Dino Crisis Fan Remake Throws Down the Gauntlet to Capcom

A fan-made Dino Crisis remake is in the works, and it shows exactly why Capcom needs to start on its own remake of the game.

The post Dino Crisis Fan Remake Throws Down the Gauntlet to Capcom appeared first on CCN.com


Source: CCN.com
Original Post: Dino Crisis Fan Remake Throws Down the Gauntlet to Capcom

Africa might be the first market China's CBDC expands to

Facebook was 'feeling excited' with 28 companies and others with the announcement of their crypto-project, Libra, a few months ago. But, this excitement was short-lived as most countries thought of it

The post Africa might be the first market China's CBDC expands to appeared first on AMBCrypto.


Source: AMBcrypto
Original Post: Africa might be the first market China's CBDC expands to

Ethereum’s Price Action is Similar to Bitcoin’s at $3,000: An Insane Rally is Imminent

After reclaiming the $130 level earlier this past week, Ethereum (ETH) is currently struggling to hold above this level as bears attempt to take full control of the aggregated cryptocurrency markets.
It is important to note that ETH’s current bearishness could cut deeper in the near-term, but analysts are noting that the cryptocurrency’s current price action looks strikingly similar to that seen by Bitcoin when it was trading within the lower-$3,000 region in late-2018 and early-2019.
If this similarity is valid, Ethereum could be on the verge of incurring a significant amount of upwards momentum that potentially leads the crypto into a multi-month bull market throughout the early part of 2020.
Ethereum’s Bulls Struggle to Hold ETH Above $130 as Selling Pressure Ramps Up 
At the time of writing, Ethereum is trading down marginally at its current price of $131, which marks a notable decline from its multi-day highs of over $137 that were set this past weekend.
It is important to note that although the cryptocurrency was rejected in the upper-$130 region concurrently with Bitcoin’s rejection at $7,500, ETH is still trading up significantly from its weekly lows of $125.
The $120 to $125 area is a key support region for the cryptocurrency, as $120 is where it bounced during its recent capitulatory sell off, and $125 is a level that bulls ardently defended for the past couple of weeks.
HornHairs, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes today’s slight ETH sell-off may be fleeting, as it swept its range lows and was able to post a bounce at this level.
“$ETH short update: May have gotten shaken out here, more setups to come. Closed for the same reason as the BTC short. The correlation with BTC and ETH led me to believe we’d push up after Monday’s low getting swept on BTC. +1.24R (before fees),” he explained while pointing to the chart below.

$ETH short update
May have gotten shaken out here, more setups to come. Closed for the same reason as the BTC short. The correlation with BTC and ETH led me to believe we'd push up after Monday's low getting swept on BTC.
+1.24R (before fees) pic.twitter.com/d6E3LplBSl
— HornHairs 🌊 (@CryptoHornHairs) December 31, 2019

Could ETH Be Bound for a Massive Multi-Month Rally?
Gat, a popular crypto analyst on Twitter, explained in a recent tweet that he believes Ethereum’s price action over the past couple of months looks strikingly similar to that seen by Bitcoin in late-2018 and early-2019 when it was trading in the lower-$3,000 region.
“As much as I hate $ETH, it is giving $BTC 3k kinda vibes,” he explained while pointing to the two charts seen below.

As much as I hate $ETH, it is giving $BTC 3k kinda vibes. pic.twitter.com/K7O3nT1UnY
— Gat ALIBABA WHALE (@TheGemClub) December 31, 2019

If this correlation does prove to be valid, Ethereum could see some strong upwards momentum in the early part of 2020, potentially allowing it to post massive gains.
Featured image from Shutterstock. The post appeared first on NewsBTC.
Source: News BTC
Original Post: Ethereum’s Price Action is Similar to Bitcoin’s at ,000: An Insane Rally is Imminent

