Markets Update: BTC and BCH Prices Continue to Slide Bitcoin

Markets Update: BTC and BCH Prices Continue to Slide

The Dumping Continues to Plague Cryptocurrency Markets Markets Update: BTC and BCH Prices Continue to SlideThe dumping continues to ensue as markets are still feeling the effects of a bearish phase the past few months. So far BTC/USD values have not yet double bottomed to the $5,900 low point but have been meandering awfully close to that price region. Today BTC volumes are weaker than usual as the past 24-hour trade volume has shaved a billion and rests at $4B right now. The top five exchanges swapping the most BTC includes Bitfinex, Okex, Binance, Bitflyer, and Huobi. All of the...
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Bearish Sentiment Pervades Among Bitcoin Analysts Bitcoin

Bearish Sentiment Pervades Among Bitcoin Analysts

hree months since the peak of bitcoin’s meteoric multi-year bull trend, many analysts are predicting a bearish outlook for the BTC markets. Prominent Chinese trader, Zhao Dong, has described bitcoin as exhibiting four-year market cycles that resemble the seasons in a year, forecasting that the “winter” of cryptocurrency will set-in during 2019. Harvard professor, Kenneth Rogoff, recently predicted that bitcoin’s price will be a “tiny fraction” of its current value in “10 years.” Finder.com.au’s most recent survey has seen its end of year BTC price forecast by revised by over 25% – now estimating that bitcoin will be approximately $21,500 USD...
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New Local Crypto Street Exchange Shop Trades Bitcoin for Cash in Central Moscow Bitcoin

New Local Crypto Street Exchange Shop Trades Bitcoin for Cash in Central Moscow

A change bureau trading bitcoin has been opened in the Russian capital. According to local media, this is the only currency exchange in Moscow buying and selling cryptos for cash. Lawyers say nothing in the law prohibits this kind of service, and the business is legal.  Also read: Russians Owe 13% Tax on Their Crypto Incomes Bitcoin Sold for Cash Russian authorities have not regulated cryptocurrencies yet, but Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow’s main railroad stations, Kursky Vokzal. According to media reports, the bureau is the first of...
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Bitmain Order Manufactured by TSMC Nanjing Fab, Volume Production In May Bitcoin

Bitmain Order Manufactured by TSMC Nanjing Fab, Volume Production In May

According to Jiweinet report, the 16nm wafers ordered by Bitmain will be built in the Nanjing factory of TSMC. The Nanjing Fab cost 3 billion USD to build and is wholly owned by TSMC. Volume production of 16nm/12nm wafer is expected to start in May 2018, six months earlier than scheduled. The facility is the first factory in China capable of producing 16nm chips and could help TSMC secure more orders as demand remains strong.Nanjing Fab is being equipped to run 20k wpm, representing 2.5% of total capacity of TSMC. The market demand for asic and mobile phone from mainland...
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A Tencent Programmer Claims to Hack Binance in One Week, and Asks For 1,000 Bitcoins as Reward Bitcoin

A Tencent Programmer Claims to Hack Binance in One Week, and Asks For 1,000 Bitcoins as Reward

One of the world’s largest cryptocurrency exchanges suffers further blow after it got hacked in early March. A Chinese netizen, called “happiness of programmers”, wrote on Weibo last Friday that, “It is easy to attack bitcoin exchanges, including world’s top ten exchanges like Binance. It can be done within one week. We can make a big bet for 1,000 bitcoins. If we win, Binance should reward us 1,000 bitcoins; but if we lose, we will disappear from the public eye.” The man seems to declare a war on Binance. He said it was a pure battle between himeself and Binance’s technical staff, and hoped the crypto exchange...
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Malta’s PM Welcomes Chinese Exchange Binance to EU State Bitcoin

Malta’s PM Welcomes Chinese Exchange Binance to EU State

Malta’s Prime Minister has welcomed a Chinese cryptocurrency exchange to his country. Joseph Muscat personally signed the tweet welcoming Binance‘s operation to the island EU state. Muscat, who is also the Leader of the Labour Party in Malta, states it is part of their effort to be “the global trailblazers in the regulation of blockchain-based businesses”. He also notes that Malta is working to be the jurisdiction of quality and choice for world class fintech companies. The news comes as Malta reports it recorded a fiscal surplus in the first two months of 2018. Government debt has been reportedly down...
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Former Vice President of a China’s Tech Company Lost 1.8 Million CNY in Crypto Investment Bitcoin

Former Vice President of a China’s Tech Company Lost 1.8 Million CNY in Crypto Investment

A 36-year-old vice president of a tech company in China recently recounted his story of losing 1.8 million CNY in trading crypto. The anonymous crypto investor quit his job in last December which brought him an annual income of close to 300,000 CNY and dedicated himself to the crypto market, which offered him a painful lesson.   1.6 Million CNY of Profit From Resale of OneThing Cloud The man met a post-90s crypto investor, who earned more than 2 million by trading BTC in a month, on a trip to Shenzhen last summer. And the young man’s words have stirred...
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Crypto Exchanges Under Regulatory Pressure: Huobi Licensed in US, Binance Moves to Malta Bitcoin

Crypto Exchanges Under Regulatory Pressure: Huobi Licensed in US, Binance Moves to Malta

As global regulatory crackdown on cryptocurrency market continues, especially from Asian countries and the United States, crypto exchanges are actively seeking win-win cooperation with pro-bitcoin governments to find their new habitat. On March 24, HBUS, Huobi’ U.S.-based office, has registered with the US regulatory authority as a money services business (MSB). The registration of a money services business with the Financial Crimes Enforcement Network under the U.S. Treasury means that HBUS could undertake crypto-to-crypto trading in most U.S. states. The U.S. Treasury and Securities and Exchange Commission have made it clear in march that, the business of cryptocurrency exchange and its...
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Litecoin Next Main Dark Web Currency? Bitcoin

Litecoin Next Main Dark Web Currency?

What it would mean for Litecoin if it becomes the next dominant dark web currency is not clear. However, that is what a new study carried out by a team from Recorded Future suggests. The team includes software engineers, data scientists and technical business people. Their expertise is in information security, intelligence, analysis, and visualization. They cite that Bitcoin has become unusable on the dark web for its slow payment completion and exuberant payment. This is because of Bitcoin’s meteoritic rise in popularity globally since mid-2017. It placed an enormous load on the blockchain network and the cost of transaction...
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Roll Back Futures Contracts, User Threaten To Commit Suicide, What’s Wrong With OKEx? Bitcoin

Roll Back Futures Contracts, User Threaten To Commit Suicide, What’s Wrong With OKEx?

The Hong Kong-based crypto trading platform OKEx rolled back futures transactions to 5:00 of March 30, 2018 (Hong Kong Time) after irregular transactions saw bitcoin dive to a low below $4800 on the platform, while it held $7000 everywhere else. The “3.30 incident” triggered massive forced liquidations and wiped out hundreds of contracts. Complaint and criticism were exploding in various social networks including Telegram and WeChat in the wake of the announcement. Vociferous protestations from futures investors claimed they were going to the headquarter of OKCoin to find some justice, one trader even threatened to commit suicide in front of...
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