Tag: altcoin news
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A Minute’s Silence For Altcoins as Bitcoin Highs Slice Value Across Markets
Bitcoin’s rise over $7,200 Thursday has piled pressure on already sidelined altcoin markets, leading many into freefall. An analysis of Coinmarketcap’s top 20 altcoin listings shows a depressing picture as Bitcoin’s surge leaves many struggling to stay above multi-month lows. Notable standouts are the Bitcoin Cash fork and controversial newcomer BitConnect, opportunistically riding enthusiasm surrounding the Bitcoin Core…
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Catalonia Considers Separate Digital Currency and E-Residency Program
Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency. The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that…
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Digital Currency Looks to Solve Cannabis Industry’s Cash Problem
Digital currencies may solve some the legal cannabis industry’s woes by becoming an alternative to cash payments. Despite recent state-level ballot initiatives across the US that legalizes marijuana in one form or another, the drug still remains illegal at the federal level. While it’s unlikely the feds are going to go after legal cannabis dispensaries…
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Ethereum, Bitcoin Prices Stabilize After Day of Sideways Trading
Traders restored a bit of stability to the crypto markets on Friday following a day of sideways trading. The bitcoin price and ethereum price each declined a bit less than 1% for the day, and most major altcoins experienced similar minor declines. However, no top 10 cryptocurrency moved more than 3%, providing the market with…
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Bitcoin Price Cracks $5,700 but Ethereum Wanes after Byzantium
The crypto markets have exhibited mixed performance during the early portion of the week. The bitcoin price continued to hover near its all-time high on Tuesday, climbing just enough to crack the $5,700 barrier. The ethereum price, meanwhile, lost ground following the successful deployment of its much-anticipated Byzantium hard fork. Chart from CoinMarketCap Altogether, the…
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$4,875: Bitcoin Price Surges toward All-Time High as Altcoins Plummet
The bitcoin price surged past $4,875 on Monday as traders began to flee from the altcoin markets and pour their wealth back into bitcoin ahead of the SegWit2x hard fork that is scheduled for November. Bitcoin Price Surges Past $4,875 Bitcoin’s dominant hold on the cryptocurrency economy had tapered throughout 2017, with bitcoin’s share of…
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OneCoin Promoter Targeted By Finnish Police in Ongoing Investigation
A police investigation in Finland into the OneCoin cryptocurrency investment scheme is accelerating. The Finnish Broadcasting Company reports that, according to law enforcement officials in the city of Österbotten, an as-yet-unnamed OneCoin promoter is now the subject of an “economic crime case.” “The…damage is over half a million euros,” said Antti Perälä, an official with the city police who is…
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Edward Snowden: Zcash Is ‘Most Interesting Bitcoin Alternative’
NSA whistleblower Edward Snowden weighed in on anonymity-centric cryptocurrencies, calling Zcash the “most interesting bitcoin alternative.” Snowden, a former U.S. intelligence contractor who leaked National Security Agency (NSA) documents revealing that the agency had was spying on private citizens who were not the subject of active investigations, now serves as the president of the Freedom…
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DASHed Hopes? Dash Price Looking Heavy as Bullish Setup Stumbles
Despite noticeable gains in the wider cryptocurrency market, the price of dash is mildly bid today. At press time, the dash-US (DASH/USD) dollar exchange rate continues to struggle, further establishing a trend that began September 19. What makes the lackluster price action even more unusual, though, is the fact that just a week ago, the cryptocurrency,…
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NEO Price Surges After Founder Says Government Collaboration ‘Possible’
The NEO price surged on Monday after Dutch financial news outlet Het Financieele Dagblad published an interview with NEO founder Da Hongfei. In the interview, which was partially translated into English by Yicai Global, Da makes several significant statements about China’s crackdown on cryptocurrency. Most notably, hespeculates that a future collaboration between NEO and the Chinese government…