XRP to Remain a Cautionary Crypto Investment in 2020; Here’s Why

Ripple blockchain’s native token XRP registered one of its worst performances in 2019. And it is likely to extend its losses in 2020.
The XRP-to-dollar exchange rate is down by circa 49 percent on a year-to-scale. At the same time, the token’s price against the benchmark cryptocurrency bitcoin has plunged by more than 72 percent within the same timeframe. The performance alone shows that investors are leaving the XRP market en masse.
Ripple’s native asset spent 10 out of 12 months in red territory | Source: TradingView.com
Latest Ripple-Related “FUD”
XRP’s downside moves came amidst a series of scandalous so-called “Fear, Uncertainty, and Doubt” (FUD) that has plagued its issuer Ripple Labs.
The San Fransisco-based cross border payment company uses XRP as a settlement token. It originally issued 100 billion XRP units and sold a portion of them to obtain funds for the development of its blockchain platform. However, Ripple Labs retained control over 61 percent of XRP tokens, which brought them on the driving seat of pricing the token.
An exchange called Coinmotion called out Ripple Labs for holding a monopoly over the XRP supply in a report published in February 2019. The exchange said:
“XRP isn’t mined like typical cryptocurrencies. All 100 billion ripple coins have already been created. Ripple plans to release about half of them on to the markets while keeping the other half. Currently there are about 39% of ripple in the open markets, while 61% are kept by Ripple Labs.”
The latter half of 2019 saw what Coinmotion had envisioned. Ripple Labs released a financial report wherein it declared that it had sold about $1.2 billion worth of XRP tokens to fund its operations.
The move created hysteria among the existing XRP holders. Many of them even launched a petition on Change.org, requesting the Ripple team to stop dumping the token.
Dwindling Investor Confidence in XRP
Senior executives of Ripple Labs have continuously posted clarifications. Lately, the company’s CTO David Schwartz confirmed that by selling XRP, they were not pocketing the forward. He added that Ripple had the backing of venture capitalists to support the development of their project.
“We started selling XRP only after there was a market price and for negligible amounts compared to our other funding,” wrote Mr. Schwartz.

You will not find any individual who bought XRP because they wanted Ripple to have money to do stuff to enrich them. We were financed by VC. There was no ICO.
— David Schwartz (@JoelKatz) December 27, 2019

The clarification did not land well with the community. Many respondents expressed their bewilderment, stating that Ripple had always claimed that they sold the tokens to “enhance the ecosystem.”

There’s several arguments you could of made defending Ripple unloading XRP (ie needed money to invest back into community for long term benefit) but yours is just a fucking lie. This is a big red flag among many others.
— NB | KillSwitch (@KillswitchNb) December 30, 2019

With the year for Ripple ending on a more confusing note, it is likely to hurt investors’ confidence in the token in 2020.
[Disclaimer: The author holds XRP in his portfolio.]
Featured Image from Shutterstock The post appeared first on NewsBTC.
Source: News BTC
Original Post: XRP to Remain a Cautionary Crypto Investment in 2020; Here’s Why

Japan Card Issuer JCB to Include Blockchain Tech for B2B Payments

Financial giant and card provided JCB and Paystand, a payment network that leverages blockchain technology, have entered into an agreement to create the first end-to-end blockchain-powered B2B digital payment platform for Japanese enterprises and JCB’s customers in Japan and Asia, according to a press release from the companies.

The annual value of the transactions in the B2B market where JCB operates amounts to $10 trillion USD annually. Most of these transactions are cash payments, as only 1% of Japan’s commercial transactions are conducted through the use of a credit card at the moment. 

According to the companies, this focus on pre-internet technology costs businesses in Japan between $500 billion USD and $1 trillion in lost productivity and ROI. This platform is expected to eliminate many of these circumstantial costs and to provide a few other benefits. 

The expectations are that time to cash for businesses will lower by 60% through the use of digital systems that leverage a cloud-based payment infrastructure. In addition to this, through the use of Paystand’s blockchain technology, it will become very hard to intentionally (and unintentionally) commit fraud, as all of the transaction hashes will be stored on an immutable record for an easy and transparent overview.

All in all, the companies are hoping the platform will improve the payment experience for merchants, enabling them to easily integrate it in their existing workflow.

CEO of Paystand, Jeremy Almond explains in the press release that B2B companies around the planet are constantly burdened by the commercial infrastructure designed for a pre-internet world. As a result of this design, there is a lot of paperwork, manual processes, transaction fees, and delays, unnecessarily costing businesses a lot of time and resources in the process. He continues to add that this relationship they are developing with JCB is an indication that enterprises are demanding a better payment infrastructure. 

