Tuesday, September 18Your Daily Bitcoin & Altcoin News Portal
South Korea Imposes Six Conditions for Crypto Exchanges to Operate – Bitcoin News

South Korea Imposes Six Conditions for Crypto Exchanges to Operate – Bitcoin News

BITCOIN
Please share if you find this article interesting. South Korea Imposes Six Conditions for Crypto Exchanges to Operate - Bitcoin News Economy & Regulation The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions The Proposed Bill The South Korean government is preparing a bill to amend the Act on Regulation of Similar Reception to include provisions for cryptocurrency transactions. “The purpose of this Act is to protect good traders and to establish a sound financial order by regulating Similar Receiving Behaviors,” states Article 1
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USPTO Approves Bank of America’s Cryptocurrency Exchange Patent – Bitcoin News

USPTO Approves Bank of America’s Cryptocurrency Exchange Patent – Bitcoin News

BITCOIN
Please share if you find this article interesting. USPTO Approves Bank of America's Cryptocurrency Exchange Patent - Bitcoin News News During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. Also Read: Two Days of Cboe’s Bitcoin Futures Show Intense Volume Fluctuations Bank of America Receives Approval for a Cryptocurrency Exchange Patent On December 5 the U.S. Patent and Trademark Office (USPTO) granted the financial institution Bank of America a patent to build a cryptocurrency exchange. The patent’s summary describes three types of accoun
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Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40

Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40 Key Highlights Ripple price rocketed higher and traded above the $0.40 level against the US Dollar. There is a new connecting bullish trend line forming with support at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 handle and eyes more upsides in the near term. Ripple price surged higher against the US Dollar and Bitcoin. XRP/USD broke $0.4000 and is currently positioned nicely in the bullish zone. Ripple Price Bullish Trend There was a nasty upside move in Ripple price above the $0.3000 handle against the US Dollar. The price rocketed higher and broke many resistances such as $0.2450, $0.3000
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Bitcoin Can’t Stop Breaking Things – Bitcoin News

Bitcoin Can’t Stop Breaking Things – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Can’t Stop Breaking Things - Bitcoin News News When bitcoin futures trading went live on Sunday night, there were sniggers from the cryptocurrency community after Cboe’s website was instantly knocked offline. “Welcome to bitcoin,” went the refrain. Disruption of service is all part of daily life at several of the web’s largest bitcoin exchanges. In the last 24 hours, Coinbase and Bitfinex have both reported problems, transaction fees have reached record highs, and Ledger has also been overwhelmed. Bitcoin just can’t stop breaking things. Also read: Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin Move Fast and Break Things Amidst breaking new price records, bitcoin has been busy wreaking a trail of
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Ethereum Price Technical Analysis – ETH/USD Upside Drift

Ethereum Price Technical Analysis – ETH/USD Upside Drift

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Upside Drift Key Highlights ETH price surged above the $640 level recently and traded to a new all-time high at $653 against the US Dollar. A monster connecting trend line with resistance near $650-660 is preventing gains on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, there is a bullish trend line with support at $580 on the same chart. Ethereum price is super bullish against the US Dollar and Bitcoin. ETH/USD is correcting from $653, but it remains well supported for more upsides. Ethereum Price Uptrend There were heavy gains in ETH price above the $580 level against the US Dollar. The price surged higher and broke many resistances such as $600 and $640 on th
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DASH BULLS LEAD THE WAY AS ALT COINS RALLY TECHNICAL ANALYSIS DECEMBER 13, 2017

DASH BULLS LEAD THE WAY AS ALT COINS RALLY TECHNICAL ANALYSIS DECEMBER 13, 2017

PRICE ANALYSIS
Please share if you find this article interesting. DASH BULLS LEAD THE WAY AS ALT COINS RALLY TECHNICAL ANALYSIS DECEMBER 13, 2017 Yesterday was an across the board rally for alt coins. Other than LTC which gained $100, DASH bulls also drove prices to record highs above $900 for the first time. If DASH bulls keep up, then the $1070 mark will not be a mirage anymore. Let’s look at the charts: NEM BULLS AIM DECEMBER 8 HIGHS OF $0.68 XEMUSD 4HR Chart for December 13, 2017 As long as there is a stochastic buy signal in place and NEM prices are above the 20 period MA, then bulls are in charge. From the current set up in price action, we can see chances of candlestick banding along the upper BB as bulls retest December 8 highs of $0.68. For that to happen, we need a strong close above
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Futures Markets and Record Prices Spark Regulatory Warnings

Futures Markets and Record Prices Spark Regulatory Warnings

BITCOIN
Please share if you find this article interesting. Futures Markets and Record Prices Spark Regulatory Warnings Regulation Bitcoin’s skyrocketing price has triggered a wave of warnings from regulatory institutions. The European Central Bank (ECB) has implored the European Union (EU) to regulate bitcoin, whilst the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged India’s government to take legislative action against bitcoin. The highly anticipated launch of institutional bitcoin futures markets has also prompted the Hong Kong Securities and Futures Commission (SFC) to warn traders of the risks posed by trading unregulated bitcoin futures markets. Also Read: Deutsche Bank: Bitcoin is One of the Greatest Market Threats in 2018 Record Prices Prompt Regul
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SK Regulator Fines Exchange Operator Bithumb 60 Million Won for Leaking Customer Data – Bitcoin News

SK Regulator Fines Exchange Operator Bithumb 60 Million Won for Leaking Customer Data – Bitcoin News

BITCOIN
Please share if you find this article interesting. SK Regulator Fines Exchange Operator Bithumb 60 Million Won for Leaking Customer Data - Bitcoin News News The Korea Communications Commission has fined the operator of Bithumb, South Korea’s largest bitcoin exchange, for leaking users’ private data. This marks the first time the country’s government has taken punitive steps against a cryptocurrency exchange. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions First Punitive Action Against Crypto Exchange South Korea’s Communications Commission (KCC) held a meeting on Tuesday to inform BTC Korea.com of penalties imposed on the company “for allegedly leaking the private data of its users,” Yonhap reported. Citing this case as “the
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Victory Lap? 2017 Was Bitcoin’s Backwards Year

Victory Lap? 2017 Was Bitcoin’s Backwards Year

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Victory Lap? 2017 Was Bitcoin's Backwards Year Jim Harper is a vice president at the Competitive Enterprise Institute, where he works to adapt law and policy to the information age. He served as Global Policy Counsel for the Bitcoin Foundation in 2014. This article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. 2017 was another gloriously miserable year for bitcoin. As in 2016, gains in the price of bitcoin belie deep deficits in the cryptocurrency world. Bitcoin's stock of social capital, the human institutions around this most important technology, remains woefully deficient, and the capacity of bitcoin to deliver anything other than wealth to "HODLers" has fallen precipitously. Don't get me wrong: ...
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Bancor Releases Six Month Update

Bancor Releases Six Month Update

BITCOIN
Please share if you find this article interesting. Bancor Releases Six Month Update After raising over $150 mln in its token generation event the Bancor ICO has issued its first major update regarding its platform and usefulness. The announcement includes substantial information regarding adoption of the Bancor Blockchain protocol, along with statistics for how many tokens are now tradable through the Bancor system. To date, nine different tokens have been activated in the Bancor system and are available through Metamask, Mist, and Parity. The tokens include GNO, ENJ and ETH, along with the BNT token and others. More than 50 partners have also adopted the platform. This adoption has generated more than $500 mln in exchanges of BNT tokens within the platform. Not another Tezos Ban