GMTAuthor: Adam Button

4

Basis returns money to investors

Inventors into Basis included some of the biggest names in finance with raising $133 million:

  •  Andreessen Horowitz
  • Bain Capital
  • Stanley Druckenmiller
  • Former Fed governor Kevin Warsh

The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.

"Unfortunately, having to apply US securities regulation to the system had a serious negative impact on our ability to launch Basis," a blog post by Nader Al-Naji, chief executive of Intangible Labs, said on Thursday.

The company was trying to respect regulation and just couldn't do it. That's a worrisome signal for the 60-or-so other stablecoins in development. It's also a problem for Tether and the never-ending rumors of its demise.

What's refreshing is that they realized there was always a regulatory risk and planned to return money to investors if it didn't work out.

"The binary nature of our bet is precisely why we included a return of capital clause in our token sale to begin with, even though it was something we hoped we'd never have to rely on. So, while we're disappointed we couldn't launch the system we were all hoping to build, we're thankful that we can at least do right by our investors given these circumstances," the post says.

I wish that was the case in hundreds of ICOs in the past year.

Finance Magnates has more.    

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Thu 13 Dec 2018 20:20:09 GMT

3

Still no love in Bitcoin land

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Still no love in Bitcoin land


//az705044.vo.msecnd.net/20181213/2018-12-13_13-05-17.jpg Greg Michalowski
Thu 13 Dec 2018 20:20:09 GMT
Category: Cryptocurrency
3


Rally yesterday stalls.  Moves back below 100 hour MA and stays below There is still no love in Bitcoin land. The digital currency tried to rally yesterday with the price getting above its 100 hour MA (blue line), but the price rise stalled ahead of it's 200 hour MA (green line - has not closed above since October 3) and moved back below the 100 hour MA.  The correction in the NY session high stalled against the MA line.  That has led to more selling.

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May warns Merkel and Macron that Brexit deal is dead unless they compromise
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Wed 12 Dec 2018 19:20:39 GMT

9

Bitcoin buyers are trying. But can they give the digital currency another shove?

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Bitcoin buyers are trying. But can they give the digital currency another shove?


//az705044.vo.msecnd.net/20181212/2018-12-12_12-18-46.jpg Greg Michalowski
Wed 12 Dec 2018 19:20:39 GMT
Category: Cryptocurrency
9
Momentum slowed Is there a chance for a Bitcoin Christmas rally? Well, if you read my comments on the digital currency, you know that I firmly believe that if the price action and technical tools don't show signs of a bullish bias, it ain't bullish.

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Tue 11 Dec 2018 16:13:49 GMT

7

The Blockchain Terminal wasn't a crypto answer to the Bloomberg Terminal, it was a massive scam

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The Blockchain Terminal wasn't a crypto answer to the Bloomberg Terminal, it was a massive scam


https://www.youtube.com/embed/qwVXYnru_F8 Adam Button
Tue 11 Dec 2018 16:13:49 GMT
Author: Adam Button
Category: Cryptocurrency
7
Another blackeye The tragedy of cryptocurrencies and the blockchain is that some really good people are or were working on it. There are some great ideas and applications.

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Fri 7 Dec 2018 15:33:01 GMT

Bitcoin takes another run to the downside. New 2018 lows.

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Bitcoin takes another run to the downside. New 2018 lows.


//az705044.vo.msecnd.net/20181207/2018-12-07_8-23-54.jpg Greg Michalowski
Fri 7 Dec 2018 15:33:01 GMT
Category: Cryptocurrency
0
Trades at lowest level since September 15, 2017 The price of Bitcoin on Coinbase took another run lower today.  The price of the digital currency is trading down about $200 and $3398.  The low price reached $3290.99.  We high today extended to $3624.26.  The price fell below the November low at $3456. That is now close risk for shorts. Stay below keeps the sellers in firm control. 

