December 23, 2019

New YouTube Crypto Ban? The Giant Started Removing Cryptocurrency-Related Videos With No Warning

YouTube, the Google-owned social media mogul, claimed to be restricting and even deleting cryptocurrency-related videos and channels. Several crypto influencers had reported over the past few hours on the removal of videos and even complete channels. Such is the case with veteran crypto investor and influencer Chris Dunn, operating one of the most popular channels...
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Global LocalBitcoins Trading Volumes Continue to Drop Lower

Given bitcoin’s volatile price swings, one would expect there to be more interest in this currency. If the recent LocalBitcoins volume is an official indicator, that seems to be anything but the case. Many “experts’ often point out how a large amount of bitcoin trading doesn’t happen on centralized exchanges.  LocalBitcoins Falls out of Favor...
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XRP Poised for a Bigger Loss Despite Ripple’s Mammoth $200M Funding Round

XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term, with...
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Coinbase Closes Earn.com One Year After $100M Acquisition

Coinbase is shutting down the startup Earn.com which it acquired for an estimated $100 million last year. The email service allowed senders to pay users in digital currency for replying to commercial messages or completing tasks. Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Coinbase Says Goodbye to Earn.com San Francisco-based cryptocurrency trading...
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Is the Bitcoin Bull Market Here? Indicator Signals Massive Trend Shift is Imminent

Ever since Bitcoin plummeted to lows of $6,400 last week, BTC and the aggregated crypto markets have been caught within a firm upwards tailwind that has led many investors to believe that the market’s recent lows will ultimately mark a long-term bottom.One key technical indicator that has historically predicted both the beginnings and ends of...
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Bitcoin Price Poised to Press $8,000, Analysts Assert After 4% Drop

At long last, Bitcoin (BTC) has started to show signs of life. Over the past 48 hours, the cryptocurrency has pressed higher, moving past the tight range in the $7,100s it was stuck in for days.Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish SignsBy Monday morning, the cryptocurrency was trading as high as...
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Bitcoin and cryptos may have opened doors for ‘software-powered collateral economics’

According to Vision Hill Group, a trend notably observed throughout 2019 has been the major shift of crypto-asset from a currency sentiment, towards utilization of tokens for financial applications and utility. Bitcoin‘s portrayal as a store-of-value has been one of the most popular narratives in 2019 as other assets such as Ether carved a different utility...
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Top 10 Crypto Venture Capital Raises of 2019

Venture capital had a busy year in crypto, with several monster deals inked in 2019. Here are the 10 largest VC raises of the year. After a whopping 1,148 deals in 2018 for $4.65 billion, 2019 saw these figures drop significantly, according to Crunchbase, with just under 450 deals concluded for less than half the...
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Top Crypto Hash Rates Show Miners Betting Big on Bitcoin

Bitcoin hash rate has been performing exceptionally this year. Miners around the world clearly see a bright future for the leading crypto asset.The same cannot be said for other big projects in the industry. Whereas Bitcoin just hit a new all-time high hash rate, the likes of Ethereum, Bitcoin Cash and SV, and Litecoin have...
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Ethereum Price Analysis: At $130, ETH Looses Steam Against Bitcoin, Can The Bulls Turn It Around?

Ethereum slipped by a further 5% this week, bringing the price for the cryptocurrency down to the $130 level. ETH created a fresh 3-month low against BTC today after dropping beneath the 0.0175 BTC support. The cryptocurrency has now lost a steep 30% this past month. Key Support & Resistance Levels ETH/USD Support:  $128, $120,...
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How VeChain Tracked And Froze $6.1 Million Of Its Stolen Funds

The VeChain Foundation is viral in the altcoin news and rumors as it updates the cryptocurrency community with new details on the case with its stolen funds. Many people think that it is amazing how VeChain tracked and froze more than $6 million which was stolen from it in tokens. Following the agreement of the...
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Core Developer Says 2020 Is A “Big Year” For BTC’s Usability

The use of Bitcoin in 2020 will be of key importance and will likely spread as new reports in the latest cryptocurrencies news show. The core developer of Bitcoin John Newbery recently took to Twitter and discussed the strides which Bitcoin has taken this year. He also dived into how the lighting network will grow...
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Thomson Reuters Launches Crypto Tax Tool

Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read: Thomson Reuters Eikon to Display Data on...
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Chinese Authorities Seize Nearly 7,000 Crypto Mining Machines

From the latest cryptonews, we can see that the Chinese authorities seize 7,000 cryptocurrency mining machines which were consuming electric power illegally. According to reports from the local news outlet CCTV on December 22, the confiscation came as part of an inspection of more than 70,000 households, around 3,000 merchants and 1,470 communities. While the...
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Past Performance Shows Bitcoin Historic High Could Serve As True Bear Market Bottom

History often repeats, and financial markets like Bitcoin and crypto regularly cycle. But past performance doesn’t always guarantee future results.The post appeared first on NewsBTC
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Poloniex Allows Up To $10,000 Daily Withdrawals For KYC-Less Accounts

The cryptocurrency exchange Poloniex allows up to $10,000 in daily withdrawals without actually requiring full Know Your Client (KYC) onboarding. According to a recent announcement published by the exchange on December 19, the new account tier has been created in reaction to the user feedback. “We’ve heard your feedback time and time again about wanting...
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EOSIO Proposal Would Prevent Users From Buying Blockchain Resources

