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Author: Adam Button

CEO says it will take too many resources

The New York Attorney General sent 13 major cryptocurrency exchanges a list of 34 question this week (read it here). The AG wanted details on ownership, policies, fees, internal controls, procedures and customer protection among other things with a May 1 deadline.

Compliance is technically voluntary but not cooperating with the New York Attorney General is undoubtedly a risky move.

"The resource diversion for this production is massive. This is going to completely blow up our roadmap!" Kraken co-founder and CEO Jesse Powell said in a statement.

CNBC contacted several other exchanges including Coinbase, Gemini Trust, bitFlyer USA and four others who all said they would provide the information.

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Author: Adam Button

Expect scale and consolidation in the Bitcoin mining industry next

Some miners unprofitable below $8000 Bitcoin mining is slowly becoming like real mining. Gone are the small-scale miners as they're replaced by massive operations with scale and cost-controls.

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Expect scale and consolidation in the Bitcoin mining industry next


Author: Adam Button
Category: Cryptocurrency
0


Some miners unprofitable below $8000 Bitcoin mining is slowly becoming like real mining. Gone are the small-scale miners as they're replaced by massive operations with scale and cost-controls.

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UK data: March CPI 0.1% m/m (expected 0.3%)
Asset 41

Author: Adam Button
1

Bitcoin takes a quick spill

Bitcoin falls to $7870 from $8100 In the past 20 minutes, Bitcoin has dropped more than $200. There isn't a clear catalyst for the news. Earlier, we that the New York Attorney General asked 13 crypto exchange for information.

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Bitcoin takes a quick spill


Author: Adam Button
Category: Cryptocurrency
1
Bitcoin falls to $7870 from $8100 In the past 20 minutes, Bitcoin has dropped more than $200. There isn't a clear catalyst for the news. Earlier, we that the New York Attorney General asked 13 crypto exchange for information.

Asset 24 View More

Author: Adam Button

New York Attorney General asks 13 crypto exchange for information

WSJ report New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges with a long questionnaire () that wants details on ownership, policies, fees, internal controls, procedures and customer protection.

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New York Attorney General asks 13 crypto exchange for information


Author: Adam Button
Category: Cryptocurrency
0
WSJ report New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges with a long questionnaire () that wants details on ownership, policies, fees, internal controls, procedures and customer protection.

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Author: Adam Button
7

Billionaire Ripple investor dies in Mexican rehab center

Matthew Mellon dead at 54 Making a billion dollars won't necessarily make you happy or healthy. Matthew Mellon died yesterday at a rehab facility in Cancun, Mexico. He reportedly turned a $2 million cryptocurrency investment into Ripple into $1 billion but also had a long term addiction to painkillers.

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Billionaire Ripple investor dies in Mexican rehab center


Author: Adam Button
Category: Cryptocurrency
7
Matthew Mellon dead at 54 Making a billion dollars won't necessarily make you happy or healthy. Matthew Mellon died yesterday at a rehab facility in Cancun, Mexico. He reportedly turned a $2 million cryptocurrency investment into Ripple into $1 billion but also had a long term addiction to painkillers.

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Author: Greg Michalowski

Bitcoin is back below the 100 hour MA (and $8000) level

100 hour MA at $8037.89 The price of bitcoin rallied on Saturday and Sunday and in the process moved to a swing high at $8398.98 today. That was the highest level since March 26th.  Last week (Thursday), the digital currency took off to the upside. The momentum did slow but did step higher into today.

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Bitcoin is back below the 100 hour MA (and $8000) level


Author: Greg Michalowski
Category: Cryptocurrency
0
100 hour MA at $8037.89 The price of bitcoin rallied on Saturday and Sunday and in the process moved to a swing high at $8398.98 today. That was the highest level since March 26th.  Last week (Thursday), the digital currency took off to the upside. The momentum did slow but did step higher into today.

