Bitcoin BTC

$4,078.30
Market Cap $ 71.782 Bn (#1)
24h Volume $ 10.120 Bn
Chg. 24h: 0.86%
Algo. score 4.3/5  (#18)
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Bitcoin News

Lightning Labs Releases ‘Loop’ Feature for Bitcoin Payments Channels

California startup Lightning Labs released today a new feature to improve usability of the bitcoin payment channel network, lightning.

2 hours ago

Sharia-Certified Crypto Exchange Lists XRP Paired With Six Fiat Currencies – The Ripple Effect

Sharia-compliant crypto exchange Rain just added XRP to its platform. The digital asset is one of a select number of cryptocurrencies approved by the Bahrain-based exchange, joining Bitcoin, Ethereum and Litecoin. Rain graduated from the Central Bank of Bahrain’s (CBB) regulatory sandbox in February, as reported by the Saudi Gazette. “To add more legitimacy and […]

2 hours ago

Cryptocurrency Trader Sued Investors’ $20 Million Loss

Stefanos Papanastasiou, a 39-year-old cryptocurrency trader was filed with a lawsuit by a property developer. The plaintiff alleged that he had traded bitcoin (BTC) and ether (ETH) on their behalf which resulted in a loss of over $20 million. the accused claimed to have developed an algorithm that could result in immense profit through crypto trading. The plaintiff’s legal team said that the accused refused to provide any evidence of such trades and also ignored their request to refund the $2,743,116 which had been paid. (RL)

3 hours ago

Following from last week's 101 on money, here's Bitcoin, sim...

Following from last week's 101 on money, here's Bitcoin, simply explained by @goodbit101! 🤓 Share it with someone a… https://t.co/zgqRNtuMaD

3 hours ago

Key Bitcoin (BTC) Investors Join Hands: Morgan Creek Funds Ikigai

Morgan Creek Digital (MCD) and Ikigai Asset Management are reportedly joining hands to bolster crypto adoption. Morgan Creek Digital (MCD) and Ikigai Asset Management the two U.S.-based cryptocurrency-centric funds focused on bolstering adoption and viable applications. Both firms’ leaders are advocates of the theory that BTC and other cryptocurrencies are a viable alternative to fiat, which they deem as antiquated. (RL)

3 hours ago

How to Get Bitcoin Without Giving Up Your Privacy – Earn It

How to get bitcoin without having to give up your personal information? The best way is probably good old fashioned work – earning it. Ways And Means We tend to like our Bitcoin decentralized, anonymous, and peer-to-peer. After all, wasn’t that sort of… the whole point? So why do most people acquire it through centralized, third-party exchanges who demand to know our identity? There is another...

4 hours ago

Square Launches a New Bitcoin Initiative

Square, the payments company run by Twitter CEO Jack Dorsey is reportedly hiring to build out the team for Square Crypto, per a string of tweets penned by the executive Wednesday evening. Square Crypto will work towards building out the nascent bitcoin ecosystem, separate from Square's own business interests in the market."Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin," Dorsey said in a tweet. (RL)

4 hours ago

Binance Supports First Live Property Auction Using BTC and BNB

Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB). On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB. The auction follows a partnership between Binance, JPA and...

5 hours ago

Payment Service Square is Hiring Crypto Engineers, Offers Salaries in Bitcoin

Payment platform Square is looking for cryptocurrency engineers and is offering to pay them in Bitcoin

6 hours ago

Cryptopia Resumes Trading for 40 Crypto Pairs Including Bitcoin, Ethereum, Dogecoin, Monero

Cryptopia has resumed trading for 40 pairs following a cybersecurity breach on January 14th that caused the New Zealand-based crypto trading platform to suspend activities and go offline for “unscheduled maintenance.” The exchange has identified the crypto-to-crypto trading pairs as secure, which include Ethereum (ETH), Monero (XMR) and Bitcoin (BTC). ETH-BTC ETH-LTC ETH-DOGE XMR-LTC XMR-BTC...

6 hours ago

Jack Dorsey Announces Square Crypto to Make Bitcoin Better

Jack Dorsey—the CEO of Twitter and Square, announced “Square Crypto”—a team Dorsey is assembling to work full-time on improving the Bitcoin and cryptocurrency ecosystems “independent” of Square’s business objectives. He is currently looking to hire up to four developers and one designer for the team. On Mar. 20th, Jack Dorsey announced the launch of Square […]

7 hours ago

Jack Dorsey Announces Open-Source Initiative Square Crypto to Make Bitcoin Better

Jack Dorsey—the CEO of Twitter and Square, announced “Square Crypto”—a team Dorsey is assembling to work full-time on improving the Bitcoin and cryptocurrency ecosystems “independent” of Square’s business objectives. He is currently looking to hire up to four developers and one designer for the team. On Mar. 20th, Jack Dorsey announced the launch of Square […]

7 hours ago

Improving Bitcoin: Jack Dorsey Announces Open-Source Initiative Square Crypto

Jack Dorsey—the CEO of Twitter and Square, announced “Square Crypto”—a team Dorsey is assembling to work full-time on improving the Bitcoin and cryptocurrency ecosystems “independent” of Square’s business objectives. He is currently looking to hire up to four developers and one designer for the team. On Mar. 20th, Jack Dorsey announced the launch of Square […]

7 hours ago

What Are Initial Exchange Offerings (IEO)?

