|Day's Range||9,862.22 - 11,025.76|
|52 Week Range||3,271.7600 - 12,117.3047|
Despite growing controversy over the crypto world’s latest big idea, some think Facebook's Libra might be a game-changer for the greater blockchain community.
Social media giant Facebook heads to Capitol Hill Tuesday and will face lawmakers for two days of testimony about its proposed cryptocurrency project.
The Lightning Network implements a security measure called ‘justice transactions’ which removes funds from dishonest nodes. According to a recent report by BitMEX Research, the Lightning Network removed 2.22 bitcoin (~$23,900) connected to dishonest transactions.The post Lightning Network nodes have claimed $24,000 in 'justice transactions' to deter bad actors, research shows appeared first on The Block.
The City of Richmond Hill, a municipality in Canada, is set to accept bitcoin (BTC) for property tax payments from residents and businesses, according to an announcement on Monday. The post Another Canadian municipality to accept bitcoin for property tax payments appeared first on The Block.
Treasury Secretary Steven Mnuchin on Monday afternoon said digital-payment ventures need to be held to the same anti-money laundering, or AML, standards as traditional banks. The official said the Trump administration and the Treasury has "very serious concerns" with the growth of cryptocurrencies, including Facebook Inc.'s ambitious digital-payment network currency known as Libra coin, which has drawn white-hot attention to virtual assets of late. Mnuchin said Treasury was concerned with the speculative nature of assets like bitcoin and its use in illicit activity, including financing terrorism. Mnuchin's briefing on Friday comes after President Donald Trump on Friday, via Twitter, expressed consternation about bitcoin as well as Facebook Inc.'s digital payment venture called Libra coin. Mnuchin's Monday briefing on cryptocurrency regulation also comes a day before Facebook executive Dave Marcus is slated to appear before a Senate committee to discuss Libra. On Friday, Trump tweeted: "I am not a fan of bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," he said. Mnuchin reiterated Trump's comments and said that Facebook has "a lot of work to convince us" that it is complying with U.S. bank regulation. On Monday afternoon, bitcoin prices trading on CME Group were off 8.1% at $10,780.
Treasury Secretary Steven Mnuchin was slated to discuss digital currency regulation at 2 p.m. Eastern on Monday, the White House said. The briefing, to be held in the James Brady briefing room, comes after President Donald Trump on Friday, via Twitter, expressed consternation about bitcoin as well as Facebook Inc.'s digital payment venture called Libra coin. "I am not a fan of bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump tweeted. Mnuchin's briefing also comes a day before Facebook executive Dave Marcus is expected to appear before a Senate committee to discuss Libra coin.
Indian police has freed three men held captive by a gang, the Hindustan Times writes. The kidnappers demanded 80 bitcoin in ransom.The post Indian police free captives, arrest 7 kidnappers who demanded 80 bitcoin ransom appeared first on The Block.
OUTSIDE THE BOX Money is the lynchpin of modern economies. We do not need to grow our own food, make our own clothes, and build our own furniture. We can specialize in what we do well and use the money we are paid to buy what we want.
Bitcoin Cash bulls seem to be gaining traction as suggested by technical analysis. Attempts to conquer the 38.2% Fib level resistance have been thwarted by selling pressure. Bitcoin Cash buyers are in ...
Bitcoin and the entire cryptocurrency market seem to be in a clear downward spiral. At the time of writing, the entire market has lost over 10% of its total value in just a matter of days. However, should traders and investors really be worried? After all, aren't these kinds of retracements welcomed by enthusiasts to make new entries? Let's take a quick look at the market and see what's going on with the top coins. Bitcoin As you can see from the chart, BTC has dropped down to its 20-day EMA, where price has bounced slightly. Still, it is quite close to its early July lows. What I expect to happen is for price to bounce between $9,000 and $10,000The post Cryptocurrency market update: Altcoins down over 20% appeared first on Coin Rivet.
At the time of writing, Bitcoin (BTC) is trading just above $10,200 after losing 25% of its total value since last week. Although last week I said I expected Bitcoin to consolidate a bit more above $11,400, it seems the market pulled a fast one and BTC went further down to the $10,000 region. Will Bitcoin push higher during the week? Or will we see more major retracements back to the $9,000 region and below? As you can see from the chart, BTC has dropped down to its 20-day EMA, where price has bounced slightly. Still, it is quite close to its early July lows. What I expect to happen is for price to bounce between $9,000 and $10,000 beforeThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Donald Trump's recent attack on the crypto space could push Bitcoin up to $40,000 by year-end, according to Fundstrat Global Advisors' Head of Research Thomas Lee. In an interview with Yahoo Finance, he said: "On balance, it’s a positive because cryptocurrencies and Bitcoin really are in the main stage now, with the Congress, the Fed, the President weighing in." Lee added: “It’s going to force everybody who is not involved — and remember a very small percentage actually cares about crypto and Bitcoin — it’s going to force the other 98% of the world to think about what it means." Bitcoin is now trading at a rarely seen level, he noted. “If you go back to every milestone that thatThe post Donald Trump's Bitcoin roast is a positive thing, Thomas Lee appeared first on Coin Rivet.
It’s been a bearish week as the bears look to take back control following a bullish first half of the year… A Sunday rebound may not be enough.
It’s back in the red for the majors, as the bears look to reverse Friday’s gains. Failure to recover by early afternoon will see heavier losses on the day.
The attention President Trump just brought to bitcoin could push prices up to $40,000 by the end of the year, says Fundstrat Global Advisors Head of Research Tom Lee.
New York City's Monroe College is currently under a ransomware attack, Bleeping Computer writes. the college’s campus computer systems are down and the college’s website shows a 504 error.The post Monroe College under ransomware attack; hackers demanding $2M appeared first on The Block.
Chinese police have confiscated approximately 4,000 bitcoin miners, xinhuanet writes. The operation was located in the Jiangsu Province in Zhenjiang and came to light after a local power company noticed heightened electricity usage.The post Chinese police arrest 22 bitcoin miners whose operation used stolen electricity appeared first on The Block.
US President Donald Trump has slammed Bitcoin and other cryptocurrencies, claiming their value is "based on thin air". Armed with his favourite weapon of choice – Twitter – the 73-year-old hit out at the decade-old digital asset before switching his wrath to Facebook's Libra crypto project. “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he raged. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….” Facebook, using its Calibra subsidiary, announced last month that it would be jumping into the world of cryptocurrency with its own coin – Libra. The project has been largely welcomed - particularly asThe post Donald Trump attacks Bitcoin appeared first on Coin Rivet.
President Donald Trump expressed his views on Bitcoin and Facebook's Libra cryptocurrency for the first time since becoming president of the United States.The post 'Not a fan:' President Donald Trump comments on Facebook’s Libra, Bitcoin, and cryptocurrencies for the first time appeared first on The Block.
While gold and bitcoin are both in short supply, Juan Carlos Artigas, director of research at the World Gold Council, says gold is a physical asset with real value in jewelry and other uses. He spoke to Yahoo Finance’s Alexis Christoforous and Brian Sozzi.