Leveraging blockchain technology like this will enable companies to get their cash faster and easier, resulting in the ability for them to reinvest their revenue sooner, bolstering the economy and providing a significant amount of savings and productivity in the long run. Blockchain is there to make sure that no fraud is happening, errors don’t go unseen, and transactions are settled faster and accurately.


Source: Crypto News (.net)
Original Post: Japan Card Issuer JCB to Include Blockchain Tech for B2B Payments

Live Streaming Platform Dlive Joins Bittorrent Ecosystem

Live Streaming Platform Dlive Joins Bittorrent Ecosystem

Live streaming platform Dlive will soon be joining the Bittorrent ecosystem and begin migrating to the Tron blockchain. The decentralized Twitch alternative supported by Youtube star Pewdiepie will no longer support the Lino blockchain after the transition to Tron is complete.

Also Read: Youtube Star Pewdiepie Joins Live Streaming Platform That Accepts Cryptocurrency

Dlive Enters Justin Sun’s Orbit

Bittorrent has announced that Dlive, a blockchain-based content sharing platform, will be joining its ecosystem and begin a migration to the Tron blockchain. Last year Justin Sun, the founder of “decentralized web” crypto Tron, has taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol.

As part of the deal, Dlive will advertise its products and services on Bittorrent as well as using its newest service for storage. The two sides explained that Dlive and its blockchain development team will collaborate with the Bittorrent team to bolster its products and services. Blive, the live streaming platform introduced by Bittorrent in early 2019, will be merged into the Dlive platform, and their team will join the Dlive team. Dlive will begin utilizing the Bittorrent File-Sharing System (BTFS), a distributed file sharing and storage system, and will also merge its account systems with Bittorrent’s to further integrate each community with the other.

Live Streaming Platform Dlive Joins Bittorrent Ecosystem

“We are ecstatic to have the opportunity to be part of the Bittorrent ecosystem,” said Charles Wayn, CEO of Dlive. “I’ve watched them pioneer the digital peer-to-peer space. Dlive’s goal of empowering creators and rewarding communities is one step closer with the amplification of this new venture.”

Dlive is mainly an alternative to video live streaming platform Twitch. It claims to have over five million monthly active users and is available online at Dlive.tv as well as via its Android and iOS apps. Content creators and viewers can earn rewards for their participation in the form of Lino points, the native tokens of the network. For users outside the U.S. it is also possible to buy Lino points with cryptocurrency including bitcoin cash (BCH) as well as BTC, ETH and LTC. The platform got a big boost to its brand earlier this year when Pewdiepie, the leading Youtube star with over 100 million subscribers, started streaming with Dlive.

Lino Abandoned After Blockchain Migrating to Tron

Dlive also explained that by joining the Bittorrent ecosystem, it will no longer support the Lino blockchain after the transition to the Tron blockchain is complete. The Lino blockchain technical infrastructure will be integrated into Bittorrent, however the Lino coin will no longer be the fundamental unit of value or utilization in the new ecosystem. To facilitate the integration of BTT into the existing Dlive ecosystem, Dlive is expected to offer various benefits and rewards to existing users to transition from the Lino blockchain into the Bittorrent ecosystem. Once the migration to the Tron blockchain is successfully completed, Dlive will no longer utilize the Lino blockchain.

Regarding the Lino blockchain mainnet, the foundation of the Lino Network has announced that they have entered into a strategic partnership with the Bittorrent foundation. In conjunction with the partnership, the foundation will no longer support the Lino blockchain mainnet and the Lino coins. The foundation is currently working with the Bittorrent foundation on a plan to introduce the Bittorrent protocol and the BTT tokens to the Lino community. Further details are expected to be provided on January 15, 2020 for Lino coin holders and Lino blockchain validators.

Live Streaming Platform Dlive Joins Bittorrent Ecosystem

“Dlive is one of the best real-world examples of what is possible when you combine blockchain and digital media,” said Justin Sun, CEO of Bittorrent. “Dlive is a great solution for live media producers. Think of how valuable live streaming content is already to centralized social media platforms who take ownership and advantage of their users’ hard work. We look forward to Dlive bringing value to the entire world with the addition of Tron and Bittorrent’s global community of passionate creators.”

