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#Bitcoin and Brew Apology; November Article Not Published. #Cryptopia’s Behavior Increasingly Suspicious

#Bitcoin and Brew Apology; November Article Not Published. #Cryptopia’s Behavior Increasingly Suspicious

Crypto Fact, Market Watch, News
Bitcoin and Brew would like to apologize to our readers.  The following story was written on 11/25, and was never published due to fear of unwanted social criticism.  We are monitoring the situation and are actively working to inform communities affected.     Cryptopia Exchange ( https://www.cryptopia.co.nz/) has grown increasingly suspicious in their behavior.  At the time of this article, there are approximately 100 coin wallets in maintenance mode.  This represents about 20% of all the wallets on Cryptopia.  Users are unable to withdraw, unable to create deposit address, and if coins are sent to prior used deposit address, they are not credited to the account. The markets for coins in maintenance remain mixed; some markets are still open for trading, while othe
Why South Korea Will Play a Major Role in Cryptocurrency Adoption

Why South Korea Will Play a Major Role in Cryptocurrency Adoption

Market Watch
As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existing data on exchange volumes, recent economic history, regulation, and trends, the tokenized fintech asset management company came to some interesting conclusions. Based on existing evidence, the country of 50 million inhabitants and one of the world’s top 15 economies is poised to play a major role in embracing cryptocurrencies. This is due to a combination of factors such as exchange infrastructure, a high level of tech adoption, and the country’s regulatory and tax framework. A Crypto-Friendly Population When listing the top crypto
Bitcoin Slips Below $3,500; Is $3,300 The Bottom Or Is $1,500 Still Possible?

Bitcoin Slips Below $3,500; Is $3,300 The Bottom Or Is $1,500 Still Possible?

Market Watch, News
The month of December started out better than November but it is now turning out to be every bit a cryptocurrencies holder’s worst nightmare as November. Today, major coins have taken a dramatic drop with most coins losing 10% to 20% of their value. Bitcoin, the crypto leader, has dropped by 11% at the time of writing this and is now trading below $3,500. Should we expect $3,000? Given the markets latest trend, there’s no reason why we shouldn’t expect bitcoin to hit $3,000. In the last three weeks, coins have seemed to bottom out but have surprisingly dropped even further. Bitcoin which seemed to have bottomed out at $3,500, in the last couple of hours crossed that line and now seems to have bottomed at $3,300. Altcoins have also taken a major beating with Ethereum dropping
‘Worthless’ Bitcoin Has Entered Death Spiral: Finance Professor

‘Worthless’ Bitcoin Has Entered Death Spiral: Finance Professor

Market Watch
Earlier this year, with the bitcoin price trading around $7,000, Santa Clara University Professor of Finance Atulya Sarin published an opinion piece arguing that the rising cost of crypto mining, coupled with the ability for bearish investors to short bitcoin in the futures markets, could spell doom for the flagship cryptocurrency. Now, following a further ~45 percent decline, Sarin is calling it: bitcoin has entered a “death spiral,” and it’s “close to becoming worthless.” Writing in an op-ed published in MarketWatch, Sarin alleged that the bitcoin has embarked on a “swift and painful drop to zero” now that its price has dropped below the estimated cost of mining, which has begun to drive miners out of the market. As the cost of mining decreases, he alleges, so will the bitcoin pri
Zcash [ZEC] Best Performer Over 7 Days, Boosted by Coinbase Listing Announcement

Zcash [ZEC] Best Performer Over 7 Days, Boosted by Coinbase Listing Announcement

Market Watch
The cryptocurrency market has returned to bearish movements today as Bitcoin returns back below $4000. The best performer in the top twenty cryptocurrencies excluding Tether has been Zcash. Zcash is also the best performer over the past seven days after three consecutive days of large appreciation this week. During the recent bearish market conditions, Zcash underwent a prolonged decline which brought the price to a 2018 low around $62. This weeks increase saw the price move from $67 to a weekly high around $97 with sellers likely to be anticipating resistance at $100. Price has since retraced and currently trades around $80. The momentum is likely still with the buyers for Zcash. The MACD continues to increase, a sign of buyer momentum. The MACD has also crossed its centerline t...
Bitcoin falls further below $4 000; crypto continues plunge

