Crypto Markets News 

Bitconnect Coin Hits New All-Time High at $115, as Bitcoin Price Surges

“In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market” writes unknown author for cryptocoinsnews.com. Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.According to…

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Crypto Markets News 

Bitcoin Breaks past $70 Billion Market Cap

“Hitting this milestone will also mean Bitcoin will have a market cap of roughly $83 billion, which could lead to a $100 billion market cap” writes unknown author for cryptocoinsnews.com. This could be the result of a number of reasons: If we look at the charts below for the total global market capital for Bitcoin and total market capital (just altcoins excluding Bitcoin) you will see that the total market cap is on the rise, while the total market cap for cryptocurrencies has dropped in the past two days.Right now,…

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Crypto News 

Russian cryptocurrency legislation faces delays amid Bitcoin price fluctuation

“The latest news concerning the coming cryptocurrency legislation in Russia are in tune with the more sceptic stance on the matter” reports financefeeds.com. Ms Sidorenko concluded that there is a chance that the cryptocurrency legislation will be passed into a law in 2018, but added that the timing depends on market developments.In July this year, Russia’s Internet ombudsman Dmitry Marinichev also commented on the coming cryptocurrency legislation in Russia, saying that it will partially resemble that of Japan, and will also have elements of the New York DFS licensing system. Source: financefeeds.com…

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Crypto News 

Bitcoin Hits New All-Time High above $3,700 amid Rising International Tensions

“Popular cryptocurrency exchange Bitfinex recently announced that it will no longer accept U.S. clients” writes unknown author for cryptocoinsnews.com. Bitcoin hit a new all-time high today, soaring past its previous record hitting $3,793.86 before sliding back, as one bitcoin is currently worth $3,744.56, according to data from CoinMarketCap.Back in July, Goldman Sachs’ chief technical analyst Sheba Jafari accurately predicted that bitcoin’s price would pull back to about $1,850, before setting a new record high.The cryptocurrency’s new record pushes its market cap to $61.7 billion, with the entire cryptocurrency ecosystem now…

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Crypto News 

Freewallet Has Released Mobile Multi Wallet That Allows Users to Manage Different Cryptocurrencies in One Place

“Freewallet, the developer of user-friendly mobile crypto-wallets, has launched Multi Wallet that allows users to store, manage and exchange different coins in one place” writes unknown author for cryptocoinsnews.com. Freewallet apps are easy-to-use mobile wallets that allow users to familiarize themselves with popular cryptocurrencies without delving into specific technical features and complex settings.Freewallet representatives plan to evolve Multi Wallet into a separate product to acquire new users that are interested in accessing their multi-currency portfolio from one mobile application. “Multi Wallet wasn’t released earlier since our primary goal is to…

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Crypto News 

U.K. Authorities look to Deem Bitcoin as Cash to Facilitate Cryptocurrency Seizures

“According to the report, cryptocurrencies facilitate criminal transactions and crimes” writes unknown author for cryptocoinsnews.com. This would facilitate seizures in the cryptocurrency, which the report states facilitates money laundering and criminal activities.It found that the lack of regulations for bitcoin ATMs in the U.K. is a vulnerability that can help criminals launder money.Notably, N8’s report recommends the U.K. Home Office, an organization that oversees law enforcement agencies in the country, to classify bitcoin as a form of cash, to make it easier to seize the cryptocurrency.The report starts by associating…

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Crypto News 

Goldman Sachs: Cryptocurrencies Getting ‘Harder to Ignore’

“Now, Goldman Sachs is counseling institutional investors to give cryptocurrency a closer look” writes unknown author for cryptocoinsnews.com. Mainstream financial institutions such as Goldman Sachs are finally beginning to realize what forward-thinking venture capitalists have known for years: investors need to pay attention to the cryptocurrency ecosystem.One hurdle institutional investors must overcome is the uncertain regulatory environment.Boroujerdi says that whether or not one believes cryptocurrencies have merit, “real dollars are at work” in the cryptocurrency space and warrant attention from investors. Source: cryptocoinsnews.com Share This:

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Crypto Markets News 

New Record: 10 Cryptocurrencies Have $1 Billion Market Caps

“Since receiving its $1 billion club membership card on August 4, IOTA has raised its market cap to $1.5 billion” writes unknown author for cryptocoinsnews.com. On Wednesday, the markets set yet another record: the number of cryptocurrencies with market caps exceeding $1 billion.As CoinMarketCap reports, every top 10 cryptocurrency now has a market cap exceeding $1 billion.At present, NEO has a market cap of $1.4 billion – a weekly increase of more than 300%.As recently as July 12, the NEO price was $5, resulting in a market cap of just…

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Crypto Markets News 

Buoyant bitcoin stirs crypto-bubble fears

“Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined” writes unknown author for cnbc.com. It is now around $120 billion – around the same value as Goldman and RBS together – and bitcoin makes up only 46 percent. Bitcoin Cash, a clone of bitcoin that was split off from the original last week by a rival group of developers, was valued at more than $12 billion less than 24 hours after it had started trading.The price of a single bitcoin…

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Crypto News 

BARCLAYS: AMD can’t be saved by cryptocurrencies

“But, cryptocurrencies are incredibly volatile, and interest in mining them isn’t a reliable source of revenue for the chip makers, Barclays analyst Blayne Curtis said in a client note sent out on Tuesday” writes Finanzen Net Gmbh for businessinsider.com. Cryptocurrency mining works on a regular CPU, but a GPU that is traditionally used for gaming is good at the type of math needed to verify payments for a lot of cryptocurrencies. Source: businessinsider.com Share This:

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