The ICO’s heyday in 2017 saw various digital assets emerge only to crash in 2018 thanks to the bearish crypto market. ICOs raised billions of dollars in a relatively short time and brought the crypto market cap to over $800 billion before it fizzled out. As the ICO candle was burning out, several other fundraisingRead MoreRead More. The post by Tom Nyarunda appeared first on BTCManager, Bitcoin,...

8 hours ago

Jack Dorsey is hiring 4 Bitcoin developers and 1 designer at 1 Square Crypto

In the evening of March 20th 2019, Twitter CEO Jack Dorsey has made yet another Bitcoin-friendly announcement: he is looking for current Bitcoin developers and contributors who can work full time for Square Crypto. While this short statement may be interpreted as a corporate takeover, the principles and implications of the decision are as benevolent […]

8 hours ago

Jack Dorsey is hiring 4 Bitcoin developers and 1 designer at Square Crypto

In the evening of March 20th 2019, Twitter CEO Jack Dorsey has made yet another Bitcoin-friendly announcement: he is looking for current Bitcoin developers and contributors who can work full time for Square Crypto. While this brief statement may be interpreted as a corporate takeover, the principles and implications of the decision are as benevolent […]

8 hours ago

Mayor of Chicago: Facing Financial Crisis, Crypto Adoption is Inevitable

According to a report in Forbes, Rahm Emanuel, the Mayor of the City of Chicago, has stated that he sees crypto adoption as inevitable. He bases his outlook on the growing appeal of Bitcoin and other digital assets in an increasingly unstable geopolitical world. Emanuel posited that financial crises, like that currently being experienced in...

8 hours ago

Ontology (ONT) and Tezos (XTZ) Welcoming Double Digit Increase: Latest News Summary

With the crypto-pioneer and largest by market capitalization among thousands of coins – Bitcoin (BTC) standing above the major $4,000.00 against the US Dollar, various crypto values are making their moves above resistances. Per time...

9 hours ago

New Lightning Network Feature Increases Channel Capacity

Lightning Labs, a major contributor to the Lightning Network, has revealed a new update that will help resolve some of the issues surrounding channel capacity limits. The ‘Loop Out’ update allows users to offload Bitcoin from their Lightning Channel and back to the main chain. This frees up the channel as payments cannot be accepted once the maximum channel capacity has been reached. Offloading Bitcoin to the main chain frees up channel space and allows Lightning Network users to continue accepting payments. Loop Out will also allow new Lightning Network users to begin receiving Bitcoin payments from day one, instead of relying on others to open channels with or for them. A second update called ‘Loop In’ will allow payments to be made to Lightning Channels from exchanges and other non-chain sources. Both features are expected to make it easier for merchants to efficiently utilize the Lightning Network. (RS)

9 hours ago

Bitcoin Price Predicted To Hit $6000 In The Coming Weeks

Ever since the bear market started, cryptocurrencies, in general, have had their values significantly lowered and continuing struggle to regain their former glory. For example, the last few months have seen the price of Bitcoin staying pretty dormant and fluttering up and down by very ignorable margins. However, the sector is currently awash with excitement […]

9 hours ago

PayGlobal Launches XRP, 1 Billion Stellar on the Move, and Bitcoin Bear Predicts Bull Run to $6K

Tone Vays Calls Short-Term Bull Run Former Wall Street trader and vice president of JP Morgan Chase Tone Vays says he remains bearish on Bitcoin, but thinks it’s likely a BTC breakout to as high as $6,000 is likely on the horizon. “I don’t think the bear market is over, but we are stabilizing here. […]

9 hours ago

Will Lightning Network’s Latest Feature Help Bitcoin Achieve Mass Adoption?

Lightning Labs, one of the major contributors to the Lightning Network, has announced the alpha launch of a new feature coming to the second layer micro-payments solution on top of the Bitcoin network. Lightning Loop, as the update is called, aims to address current issues surrounding channel capacity limits with regards to some of the...

10 hours ago

SEC receives adverse feedback on the prospect of a bitcoin ETF

Talk of a bitcoin exchange-traded fund has been in the headlines for the past several months. Comments from the public show a hesitancy toward the product.

