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BREAKING LEAKED: Shanghai Government Declares War on “Shitcoins” (7bitcoins.com) 11/15/2019 - 6:01am
An official document that was compiled by the Shangai government and leaked according to a Twitter user that goes by the name @Crypto_Even has reportedly declared war on “shitcoins”. The document targets cryptocurrency transaction providers in China, Fundraising via ICOs and other blockchain instruments and service providers for overseas...
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Google Moving Into Banking While RBC Bank Eyes Bitcoin and Crypto (7bitcoins.com) 11/14/2019 - 10:00am
Google is planning to offer banking services. It intends to offer checking accounts via its Google Pay app. Services are scheduled to start the next year according to reports from the Wall Street Journal. Named ” Cache ” the platform will be a partnership with other banks. In collaboration with Citigroup and Standford University that will handle...
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PMC Bank Fraud – One Million Indian Customers Left Without Access To Their Money (7bitcoins.com) 11/12/2019 - 11:25am
Nearly one million Indian customers are protesting after fraud investigation launched against PMC bank. Protesters are account holders at the PMC bank, which after being investigated for fraud is not operating anymore leaving their customers in panic without access to their money. The managing director of the bank has been arrested from the Indian...
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JPMorgan Scared of Crypto, Building a Blockchain Payment System (7bitcoins.com) 11/12/2019 - 6:33am
JPMorgan, the biggest bank in America in cooperation with the central bank of Singapore have built up a blockchain model for multi-currency cross-border payments. The Monetary Authority of Singapore (MAS) announced the news on Monday saying that the new payment system is able to carry transactions in various on the same network adding that Temasek...
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Bitcoin (BTC) Price Under $9,000 – Support at $8,400 Most Hold Says Crypto Analyst (7bitcoins.com) 11/08/2019 - 6:30am
Bitcoin price has gone under $9,000 today, two weeks after the 40% historic pump earlier in October. Crypto analyst DonAlt thinks that nothing changed on the charts despite the changing narrative. He thinks that more downside is expected and $8,400 would be a great entry zone for buys to catch maybe some panic wicks. $BTC update: Even though the...
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Libra Works Better in IMF’s Custody Says ex Governor of Central Bank of China (7bitcoins.com) 11/08/2019 - 3:19am
ZHOU Xiaochuan, Chairman of the central bank of China (PBOC) in 2002 to 2018 and one of the MOST influential people in finance and monetary policies in China, commented on Libra today saying: “People will question the motive of Libra as it’s initiated by a private company, it works better if it’s in IMF’s custody” ZHOU Xiaochuan, Chairman of PBOC...
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Cryptocurrency Tax: Bitcoin (7bitcoins.com) 11/07/2019 - 11:36am
Bitcoin was the first digital cryptocurrency created by an entity that goes by the name of Satoshi Nakamoto. It is a decentralized digital currency that has no central bank or single administrator. Bitcoin is built on the blockchain system and exists within the Bitcoin Blockchain network. All Bitcoin transactions are verified by network nodes...
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Brexit Will Boost Bitcoin Price to £1 Million Analysts Says (7bitcoins.com) 11/06/2019 - 8:30am
Brexit will have a huge impact on Bitcoin price making it surge to 1 million pounds says a crypto analyst and explains how. At the time of writing bitcoin is trading in the range of £7,150 and a surge to £1 million would be a long way to get there. However, Josh Riddett, CEO of Easy Crypto Hunter, is optimist that it is possible. Riddett said that...
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4Chan Prophecy: Deutsche Bank has Reportedly Filed Bankruptcy (7bitcoins.com) 11/05/2019 - 6:17am
Another 4Chan Prophecy is circulating that Deutsche Bank has ALLEGEDLY filed Bankruptcy saying: “Don’t ask me how i know but Deutsche Bank filed for bankruptcy today Tomorrow it will be all over the news and our system will start to break under its own weight” From 4Chan “Don’t ask me how i know but Deutsche Bank filed for bankruptcy today...
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BTC Price Dumps Under $8,400 on CME But Not on Other Exchanges (7bitcoins.com) 11/05/2019 - 4:09am
Bitcoin has a tendency to fill the gaps, especially on CME and that is what just happened minutes ago. The gap on CME was filled with the price going down from $9,300 to under $8,400. A $1,000 candle that did not affect other exchanges where the price was stable near $9,300. After the move down the price returned at the previous levels above $9,...
