Friday, June 22Your Daily Bitcoin & Altcoin News Portal

CURRENT EVENTS

John McAfee Won’t Promote ICOs Anymore Because of ‘SEC Threats’

John McAfee Won’t Promote ICOs Anymore Because of ‘SEC Threats’

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Please share if you find this article interesting. John McAfee Won't Promote ICOs Anymore Because of 'SEC Threats' John McAfee, the cybersecurity tycoon-turned-cryptocurrency backer said Tuesday that he will end his work on initial coin offerings (ICOs). In a tweet, McAfee cited "SEC threats" when revealing that he would stop working on token sales or recommend them to his 800,000-plus followers on Twitter. It represents the end of what was reportedly a notable line of business, with McAfee revealing in April that his ICO team was charging more than $100,000 for a single promotional tweet, according to a report from The Verge. McAfee's statement follows a period of sustained criticism against the Securities and Exchange Commission (SEC), the U.S. securities market regulator tha
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Tron Price Spikes After Blockchain Founder Acquires BitTorrent

Tron Price Spikes After Blockchain Founder Acquires BitTorrent

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Please share if you find this article interesting. Tron Price Spikes After Blockchain Founder Acquires BitTorrent Tron (TRX) is reporting double-digit gains on Tuesday and is the biggest gainer among top 100 cryptocurrencies. The cryptocurrency seemingly picked up a bid after reports started doing the rounds that Tron Foundation founder Justin Sun acquired BitTorrent - the owner of popular file-sharing client uTorrent - for $140 million. Rumors of the acquisition have been floating around since the end of May and the deal was reportedly signed last week. As of now, it is unclear how the acquisition will help TRON cement its reputation as a truly decentralized internet. Though Sun is generally rather vocal, he has remained unusually silent about the deal. Nevertheless, the acquisi
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$7k? Bitcoin Price Looks North After Six-Day High

$7k? Bitcoin Price Looks North After Six-Day High

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Please share if you find this article interesting. $7k? Bitcoin Price Looks North After Six-Day High Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000. Yesterday's gravity-defying price action in BTC has boosted the odds of a rally to $7,024 (23.6 percent Fibonacci retracement of the sell-off from $9,990 to $6,108). However, the long-run outlook remains bearish for now.
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Cold Reception? Crypto Critics Ignite After EOS Blockchain ‘Freeze’

Cold Reception? Crypto Critics Ignite After EOS Blockchain ‘Freeze’

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Please share if you find this article interesting. Cold Reception? Crypto Critics Ignite After EOS Blockchain 'Freeze' You may have missed it, but over the weekend, transactions on the live EOS blockchain came to a complete – yet temporary – halt. Coming less than 48 hours after the much-anticipated blockchain network went live, the announcement kicked off a social firestorm (not to mention a reported 5 percent drop in the value of the network's cryptocurrency). Some background: the EOS launch, reported last week by CoinDesk, came at the end of a topsy-turvy period illustrated by last-minute code tweaks, an elaborate election of entities tasked with creating the network's transaction blocks, and, of course, the $4 billion EOS token sale. So, it came as a surprise to some that t
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Bitcoin Recovery Stalls Raising Risk of Price Drop

Bitcoin Recovery Stalls Raising Risk of Price Drop

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Please share if you find this article interesting. Bitcoin Recovery Stalls Raising Risk of Price Drop Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. The cryptocurrency found acceptance above the key resistance of $6,425 (April 1 low) in the second half of last week, raising the prospects of a corrective rally towards the $7,000 mark. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did not find any takers over the weekend, leaving trading flat-lined above $6,500. Courtesy of the drop from $6,573 (Sunday's high) to $6,370 (today's low), the ...
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EOS May Be Live But It’s Still Got Crypto Critics Debating

EOS May Be Live But It’s Still Got Crypto Critics Debating

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Please share if you find this article interesting. EOS May Be Live But It's Still Got Crypto Critics Debating After a messy weeks-long process, CoinDesk broke the news yesterday that the EOS blockchain is officially live. To some, it's already an event for the cryptocurrency history books. Still, if you haven't been following the event closely, it might beg the question, 'What is EOS anyway?' When we talk about EOS, think about a cloud computing service like Amazon Web Service. It's a platform for the storing or hosting of data, except rather than using a centralized server, EOS is attempting to distribute the data in a distributed system using blockchain technology. It was created by blockchain startup, Block.one, and was able to gather over $4 billion to develop its open-sourc...
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EOS May Be Live But the Debate with Crypto Critics Continues

EOS May Be Live But the Debate with Crypto Critics Continues

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Please share if you find this article interesting. EOS May Be Live But the Debate with Crypto Critics Continues After a messy weeks-long process, CoinDesk broke the news yesterday that the EOS blockchain is officially live. To some, it's already an event for the cryptocurrency history books. Still, if you haven't been following the event closely, it might beg the question, 'What is EOS anyway?' When we talk about EOS, think about a cloud computing service like Amazon Web Service. It's a platform for the storing or hosting of data, except rather than using a centralized server, EOS is attempting to distribute the data in a distributed system using blockchain technology. It was created by blockchain startup, Block.one, and was able to gather over $4 billion to develop its open-sou...
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What Crypto Thinks About the SEC Saying Ether Isn’t a Security

What Crypto Thinks About the SEC Saying Ether Isn’t a Security

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Please share if you find this article interesting. What Crypto Thinks About the SEC Saying Ether Isn't a Security "Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions." So said William Hinman, director of the division of corporate finance at the U.S. Securities and Exchange Commission (SEC) at a Yahoo! All Markets Summit event in San Francisco yesterday. As you might expect if you've been following 2018's regulatory drama, the online crypto community subsequently exploded with commentary. The big deal? The implication is that the world's second-largest cryptocurrency isn't currently running afoul with the law (at least now), and that the SEC may be preparin...
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Bitcoin Price Recovery In Play If Key Support Holds

Bitcoin Price Recovery In Play If Key Support Holds

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Please share if you find this article interesting. Bitcoin Price Recovery In Play If Key Support Holds Bitcoin (BTC) is still in recovery mode, but the bulls must keep prices above key support seen just below $6,500 to maintain momentum, the technical charts indicate. The cryptocurrency clocked a high of $6,736 on Bitfinex yesterday amid signs of a bear breather. However, bargain hunters were short in supply and prices fell back below $6,600 at 01:00 UTC today. Bitcoin has spent a better part of the last seven hours trading in the narrow range of $6,550 to $6,620. As of writing, BTC is changing hands at $6,590 – up 7.2 percent from Wednesday's 18-week low of $6,109. While it is too early to call a bottom, the nascent recovery shows promise, with bitcoin holding well above the for
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Things I Did… Bitcoin Braces for Bear Market With Feel-Good Tweets

Things I Did… Bitcoin Braces for Bear Market With Feel-Good Tweets

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Please share if you find this article interesting. Things I Did... Bitcoin Braces for Bear Market With Feel-Good Tweets The price of bitcoin (BTC) may be up slightly Wednesday, but that hasn't exactly raised the spirits of the asset's most avid investors. Rather, with the market now down roughly 70 percent from 2017's highs, many HOLDers, the bitcoin faithful who have vowed never to sell, are becoming convinced they might have seen the last big rally before another long-time bear market (as happened in 2014). In crypto lingo, it's time to put on some gloves for another "crypto winter." Put more simply, investors now think they'll face a long period where the market might be unable to attract new investment. Adding to the reasoning? It's happened before. The cryptocurrency once d...