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Posts published in “Altcoins”

‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

Bitcoin king

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap is a lie. Buy support tells the true story,” developers claim on its main page. Buy support rating separates investments

The post ‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins appeared first on Bitcoinist.com.

Tether Dominance Of Stablecoin Market Falls To 74%

Tether Cryptocurrency Hedge Fund Profits Plunge Amid Market Volatility

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. This year has seen a wealth of new offerings flood to market, causing exchanges to reassess how to list them.

The post Tether Dominance Of Stablecoin Market Falls To 74% appeared first on Bitcoinist.com.

NASDAQ, Fidelity Invest in New Cryptocurrency Exchange

Nasdaq Increases Exchange Customers and Looks to Police Crypto

New cryptocurrency exchange has reportedly raised $27.5 million from investors which include NASDAQ Ventures and Fidelity Investments. The platform will offer cryptocurrency trading on spot and future markets starting next year.  Nevermind the Bear Market Seemingly unphased by the current bleeding conditions of the cryptocurrency market, Fidelity Investments and NASDAQ Ventures have reportedly taken part in a funding round of new cryptocurrency exchange ErisX. The total amount raised is $27.5 million, Reuters reports. According to the report,

The post NASDAQ, Fidelity Invest in New Cryptocurrency Exchange appeared first on Bitcoinist.com.

Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms

Changpeng Zhao Binance

The world’s largest cryptocurrency exchange by means of traded volumes will be launching its own public blockchain in “a couple of months or so,” according to its CEO, Changpeng Zhao.  ‘There Will be Millions of Coins and Thousands of Blockchains’ Speaking at the stage of Forbes Asia Forum: Decrypting Blockchain, the CEO of the Binance Changpeng Zhao (CZ) revealed that the company’s public blockchain dubbed Binance Chain will be released very soon – within the

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Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin 51% attack

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in

The post Vertcoin 51% Attack Could Have Caused $100K in Double Spending appeared first on Bitcoinist.com.

Japan’s FSA Set to Regulate ICOs Next Month

FSA Japan

Japan’s Financial Services Agency (FSA) is reportedly set to introduce a regulatory framework governing initial coin offerings (ICOs). FSA to Limit Participation Capabilities Citing sources familiar to the matter, local Japanese media Jiji Press reports that the country’s Financial Services Agency is set to introduce regulations on initial coin offerings. The financial watchdog will submit revision bills for the Financial Instruments and Exchange Law, as well as to the Payment Services Law beginning in January

The post Japan’s FSA Set to Regulate ICOs Next Month appeared first on Bitcoinist.com.

Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record

In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'

Venezuela saw yet another new record for Bitcoin use December 1 after another week of economic shake-ups made the cryptocurrency more appealing than ever. 1 Week, 1300 Bitcoins Data from Coin Dance confirms that in the seven days ending Saturday, Venezuelans transacted 1284 BTC ($5.1 million) via P2P trading platform Localbitcoins alone. In terms of the country’s highly volatile national currency the Sovereign Bolivar (VES), last week saw higher numbers still, Localbitcoins trade capping 2.35

The post Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record appeared first on Bitcoinist.com.

G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’

G20

G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette. The document acknowledges that “necessary reform” is required given the blistering pace of the “digitalization” of the global economy. In relation to cryptocurrencies or

The post G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’ appeared first on Bitcoinist.com.

WePower (WPR) – Why It’s Poised to Outmuscle Bitcoin in December

WePower WPR

WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December. Niche Cryptocurrencies Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins should trend with it. This week is no different as WePower (WPR) stands out for numerous reasons.

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Why a Cryptocurrency Exchange Rating System is Overdue – Cointelligence [Interview]

Cryptocurrency exchange rating Bitcoin Gets A C+: Weiss Cryptocurrency Ratings Fall Short Of The Mark

Bitcoinist spoke with On Yavin, CEO of Cointelligence, an educational and data platform for the cryptocurrency space that will soon launch the first-ever cryptocurrency exchange rating system in early 2019.  A cryptocurrency exchange rating system is perhaps overdue for the crypto space given the history of hacks, scams and regulatory challenges that present barriers to mass adoption. “We didn’t see someone else doing ratings for exchanges,” says Yavin. “We think it’s very important for the

The post Why a Cryptocurrency Exchange Rating System is Overdue – Cointelligence [Interview] appeared first on Bitcoinist.com.

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