Thursday, November 21Your Daily Bitcoin & Altcoin News Portal

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Statistical Analysis Reveals Ties That Bind the Cryptocurrency Markets – Bitcoin News

Statistical Analysis Reveals Ties That Bind the Cryptocurrency Markets – Bitcoin News

BITCOIN
Please share if you find this article interesting. Statistical Analysis Reveals Ties That Bind the Cryptocurrency Markets - Bitcoin News Altcoins Predicting the price movements of cryptocurrencies is a dark art that combines technical and fundamental analysis with an understanding of human psychology. A recent analysis dispels a little of that darkness by revealing the interdependence of altcoins. Its findings? When altcoins fall, they often fall in unison. Also read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot Applying Math to the Crypto Markets Traders are well aware of the effect bitcoin’s movements have on the cryptocurrency markets. The price of bitcoin rises and falls like the tide, with altcoins the sand upon the shore. While the tide’s out and
Hooters Investor Joins the Crypto Hype: “Eating a Burger Is Now a Way to Mine!” – Bitcoin News

Hooters Investor Joins the Crypto Hype: “Eating a Burger Is Now a Way to Mine!” – Bitcoin News

BITCOIN
Please share if you find this article interesting. Hooters Investor Joins the Crypto Hype: "Eating a Burger Is Now a Way to Mine!" - Bitcoin News Mining Companies routinely roll out new loyalty programs with much fanfare but arouse little to no excitement from investors, at least until they can show some returns. Now one Hooters franchisee has shown how to change this: just use these magic words: bitcoin, crypto and blockchain. Also Read: Public Firm Faces Class Action Lawsuit for Falsely Claiming Link to Bitcoin Hooters Coin? Chanticleer Holdings Inc. (NASDAQ:BURG) is the owner of several fast food restaurant brands including nine Hooters joints as well as a minority investor in Hooters of America. The company’s stock price jumped by 50% on Tuesday after it announced plans
2017’s Crypto (R)evolution Was Just the Beginning

2017’s Crypto (R)evolution Was Just the Beginning

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 2017's Crypto (R)evolution Was Just the Beginning Bobby Cho is head of global trading at Cumberland, where he oversees one of the largest cryptocurrency and digital asset trading operations. The following article is an exclusive contribution to CoinDesk's 2017 in Review. When we kicked off this year, bitcoin had just topped $1,000 for the first time in three years. It was a signal to the market, but cryptocurrency still lacked serious interest from mainstream banks and institutional investors. Today, we’re looking at a very different market and, as one of the largest liquidity providers in the space, Cumberland has had a front row seat to the evolution — or revolution, depending on your perspective. Over the last several years,
Ripple Pushes Past $3, Reaches Almost Half Bitcoin’s Market Cap

Ripple Pushes Past $3, Reaches Almost Half Bitcoin’s Market Cap

BITCOIN
Please share if you find this article interesting. Ripple Pushes Past $3, Reaches Almost Half Bitcoin’s Market Cap Ripple (XMR), currently the second largest cryptocurrency by market capitalization, has continued its recent rally, crossing the $3 per coin mark. At press time, the altcoin was trading at an average of $3.12. Ripple’s price has increased almost 49,000 percent over the past twelve months. The cryptocurrency passed $2 just last week, seeing a 130% increase since Dec 27. This has cemented Ripple’s number two position with a market cap of $121 bln, almost half that of Bitcoin. What is Ripple? Ripple markets itself as a Blockchain-based payment solution for enterprise level global payment transactions. The addition of the coin on Bloomberg's price terminal in mid-Decemb
African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar – Bitcoin News

African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar – Bitcoin News

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Please share if you find this article interesting. African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar - Bitcoin News Emerging Markets Concerned about the US dollar’s predicted drop in value, and many African countries relying on USD cash reserves, vice president of Groupe Nduom, a leading financial holding company, Papa-Wassa Chiefy Nduom, has taken to Linkedin and Twitter to make the case for less reliance on greenbacks and more investment in bitcoin.    Also read: Jimmy Song Uses Andreas Antonopoulos Model, Open Sources Forthcoming Book Unnecessarily Prolonging Gut-Wrenching Human Suffering on the African Continent “What if this continent could finally build consensus around a new digital reserve asset – and figure out ways to fund infrastructur
Bitcoin Mining ICO Giga Watt is Being Sued for Securities Fraud – Bitcoin News

Bitcoin Mining ICO Giga Watt is Being Sued for Securities Fraud – Bitcoin News

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Please share if you find this article interesting. Bitcoin Mining ICO Giga Watt is Being Sued for Securities Fraud - Bitcoin News Mining Another month, another ICO lawsuit. This time it’s Giga Watt in the firing line, a startup whose aim is to launch a cryptocurrency mining facility. The company describes itself as “the world’s first full-service mining solution provider” and promises “turnkey mining services”. A group of investors are not impressed though, and have filed a lawsuit over project delays that they claim are costing them serious money. Also read: Drafting Laws and ‘Hodling’: U.S. Congress Discusses Cryptocurrency Disclosure Watt’s the Matter? The plaintiffs claim to have contributed around $20 million in cryptocurrency to the Giga Watt ICO last summer. That cryp
Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB Director – Bitcoin News

Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB Director – Bitcoin News

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Please share if you find this article interesting. Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB Director - Bitcoin News Economics While major stock brokers are lining up to add bitcoin futures to their platforms, central bankers are apparently not too happy about it. A member of the European Central Bank (ECB) executive board has called the instruments a threat to the financial stability of the entire banking system. Also Read: After Ripple’s Rise BTC Dominance Falls Below 40% Major Threat to Financial Stability In an interview with German financial daily Börsen-Zeitung, ECB director Yves Mersch sounded the alarm on financial institutions investing in bitcoin futures like those offered by the Cboe and CME. “There are now banks which hold positions in bitco
Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported – Bitcoin News

Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported – Bitcoin News

BITCOIN
Please share if you find this article interesting. Cryptocurrency Mining Soars in Vietnam - Over 7000 Rigs Imported - Bitcoin News Featured The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are not on the list of prohibited items. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details 7,000+ Mining Rigs Imported The Ho Chi Minh City Customs Department has revealed that 7,005 bitcoin mining rigs cleared customs from the beginning of 2017 to the middle of December, local publications reported. Previou
South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations

South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations

BITCOIN
Please share if you find this article interesting. South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations Seoul-based law firm Anguk Law Offices announced Tuesday that it had filed a constitutional appeal on Dec 30 over the South Korean government’s recent cryptocurrency trading regulations, calling them an “infringement of property rights”, The Korea Times reports. The appeal argues that the latest government regulations of cryptocurrency trading released last week, which seek to make trading of virtual currencies in South Korea non-anonymous, are “unconstitutional”. Anguk Law Offices argues that since cryptocurrency is not officially considered a currency or financial instrument in South Korea, there is not an applicable financial law in place to govern t
Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners – Bitcoin News

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners – Bitcoin News

BITCOIN
Please share if you find this article interesting. Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners - Bitcoin News Regulation The People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.  Also Read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot The PBOC Investigates the Power Usage of Bitcoin Mining Tencent Finance said that China’s central bank recently had a closed-door meeting to discuss how to regulate bitcoin mining. Two sources reveal that the authority doesn’t plan to shut down mining farms, but to regulate the power usage of bitcoin miners.  A Sichuan-based bitcoin mining farm owner said that th