|Day's Range||71.71 - 74.23|
|52 Week Range||22.36 - 146.22|
|Volume (24hr) All Currencies||453.90M|
Bitcoin jumped over 150% this year. The interest in the digital currency comes as a Richard Branson-backed, crypto company is raising $50 million to invest in startups. Yahoo Finance’s Zack Guzman and Sibile Marcellus discuss with the Executive Editor of Dealbreaker, Thornton McEnery.
PLUS: American Venture Capitalist & Draper Associates Founder Tim Draper explains why bitcoin is the way of the future, and changes his $250,000 bitcoin call. Yahoo Finance's Zack Guzman & Brian Sozzi join in on the conversation, along with GRIT BXNG Co-Founder Bill Zanker.
It's been a banner year for bitcoin, up 158% as it has very much decoupled from the rest of the cryptocurrencies, and more industries continue to build off the blockchain model. Diamond Standard has launched a blockchain-based token to back real diamonds.
Litecoin (LTC) experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing coin in 2019, growing more than 170% in less than 90 days and peaking at around $145. After a couple of substantial falls toward the end of June and August, Litecoin dropped to a low of $63 at the start of September. However, LTC finally seems to be recovering. The crypto coin managed to touch $80 yesterday, and despite an overnight dip, it is currently trading at $73, around 16% higher than the start of the month. Let's take a look at the chart. As you can see from the chart above, Litecoin finally managed to break back above its 200-day EMA yesterdayThe post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.
Crypto exchange Binance’s U.S. platform is launching with seven coins, instead of six as previously announced. Binance.US has now also added its native token BNB to its platform in the “first phase,” several users posted screenshots of the development on Twitter.The post Binance.US adding 7th coin to its platform - native token BNB appeared first on The Block.
Japanese messaging giant LINE has just received a license to operate the cryptocurrency exchange business in the country. Japan’s Financial Services Agency (FSA) granted the license to LINE’s blockchain unit LVC Corporation on Friday.The post Japanese messaging giant LINE wins crypto exchange license from regulator appeared first on The Block.
Bernard Arnault, chairman and CEO of luxury goods brand Louis Vuitton (LVMH), has denied media reports that he had set up a firm in Belgium to invest in cryptocurrencies.The post Louis Vuitton boss Bernard Arnault denies setting up a firm in Belgium to invest in crypto appeared first on The Block.
Employees of the Litecoin Foundation have volunteered for a pay cut to help the organization sustain through the times of decreased donations, especially in Q1 of 2019.The post Litecoin Foundation employees ‘voluntarily decreased salaries’ in wake of reduced donations appeared first on The Block.
The Treasury Department’s Office of Foreign Assets Control (OFAC) took actions against three Chinese nationals, who it alleges manufactured and distributed "synthetic opioids or their precursor chemicals." According to OFAC, the individuals laundered part of their drug proceeds in bitcoin, transmitting these proceed in and out of banks in China and Hong Kong.The post U.S. Treasury blacklists cryptocurrency addresses associated with Chinese "drug kingpins" appeared first on The Block.
Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.
Cryptocurrency exchange Poloniex is today removing 23 trading pairs of cryptocurrencies due to “low volume.” The pairs include litecoin (LTC)/ monero (XMR), DASH/XMR, Zcash (ZEC)/XMR and Civic (CVC)/ ether (ETH), among others, as announced on Twitter on Thursday.The post Poloniex exchange removing 23 crypto trading pairs, citing ‘low volume’ appeared first on The Block.
The U.S. entity of the world’s largest cryptocurrency exchange Binance, is expected to go live before November, but won’t serve New York residents initially.The post Binance US could go live before November, but won’t serve NY residents initially appeared first on The Block.
Cryptocurrency payment processing service provider Flexa is coming to Canada, the company announced in a blog post on Tuesday. This is Flexa's first offering outside the U.S.The post Flexa brings cryptocurrency payments to over 7,500 Canadian merchants appeared first on The Block.
Since August 10, BTC has been squeezed in a narrow range of around $11,400 and so far it experiences difficulties with determining the further direction. The current price dynamics are taking place against the background of the decline in trading volumes: according to CMC, over the last 7 days they have fallen by 42%. This may indicate a temporary loss of interest of investors, who prefer to stay aside waiting for new impulses.
Despite being tipped to have a strong second half of 2019 following its third 'halving', Litecoin has struggled to maintain any positive momentum and has subsequently fallen in price by more than 18% since the block mining reward was slashed from 25 to 12.5 earlier this month. It's worth noting that leading up to the halving, Litecoin experienced five months of solid price action to the upside, rising by more than 350% as retail traders latched onto the hope that Litecoin would continue to rally after the halving. However, the reality is that the halving seems very much like a 'buy the rumour, sell the news' type of event, with seasoned traders taking profits weeks before the event took place.The post Litecoin continues to plummet following highly anticipated halving appeared first on Coin Rivet.
Swissquote Bank, an online banking service, has reported 14.3% drop in net profit in the first half of this year, due to a “significant” year-on-year decline in cryptocurrency trading business, among other factors.The post Swissquote Bank's H1 net profit falls due to ‘significant’ decline in crypto trading business appeared first on The Block.
Cryptocurrency wallet provider Abra has announced some major changes for its U.S. users due to “continued" regulatory uncertainty in the country.The post Crypto wallet Abra restricting US services due to regulatory uncertainty appeared first on The Block.
The Coinbase Bundle product has been deprecated, per an FAQ on the cryptocurrency exchange's site. All cryptocurrency balances that users obtained via Bundle purchases have been placed into the respective asset wallet in the Coinbase user's account.The post Coinbase has quietly shut down the Coinbase Bundle product appeared first on The Block.
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.