Cryptocurrency

The 24 hour volume for $BTC/USDT on Binance is $362,787,586. This volume weight is moderate to heavy when compared with Binance daily trading levels for $BTC over the last month. The total 24 hour volume for all reporting $BTC markets is $6,904,255,318. Remarks After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The Bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT is trading between a 24hr high of $4450.38 and a 24hr low of $4125.65 on a 24hr Binance volume of $362,787,586. This trading volume is moderate to heavy. The weekly price trend is mixed. There is some suggestion in the crypto industry that a rally is underway. Hold on folks, not so fast. We’re seeing a corrective bounce from the yearly low of $3652.66 after $BTC hit its lowest price since February...

After a day of relatively large gains, the overall cryptocurrency markets has held steady and have not yet surrendered their recent gains to the bears. Despite its apparent stability at its current price levels, there could be further losses to come according to one analyst. At the time of writing, Bitcoin  is trading up 3% at its current price of $4,340, holding steady after rising from weekly lows of $3,600. Although Bitcoin is trading up approximately 20% from its recently set 2018 lows, it is still down significantly from its recent highs of $6,600. In a recent blog post titled “ What Bear Markets Look Like ,” Fred Wilson, the co-founder of Union Square Ventures, warned investors against getting too excited at the recent pump, explaining that further losses could be right around the corner. “But for those of us who were investing in tech and tech startups back in 1999-2002, that time will forever be etched in our minds. It was a brutal period during which our belief in the Int...

Bitcoin has climbed back over the psychological $4,000 mark after falling as low as $3,600 last week amid a rout that has wiped billions from the market capitalizations of the world's biggest cryptocurrencies —despite the head of the U.S. Securities and Exchange Commission (SEC) warning a much-anticipated bitcoin exchange-traded fund is "unlikely" any time soon.  The bitcoin price has added almost 10% over the last 24 hours as investors and traders fight back against a massive sell-off that has gripped the sector since the bitcoin cash cryptocurrency became embroiled in a civil war , resulting in a so-called hard fork that meant it split into two separate digital tokens. Bitcoin's bounce carried over to most other major cryptocurrencies, including Ripple's XRP, Ethereum's ether, and stellar lumens —all of which added around 5% over the last 24 hours. Bitcoin investors have pinned their hopes for a major price rally on institutional investment in the cr...

ASUS is the latest technology giant to hop on the cryptocurrency mining bandwagon. The Taiwanese manufacturer is now encouraging gamers to mine cryptocurrency when they’re not playing games. Putting to use their idle graphic cards, ASUS gamers will be able to mine cryptocurrency and cash out their earnings through PayPal or WeChat. The company has partnered with blockchain technology provider Quantumcloud, which has developed the mining software. Details about which cryptocurrencies will be available to mine are suspiciously missing from the announcement. According to ASUS though, the whole operation is GDPR-compliant, which means Quantumcloud doesn’t store any sensitive customer information. There is also no mention of how much gamers can earn – and whether ASUS or Quantumcloud will keep any cut from their mining profits. We’ve asked ASUS about this and we’ll update our piece when we hear back. In any case, gamers shouldn’t expect to make a fortune from this activity. “ You won’t...

The CEO of blockchain startup AriseBank, Jared Rice, is facing up to 120 years in prison for duping numerous investors out of $4 million in a cryptocurrency scheme. Rice promised his cryptocurrency would offer Visa-like functionality, but instead he spent investors’ Bitcoin on hotels and clothes. Rice allegedly misled would-be investors that AriseBank – which aimed to be the “first decentralized banking platform” – could offer FDIC -insured accounts and banking services, including Visa-brand credit cards and other cryptocurrency services, according to Northern District of Texas US Attorney, Erin Nealy Cox. In reality though, Texas-based AriseBank had not been been authorized to operate in Texas, was not FDIC-insured, and did not have any agreements with Visa in place, a statement on the US Department of Justice’s portal suggests . Still though, that didn’t stop Rice from promoting his cryptocurrency and raising millions of funds from investors – funds that he allegedly spent on hot...

FOMO Moments Markets are still gaining, Bitcoin SV, Cardano, Tron and Verge on the up. The recovery on crypto markets has continued for a second day but has slowed down somewhat. Percentage gains today are less than what they were yesterday but market capitalization is approaching $140 billion once again. Many are calling a ‘dead cat bounce’ on Bitcoin indicating that it will meet resistance at $4,200 and plunge back into the depths below $4,000 again. BTC has made 7% on the day and reached this resistance level just passing it to clear $4,300 few hours ago. Ethereum has not been so fortunate with a smaller gain on the day to take it just above $120. ETH is really struggling at the moment with the threat of further ICO selloffs and EOS and Tron snapping at its heels. Most altcoins are in the green again today but gains are smaller. Leading the way in the top ten at the time of writing is Cardano which has reversed yesterday’s dump to gain 12% back again. Stellar has remained above EOS...

