According to the founder of Trading Analysis, Todd Gordon, the world’s leading cryptocurrency Bitcoin is expected to rebound above $10,000 as soon as 2019 arrives. However, he also said that before this figure gets hit, the digital currency will have to drop by at least $4,000.
Cryptocurrency News
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Civil Rehabilitation for Mt. Gox Commences
Last updated: June 23, 2018, 6:31 am Cryptocurrency NewsJapanese officials on June 22 announced that the now defunct cryptocurrency exchange Mt. Gox has formally commenced with civil rehabilitation proceedings and Attorney Nobuaki Kobayashi is to act as the trustee for this process.
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New Blockchain Research Center in Stanford
Last updated: June 22, 2018, 7:55 am Cryptocurrency NewsA consortium of organizations as well as startups is sponsoring a new blockchain research centre which will be headquartered at Stanford University. Vitalik Buterin, the co-founder of Ethereum tweeted his support as well as his Foundation’s for this new research centre.
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The Bithumb Hack: The Impact
Last updated: June 21, 2018, 5:41 am Cryptocurrency NewsThis week, on Wednesday, about 35 billion won (~$31 million) worth of cryptocurrencies were stolen in a hack-attack from South Korean cryptocurrency exchange, Bithumb. Despite the fact that it has been more than 24 hours since the news broke, details are still sketchy about what happened. However, the impact of the hack is just beginning to be felt – like ripples in a pond.
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Hackers Mine $800k worth of Siacoin
Last updated: June 20, 2018, 10:01 am Cryptocurrency NewsAccording to news reports, a group of hackers teamed up with computer maintenance companies in China and proceeded to hack into computers owned by internet cafes so that they could mine cryptocurrencies.
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BIS Puts Down Cryptos
Last updated: June 19, 2018, 4:11 am Cryptocurrency NewsThe Bank of International Settlements published its annual economic report on Sunday June 17. As part of the report, the BIS conducted an analysis of cryptocurrencies, wherein the organization concluded that cryptocurrencies were not scalable enough to function as money.
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uPort Rationalizing Users’ Digital Identities
Last updated: June 18, 2018, 6:20 am Cryptocurrency NewsuPort, one of the oldest projects launched under the Ethereum umbrella and incubated with ConsenSys, is being regarded as one of the most exciting projects that is focused on rationalizing internet users’ digital identities.
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Bank of International Settlements to Release New Crypto Research
Last updated: June 17, 2018, 6:15 am Cryptocurrency NewsThe Bank of International Settlements (BIS) has finally decided to publish a new crypto research. It is even dedicating at least two chapters of its upcoming annual economic report to discuss all digital assets.
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Kurt Russell to Star in a Cryptocurrency Movie
Last updated: June 17, 2018, 6:26 am Cryptocurrency NewsThere is no doubt that Kurt Russell is one of Hollywood’s biggest actors to date. Now, he is expected to star in an indie movie that features cryptocurrencies. This is definitely an interesting film for all crypto lovers out there.
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SEC: Ether Not a Security
Last updated: June 16, 2018, 7:26 am Cryptocurrency NewsAccording to the Director of the Division of Corporate Finance at the SEC (Securities and Exchange Commission), William Hinman, Ether transactions are not securities transactions. Speaking at a Yahoo! All Markets Summit conference in San Francisco, Hinman stated that based on his understanding of the current state of Ether, its network as well as its decentralized structure, sales and offers of the token are not securities transactions.