Wednesday, March 20Your Daily Bitcoin & Altcoin News Portal

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Bitcoin’s ‘Kimchi Premium’ Has All But Evaporated

Bitcoin’s ‘Kimchi Premium’ Has All But Evaporated

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin's 'Kimchi Premium' Has All But Evaporated Bitcoin mania is cooling off, and with it, changes are happening in its global market. Indeed, the price furor that began in early November when talk that bitcoin futures listings would go live in the U.S. triggered a wave of speculation - bitcoin, which traded at $6,500 on Nov. 1, rose as high as $20,000 by mid-December - has all but faded. But while bitcoin has largely been stuck trading sideways, global volumes remain elevated, showing interest has remained strong. CoinDesk data reveals average daily trading volumes in February were up nearly 80 percent from November, rising to $8.2 billion, up from nearly $4.7 billion in November. (Month-over-month, volumes were down 40 percen
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Theft-Hit NEM Nosedived, But It Wasn’t February’s Big Crypto Loser

Theft-Hit NEM Nosedived, But It Wasn’t February’s Big Crypto Loser

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Please share if you find this article interesting. Theft-Hit NEM Nosedived, But It Wasn't February's Big Crypto Loser Large-cap cryptos may have had a rough ride in February, but their so-called small-cap and mid-cap competitors didn't fare much better. While bitcoin ended February with marginal gains, and the likes of litecoin and lesser-known DigixDao shined, names like ICON (ICX), NEM (XEM) and cardano (ADA) took a beating as the market turned south, CoinDesk data shows. In fact, a majority of the top 25 cryptocurrencies by market capitalization suffered losses. Quite clearly, these tokens may have been struggling to win back traders, a fact made clear by the broad-based crypto market recovery from Feb. 6 lows, which appears to have encouraged the crypto faithful to reinvest (...
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Raiden Isn’t Ethereum’s Only Hope for Off-Chain Payments

Raiden Isn’t Ethereum’s Only Hope for Off-Chain Payments

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Please share if you find this article interesting. Raiden Isn't Ethereum's Only Hope for Off-Chain Payments Yet another ethereum scaling solution is launching a test network. Announced Friday, Liquidity.Network is officially joining Raiden Network as the latest ethereum project to attempt to move transactions off the world's second most valuable blockchain and into payment channels, in turn, allowing the network to support greater adoption and use. Similar to bitcoin's better-known Lightning Network, Liquidity.Network aims to enable ethereum users to transact back and forth, without having to pay the cost of moving coins on the blockchain itself. In short, users pay to start channels and to close channels, not for what happens in between. But while Raiden is the furthest along in
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Bitcoin Struggles to Stay Above $11,000 Amid Low Volumes

Bitcoin Struggles to Stay Above $11,000 Amid Low Volumes

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Please share if you find this article interesting. Bitcoin Struggles to Stay Above $11,000 Amid Low Volumes Bitcoin (BTC) passed above the $11,000 mark this morning, but is having a tough time holding on to the gains amid low trading volumes. As of writing, CoinDesk's Bitcoin Price Index (BPI) had dropped slightly to $10,890 - up around 19 percent from the weekly low of $9,304.68, and 5 percent over the last 24 hours. A look the individual markets on data site CoinMarketCap shows trading volume is highest in BTC/USDT (bitcoin-tether) pair listed on the cryptocurrency exchange OKEx. Further, three out of the top 10 exchanges by volume offer BTC/USDT. So, it appears investors are using tethers to trade bitcoin - perhaps due to the USD-pegged token's low volatility. Meanwhile, 24-ho...
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Litecoin Booms in February But ‘Golden’ Crypto Takes Price Podium

Litecoin Booms in February But ‘Golden’ Crypto Takes Price Podium

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Please share if you find this article interesting. Litecoin Booms in February But 'Golden' Crypto Takes Price Podium Dismal? Not quite, but the crypto markets had a rough ride in February to say the least. What began with a sell-off in bitcoin, one that pushed the total market capitalization of all cryptocurrencies to a 10-week low of $276 billion, has ended in a seeming recovery, with the total value hitting $450 billion Thursday to end February trading. However, the numbers don't exactly tell the whole story. Comparing performance to January, the market saw a decline of 8.5 percent month-over-month, and a decline of 45.78 percent from its 2018 record high of $830 billion. But that's not to say there weren't gains to be had. Bitcoin (BTC), the largest cryptocurrency by market ca
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In Consolidation Mode, Bitcoin Awaits Decisive Move