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Kleiman Estate Says Craig Wright is Not Paying and Decided to Bring Him to Trial Again (7bitcoins.com) 11/03/2019 - 6:05am
Craig Wright, the man who claims to be Satoshi the bitcoin creator was ordered from the court of Florida months ago to pay Kleiman estate half of the jointly owned bitcoins. A document was listed in court on 1 November 2019 that says that Wright is unable to pay IRA KLEIMAN, (the personal representative of the Estate of David Kleiman) half the “1,...
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The Fed In Injecting the Equivalent of 13 Million Bitcoin Everyday (7bitcoins.com) 11/02/2019 - 2:04pm
The Federal Reserve is increasing the liquidity injection in the markets. It has been more than a week since the Fed increased the repo operation offerings from $75 billion to $120 billion a day according to CNBC reports. If this amount is converted in bitcoin at the actual rates is 12,903,226 BTC. But what is a Repurchase Agreement (Repo)?...
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Debit Card EMIs, a better option than Credit Cards (7bitcoins.com) 11/01/2019 - 11:59am
We are slowly moving into the digital age, where all your transactions will be made electronically. For this reason, many banks and other Non-banking financial corporations have come up with some ingenious ways to make payments, one of the latest forms of online payments are Debit Card EMIs. Debit Card EMIs are pretty simple, you use your Debit...
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Yichuan Bank, The 4th Bank to Fail In China In the last 6 Months (7bitcoins.com) 10/31/2019 - 5:44pm
Hundreds of people rushing to withdraw their money from the Yichuan Rural Commercial Bank in Henan province amid rumors via WeChat that the bank was going to bust according to reports from the Chinese media outlet South China Morning Post The bank didn’t explain the unexpected massive withdrawals, however, confirmed that “services and operation...
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Jihan Wu Returns on Top of Bitmain With Coup (7bitcoins.com) 10/30/2019 - 11:54am
Bitmain, the giant producer of mining hardware which claims to have three-quarters of the global market of machines that mine bitcoin, has seen the return of Jihan Wu return in charge of the company. The company filed for an IPO in Hong Kong earlier this year after a collapse of the bitcoin price with the aim of raising $3 billion. The IPO expired...
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The Digital Gold Rush: Russia to Aims to Mine 20% Of The Bitcoin Supply (7bitcoins.com) 10/30/2019 - 7:27am
A bitcoin mining company in Russia owned by the country’s internet ombudsman plans to open a giant mining facility and take 20% of the global mining market. The news was reported by RBC , a Russian Financial media, saying that Russian Mining Company (RMC) plans to use its metal factory in Karelia (which was closed due to U.S. sanctions) to mine...
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Central Bank of Lebanon Warns an Economic Collapse While PM Hariri Resigns (7bitcoins.com) 10/29/2019 - 12:42pm
Lebanon is on the edge of economic collapse if no solution is found to resolve the massive protests that have paralyzed the country said the Central Bank Governor, Riad Salame in an interview for CNN . “It’s a matter of days, because the cost is heavy on the country,” Governator of Central Bank of Lebanon said. Lebanon banks have been closed for...
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Top Crypto Trends of 2019: Stablecoins, Security Tokens and more (7bitcoins.com) 10/28/2019 - 6:57pm
Last year was rather turbulent for the crypto community, with prices plummeting over 80% from the peak, and many people expecting ‘the bubble’ to burst. As for the year 2019, it may be seen a period of stabilization. In this article, we would like to review the basic trends shaping the crypto profile of 2019. Being aware of what is really...
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Lebanon Forbidding Large Amounts of Dollar Cash To Leave The Country (7bitcoins.com) 10/28/2019 - 10:08am
The ongoing anti-government protests in Lebanon that started on 17 October enters in the eleventh day where people have no access to their banking accounts, due to closed banks and empty ATMs. As if that wasn’t enough the Lebanese Public Prosecutor Ghassan Oueidat, forced a ban on taking large amounts of dollars in cash via air or land borders,...
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Interest in Bitcoin and Blockchain Explodes in China After President Xi Comments (7bitcoins.com) 10/28/2019 - 5:33am
An explosion of interest has hit China after comments by the country’s president, Xi Jinping encouraging blockchain development. WeCHat searches for terms “bitcoin” and “blockchain” has skyrocketed. WeChat searches (10/23/19): – 区块链 (Blockchain): 777K – 比特币 (Bitcoin): 572K WeChat searches (10/25/19): – 区块链 (Blockchain): 9.2MM – 比特币 (Bitcoin): 1...