Bitcoin saw a double-digit rebound Wednesday after weeks of struggling to recover above the $4,000 mark. The world's largest cryptocurrency spiked as much as 16 percent, hitting a high of $4,341.44, according to data from CoinDesk. The upward move was an abrupt turnaround from bitcoin 's terrible Thanksgiving week. The cryptocurrency tanked 35 percent over seven days, falling below $3,500 for the first time in 14 months. At one point, it was down 80 percent from its all-time high and within range of its worst-ever bear markets. Other major cryptocurrencies also rallied Wednesday afternoon. XRP , the second largest by market cap, rose 12 percent. Ether , the third biggest, was up 14 percent, according to CoinMarketCap.com. The entire cryptocurrency market capitalization rallied by more than $20 billion in 24 hours, according to data from CoinMarketCap. Bitcoin is still deeply in the red this year. The cryptocurrency has dropped by more than 68 percent in 2018, and is n...

Singapore -based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty. Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders an opportunity to open both long and short positions. Huobi notes that Huobi DM is currently in beta testing and is not available for customers in the U.S. , Singapore, Israel , Malaysia , and Hong Kong , among others. Earlier this month, Huobi Group created a Communist Party branch, Beijing Lianhuo Information Service (BLIS), as part of its obligatio...

Despite the recent bear markets that took BTC to a low of $3700, the chairman of New York Stock Exchange is confident about Bitcoin and Cryptocurrencies. Jeff Sprecher is also the CEO of ICE (Intercontinental Exchange) and is Kelly Loeffler’s (CEO of Bakkt) husband. Jeff was very confident about Bitcoin’s future at the Consensus conference in New York. “There are thousands of other tokens that you could argue are better, but yet bitcoin continues to survive, thrive, and attract attention.” he said. Michael Casey from Coindesk, Kelly Loeffler of Bakkt, and Jeffrey Sprecher, CEO of ICE & the NYSE discuss Bakkt’s partnership with Starbucks and their interest in bitcoin and crypto #ConsensusInvest pic.twitter.com/wRh2cVHkKr — Eric C. Jansen (@FiniviFA) November 27, 2018 Bakkt will launch in January 2018 Bitcoin futures will be traded on Bakkt which is scheduled to be launched on January 24, 2019. Bakkt holds a very bullish sentiment for Bitcoin as it opens BTC trading in a...

FOMO Moments Markets are still gaining, Bitcoin SV, Cardano, Tron and Verge on the up. The recovery on crypto markets has continued for a second day but has slowed down somewhat. Percentage gains today are less than what they were yesterday but market capitalization is approaching $140 billion once again. Many are calling a ‘dead cat bounce’ on Bitcoin indicating that it will meet resistance at $4,200 and plunge back into the depths below $4,000 again. BTC has made 7% on the day and reached this resistance level just passing it to clear $4,300 few hours ago. Ethereum has not been so fortunate with a smaller gain on the day to take it just above $120. ETH is really struggling at the moment with the threat of further ICO selloffs and EOS and Tron snapping at its heels. Most altcoins are in the green again today but gains are smaller. Leading the way in the top ten at the time of writing is Cardano which has reversed yesterday’s dump to gain 12% back again. Stellar has remained above EOS...

Bitcoin saw a double-digit rebound Wednesday after weeks of struggling to recover above the $4,000 mark. The world's largest cryptocurrency spiked as much as 16 percent, hitting a high of $4,341.44, according to data from CoinDesk. The upward move was an abrupt turnaround from bitcoin 's terrible Thanksgiving week. The cryptocurrency tanked 35 percent over seven days, falling below $3,500 for the first time in 14 months. At one point, it was down 80 percent from its all-time high and within range of its worst-ever bear markets. Other major cryptocurrencies also rallied Wednesday afternoon. XRP , the second largest by market cap, rose 12 percent. Ether , the third biggest, was up 14 percent, according to CoinMarketCap.com. The entire cryptocurrency market capitalization rallied by more than $20 billion in 24 hours, according to data from CoinMarketCap. Bitcoin is still deeply in the red this year. The cryptocurrency has dropped by more than 68 percent in 2018, and is n...

FOMO Moments Markets rebound again, but have a long way to go; Monero, Nem and Zcash rising Bitcoin SV dumping hard. There has been another rebound today as markets bounce between two low levels. Yesterday’s decline has reversed as that $7 billion has been funneled back into crypto today to take market capitalization back over $130 billion again. Bitcoin has pulled back the 7% it lost yesterday to take it back above $4,000 again, but only just. BTC hit that support zone of $3,650 for the third time yesterday and bounced off it again. A short spurt a few hours ago has propelled Bitcoin back towards its resistance level at $4,100 which it has also hit a couple of times. Ethereum is slow to do anything these days though it has been dragged back from the sub $100 cliff by 7% to $115 at the time of writing. It is completely tethered to the movements of Bitcoin at the moment as most cryptos are. Altcoins are generally in the green during the day’s Asian trading session. The biggest climber ...

