Monday, March 18Your Daily Bitcoin & Altcoin News Portal

CURRENT EVENTS

CoinMarketCap Crypto Assets Now Feature Flipside Letter Grades

CoinMarketCap Crypto Assets Now Feature Flipside Letter Grades

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. CoinMarketCap Crypto Assets Now Feature Flipside Letter Grades Blockchain analytics startup Flipside Crypto is bringing crypto asset letter grades to a slew of online publishers. The Fundamental Crypto Asset Score (FCAS) metric – which evaluates factors such as developer activity and a broad set of transaction data – was recently added to CoinMarketCap, along with publishers such as MarketWatch, TheStreet and Stocktwits. The move comes ahead of the launch of CoinMarketCap’s first Android app, scheduled for April. Carylyne Chan, head of global marketing at CoinMarketCap, told CoinDesk these easy-to-use metrics will give users a more transparent view of how these assets are evolving. According to Chan, the site attracted 125 millio
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Overstock Delays E-Commerce Business Sale, Deferring Cash for Crypto Ventures

Overstock Delays E-Commerce Business Sale, Deferring Cash for Crypto Ventures

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Overstock Delays E-Commerce Business Sale, Deferring Cash for Crypto Ventures Overstock has put off plans to sell its flagship retail business, delaying a large cash infusion that it was hoping to get for its portfolio of blockchain ventures. The company had originally aimed to sell the e-commerce business by the end of February, but on a conference call to discuss fourth-quarter results Monday, CEO Patrick Byrne indicated it no longer had a firm timeline, telling shareholders: “It’s like preparing a souffle, and a souffle is ready when it’s ready.” Indeed, Byrne talked as if Overstock was expecting to hold on to its original business for a while, saying he expected “a year of explosive growth” for the retail unit, which will “
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Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies. In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations. The company said the card would address the hurdles that come with making payments directly with cryptocurrencies. “Currently, spending crypto is a long and difficult process involvi
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Coinbase Pro Has Good and Bad News Regarding Fees for Traders

Coinbase Pro Has Good and Bad News Regarding Fees for Traders

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Coinbase Pro Has Good and Bad News Regarding Fees for Traders Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent, but that will be shared between makers and takers, while currently takers pay the full fee. The $10 million to $50 million bracket also sees the 0.20
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An Old Resistance Hurdle Is Back and Could Stall Bitcoin’s Price Rally

An Old Resistance Hurdle Is Back and Could Stall Bitcoin’s Price Rally

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. An Old Resistance Hurdle Is Back and Could Stall Bitcoin’s Price Rally View Bitcoin clocked highs above $4,000 over the weekend and closed last week on a positive note, strengthening the short-term bullish outlook. The ongoing recovery rally, however, could pause around $4,000 or fall back to key support levels lined up at $3,775 and $3,658, as the bearish (downward sloping) 21-week simple moving average (SMA) is currently lined up at $4,073. That SMA served as a stiff resistance last year. Bitcoin’s outlook as per the daily chart would turn bearish if prices see a UTC close below the Feb. 27 low of $3,658. That would open the doors for a re-test of lows near $3,300 seen at the end of January. Bitcoin’s (BTC) four-week price rall
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Bitcoin’s Price and Network Activity: One is Outpacing the Other

Bitcoin’s Price and Network Activity: One is Outpacing the Other

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin’s Price and Network Activity: One is Outpacing the Other Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem. The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any point during the last 24 hours, total 664,064 as of March 16– up 17 percent from 569,812 seen on Jan. 20. Bitcoin’s 30 day average price, however, has increased just 1 percent during the same time span, according to Coinmetrics. An uptick in active addresses is taken by many as a sign of the cryptocurrency’s increasing popularity or inves
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Caution and Crypto Custody: Convenient Companions

Caution and Crypto Custody: Convenient Companions

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Caution and Crypto Custody: Convenient Companions Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. _______ In the big-stakes world of institutional custody, it pays to be cautious. In the fast-growth world of crypto assets, though, this can be a barrier, leaving latecomers with underperforming returns as infrastructure providers scramble to catch up with those that were braver. Or at least, so the legend goes. In crypto, however, things are generally not as straightforward as they seem. And
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I Got the Mark of the Beast – And It Will Hold My Bitcoin

I Got the Mark of the Beast – And It Will Hold My Bitcoin

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. I Got the Mark of the Beast – And It Will Hold My Bitcoin “What happens when you need an MRI?” Someone answers for me: “You die an excruciating death… Actually, they remove them painfully quickly or the machine does.” I’m sure these paranoid, exaggerated remarks didn’t help as I sat down at the folding table in front of a large man with a 14-gauge needle. I was sweating through my shirt. “Are you gonna pass out?” he asks. “I don’t think so.” It’s literally right on my face – in the form of a septum piercing – that I’m pretty familiar with needles. “Three, two and one,” the man with the needle said as he pushed it into the squishy part of my left hand, between my thumb and index finger. It was all of one second of pain, and then i
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Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount of bitcoin trade volume had closely aligned with it’s price trend for years, but upon closer examination, the close connection ended during the latest marke
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Strong Bitcoin Volumes Bode Well for Price Breakout

Strong Bitcoin Volumes Bode Well for Price Breakout

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Strong Bitcoin Volumes Bode Well for Price Breakout View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. Trading volumes have been strong since the corrective rally kicked off in early February, so a range breakdown looks unlikely. Prices could first see a drop below $3,865 (March 12 low) due to the extended consolidation. That said, the short-term outlook would turn bearish only if the higher low of $3,743 created on March 3 is breached Bitcoin’s current period of price consolidation m