Below $4k: Bitcoin’s Price Drops to a 420-Day Low

The price of bitcoin fell below $4,000 for the first time today since September 27th of last year. At around 16:20 UTC Saturday, the world’s largest cryptocurrency by market capitalization sank to an average price across exchanges of $3,970.43, a figure 7.5 percent lower than the day’s opening price of $4,298.83, according to Coindesk’s Bitcoin Price Index.  At $3,745.89 as of press time, BTC’s price is now down more than $1,700, or 30 percent, in the past seven days alone and 81 percent from its all-time high of roughly $20,000,…

XEM, Ripple, EOS, Bitcoin, IOTA

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the start of the year, the total market capitalization of cryptocurrencies was above $828 billion and many expected it to touch $1 trillion. However, after the hype of last year, the current bear market has been bone-crushing with no end in sight.…

Crypto Markets See Mild Volatility on The Day, Fail to Hold Sharp Rebound Trend

Saturday, Nov. 23: crypto markets have seen some volatility on the day, but failed to hold a sharp rebound attempt. The top 20 cryptocurrencies by market cap are seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap. As of press time, the major 20 crypto markets are seeing a mix of red and green, with most gains fluctuating around 1-2 percent. Market visualization from Coin360 Bitcoin Gold (BTG), ranked 20th by market cap, has seen the biggest growth on the day, spiking almost 10 percent over the past…

Alleged Bitcoin Launderer Vinnik Announces Hunger Strike to ‘Get a Fair Trial’

The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, said his defendant will go on a hunger strike this Monday, Russian state-owned news outlet TASS reported Nov. 23. According to Timofey Musatov, the head of the lawyers representing Vinnik, the reason given for the hunger strike is that “he [Vinnik] was stripped of the right for defense in France and, consequently, in Greece.” The lawyer also noted that “it became clear that the [French-issued] European arrest warrant expired.” In 2017, Greece’s supreme court ruled to…

The Making of the First US ICO Fraud Case

In common law systems, it is precedent that informs judicial approaches to new and previously unaddressed matters. The precedent that will likely shape the body of U.S. case law on fraudulent initial coin offerings (ICOs) is currently being forged in a federal court in the New York borough of Brooklyn, where a 39-year old entrepreneur, Maksim Zaslavskiy, has pleaded guilty to committing securities fraud. The development that will most likely result in a landmark decision – the jury will gather in April 2019 to decide on a sentence – is…

Battle for Bitcoin Cash Name Ends as BCH SV Backer Calls for ‘Permanent Split’

Billionaire Entrepreneur and Bitcoin Cash SV (BCH SV) supporter Calvin Ayre has declared that the coin “no longer want[s] the name Bitcoin Cash [BCH]” in a article published Nov. 23. Posted on Ayre’s own crypto media outlet CoinGeek, the statement claims that Bitcoin Cash SV will continue to exist independently from Bitcoin Cash (BCH), and that the coin is in fact the “original” Bitcoin (BTC): “Bitcoin SV is the original Bitcoin not the original Bitcoin Cash.” Ayre calls on Bitcoin Cash ABC – the Roger Ver-backed coin created in BCH’s…

Bitcoin on Track to Transfer More Value Than Mastercard Daily

Twitter Facebook LinkedIn With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day. Bitcoin, the most valuable cryptocurrency in the global market, has been processing just over $8 billion every day. According to a chart published…

Bitcoin Cash Extends Loss to 7%, at Risk of Dipping to New All-Time Low

Bitcoin Cash (BCH) remains bearish on Friday as the vortex adjoining last week’s controversial hard fork continued to inject the market with negative sentiments. The BCH/USD, after aggregating market cap of the original BCH and the forked Bitcoin ABC, is trading at 206.79, down 6.57 percent from its intraday high at 221.34. The pair in the past hour has corrected higher, but the volume of the small uptrend is dying. What it indicates at it is at most a bearish pennant, forming because of the execution of short positions. It…

US, Korea, China Stock Markets Plummet: is Crypto Correlated?

Twitter Facebook LinkedIn The crypto market is continuing to lose its value as the U.S., South Korea, and China demonstrate record high losses in their respective stock markets. As an alternative store of value, cryptocurrencies are considered as viable long-term investments, especially by millennials, in a period of global financial market instability and volatility. However, recent weeks have shown that cryptocurrencies are still vulnerable to the weakening global economy and the asset class is not able to perform as a hedge against uncertainties in the market. Global Markets Crash A…

US Dept. of Defense Research Arm to Host Permissionless Blockchain Workshop

The U.S. Defense Advanced Research Projects Agency (DARPA) will host a two-day blockchain workshop in February, according to an official request for information (RFI) posted Nov. 19. DARPA, the research arm of the U.S. Department of Defense, is looking to to investigate technologies for distributed consensus during a workshop “tentatively scheduled for February 14 and 15, 2019, in Arlington, VA.” As stated in the five-page RFI released by the agency’s Information Innovation Office (I2O), “of particular interest to DARPA are so-called ‘permissionless’ distributed consensus protocols.” Permissionless systems are described in…