Category: Cryptocurrency News

In an effort to create a combined stablecoin market crypto exchange Binance has updated its USDT markets. The world’s top exchange by trade volume, Binance, has been tweaking its stablecoin markets recently. According to an announcement yesterday it has renamed all USDT markets to USDⓈ.It went on to state; “Binance has renamed the USDT Market (USDT) to now be a combined Stablecoin Market (USDⓈ). This is to support more trading pairs with different stablecoins offered as a base pair. We Read more …

Major U.S. stock exchange Nasdaq still intends to launch Bitcoin futures and could do so as soon as Q1 2019, Bloomberg reported Nov. 27. Quoting “two people familiar with the matter,” the publication said momentum was building towards a potential launch early next year. The move comes despite the downturn in Bitcoin (BTC) prices to 13-month lows, marking the tail end of a testing year for existing Bitcoin futures products. According to the two unnamed sources, Nasdaq “has been working Read more …

Mining A growing number of Russian miners are looking to sell their hardware. The recent market correction has decreased the profitability of minting digital coins, especially for enthusiasts who are mining in their homes, basements and garages. Also read: Bitcoininfo.ru Wins Court Case Against Ban Russian Miners Selling Used Hardware Amateur mining used to be very popular in Russia, where electricity rates for individual consumers are pretty low. In some Russian regions prices are currently below $0.01 per kWh. The Read more …

Coinbase Wallet, provided by major U.S. crypto exchange Coinbase, has launched support for Ethereum Classic (ETC), according to an official company blog post Nov. 27. Ethereum Classic is the result of a hard fork in 2016, arising out of differences into how to respond to the high-profile DAO hack of the Ethereum (ETH) blockchain. Today’s blog post outlines that the Coinbase Wallet app should update over the “next few days,” after which users will be able to view, send and Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A new bill which will impact electronic wallets and digital payment tokens such as bitcoin has been tabled in Singapore’s parliament. The Payment Services Bill will place the providers of payment services that are not under the regulatory oversight of Money-Changing and Remittance Businesses Act and the Payment Systems Oversight Act under the umbrella of Singapore’s Read more …

Bitcoin looks set to end the month below a key long-term support level for the first time in three years. The 21-month exponential moving average (EMA), which served as a price floor for five months straight, was convincingly breached on Nov. 15. As of writing, the former support-turned-resistance is located at $5,896, while BTC is changing hands at $3,650 on Bitstamp. The drop below the EMA support marks the resumption of the sell-off from the record high of $20,000 reached Read more …

In recent years, as “Bitcoin”, “Ethereum”, and “blockchain” became common sounds in the global vernacular, a number of innovation-friendly corporations and forward-thinking startups have sought to implement this nascent innovation into their businesses. However, while many firms seem good-willed with their blockchain ambitions, some skeptics believe that these corporations could mean ill, or, at the very least, are leveraging 2017’s Bitcoin boom for questionable gains. Ethereum, Blockchain Sometimes Used To Create “Marketing Hype” Since Ethereum’s rise to prominence in 2017, Read more …

Crypto industry investor Anthony Pompliano says Bitcoin (BTC) will likely fall to 85 percent below its all-time-highs – around $3,000. Pompliano gave his forecast during an interview on CNBC’s Squawk Box Nov. 26. The partner at crypto investment firm Morgan Creek Digital Assets argued that while “Bitcoin was overvalued in Dec. 2017” – with selling pressure this year subsequently driving its price downwards – there are several important factors related to the asset’s long-term value that are important to remember: Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The Norwegian government’s decision to scrap tax subsidy on the power conferred to bitcoin miners is prompting them to migrate offshore. According to Erik Svensson, who serves as the director to Boden Business Agency, a Sweden-based data center company, bitcoin miners from neighboring Norway region are interested in moving their data centers to Sweden. He confirmed being contacted Read more …

The Copay wallet from U.S.-based bitcoin payments processor BitPay has been compromised by a hacker, the firm says. Bitpay announced Monday that it learned about the issue from a Copay GitHub report indicating that a third-party JavaScript library used by the apps had been modified to load malicious code. The malware was deployed on versions 5.0.2 through 5.1.0 of its Copay and BitPay wallet apps, and could potentially be used to capture private keys to steal bitcoin and bitcoin cash. Read more …

Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”. Bitmain Allegedly Used Customers Resources to Mine Crypto, Says Lawsuit Defendant Bitmain Technologies is headquartered in Beijing, China, but the Northern California court has jurisdiction over this action because of the Read more …