Rumour: Is Facebook About To Adopt Litecoin (LTC)?

Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. Here’s what he said: “So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence… or this reason, in the past days, I have sold and donated all…

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Here’s Why TRON (TRX) Looks Incredibly Cheap Right Now

Everyone is talking about TRON (TRX). At the start of December, this coin went for less than half a cent. By January 5, TRX was trading for $0.26 apiece and boasted a market capitalization in excess of $17 billion. The wider crypto space has corrected subsequent to these highs and TRX was far from insulated from the decline, now trading for just shy of seven cents a coin. Even subsequent to a more than 70% decline, however, TRX remains up…

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BitFlyer Granted EU Operational License, Now ‘Most Compliant’ Crypto Exchange

Tokyo-based crypto exchange bitFlyer was issued a Payment Institution license to operate in the European Union, the exchange reported Monday, Jan. 22. The license was granted to the exchange by the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF). BitFlyer, which entered the US market compliantly as of fall 2017, already operates in Japan under a license granted by the Financial Services Agency (FSA). Yuzo Kano, the founder and CEO of bitFlyer, said in the press release, “I am proud that we are now the most compliant…

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Now Is The Best Time To Invest In Bitcoin

Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager of the BKCM Digital Asset Fund, told CNBC on Tuesday. With uncertainty over the regulatory environment of digital currencies in South Korea and China, Kelly pointed out that cryptocurrency is in a “hand-off” period, moving from retail Asian…

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50 Cent was the first rapper to be paid in bitcoin

50 Cent was the first rapper to be paid in bitcoin and it really worked out for him. His 700 bitcoins are worth a lot now. In 2014, 50 Cent became the first rapper to accept bitcoin as payment for his work, according to TMZ. He was paid about 700 bitcoins for sales on Animal Ambition, which at the time were worth about $662 per bitcoin. Now, those very same bitcoins are worth between $10k and $12k, meaning 50 Cent…

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Kodak Is Launching Own Cryptocurrency

U.S. technology firm Kodak has announced that it will launch its own cryptocurrency, with plans to host an initial coin offering (ICO) at the end of January. In an official announcement, Kodak said the cryptocurrency would underpin “an encrypted, digital ledger of rights ownership for photographers.” Kodak is working with a company called WENN Digital on the initiative. The idea is that photographers could use Kodak’s forthcoming blockchain to register works, with “KODAKCoin” functioning as a medium of exchange on…

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The Man Traveling The World On $25 Million Of Bitcoin Profits

Last month, I found myself sitting next to a multimillionaire in the 56th-floor Horizon Club Lounge of the Island Shangri-La Hong Kong. He made no attempt to hide the fact that he was swimming in cash; I just wouldn’t have guessed he had made it all from Bitcoin. This is how he did it. Mr. Smith—who asked me to conceal his real name—has been traveling the world in ultra-luxurious style for the past four years. He only flies first class,…

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Man who ‘threw away’ $140m of Bitcoin

A MAN who has $140 million worth of Bitcoin stored on a computer he accidentally threw away is offering the council 10 per cent of his fortune if they allow him onto the site to hunt for it. James Howells, 32, from Wales, invested heavily in Bitcoin, dubbed “digital gold,” long before it was widely known, The Sun reports. But four years ago he threw out an old computer on whose hard drive were the ownership codes of his 7500…

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The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. Holders of large amounts of bitcoin are often known as whales. And they’re becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable…

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Wall Street banks push back on launch of bitcoin futures

The world’s largest banks are pushing back on the introduction of bitcoin futures, raising concerns with US regulators that the financial system is ill-prepared for the launch of the contracts as the value of the volatile cryptocurrency has soared. The price of bitcoin has risen to a new high of more than $15,000 on several exchanges. Institutional nvestors have been keen to trade the asset but only via a regulated market. However, the planned launch in the next 10 days…

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