10 hours ago

Australian crypto exchange Independent Reserve to list EOS

CryptoNinjas Independent Reserve, an Australian bitcoin and cryptocurrency exchange, announced today the launch of EOS, which will become the company’s 9th listed cryptocurrency. EOS is a blockchain technology that enables the development and hosting of decentralized applications (DApps). The exchange will be listing EOS... Australian crypto exchange Independent Reserve to list...

10 hours ago

Blockstream’s New Green Wallet Is ‘Probably the Most Secure’ On the Market

Bitcoin HODLers rejoice. Now there’s an even safer, easier way to store your private keys–the all-new Blockstream Green Wallet for iOS and Android. Blockstream Releases Green Wallet Rebranded from the GreenAddress Bitcoin mobile wallet, this all-new version promises to offer a more seamless UX and heightened security. It’s arguably one of the safest, sleekest, and most convenient mobile...

11 hours ago

Lamassu launches new bitcoin ATM machine model with Gaia release

CryptoNinjas Lamassu, a bitcoin, and crypto automated teller machine or ‘cryptomat’ company, has announced the launch of the new Gaia model. For this machine, the company focused on accessibility and flexibility. In order to reach new markets, the Lamassu team has driven down the... Lamassu launches new bitcoin ATM machine model with Gaia release

11 hours ago

Blockstream Adds New Security Features and Sidechain Support to its Green Wallet

Blockstream has unveiled an updated version of its Bitcoin wallet called Blockstream Green. Previously, the wallet was called GreenAddress and since acquiring the wallet in 2016, Blockstream has worked to rebuild it “from the ground up”. The iOS and Android app have a newly redesigned interface and new features include multi-signature two-factor authentication and users can also connect the wallet to Trezor and Ledger hardware wallets. User privacy protections were also improved and the wallet supports connectors to Tor. Currently Blockstream Green is available in 11 languages and the company intends to integrate sidechain support by adding their Liquid service shortly. (RS)

11 hours ago

Report Suggests That Almost 90% Of Exchange’s Volume Could Be Manipulated, Any Major Implications For BTC Prices?

After the 2017 crypto boom led by BTC, there were accusations that a few parties including one major exchange might have manipulated BTC prices, triggering the surge. This was a fairly damaging report and its implications continue to be felt since it surfaced. The market might just have to prepare for another hit as a […]

11 hours ago

Bitcoin Core Developer Matt Corallo Proposes “The Great Consensus Cleanup”

Bitcoin-Core developer Matt Corallo has recently proposed a series of changes to the Bitcoin consensus code, dubbed “The Great Consensus Cleanup” in a new BIP, and submitted an associated pull request which implements the requisite code adjustments. The changes would be executed via a BIP-9 soft-fork in order to change a small proportion of consensus-related […]

11 hours ago

IBM Says Banks Open to Launch Their Own Digital Currency, Citigroup Thinks Otherwise

According to a Bloomberg article published March 18, 2019, tech giant IBM has been approached by at least two “major U.S. banks” regarding the creation of a private digital currency on the heels of JP Morgan’s JPM Coin. More Banks to Follow JP Morgan? 2019 has often been touted as the year of stablecoins, andRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin,...

12 hours ago

CBOE Trashing Bitcoin Futures Signals Crypto Market Bottom: Brian Kelly

Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market’s longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is ‘Exhausted’ Speaking on Tuesday’s edition of CNBC Fast Money, the BKCM...