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China’s Congress Passes Cryptography Law To Encourage Development (7bitcoins.com) 10/26/2019 - 11:36am
The 13th National People’s Congress voted on the afternoon of 26 October to pass the first cryptography law, which will take effect on January 1, 2020. The cryptography law aims to stimulate cryptography development according to a Chinese media report The new law came a day after President of China X delivered a speech where he said that he wants...
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Bitcoin Price Surges to $8.700 In Minutes – $157 Million Rekt on Bitmex (7bitcoins.com) 10/25/2019 - 3:56pm
Bitcoin, as usually at this period of the month made his violent move by $1200, this time to the upside caught bears by surprise. Only on Bitmex $157 million were liquidated in one hour. The market sentiment was bad and traders were looking to lower levels to buy, but usually happens the opposite of what the majority were expecting to happen. But...
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President Xi Jinping wants China to Lead the Blockchain Adoption In the Economy (7bitcoins.com) 10/25/2019 - 8:20am
China’s President Xi Jinping said that China should accelerate the development of blockchain technology and take a leading position in the emerging technology. Political Bureau of the Central Committee of the Communist Party of China conducted the 18th collective study on the status and trend of blockchain technology development on the afternoon...
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Bitcoin Has Transferred 11 Trillion USD Since 2009 (7bitcoins.com) 10/25/2019 - 6:38am
According to new calculations, Bitcoin (BTC) as a network has transferred funds of 11 trillion dollars since its blockchain appeared on the market in 2009. The latest Bitcoin statistics were shown on Twitter by crypto analyst, PlanB: #bitcoin transferred $11 trillion in wealth (2009-2019) Still going strong at $10 billion each day pic.twitter.com/...
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Crypto Capital CEO Arrested in Alleged Drug Cartel and Money Laundering Operation (7bitcoins.com) 10/24/2019 - 7:06pm
Ivan Manuel Molina Lee was detained on the basis of a European Arrest Warrant issued by the prosecutor’s office in Wrocław, Poland. According to the RMF24 portal , which was the first to inform about the arrest of Molina Lee, he is the CEO of Crypto Capital company, registered in Michałowice in Mazovia, a village in Poland. According to the Polish...
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Bitcoin Hash Rate Hits New Records While BTC Price Plunges (7bitcoins.com) 10/24/2019 - 10:04am
Bitcoin miners seem to be long term bullish on bitcoin because the hash rate is setting new highs despite the last day sell-off. The chart below shows that the bitcoin network hit yesterday 114 quintillion hashes per second. Source: Blockchain.com The hash rate is the cumulative hash power used by all the miners to validate transactions. The...
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Congressman Yells At Bitcoin At The Libra Hearing (7bitcoins.com) 10/24/2019 - 6:03am
During yesterday’s hearing in the Congress, where Mark Zuckerberg was there to talk about Libra, Facebook’s digital currency, attention was drawn to bitcoin. Congressman Brad Sherman bashed bitcoin for not being a useful technology except for criminals and admitting that this asset is a threat to the U.S. dollar dominance in the world. Congressman...
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Bitcoin Drops $700 Minutes Before Zuckerberg’s Congress Hearing- $200 million Liquidated On Bitmex (7bitcoins.com) 10/23/2019 - 1:23pm
Today bitcoin went down by 10% while $200 million worth of bitcoin got liquidated on Bitmex. Bitcoin plunged by over $700 in a short time as it dropped from $8,000 to hit a low of $7,280 today during a rough hour sell-off. It has bounced back after to $7,450. The price drop started only minutes before Facebook CEO Mark Zuckerberg’s hearing at the...
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Bitcoin Network Velocity Increased During the Past Months (7bitcoins.com) 10/23/2019 - 11:57am
A crypto analyst that goes by name PlanB tolt his 45k followers that bitcoin network velocity has a significant increase during the past months showing a screenshot with data from his node Oops, I had acounting error in my script: it is not reset to zero each month, so cumulative .. Thank you very much @ziggamon for pointing it out!! These are the...
