Daily Crypto - Bitcoin, Blockchain, Ethereum, Altcoin & Digital Cryptocurrency World News

Billionaire Michael Novogratz predicted that Bitcoin’s price is likely to be over $10,000 in six to 10 months [1]. Trace Mayer predicts Bitcoin price will reach $27,395 in February of 2018 [2]. Vladimir Putin stated “It is important not to create unnecessary barriers [on cryptocurrencies]” [3]. Bitcoin.org released an announcement stating storing any BTC on services such as Coinbase, Bitpay and Xapo is strongly not recommended during the hard fork in November [4].

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The Russian Central Bank is working to block access to cryptocurrency exchange websites [1]. Chinese mining operations may be shutting down and moving to new ventures [2]. Lufthansa entered into a deal with Swiss startup Winding Tree, a decentralized business-to-business marketplace built on the Ethereum blockchain [3]. Rumors arise that the Chinese government may have entered the cryptocurrency market with Ping An Bank Co., Ltd [4]. Daniel Masters, a former global commodities trader at JPMorgan Chase commented on his support for cryptocurrencies [5].

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Coinme.com launches 10 additional Bitcoin ATM’s [1]. Slight panic arises towards the upcoming bitcoin fork this November [2]. The CEO of Mastercard, Ajay Banga commented that non-government mandated cryptocurrencies are “junk” [3]. Harvard business professor Kenneth Rogoff believes that blockchain technology will thrive in the long run, but that the price of Bitcoin will collapse [4]. Pacific island nation of Vanuatu accepts Bitcoin payment for citizenship [5]. Auctus reaches 959 ETH in October 3rd-6th ICO [6].

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In The News:

The amount of money raised on the Blockchain by ICOs, has surpassed $1.2 billion dollars this year [1]. Cryptonetix will move its blockchain from WAVES to Ethereum [2]. A Bitstamp user has confirmed being robbed of his bitcoins [3]. GDAX and Bitfinex released statements on Bitcoin hard fork in November 2017 – users will have access to both chains [4] [5]. The Ethereum blockchain is expected to undergo an upgrade called Byzantium on October 16th [6]. Drivezy plans to accept bitcoin payment and launch ICO for nearly 18,000 ETH [7].

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In The News:

Goldman Sachs CEO Lloyd Blankfein has said he’s “still thinking” about Bitcoin [1]. LAToken announced they will hold the 2017 LAT Blockchain Economic Forum in New York City from October 31st through November 1st [2]. Rumors have spread of a possible discovery of Satoshi Nakamoto [3]. After the security failure of Equifax, reports indicate that the Trump administration is exploring alternatives to the standard means of identity [4]. Japanese energy supplier Remixpoint has recently launched a new electricity service with bitcoin payments [5]. BCH is expected to decline to $320 USD range [6].

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In The News:

The Pirate Bay has been secretly testing a Javascript cryptocurrency miner that allocates a large chunk of the visitor’s processing power [1]. Bitkoin.Africa launched a crypto exchange with full support in Nigeria [2]. Edward Snowden comments support for ZCash anonymous transactions [3]. ADA has been added to the Bittrex exchange [4]. Russian Deputy Prime Minister commented his support for broad use of blockchain in state administration [5].

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In The News:

Overstock.com launch a joint venture with tZERO, RenGen LLC and the Argon Group providing an Alternative Trading System (ATS) [1]. The Trump Administration focuses on Blockchain technology adoption in government operations [2]. Japan approved 11 companies to operate cryptocurrency exchanges in the country [3]. The local government in Dubai has officially launched its own cryptocurrency called emCash [4]. Hackers reveal a vulnerability in 2 factor authentication SMS interception for stealing bitcoins from a Coinbase account [5]. German exchange Bitcoin.de will support Ethereum trading in the coming weeks [6].

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News In Brief:

James Altucher states Amazon will accept Bitcoin and Amazon could make the announcement as early as October 26th at 4pm [1]. James Dimon, CEO of JP Morgan Chase warns gov. will ban Bitcoin; as he states cryptocurrencies are “worth nothing” to him [2]. Legalizing Bitcoin in Malaysia could bring millions of new users [3]. AngelList reports cryptocurrency job openings have doubled in the last 6-months [4]. Coinbase launched Litecoin and Ethereum vaults [5]. Charlie Lee comments there is no truth to China banning mining or network [6].

Market 09-24-2017 13:10:00:

BTC: $3,682 USD

ETH: $285 USD

LTC: $48 USD

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In The News:

James Altucher, a reputable American entrepreneur and venture capitalist announce via his paid subscription based newsletter that Amazon will accept Bitcoin. He states that Amazon could make the announcement as early as October 26th at 4pm. This comes after eBay expressing interest in accepting Bitcoin payment [1].

Amazon web services has already been working with Digital Currency Group, one of the biggest investors in cryptocurrency technology [1].

James Dimon, CEO of JP Morgan Chase warns governments will ban Bitcoin; as he states cryptocurrencies are “worth nothing” to him [2]. During his interview in New Delhi India, he commented that cryptocurrencies are created “out of thin air” with no value but he failed to understand the same can be said about fiat money [2].

Legalizing Bitcoin in Malaysia could bring millions of new users. In a short period of time, the country’s national currency declined by around 2 percent in value, and the central banks imposed strict capital controls, prohibiting any offshore trading of the Malaysian ringgit. Through the decentralized network of bitcoin, citizens of Malaysia will be able to send money back to their families offshore [3].

AngelList reports cryptocurrency job openings have doubled in the last 6-months. During the first half of 2017 alone there was more money invested in cryptocurrency startups than in all of 2016 combined. The price run-up of Bitcoin and Ethereum in 2017 is attracting more people into the space for the first time, and the level of interest from the investor community is also at a record high [4].

Coinbase launched Litecoin and Ethereum vaults for holding cryptocurrencies. The vaults add an extra layer of security such as a 48-hour withdrawal process with email confirmation requests

Japan now owns nearly 50% of crypto market share [1]. JP Morgan reveals they are looking for a Blockchain Technician [2]. ICOBox closed their token sale at nearly $16M USD [3]. Vitalik Buterin suggests Ethereum will have visa-scale transaction capacity in two years [4]. Pirate Bay founders launch ‘Njalla’ which offers anonymous domain registration for Bitcoin users. Ray Dalio, the founder of Bridgewater Associates, believes Bitcoin is in a bubble. Floyd Mayweather endorses Centra [5]. SEMrush study suggests Bitcoin price has a 91% correlation with the volume of Google search requests for bitcoin-related terms [6].

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In The News:

Tommy Lee “Bitcoin Is The Best Investment.”

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