Asset 24 View More

Author: Adam Button
10

Tim Draper continues to bet on the crypto future (and sing to it)

The venture capitalist is all about Bitcoin I wrote about Tim Draper predicting Bitcoin would hit $250,000 on Friday but it turns out he didn't just make the prediction, he made it along with a freestyle rap.

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Tim Draper continues to bet on the crypto future (and sing to it)


Author: Adam Button
Category: Cryptocurrency
10
The venture capitalist is all about Bitcoin I wrote about Tim Draper predicting Bitcoin would hit $250,000 on Friday but it turns out he didn't just make the prediction, he made it along with a freestyle rap.

Asset 24 View More

Author: Eamonn Sheridan
4

Look who likes the weekend news and the new week

Gains for the cryptocurrency bloc over the weekend, BTC is consolidating its price move from late last week: I posted earlier on the missile strikes into Syria and their FX impact (just repeating myself, but ICYMI):

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Look who likes the weekend news and the new week


Author: Eamonn Sheridan
Category: Cryptocurrency
4
Gains for the cryptocurrency bloc over the weekend, BTC is consolidating its price move from late last week: I posted earlier on the missile strikes into Syria and their FX impact (just repeating myself, but ICYMI):

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Author: Adam Button
14

No doubts from Tim Draper. Says Bitcoin going to $250,000

At the pace of the past couple  days, it won't take long Bitcoin gained 10% yesterday and followed up with a 5% gain today in a nice rebound to $8130 after falling as low as $6590 last week.

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No doubts from Tim Draper. Says Bitcoin going to $250,000


Author: Adam Button
Category: Cryptocurrency
14
At the pace of the past couple  days, it won't take long Bitcoin gained 10% yesterday and followed up with a 5% gain today in a nice rebound to $8130 after falling as low as $6590 last week.

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Author: Adam Button

Australia sets May 14 deadline for crypto exchanges to register for regulation

There are almost 100 exchanges in Australia The days of the wild west in crypto are slowly ending. The Australian Transaction Reports and Analysis Centre is demanding that all crypto exchanges register by May 14 for monitoring via anti-money laundering and counter-terrorism monitoring.

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Australia sets May 14 deadline for crypto exchanges to register for regulation


Author: Adam Button
Category: Cryptocurrency
0
There are almost 100 exchanges in Australia The days of the wild west in crypto are slowly ending. The Australian Transaction Reports and Analysis Centre is demanding that all crypto exchanges register by May 14 for monitoring via anti-money laundering and counter-terrorism monitoring.

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Author: Greg Michalowski

Bitcoin finds a buyer(s). Cracks $8000 for a moment. What next?

Up about $800 on the day The price of bitcoin has been treading water in narrow trading ranges over the last few days ().  As mentioned in the post yesteeday "At some point the non-trend should trend."  Well it trended.  

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Bitcoin finds a buyer(s). Cracks $8000 for a moment. What next?


Author: Greg Michalowski
Category: Cryptocurrency
0
Up about $800 on the day The price of bitcoin has been treading water in narrow trading ranges over the last few days ().  As mentioned in the post yesteeday "At some point the non-trend should trend."  Well it trended.  

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Author: Justin Low
5

Altcoins face strong pullback on the day

Among those, Ripple sees its more than 10% gains evaporate Ripple moved up from just under $0.50 to start the day to above $0.55 but thereafter, it faced a violent pullback in price as it trades at $0.51 levels currently.

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Altcoins face strong pullback on the day


Author: Justin Low
Category: Cryptocurrency
5
Among those, Ripple sees its more than 10% gains evaporate Ripple moved up from just under $0.50 to start the day to above $0.55 but thereafter, it faced a violent pullback in price as it trades at $0.51 levels currently.

