Cryptocurrency News

Microsoft Revives Nonfungible Tokens, Sparks Industry's Imagination Ever since the game CryptoKitties was released in November 2017, the concept of nonfungible token has been ingrained in the minds of developers and investors in the crypto community. However, 2019 has been the year that NFTs have gained mainstream attention. And it should come as no surprise t

. 5 Bearish Candlestick Patterns Every Bitcoin Trader Must Know As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders.There are many patterns worth learning and understanding — some of the most essential bearish patterns are discussed below. It

PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees.The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences

Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.The Funds Travel Rule requires financial institutions who are sending and/or receiv

. US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month.In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year per

. 43% of Investors Interested in Bitcoin Are Women: Grayscale Survey A report published on Dec. 4 by Bitcoin (BTC) fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women.The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal i

. Europe’s New Regulations Force Bitcoin Service Bottle Pay to Shut Down The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019.Coin

TikTok Owner Reportedly Working With Chinese State Media on Blockchain Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI), reported on Dec. 14. The j

New York AG Finds It ‘Perverse’ For Bitfinex and Tether to Criticize Investigation In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an

Ripple-Based Remittance Firm SendFriend Claims to Save Up to 80% in Fees Blockchain-based money transfer startup SendFriend utilizes Ripple’s technology to save up to 80% in remittance fees, according to a blog post published on Dec. 12.SendFriend uses Ripple’s xRapid product for cross-border payments, converting between the United States dollar, XRP and P

QuadrigaCX Victims Request Proof of Gerald Cotten’s Death By Exhuming Body Canadian law firm Miller Thomson has made a request to the Royal Canadian Mounted Police (RCMP) to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten, the deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX.On Dec. 13, the Miller Thomson lawye

200K Users ‘Already in Line’ for Robinhood’s Fractional Stock Trading More than 200,000 Robinhood clients have already expressed their intent to use its new fractional stock trading app announced yesterday.Vladimir Tenev, co-founder at Robinhood, said that the clients were “already in line” for the app, considering the early signs as “really promis

Sweden's Central Bank to Partner with Accenture to Launch E-Krona Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona.While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is sta

. Price Analysis 13/12: BTC, Cryptos Prepare for Possible ‘Santa Rally’ Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its bear pha

VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet Note: This story has been updated to provide more details about the incident.VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program.

Libra Updates White Paper, Removes Dividends for Libra Association The white paper for Facebook’s proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the biggest change is the removal of

Project Ragnarok: Digix Integrates Dissolution Mechanism for DigixDAO Gold-backed stablecoin issuer Digix has integrated a dissolution mechanism into its DigixDAO platform, created to fund projects which encourage the growth of the Digix ecosystem. Each quarter, DGD token holders will vote on the mechanism — called Project Ragnarok — with DigixDAO only con

. Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020 The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road.In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will

Celsius CEO Says Entire Internet Will Become an Application on the Blockchain Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks."The centralization of the Internet by companies such as Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) has

CV Market Watch™: Weekly Crypto Trading Overview (December 6-13, 2019) Bitcoin (BTC) fell below the $7,300 support level, establishing a new tier just above $7,200. The move downward took a few days, and signalled the return to bearish attitudes.Bitcoin (BTC) Dipped Under $7,200 as Bearish Attitudes ReturnBitcoin (BTC) fell to lows around $7,170 this week,

Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now.According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issu

. Bitcoin Whale ‘Defends’ $7.2K Price With 800 BTC to Win $0.01 in DOGE Bitcoin (BTC) price may have spiked throughout the global market on Dec. 12 due to the actions of a single bagholder — trying to win a $10,000 Dogecoin (DOGE) bet.In an ongoing Twitter exchange, a Bitcoin whale known as Joe007 and Dogecoin supporter Samu publicly jostled for supremacy as it

Lisk's Lightcurve Lays Off 40% of Workforce to Decrease Overheads Blockchain development studio Lightcurve — a part of the Lisk open-source blockchain application platform — laid off 40% of its workforce earlier this week. Lightcurve and Lisk co-founder, Max Kordek, announced the decision earlier this week on Discord, citing a need for the project to cut c

. Justin Sun Having Trouble with Weibo Account? Justin Sun, co-founder of TRON, seems to be having troubles with Weibo, one of the best-used chat services in China. Reports also surfaced of Sun attempting to build new profiles on the platform, and it is currently uncertain which one is the real profile.Dovey Wan, co-founder of Primitive Crypto, has been observing t

Changpeng “CZ” Zhao: China Wants to Control Mining The Chinese government deliberately favors Bitcoin (BTC) mining, and may actually want to centralize the activity and control the network, commented the CEO of Binance, Changpeng “CZ” Zhao._binance/status/1205178744287031296Zhao’s statement was all-encompassing, essentially suggesting China may wan