bitcoin Cryptocurrency News 

Bitcoin Price Volatility Liquidates $90 Million in Brutal Pump and Dump

Bitcoin traders were badly whipsawed today and yesterday as the cryptocurrency rose above $9,100 only to dump back down to $8,600. The price action gives spot buyers or HODLers the opportunity to add to their long positions. A widely-followed trader shared a chart that explains bitcoin’s violent price action. Bitcoin surprised almost everyone on Sunday. The cryptocurrency suddenly spiked by 4 percent in less than ten minutes.The dominant cryptocurrency was trading at $8,787.11 around 11:15 am EST. By 11:21 am, bitcoin was valued at $9,123.34. The quick jump in price…

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Cryptocurrency News NYSE Silvergate Bank 

Here’s How Crypto Bank Silvergate Fared Day 1 of NYSE Listing

Crypto-friendly bank Silvergate starts trading on NYSE after IPO approval. SI cites a 6% increase on the initial offering price of $12. SEN network continues to grow. Silvergate Capital (NYSE: SI), a cryptocurrency-focused commercial bank, made its official listing on the New York Stock Exchange on Nov 7, commanding a 6% increase on the day. But how is it doing so far? The NYSE officially listed the crypto-minded bank under the ticker SI, on Thursday. This followed a formal declaration from the US security and Exchange Commission (SEC), approving the…

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bitfinex Cryptocurrency News Tether 

Tether Fires Back at ‘Embarrassing’ Bitcoin Manipulation Study

Tether has fired back at the authors of a study who claimed that the 2017 bull market was triggered by Bitfinex. The Tether team claims that the authors do not know how the cryptocurrency market functions. Tether assures that it never conducted activities with the purpose of manipulating the cryptocurrency market. Tether issued an official response to a research paper that claimed that a single market whale on Bitfinex manipulated the price of bitcoin in 2017. A Lone Bitcoin Whale On Nov. 4, Bloomberg shared a study that claimed that…

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bitcoin Cryptocurrency News Market News Opinion ray dalio 

Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right chords with themes such as the Fed printing money and the threat of “three…

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Altcoin News Cryptocurrency News huobi 

Huobi Global’s Ban on U.S. Customers Could Rattle Huobi Token (HT)

Huobi Global will disable the accounts of U.S.-based customers. HBUS welcomes Huobi Global’s users. The move could impact the price of Huobi Token (HT). Huobi Global announced Monday it will freeze the accounts of its U.S. customers in order to comply with domestic regulations. The move could have severe implications for Huobi Token (HT), the company’s native cryptocurrency. Complying with Laws and Regulations In a blog post, the world’s third-largest cryptocurrency exchange by trading volume, Huobi Global, announced that it had been steadily disabling the accounts of its U.S. customers. Now,…

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bitcoin Bitcoin Business bitmain Cryptocurrency News Op-ed 

Bitmain’s US IPO Plans Could Go Up in Smoke

Bitmain, a leading bitcoin miner, has repoortedly secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company. | Reuters/Dado Ruvic Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been struggling to bounce back since crypto winter. The black swan event dampened demand for cryptocurrency mining machines, causing profitability to plummet. The reported secret filing with the U.S. Securities and Exchange Commission (SEC) will help…

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Basic Attention Token Brave Cryptocurrency News 

Crypto Browser Brave Hits 8 Million Users Milestone, Trumpets ‘Everipedia’ Partnership

Brave teams up with blockchain-based encyclopedia Everipedia. Brave’s active users are skyrocketing. The market value of Basic Attention Token (BAT) may retrace before it continues rising. Privacy web browser Brave announced a co-marketing agreement with the world’s largest blockchain-based encyclopedia, Everipedia, to boost the company’s brand awareness among its userbase. The partnership comes at a time when Brave’s popularity is skyrocketing, and its native crypto, Basic Attention Token (BAT), could soon follow through. Strategic Partnership Brave is a free, open-source, and privacy-centric web browser with an integrated Adblock to bring…

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Altcoin News Blockchain News Brad Garlinghouse Cryptocurrency News Opinion ripple XRP 

XRP Is 10 Times Safer Than Fiat for Intl Payments – Ripple

According to Ripple, XRP is 1/10th as volatile as fiat for cross-border payments. The current SWIFT system is so slow it exacerbates international payment risk. XRP payments clear so fast that the exchange rate risk is negligible. The math busters over at Ripple have crunched the numbers and conducted a study that concludes that XRP is 10 times safer for making international payments – or as Team Ripple explains, one-tenth as volatile as fiat for cross-border transactions. Ripple’s head of Global Institutional Markets, Breanne Madigan, took to Twitter on Thursday…

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Charlie Lee Cryptocurrency News litecoin Opinion 

What’s Ahead for Litecoin After MimbleWimble-Fueled Privacy Is Added?

The Litecoin Summit is unfolding in Las Vegas, and MimbleWimble is center stage. Litecoin is on its way to becoming a privacy coin, which for Charlie Lee is about fungibility. The privacy push is a risky one that could cost the coin exchange listings in some countries. It’s no secret that Litecoin wants to become a privacy coin. Litecoin Creator Charlie Lee made that clear when he revealed a change in direction for the project, chief among which involved partnering with a Grin developer David Burkett to implement the MimbleWimble…

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bitcoin Cryptocurrency News Michael Novogratz Opinion 

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund

After Wednesday’s crypto crash that left bitcoin trading at the $7,500 level, many investors never thought they’d see this kind of buying opportunity again. Now market leaders are predicting that the BTC price could have further to fall before regaining its upward momentum alongside improving fundamentals, which if they’re right could play out before the end of the year. Still the bitcoin price downturn has taken a toll on sentiment in the crypto market. As a veteran trader, bitcoin bull Mike Novogratz, who predicted bitcoin’s tight trading range months ago,…

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