The firm behind the EOS blockchain and token, EOSIO, proposed a major change to the network and its resource allocation system which would require users to rent network resources. As a blog post outlined, the EOSIO proposal wants to avoid network congestion caused by the inability to employ unused Central Processing Unit (CPU) time and...
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BitMEX Says Crypto IEOs Perform Poorly, Losses Up To 98%

The initial exchange offerings (IEOs) are a popular topic in the latest cryptocurrency news lately. However, according to new stats and as BitMEX says, they have lost investors up to 98% of their money. The stats are pulled from the latest report on the phenomenon published on December 23 where the analytics arm of the...
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Bitcoin’s shows progress on institutional front, ‘but speed of funding is limited’

The launch of Bakkt, launch of Galaxy Digital’s brand new BTC funds, Fidelity‘s bitcoin product and TD Ameritrade’s bitcoin trading service on the Nasdaq via its brokerage platform marked some of the marquee events over the past 12 months, but according to Vision Hill’s recent report, constructive participation is yet to enter the space. Capital...
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Bitcoin Gathering Momentum to Reach $8,000

Bitcoin continues to build on recent trading gains, with the number one cryptocurrency trading at its highest level since Dec. 9. The top 10 cryptocurrencies are also trading in positive territory as they continued to benefit from the ongoing recovery in digital assets. VeChain continued to recover recent losses, following the recent hacking scandal surrounding...
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Core Developer Says 2020 is a Big Year For Bitcoin’s Scalability, Usability, and Adoption

Bitcoin core developer John Newbery took to Twitter this week to discuss the strides that Bitcoin has taken this year, and dive into how the lightning network will grow the cryptocurrency, its usability, and adoption moving into 2020.The post appeared first on NewsBTC
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Bitcoin Subreddit Subscribers Surge After The Bull Run This Summer

The Bitcoin subreddit has seen a remarkable surge of subscribers ever since the cryptocurrency price spiked last summer. During the bullish run this summer, the cypherpunk and proclaimed Bitcoin maximalist Jameson Lopp posted a tweet in  the crypto news where he said that “the rate of new subscribers to the /r/bitcoin subreddit accelerated after the...
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Bitrue lists 27 new XRP-based trading pairs

In another boost for the XRP ecosystem, Bitrue, a Singapore-based cryptocurrency exchange announced that it will soon list 27 new XRP pairs on its platform. With XRP as the base pair, the first 14 coins to be paired with it will be opened for deposits and withdrawals starting on 23rd December. The official blog post...
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Bitcoin Billionaire Tim Draper Might Not Invest in India Ever Again Due to Controversial Citizenship Law

Bitcoin billionaire Tim Draper takes a hard stance on India’s new controversial citizenship law. | Image: REUTERS/ Stephen Lam Tim Draper has suggested he will not tolerate religious discrimination. The Draper Venture Network is currently invested in India. The venture capitalist earlier this year criticized a proposed cryptocurrency ban in the world’s biggest democracy. Bitcoin...
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What is Eden?

EDEN is the EPCIS Decentralized Network, a blockchain-as-a-service providing supply chain visibility tools. Multichain Ventures created EDEN as a solution to the challenges of proving the provenance of goods throughout supply chains for legal cannabis businesses. For the peace of mind of responsible customers and complying with strict regulations, EDEN provides stakeholders with an easy...
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These Five Altcoins Crushed Bitcoin’s 2019 Returns

2019 was the year of Bitcoin, which stole the spotlight from the rest of the crypto industry, including altcoins like Ethereum, Ripple, and Litecoin.The post appeared first on NewsBTC
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Fed Governor Blasts Bitcoin for its Ties to “Illegal Activities”

It is a well-known fact that US politicians don’t like bitcoin very much. Particularly the Federal Reserve governor still sees plenty of problems, primarily due it facilitating illicit activities.  In a recent meeting, the bitcoin debate was reopened once again. The Fed Still Hates Bitcoin As regulators prepare to take a closer look at cryptocurrencies,...
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Ponzi or Pumped? Controversial TRON Dapp Racks up 500 Million TRX

Is TRON’s most popular Dapp just a game – or is it a Ponzi scheme? | Source: Tron Foundation/Facebook TRON’s Just.Game becomes No.1 Dapp within hours of launch. Over 500 million in TRX has been sent to the automated smart contract. Critics say the app’s structure too closely resembles that of a Ponzi scheme. A...
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IEOs Just as Shocking as ICOs, BitMEX Data Shows

Tokens that emerged from Initial Exchange Offerings (IEOs) have demonstrated a poor performance this year, according to BitMEX research. Most IEOs Have Failed Despite Bitcoin Surge In May of this year, BitMEX published its first piece of research on IEOs, concluding that the market was doing much better than initial coin offerings (ICOs). In fact,...
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Bitcoin could fall below $6K in the Q1 of 2020, according to this analyst

While 2020 is just around the corner, everyone from the cryptocurrency industry has been speculating Bitcoin’s price movement for the next year. Former Wall Street trader and a prominent influencer in the industry, Tone Vays joined the bandwagon and went on to reveal what 2020 has in store for Bitcoin. Over the past few months,...
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