Yesterday, the price action of Bitcoin was positive against the USD . The first largest cryptocurrency per market capitalization had a 16% boost in price within a few hours. As expected, other cryptocurrencies started rising with Bitcoin leading to a spike in market capitalization. BTC was able to move from $4,041 to $4,300. The rally led to a 20 billion dollar rise in the market capitalization of all cryptocurrencies. This marked a break of the descending channel that has been ongoing for a while now. Bitcoin (BTC) Bounces Back Along With The Cryptocurrency Market Following the bloody thanksgiving week, this turnaround was just what the market needed. Keep in mind that within a seven day period, Bitcoin fell by 35%. This was the first time the cryptocurrency was falling that low in the past $14 months. This also marked an 80% dip into its all time high. Bitcoin (BTC) Price Today – BTC / USD As the price of BTC increased, the price of other cryptocurrencies started to increase as ...

Advertisement 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 . Within the past 24 hours, the crypto market has added $19 billion to its valuation as the price of Bitcoin (BTC) surged to $4,300. After dropping to the low $3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed the rest of the cryptocurrency market to recover. Major digital assets like Stellar (XLM) , Cardano (ADA) , Monero (XMR) , and TRON (TRX) recorded gains in the range of 7 to 25 percent. TRON’s 33% Price Surge In a 24-hour span, the price of TRX spiked 33 percent from $0.012 to $0.016, recording the largest daily gain out of all major cryptocurrencies. The sudden increase in the price of TRX is said to have been triggered by the integration of TRON by BitTorrent, the world’s most widely utilized torrent...

Bitcoin mining firm Canaan Creative has revealed it is temporarily cutting prices across all of its crypto mining devices. As part of its “flash sale” starting today, all of the company’s miners – from the Avalon 921 (20 terahashes per second) to the Avalon 851 (14.5 TH/s) – are all available at $200 each. A representative of the company, Steven Mosher, told CoinDesk that the sale currently had no set end-date and that it had sufficient inventory for all miners except the Avalon 911, which is sold out. Mosher further explained that Canaan was “celebrating” the price of bitcoin  leaping  over 11 percent yesterday following recent losses. With miners’ profitability suffering recently amid low bitcoin prices, he said there were “concerns people were turning off machines and smaller guys were getting out of the market, and that everyone is sitting and waiting.” He continued: “I’m looking and I see [bitcoin] rebound, it’s up to $4,300 and my thinking was, I’m goin...

Advertisement 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 . NTC Services AS revealed that a foreign investor had stopped an $116 million investment into a crypto mining facility which was going to be built in Norway’s Tydal municipality. The data center consultancy told E24 that the investor went cold feet after hearing about the Norwegian government’s decision to exempt crypto mining centers from electricity tax subsidies. He decided to cancel the arrangement that took several staff-years to reach a balanced conclusion. “It was about one billion [NOK] in investment,” explained Erik Vennemoe, partners with NTC Services. “Everything was planned, and the data center should have been in operation as of July next year. Then the statement came from the government, and then it stopped the next day.” As reported on CCN earlier, the Norwegian government ruled by the Christian Demo...

Ohio has a message for blockchain enthusiasts: The Buckeye State wants your business. That memo was a key driver of the state's decision to accept bitcoin for taxes, Ohio's state treasurer Josh Mandel told CNBC this week. As of Monday, Ohio became the first state where business can pay their taxes in cryptocurrency. Mandel, 41, said the decision was twofold: It increases "options and ease" for taxpayers, and it opens the door to software engineers and tech start-ups. "We're doing this to plant the flag in Ohio as a national and international leader in blockchain technology," Mandel told CNBC at the Consensus Invest conference in New York this week. "We really want to roll out the red carpet and welcome all sorts of blockchain companies to Ohio — not just in the cryptocurrency space but in a variety of different use cases." States tend to compete for software engineers and new businesses, Mandel said. By being open to bitcoin, the idea is...

These companies keep the eco-system of blockchain alive. Getty When you write about blockchain and cryptocurrency you tend to get a lot of emails offering CEO interviews, background on emerging ICOs and everything in between. I thought it would be interesting to go through some of the companies who have reached out to me and take a look at exactly what they do and who they serve.   I was amazed to see that a full-service industry now exists to propel that startup (the one you haven’t heard of yet) to glory, and so I dived a bit deeper to figure out just what help a successful ICO might need. Indeed, the industry isn’t made up of blockchain companies alone; there are vital supporting services that make up the ecosystem. Despite having a science-fiction/futuristic ring to it— the blockchain industry is no lone wolf.   In the world of financial technology, it really is evolve or die. So here are my top 3 from each section of the blockchain and crypto industry of who I...

Compliance with GDPR. Pexels.com The aftermath of GDPR is still unraveling. But one thing is clear for certain – a lot of companies still struggle to make sense of how the new provisions apply to the blockchain. To recap, new rules require companies operating in the EU or catering to EU-based customers to enforce the following consumer rights in regards to data storage: Provide clear information about the type of data being collected and obtain user’s explicit consent to that. Give users the right to access their personal data, request corrections and/or withdraw their permission to use that data. Delete personal data once the need for its storage expiries and/or when the user withdraws their consent for the storage of that data. The operational impact of GDPR While it’s early to talk about the definitive consequences of GDPR at this point, there are some notable developments worth mentioning. After an investigation in The Netherlands, Microsoft may be due to pay a he...