Bitcoin News (BTC) - Page 86

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Vladislav Ginko, an academic at Moscow?s Russian Presidential Academy of National Economy and Public Administration, expects massive Russian investment in Bitcoin by February. Ginko anticipates a surge Russian bitcoin purchases next month, possibly triggering a bullish move in bitcoin prices. Ginko explains that this predicted investment into bitcoin would result from the need for Russia to diversify its cash reserves in preparation for the next batch of sanctions coming from the U.S. Congress. ?US sanctions may be mitigated only through Bitcoin use,? explained Mr. Ginko, adding ?because of US sanctions, Russia?s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify in case there is limited opportunities to do it (in the future).?
January 09, 2019 2:29 AM

cryptoinsider.com

Russia Will Buy $10 Billion in Bitcoin, Ditch US Dollar and Become Huge Crypto Whale: Russian Economist
According to a new claim from a Russian economist, the world?s 12th largest economy is about to pour $10 billion into Bitcoin. Vladislav Ginko, a lecturer at Moscow?s Russian Presidential Academy of National Economy and Public Administration, says US sanctions are forcing Russia to diversify. Chris, I believe sitting here in Moscow, Russia, that the real factor of Bitcoin apotion will be when Russian government I'm working for will start investing almost $470 billion reserves into Bitcoins. I expect that it'll be at least $10 billion in the first quarter of this year. ? Vladislav Ginko (@martik) January 6, 2019
January 09, 2019 2:14 AM

dailyhodl.com

Bitcoin bulls are storming Wall Street's crypto trading desks - The Block
Wall Street?s trading desks offer a glimmer of hope for the floundering cryptocurrency market.  Buying pressure has increased at many of the so-called over-the-counter trading desks across the crypto world. The bullish sentiment mimics recent price action across the spot exchange market for crypto and is a sharp reversal from the environment at the end of 2018, numerous trading firms said.  One of the largest over-the-counter trading firms in crypto, Cumberland, tweeted Tuesday that the imbalance between buyers and sellers spiked by 60% over the last week. ?Historically, our OTC trading is relatively balanced between buyers and sellers,? the firm said. ?Over the last week, our OTC buy/sell ratio (by notional value) has increased approximately 60% towards counterparties buying.? Again, Cumberland isn?t alone. 
January 09, 2019 1:32 AM

www.theblockcrypto.com

Crypto Markets See Mixed Signals, Bitcoin Still Above $4,000
Bitcoin has been holding the psychological $4K mark for two days, while some of the other top currencies see mild losses As some of the top currencies see mild losses, Bitcoin is still above the psychological barrier of $4,000 Tuesday, Jan. 8 ? crypto markets are seeing mixed signals, according to data from Coin360, after a day mostly in the green. Bitcoin (BTC) still remains above current psychological barrier of $4,000, while some of the other major cryptocurrencies see mild losses. Market visualization from Coin360 Bitcoin has not dipped below the $4,000 mark for almost two days now, reaching up to $4,109 today. As of press-time, the leading coin is trading at about $4,050.
January 09, 2019 1:21 AM

cointelegraph.com

Bitcoin Ransom: 9/11 Papers Hacker Group Banned from Steemit Platform
Steem is an open-source blockchain platform for publishing content. It works like a mixture of Reddit and Blogger, with incentivization in the form of Steem. TheDarkOverlord is the hacker group who says they have damning evidence and 9/11 papers. Yesterday, Steemit banned TheDarkOverlord. The hacker group uses Steem to publish his communiques and demands. They were previously banned from Twitter. Steem should not be confused with Steemit, which is the first and most-used platform built on Steem. Several other platforms have been built on the Steem blockchain. D.tube is one that mirrors the functionality of YouTube. Busy.org, on the other hand, acts as a total alternative to Steemit.com.
January 09, 2019 12:16 AM

www.ccn.com

Bitcoin Wallet Forced to Drop Key Privacy Features From Google Play App
Colin is an associate editor and staff writer for Bitcoin Magazine.  He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think.  Privacy-focused bitcoin wallet Samourai is having its hand forced by Google. According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourai?s Stealth Mode, remote text message (SMS) commands, and SIM Switch Defense (a measure to protect against sim swaps).
January 08, 2019 11:38 PM

