November 29, 2019

CryptoCompare report claims transaction fee mining exchanges are on a decline

Transaction fee mining has long been a controversial subject, with it being criticized by many in the crypto-community for a while now. According to a recent report, TFM is slowly on the decline. CryptoCompare’s latest report titled “Exchange Review October 2019” revealed that cryptocurrency exchanges implementing trans-fee mining [TFM] had declined by 3.8% between September...
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XRP May Target Short-Term Gains Against Bitcoin; Here’s Why

Bitcoin has been incurring some decent upwards momentum in the time since it visited $6,500, which has allowed major altcoins like XRP to similarly put some distance between their current prices and their recent lows.Importantly, analysts are noting that XRP may see some short-term gains against its Bitcoin trading pair, which could come about as...
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Suspicious Black Friday Deal for a KeepKey is Best Avoided

https://www.keepkey.com/keepkey/design/ Black Friday has arrived, which means there are numerous deals and bargains to scoop up. One particular offering for a cryptocurrency hardware wallet raises a lot of questions, though. There are many reasons why Black Friday has become the favorite “holiday” of millions of consumers globally. Black Friday is a Tricky Day Not just...
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Ethereum Foundation Researcher Charged with Aiding North Korea

Ethereum Foundation researcher Virgil Griffith was charged for violating federal law after traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain. Allegedly, his talk helped North Korea evade sanctions. Griffith, 36, holds U.S. citizenship (but resides in Singapore) and claims to be a research scientist for the Ethereum Foundation since 2016....
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Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile

The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily...
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Crypto-jacking botnet Stantinko may be using YouTube to hide seamlessly

Stantinko was created back in 2012, and the botnet has since grown rapidly. Since its creation, it has infected roughly half a million machines located in Kazakhstan, Russia, Belarus, and various other countries. Complaints from the botnet’s victims vary, ranging from password hacks to fraud. According to ESET, a research agency that focuses on cybersecurity,...
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Bitcoin is a Clear Long After Forming Textbook Bottom, Claims Analyst

It is looking increasingly likely that Bitcoin’s recent dip to lows of $6,500 will mark a long-term bottom for the cryptocurrency, as its bulls have been able to propel its price higher and sustain their momentum, with BTC now targeting a movement to $8,000.Analysts are now noting that Bitcoin is clearly shifting its recent downtrend...
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Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

On November 28, the creator of doublespend.cash, a web portal that tracks and collects double spend attempts on the Bitcoin Cash network, explained that only 1 out of 1,105 double spends succeeds when they broadcast one second after the first transaction. The website’s creator highlighted that in most cases “only when submitted simultaneously, can a...
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Bankers Might Not be as Clueless on Crypto as You Think, Says Analyst

Cryptocurrency naysayers associated with global finance may not be as misinformed about the industry as some observers might like to think. One popular analyst says those he encounters have researched crypto assets and often provide well-reasoned criticism.However, others disagree, saying that there is a divide in the banking industry between those that don’t get it...
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XRP will never be used by banks: Coinmetrics’ Nic Carter

Ripple claims to offer revolutionary solutions tied to cross-border payments and remittances. Its network now includes more than 200 regional and international banks across the globe. In fact, India’s HDFC Bank alongside Pakistan’s Faysal Bank and SendFriend are the latest cogs in the ever-expanding RippleNet. However, most of these financial institutions are yet to switch...
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Deribit blog claims reimbursements after abnormal trades might not be best idea

Following Bitcoin’s flash crash from over $9,000 to a little over $7,000 on cryptocurrency options exchange Deribit, the Netherland-based platform went ahead with a reimbursement of $1.3 million in losses which arose from the BTC index calculation data dated 31 October. Its official release stated that while the Deribit Insurance fund will not be used...
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Perceived Bitcoin Value Outpaced Peak Crypto Bubble Mania

It’s been an interesting and confusing year for Bitcoin price, with the crypto asset bottoming out in $3,100 at levels of extreme fear and panic, then in just a few months growing 350% and once again causing talk of moonshots and Lambos across the market.The post appeared first on NewsBTC
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Latest German Bill Encourages Crypto Adoption: Bundesrat

The latest German bill is expected to encourage massive crypto adoption as per the latest reports we have in our latest crypto news. Probably German banks will have the opportunity from 2020 onwards to provide sale and custody services for cryptocurrencies. This is a consequence of a bill vote that was upheld today at the...
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Are Bitcoin Miners Causing The Latest Price Plunge?