The Dlive migration comes at a very good time to help Tron get new people onboard. Only recently the Google-owned video sharing website Youtube removed content and banned channels that promote or otherwise analyze the digital asset markets. The company has since claimed this was done by mistake and reinstated some channels but it already drove many in the crypto community to look for ways to back up their content or even migrate to alternative platforms.

What do you think about Dlive joining the Bittorrent ecosystem? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Live Streaming Platform Dlive Joins Bittorrent Ecosystem appeared first on Bitcoin News.


Source: Bitcoin.com
Original Post: Live Streaming Platform Dlive Joins Bittorrent Ecosystem

Empowering The Daily Use Of Blockchain And Crypto

CryptoDaily Charts

In case you have not heard, our CryptoDaily Charts are now live and working perfectly on our website! This is our latest offering and allows charting users to analyse their favourite cryptocurrencies and digital assets.  There are many reasons why we’re very excited that CryptoDaily’s Charts are now live.  They are a great tool to stay current with your trading portfolio or analyse a new cryptocurrency.

Introducing CRDT Token

Perhaps our biggest venture yet is the introduction of our CRDT Token, something we cannot wait to share with the rest of the world. 

Let us provide a quick rundown of CRDT Token and the road map for the future of the network.

As noted on our CRDT Token website, we will use some of the proceeds raised to launch our proprietary Blockchain network technology.  As a media outlet dedicated to cryptocurrency, blockchain, and the digital economy, we produce a lot of content and our new blockchain network will help us store, manage, and deliver content more efficiently. . By the end of the second quarter of 2020, we are likely to have seen our IEO crowd sale, CryptoDaily Pay, our IoT-enabled advertising mainnet, and much more. 

Please take a moment to review our complete road map.

Developing CRDT Utility

One of the most important things CryptoDaily can do with its new blockchain and digital technology is develop utility for the CRDT Token.

To this end: what is in CRDT Token for you?

By becoming involved with CRDT Token as a token holder, there will be a wide range of benefits. Several value-added services are being developed where CRDT Token will serve as a medium of exchange, including a rewards system. Also, CRDT Tokens will be used to remunerate content providers and specialists who submit their content to CryptoDaily. As a fast-growing media outlet, we anticipate this result in recurring demand for CRDT Token.

Please review the CRDT Token White Paper to learn more about our plans.

The token sale for CRDT Token concludes on 1st March 2020, or when all the tokens are sold, so make sure to get involved as early as possible!


Source: CryptoDaily.co.uk
Original Post: Empowering The Daily Use Of Blockchain And Crypto

High-Profile Crypto Interview: Bitcoin Supporter and SEC Commissioner Hester Peirce Ends Year With Most Popular ICE Podcast


 

The New York Stock Exchange just announced to its 1.6 million followers on Twitter that the most popular episode from its parent company’s podcast was about Bitcoin.

Intercontinental Exchange, which operates 12 regulated exchanges and marketplaces, including the NYSE, aired the 29-minute episode entitled “SEC Commissioner Hester Peirce Leans In on Bitcoin Innovation” on August 29, 2019. It was this year’s most downloaded episode of their series.

Commissioner Peirce, dubbed ‘Crypto Mom’ by Bitcoiners and members of the crypto community, has been a champion of the technology and a supporter of digital assets. In 2018, when the Securities and Exchange Commission rejected a Bitcoin exchange-traded fund proposal from Cameron and Ty Winklevoss, the founders of crypto trading platform Gemini, Peirce issued a detailed dissent in which she questioned the motivations of the decision.

She wrote,

As long as these investors decline to enter the bitcoin market because there is no efficient vehicle that would reduce the costs of entry, the features of the bitcoin market that cause the Commission concern are likely to persist.”

In ICE’s Bitcoin episode, Peirce spoke with Brookly McLaughlin, the company’s senior director of corporate affairs and sustainability, at Bakkt’s Digital Asset Conference about how BTC and other digital assets can align with the Commission’s goals of fostering innovation within the confines of regulated markets.

Peirce says cryptocurrency is just one asset class and that the SEC is focused on a much broader scope. Given time and resources, she hopes the crypto community will temper expectations. That said, she says she finds Bitcoin and the emerging technology to be interesting.