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Thu 6 Dec 2018 23:58:08 GMT

4

Bye-bye Bitcoin (again) … hits a 15 month low

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Bye-bye Bitcoin (again) … hits a 15 month low


https://az705044.vo.msecnd.net/20181206/btc-price-chart-15-month-low.png Eamonn Sheridan
Thu 6 Dec 2018 23:58:08 GMT
Category: Cryptocurrency
4
Kool Aid coin or whatever the **** they are calling now (OK, Bitcoin) plumbs another low 

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Thu 6 Dec 2018 16:58:54 GMT

2

Bitcoin is looks to test the 2018 lows. Technical story is bearish.

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Bitcoin is looks to test the 2018 lows. Technical story is bearish.


//az705044.vo.msecnd.net/20181206/2018-12-06_9-48-40.jpg Greg Michalowski
Thu 6 Dec 2018 16:58:54 GMT
Category: Cryptocurrency
2
The swing lows from November at $3508 and $3456 eyed The price of bitcoin on the Coinbase exchange is down about -$140 on the day at $3581. That is getting close to the lows from November at $3508 and $3456.

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Wed 5 Dec 2018 18:06:29 GMT

5

If you like Bitcoin, there is a trend line to lean against

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If you like Bitcoin, there is a trend line to lean against


//az705044.vo.msecnd.net/20181205/2018-12-05_10-55-28.jpg Greg Michalowski
Wed 5 Dec 2018 18:06:29 GMT
Category: Cryptocurrency
5
..but be careful The price of Bitcoin on Coinbase is lower by about $187 at $3710. The move lower got going again, when yesterday, the price on the hourly chart tested the converged 100 and 200 hour MAs (blue and green line).   The price did try to go above those MA line, but the attempt was quickly rejected.

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Fri 30 Nov 2018 20:28:04 GMT

Bitcoin ends week on a bearish note

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Bitcoin ends week on a bearish note


//az705044.vo.msecnd.net/20181130/2018-11-30_13-26-10.jpg Greg Michalowski
Fri 30 Nov 2018 20:28:04 GMT
Category: Cryptocurrency
0
Well weeks never end with Bitcoin but price is lower today The price of Bitcoin on Coinbase is ending the week on a weak note.  The price on Wednesday and Thursday reached above the 100 (blue line) and 200 hour MA (green line in the chart below). Staying above would be more bullish.  However, the price could not stay above those lines today. 

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Wed 28 Nov 2018 20:39:32 GMT

4

The US government might know what's in your Bitcoin wallet

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The US government might know what's in your Bitcoin wallet


//az705044.vo.msecnd.net/20181128/trump-big-brother.png Adam Button
Wed 28 Nov 2018 20:39:32 GMT
Author: Adam Button
Category: Cryptocurrency
4
US government publishes Bitcoin wallet of sanctions-hit Iranians The US government's Office of Foreign Assets Control today hit two Iranians with sanctions but what's notable is that they also published their Bitcoin addresses.

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Wed 28 Nov 2018 16:31:19 GMT

3

Bitcoin found buyers. Move above 100 hour MA and 200 hour MA good for bulls

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Bitcoin found buyers. Move above 100 hour MA and 200 hour MA good for bulls


//az705044.vo.msecnd.net/20181128/2018-11-28_9-20-41.jpg Greg Michalowski
Wed 28 Nov 2018 16:31:19 GMT
Category: Cryptocurrency
3
A couple steps in the bullish direction The price of bitcoin on the Coinbase exchange has seen a run higher in trading today.  a move above the 100 hour MA and then the 200 hour MA would be needed to shift the bias back to the upside.  That has happened in trading today. 

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Mon 26 Nov 2018 18:35:26 GMT

1

Bitcoin traders respect the 100 hour MA on corrections. Bias barometer remains bearish

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Bitcoin traders respect the 100 hour MA on corrections. Bias barometer remains bearish


//az705044.vo.msecnd.net/20181126/2018-11-26_11-12-33aaa.jpg Greg Michalowski
Mon 26 Nov 2018 18:35:26 GMT
Category: Cryptocurrency
1
It helps to have a bias barometer and the 100 hour MA is helping to define the bias for bitcoin In a trading intstrument like Bitcoin, it is especially helpful for traders to have a bias barometer. A bias barometer is a technical level that "the market" respects.  

