On December 3, 2017, Venezuelan president Nicolas Maduro announced plans to create a national cryptocurrency called the ‘Petro’ that will be backed by the country’s natural resources, most notably its substantial oil reserves. Currently, Venezuela is facing US government led sanctions that make moving money through international banks difficult — and Maduro believes a government-backed cryptocurrency will allow the Venezuelan government to regain control over its finances.
Security firm TrendMicro stated in a new report that Google’s DoubleClick ad services were used to distribute cryptocurrency mining malware.
Looking back at bitcoin’s parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current all-time high: Figure 1: BTC-USD, 1-Day Candles, Macro Trend Over the last couple days, bitcoin has attempted to break the overhead resistance surrounding the 38% retracement values and the 50 EMA on the daily candles.
World’s Largest Investment Company: ‘Interesting’ Bitcoin Is Under ‘Close Review’ Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News) Bitcoin price WARNING: ‘Be prepared to lose your ENTIRE stake’ in cryptocurrency market Express.co.uk Full coverage
The post Is Starbucks having an ICO? appeared first on CCN Starbucks Executive Chairman Howard Schultz raised a few eyebrows when he brought up cryptocurrency during a conference call discussing the company’s latest quarterly earnings.
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Bitcoin markets and cryptocurrencies values across the board are seeing healthy rebounds after the past three weeks of price dips. At the moment there is some substantial consolidation happening, and BTC bulls are still trying to breach the $12K zone.
The number of cryptocurrency exchanges participating in self-regulation has nearly doubled in South Korea. The crypto self-regulation efforts are led by the Korean Blockchain Association which has recently launched with 66 members.
Bitcoin (BTC) has continued to slowly recover from its brutal 56% drop from the all time high in December. The cryptocurrencies market cap now stands at US$195 billion, with over US$3.5 billion traded over the past 24 hours.
The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year.
The post Discover CEO Explains Why Credit Cardholders Can’t Buy Bitcoin appeared first on CCN On cryptocurrency exchanges and brokerages, traders are not permitted to use their Discover credit and debit cards to purchase or sell bitcoin or any other cryptocurrency in the market.