Bitcoin falls further below $4 000; crypto continues plunge

Market Watch
The great crypto crash of 2018 plunged deeper over the weekend. Bitcoin slid another 4.5% to $3,635 at midnight Sunday in New York, according to Bitstamp. It recouped most of the losses by 07:50 but remains in the red. It’s lost 33% in the past week and 75% this year. Cryptocurrencies just had their worst week ever, and Bitcoin is 82% below its high of $19 666 almost a year ago. Ripple declined 5.3% to 35 cents, and is about 90% below its peak. After an epic rally last year that exceeded many of history’s most notorious bubbles, digital currencies have become mired in an almost $700bn rout that shows few signs of abating. Many of the concerns that sparked the 2018 retreat - including increased regulatory scrutiny, community infighting and exchange snafus - have only intensifie
Bitcoin loose third of its value in its week as regulation hits

Bitcoin loose third of its value in its week as regulation hits

Market Watch
Bitcoin has lost nearly a third of its value in just a week as cryptocurrencies come under renewed regulatory pressure. Bitcoin was trading 7.5% down on the day on Tuesday – its lowest level for more than a year according to the Bitstamp exchange – hours after US tech stocks endured fresh losses on Wall Street. It left Bitcoin valued just above $4,300 (£3,342). Only 11 months ago, a bull run for the digital currency stopped just shy of a record $20,000 but it has remained largely on a downward spiral since. Other cryptocurrencies were also feeling the pain with Ethereum’s Ether losing 10% and Ripple’s XRP down 13% on the day. Naeem Aslam of Think Markets said: “Fundamentally speaking, the current sell-off is once again triggered due to the regulatory pressure. Despite
Traders Expecting Major BCH Action When Exchanges Open

Traders Expecting Major BCH Action When Exchanges Open

Market Watch
It’s been a pretty hectic week for cryptocurrency enthusiasts as the infamous Bitcoin Cash hash war has unfolded. Overall, the cryptocurrency economy has lost billions since our last markets update, with the entire market worth roughly $188 billion on Sunday, Nov. 18. Riding Out the Lows Most digital asset markets are seeing their lowest values in a year, leaving traders curious to see what happens next. The last week was filled with all kinds of craziness due to the Bitcoin Cash (BCH) split that took place on Nov. 15. Many digital asset enthusiasts believe the BCH fork possibly moved all the markets due to the economic activities used to fight the battle. Right now bitcoin core (BTC) is trading for $5,593 per BTC and has an overall market valuation of $97 billion. One thing many peo
Binance Lists Both Bitcoin Cash Forks But Won’t Change the Symbols

Binance Lists Both Bitcoin Cash Forks But Won’t Change the Symbols

Market Watch
Thursday’s Bitcoin Cash (BCH) hard fork has left the crypto community on the edge of their seat, waiting for a clear-cut winner between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain to emerge. While the early frontrunner looks to be BCHABC, Wright continues to assert that the ‘Hash War’ is not a sprint but instead a drawn-out affair. That being said, many top cryptocurrency exchanges have come out in support of both new chains, with perhaps the most notable being Binance, the world’s most popular cryptocurrency exchange. Despite their decision to list both of the new BCHs, Binance CEO Changpeng “CZ” Zhao has made it abundantly clear that he is not a fan of projects forking. CZ’s disdain for forks, and all of the hoopla associated with the splitting of a cryptocurrency
War of Crypto Introduces the First Blockchain Character Playable in Minecraft

War of Crypto Introduces the First Blockchain Character Playable in Minecraft

Market Watch
War of Crypto, an upcoming PvP multiplayer game built on Enjin (ENJ) that features unique, evolvable, tradeable Heroes, revealed the first Enjin multiverse item capable of being played across multiple games: Goard. In its announcement, the team revealed Goard as a tank unit native to War of Crypto, but capable of being truly owned by gamers and being played across multiple games via the Enjin multiverse system, highlighting the utility of blockchain technology in gaming. As the War of Crypto game itself is not yet live on the Enjin blockchain, the developers highlighted the capability of token-based game assets by crossing Goard over to be playable in a Minecraft universe, PokéFind. While Goard originates from War of Crypto, Goard owners will be able to use his multiverse powers