“I wanted to see [at the SEC] a much more open attitude toward innovation paired with a very clear message to investors that just because we let something trade in markets doesn’t mean we’re telling you it’s a good idea for anyone, let alone you. So be skeptical, ask your own questions. We’ll get you the information you need to make decisions, but you’ve got to make your own decisions. So that’s my view. Let’s let innovation happen, and let’s let the market test products. If the market likes them, they’ll succeed. If it doesn’t, they won’t.”

Bitcoin, Ethereum and cryptocurrencies close out 2019 as the most profitable investments of the entire decade, outperforming Amazon, Google, Apple, Visa and other traditional stocks.

Bitcoin is up 8,999,900% in the last decade.



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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ComicSans, wacomka

The post High-Profile Crypto Interview: Bitcoin Supporter and SEC Commissioner Hester Peirce Ends Year With Most Popular ICE Podcast appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: High-Profile Crypto Interview: Bitcoin Supporter and SEC Commissioner Hester Peirce Ends Year With Most Popular ICE Podcast

Bitcoin’s $132bn market cap puts it above Turkey in terms of M1 money supply

Bitcoin’s $132 billion market cap might be a far cry from its 2017 all-time high, but it doesn’t mean it’s not playing in the big leagues. According to data from the CIA, Bitcoin’s current market cap makes it the 34th largest economy in terms of M1 money supply, just below the United Arab Emirates (UAE) and above Turkey.

Bitcoin’s current market cap shouldn’t be shrugged off

Few assets in the history of the world have been so widely discussed as Bitcoin has. With the world seemingly divided between those believing it was the future of money and those that see it as nothing more than a Ponzi scheme, it’s often hard to put Bitcoin’s true value in perspective.

Most analysis critical of Bitcoin compares its current value to its peak in December 2017, when the world’s largest cryptocurrency briefly reached $20,000 in price and achieved a market cap of almost half a trillion dollars.

When its current price, hovering around $7,100, is compared to the enormous gains the coin saw in the last few months of 2017, it seems like a faint shadow of its former glory.

However, there is a large community that sees Bitcoin through a different lens and instead of comparing it to its former self, compares it with the very things it set out to disrupt.

Bitcoin’s M1 monetary supply larger than Turkey’s

Bitcoin’s $132 billion market cap isn’t something that should be shrugged off. According to Jameson Lopp, the CTO of Casa, it means that Bitcoin’s isn’t a small niche market anymore and it’s finally playing in the major league.

Lopp shared a screengrab from the U.S. Central Intelligence Agency (CIA) website, where 194 countries were ranked according to their M1 money supply. The CIA defines the M1 money supply as the “total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency.”

According to the list, the “country” with the biggest stock of M1 money is the European Union with $8.77 trillion. It’s followed by China with $7.94 trillion and Japan with $6.42 trillion. The U.S. ranked fourth with $3.62 trillion.

The most surprising thing about the list, however, is Bitcoin’s place in it. Lopp shared an edited screengrab where he showed Bitcoin’s $132 billion market cap means it occupies the 34th position on the list, below the United Arab Emirates with an M1 supply of $132 billion and above Turkey with $122 billion.

Bitcoin ranks between UAE and Turkey
Bitcoin ranks between UAE and Turkey

“During 2019 Bitcoin rose from 49th to 34th position in terms of M1 money supply,” Lopp tweeted.

Another thing worth noting is the fact that Bitcoin rose 15 positions when compared to last year, which goes to show that, in the grand scheme of things, its current bear market actually bears very little weight.

The post Bitcoin’s $132bn market cap puts it above Turkey in terms of M1 money supply appeared first on CryptoSlate.


Source: CryptoSlate
Original Post: Bitcoin’s 2bn market cap puts it above Turkey in terms of M1 money supply

Last Day Of The Decade To Get $25 In Bitcoin From Voyager Crypto Exchange; The App With Many Surprises

As we kick off the new decade and the second quarter of the 21st century, we look back at 2019 and the years before. Bitcoin was born a decade ago and stands to be a staple of the rest of the 21st century as rooting is established within the financial system and adoption continues to grow year over year. In the past decade we saw it’s value go from several pennies to around $20K in a feat never witnessed before in human history; the birth of a non-governmental currency that stands to challenge the establishment and transfer wealth to people from all walks of life and create new opportunities globally. With 2019 ending, you can still access a trustworthy chance to capitalize on a free $25 in Bitcoin and be delighted with the Voyager app for iOS and Android.

