Trading App for Kraken Futures Is Now Available on iOS and Android
Nov21

Trading App for Kraken Futures Is Now Available on iOS and Android

Cryptocurrency exchange Kraken announced that it is introducing a mobile version of its Kraken Future trading app. San Francisco-based cryptocurrency exchange Kraken announced that it is introducing a mobile version of its Kraken Future trading app. New opportunities for futures trading On Nov. 21, Kraken announced on its blog that it is launching a mobile app version of Kraken Futures, which was created earlier this year after...

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Bitcoin On “Life Support” as Analysts Target Move to Sub-$7,000
Nov21

Bitcoin On “Life Support” as Analysts Target Move to Sub-$7,000

Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency. Analysts are now noting that Bitcoin is “on life support” as it trades around a critical support level, and analysts are also noting that a lack of a decisive...

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Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial
Nov21

Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial

South Korean cryptocurrency exchange Bithumb denies recent reports that Chinese authorities have raided its Shanghai offices. South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices. On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s Shanghai offices are false and that its one and only...

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Green Policy and Crypto Energy Consumption in the EU
Nov21

Green Policy and Crypto Energy Consumption in the EU

Solarization dominating green energy efforts in the EU. Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electricity, currently produced predominantly using coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require the removal of the existing regulatory barriers on...

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Lesotho May Have a Blockchain-Powered Government Through Apollo
Nov21

Lesotho May Have a Blockchain-Powered Government Through Apollo

Several countries continue to pave the way for cryptocurrency and blockchain, the latest example being Lesotho in Africa. With a population of only 2.2 million and a relatively small government system, the nation has entered a “memorandum of understanding” (MOU) with the crypto company Apollo to potentially experiment with blockchain technology and see how it can best be implemented into the country’s regulatory bodies. Apollo Is...

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Crypto Retail Adoption Grows, Hot Spots Found in all Corners of the World
Nov21

Crypto Retail Adoption Grows, Hot Spots Found in all Corners of the World

Despite the fact that many crypto naysayers say that digital currencies are useless for payments, the number of retailers accepting payment via cryptocurrency is growing. Hot spots are emerging all over the globe. The areas in which cryptocurrency usage appears to be growing fastest and most concentrated remain the US and Europe. However, data shows notable growth in other areas that might have more to gain from the adoption of crypto...

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Ethereum (ETH) Could Decline A Lot More Aggressively During the Next Crash
Nov21

Ethereum (ETH) Could Decline A Lot More Aggressively During the Next Crash

Ethereum has seen some sharp downtrends against Bitcoin (BTC) in the past. The daily chart for ETH/BTC shows one such downtrend between June and August this year. While that was a brutal downtrend, we have reasons to believe the next downtrend could be a lot more brutal. ETH/BTC is currently trading within a descending broadening wedge. Now that it has tested the top of this wedge, there is a lot of room for it to decline to the...

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How Europe is Driving Adoption
Nov21

How Europe is Driving Adoption

Is Cryptocurrency in Europe becoming Bullish? Europe thinks Crypto will become mainstream in the next 5 years According to a poll by bitFlyer that sampled the thoughts and feeling of 10,000 participants across ten different countries in Europe has revealed a high percentage of Europeans who claim that cryptocurrencies aren’t just a ‘phase’. Bullish in Europe According to the details of the bitFlyer Google survey, just over 60 percent...

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Few Big Exchanges Continue to Report Fake Volumes in 2019: Chainalysis
Nov21

Few Big Exchanges Continue to Report Fake Volumes in 2019: Chainalysis

Large crypto exchanges appear to have slowed misreporting of their trading volumes in 2019, according to a new Chainalysis report. Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex that likely report fake trading volumes to simulate greater market...

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Analyst: Break Below Bitcoin’s Current Support Could Spark Drop to $6,000
Nov21

Analyst: Break Below Bitcoin’s Current Support Could Spark Drop to $6,000

After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher. One prominent analyst is now noting that a failure for BTC to maintain above its last-ditch support level at $7,700 would likely lead to a...

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In 2019, Cryptocurrency Exchanges Diversified
Nov21

In 2019, Cryptocurrency Exchanges Diversified

With exchanges controlling so much of the industry inflows, and accounting for more than 40% of the jobs, any review of the year has to start and end there. An analysis of the dominant trends driving trading platforms serves as a proxy for measuring the cryptosphere’s overall health. From initial exchange offerings to staking as a service, 2019 was the year that crypto exchanges expanded and diversified. Also read: Bitcoin Emits Less...

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Backfire in Argentina: Citizens Want BTC Over Peso Amid USD Crackdown
Nov21

Backfire in Argentina: Citizens Want BTC Over Peso Amid USD Crackdown

Following the ban of crypto purchases with credit card, Argentina’s P2P Bitcoin trading volume reaches an all-time high. Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past two weeks, the country has traded the highest amount of Bitcoins on the...

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Lawyer Found Guilty of Money Laundering for OneCoin’s Cryptoqueen
Nov21

Lawyer Found Guilty of Money Laundering for OneCoin’s Cryptoqueen

Former partner at law firm Locke Lord Mark S. Scott was found guilty of helping OneCoin co-founder Ruja Ignatova launder $400 million. A Manhattan federal jury has found lawyer Mark S. Scott guilty of helping OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million. On Nov. 21, Law360 reported that the Manhattan jury of six women and six men decided to hand down a guilty verdict to Scott, a former partner at law firm...

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Right on Cue: Schiff Resurfaces to Celebrate Bitcoin Price Drop
Nov21

Right on Cue: Schiff Resurfaces to Celebrate Bitcoin Price Drop

For someone lacking interest in Bitcoin, Peter Schiff has a funny way of showing it. As the price leading digital assets is dropping today, the gold bug has once again commented that such moves are evidence of a “pump and dump” narrative in the market. Schiff seems to think that there is only room for one hard form of money on the planet. Despite its similarities to gold in terms of monetary policy, the billionaire investor remains...

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Einstein Exchange Has Very Little Customer Money Left
Nov21

Einstein Exchange Has Very Little Customer Money Left

Remember Live Bitcoin News’ coverage of Einstein Exchange, the now defunct cryptocurrency exchange stationed in Canada? Remember how the company took roughly $16 million of customers’ money with it? Well, turns out a lot of that money is lost, and Einstein now only possesses about $45,000 of its previous total. Einstein Exchange: Losing Money Quickly Most of the remaining money is made up of “hard assets,” according to an official...

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