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Author: Eamonn Sheridan
2

JPMorgan sued over fees for cryptocurrency purchases

Reuters with the report that JPMorgan has been accused charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards - The bank did this in in late January JPM spokewoman said

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JPMorgan sued over fees for cryptocurrency purchases


Author: Eamonn Sheridan
Category: Cryptocurrency
2
Reuters with the report that JPMorgan has been accused charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards - The bank did this in in late January JPM spokewoman said

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Author: Adam Button

Barclays has an analogy for the three kids of cryptocurrency buyers

An interesting way to look at it Cryptocurrencies aren't a craze, they're a viral phenomenon. That's how Barclays looks at them and notes that they've spread like a virus, but might fade like one too. The team of analysts there led by Joseph Abate says viruses make for three types of people:

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Barclays has an analogy for the three kids of cryptocurrency buyers


Author: Adam Button
Category: Cryptocurrency
0
An interesting way to look at it Cryptocurrencies aren't a craze, they're a viral phenomenon. That's how Barclays looks at them and notes that they've spread like a virus, but might fade like one too. The team of analysts there led by Joseph Abate says viruses make for three types of people:

Asset 24 View More

Author: Justin Low
23

'Bitcoin Jesus' says that he still owns some Bitcoin

Bitcoin.com CEO, Roger Ver, speaks to Bloomberg TV Ver is also known as "Bitcoin Jesus" and is an avid backer of Bitcoin's fork - Bitcoin Cash. But he still claims that he is still holding on to some proportion of "Bitcoin core" - as he puts it.

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'Bitcoin Jesus' says that he still owns some Bitcoin


Author: Justin Low
Category: Cryptocurrency
23
Bitcoin.com CEO, Roger Ver, speaks to Bloomberg TV Ver is also known as "Bitcoin Jesus" and is an avid backer of Bitcoin's fork - Bitcoin Cash. But he still claims that he is still holding on to some proportion of "Bitcoin core" - as he puts it.

Asset 24 View More

Author: Justin Low
4

RBA's Lowe: Bitcoin is a terrible means of payment

RBA governor Philip Lowe as he touches on cryptocurrencies in a Q&A session following his speech in Perth That's the last of Lowe's comments in his Q&A session. No surprises that another central banker is quite opposed to the use of digital currencies.

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RBA's Lowe: Bitcoin is a terrible means of payment


Author: Justin Low
Category: Cryptocurrency
4
RBA governor Philip Lowe as he touches on cryptocurrencies in a Q&A session following his speech in Perth That's the last of Lowe's comments in his Q&A session. No surprises that another central banker is quite opposed to the use of digital currencies.

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Author: Eamonn Sheridan

PBOC Gov Yi says bitcoin plays little role in serving the real economy

And that China is at the forefront of digital currency research  Earlier from the new governor: - Yi Gang is speaking at the Boao Forum today This is not him

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PBOC Gov Yi says bitcoin plays little role in serving the real economy


Author: Eamonn Sheridan
Category: Cryptocurrency
0
And that China is at the forefront of digital currency research  Earlier from the new governor: - Yi Gang is speaking at the Boao Forum today This is not him

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Author: Adam Button

Easy come, easy go for crypto currency fund that had massive gain last year

Fund down nearly 50% in March A cryptocurrency fund that posted a whopping 25,000% gain over its lifetime took a massive hit in March. The crypto based digital fund from Pantera Capital lost 45.7% in one month.

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Easy come, easy go for crypto currency fund that had massive gain last year


Author: Adam Button
Category: Cryptocurrency
0
Fund down nearly 50% in March A cryptocurrency fund that posted a whopping 25,000% gain over its lifetime took a massive hit in March. The crypto based digital fund from Pantera Capital lost 45.7% in one month.

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Author: Greg Michalowski
1

Bitcoin extends narrow range but runs into MAs

$189 range for the day Bitcoin has extended to a new session high. That is the good/bullish news. The not so good news for the digital currency is the trading range is at a very low $189 range. That is very narrow relatively to recent history. The market is simply not trading.

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Bitcoin extends narrow range but runs into MAs


Author: Greg Michalowski
Category: Cryptocurrency
1
$189 range for the day Bitcoin has extended to a new session high. That is the good/bullish news. The not so good news for the digital currency is the trading range is at a very low $189 range. That is very narrow relatively to recent history. The market is simply not trading.