12 hours ago

It’s 2019 and IBM Is Still Trying to Find a Use Case for Blockchain

IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon. The announcement joins the resurgence of blockchain razzmatazz this year that feels eerily similar to the last time distributed ledger technology (DLT) was the cat’s meow back in 2016. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations IBM’s Race to Remain Relevant: From the ‘Largest Commercial Uses of Blockchain’ to Private Banks Issuing Stablecoins With JP Morgan’s newly announced coin and Digital Asset replacing Blythe Masters with new CEO Yuval Rooz, it seems blockchain hype is steaming up once again like a warm pile of cow manure. One prime example is IBM recently making headlines when it announced that six banks signed letters of intent to produce stablecoins using the IBM protocol called World Wire. The barrage of IBM’s meaningless blockchain announcements over the years shows the fervor with which the multinational tech firm has tried to remain relevant. A few people might recall the distributed ledger mania three years ago when IBM told the world it planned to launch “the largest commercial uses of blockchain” by September 2016, back when everyone was gaga for enterprise blockchains that have produced nothing but media puffery. IBM Blockchain is just an overpriced, rubbish database used to get a rubber stamp from enterprises that want to be able to tell their investors they’re “blockchain enabled”. Thank you for coming to my Ted talk. — Riccardo Spagni (@fluffypony) March 20, 2019 However, according to IBM’s vice president of blockchain technologies, Jerry Cuomo, and a slew of online publications, the system promised in 2016 was allegedly supposed to free some of the “$100 million in capital tied up at any given time in transaction disputes in the IBM Global Financing unit.” IBM even released a blockchain platform available for cloud developers that looks like a cheesy Javascript copy of the NXT blockchain with a quirky VS Code extension. IBM also started the Open Blockchain Initiative and worked with the Hyperledger project that year. But like the storm of Hyperledger announcements, R3 signing 60 banks, and projects like Citigroup’s ‘Citicoin,’ IBM’s largest commercial uses of blockchain seem to be all fluff. While public blockchains like BCH, BTC, and ETH have settled trillions of notional value in a permissionless manner we should probably ask: What have all these corporate blockchains done in the last few years? The lackluster IBM Blockchain 2.0 beta platform. Media publications are often eager to report on these so-called blockchains but rarely test them or even look at the protocol. Technobabble Blockchains With Zero Innovation Now IBM is using the Stellar protocol and claims that the “IBM Blockchain World Wire makes it possible for financial institutions to clear and settle cross-border payments in seconds.” Reading IBM’s World Wire homepage is like having a horrible flashback to 2015, however, where it’s blockchain mania all over again. The usual reasons stated for utilizing IBM’s blockchain include lowering clearing costs, cheap cross-border payments, and the ledger reduces a lot of time. IBM’s website insinuates that unlike those crazy libertarian bitcoiners, the corporation is willing to work with the current financial incumbents. “Bitcoin mania has led some to believe that banks are no longer needed for secure global money transfer — Banks, however, disagree,” explains IBM’s World Wire website. Of course, the general population and even the media publishing IBM’s blockchain fluff pieces about their quest to secure the globe’s money transfer system only get a gist of what the company wants the public to see. As with most enterprise blockchain projects, it’s all closed door deals and the media gets a technobabble press release about some banks using the platform. Whether it be IBM, Hyperledger, R3, or JPM coin, there’s nothing exciting about these enterprise blockchain solutions. Yet we read about these vacuous initiatives every day in some of the most prominent crypto and financial news outlets. Many of the projects are downright absurd, like when everyone got excited about Bumble Bee tuna products being verified on the blockchain. Private blockchain swaps and financial banks trading stablecoins add nothing new to the table: take away the fancy wrapped DLT packaging and all you’re left with is a generic database. Cryptocurrency advocate Andreas Antonopoulos composed a tweet in 2016 that encapsulated the blockchain hype at the time. ‘Major banks complete first international transaction using a blockchain’ — You mean, the same thing bitcoin has done several million times?” Antonopoulos mocked. The bitcoin evangelist continued: Correction: Banks paid consultants thousands to do once what bitcoin does f

12 hours ago

Bitcoin Keeps Playing Dead During Weekdays. Will BTC Price Increase over the Weekend?

⚖️While the BTC price is showing unprecedented stability during the week, it could eventually surpass the $4,200 mark this weekend ☝️

12 hours ago

More exchanges implementing market surveillance tools

The message from the SEC about what it needs to see before approving a Bitcoin ETF has been consistent. It wants markets that are manipulation resistant - either because the product itself is inherently resistant (Bitcoin isn’t), or because the exchanges make it so. Gradually the message is getting through.

12 hours ago

Video: Is Kin Going To Win?

Blockchain could be the future, but is cryptocurrency cool enough for kids to use? Kiana takes a look at KIN, a new virtual asset from one of the most popular social media applications. Kin was launched by Kik, a Canadian internet giant that’s trying to make spending the currency as easy as sending an instant message. Kiana explores some of the ins and outs of the new cryptocurrency, including its advantages over other blockchains. Those advantages are starting to become more apparent now, as Kin prepares to swap the old ERC-20 tokens for coins on the new Kik blockchain. You can learn the full story about Kin from Crypto Briefing’s coin guide, here. But is there more to come for Kin investors? Kiana takes a look at some of the concerns about the Kik token, as well as the latest price action. With respect to Bitcoin, Kin is rising against its resistance levels, but that might not be enough to guarantee a win. As always, don’t invest what you can’t afford to lose, and don’t forget to SUBSCRIBE! Join the conversation on Telegram and Twitter! The post Video: Is Kin Going To Win? appeared first on Crypto Briefing.

12 hours ago

‘I’m Freaking Out’: How It Feels to Hold the Bitcoin Lightning Torch

How does it feel to hold the famous bitcoin lightning torch? Diana Aguilar explains.