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Bitcoin Drops 10% After Grayscale “DropGold” Commercial Announcment (7bitcoins.com) 10/23/2019 - 10:42am
Bitcoin price plunged by nearly 10% just minutes after the announcement of a commercial video by Grayscale to drop gold and buy bitcoin. ANNOUNCEMENT: Our second commercial goes live TODAY as we double down on #DropGold with our next chapter of educating investors about the investment-case for #Bitcoin and $BTC access products like $GBTC : https...
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Chile Declares State Of Emergency – People Unable to Withdraw Their Money (7bitcoins.com) 10/22/2019 - 10:45am
The same scenario repeats every time a system fails, people are unable to access their money. This is the banking system we have, a powerful tool used by authorities to control the people. While Chile streets are under military law and there are reports of militia shooting people in the streets. Social injustice and inequality [...] The post Chile...
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Bitcoin Payments Are Now Possible Directly From The Opera Browser (7bitcoins.com) 10/22/2019 - 5:58am
Opera browser has added support of Bitcoin payments directly from their Android browser App. Making the announcement today Opera included that the new functions added in the last update will allow Android users to send and receive bitcoin transactions directly from the Operas’ built-in cryptocurrency wallet. An additional cryptocurrency Opera...
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IMF Warns Central Banks: Cryptos Are Coming For You, Do Something! (7bitcoins.com) 10/21/2019 - 7:28pm
As reported by Bloomberg at the meeting of ministers and central bankers this week in Washington, the International Monetary Fund sent a clear message. Digital currencies will bring a massive disruption, you need to get involved with the new technology before it is too late. The financial counselor and director of the monetary and capital [...]...
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McKinsey Report: One in Three Banks Threatened to Disappear in the Coming Months (7bitcoins.com) 10/21/2019 - 12:20pm
According to McKinsey, the consulting firm based in New York, the fragility of these financial institutions is because of the low-interest-rate environment and the concerns for growth forecasts. Nearly one out of every three banking establishments in the world is likely to go out of business in the coming months. This is the conclusion without...
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Lebanon Protests – Civil Disorder Exploding Everywhere in the World Against the Monetary Authority (7bitcoins.com) 10/21/2019 - 10:21am
After the protests in France and Hong Kong, the virus of civil disobedience against authoritarian monetary politics is spreading in Lebanon. Thousands of people have flood the streets of Beirut after an announcement from the government to add more taxes. Wow. This is what a real Revolution looks like. Incredible footage from #Beirut, #Lebanon...
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What Are Crypto Analysts Saying About Bitcoin? – Plus Ethereum, Ripple and Cardano (7bitcoins.com) 10/21/2019 - 6:45am
Here it is a summary of the crypto Twitter outlook about BTC, ETH, XRP and ADA and the possible price movements in the top market cap cryptocurrencies. Bitcoin DonAlt, a crypto trader and one of the best crypto analysts seems to be cautious in the short term movements. He says that unless bitcoin closes above [...] The post What Are Crypto...
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A Trading Revolution by 50x.com: Incredible Technology is Changing the Way We Think About Trading. (7bitcoins.com) 10/21/2019 - 4:27am
The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading. Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading...
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Fidelity Has Fully Launched Its Cryptocurrency Custody Service (7bitcoins.com) 10/20/2019 - 3:15pm
Fidelity Investments Inc.,the American multinational financial services corporation based in Boston has compltly launched its cryptocurrency custody service. The investments firm CEO, Abigail Johnson, reported the company advancements in an interview for Financial Times on 18 October saying that the company is ready to launch fully their custody...
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HTC Launches Exodus 1S, a  Smartphone Able to Run a Full Node (7bitcoins.com) 10/20/2019 - 12:36pm
Only months after launching HTC Exodus the first crypto-friendly smartphone, the Taiwanese company announced yesterday the launch of a cheaper version which comes with a new feature. It is Exodus 1S it has a built-in cryptocurrency wallet and it is capable to run a full node. Running a full node does not mean that the [...] The post HTC Launches...
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XRP Is 25% Up In October – While Bitcoin Remains Flat, Ripple Aims To Go Higher (7bitcoins.com) 10/20/2019 - 10:02am
Ripple XRP, the third cryptocurrency by market capitalization and one of the oldest coins and bitcoins rivals has seen many ups and downs during its history. During his journey, it has gained a lot of supporters and also critics. After hitting $3.34 in January 2018, Ripple continued the downfall until September 2019 hitting a price [...] The post...
