Monday, October 22Your Daily Bitcoin & Altcoin News Portal
Crypto Markets See Slight Rebound, Bitcoin Trades Above $6,500 Again

Crypto Markets See Slight Rebound, Bitcoin Trades Above $6,500 Again

BITCOIN
Please share if you find this article interesting. Crypto Markets See Slight Rebound, Bitcoin Trades Above $6,500 Again Sunday, Oct. 21: crypto markets have seen a slight rebound today, with 19 out of the 20 top cryptocurrencies by market cap in the green, and Bitcoin (BTC) back to trading above $6,500, according to CoinMarketCap. Most of the top 20 cryptocurrencies have seen a slight growth within 0.5 and 2 percent, while Bitcoin Cash (BCH) and NEM (NEO) have seen more gains today, up 2.4 and 4.5 percent over the past 24 hours respectively. Market visualization from Coin360 Bitcoin has seen growth within the day, up almost 1 percent over the past 24 hours, and having been trading above $6,500 for most of the day. The major cryptocurrency is trading at $6,539 at press time, whic...
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Heads of Bitmain, Binance and Other Crypto-Related Businessmen Among China’s Richest

Heads of Bitmain, Binance and Other Crypto-Related Businessmen Among China’s Richest

BITCOIN
Please share if you find this article interesting. Heads of Bitmain, Binance and Other Crypto-Related Businessmen Among China’s Richest The rise of blockchain technology and cryptocurrencies have made many people rich, but the world’s smartest entrepreneurs in the space are beginning to make waves among the world’s richest conventional business minds. The Hurun Research Institute released its annual China Rich List on October 10. Included in this list of 1,893 individuals are 14 people who have made their fortune from cryptocurrency and blockchain related business ventures. According to the Hurun list, the 14 new names on the list from the blockchain space make the industry the fastest growing in terms of representatives from one specific industry. Bitmain dominate It is hardly
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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes – Bitcoin News

Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes – Bitcoin News

BITCOIN
Please share if you find this article interesting. Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes - Bitcoin News Market Updates Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 digital tokens is valued at $214.4 billion. Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Boring Market Action Often Leads to Something Unexpected It’s been a lackluster week for cryptocurrency traders as not much has been happening, except for a few stablecoins
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Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS

Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS

BITCOIN
Please share if you find this article interesting. Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On Oct. 15, some market participants dumped stablecoin Tether as its CEO, who is also the CEO of Bitfinex, faced rumors of insolvency of both companies. Tether briefly lost its peg to the U.S. dollar as the traders sold it and lapped up other cryptocurrencies, providing a temporary boost in the total crypto market capitalization to about $220 billion. However, after the ini...
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Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool

Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool

BITCOIN
Please share if you find this article interesting. Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool The Bank of Japan’s (BOJ) deputy governor Masayoshi Amamiya has recently reiterated his negative stance towards central bank-issued digital currencies (CBDC), the New York Times reports Oct. 20. Speaking on Saturday at a meeting in Nagoya, central Japan, Amamiya expressed doubts about the use of CBDCs, claiming that such digital currencies are unlikely to improve the existing monetary systems. Amamiya also stated that the BOJ does not plan to issue digital currencies. The article reports that some financial experts consider a CBDC as a tool for central banks to control the economy once interest rates fall to zero. According to this theory, a
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Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud – Bitcoin News

Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud – Bitcoin News

BITCOIN
Please share if you find this article interesting. Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud - Bitcoin News Crowdfunding Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of the allegedly fraudulent ICO were arrested by American criminal authorities back in April. Also Read: The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M ICO Promotion Blowback Celebrity gossip tabloid TMZ reports that Floyd Mayweather and DJ Khaled have been slapped with a lawsuit from investors who accuse them of participating in a multi-million dollar scam. The lawsuit revolves around the Centra Tech ICO that raised more than...
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Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations

Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations

BITCOIN
Please share if you find this article interesting. Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations The city of Ephrata, Washington, will halt new crypto mining developments in the city for the next 12 months, Eastern Washington and North Idaho daily newspaper The Spokesman Review reports Friday, Oct. 19. The recently announced suspension will only affect new crypto operations from being established in Ephrata, while the existing four businesses already there will continue operating. According to Ephrata city administrator Wes Crago, those four crypto operations — including two at the Port of Ephrata, one in an industrial area of the city, as well as one in a residential area — are being relocated at the moment. The decision for the suspension was
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The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M – Bitcoin News

The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M – Bitcoin News

BITCOIN
Please share if you find this article interesting. The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M - Bitcoin News The Daily In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage Goldman Sachs Invests in Bitgo Bitgo, the cryptocurrency security and custody company, announced on Thursday the second close of its Series B funding round, bringing the total raised in this round to $57.5 million. The new investors who joined in the round are Gol
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Bitcoin Price Weekly Analysis: BTC/USD Above $6,500 Could Accelerate Gains

Bitcoin Price Weekly Analysis: BTC/USD Above $6,500 Could Accelerate Gains

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Weekly Analysis: BTC/USD Above $6,500 Could Accelerate Gains Key PointsBitcoin price declined recently and tested the $6,350 support level against the US Dollar.There was a break above a connecting bearish trend line with resistance at $6,410 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is facing a solid resistance near the $6,480 and $6,500 levels.Bitcoin price is consolidating above the $6,350 support against the US Dollar. BTC/USD must break the $6,500 resistance zone to move into a bullish zone.Bitcoin Price AnalysisThere were more than three attempts to surpass the $6,480 and $6,500 resistances by bitcoin price against the US Dollar. The BTC/USD pair failed to gain momentum above th...
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US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million – Bitcoin News

US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million – Bitcoin News

BITCOIN
Please share if you find this article interesting. US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million - Bitcoin News Regulation A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” the derivatives regulator detailed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space CFTC’s First Bitcoin Anti-Fraud Action The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that a New York federal court has ordered two defendants “to pay in total over $2.5