Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing?

Since November 8, within a 48-hour period, Basic Attention Token (BAT) lost 28 percent of its value following a high profile Coinbase listing. On Friday, as CCN reported, BAT declined by around 20 percent against the US dollar. In the last 24 hours, BAT dropped by yet another eight percent, recording a 28 percent decline The post Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing? appeared first on CCN

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Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Announces Support

Over the last 24 hours, Bitcoin Cash (BCH) has increased by around 12 percent from $425 to $477 prior to its hard fork. On November 2, CCN reported that Bitcoin.com and Binance decided to support the version of Bitcoin Cash set forth by ABC, the original developers of the BCH software that forked the Bitcoin The post Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Announces Support appeared first on CCN

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Tether Has Yanked $610 Million out of Circulation this Month

Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company — which shares a The post Tether Has Yanked $610 Million out of Circulation this Month appeared first on CCN

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Did Ethereum Bottom Out at $170? Worst Part of ETH Drop May be Over

On Sept. 12, Ethereum (ETH) dipped below the $170 mark, dropping to $166 to hit its lowest point of the year. Since then, within a 30-day period, ETH has shown promising recovery in its volume and momentum, rebounding from $166 to $230. Last week, on Sept. 23, the Ethereum price achieved $255. Worst Part of The post Did Ethereum Bottom Out at $170? Worst Part of ETH Drop May be Over appeared first on CCN

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Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher

Much has been made in recent days about how Gemini dollar (GUSD), a USD-pegged stablecoin created by the Winklevoss-founded Gemini cryptocurrency exchange, can help regularize cryptocurrency as a mainstream asset class. However, decentralization hardliners may be dismayed by the details of this grand bargain. GUSD Smart Contract Gives Gemini Broad Control Writing on tech publication The post Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher appeared first on CCN

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Bitcoin Flexes its Muscles as Cryptocurrency Market Tumbles to 2018 Low

The cryptocurrency market crossed an unwelcome milestone on Wednesday, as it not only fell to a year-to-date low but also surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline in the throes of the dotcom bubble that kicked off the new millennium. Cryptocurrency Decline Now Worse Than Dotcom Bubble Following a fresh rout this week, The post Bitcoin Flexes its Muscles as Cryptocurrency Market Tumbles to 2018 Low appeared first on CCN

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Tezos Price Nears 12% Spike on a Bearish Day for Crypto Markets

Tezos on Tuesday appreciated 12 percent against the US Dollar, recovering from the long bearish correction from September 10. XTZ/USD opened today while trading at 1.270-fiat on Gate.io exchange. The pair continued its corrective phase in the early Asian trading hours and formed lower lows towards 1.256. As the session matured, bulls and bears were The post Tezos Price Nears 12% Spike on a Bearish Day for Crypto Markets appeared first on CCN

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Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $20 to a $100 peak in a matter of hours, before correcting to $80 at press time. This means the cryptocurrency is currently up by over 277% in the last The post Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme appeared first on CCN

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