Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains

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Crypto markets experience more growth as BTC hovers near $9,000, having broken the psychological price point already once today

Bitcoin (BTC) is on the cusp of $9,000, and Ethereum (ETH) is over $630, as the crypto markets continue to climb upwards today, April 22, according to data from Coin360.


BTC is currently trading at around $8,977, having broken $9,000 earlier today, up almost 2 percent over a 24 hour period to press time. According to CoinMarketCap, BTC dominance is around 38.4 percent, down from a monthly high around 44 percent.

Bitcoin Charts

ETH is up over 5 percent over a 24 hour period, trading at around $637 at press time, a level it last hit on March 14.

Ethereum Charts

Of the top ten coins on CoinMarketCap – which are all in the green today – Bitcoin Cash (BCH) and IOTA are up the most, up 9 and 10 percent on the day, respectively. BCH is trading for around $1,240, and IOTA around $2.08 at press time.

The total market capitalization of all cryptocurrencies is nearing $400 bln, currently around $397 bln as of press time. The last time total market cap reached this price point was in early March.

Total Market Capitalization

This weekend has seen some potentially good news for crypto regulation. In India, a crypto company has filed a claim against the Reserve Bank of India (RBI) for their earlier decision to end dealings with crypto-related entities, claiming the ban is unconstitutional. RBI has until May 24 to respond to a notice, then reportedly issued by the High Court of Delhi.

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European Commission Urges Nations to Embrace Blockchain Tech but Address Risks

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Following remarks made by Valdis Dombrovskis, vice president of the European Commission EC, after a roundtable on cryptocurrencies, it appears that the European Union EU is prepared to take steps toward regulating cryptocurrencies.While acknowledging that European nations should embrace blockchain technology in order to remain competitive in financial markets, Dombrovskis also cautioned that they should be taking steps to protect their citizens from hazards in the cryptocurrency space.Based o

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Bitcoin Magazine’s Week in Review: Acquisitions and Inquisitions

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Week in Review

Coinbase continues to grow with its acquisition of this week, getting both a CTO and a company out of the deal. In the meantime, the New York Attorney General is working to bring greater transparency into how cryptocurrency exchanges operate with a letter and a three-page questionnaire going out to 13 exchanges, one of which is Coinbase.

The seemingly neverending struggle to find a new online ad model continues with a new proof of concept slated to be released next month from a triumvirate of companies with different interests in the question, IBM, Salon and AdLedger. Advertising however is the least of the problems faced by Telegram as Russian security forces try to crack down on the popular messaging app, even going so far as to block huge swathes of IP addresses.

Featured stories by Amy Castor and Nick Marinoff

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Coinbase Buys, Gaining Top Talent in the Process

Cryptocurrency exchange Coinbase is buying, a social network that allows users to earn digital currency by replying to emails and completing small tasks online. In the process, Coinbase has made co-founder and CEO Balaji Srinivasan its CTO.

Coinbase has been on a bit of a buying binge lately having just acquired Cipher Browser last week, making their fifth acquisition. While Coinbase hasn’t revealed how much they spent, it is telling that has raised more than $120 million in a series of funding rounds. In addition to the tech talent and technology acquired by Coinbase, Srinivasan said the plan is to “scale it up across Coinbase’s massive user base.”

New York Attorney General Launches Inquiry Into Cryptocurrency Exchanges

In the interest of bringing greater transparency into how cryptocurrency exchanges operate, New York Attorney General Eric Schneiderman has sent letters to 13 virtual currency exchanges requesting they disclose key information about their operations. The letter was part of a “Virtual Markets Integrity Initiative” launched by Schneiderman to shine a light on the policies and practices of platforms used by consumers to trade virtual currencies and initial coin offering (ICO) tokens.

In addition to the letter, the attorney general sent a three-page questionnaire to Coinbase, Gemini, Bitfinex, Poloniex and nine other exchanges asking them to disclose details such as the banks used, fees charged and how they are derived, how funds are held, who has access to their order books and the scope of third-party audits.

Salon Joins With AdLedger and IBM to Trial a Blockchain Approach to Ad Tech

The internet has made advertising models increasingly complicated, where advertisers and publishers once had a one-on-one relationship, today’s ads go through a series of intermediaries before they reach their target audience. The model allows for fraud that siphons money away from advertisers by spoofing them with fake impressions. Some estimates show that one third of paid-programming impressions are not viewed by actual people.

Joining a growing list of companies looking to address this problem, Salon is teaming up with IBM and nonprofit AdLedger to participate a proof-of-concept permissioned blockchain for programmatic ad buying. The project is expected to launch next month.

Telegram’s Pavel Durov Is Using Bitcoin to Bypass Russian Sanctions

Telegram CEO Pavel Durov is battling against Russian security forces, after they implemented a block on Monday, April 16, 2018, on the messaging app when it refused a court order to “grant state security services access to its users’ encrypted messages,” according to Reuters.

He is offering bitcoin grants to both companies and individuals alike that run proxy servers and virtual private networks (VPNs). He says he’s “happy to donate millions of dollars” from his personal stash to illustrate and assist in this cause, noting that both VPNs and proxy servers work against the hindrances set in place by Russian authorities.

This article originally appeared on Bitcoin Magazine.

Continue Reading Wallet Review – Is this HD Hybrid Wallet Safe to Use?

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The post Wallet Review – Is this HD Hybrid Wallet Safe to Use? appeared first on 99 Bitcoins. is an open-source Bitcoin (BTC) and Bitcoin Cash (BCH) web and mobile wallet and also a block explorer. Created by Bitmain in 2016, it allows users to store, send and receive Bitcoin and Bitcoin Cash on the web or on their Android or iOS devices. There is a clear emphasis on simplicity and security […]

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OpenBazaar Creator Also Has Crypto’s Funniest Youtube Channel

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There is not a lot of comedy to be found in the cryptocurrency space. At least not since Dogecoin somehow sponsored a freaking NASCAR driver and covered his car in Doge memes. But that was way back in 2014. Remember when magical internet money used to be fun? I think it is time we all […]

The post OpenBazaar Creator Also Has Crypto’s Funniest Youtube Channel appeared first on Coinjournal.

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