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

❏ Bitcoin has been tiptoeing along key support, but evaporating bullish sentiment may see prices roll over to levels below $9,000. ❏ CoinDesk

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

❏ Canaan, the world's second-largest bitcoin miner maker, has recorded $13 million in net profit for Q3 2019, following bitcoin price's bull run since April this year. ❏ CoinDesk

First-Time Bitcoin Buyers ‘Doubled’ in Square’s Q3 Report

❏ Square processed $148 million in bitcoin sales in the third quarter of 2019. The payments company, founded by Twitter co-founder Jack Dorsey, released its earnings results on Wednesday, reporting revenues of $1.27 billion between July 1 and Sept. 30 of this year. Though Square’s crypto business remains a niche concern for the publicly traded company, […] ❏ CoinDesk

Square’s Cash App Now Charging Fees for Bitcoin Purchases

❏ Square's Cash App has started charging fees of as much as 1.76 percent on bitcoin purchases, sources have pointed out to CoinDesk. ❏ CoinDesk

China Scraps Plan to Categorize Bitcoin Mining as Industry to Be Eliminated

❏ China's top economic planning agency has scrapped the plan to categorize bitcoin mining as an industry to be eliminated from the country. ❏ CoinDesk

Ether on Lightning Is the Latest Bridge Crossing Crypto’s Great Divide

❏ DEX startup Radar Relay is offering token users a way to pay lightning invoices with bitcoin, thanks to back-end market makers. ❏ CoinDesk

Bitcoin Keeps Failing at This Key Price Hurdle

❏ Bitcoin's struggle for a bullish breakout continues with a falling trendline capping gains for the fifth time in 11 days. ❏ CoinDesk

The ‘Bitcoin Rich List’ Has Grown 30% in the Last Year, But Why?

❏ The number of bitcoin addresses holding more than 1,000 BTC has grown in the past 12 months, possibly reflecting an influx of wealthy investors.   ❏ CoinDesk

This Startup’s Upgrade Code Can Be Used by Any Bitcoin-Based Blockchain

❏ Nexus says an upgrade that brings smart-contract functionality to its blockchain can also be used by any other bitcoin-based chain. ❏ CoinDesk

Bitcoin Outshines Gold for First Time Since June

❏ Bitcoin logged double-digit gains in October, outperforming gold for the first time for months. ❏ CoinDesk

Trial Back on After Craig Wright Fails to Pay Kleiman Bitcoin Settlement

❏ Craig Wright broke a non-binding settlement agreement to forfeit half his claimed bitcoin holdings, according to a court filing. ❏ CoinDesk

How Many More Birthdays Until Bitcoin Wins?

❏ On the white paper's 11th anniversary, we face a question: How much longer until bitcoin becomes like Twitter or Linux, something you use every day? ❏ CoinDesk

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

❏ After sustained growth over the past three months, bitcoin's mining power has dropped with a seasonal falloff in hydropower output in China. ❏ CoinDesk

Bitcoin’s Defense of Major Support May Fuel Price Bounce to $9,600

❏ The widely tracked 200-day average continues to restrict losses in bitcoin and may catapult prices to $9,600. ❏ CoinDesk

Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

❏ Locha Mesh is building software and hardware for connecting to bitcoin's Lightning Network – even when the power's out. ❏ CoinDesk

Bitcoin Price Slides 2% After Deribit, Coinbase Flash Crash

❏ Another flash crash has occurred for bitcoin (BTC), this time on the Coinbase Pro and Deribit exchanges. ❏ CoinDesk

Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief

❏ Bitcoin might become "digital gold," but first it needs to be used more in everyday business, said the Intercontinental Exchange's chief executive. ❏ CoinDesk