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Author: Crypto Coins News

Ripple Price Headlines $45 Billion Market Rally as G20 Fears Subside

The Bitcoin and Ripple prices headlined a $45 billion cryptocurrency market rally that appeared to be predicated on optimism that this year’s G20 summit will not produce an international framework on cryptocurrency regulations. Bitcoin, Ripple Prices Leads $45 Billion Cryptocurrency Market Rally Monday brought a welcome respite for cryptocurrency investors, as the markets demonstrated a … Continued

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Telegram’s Cryptocurrency Could Be Worth $200 Billion, but is the ICO Overpriced?

Telegram’s much-anticipated cryptocurrency could achieve a $200 billion market cap in five years, but a respected analyst said that the firm’s initial coin offering (ICO) is still probably overvalued. Reports on Telegram’s goal for the ICO have varied wildly. Some have placed the figure as high as $2.6 billion, but all reports agree it will

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Breaking: Trump Bans US Citizens, Residents from Venezuela’s Crypto ‘Petro’

US president Donald Trump has issued an executive order banning US citizens from buying, trading or dealing in cryptocurrencies (the Petro) related to the Venezuelan government. In what is certain to be the first crypto-related executive action taken by a US president, the White House revealed Donald Trump’s executive order to unconditionally ban all activities

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Mastercard “Very Happy” to Support [State] Cryptocurrencies, Just Not Anonymous “Junk”

Payments giant Mastercard is fully behind supporting state-backed, central bank-issued cryptocurrencies, a senior executive has revealed. In an interview with the Financial Times, Mastercard Asia-Pacific co-president Ari Sarker has opined that the world’s second-biggest payments company would be “very happy to look at” supporting national digital currencies that are issued and backed by central banks.

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Fundstrat’s Lee Predicts $91,000 Bitcoin Price in Two Years

Fundstrat’s Tom Lee is making a bullish call on bitcoin in the next two years, suggesting that the latest 70% drop actually bodes well for the future BTC price. The head of research at the New York-based market research firm predicts that based on historical trading patterns, the bitcoin price could reach $91,000 by March … Continued

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Research Suggests Tether Has Banking Relationship with Puerto Rico-based Noble Bank

New research suggests that cryptocurrency startup Tether — creator of dollar-pegged stablecoin USDT — has a banking relationship with Puerto Rican financial institution Noble Bank. On Monday, BitMEX Research published a report examining newly-released data related to Puerto Rico’s financial system for the calendar year ended 2017. This data — which was published by Puerto … Continued

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Twitter to Ban Cryptocurrency-Related Ads, With Limited Exceptions: Report

Twitter may be the next platform to ban cryptocurrency-related ads, following the footsteps of Google and Facebook. According to Sky News, Twitter’s ad ban would go into effect in two weeks. The microblogging platform will reportedly block ads from initial coin offerings (ICOs), cryptocurrency wallets, and exchanges. Notably the ban will have limited exceptions, potentially

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Cryptos Don’t Pose Risks to Global Financial Stability: FSB’s Carney Tells G20

The Financial Stability Board (FSB), an international body that monitors the global financial system to promote stability and coordinates financial regulation for G20 nations has dismissed calls from some G20 members to regulate cryptocurrencies like bitcoin. In a letter [PPDF] sent to G20 finance ministers and central bank governors on the eve of this year’s

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Brazilian Exchange Foxbit to Process Withdrawals during Extended Downtime

As recently covered by CCN, Brazil’s largest cryptocurrency exchange Foxbit recently went down and lost a total of 30 bitcoins because of a bug that allowed users to withdraw their bitcoin balances twice. At the time, Foxbit claimed it would be back online by March 14, but now warned the platform will be offline until

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Overstock Subsidiary Invests in Caribbean Bitcoin Startup Bitt

Medici Ventures, the subsidiary of popular online retailer Overstock, has announced that it will be investing 3 million United States Dollars in the Barbados-based blockchain oriented company, Bitt. According to a press release, the move will grant the company an increase in ownership by 8.6 percent. Bitt is a company that first appeared in 2015 … Continued

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UK IT Equipment Maker Plans Britain’s Biggest Bitcoin Mining Farm

Bladetec, a supplier of high-powered IT equipment in the UK, is reportedly planning to build a £10 million ($13.9 million) bitcoin mining farm across three locations in England. According to major UK daily The Telegraph, Bladetec is looking to raise £10 million from investors to build and operate a 3-500 square foot bitcoin farming facility operating … Continued

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Bitcoin Spikes 7% to $8,460 Overnight as Cryptocurrency Market Rebounds

After dipping below $7,300 on most major cryptocurrency exchanges, the price of bitcoin has spiked 7 percent overnight, increasing from $7,240 to $8,467, triggered by a variety of factors. G20 Many analysts have attributed the recent increase in the price of bitcoin to the result of the 2018 G20 Buenos Aires summit, during which the … Continued

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