Bitcoin (BTC) is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter. At press time, the leading cryptocurrency is trading at $6,570 – down 6.30 percent from September’s opening price of $7,014. BTC also registered a 10-percent decline in August, according to CoinDesk’s Bitcoin
Month: September 2018
Advertisement Over the past 24 hours, Ripple (XRP) has overtaken Ethereum once again with a 7 percent surge in price, achieving a market valuation of $24.28 billion. The market cap of Ethereum remains slightly below that of Ripple at $24.15 billion and based on the weak volume of XRP, it is likely that Ethereum will
Memes are a pretty important part of the crypto ecosystem – how else would crypto visionaries display their wit and sometimes passive aggressivity? It’s no wonder then that District0x’s Meme Factory is seeing quite the buzz. Not only did District0x raise $9 million in an initial coin offering last year, backed by Boost VC and CoinFund,
The RBI has denied the “formal creation” of a unit to research AI and blockchain technology, according to a report. The clarification after an investigation by Coin Crunch India comes weeks after the central bank was rumored to have set up the supposed unit to “research and possibly draft rules” for the emerging technologies. In an
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Advertisement Throughout 2018, Bitcoin has continued to record lower highs, testing major resistance levels at $10,000, $8,000 and $7,000. According to Fundstrat’s Tom Lee, the stability of Bitcoin at $6,000 regardless of its lower highs is optimistic. In early 2018, Fundstrat emphasized in a report that the $6,000 level will likely be held by Bitcoin
Advertisement Perennial bitcoin bull Mike Novogratz, founder and CEO of Galaxy Digital, claims bitcoin is positioned for major growth now that institutions are investing in it and big compananies are starting to accept it. Novogratz told CNNMoney’s “Markets Now” that big companies like Microsoft and Starbucks are allowing customers to use bitcoin and that, in
Advertisement Bitcoin price on Saturday found a key support area near $6,464 after closing on the same level the previous day. The BTC/USD today rose as much as 2.5 percent from the intraday low in an upside correction attempt. Yesterday, the pair had broken below a critical near-term ascending trendline to target 6466-fiat as its
Advertisement After rising to $6,700 on September 27, the price of Bitcoin has slightly retraced to $6,500. Ripple (XRP) still recorded a decent gain of 5 percent, extending its momentum. The volume of the crypto market has increased from $13 billion to $15 billion in the past week, demonstrating an increase in activity in the
Ripple is leading a number of organizations launching a lobbying group in Washington D.C., Business Standard reported Friday. Dubbed Securing America’s Internet of Value Coalition (SAIV), the group includes, apart from Ripple, the RippleWorks Foundation; Coil, a company developing a solution for digital payments; Hard Yaka, an investment firm focusing on digital assets; and PolySign, a
Digital asset management firm Arrington XRP Capital may be poised to cease funding any U.S.-based startups. Partner and founder Michael Arrington tweeted Friday morning that the company had “received a second subpoena” from the U.S. Securities and Exchange Commission (SEC) due to the firm’s role as an investor in a company based in the United States. He
Algorithms are creative. At least, that’s according to Howard Chu, a monero core developer who has dedicated his time to protecting the crypto from specialized mining hardware, called ASICs, built by a multibillion-dollar mining industry. And recently, Chu found a solution to permanently keep ASICs off the network – a proof-of-work algorithm he calls RandomJS
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The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin. The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents”
Privacy-focused bitcoin wallet Samourai is dropping fiat conversions from its platform, the company announced Friday. The Samourai Wallet’s latest release includes a number of changes, including the fact that it is now available in 12 different languages, according to a blog post. However, the most significant change will see the three-year-old platform change from showing
A notable voice is joining the ranks of ethereum developers who are seeking to block powerful ASIC miners from earning an outsized share of the platform’s valuable ether cryptocurrency. In an developer meeting Friday, Martin Holst Swende, security lead at the Ethereum Foundation, said he supports swift action to remove ASIC mining hardware from the ethereum
Advertisement Bitcoin on Friday added 7 percent gains to its prevailing near-term upside momentum as it broke through its interim bias conflict. The BTC/USD kickstarted the day backed by a strong but unusual uptrend from the previous day, which saw a $275-jump within a matter of 1-2 hours. The beginning of today’s Asian session simply saw
Nearly $90 million potentially associated with criminal activity was laundered through 46 cryptocurrency exchanges, the Wall Street Journal reported Friday. In particular, the Journal reported, some $9 million was laundered through ShapeShift AG, the Erik Voorhees-led cryptocurrency exchange known for allowing users to maintain their anonymity, over a two-year period. Moreover, this was the largest
A group of U.S. lawmakers are asking Securities and Exchange Commission (SEC) chairman Jay Clayton to clarify when initial coin offerings (ICOs) are considered securities sales. In the letter, Representatives Ted Budd, Warren Davidson, Tom Emmer and Darren Soto, along with 11 co-signers, request that Clayton clarify how it is approaching token sales, saying that
Following its acquisition by blockchain startup Tron, peer-to-peer file sharing service BitTorrent will begin incentivizing users by paying them with its cryptocurrency tokens. Tron announced Thursday that its forthcoming Project Atlas would connect BitTorrent and Tron, hoping to make the BitTorrent protocol faster for peers, as well as encourage both new and existing users to
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