Voyager came online earlier in 2019 and has continued to achieve amazing feats throughout the year, including offering a great sign-up incentive of $25. The company initially rolled out to most of the United States where they currently operate. They went public on Canadian and German exchanges and have raised significant capital to do things like buy ETHOS and rebrand it as the Voyager Token; which now earns a 5% interest monthly for HODLers. Further, they enabled a 3% interest for Bitcoin held in their exchange. 

The initial Voyager release in February was limited to iOS. Late in 2019, Voyager finally went live with their long-awaited Android app. While about 12 coins were available for trade at the start of the year, many more coins have been opened for trade throughout the year. Further, the exchange has enabled the ability to transfer coins to and from your wallet on their exchange, building trust with their growing base of customers who wish to have control over their investment journey.

There is much to look forward to in 2020, as Voyager continues to make announcement after announcement with high impact to their customers. They just announced additional interest options in 2020 on Ethereum, Litecoin and BCash. It is likely a trend that will continue as they create many incentives for investors and traders to use their exchange. They have been working hard to get footing internationally and will likely make announcements of going live in other countries like Canada, Germany, Britain and others as the year unfolds. 

Voyager as a public company ensures it holds a certain level of accountability to the public and to its customers. It must comply with various regulators and bring value to its stakeholders. The company matured greatly in 2019 and it has clearly established a strategy of bringing innovation and tangible and immediate value to its customers. They move quickly and with clear intention to spearhead the exchange space ahead of big competitors like Coinbase and Binance.

If you’re looking to take advantage of Voyager’s $25 sign up offer, just click here and sign up within a few minutes. Your crypto will be added to your account within several days which can be traded or HODLed. Voyager has continued to be an exciting place to exchange crypto throughout 2019. As they continue to add value in 2020 and beyond, you can be sure to stay tuned for more exciting news.

Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL

Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision. There may referral links contained in the content above.


Source: CryptoDaily.co.uk
Original Post: Last Day Of The Decade To Get In Bitcoin From Voyager Crypto Exchange; The App With Many Surprises

Bitcoin’s Drop to $7,000 Will Be Short Lasting Due to This Key Indicator

The aftermath of Bitcoin’s recent rally up to highs of $7,500 – and subsequent rejection – has been grave for bulls, as BTC has been caught within a strong downtrend that is leading the cryptocurrency down to its key support region that exists around $7,000.
It is important to note that one key factor is currently showing signs that this current sell-off may be weaker than it appears, which may mean that it will be short lived and followed by a bounce that leads the crypto back up to its resistance within the mid-to-upper $7,000 region.
Bitcoin’s Bears Roar as They Spark an Intraday Sell Off
At the time of writing, Bitcoin is trading down just under 1% at its current price of $7,270, which marks a notable decline from its daily highs of $7,400 that were set during an early morning rally attempt that resulted in it dropping to its current levels.
This latest rejection comes closely on the heels of the one seen last week, when BTC surged to highs of over $7,500 before facing insurmountable resistance that sparked the ongoing downtrend.
It is important to note that Bitcoin’s bulls have made many attempts to rally over the past several weeks, with each attempt resulting in strong and swift rejections that lead the cryptocurrency back to its support within the lower-$7,000 region.
HornHairs, a popular crypto analyst on Twitter, explained in a tweet from earlier this morning that the buying pressure the crypto has found despite its recent break below its swing high signals that it may soon see further upwards momentum.
“$BTC short: Flipped short upon a break back below the swing high, already bouncing hard and back above Monday’s low, might flip long again,” he explained while pointing to the chart seen below.

$BTC short
Flipped short upon a break back below the swing high, already bouncing hard and back above Monday's low, might flip long again pic.twitter.com/TfdhFXaPwN
— HornHairs 🌊 (@CryptoHornHairs) December 31, 2019

This Key Factor Signals That the Current Sell-Off May Be Short Lived
Cantering Clark, another popular crypto analyst on Twitter, explained that active and passive sellers are not currently working cohesively, which means that shorts will be caught off guard if BTC’s bulls ardently defend this level.
“Cumulative Volume Delta showing heavier selling into this low, yet less follow through than previously around 7200. Wouldn’t be surprised to see shorts caught offside right here temporarily. Active and Passive not working together right now,” he explained while pointing to the chart seen below.

