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Showing posts from December, 2020

The future of cryptocurrency isn’t as bright as its fans think - Mint

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The future of cryptocurrency isn’t as bright as its fans think - Mint The future of cryptocurrency isn’t as bright as its fans think - Mint XRP Fights Delisting Announcements, Cryptocurrency Price Stays above $0.20 - Finance Magnates Ternio CEO: Crypto’s Transformation Will Come From The Fed, Not Bitcoin - pymnts.com The future of cryptocurrency isn’t as bright as its fans think - Mint Posted: 30 Dec 2020 07:18 AM PST As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency. Cryptocurrency serves some useful purposes. But there are some pretty wild speculations going around. One of the more fundamental problems is that crypto assets can be either useful hedges or useful forms ...

As The Bitcoin Price Surges, Coinbase CEO Brian Armstrong Issues ‘Worrying’ Bitcoin And Crypto Warning - Forbes

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Bitcoin has continued to climb over the last week, adding to a more-than-50% gain through December. The bitcoin price has brushed $30,000 per bitcoin during the last 24 hours, hitting $29,300 per bitcoin on the Luxembourg-based Bitstamp exchange, up four-fold from the beginning of 2020 and on track for its biggest monthly gain since May 2019. Now, after the U.S. Treasury department proposed new "onerous" new bitcoin and crypto regulations, the chief executive of one of the world's biggest exchanges, Coinbase, has warned they pose "a substantial intrusion into your privacy without good reason"—and called on the bitcoin and crypto community to "voice your concerns directly" with the Treasury. MORE FROM FORBES Second Stimulus Check: How Bitcoin Could Have Made Your First Worth Almost $5,000 By Billy Bambrough The bitcoin price has come within touching distance of $30,000 per bitcoin this week, with the ... [+] bitcoin and cryptocurrency community ...

Cryptocurrency XRP Is in Free Fall With Exchanges Delisting Coin - Mint

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Cryptocurrency XRP Is in Free Fall With Exchanges Delisting Coin - Mint Cryptocurrency XRP Is in Free Fall With Exchanges Delisting Coin - Mint Cryptocurrency exchange Coinbase to suspend XRP trading - South China Morning Post Andrew Keys: 16 Ethereum Predictions From a Crypto Oracle - CoinDesk - CoinDesk Bitcoin surges to record $28,500, quadrupling in value this year - The Guardian Cryptocurrency XRP Is in Free Fall With Exchanges Delisting Coin - Mint Posted: 29 Dec 2020 09:05 PM PST XRP continued its plunge after Coinbase became the latest U.S. crypto exchange to remove the world's fourth-biggest coin in the wake of an SEC lawsuit against Ripple Labs Inc. XRP tumbled 37% Tuesday, bringing its drop to 60% in the week since securities regulators accused Ripple of issuing more than $1 billion in unregistered tokens. Coinbase said Tuesday that it will fully suspend trading XRP on Jan. 19, but will contin...

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish - CoinDesk - CoinDesk

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Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of 21:00 UTC (4 p.m. ET). Gaining 0.37% over the previous 24 hours. Bitcoin’s 24-hour range: $25,875.05-$27,117.95 (CoinDesk 20) BTC between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Dec. 23 Source: TradingView With limited institutional trading activity during the final days of 2020, traders and analysts told CoinDesk the recent price movement has been largely driven by retail investors. “It’s quite unusual for the past whole week being like this, given it’s a holiday season. Usually during the holiday season...

Bitcoin price rally cools down as Polkadot gains 34% in first week of ‘altseason’ - Cointelegraph

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Bitcoin (BTC) fell below $26,000 on Dec. 29 as fresh fallout from Ripple’s threatened lawsuit with the United States Security and Exchange Commission was felt throughout crypto markets. Cryptocurrency market overview. Source: Coin360 BTC price dips as Coinbase halts XRP trading Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD hitting lows of $25,830 during Tuesday trading. $27,000 support failed to hold overnight, sparking a retest of lower levels that now center on $26,000. On the weekend, Bitcoin hit all-time highs of $28,400 before swiftly reversing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView The latest losses come as XRP, the fourth-largest cryptocurrency by market cap, hits $0.23 thanks to major U.S. exchange Coinbase opting to suspend trading from next month. The SEC’s lawsuit against the token threatens to classify XRP as an unlicensed security and make trading it legally impossible. “There is going to be a rangebound constructi...

Cryptocurrency exchange Coinbase to suspend XRP trading - South China Morning Post

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Cryptocurrency exchange Coinbase to suspend XRP trading - South China Morning Post Cryptocurrency exchange Coinbase to suspend XRP trading - South China Morning Post Chart points to bitcoin ‘peaking out’ in early 2021, trader says - CNBC Coinbase halts trading of XRP following SEC suit against Ripple - The Verge Petition Launched To Extend Comment Period On Cryptocurrency/Bitcoin Self-Custody Regulations - Forbes Bitcoin-mining stocks surge after the cryptocurrency passes $28000 for the first time - Business Insider Cryptocurrency exchange Coinbase to suspend XRP trading - South China Morning Post Posted: 28 Dec 2020 06:36 PM PST [unable to retrieve full-text content] Cryptocurrency exchange Coinbase to suspend XRP trading    South China Morning Post Chart points to bitcoin ‘peaking out’ in early 2021, trader says - CNBC Posted: 28 Dec 2020 03:40 PM PST B...