bitcoinmagazine.com


Bitcoin (BTC) Hits A New Year High- What To Expect Now ZyCrypto
We knew it was coming, we just didn?t know when. It was inevitable that bitcoin would soon find its way back above the $4,000 position. Finally, it did so on Sunday 06, marking its all-time high for 2019. Although it has previously hit these levels, it has been stuck between $3,800 and $3,900 for the last two weeks. A wide market rally saw bitcoin soar by over 5% with prices climbing from $3,800 to over $4,000 in a couple of minutes. With altcoins following the leader?s momentum, the total market cap quickly rose from around $131 billion to over $138 billion. At the time of press, the market seems to be slowing down with bitcoin dropping back to around $4,040. This means that in the coming hours we could see bitcoin drag back to the $3,900 position where it will continue to frustrate the bulls trying to get it over the $4,000 mark. Nevertheless, this latest test of the $4,000 position will act in the coins favor as it retests it in the coming days.
January 08, 2019 11:27 PM

zycrypto.com

Is This the Beginning of the End of the Bitcoin Bubble - The Atlantic
The cryptocurrency was meant to be stateless and leaderless. Ironically, the culprits of its latest plunge are ... state leaders. That much was clear to economists, investors, and analysts for quite some time. But one of the shortcomings of such analysis is that certainty of an economic bubble offers little insight on how, when, or why that bubble will pop. ?I can say almost with certainty that they will come to a bad ending,? Warren Buffett said last week, to the great consternation of crypto fans. ?When it happens or how or anything else, I don't know.? Maybe?maybe?it?s finally happening. The price of bitcoin plummeted by as much as 20 percent on Tuesday to $12,000, or about 40 percent below its all-time high in December. Other popular cryptocurrencies, like ethereum and Ripple, also posted double-digit losses.
January 08, 2019 11:26 PM

www.theatlantic.com

Bitcoin: Should we care about its price - BBC News
These are external links and will open in a new window On Wednesday, cryptocurrency Bitcoin fell by about 10% to a value of $15,800 (£11,810). "It has plunged," a colleague said. "Should we do a story?" Business journalists (or at least some of them) will debate passionately whether something is indeed a plunge, a dive, or merely a fall, a dip or a retreat. It's what makes us great company at parties. And sure, a 10% movement downwards would usually fall into one of the more dramatic descriptions. But to give it some perspective, Bitcoin dropping to $15,800 on 20 December took it to its lowest level since, well, 11 December.
January 08, 2019 11:26 PM

www.bbc.com

Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks - WSJ
Bitcoin plunged below $8,000 in intraday trading, extending its sharp rout since the start of the year in a selloff triggered by a widening regulatory crackdown on cryptocurrencies. Late Friday in New York, bitcoin had recovered to $8,524, down 6.8% on the day after slipping below $7,700. That was the lowest level since November.
January 08, 2019 11:26 PM

www.wsj.com

Kicking off 2019 STRONG as Bitcoin rises above $4000, transaction fees drop, and Ethereum retains it's 80%+ gains and keeps on rising
About Global Crypto Press Association Global Technology News Network. This isn't your typical story of a blockchain startup, in every way imaginable. The path usually taken clearly hasn?t led to enoug...

What caused bitcoin crash, why bitcoin falling today now
Cookies are used on this Website. This is necessary in order to remember your preferences, as well as to collect analytical data about visits to the Website. Use of our Website means that you agree to the use of all cookies and analytics of Website visits in accordance with Bitnewstoday.com's Privacy Policy. The end of last year saw bitcoin skyrocketing at the record pace but in the beginning of 2018 the whole cryptocurrency market stumbled and its free fall began. In the first days of February, the BTC dropped to almost 6,000 dollars. Then the coin ?revived? and in the first days of March it reached 11,000 dollars. On March 7, the bitcoin rate began to fall again and went down to 9,000 dollars.
January 08, 2019 11:26 PM

bitnewstoday.com

Bitcoin's price crashed, but it's still devouring an obscene amount of energy - Vox clock menu more-arrow no yes vox-mark
Bitcoin is plummeting, with the price of a ?coin? falling from a December high of $19,500 to $8,242 as of Tuesday morning. The crash came a day after Wall Street got its own long-overdue correction: The Dow Jones Industrial Average fell by 4.6 percent on Monday, the worst point drop for the index ever. Last year?s soaring Bitcoin prices led to a huge speculation frenzy, but now coin holders are rattled. Facebook is banning ads promoting Bitcoin and other cryptocurrencies, while banks including Citigroup, Bank of America, Capital One, and Discover have stopped Bitcoin purchases on credit. Some Bitcoin enthusiasts and market analysts believe this is the start of a true crash, including Nouriel Roubini, a professor at New York University who is one of the world?s most well-known economists.
January 08, 2019 11:26 PM

