Bitcoin Moves Lower as Short Positions Continue to Stack Up

Bitcoin’s current instability is shaking investors’ confidence in a potential relief rally, as the short positions against Bitcoin are climbing as long positions continue to drop. Bitcoin moved slightly lower on Tuesday morning, leading the majority of altcoins to also drop. Currently, the overall cryptocurrency market is sitting at just over $107 billion, and one […]

Bitcoin News Summary – December 10, 2018

The post Bitcoin News Summary – December 10, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin hit a new yearly low just below $3,300. Altcoins fared even worse, with Ethereum falling below $90 and Ripple below 30 cents. The total crypto market cap stands at […]

Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof.

A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and priorities” has resulted in a […]

India Receives $80 Billion in Remittance, Big Potential for Crypto?

The World Bank in its latest report revealed that India has received the largest amount in remittance in 2o18 with $80 billion being sent from abroad. At the same time, users paid $4 billion in cuts to payment services. Middlemen-Friendly Models Remittance in its current format has one-too-many checkpoints. If a person wants to send […]

KFC Venezuela Accepts Dash Cryptocurrency, Joining Subway and Papa John’s

KFC in Venezuela is accepting payments using the cryptocurrency Dash starting this week, joining a growing list of fast-food chains that accept crypto in Venezuela, including Subway and the Papa John’s pizza chain. KFC will initially roll out the program at its store in the Venezuelan capital of Caracas before expanding to 24 other locations across […]

Cherry on Top: Bitcoin ABC, Bitmain, Ver Target of Suit Following BCH Split

As if the drama surrounding the recent Bitcoin Cash split needed a sequel, the vaudevillian sideshow has reached a new stage: the legal arena. A suit spearheaded by United American Corporation (UnitedCorp), a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu; Bitcoin.com and its […]

Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

Either it will be the best thing the crypto world will ever experience or a farce in the name of the best thing the world will ever experience. That’s pretty much the discussion around virtual reality (VR), a technology which allows humans beings to experience an immersive illusion of being somewhere else. Many Hollywood blockbusters, […]