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. As recently reported by Bloomberg, the head of policy at Coinbase, Michael Lempres is leaving the company for a position at a venture capital firm. He was promoted back in September when Brian Brooks took over his post as a chief legal and risk officer, a role that Lempres served as for over a year. Coinbase Read more …
Category: Cryptocurrency News
Bitcoin Price Watch: BTC/USD Buyers Facing Uphill Task
Key Points Bitcoin price struggled to break the $4,120 resistance area and declined against the US Dollar. Yesterday’s highlighted crucial bearish trend line is active with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to struggle to clear the $3,900 and $4,000 resistance levels in the near term. Bitcoin price remained below the $4,000 barrier against the US Dollar. BTC/USD could decline below $3,600 if it fails to move Read more …
Central Bank to Decide Fate of Cryptocurrency Issuance
Economy & Regulation Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: “don’t do it”. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian country’s central bank. Also read: Law Firm: South Africa’s Draft Law Could Affect Cryptocurrency Use Wait for Central Bank Guidance “Don’t do it without Bank Negara’s guidelines or directive on the matter to avoid Read more …
Bitcoin SV Enters Top Ten
Losing gains, markets falling again; Stellar, Monero, Neo hurting, Bitcoin SV bouncing into seventh. Crypto markets have failed to hold their gains from yesterday’s rally and are sliding back again today. Total market capitalization has fallen back below $125 billion as it eyes another new low this week. A baby bounce that saw Bitcoin get back to $4,000 died as quick as it started as BTC is falling again today. Over the past 24 hours Bitcoin has bounced off support Read more …
Cardano, Litecoin, Monero, EOS, Stellar Lumens Price Analysis
Generally, altcoins are on a downtrend and as long as Bitcoin is under immense sell pressure then they shall continue printing lower lows that’s unless there are specific coin news to jolt prices altering our Litecoin, Stellar Lumens, EOS, Monero or Cardano price analysis Let’s have a look at these charts: EOS Price Analysis Even though EOS is now the fourth valuable coin in the space thanks to the upheavals at Bitcoin Cash, the coin’s valuation is on a decline Read more …
Abu Dhabi Bank Settles $500 Million Bond on a Blockchain
Abu Dhabi-headquartered Al Hilal Bank has carried a blockchain-based transaction for an Islamic bond worth $500 million. The bank, an investment arm of the Abu Dhabi government, announced Monday that it settled the Islamic, shariah-compliant bond, or sukuk, worth $500 million on the secondary market, using blockchain tech. The bond is maturing in September 2023. On the tech side, Jibrel Network, a UAE-based fintech startup, assisted the bank with necessary blockchain tools and infrastructure to facilitate the transaction. The bank Read more …
US SEC Chairman Clayton Keeps Quiet on ICO, ETF Regulation Updates
The chairman of the U.S. Securities and Exchange Commission (SEC) Jay Clayton reiterated the regulator’s strict stance on Initial Coin Offering (ICO) compliance in fresh comments to CNBC Nov. 26. Speaking in an interview with CNBC, during which presenters mentioned the recent enforcement deals with ICOs Paragon and Airfox, Clayton underlined the need to conduct public token sales with U.S. consumers in line with SEC guidelines. “We’ve had no ICOs register [with the SEC],” he told reporters, adding: “To the Read more …
Bitcoin Price Drops 7% Again as Crypto Market Struggles to Retain Momentum
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. Throughout the past 24 hours, the price of Bitcoin (BTC) dropped from $4,065 to $3,600, reversing a short-term corrective rally. The dominant cryptocurrency has been on a steep downtrend for several weeks but on November 26, for a brief of time, Bitcoin seemed to be initiating a corrective rally after reaching a new yearly low at Read more …
Ethereum Classic Price Analysis: ETC/USD At Risk Of Break Below $4.00
Key Highlights Ethereum classic price is under pressure below the $5.00 resistance against the US dollar. There is a major bearish trend line formed with resistance at $4.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to struggle above $4.50 and it could even break the $4.10 low in the near term. Ethereum classic price declined further against the US Dollar and Bitcoin. ETC/USD could accelerate losses below $4.10 and $4.00 if Read more …
ETH/USD Price Hover above $100, Risk of $38?
Latest Ethereum News Thing is, Ethereum is designed as a world’s super computer. It can work in isolation as a crowd funding and a dApp building platform where investors can get in via fiat-crypto on ramps as a means of direct investment in promising products. At the same time, companies can build their systems over Ethereum thanks to the underlying security and efforts by the team to solve scalability and further bolster the network security despite slumping ETH prices. But Read more …
Sweden Expects to Attract Norwegian Miners Amid Concession Cuts
Mining With Norway set to revoke electricity subsidies for cryptocurrency miners from January 2019 onward, Swedish data centers are anticipating a wave of inquiries from mining companies seeking to domicile in Sweden. Also Read: Silk Road Fake Murder Mystery May Be Solved Data Centers See Demand from Miners Leaving Norway Local media outlets have reported that Sweden’s data centers expect a wave of interest from miners leaving Norway, following reports that the government will repeal electricity concessions. As of January 2019, Read more …
Why 2019 Could Be Its Year
An established digital asset exchange has announced it is holding a summit in Singapore to explore new opportunities in the marketplace – creating a platform where crypto enthusiasts can detect industry trends and debate what the future holds after a volatile year. Bibox, an exchange enhanced by artificial intelligence (AI,) is hosting a summit on Nov 29, and hopes the event will give investors an insight into the strategic changes that lie ahead in 2019. The company says that token bonds Read more …