In Consolidation Mode, Bitcoin Awaits Decisive Move

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Please share if you find this article interesting. In Consolidation Mode, Bitcoin Awaits Decisive Move Bitcoin has been restricted to a narrow price range of $10,000 to $11,000 for almost 72 hours. CoinDesk's Bitcoin Price Index (BPI) moved above the $10,000 mark on Monday, but the rally from last Sunday's low of $9,304.68 ceased at a seven-day high of $11,044.16 yesterday. At the time of writing, the BPI is at $11,583. The cryptocurrency has depreciated by 1.4 percent in the last 24 hours, according to data from CoinMarketCap. Further, it ended last month on a flat note, and is reporting a 1 percent gain on a weekly basis. The average daily trading volume dropped 38 percent in February, adding credence to bitcoin developer Meni Rosenfeld's view that the craze for buying cryptocu
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No Blockchain Is an Island

No Blockchain Is an Island

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Please share if you find this article interesting. No Blockchain Is an Island Primavera De Filippi is a permanent researcher at the CERSA/CNRS/Université Paris II, a faculty associate at the Berkman-Klein Center for Internet & Society at Harvard Law School, the "alchemist" for DAOstack and a co-author of "Blockchain and the Law." Much discussion is currently taking place concerning the nature and specificities of blockchain governance, but when we say "blockchain governance" we're really talking about multiple things. While people often use the term to describe the mechanism by which the underlying protocol of a blockchain-based network can be modified or updated - in terms of both on-chain and off-chain governance - we focus here on a much broader question: What are the various
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Bitcoin Brushes $11K as Bull Case Strengthens

Bitcoin Brushes $11K as Bull Case Strengthens

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Please share if you find this article interesting. Bitcoin Brushes $11K as Bull Case Strengthens Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the month, but could still enter March on a positive note. CoinDesk's Bitcoin Price Index (BPI) clocked a seven-day high of $11,044 at 06:30 UTC and was last seen around $10,610. Due to the retreat from the intra-day high, the cryptocurrency is now trading largely unchanged on a 24-hour basis, according to data source CoinMarketCap. With BTC closing last month at $10,221, the cryptocurrency is on track to close the current month with only marginal gains, unless the bulls make progress. In context, though, the performance is impressive if we take into account the fact that bitcoin had dropped to three...
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Bill Gates’ ‘Nonsense’ Crypto Comments Draw Twitter Ire

Bill Gates’ ‘Nonsense’ Crypto Comments Draw Twitter Ire

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Please share if you find this article interesting. Bill Gates' 'Nonsense' Crypto Comments Draw Twitter Ire Microsoft co-founder Bill Gates took aim at cryptocurrencies during a Reddit "Ask Me Anything" session Tuesday - much to the ire of some social-media commentators. Responding to a question about cryptocurrencies, the world's second-richest man said the ability of governments to track money laundering or terrorist funds "is a good thing." Gates continued, saying: "Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long." Naturally, the crypto world was not impressed by this answer. React...
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The Telegram ICO: What We Know (And Don’t) About 2018’s Biggest Token Sale

The Telegram ICO: What We Know (And Don’t) About 2018’s Biggest Token Sale

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Please share if you find this article interesting. The Telegram ICO: What We Know (And Don't) About 2018's Biggest Token Sale An outsider continues to steal the crypto spotlight. So far in 2018, Telegram's rumored initial coin offering (ICO) has been the talk of the industry - a remarkable feat given the global messaging platform's executives have yet to utter those three letters together or confirm the company is, in fact, raising money via a sale of tokens called "grams." Yet, the story's popularity stems not only from Telegram's tight-lipped CEO Pavel Durov, but also from the billions of dollars his team reportedly plans to raise through the sale. Despite the company's efforts and strict non-disclosure agreements, which are keeping most news about the largest crowdsale in hist...