12 hours ago

Cryptopia Exchange Relaunches Following January Hack

Following a January 2019 hack that cost them millions of dollars, Cryptopia has relaunched on March 19, 2019, With 40 Trading pairs. The History of the Hack In January 2019, Cryptopia experienced one of the first crypto exchange hacks of the year which led to the loss of millions of dollars and a second hackRead MoreRead More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

12 hours ago

Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

Bitcoin Price steady, may rally Avnet now accepts Bitcoin via BitPay Participation low but demand picking up By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000. Bitcoin Price Analysis Fundamentals Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment processor. Because of this tactical—and even profitable shift, Avnet is the third major corporation in the US to accept crypto payments after Microsoft and Dell. “When a customer elects to purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet will work with BitPay to verify the funds, process the order and complete the transaction. Avnet and BitPay will also have the ability to manage and process cryptocurrency requests outside the US on a country-by-country basis.” In days ahead, the corporation will let their customers pay for services using cryptocurrencies in a move that reveals how the world if fast shifting from fiat and embracing a global and trusted alternative. Aside from immutability, the VP of Avnet, Sunny Trinh, pointed at several advantages tied to Bitcoin including cost saving and elimination of barriers common when rolling out products to the market. Besides, settling with Bitcoin is usually faster and safer than using traditional set-ups charging exorbitant fees. If anything, this has been on the writing for a while. Avnet has been working with Bitcoin.com as they create a secure crypto wallet as the tech-centric company prepares for a transition to cryptocurrency. Candlestick Arrangement Even though Bitcoin (BTC) prices are trending inside Mar 16 high low, bulls appear to be in control. It is easy to see why. Despite demand tapering in the last few days, prices are edging higher. At this pace, we expect a recovery of Feb 24 losses. That is mostly thanks to increasing demand and Bitcoin (BTC) prices rejecting lower lows as they align along the upper BB. Like in our previous BTC/USD trade plans, every dip should be a buying opportunity with reasonable targets at $4,500. Such is only possible if BTC is steady above $3,800—our breakout level now minor support. Technical Indicators Participation is low, and in the next few days, Mar 16 candlestick anchors our trade plan. It has been successful in holding price action in the last few days and has decent volumes—13k versus 7k. Dictated by candlestick arrangements, buyers will be in control if prices race above $4,200. As always, accompanying this move must be high volumes exceeding 13k thereby confirming bull pressure of Mar 5. The post Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company appeared first on NewsBTC.

12 hours ago

Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner

Bitmain and other crypto companies suffered massive losses during the bear market. However, Bitmain’s effect on Bitcoin’s price, performance, and its decentralization was discovered to be more than what was previously anticipated. James McAvity, a Bitcoin enthusiast and miner, posted a series of tweets explaining how Bitmain’s overproduction of ASIC miners ultimately affected the coin’s miners. Source: Twitter | James McAvity When the Bitcoin frenzy reached its peak in 2017, so did the price. This resulted in the relentless production of Bitmain’s famed, top of the line, ASIC miners, that came to be used by most of the miners. McAvity also pointed out the increase in Bitcoin mining’s electricity usage from 2017 to 2019. The electricity usage at the start of 2017 was around ~$250,000, which later surged exponentially to $4,000,000 a day [McAvity assumed 75 watts/TH]. The graphs attached below show the same correlation, Source: Twitter | James McAvity Source: Twitter | James McAvity Bitmain controlled massive amounts of the hash rate for Bitcoin, at one point in the past. However, decisions taken by the company resulted in its dominance over Bitcoin mining weakening. According to some reports, Bitmain even sold most of their crypto holdings to survive the crypto winter that enveloped the coin market. In a subsequent thread, McAvity tweeted, “BITMAIN is the gift that keeps on giving. Not only did they (in)voluntarily give up their position as the leading mining manufacturer, fostering greater decentralization.. but they also flooded the market with ASICs, sentencing their customers to waning profitability.” As a result of the above, McAvity suggested that Bitcoins so purchased, would be from a “distressed miner” who would have to sell those BTCs to keep the mining farm alive. Most Bitcoin enthusiasts attributed the drop in BTC’s price from $6,000 to $3,000, to a reallocation of hash power by Bitmain during the hash wars. McAvity tweeted, “Look at the drop from $6400 BTC to $3300, at the time that was 10c KW/H breakeven to ~5c. Hashrate got crushed as high OPEX production got REKT. I predict we would drop to 20mm TH/s if the halving happens today, cutting network-wide miner electrical OPEX by 60%.” The post Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner appeared first on AMBCrypto.

