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BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny

2 days 11 hours ago

The post BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny appeared first on CCN

The operator of BitConnect, a cryptocurrency that has long courted controversy, has announced the closure of its cryptocurrency exchange and a separate lending platform. In an announcement on its website on Tuesday, BitConnect confirmed the immediate closure of its lending operation whereas its exchange platform will effectively shutter in a further five days. The website,

The post BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny appeared first on CCN

Samburaj Das

How Much of a Bubble is Bitcoin, Really?

2 days 12 hours ago

Even those who’ve never invested in Bitcoin before are starting to keep a closer eye on its progress. But some onlookers wonder, will the bubble burst, and if so, how long from now? #ANALYSIS

CoinTelegraph By Kayla Matthews

South Korea Military Blocks Soldiers’ Access to Cryptocurrency Trading

2 days 12 hours ago

The post South Korea Military Blocks Soldiers’ Access to Cryptocurrency Trading appeared first on CCN

South Korea’s national defense ministry has begun blocking access to online cryptocurrency trading platforms in military bases. As Korean financial officials ponder a wider clampdown on domestic cryptocurrency trading markets, the country’s military is already weighing up and enforcing its own measures to keep soldiers from trading cryptocurrencies like bitcoin, the Korea Times reports. Since … Continued

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Samburaj Das

Cryptocurrency Market Continues to Slump as Ethereum, Ripple, et al. Suffer 20%+ Fall

2 days 14 hours ago

The post Cryptocurrency Market Continues to Slump as Ethereum, Ripple, et al. Suffer 20%+ Fall appeared first on CCN

The cryptocurrency market has continued to slump over the past 24 hours, as major cryptocurrencies including Ripple, Ethereum, and Bitcoin Cash recorded over 20 percent in daily losses. Since January 15, the market valuation of cryptocurrencies declined from $700 billion to $500 billion within a 48-hour span. In the past few hours, the cryptocurrency market … Continued

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Joseph Young

A Note to CoinDesk Readers

2 days 21 hours ago
On Tuesday, we had technical difficulties that prevented us from posting for several hours. We apologize for any inconvenience this may have caused.
CoinDesk

Cryptocurrency-Based Stocks Fall Amid Market Downturn

2 days 22 hours ago

The post Cryptocurrency-Based Stocks Fall Amid Market Downturn appeared first on CCN

The once celebrated stocks of companies with bitcoin or blockchain exposure are falling alongside the top coins today. Corporate America has been looking to the blockchain and cryptocurrencies as a way to resonate with investors, a strategy that while profitable during the best of blockchain times has proven to backfire when cryptocurrency prices suffer declines. Meanwhile, … Continued

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Gerelyn Terzo

Bitcoin Poses No Threat to Dollar, Federal Reserve Official Says

2 days 23 hours ago

The post Bitcoin Poses No Threat to Dollar, Federal Reserve Official Says appeared first on CCN

Bitcoin, whose ballooning market cap reached above $325 billion a month ago, is not a worthy opponent for fiat money, says Minneapolis Federal Reserve President Neel Kashkari. In fact, no single cryptocurrency could give the US dollar a run for its money, so to speak. Instead, they are more likely to tussle with one another as they

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Gerelyn Terzo

Venezuelan President Calls on 11 Countries to Adopt State Cryptocurrency Petro

3 days ago

The post Venezuelan President Calls on 11 Countries to Adopt State Cryptocurrency Petro appeared first on CCN

Venezuelan president Nicholas Maduro has called on members of the Bolivarian Alliance for the Peoples of America (ALBA) to support the petro, Venezuela’s state-sponsored cryptocurrency.   The alliance–which consists of Antigua and Barbuda, Bolivia, Cuba, Dominica, Ecuador, Nicaragua, Saint Lucia, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Granada and Venezuela–met last Friday in

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Colin Harper

Dallas Mavericks to Accept Bitcoin ‘Next Season,’ Says Owner Mark Cuban

3 days 2 hours ago

The post Dallas Mavericks to Accept Bitcoin ‘Next Season,’ Says Owner Mark Cuban appeared first on CCN

Dallas Mavericks owner Mark Cuban said that the NBA team will accept bitcoin beginning next year. Dallas Mavericks to Accept Bitcoin ‘Next Season’ The billionaire entrepreneur and “Shark Tank” investor made the announcement on Twitter, responding to a question from a fan who asked when he would be able to use bitcoin to buy tickets

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Josiah Wilmoth

Is Global Front on Bitcoin Regulation Possible?

3 days 2 hours ago

Currently, regulation on Bitcoin has come either regionally or nationally, from certain countries’ central banks and regulators, but there is a call for a united global front. #ANALYSIS

CoinTelegraph By Darryn Pollock