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Mon 26 Nov 2018 00:00:53 GMT

6

Bitcoin's wild rollercoaster weekend continues

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Bitcoin's wild rollercoaster weekend continues


https://az705044.vo.msecnd.net/20181125/btcusd-chart-26-november-2018.png Eamonn Sheridan
Mon 26 Nov 2018 00:00:53 GMT
Category: Cryptocurrency
6
Bitcoin continued its declines over the weekend, to under 3500USD Its bounced in Monday morning Asia trade, another big swing What's the estimated cost of mining one of the coins? Is that of any use as sort of valuation (barring an overshoot, of course)

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Thu 22 Nov 2018 11:52:03 GMT

Get Ready for Cryptocurrency Market Volatility

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Get Ready for Cryptocurrency Market Volatility


//az705044.vo.msecnd.net/20181122/22-11-2018-7-19-07-pm.png SimpleFX
Thu 22 Nov 2018 11:52:03 GMT
Author: SimpleFX
Category: Cryptocurrency
0
Volatility is back in the crypto market Bitcoin and other cryptocurrencies plummeted once again on Monday. Bitcoin has dropped through the $6000 level, fell to a one year low, and almost touched the $4500 barrier. What is a worry for bitcoin and altcoin holders, is a that can take short positions.

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Wed 21 Nov 2018 23:38:30 GMT

11

Here is someone else calling Bitcoin back to $20K (quick video)

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Here is someone else calling Bitcoin back to $20K (quick video)


Eamonn Sheridan
Wed 21 Nov 2018 23:38:30 GMT
Category: Cryptocurrency
11
I haven't watched this video, but apparently this chap thinks BTC is going back to 20,000 during 2019 Interview is Bloomberg with Sonny Singh, Bitpay Inc.'s chief commercial officer

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Tue 20 Nov 2018 19:15:39 GMT

1

Bitcoin down another 4% in trading today

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Bitcoin down another 4% in trading today


//az705044.vo.msecnd.net/20181120/2018-11-20_12-05-53.jpg Greg Michalowski
Tue 20 Nov 2018 19:15:39 GMT
Category: Cryptocurrency
1
Actually -4.6% on Coinbase The price of bitcoin is down another $225 on the day at $4558.04 currently. That represents a 4.6% decline on the day.  The good news is the price is off the low at $4218.27.  So there is a little ray of hope in has been a rough 14 trading days.

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Tue 20 Nov 2018 08:32:26 GMT

15

Bitcoin plunge continues, down by 30% in the past week

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Bitcoin plunge continues, down by 30% in the past week


//az705044.vo.msecnd.net/20181120/20-11-2018-4-27-03-pm.png Justin Low
Tue 20 Nov 2018 08:32:26 GMT
Author: Justin Low
Category: Cryptocurrency
15
Bitcoin falls below $4,500 for the first time since October 2017 ForexLive Price looks to be holding a break below the downwards trendline support near $4,600 now. From a technical perspective, the September 2017 low @ $2,975 looks to be next key support target for Bitcoin. That's a painful one to swallow if you're a HODLer.

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Tue 20 Nov 2018 05:56:15 GMT

Bitcoin's breakdown continues as cryptos extend fall

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Bitcoin's breakdown continues as cryptos extend fall


//az705044.vo.msecnd.net/20181120/20-11-2018-1-57-33-pm.png Justin Low
Tue 20 Nov 2018 05:56:15 GMT
Author: Justin Low
Category: Cryptocurrency
0
Where does the bleeding stop? ForexLive Technicals and psychology are the two main things when it comes to trading cryptocurrencies. And currently, both are flashing warning signs of a potential major downfall in Bitcoin. The $5,000 level acts as a major psychological support and with it giving way rather easily, the risk to the downside looks set to intensify.

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Mon 19 Nov 2018 20:47:05 GMT

2

Bitcoin moves back lower after a corrective move higher stalls fairly quickly

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Bitcoin moves back lower after a corrective move higher stalls fairly quickly


//az705044.vo.msecnd.net/20181119/2018-11-19_13-40-03.jpg Greg Michalowski
Mon 19 Nov 2018 20:47:05 GMT
Category: Cryptocurrency
2
Price trading above and below $5000 over the last few hours The price of Bitcoin on the Coinbase exchange reached a low of $4863 on the last hourly bar. The current price is at around $4957.  