Cumulative Volume Delta showing heavier selling into this low, yet less follow through than previously around 7200.
Wouldn't be surprised to see shorts caught offside right here temporarily.
Active and Passive not working together right now.$BTC pic.twitter.com/WEuzAepdXA
— Cantering Clark (@CanteringClark) December 31, 2019

As BTC inches lower to its key support level at $7,000, how buyers respond to this level will be imperative for determining which direction the crypto will trend in the first days and weeks of the new year.
Featured image from Shutterstock. The post appeared first on NewsBTC.
Source: News BTC
Original Post: Bitcoin’s Drop to ,000 Will Be Short Lasting Due to This Key Indicator

‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright

Bitcoin could be living out its final hours today if you were to believe Craig Wright. The self-proclaimed Satoshi Nakamoto said last year that there was a “fatal flaw” in Bitcoin which is set to completely destroy it, adding that “there won’t be any BTC by the end of next year.”

Self-proclaimed Satoshi Nakamoto predicted Bitcoin will die by the end of the year

Craig Wright, the chief scientist at nChain and chief defender at BSV, has been at the forefront of crypto news from 2018. However, few of his front-page appearances were as ridiculous and unbelievable as his prediction for the future of Bitcoin.

Back in 2018, Wright was a guest of The Crypto Show, where he spoke about his alleged creation, Bitcoin. He criticized Bitcoin, which he called ‘Bitcoin Core,” saying that none of the developers that were working on the network really understood it.

“They will learn next year that there is a fatal flaw in BTC and by fatal I mean there won’t be any BTC by the end of next year,” Wright said in the interview.

It’s also worth noting that Wright have the interview on Nov. 12, 2018, just three days before Bitcoin SV, which Wright claim is the forked that follows his original vision, forked from Bitcoin Cash.

Craig Wright’s fearmongering prediction yet to come true

But, with hours left before the end of the year, Wright’s prediction is yet to come true.

Despite its recent price slump and an overall turbulent 12 months, 2019 has been one of the best years for Bitcoin. Almost every single metric was up this year, showing that the network was thriving without much concern for the asset’s value in fiat.

The world’s largest cryptocurrency saw its yearly transaction volume reach its all-time high. The total number of transactions and the network’s hashrate both reached their peaks this year, proving that Bitcoin won’t be magically disappearing any time soon.

This isn’t the only outrageous prediction Wright made for the end of the year. Earlier this year, Wright said that Bitcoin SV is set to see its price rise to over $1,200 by the end of the year. However, what’s more outrageous than his claim that BSV will rise more than 1,100 percent by the end of the day is his prediction for Bitcoin.

He said in a market discussion on Slack:

“A true value of BTC at market will be between 0.10 and 0.20 USD.”

Craig Wright
Source: Twitter

The post ‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright appeared first on CryptoSlate.


Source: CryptoSlate
Original Post: ‘Fatal flaw’ set to destroy Bitcoin on Jan. 1, according to Craig Wright

Dr Doom Laments Bitcoin ‘Bubble’ on Taylor Swift Mashup

You probably already know that Nouriel “Dr Doom” Roubini is no fan of Bitcoin. The professor and economist has frequently sounded off against the crypto asset space in recent years.
What you might not know is that Roubini also has something of a musical side. His most recent offering sees him take on and rework Taylor Swift’s hit “I Knew You Were Trouble”. Well, kind of…
Dr Doom’s Most Memorable Anti-Bitcoin Rants Immortalised on Hilarious New Tune
New York University economics professor and all round Bitcoin hater Nouriel Roubini has become the star of an auto-tune cover of Taylor Swift’s 2012 hit single “I Knew You Were Trouble”. Titled simply “Bubble”, the track is the work of the blockchain startup Harmony.

