Tuesday, November 13Your Daily Bitcoin & Altcoin News Portal

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Bitcoin’s Price Has Nearly Unwound Its Futures Boost

Bitcoin’s Price Has Nearly Unwound Its Futures Boost

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin's Price Has Nearly Unwound Its Futures Boost Bitcoin's drop to 3-month lows below $6,000 could be seen as the completion of a round trip. On Nov. 1, bitcoin (BTC) prices received a shot in the arm on news that derivatives marketplace operators CME Group, Cboe and Cantor Fitzgerald were considering launching futures for the market in December. It was widely believed that BTC would zoom to dizzying heights as a move to the mainstream would open doors for a bigger kind of whale. The speculation drove prices higher to $10,000 in November, and the sharp rise and resulting fear of missing out established a positive feedback loop, one that sent prices to $20,000 by mid-December. However, since then, the BTC has been steadily los...
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ICO Tokens Are Already Changing Traditional Startups

ICO Tokens Are Already Changing Traditional Startups

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Please share if you find this article interesting. ICO Tokens Are Already Changing Traditional Startups It wasn't so long ago that scraping a flat fee off of a user's transaction was a reliable revenue model. But with the advent of cryptocurrencies, a new wave of startups is beginning to set its sights on something different, with mainstream brands like Telegram and Kik pivoting to embrace an alternative model that wasn't yet possible when they launched. If you've been confused about the announcements, there's a simple idea close to the center – namely, that companies in question could use cryptocurrencies to distribute revenue in a more equitable way, using a digital asset that behaves like bitcoin or ether in that it gives users an actual, tradeable stake in a platform's growth
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7 Tough Legal Lessons for Crypto Entrepreneurs

7 Tough Legal Lessons for Crypto Entrepreneurs

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Please share if you find this article interesting. 7 Tough Legal Lessons for Crypto Entrepreneurs Stephen Palley is a lawyer in private practice in Washington, D.C. with the firm of Anderson Kill. The views expressed are his alone. You can find him on Twitter at @stephendpalley. One day you're a crypto-millionaire, the next you're a crypto-defendant. Initial coin offerings (ICOs) made crypto-news throughout 2017. Announcements of new offerings became a flood as winter turned to spring and then summer. As 2017 closed, an assortment of ICO litigation has followed.What's the good news? If I am making lemons out of lemonade, we will have more clarity from regulators and courts. Some might argue that the clarity was already contained in the rules and cases but the abstraction has bee...
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The Crypto Market Is Down Over 50% from All-Time Highs

The Crypto Market Is Down Over 50% from All-Time Highs

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Please share if you find this article interesting. The Crypto Market Is Down Over 50% from All-Time Highs The total value of all publicly traded cryptocurrencies hit a combined $366 billion today, the lowest figure observed for the market since Dec. 4, data from CoinMarketCap reveals. The more than 60-day low, however, can also be read more bearishly, as it represents a 50 percent drop from the market's all-time high above $830 billion in early January. Indeed, for the second time in just four days, the market is awash with double-digit declines, as in just a few short weeks a combination of new buyer fatigue and negative news appears to have taken its toll. This time, the culprit may be speculation that new buyers may be further discouraged due to reports China could further res
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Bitcoin Drops Below $8K as Crypto Market Recovery Falters

Bitcoin Drops Below $8K as Crypto Market Recovery Falters

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Please share if you find this article interesting. Bitcoin Drops Below $8K as Crypto Market Recovery Falters As cryptocurrencies across the board once again take a downturn, bitcoin is exploring the downside below $8,000. The sharp recovery in prices on CoinDesk's Bitcoin Price Index (BPI) from the Friday's low of $7,695 ran into offers at a high of $9,471.46 at 21:59 UTC on Saturday. In the subsequent hours, the bears pushed the cryptocurrency back to $8,000. Bitcoin dropped further to a low of $7,876.69 at 02:30 UTC today and was last seen at $7,995. The world's largest cryptocurrency by market capitalization has depreciated by 12 percent in the last 24 hours, according to data source CoinMarketCap. A similar price action has been seen across the market. Bitcoin cash (BCH), Rip...
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The Next CryptoKitties? Baidu Unveils Blockchain Pet Project

