Month: November 2019

The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day. According to Skew Markets, Bitcoin has been more volatile than other major cryptocurrencies like Ethereum in the past week, which does not tend to happen due to the discrepancy in liquidity between BTC and alternative cryptocurrencies. The volatility of Bitcoin’s marked increase following a six-month Read more …

After sustained growth over the past three months, computing power on the bitcoin network has seen a fallback as the summer rainy season trails off in China. According to data from Poolin, the world’s largest bitcoin mining pool by real time hash rate, bitcoin’s seven-day average computing (or hashing) power has dropped to around 90 exahashes per second (EH/s) since Oct. 24, signaling that some miners have been unplugging from the network. It had previously been estimated that the hash rate Read more …

Over 10 million blockchain-based invoices have been issued in Chinese tech capital Shenzhen, according to the Shenzhen Tax Service, as reported by English-language local news outlet Xinhuanet on Nov. 1.  Tencent-developed blockchain platform The tax agency also noted that the city is also actively promoting blockchain-enabled electronic billing. Shenzhen’s blockchain invoice system is reportedly developed by Chinese internet giant Tencent — the developer of the social media platform WeChat — together with the tax bureau of Shenzhen. The news comes Read more …

Binance has told its customers to take precautions as BitMEX announces a mass leak of its users email addresses from an internal error.  BitMEX Displays Private Data in Mass Email Recently, BitMEX users discovered that they could openly view the email addresses of other users after they received an official email related to an update. BitMEX sent the email to everyone and mistakenly listed all the email addresses in carbon copy (CC) rather than in blind carbon copy (BCC), which Read more …

Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency. A Fortune report published on Nov. 1 pointed to the fact that digital currency looks poised to play an increasingly important role in the standoff between the two superpowers.  China making “very large macros plays” As Mike Wasyl — managing partner at DeerCreek, a fintech-focused corporate strategy firm that works across Asia-Pacific and the U.S. — told Read more …

View Bitcoin’s repeated defense of the 200-day average support indicates an end of the pullback from $10,350 and scope for a bounce to the 100-day average at $9,601. A UTC close above that level and a further rise to above $10,000 cannot be ruled out, as the recent pullback from $10,350 lacked volume support. Acceptance below the hourly chart support of $8,977 would weaken the case for a bounce in the next 24 hours. Bitcoin looks primed for a price Read more …

Dubai-based multi-currency and spot/futures exchange, BTSE, unveiled its Monero (XMR) futures trading, Oct. 31. The move makes it one of the first and only exchanges offering futures contracts on the privacy-focussed cryptocurrency. Bucking the trend of exchanges delisting privacy-focused coins BTSE is a relatively unknown, low-volume exchange that is licensed by the Department of Economic Development, Government of Dubai and is under the regulations of the Central Bank of United Arab Emirates, according to its website.  The decision to list Read more …

Security token startup Harbor has secured a transfer agent license from the U.S. Securities and Exchange Commission (SEC). A month after receiving a broker-dealer license from the same agency, Harbor was granted the license Thursday to better ensure interest and dividend payments to investors. The firm is the first blockchain company to be granted both licenses. Transfer agents act as liaisons between firms, investors and regulatory bodies by keeping track of investment certificates. If a wallet contained security tokens is Read more …

Binance may have taken another step toward launching a crypto exchange arm in South Korea. Binance’s presence the Korean market was confirmed Friday by CoinDesk Korea, after the company registered Binance Co. Ltd. with local authorities on Oct 29. The new arm – which has Binance CFO Wei Zhou as co-representative – comes on the heels of suggestions that Binance intends to open a Beijing office, complementing an office in Shanghai, though it’s not to be an exchange due to local Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. After the devastating news of the removal of offline cash trades and the new vigorous and intrusive KYC policy from popular P2P Exchange Platform (Localbitcoins) the community needed an alternative. We’re happy to announce the arrival of GlobalBitcoinsPro.com which has been created to Read more …

Advertisment The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom. From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced Read more …

Crypto derivatives exchange BitMEX has accidentally leaked user emails by forgetting to use blind copy (bcc) on a mass email.  The incident was acknowledged by BitMEX in an official statement published today, Nov. 1. Cointelegraph’s editorial team in Japan have independently revealed that a staff member was the recipient of the BitMEx newsletter in question. “Outrageously incompetent” In a tweet posted on Nov. 1, crypto-focused lawyer Jake Chervinsky characterized BitMEX’s accidental public sharing of user email data as a simple Read more …