12 hours ago

CoinMarketCap Crypto Indices Can be Licensed to Build Products; NASDAQ and Bloomberg to Provide Authentication

In a bid to improvise on data analytics and authentication of its statistic, Coinmarketcap.com has introduced two new crypto indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. Solactive AG, a German Index Provider, will administer the indices. Solactive AG was also the administrator and facilitator of the Bitcoin Futures contract introduced by CBOE in December 2017. “We are excited to launch and share these indices with the market,” says Brandon Chez, CEO of CoinMarketCap, “These indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets.” Details of the Indices Recently, coinmarketcap had weighted 200 cryptocurrencies on a variety of parameters and also rated them accordingly. The two indices are CMC Crypto 200 Index (CMC200), which includes Bitcoin, primarily covers more than 90% of the global cryptocurrency market. Another index excluding Bitcoin, CMC Crypto 200 ex BTC Index (CMC200EX). The ticker symbols on Bloomberg are CMC 200 Index and CMC 200EX Index. Similarly, on the RIC code, it is .CMC200 and .CMC200EX. Rebalancing of Indices An exciting addition to the indexes is the rebalancing condition that will be administered by Solactive AG. The process would involve reassigning different degrees of weighage to cryptocurrencies after each quarter, i.e., for example, if XRP has been given 10% weightage for one quarter, it can be ‘rebalanced’ to 5% or even 20%. “We are very proud to be chosen as CMC’s index provider of choice in this exciting journey,” expresses Fabian Colin, Head of Sales at Solactive. “The ability to access CoinMarketCap data gives us the opportunity to develop custom indices for new clients.” Coinmarketcap is the leader in calculating coin metrics. It has been a trendsetter for some parameters like market capitalization, Bitcoin dominance, circulating supply and so on. Since the indices would be tracked on esteemed Financial platforms like Bloomberg and NASDAQ, it provides informal certification to the statistic on coinmarketcap. The indices can also be licensed by other institutions who seek to use the data for information purposes or build an actual product on it. The post CoinMarketCap Crypto Indices Can be Licensed to Build Products; NASDAQ and Bloomberg to Provide Authentication appeared first on Coingape.

13 hours ago

Bitcoin Price Could Crash by 50% in 2019: Veteran Crypto Traders

Throughout the past week, the bitcoin price has increased from $3,901 to $4,048, by nearly 4 percent against the U.S. dollar. The relatively strong short-term performance of bitcoin led alternative cryptocurrencies to engage in large upside price movements, allowing the valuation of the crypto market to rise by about $7 billion. However, while traders, technical analysts, and strategists generally remain positive on the mid-term price trend of bitcoin, some traders foresee the dominant cryptocurrency retesting key support levels in the mid-$3,000 region. Will Bitcoin Drop Back to $3,000 or Was it the Bottom? Since December 2018, bitcoin tested the $4,200 The post Bitcoin Price Could Crash by 50% in 2019: Veteran Crypto Traders appeared first on CCN

13 hours ago

Chinese Crypto Bulls on the Horizon — Almost $160M Yuan Flowed into the Bitcoin Market in the Last 24 Hours

Now that the cryptocurrency market has seemingly bottomed or is near its bottom, an influx of Chinese Yuan (CNY)... The post Chinese Crypto Bulls on the Horizon — Almost $160M Yuan Flowed into the Bitcoin Market in the Last 24 Hours appeared first on Invest In Blockchain.

13 hours ago

Dow, Bitcoin Teeter as Markets Wait for FOMC Bounce

Neither Dow futures nor the bitcoin price showed much conviction ahead of Wednesday’s US stock market open, as Wall Street pined for a dovish FOMC statement on interest rates and crypto traders waited for BTC to make its next major push. Dow Futures Hover Near Tuesday Close As of 9:05 am ET, Dow Jones Industrial Average futures had lost 14 points or 0.05 percent, implying a loss of 25.38 points at the open. S&P 500 and Nasdaq futures also slipped into the red, dropping 0.04 percent and 0.02 percent, respectively. Futures tracking all three indices had traded higher earlier in The post Dow, Bitcoin Teeter as Markets Wait for FOMC Bounce appeared first on CCN

13 hours ago

Switzerland’s Biggest Online Retailer Starts Accepting Payments in Bitcoin (BTC) and Altcoins