The Next CryptoKitties? Baidu Unveils Blockchain Pet Project

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Please share if you find this article interesting. The Next CryptoKitties? Baidu Unveils Blockchain Pet Project Baidu, China's search engine giant, has launched a new CryptoKitties-like service as part of its wider work with blockchain. Dubbed "Leci Gou" (in a similar pronunciation to "Let's Go"), the service centers around the digital adoption and trade of puppies, the transactions for which are recorded on a blockchain. That said, it's unclear at this time whether Baidu is using a public network or its own internal one for this purpose. The website lists various digital puppies with different designs and prices, with each ranked by their scarcity. Users with Baidu accounts are able to adopt one crypto-dog and receive 1000 points for free on the marketplace, which can be further
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Ripple’s XRP Worst Hit By January Market Decline

Ripple’s XRP Worst Hit By January Market Decline

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Please share if you find this article interesting. Ripple's XRP Worst Hit By January Market Decline Large-cap cryptocurrencies may have had a stellar 2017, but 2018 hasn't been so kind. Among crypto assets with over $1 billion in invested value, Ripple's XRP cryptocurrency may have been the biggest disappointment to newer investors, declining sharply amid heightened scrutiny after a period in which it became an industry darling for new investors. Still, XRP was far from alone in its sizable declines. Bitcoin forks saw a similar sell-off, with bitcoin cash (BCH), which forked from the network in August, and bitcoin gold, which quickly followed, falling sharply amid a broad market decline. XRP January performance: -49.56 percent All-time high: $3.84 hit on Jan. 4 Price on Jan. 1:
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Red Tide: Double-Digit Losses Sweep Crypto Asset Market

Red Tide: Double-Digit Losses Sweep Crypto Asset Market

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Red Tide: Double-Digit Losses Sweep Crypto Asset Market The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for the last 24 hours (at press time). Bitcoin (BTC) has dropped 16 percent over the same period to 10-week lows below $8,000, and is heading towards its worst weekly loss (more than 25 percent) since April 2013. The cryptocurrency suffered a 30-percent drop in January and is down 45 percent on a year-to-date basis. 24-hour Performance of Top 10 Cryptocurrencies (Source: CoinMarketCap) Cardano (ADA) is the biggest loser in the top 10, and is down 37 percent. Ethereum's ether (ETH) token is down by 28 percent. The cryptocurrency had lo...
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Bitcoin Slides Towards $8K Amid Market Slump

Bitcoin Slides Towards $8K Amid Market Slump

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Slides Towards $8K Amid Market Slump Down more than 25 percent week-on-week, bitcoin could be heading for its worst weekly loss since April 2013. The sell-off gathered pace today with prices hitting a 10-week low below $8,100, but a relief could be in the offing, technical charts indicate. Having breached the psychological support level of $9,000 earlier today, prices on CoinDesk's Bitcoin Price Index (BPI) fell to $8,056.51 at 11:39 UTC; its lowest level since Nov. 25. On a 24-hour basis, the cryptocurrency is down 14 percent, according to data source OnChinaFX. Also, it is worth noting that BTC prices on Korean exchanges now trade at a discount to prices on western exchanges. For instance, BTC is changing hands at $8,22...
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January’s Top Large Cap Crypto? Not Bitcoin or Ether…

January’s Top Large Cap Crypto? Not Bitcoin or Ether…

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. January's Top Large Cap Crypto? Not Bitcoin or Ether... January turned out to be a difficult month for the cryptocurrency markets. Bitcoin, the world's largest currency by market capitalization, dropped close to 30 percent, meaning its market capitalization shaved off billions after a torrid end to 2017. Meanwhile, excitement seemed to fade as the total value of all cryptocurrencies taken together topped out at $830 billion on Jan. 7, ending the month below $500 billion. However, amid the gloom and doom, a few small-cap tokens managed to put on a good show. For instance, names like VeChain, NEO, Populous and Stellar dominated the list of gainers among the top 25 cryptocurrencies by market capitalization (as of Jan. 31). Here's a