Billionaire technology investor Mark Cuban said that he would be happier owning bananas than Bitcoin (BTC). Cuban made his remarks in a video Q&A published on YouTube by technology news outlet Wired on Sept. 27. During the Q&A session, he answered to a Twitter user asking why Cuban hates crypto if he is “into providing opportunity for people to grow their net worth.” First, Cuban seemingly suggested that the issue he has with Bitcoin is that its price is determined Read more …
A sobering thought for those bemoaning losses from last week’s bitcoin price drop. You could have bought bitcoin in 2013 at $13 and still lost money… and lots of it. Such is the importance of the ‘rule of ten best days’, which states that, ‘excluding the ten best days each year, BTC has fallen 25% annually since 2013’. Rule Of Ten Best Days We were reminded of the ‘rule of ten best days’ by Thomas Lee of Fundstrat over the Read more …
XRP is almost a security, according to a council created by US’s biggest cryptocurrency exchanges. Crypto Ratings Council (CRC) awarded XRP a four on the scale of five – the highest value indicating that an asset is a security. It noted that Ripple, a San Francisco-based blockchain remittance company, sold XRP tokens or token interests before the existence of its utility. Moreover, Ripple marketed XRP, a move which suggested that the firm showcased the asset for its long-term investment opportunities. Ripple, Read more …
September has been a rough month for bitcoin and the wider cryptocurrency market, but ether has weathered the storm better than most. Bitcoin, (BTC), the leading cryptocurrency by market value, is on track to post a monthly loss of more than 16 percent – the biggest since November 2018, according to CoinMarketCap. As of writing, BTC is trading around $8,070, having hit a 3.5-month low of $7,838 earlier today. Meanwhile, the total market capitalization of all cryptocurrencies has currently shed Read more …
Binance went on a delisting spree, going as far as to eliminate the BTT/BTC pairing. Binance culled 30 trading pairs in total, without removing the actual assets. Binance Removes Launchpad Token Pairs The most significant removal was for BitTorrent Token (BTT). Now, BTT only trades in pairs against stablecoins Tether (USDT), Paxos Standard (PAX), USDC and TrueUSD (TUSD). The other price discovery market is Binance Coin (BNB). For BTT, the removal of the BTC pair may also remove some of Read more …
Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by seven other firms: Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale Investments and Kraken. As part of the effort, the council will issue a 1-5 rating Read more …
Bitcoin prices edged lower on Monday, pressured by a current correction momentum that saw the cryptocurrency plunging by more than 40 percent since June this year. The BTC/USD instrument was trading at $7,863.28 as of 0907 UTC, down 2.34 percent from the open. Around the same time, CME bitcoin futures had slipped by 1.99 percent to trade at $7,875.00, indicating the possibility of an extended downside correction on Monday. Bitcoin price is showing signs of extended downside correction | Image Read more …
Advertisment The crypto-currency Bitcoin consumes enormous amounts of energy and thus produces considerable CO2 emissions. Researchers at ETH Lausanne are working on an energy-saving alternative. The ecological footprint of the digital currency Bitcoin is huge. The reason is the mechanism for ensuring the security of transactions, for example, to prevent a Bitcoin unit from being issued multiple times. In essence, each transaction must be confirmed by a temporary central controller who controls the entirety of the Bitcoin network and has Read more …
Coinbase, Circle, Bittrex, Kraken, along with other major U.S. crypto exchanges and custody platforms have formed an independent rating platform for crypto tokens. Maker and Polymath are Most Likely Securities, Says CRC Dubbed the Crypto Ratings Council (CRC), the body reportedly evaluates cryptocurrencies to see if they classify as securities. According to its maiden ratings report, Maker (MKR) and Polymath (POLY) have the highest semblance of securities characteristics among all the 20 evaluated cryptos. Both tokens scored 4.5 out of Read more …
Advertisment The original cryptocurrency, Bitcoin (BTC), had another disappointing session at the end of its worst week for 2019. Having opened the Sunday session at $8,246.04, the digital coin dropped below the $8,000 mark during the late afternoon trading. The coin fell to as low as $7,990.50, but it managed to pare some of it losses in the final hours of the session. BTC finished the day at $8,104.19, according to data from digital currency tracker Coinmarketcap. That close meant Read more …
Major United States’ crypto firms such as Coinbase and Kraken teamed up to launch a rating system to jointly define which digital assets are securities. Crypto Ratings Council to launch on Sept. 30 In a move to provide more clarity for what tokens can be traded without the supervision of regulators, major U.S.-based exchanges formed the so-called Crypto Ratings Council, the Wall Street Journal (WSJ) reports on Sept. 30. According to the report, other members of the Crypto Ratings Council Read more …
Advertisment Lumi wallet is celebrating the new option to buy crypto with a credit card in the wallet with a Bitcoin Giveaway Spree, giving its users a chance to win a soaring Bitcoin reward. In September, Lumi added a new feature that allows users to buy crypto with a credit or debit card safely in-wallet. Now, with fiat-to-crypto transactions enabled, Lumi Wallet stands on par with major crypto wallets. The coming Bitcoin Giveaway Spree is somewhat similar to the EOS Read more …