Asset 24 View More

Author: Justin Low

South Korea's largest cryptocurrency exchange sees a 171-times spike in revenue for 2017

South Korea's Bithumb reportedly sees its revenue increase by 171-fold in 2017 compared to that of 2016 If you're wondering why equity investors tend to get caught up in the when a company is linked with cryptocurrencies/exchanges, this is a prime example.

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South Korea's largest cryptocurrency exchange sees a 171-times spike in revenue for 2017


Author: Justin Low
Category: Cryptocurrency
0
South Korea's Bithumb reportedly sees its revenue increase by 171-fold in 2017 compared to that of 2016 If you're wondering why equity investors tend to get caught up in the when a company is linked with cryptocurrencies/exchanges, this is a prime example.

Asset 24 View More

Author: Greg Michalowski

Bitcoin back below MAs after weekend rally fizzles

Down $221 on the day The price of Bitcoin had a weekend rally (lack of liquidity perhaps), that saw the price push above the 100 and 200 hour MAs (blue and green lines in the chart below). 

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Bitcoin back below MAs after weekend rally fizzles


Author: Greg Michalowski
Category: Cryptocurrency
0
Down $221 on the day The price of Bitcoin had a weekend rally (lack of liquidity perhaps), that saw the price push above the 100 and 200 hour MAs (blue and green lines in the chart below). 

Asset 24 View More

Author: Adam Button
9

Floyd Mayweather may come to regret foray into crypto as regulators close in

Regulators are looking at celebrity endorsements of fraudulent ICOs Floyd Mayweather gave himself the nickname 'money' but that doesn't mean he knows the difference between real money, cryptocurrencies and securities offerings.

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Floyd Mayweather may come to regret foray into crypto as regulators close in


Author: Adam Button
Category: Cryptocurrency
9
Regulators are looking at celebrity endorsements of fraudulent ICOs Floyd Mayweather gave himself the nickname 'money' but that doesn't mean he knows the difference between real money, cryptocurrencies and securities offerings.

Asset 24 View More

Author: Eamonn Sheridan
8

George Soros called cryptocurrencies a bubble in January, but now planning to trade them

George Soros is planning to trade digital assets through his family office, sources "familiar with the matter" say. Back in January, Soros called the digital assets a bubble, 

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George Soros called cryptocurrencies a bubble in January, but now planning to trade them


Author: Eamonn Sheridan
Category: Cryptocurrency
8
George Soros is planning to trade digital assets through his family office, sources "familiar with the matter" say. Back in January, Soros called the digital assets a bubble, 

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Author: Adam Button
3

Some good news for crypto: Coinbase in talks to be SEC regulated brokerage

WSJ report Coinbase has approached US regulators about registering as a licenced brokerage firm, according to a . WSJ report Bitcion is down 2.1% on Friday to $6606 but it's the broader crypto market that could benefit, especially second-tier coins like Ripple, which has been trying to get on Coinbase.

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Some good news for crypto: Coinbase in talks to be SEC regulated brokerage


Author: Adam Button
Category: Cryptocurrency
3
WSJ report Coinbase has approached US regulators about registering as a licenced brokerage firm, according to a . WSJ report Bitcion is down 2.1% on Friday to $6606 but it's the broader crypto market that could benefit, especially second-tier coins like Ripple, which has been trying to get on Coinbase.

Asset 24 View More

Author: Greg Michalowski
3

Another down but quiet day in Bitcoin, and it makes longs nervous.

Range $329 today. Yesterday the range was $365 Bitcoin is having another down but quiet day. Yesterday, the digital currency was down modestly, and traded in a relatively narrow $365 trading range. 

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Another down but quiet day in Bitcoin, and it makes longs nervous.


Author: Greg Michalowski
Category: Cryptocurrency
3
Range $329 today. Yesterday the range was $365 Bitcoin is having another down but quiet day. Yesterday, the digital currency was down modestly, and traded in a relatively narrow $365 trading range. 

Asset 24 View More

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