Bitcoin SV Joins Top Cryptocurrency Ranks after Climbing 48% in a Week

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The hash war between the Bitcoin ABC and Bitcoin SV camps have officially come to an end. But the one that conceded defeat surprisingly gained more than the one that won. Bitcoin SV, the brainchild of Dr. Craig Wright backed by CoinGeek mining pool boss Calvin Ayre, surged circa 48 percent in a week. The new BSV ticker added as much as $2.21 billion to its…

‘Blockchain Revolution’ Is Bigger Than Anything We’ve Seen in History: Overstock CEO

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it’s a disruptive technology that will transform the world. “The blockchain revolution has a greater potential than anything we’ve seen in history,” Byrne told Fox Business on Nov. 26 (video below). “It’s bigger than the Internet revolution, how it’s going to restructure society.” Fox Business host…

ADAM will Set a Code of Conduct for Crypto Participants

Ten financial and tech companies have come together to establish an Association for Digital Asset Markets or ‘ADAM.’ The groups aim is to create a “code of conduct” for the cryptocurrency sector. ADAM is a Good Boy The body is made up of well-known crypto names. These include Galaxy Digital, BTIG, Paxos—which recently launched the PAX stablecoin—and crypto liquidity solutions provider GSR. Looking to get on the good side of regulators, and no doubt put more of a definite shape on the cryptocurrency market, the group will work with regulators to seek…

Bitcoin Futures | Nasdaq Claims BTC Futures Contracts are Still Coming

Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts. Bitcoin Futures Bitcoin (BTC) has plunged nearly -75% since the beginning of the year and interest in digital currencies has dramatically decreased. Still, the Wall Street exchange feels there is enough investor interest to continue its plans. One of the individuals at Nasdaq told Bloomberg…

Liechtenstein Cryptoassets Exchange Granted Business License by Regulator

Professional traders-focused Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein, according to a press release shared with Cointelegraph Nov. 27. The new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in developing a “fully regulated blockchain ecosystem,” targeting institutional and professional investors. Following the recent licensing, the LCX is also planning to apply for a Financial Market Authority (FMA) license, as well as other regulators’ approvals to trade security tokens among other offerings, the firm revealed in the press…

Crypto Winter Arrived, Bitcoin Not Escaping $5kFor 3 to 6 Months

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $3,000 support level has been quite strong Lingham said and in the short-term, the $3,000 support level will likely be maintained with buy orders being set in the lower range of $3,000 to $3,500. Lingham said: “I think it…

Tether Says Customers Can Once Again Deposit and Redeem Fiat

Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party,” the company said in a post on its website. “This update allows the immediate withdrawal of Tether to…

Nasdaq to Launch Bitcoin Futures Market, Not Worried by Crypto Winter

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps…

BitPay’s Copay Wallet Compromised by Malicious Code, Firm Issues Advice for Users

Crypto payment processor BitPay issued advice on its official blog yesterday, Nov. 26, for users of its open-source Bitcoin (BTC) wallet Copay, which has reportedly been compromised by malicious code. The vulnerability pertains to a third-party Node.js module, also known as an “event stream,” which is used in versions 5.0.2 through 5.1.0 of BitPay’s Copay and BitPay apps. According to a GitHub issue report, this module was modified to load malware that is capable of stealing users’ private keys. BitPay’s post states that the BitPay app was not vulnerable to…

Bitcoin Price Watch: BTC/USD Buyers Facing Uphill Task

Key Points Bitcoin price struggled to break the $4,120 resistance area and declined against the US Dollar. Yesterday’s highlighted crucial bearish trend line is active with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to struggle to clear the $3,900 and $4,000 resistance levels in the near term. Bitcoin price remained below the $4,000 barrier against the US Dollar. BTC/USD could decline below $3,600 if it fails to move above the $4,000 barrier. Bitcoin Price Analysis Yesterday, we saw…