Watch famed Bitcoin sceptic @Nouriel take on Taylor Swift as he predicts more 'trouble' for the blockchain industry!
But is there a surprise ending?#Crypto #YearInReview ➡ https://t.co/l444djWvIJ pic.twitter.com/XDHwnEQvHU
— Harmony (@harmonyprotocol) December 31, 2019

NewsBTC has reported on Roubini’s Bitcoin hating numerous times over the last twelve months. The economist has used just about every common critique to bash the digital currency. These include its apparent lack of scalability and decentralisation, as well as its supposed use for criminal activity.
Harmony’s tune, posted to YouTube earlier today, looks back at some of Roubini’s most infamous rants against Bitcoin. Those behind it have autotuned Dr Doom’s outbursts and set them, rather hilariously, to the Taylor Swift chart topper.
Standout lyrics include a particularly foul mouthed appraisal of the digital currency industry, as well as the track’s pull-no-punches refrain:
“Cos I like shouting ‘bubble’ when I’m on TV.
So shame on me now.
Tell me the facts, I will disagree.
Cos I’m old and out of touch.”
Somewhat bizarrely, the lyrics also have Roubini declaring himself to be the creator of Bitcoin, Satoshi Nakamoto. However, after apparently working on the protocol more than a decade ago, he has since started cooperating with the US Securities and Exchange Commission to bring down the digital currency. Whilst this seems about as plausible as some other claims on the title of Bitcoin inventor, it would make for serious plot twist in the story of the most popular digital currency if it turned out to be true!
The video concludes with Roubini coming to terms with the fact that he is probably missing out on the greatest transfer of wealth in human history since he isn’t invested in any digital asset. Presumably, he no longer has access to the coins he claims to have mined shortly after Bitcoin’s creation:
“But the reality of it, I’m not gonna make a penny.
Because I don’t hold any coins.
Not Bitcoin, Ethereum, or XRP”
 
Related Reading: Bitcoin Bulls Not Out of Woods, Wait For Break Above $7.5K
Featured Image from Shutterstock. The post appeared first on NewsBTC.
Source: News BTC
Original Post: Dr Doom Laments Bitcoin ‘Bubble’ on Taylor Swift Mashup

Ethereum Researcher Arrested for Advising North Korea on Crypto Released on Bail


 





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Virgil Griffith, a 36-year-old Ethereum researcher who was arrested at Los Angeles International Airport and taken into police custody on Thanksgiving Day for allegedly advising North Korea about how to circumvent US-led political and economic sanctions, was released from jail on a $1 million bond. 

Judge Vernon Broderick of the US District Court for the Southern District of New York (SDNY) granted the research scientist bail on December 30, after his family members secured the million-dollar bond, an Inner City Press report confirms.

Broderick added that “laws in this country are not suggestions… Assisting foreign governments with money laundering is illegal.”

Griffith, who must be accompanied by his parents, was given permission to return to his home in Alabama.

On Monday, Griffith’s attorney Brian Klein remarked via Twitter,

“Very pleased that earlier today a SDNY district court judge ordered my client Virgil Griffith released from jail pending trial, overturning the detention order of a SDNY magistrate judge.”

Earlier this month, Griffith’s initial request for bail was rejected after the discovery of text messages on his phone with his parents. They allegedly laid out Griffith’s plans to give up his US citizenship and establish a money laundering operation in North Korea.





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Case prosecutors said Griffith was a flight risk and was trying to obtain a passport to St. Kitts in the Caribbean.

Klein claims his client didn’t renounce his citizenship and that he was found guilty of violating sanctions, but not money laundering.

He added,

“At Virgil’s initial appearance in LA, the magistrate judge, after hearing argument, ordered him released. But the SDNY prosecutors then got a SDNY district court judge to stay his release until the Marshals transported him to LA. Virgil was transported to the SDNY, and last Thursday a magistrate judge ordered him detained pending trial. We appealed and won his release today.”





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Klein also confirmed that Griffith was suspended from working with the Ethereum Foundation, a non-profit organization that supports the ongoing development of Ethereum (ETH), the world’s second-largest cryptocurrency.  

Griffith has been charged by the US Attorney for the Southern District of New York and the Federal Bureau of Investigations for violating the International Emergency Economic Powers Act by traveling to North Korea to attend the Pyongyang Blockchain and Cryptocurrency Conference where he delivered a presentation on how to use cryptocurrency and blockchain tech to bypass international sanctions.

Federal prosecutors allege that Griffith provided “highly technical information” to the nation’s government, knowing that it could potentially be used to help the country engage in money laundering and bypass internationally imposed sanctions.



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Source: Daily HODL
Original Post: Ethereum Researcher Arrested for Advising North Korea on Crypto Released on Bail