www.vox.com

Bitcoin prices continue to fall - Los Angeles Times
Bitcoin, the biggest cryptocurrency, extended its decline over the long holiday weekend, failing to reverse a sell-off that began after an unprecedented rally that brought the digital currency?s price to nearly $20,000. The drop brings more end-of-year weakness to a market that last week had its worst four-day tumble since 2015. ?The West is what?s causing this sell-off,? said Mati Greenspan, senior market analyst at Tel Aviv-based online broker eToro, pointing to increased trading in dollars and less in yen. The recent cryptocurrency surge was so steep that investors were prone to take money off the table as Christmas neared, he said.
January 08, 2019 11:25 PM

www.latimes.com

Stripe Is Dropping Bitcoin - Motherboard
Image: Shutterstock. Composition: Author Stripe, the digital payments processor that handles electronic transactions for Lyft, Glossier, Target, Habitat for Humanity, and more, will no longer allow Bitcoin on its platform after April 23, 2018. The company announced in a blog post on Tuesday that Stripe is dropping support for Bitcoin due to the network?s slow confirmation times and high fees, which have made it impractical as a way to pay for most things. "Because of this, we?ve seen the desire from our customers to accept Bitcoin decrease,? Stripe?s blog post states. ?And of the businesses that are accepting Bitcoin on Stripe, we?ve seen their revenues from Bitcoin decline substantially. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense."
January 08, 2019 11:25 PM

motherboard.vice.com

Why Bitcoin's Price Is So Volatile
In 2017, Bitcoin?s value soared from $1,000 to just under $20,000 before dropping down to around $13,000 at the end of the year. Since then, its value has risen and dropped sporadically from day to day, dragging smaller cryptocurrencies like Ether and Ripple along with it. If you?re new to cryptocurrencies, this kind of volatility can be dizzying (and painful if you invest at the wrong time), but if you take a closer look it starts to make sense. Here?s why Bitcoin?s price keeps changing so drastically, and why it may get more stable in the future. Bitcoin was first released in 2009, but it only really gained mainstream popularity in 2017. The technology is still extremely new and misunderstood, and that?s a big part of why its value is so hard to pin down.
January 08, 2019 11:25 PM

lifehacker.com

Bitcoin is bonkers right now
Better security and smart regulation is a good start. Bitcoin?s price is a moving target. In the short term, the cryptocurrency is plunging in value: from north of $17,000 a month ago, it crashed down to around $7,500 today. The fluctuations are enough to make anyone wonder: What?s going on? In the simplest sense, Bitcoin?s price is determined through a process of price discovery on exchanges, like GDAX, where it and other cryptocurrencies are bought and sold. But the bigger picture is more complex. Many factors, like regulation, possible regulation, or comments from a government official can affect whether people want to buy in on the crypto game. And that affects the price.
January 08, 2019 11:25 PM

www.popsci.com

Bitcoin crashes to below $6,000 - but you can still make money from it - Mirror Online
In the past week Bitcoin has lost $4,000 - and is now worth less than a third of it's peak price in December. But given the cyber-currency is still up 500% in a year, is this just the beginning of the fall? Ten years ago Bitcoin didn't exist. Five years ago they cost $12 each. 12 months ago they were almost $1,000 and just six weeks ago they were worth almost $20,000 each. Since December's high Bitcoin's price has dropped by more than two thirds - losing more than $13,000 in value - in the past week alone $4,000 has been wiped from the price according to figures from Coinbase. That's a fall of 24% in a day, 40% in a week and more than 60% in the past month, according to Coinbase figures. In the past 24 hours the price even dipped to below $6,000.
January 08, 2019 11:25 PM

www.mirror.co.uk

Bitcoin's price dropped 50 percent in one month - Recode clock menu more-arrow no yes recode_logomark recode_divider recode_logomark
The price of bitcoin has dropped 50 percent from its high of nearly $20,000 last month. Currently, it?s worth just over $10,000, according to CoinDesk. At the end of 2017, bitcoin had shot up to 20 times its value since the beginning of the year. Like other cryptocurrencies, bitcoin is extremely volatile, meaning that huge price swings are not uncommon. Chinese investors have been hoarding bitcoin for years, partly because capital controls in China make it hard to swap out its local currency for other denominations, like U.S. dollars. But aside from the clampdown in bitcoin trading, there?s little rhyme or reason to why it swings so wildly.
January 08, 2019 11:25 PM

www.recode.net

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