Digitec Galaxus AG, the biggest online retailer in Switzerland, has decided to enter the crypto space and has done so through the main door. In an official press release published on its website a few hours ago, the e-commerce giant announced that as of today, customers will be able to pay for their purchases with Bitcoin (BTC) and a significant number of altcoins: “As one of the first online shops in Switzerland, Digitec Galaxus now accepts cryptocurrencies: customers of the two online shops digitec and Galaxus can now use Bitcoin, Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Ripple (XRP), Binance Coin, Litecoin, TRON, NEO or OmiseGO to pay for all purchases with a total of over CHF 200.- or more”. The firm was able to implement this new payment method thanks to a strategic alliance with the Swiss e-payments company Datatrans AG. This fintech, for its part, works together with Coinify (a crypto payment provider) to guarantee the instant conversion of crypto into traditional fiat currency. Crypto Payments: Innovation is Always Good For Business Despite not being wholly convinced of the advantages of blockchain technologies, Oliver Herren, Chief Innovation Officer at Digitec said that the company was willing to take that step a long time ago, but had to wait for the ecosystem to develop a bit to ensure a safe and innovative implementation: “We’ve been wanting to do this for ages, but the effort it would have required has just always been too big. Now we’ve found a simple solution with Datatrans and Coinify. Thanks to our very own engineering team Spectre, the implementation has been a relatively effortless and straightforward matter”. However, Claudio Schaad, leader of Team Spectre showed greater enthusiasm, explaining that the development team was really optimistic about the use of cryptocurrencies to expand their services: The question of the hour was: what was the coolest, most impactful project they could come up with? They found their answer in a half-attempted but finally abandoned agile initiative: cryptocurrencies. The mystery-mongers at Spectre laughed and said: this fits us like a glove” Mr. Herren explains that Digitec Galaxus AG would not be directly involved in the handling of cryptocurrencies. At the time of payment, customers send tokens that are immediately exchanged by Coinify into fiat, which is immediately transferred to the retailer. The process has a 15-minute payment window to minimize the risk associated with the volatility of the cryptocurrencies. The payment option is enabled for all the 2.7 million products available for purchase on both Digitec’s website - geared towards consumer electronics - and Galaxus - an online warehouse for the general public. The post Switzerland’s Biggest Online Retailer Starts Accepting Payments in Bitcoin (BTC) and Altcoins appeared first on Ethereum World News.

13 hours ago

Tone Vays says Bitcoin will Top $6,000 in a Few Days

Celebrity crypto analyst Tone Vays has predicted that Bitcoin will break out of its current range and overtake $6,000 soon. According to Vays, Bitcoin will overtake the $6k hurdle once it breaks through the $4,200 resistance but he also cautioned investors that a strong short term rally could lead prices lower once sellers begin to take their profits. Ultimately, Vays is hopeful that Bitcoin can reach $10,000 by the end of 2019 and careful analysis of technical indicators and the Bitcoin longs to shorts ratio suggest Bitcoin could rise by 25 to 50% over the coming days. (RS)

13 hours ago

IOST / Bitcoin Technical Analysis: Shaky Hold

IOST / BTC Technical Analysis - Despite positive fundamental news, technical indicators with respect to Bitcoin are neutral at best.

13 hours ago

Crypto-Friendly Silvergate Bank On-boards 59 New Crypto Clients

Silvergate Bank has for the first time named a few of her clients in an SEC filing. The bank had remained supportive of crypto-related businesses at a time when other financial institutions turned their backs. Deposits Declined 8 Percent The crypto-supportive bank revealed in its March 18, 2019 filing to the Securities and Exchanges CommissionRead MoreRead More. The post by Tom Nyarunda appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

13 hours ago

Ethereum Holders will Soon be Able to Purchase a North Korean Visa for 1 ETH

Cheollima Civil Defense (CCD), a relatively unknown resistance group in North Korea, is embracing cryptocurrency in an attempt to undermine the regime of Kim Jong-un. The dissident group is selling Ethereum-based visas to any person willing to contribute to their movement. According to reporting from South China Morning Post, CCD plans to sell up to 200,000 visas to any person desiring to visit Free Joseon, which they say will be the name of liberated North Korea. The Free Joseon Genesis Visa (G-VISA) is represented by a non-fungible ERC-721 token and acquiring 1,000 tokens will cost 1 ETH ($138). CCD explained that if North Korea is eventually liberated, all tokenized visa holders will be allowed to visit for a maximum of 45 days. The G-Visa is expected to go on sale on March 24 and the identities of all participants will not be disclosed. CCD also accepts donations in Bitcoin and Ethereum and the group’s BTC address shows a balance of 14.24 BTC ($56,927). (RS)

13 hours ago

Binance Opens ‘New’ Cash-for-Crypto Service in Australia (That Already Existed)

