bitcoin Cryptocurrency News 

Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook

The bitcoin price dropped by 31% since October 26, in just over a month. Yet, Blockchain Capital partner Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The cryptocurrency market showed signs of stagnation throughout November following China’s crackdown on small exchanges and the sell-off of bitcoin on spot exchanges like Huobi and Binance. Bitcoin is nearing a critical juncture as its recent sell-off shows few signs of slowing. Blockchain Capital’s Spencer Bogart sees Bitcoin prices going higher https://t.co/EKGtumm5x9 pic.twitter.com/gUZUIG3KFn — Bloomberg TV (@BloombergTV) December 2, 2019 Why…

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Cryptocurrency News Electronic Frontier Foundation Ethereum north korea virgil griffith 

Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile

The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily prophetic profile on him in 2008. The FBI arrested a 36-year old Ethereum developer from Alabama at the Los Angeles International Airport on Thanksgiving. The Manhattan US Attorney’s office announced Virgil Griffith’s arrest in a…

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bitcoin Cryptocurrency News hal finney Jack Dorsey satoshi nakamoto 

In Nod to Crypto Community, Twitter Won’t Purge Hal Finney’s Account

Crypto Twitter members breathed a collective sigh of relief today after some reassurance from the man himself. Square Crypto, whose Twitter account is seemingly manned by bitcoin bull Jack Dorsey, revealed that the Twitter account of the late Hal Finney isn’t going anywhere. It started with a tweet by bitcoin rewards app Lolli, which asked Dorsey and Twitter what would happen to the @halfin handle in light of the social media platform’s pursuit to shutter inactive accounts. Hal Finney was a software engineer and cryptographer who is famous for receiving…

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Cryptocurrency News Upbit 

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH (approximately $50 million in value) were stolen from the exchange. All lost funds will be covered, according to the head of the firm. Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. Hot Wallet Hacked On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot…

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anthony pompliano bitcoin Cryptocurrency News gold Peter Schiff 

Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp

Bitcoin maximalist Anthony Pompliano claims he will never bail out of his long positions. Gold cheerleader Peter Schiff likens this to a Titanic captain – loyal but misguided. Even with its recent price plunge, bitcoin is still massively outperforming gold. At What Point Will Bitcoin Maximalists Capitulate? Peter Schiff never passes up a good opportunity to roast bitcoiners. The flagship cryptocurrency’s unexpected decline in the second half of this year has not gone unnoticed for (arguably) gold’s biggest cheerleader. But maximalists like Anthony ‘Pomp’ Pompliano of Morgan Creek Digital are…

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bitcoin Cryptocurrency News 

Sub-$7000 Bitcoin Price Bloodbath Could Spiral Near $4,000, Warns Analyst

Peter Schiff believes bitcoin is breaking out of a bearish formation and is heading to $1,000. A renowned technical analyst thinks that such a bearish pattern could, instead, take BTC to $4,000, if validated. Several technical indicators add credibility to a further drop, but there is still a chance for a rebound. On Oct. 19, the veteran gold bug and longtime crypto critic Peter Schiff entertained the idea that a head-and-shoulders pattern was developing on bitcoin’s 1-day chart. He said that if this technical pattern was validated, BTC could drop…

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Cryptocurrency News Ethereum Litecoin XRP 

Crypto Black Friday Blowout Comes Early, But Who’s Buying ETH, XRP, and LTC?

Black Friday seems to have arrived earlier in the cryptocurrency market. But, unlike the real Black Friday, nobody seems to be rushing in to buy cryptos at the current discount rate. According to the Crypto Fear and Greed Index (CFGI), the overall market sentiment turned into “extreme fear” as investors expect a further downturn. However, historical data reveals that every time the CFGI goes into “extreme fear,” a buying opportunity is presented. The following technical analysis will evaluate whether Ethereum, XRP, and Litecoin are bound for a deeper retracement or…

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bitcoin Brian Kelly Cryptocurrency News 

Bitcoin Price Falters but Fundamentals Remain Intact

The bitcoin price is putting the crypto community to the test. Bitcoin fundamentals, however, remain solid. Altcoins are down in sympathy. It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that is only exacerbating already precarious market conditions. In fact, the only thing harder than being a bitcoin investor these days is being an altcoin investor, given they are subject to the whims of a violently volatile larger…

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Binance Changpeng Zhao Cryptocurrency News 

Binance CEO Speaks Up Against The Block; There Was No Raid

The Block reported that Binance’s Shanghai office was raided by the police. Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims. CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.” On Thursday, The Block published an article that rocked Crypto Twitter (CT). The New York-based crypto media outlet reported that Binance’s Shanghai office was raided and shut down by the police. The article also noted that some 50 to 100 employees…

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