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Mar 12, 2018

ADVFN Weekly Cryptocurrency News

ADVFN Cryptocurrency News


Cryptocurrency Weekly News Monday 12 March 2018

Fidelium

 

I haven’t been able to write my cryptocurrency email for a month because I was off work due to health problems. But I am back now, so let’s look at what happened to the Bitcoin price in the last month.

From a low of $8,030 in mid-February, the price rose then fell then rose again… you get the idea, it was the usual rollercoaster. Early last week it hit a high for the period of $11,684 before dropping down to $8,342. Yesterday it shot up again, rising 14% in the space of 24 hours. This afternoon it has fallen again, and at the time of writing the price is at $9,272.

Here is the chart showing the price movements in the last month:

 

 

Bitcoin chart

 

 

ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins

 

 

Morpheus Network

 



Other Cryptocurrency News

For those still confused by what the blockchain is all about, and why it’s important, The Guardian newspaper has a good explanation

 

John Oliver, from the HBO topical satire show John Oliver Tonight, dedicated last night’s episode to talking about cryptocurrencies, and provided another good primer for the baffled. Read about it, and watch clips, here

 

Bill Gates isn’t so sure about the long-term future for cryptocurrencies, calling them ‘super-risky’ and casting doubt on whether governments will allow transactions to remain anonymous. Read what he said in this article on CNBC

 

A Canadian cryptocurrency exchange wants to set up a blacklist of wallet addresses that have been associated with fentanyl arrests and indictments. Einstein, based in Vancouver, suggests coordinating with other startups to help fight the fentanyl epidemic. More info on coindesk.com

 

A BBC Radio 4 investigation has found that a UK company has been linked to the laundering of 650,000 Bitcoins stolen from Tokyo-based exchange Mt Gox. The theft was discovered in April 2014 and it caused the exchange to close, leaving customers out of pocket. The London-based firm is called Always Efficient LLP but it’s not clear who owns it. Read the story on the BBC news website

 

Police in Iceland have confirmed that hundreds of mining servers have been stolen over the past two months. About 600 servers worth about £1.45million were taken from data centres in the country. Read the story on The Express

 

The US Marshals Service has announced that it will be auctioning off a stash of Bitcoins worth nearly $25 million in the next few weeks. The Bitcoins have been seized in connections with various criminal, civil and administrative cases. Get the details on ccn.com

 

Many of the cryptocurrency ICOs inviting you to invest in them are frauds, but not many are so obviously bogus as Miroskii, who used a bunch of stock photos for their imaginary team members – including a picture of Hollywood Actor Ryan Gosling! Unless Mr Gosling has a doppelganger called Kevin Belanger, this is a sure sign you should steer clear. Get the details on Bitcoinist.com

 

The town of Plattsburgh in upstate New York wants to ban cryptocurrency miners setting up. It boats some of the cheapest energy prices in the US because of its hydroelectric power, but it wants to reserve that cheap electricity for non-crypto development. Get the details on ccn.com

 

Twitter is taking steps to stop cryptocurrency fraudsters from using its platform. Let’s hope it has more success than it’s had in clamping down on abusive accounts! Read the story on cnet.com

 

Officials in South Korea have been prohibited by the government from holding or trading in cryptocurrency, to ensure there is no conflict of interest in regulating the local market. Even government officials who have nothing to do with finance are banned. Read the story on ccn.com

 

The Japanese Financial Services Agency is also cracking down on cryptocurrency, and has suspended two exchanges for a month. The reason is said to be poor security and compliance standards. Read the story on cryptoglobe.com

 

Russian authorities are planning new legislation to legalise cryptocurrency markets by the summer. Bills will be submitted to the chamber this month. More details on ccn.com

 

The Egyptian government (or entities linked to it) has hijacked the internet connections of its citizens to secretly mine cryptocurrencies “en masse”, according to security researchers from the University of Toronto. Read the story on Quartz

 

If you want to make a fortune in cryptocurrency, set up an exchange. A recent report shows that the top 10 crypto exchanges are raking in as much as $3 million in fees a day. Read the story on Bloomberg

 

A Wall Street strategist has set up a sentiment-based index signalling when it’s time to buy Bitcoin. The ‘Bitcoin Misery Index’ is a contrarian indicator, so when it’s low it’s a good time to buy the cryptocurrency. Get the details on cryptoglobe.com

 

 

The Crypto Trader

News, information, tips and opinions on all things to do with cryptocurrency.

Purchase a subscription with Bitcoin, LiteCoin, Ethereum or PlusOneCoin. Click here for more information

 

New Book on Cryptocurrencies out now
from Clem Chambers

The CEO of ADVFN, Clem Chambers, has a new book on cryptocurrencies out now in paperback and for the Kindle. Click here to buy the book from Amazon

 

Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin is an invaluable guide to making money in cryptocurrencies: how they work, how to invest in them, trading cryptocoins, mining, and the technical details behind them.

 

Trading Cryptocurrencies book

Click here to buy the book from Amazon

 

 

PlusOneCoin

PlusOneCoin now available to buy and sell on the Trade Satoshi Exchange, here

 

 

CME Bitcoin Futures

ADVFN (LSE:AFN) is now offering free CME Bitcoin Futures data to its four million registered users.

Anyone visiting the ADVFN site can obtain quotes, view charts and access real-time news for CME Bitcoin Futures here. Users can add these contracts to their portfolios and see bid, offer, highs, lows and current prices along with traded volumes. They can also view them on their monitor pages alongside their other investments.

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