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At Which Point Bitcoin Critics Will Admit They Were Wrong (7bitcoins.com) 10/19/2019 - 12:23pm
At Which Point Bitcoin Critics Will Admit They Were Wrong Immagine a person knowing about bitcoin at $17.5, being bearish at the time and still remaining bearish. It is hard to believe that we are speaking about a real person, not an imaginary person. He is Peter Schiff, the CEO of Euro Pacific Capital. Peter [...] The post At Which Point Bitcoin...
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Low Volume Usually Precedes Violent Moves in Bitcoin (7bitcoins.com) 10/19/2019 - 8:12am
The main source of profit for crypto exchanges is the fee they charge to clients who exchange on their platforms. At the point when exchange volumes are low, crypto exchanges struggle to make profits and currently volumes are very low. BitcoinUSD Weekly Chart – Volume pic.twitter.com/Zpb3f5W9li — Bitcoin, Gold, Silver & Geopolitics (@...
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What Usually Happens With Bitcoin After a 40% correction? (7bitcoins.com) 10/19/2019 - 6:14am
What Usually Happens With Bitcoin After a 40% correction Another week has passed in crypto with bitcoin prices sitting at the support levels. The irrationality in crypto markets is amazing. Suddenly everybody turned bearish after the sharp drop in September days before CME futures expired. Also, tools that measure the sentiment on Twitter like the...
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What should you know before buying your car with Bitcoin? (7bitcoins.com) 10/17/2019 - 7:51am
All the hype around Bitcoin doesn’t come as a surprise to us. The digital landscape is expanding exponentially. Amidst this growth, the appearance of digital currencies is pretty much acceptable. Right now, Bitcoin is the most popular currency in the world. Yet, it remains a mystery for many. Some of you might have been ignoring [...] The post...
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Brave Browser Hits 8 Million Monthly Users And Starts Buybacks to Reward Users (7bitcoins.com) 10/17/2019 - 6:19am
Brave, the privacy focused browser has reached 8 million monthly users and has released impressive stats about their advertising business model which seems to gain traction. The browser company announced in a blog post that the click-through rate on their ads is 14% which is 7 times bigger than the average click-through rate in the [...] The post...
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Brave Browsers Hits 8 Million Monthly Users And Starts Buybacks to Reward Users (7bitcoins.com) 10/17/2019 - 6:19am
Brave, the privacy focused browser has reached 8 million monthly users and has released impressive stats about their advertising business model which seems to gain traction. The browser company announced in a blog post that the click-through rate on their ads is 14% which is 7 times bigger than the average click-through rate in the [...] The post...
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Dutch Central Bank: If The Monetary System Collapses, Gold Can Serve To Rstore It (7bitcoins.com) 10/14/2019 - 8:47pm
Our monetary system which is based on trust is losing this trust more and more every day and many think that a system reset is inevitable. Many think that when trust is lost the only way to regain it is to turn the gold standard. It is stunning how even big players of the monetary [...] The post Dutch Central Bank: If The Monetary System Collapses...
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Bitcoin Price can not go Under the Production Cost (7bitcoins.com) 10/11/2019 - 7:00am
Bitcoin price made a substantial rally in 2019 hitting $14,000 in June and then entered in a correction phase going under $8,000. Crypto markets being a young asset class ara characterized by a strong volatility which in most cases might be simple market manipulation. However, saying that even manipulators can not bring the price under [...] The...
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Class-Action Lawsuit  Against Tether and Bitfinex For Market Manipulation (7bitcoins.com) 10/07/2019 - 1:39pm
Class-Action Lawsuit Against Tether and Bitfinex For Market Manipulation A New York-based law firm represented by Vel Freedman and Kyle Roche, the layers that sued Craig Wright has filed a class-action lawsuit against Finex Inc. the mother company behind Bitfinex exchange and Tether. The two layers claim is that Tether and their affiliated crypto...
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Bakkt “physical” Bitcoins vs CME “paper” Bitcoins (7bitcoins.com) 10/07/2019 - 8:53am
The overhyped Bakkt of “physical bitcoins” has resulted in a total disappointment. The first week started very slow, with only a few bitcoins traded daily. The actual trading volume is 100 BTC on Bakkt compared to 10,000 BTC on CME. It is clear that paper bitcoins are moving the BTC price. Institutions and banks have an [...] The post Bakkt “...
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