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Mon 19 Nov 2018 16:37:24 GMT

6

Bitcoin falls below $5000 for the first time since October 2017

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Bitcoin falls below $5000 for the first time since October 2017


//az705044.vo.msecnd.net/20181119/2018-11-19_9-37-49.jpg Greg Michalowski
Mon 19 Nov 2018 16:37:24 GMT
Category: Cryptocurrency
6
Scoots to $4950 low...Bounces The price of bitcoin move below the $5000 level for the 1st time since October 2017. The low on Coinbase reached $4950 and bounced.  The price has moved back to $5015. That is still down $527 on the day.

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Mon 19 Nov 2018 14:25:50 GMT

42

Bitcoin skids towards $5000. Does it stop here?

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Bitcoin skids towards $5000. Does it stop here?


//az705044.vo.msecnd.net/20181119/bitcoin-daily.png Adam Button
Mon 19 Nov 2018 14:25:50 GMT
Author: Adam Button
Category: Cryptocurrency
42
The breakdown continues In a market where there are no fundamentals, technicals are king. There are no cash flows, dividends or revenues to put a floor under Bitcoin or nearly any other crypto. The main driver of what it's worth is how much people like it. And how much people like it is often dependent on the price.

Asset 24 View More
Wed 14 Nov 2018 20:42:41 GMT

3

ICYMI - Crypto slaughter today, Bitcoin off 700USD

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ICYMI - Crypto slaughter today, Bitcoin off 700USD


https://az705044.vo.msecnd.net/20181114/bitcoin-15-november-2018-1.png Eamonn Sheridan
Wed 14 Nov 2018 20:42:41 GMT
Category: Cryptocurrency
3
Anyone remember the chap yesterday saying bitcoin had become less volatile than the USD? Gotta say I thought at the time it won't be long before that comment comes back to bite him on the ass. Didn't have to wait long.

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Mon 12 Nov 2018 19:04:49 GMT

4

Bitcoin sits on 100EMA. To buy or not to buy?

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Bitcoin sits on 100EMA. To buy or not to buy?


//az705044.vo.msecnd.net/20181112/screen-shot-2018-11-12-at-18.56.31.png Giles Coghlan
Mon 12 Nov 2018 19:04:49 GMT
Category: Cryptocurrency
4
Bitcoin, to buy or not to buy That is indeed the question. The reality is that Bitcoin buying has been fuelled largely by hype. The technology behind it, the Blockchain technology, may be excellent. However, the strong buying of BITCOIN is not happening. I flip flop about what I think about Bitcoin, but the lack of institutional investment rings alarm bells to my mind. It may be the next best thing, or it may be just a big dud that was overhyped and fuelled by retail investors. Some people are in a lot of hurt now with BTCUSD trading around 6320 retreating from a peak of just under 20000 at the end of last year.

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Tue 6 Nov 2018 22:43:33 GMT

5

Dubai launches the first official cryptocurrency exchange in the UAE

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Dubai launches the first official cryptocurrency exchange in the UAE


https://az705044.vo.msecnd.net/20181106/btc-chart-dubai-crypto.png Eamonn Sheridan
Tue 6 Nov 2018 22:43:33 GMT
Category: Cryptocurrency
5
Bitcoin people take note, Crypto Bulls Exchange has been registered as a crypto exchange in the United Arab Emirates - Local gulf press reports its the first of its kind in the UAE Governments in the UAE earlier launched the UAE Block chain Strategy 2021, looking to have around half of government transactions transacted using block chain technology by 2021. 

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Mon 5 Nov 2018 21:43:09 GMT

8

Here is one for the contrarians, anyone want to buy bitcoin?

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Here is one for the contrarians, anyone want to buy bitcoin?


https://az705044.vo.msecnd.net/20181105/bitcoin-weekly.png Eamonn Sheridan
Mon 5 Nov 2018 21:43:09 GMT
Category: Cryptocurrency
8
Just scanning through some of the overnight items and came across this. Warning, fun follows. The findings of a Legg Mason survey - of 1000 investors - between July and August (and we get results now??? And I thought my Excel ran slowly) Anyway:

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