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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NEO Founder: Blockchains are Over-Regulated

Da Hongfei, the founder of Antshares (presently and best known as NEO), believes that blockchains and cryptocurrencies are over-regulated in the extreme. In fact, he was recently quoted in a discussion with 8BTC as saying: In essence, blockchain can barely survive within the existing financial regulation system. A licensed institute may find it unnecessary to The post NEO Founder: Blockchains are Over-Regulated appeared first on CCN

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Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally

Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If Bitcoin The post Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally appeared first on CCN

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Dash Launches Text-Based Crypto Payment Service in Venezuela

Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, as it builds on its already strong presence in the crypto dependent country. In an announcement released this week, the company said that Dash Text eliminates the need for Venezuelan users to possess smartphones and internet access The post Dash Launches Text-Based Crypto Payment Service in Venezuela appeared first on CCN

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Controversial Venezuelan State Cryptocurrency ‘Petro’ is Now for Sale

After months of speculation regarding the status of Venezuela’s much-publicised Petro cryptocurrency project, the Venezuelan government has announced that the Petro is now available for sale and can be bought with bitcoin and litecoin. A tweet from the official account of the Venezuelan Vice president of the Economy, Tareck El Aissami posted on October 29 The post Controversial Venezuelan State Cryptocurrency ‘Petro’ is Now for Sale appeared first on CCN

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Beyond Crypto Friendly: Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and The post Beyond Crypto Friendly: Swiss Bank Helps Clients Participate in ICOs appeared first on CCN

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Newsflash: Tether Destroys 500 Million USDT

Tether Limited, the issuer of the USD-pegged USDT cryptocurrency, has destroyed 500 million units of the embattled stablecoin. Blockchain data reveals that earlier today, Tether transferred 500 million USDT from the token’s treasury address to this address, which the firm’s website indicates is the official USDT issuing address. Immediately following that transaction’s confirmation, the issuing The post Newsflash: Tether Destroys 500 Million USDT appeared first on CCN

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This Third-Party DApp Lets You Tokenize Your CryptoKitties

So you spent upwards of $100,000 to purchase one of the hottest digital felines on CryptoKitties — now what? That’s the question plaguing many users of CryptoKitties, which remains the most popular decentralized application (dApp) on Ethereum, per DappRadar, but — despite receiving $12 million in venture funding — is struggling to grow its active … Continued The post This Third-Party DApp Lets You Tokenize Your CryptoKitties appeared first on CCN

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