Bitcoin 

Are Bitcoin and Other Cryptos Back in a Bear Market After Latest Drop?

On Nov. 8, Bitcoin corrected from $9,200 to $8,650, causing the market sentiment to shift from greed to fear once more.  The correction came after one of the biggest surges in the history of Bitcoin (BTC), which makes the sentiment shift curious. Let’s take a look at the market overview and analyze the charts. Crypto Market Daily Data View. Source: Coin360 Bitcoin loses 200-Day Moving Average as a key indicator The recent correction made Bitcoin price lose the 200-Day Moving Average (MA), which is a key indicator for many traders…

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Bitcoin 

Financial System Blind to Crypto’s Deflationary Impact, Says Analyst

Investment strategist William Peets has pointed to a widespread underestimation of the deflationary impact of cryptocurrencies such as Bitcoin and blockchain for global finance. Peets is currently CIO and portfolio manager for digital asset strategies at Passport Capital.  In an Oct. 30 interview with Real Vision Finance, he said that blockchain represents a generational change in technology with profound implications for the existing financial system — something that most have been too slow to recognize. Redressing macro imbalances Finance is ripe for disruption by crypto and blockchain, Peets said, noting…

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Blockchain 

Swiss Regulator Fears Crypto’s Dark Corners, Libra Not So Much

Mark Branson, head of Swiss financial supervisor FINMA, said that he is more concerned with the dark corners of cryptocurrency than he is with Facebook’s stablecoin Libra. Switzerland will not make Libra impossible On Oct. 1, Reuters reported that Bronson is more wary of crypto projects that develop outside of official scrutiny than he is of Facebook’s Libra project, which he says “is being done transparently.” Branson added: “I am much more nervous about projects which develop in a dark corner in the financial system somewhere, spread themselves out through…

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Ethereum 

Top-20 Cryptos See Major Losses, but Bitcoin Is Up

Sunday, Sept. 22 — crypto markets are seeing a wave of red amid the approaching launch of Bakkt’s physically delivered Bitcoin (BTC) futures on Monday. Bitcoin is the only cryptocurrency out of the top 20 that is attempting to gain momentum today, while the rest are seeing major losses, with some dropping over 7% in the 24 hours prior to press time. Market visualization. Source: Coin360 Bitcoin has continued to hover around the $10,000 threshold throughout the day. At press time, Bitcoin is up around 0.6% and is trading at…

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Bitcoin 

Bobby Lee Takes on Hardware Wallets With New Device for 30+ Cryptos

The founder of China’s first Bitcoin exchange, Bobby Lee, has returned to the cryptocurrency spotlight with the launch of a new wallet.  As confirmed on his social media profiles, Lee, who sold BTCC in 2018, now aims to corner the portable hardware wallet market.  Lee returns with “credit card” hardware wallet His product, Ballet, is a credit card-sized device offering cold storage of Bitcoin (BTC) and fourteen altcoins, including Ether (ETH), XRP and Litecoin (LTC). Another eighteen will be added soon, the project’s website states. Lee unveiled Ballet at the…

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Blockchain 

Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that this is the first compliance alerts solution available for 15 crypto assets. Compliance risk mitigation The tool is meant to help cryptocurrency exchanges and other financial institutions mitigate their regulatory and reputational risks. Michael Breu,…

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Blockchain 

10 Global Enterprises Looking to Issue Their Own Cryptos

The growing popularity of cryptocurrency has led to a revolution in the digital currency industry. Enterprises that were of noncrypto origin now have or plan to have their own crypto product. The 10 years of cryptocurrency’s existence has led to an unprecedented ease of transactions. It has also brought transparency into the e-commerce world. This article discusses 10 of the biggest enterprises in the world, without a cryptocurrency background, that have already created or are in the process of investing resources to develop a digital currency they can call their…

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Ethereum 

Ethereum Classic Name Change Would Get Other Cryptos ‘Rekt,’ Says Dev

Ethereum Classic Labs’ Stevan Lohja says that many top cryptos would be “rekt” by Ethereum Classic (ETC) if it removed “Ethereum” from its name. In a tweet posted on Aug. 11, Lohja — who works as technology coordinator at Ethereum Classic Labs — wrote: “Opinion: Many #cryptocurrency in the top market cap would be absolutely #Rekt by #EthereumClassic if we removed #Ethereum from the brand. I know we are original Ethereum project, but maybe this can be water cooler chatter at summit eh?” Classic X As Cointelegraph has previously reported,…

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Ethereum 

Bitcoin Price Holds $10,000 as Top Cryptos See Mixed Movements

Saturday, Aug. 3 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $10,750 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 3.15% on the day, trading at around $10,778 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 9.56%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, Ethereum co-founder Vitalik Buterin said that the future of crypto is pluralist in response to a recent…

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Cryptocurrency 

Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a hot wallet (a wallet connected to the internet), but other funds held in cold wallets or offline haven’t been affected. The hacking was brought to light when an error appeared in the exchange’s outgoing funds…

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