Unicorns are companies which have crossed the $1 billion valuation mark. They are a rare breed nowadays but are growing as the cryptocurrency market grows. In today’s crypto news, we are listing the top 10 most valuable blockchain companies at press time.Just so you know, the below shared values include the company valuation which is...
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November Ending in Red As Bitcoin Is Down $1500: Crypto Weekly Market Update

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, throughout the volatile month of November, Bitcoin lost...
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Bitcoin Price Attempts to Reclaim ‘Mega Bull Run’ Moving Average

Bitcoin price has been falling steadily for months now back into a deep downtrend, that’s putting the asset at risk of erasing all of the gains from the 2019 parabolic rally, and putting any chance of a new bull run in Bitcoin in jeopardy.However, if Bitcoin price can reclaim a very important moving average that...
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IRS Gets Approval From US Court To Look Into Bitstamp User Info

Unicorns are companies which have crossed the $1 billion valuation mark. They are a rare breed nowadays but are growing as the cryptocurrency market grows. In today’s crypto news, we are listing the top 10 most valuable blockchain companies at press time.Just so you know, the below shared values include the company valuation which is...
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Bitcoin might bounce within wedge and drop to $6500

Bitcoin dipping down to $6500 had the whole cryptocurrency community in tears, with much of the market brimming with negative sentiment. And while the world’s largest crypto did climb over $7500, it wasn’t there for long. Valued at $7475 at the time of writing, Bitcoin maintained its dominance with a market capitalization of nearly $137...
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Bitcoin Price Eyes $8,000 as Bloomberg Signals New Buying Trend

Bitcoin’s price is eyeing a fast return to $8,000. The largest digital currency is still on track for its worst month of 2019. Bitcoin Fear & Greed Index shows investor sentiment has recovered slightly from last week’s FUD-induced selloff. Bitcoin’s price made another move higher on Friday following one of the biggest percentage gains of...
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Coinbase patent to monitor account compliance gets USPTO approval

U.S.-based cryptocurrency exchange, Coinbase, is in the news after it received patent approval for what it calls a “self-learning compliance determination and enforcement platform,” on 19 November. The patent had been filed over three years ago, on 21 September 2016. The AI-driven compliance platform will monitor customer accounts and flag those which are deemed to...
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Tezos Price Analysis: Steady Improvement

Tezos has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has been triggered The daily time frame shows that a larger bullish reversal pattern has taken shape Tezos is trading around the $1.30 level, with the XTZ/USD pair looking to be among the...
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Crypto Price Analysis & Overview November 29: Bitcoin, Ethereum, Ripple, Tron, and Matic

This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768.  Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the...
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German Banks Authorized to Store and Sell Cryptocurrency in 2020

Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party custodial services. Also read: Germany Barely Avoids Recession, Economy Remains...
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IDAX ‘exit scam’ shows the problem with exchange centralization

The disappearance of the CEO of Chinese crypto exchange IDAX shed a light on the ever-growing problem of crypto exchange centralization. Having the fate of an entire company in the hands of a single person is a far too common occurrence in the crypto industry and a worrying trend that ought to be stopped. Missing...
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Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry

It’s almost been two full years since the crypto hype bubble, and the leading crypto asset by market cap, Bitcoin is trading at roughly 35% of the price it reached during that peak, while the rest of the asset class is in many instances still down 99% from their all-time high.The post appeared first on...
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India’s Largest State Will Pilot Peer-To-Peer Solar Energy Trading

Unicorns are companies which have crossed the $1 billion valuation mark. They are a rare breed nowadays but are growing as the cryptocurrency market grows. In today’s crypto news, we are listing the top 10 most valuable blockchain companies at press time.Just so you know, the below shared values include the company valuation which is...
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Bitcoin remains strong as $160 million stolen from crypto exchanges in 2019

Throughout the year, hackers have been able to infiltrate multiple crypto exchanges across the world taking with them millions of dollars worth of digital assets. Despite the massive losses recorded, Bitcoin was able to shrug off the “FUD” and continue its uptrend. $160 million worth of cryptos stolen New Zealand-based Cryptopia was the first cryptocurrency...
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Dash Has A Bearish Short-Term Trading Bias: Analysis

A week ago, the CEO of Dash LatAm George Donnelly announced that the group devoted to promoting the Dash cryptocurrency throughout the region was shutting down – right after the Dash DAO (the body making the decisions about approving or rejecting projects) denied its largest funding proposal. “We will continue offering advice and support, both...
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Tax Complications Could Make It Hard To Spend Bitcoin

Unicorns are companies which have crossed the $1 billion valuation mark. They are a rare breed nowadays but are growing as the cryptocurrency market grows. In today’s crypto news, we are listing the top 10 most valuable blockchain companies at press time.Just so you know, the below shared values include the company valuation which is...
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Bitcoin Faced The Largest Price Drop Of 2019 Despite Slight Increase

Bitcoin faced the largest price drop of the year and it seems that the cryptocurrency is set to end the month on a negative note. Closing below the $8,300 looks like a decent prediction so let’s see further in the bitcoin price news below. The hourly chart continues to urge a move higher to the...
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