Binance has announced the launch of a ‘new’ platform in Australia to buy Bitcoin with cash across 1,3000 Newsagent locations across the country. The exact same service, however, already existed for over year. Binance Sets Foot in Australia The world’s largest cryptocurrency exchange by trading volume, Binance, has launched a cash-to-crypto platform in Australia, called Binance Lite Australia. The service allows users to purchase Bitcoin with cash through a network of over 1,300 Newsagents stores across the country. Per the release, the service currently only allows users to buy bitcoin using Australian Dollars (AUD), but it plans to support more fiat purchasing options and other digital currencies in the future. Speaking on the matter was Binance’s CFO, Wei Zhou, who said: Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. We firmly believe that more adoption will lead to more innovation and more economic opportunities. Some customers have already shared pictures online of their receipts after purchasing BTC using Binance Lite. On the way to work this morning while checking my tatts results I bought some Bitcoin using binance lite Australia. @TravelbyBit @binance #binanceangel pic.twitter.com/FI2gttxQnc — Damien jones (@Kingdamoj) March 20, 2019 Nothing New Under the Sun As it turns out, the service which Binance touts to bring “adoption of cryptocurrency use in Australia” already existed. Bitcoinist reported over a year ago that a local exchange called bitcoin.com.au has enabled Australians to purchase bitcoins at Newsagents shops in Australia. Unlike Binance’s offering, however, bitcoin.com.au also allows users to buy Ethereum. They can also use other payment methods such as online POLi payments, vouchers, electronic funds transfer through BPAY and OTC/ATM cash deposits to any Commonwealth Bank branch. Users are also allowed to sell Bitcoin. Furthermore, it does seem like Binance has taken example from the previous service, as it does require the exact same KYC process, as well as setting the same minimum purchase limits. Moreover, in October 2018, one of Australia’s oldest institutions, Australia Post, announced that its customers will be able to buy bitcoin on participating exchanges using its Digital ID service. Bitcoinist has contacted Binance for comments but did not resceive any response at press time. Prepare to Reveal Yourself If anonymity is what you’re looking for, however, you might consider other options. Binance Lite Australia, as well as bitcoin.com.au, require users to go through a thorough Know Your Customer (KYC) procedure. Per the FAQ section of the platform, in order to complete the verification process, users are required to submit “up to 1-2” government issued ID document numbers, which may include your Driver’s Licence, Passport, or Medicare card. Moreover, users are also required to confirm their residential address and share their mobile phone numbers. As it also turns out, the platform isn’t that cheap to use as well. Binance Lite Australia will be charging its users a flat fee of 5 percent plus a Goods and Service Tax (GST) on every purchase. For comparison, Coinbase charges credit and debit card buys on its platform a flat 3.99 percent fee. Alternatives Exist Luckily, there are still various alternatives users can use to purchase Bitcoin with cash in Australia without having to reveal their identity. One option is decentralized escrow platform Payfair, where users can purchase Bitcoin with cash without having to go through KYC verification. Another peer-to-peer exchange that Australians can use is HodlHodl. It’s a global P2P cryptocurrency exchange, which has no KYC requirements. LocalBitcoins is also a P2P option. Both of these don’t require you to go through identity verification at the beginning, but their terms of service mention that the platforms “may” require your ID in certain events. What do you think of Binance’s new platform in Australia? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Opens ‘New’ Cash-for-Crypto Service in Australia (That Already Existed) appeared first on Bitcoinist.com.

13 hours ago

Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia

A Redditor reports that the world’s biggest crypto exchange may just plan to expand trading opportunities by offering margin trades in the future A while ago, a Redditor going by the name ‘enriquejr99’ who insists he is good at programming, published a post claiming he has spotted margin trading features on Binance API. Is Binance expanding its trading opportunities? The Redditor demonstrates a little of the code he found on the API documentation of Binance and analyzed it. However, he claims this code has not been enabled so far. Enriquejr99 says that for all Binance crypto pairs (over 480 of them) spot trading is enabled and margin trades are disabled. Still, he adds that the code he has found may be the sign that Binance is working on letting its customers conduct margin trades in the future. Despite other exchanges are doing their best to surpass Binance, the latter remains the most popular trading platform. Its community keeps increasing and Binance Coin, which is used on Binance Launchpad for token sales and by numerous partners too, is currently sitting on spot #7 on CoinMarketCap, being ahead of Tron (#10), Tether (#9) and XLM (#8). At press time, BNB is trading at $15.25. The Redditor believes that by offering margin trades Binance will attract even more customers and will significantly raise its profits. Its rival exchanges, such as OKEx and Bitfinex, are already benefiting from the market of margin trading which operates quite high volumes. The Binance CEO Changpeng Zhao seems ready to get a share of these profits for his exchange too. Setting fiat-to-crypto operations in Australia On Wednesday, Binance also announced that it has launched Binance Lite Australia platform. It allows ordinary people to buy Bitcoin in nearly 1,400 newsagents stores with Australian dollars. In the future, the exchange intends to add other fiat currencies to this service, apart from AUD, as well as offer a wider choice of crypto coins to buy. By this move, Binance hopes to accelerate mass crypto adoption in Australia. This is not the first time, the crypto exchange is offering locals to embrace crypto. In autumn 2018, it was reported that Binance had struck a partnership with an Australian startup TravelbyBit, investing $2.5 mln. TravelbyBit offers POS in airports around the world and in Australia itself, allowing people to convert BTC and ETH into fiat or pay for services directly with crypto. In the future, the company plans to add BNB to their terminals too. The post Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia appeared first on Ethereum World News.

14 hours ago


News courtesy of berminal.com
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