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Bitcoin news

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Re: Bitcoin news

#161
The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.


Bitcoin volatility lowest since November 2018

#162
mlawson71 wrote:
Fri Jan 25, 2019 1:20 am
The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.
Sounds like they are getting serious with the transactions now. Which is good.

In regards to Bitcoin, volatility has been stagnant for some time now. It's a bit of a shame really as Bitcoin seems promising. Let's hope things get better.

Bitcoin Volatility Falls To Lowest Since Mid-November

bitcoin-volatility-low-min.jpg

A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise.

The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by U.S. asset manager Blockforce Capital.

This compared to a reading of 100 at the start of 2019 and 85 four weeks ago, additional Blockforce Capital figures reveal.

The chart below provides a graphic representation of these changes in volatility:
bitcoin-volatility-chart.jpg

Bitcoin's Range-Bound Trading
Bitcoin prices have been trading within a relatively modest range lately, fluctuating primarily between $3,500 and $4,000 so far in 2019, according to CoinDesk price data.

This contrasts with times of sharp volatility, for example last year, when bitcoin climbed from less than $1,000 to almost $20,000, additional CoinDesk figures show.

"Bitcoin has been consolidating around $3500 since the sharp drop in November," observed Jon Pearlstone, publisher of the newsletter CryptoPatterns.

He emphasized that before suffering that decline, the digital currency held the $6,000 level for more than six months.

Some market observers prefer higher volatility, as more significant price fluctuations create greater opportunity for traders to earn a profit.

However, there is a flip side to this coin.

Critics have highlighted bitcoin's intense volatility, stating that its sharp price fluctuations make it less useful as a medium of exchange.

The cryptocurrency's recent malaise has thrown cold water on this argument by enabling its use as a medium of exchange.

Source: https://www.forbes.com/sites/cbovaird/2 ... b75316455e
外国為替ニュースFundamentals! News Coverage

Bitcoin plunges as market dumps $7 billion

#163
Bitcoin plunges further down as market dumps $7 billion

  • The awoken bears send the market tumbling losing $7 billion in a few hours.
  • Bitcoin declines are unstoppable towards $3,400.

The cryptocurrency market is painted red at the time of writing. The declines began towards the end of the trading session yesterday. The stability shown last week appears to have been purged as the entire market dived south.

Bitcoin is leading the downward spiral following the sharp drop below the ranging channel support at $3,500. The largest crypto is still correcting lower with declines of 3% on Monday. Looking at the trading last week, we see that Bitcoin was stable between the channel with resistance at $3,600 and support at $3,500. However, it has kicked off the trading this week with a sharp dip that has tested $3,400.

The signals from the technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are still negative at press time. BTC/USD is exchanging hands at $3,415, besides there is an ongoing bearish momentum that could break below $3,400 in the short-term unless support is established.

After a week of stability, the awoken bears have sent the market to the rocks dumping at least $7 billion in just a few hours. The total market cap has thinned greatly to refresh the lows in 2019 at $114 billion.

BTC/USD 1-hour chart

JAN28-BTC-636842609885801282.png

Source: https://www.forexcrunch.com/bitcoin-plu ... 7-billion/
外国為替ニュースFundamentals! News Coverage

Re: Bitcoin news

#164
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.

Re: Bitcoin news

#165
mlawson71 wrote:
Tue Jan 29, 2019 12:48 am
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.
this hacking stuffs is crazy......... seems like crypto is too unsafe :shock:


Re: Bitcoin news

#166
It really is a very bad look for the cryptocurrency industry.
When was the last time we heard about a forex broker being hacked, let alone a bank?


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