Monthly Archives: November 2018

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer. BTC-USD, Daily Candles, Macro Downtrend Unfortunately, the consequence of a parabolic market is that, toward the tail end of the parabolic move, it doesn’t bother to retest or establish strong support. And now bitcoin is brutally busting […]

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Ethereum’s Buterin: Misapplication of Blockchain Tech Leads to ‘Wasted Time’

Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain tech in areas where it is not needed can lead to “wasted time.” Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain technology in some industries leads to “wasted time” in an interview with business news outlet Quartz published Nov. 26. Speaking at the Devcon4 blockchain conference, the Ethereum cofounder said that although there are a number of companies that try to establish higher standards by using blockchain technology, he does not think the technology is […]

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Petition to Free Ross Ulbricht Gathers 100,000 Signatures

Over the last few months, a petition aimed at freeing Ross Ulbricht from prison has garnered 100,000 signatures. The request addressed to U.S. president Donald Trump and hosted on Change.org explains that Ulbricht deserves clemency because his investigation, trial, and sentencing were rife with abuse. Also read: Hash Wars: Battle Comes to an End as BSV Plans to Add Replay Protection After Reaching the Milestone, Ulbricht Petition Now Aims for 150,000 Signatures Ross Ulbricht is serving a double life sentence plus 40 years for his involvement with the […]

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Token Trading Volumes ‘Plummet’ on Major Exchanges, Diar Report Says

A new report from weekly crypto outlet Diar suggests that even as the crypto market crashes, traders are not taking “a punt on the bargain,” and trading volumes are down. A new report from weekly crypto outlet Diar published Nov. 26 states that trading volumes on major exchanges have dropped substantially. Diar’s data, sampled from across eight leading crypto exchanges  — Binance, OKex, Huobi, Bitfinex, Kraken, Poloniex, Bittrex, HitBTC — reveals that 60 percent of cryptocurrencies that continue to be listed as of Jan. 2018 are now […]

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Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 26

Rampant selling in recent weeks dragged total market capitalization from above $210 billion on Nov. 14 to just below $116 billion on Nov. 25. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The digital currencies were relatively stable from early September of mid-November, after which the decline started. Since […]

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US State of Ohio Accepts Bitcoin for 23 Types of Taxes

The U.S. state of Ohio has set up a cryptocurrency payment portal and reportedly starts accepting payments in bitcoin for 23 types of taxes this week. “Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency,” the Treasurer’s Office wrote. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ohio Accepts Bitcoin for Tax Payments The office of Ohio Treasurer Josh Mandel has set up a cryptocurrency tax payment portal at Ohiocrypto.com. […]

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Bulgarian Prosecutors Detain Three Hackers Allegedly Involved in $5 Million Crypto Theft

Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto. Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto, Sofia-based newspaper 24 Chasa reports Monday, Nov. 26. Bulgarian police reportedly seized cryptocurrencies worth around $3 million, as well as the equipment allegedly used by the thefts, including computers, flash drives, and a hardware portfolio for storage of crypto data. Apart from notebooks containing crypto accounts, the prosecutors have also seized […]

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$5 Million Lawsuit Against Bitmain Filed in Northern California

A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment. Official court documents read: “In the past, Bitmain ASIC devices could be configured and initialized in low-power mode that did not mine cryptocurrency for Bitmain. However, after Bitmain established itself as one of the world’s largest cryptocurrency miners in the last several […]

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Ohio Gives Green Light to Paying Taxes With Bitcoin

Ohio is now setting up an official website to allow businesses to pay taxes with bitcoin. According to a recent article published by the Wall Street Journal (WSJ), the state of Ohio seems to have given tacit acceptance to bitcoin by allowing businesses, although not individuals, to pay all manner of taxes with the cryptocurrency. This is not the first attempt by U.S. states to allow cryptocurrency to be used in taxation, although it is slightly different and ultimately the most successful so far. In February 2018, […]

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A Blockchain Ranking Machine to Select Promising Science-Focused Venture Projects

sponsored Multi-factor project ranking algorithm and bias-free crowd evaluation promise confidence to investors in complex science-related projects. For every Da Vinci funded by the Borgias and Edison patronized by Ford, there are tens, if not hundreds of inventors and genius scientists, whose innovations have never been noticed. In many cases, it was the inability to attract investors that buried promising technologies. A startup called ScientificCoin, based in California, aims to have a solution for this centuries-old problem. Nerds to the rescue The company has developed an algorithm […]

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