Thursday, December 20, 2018

$4,000 Return / Bitcoin Cash ABC / Whales / Coincheck

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$BTC (1:18 p.m. EST): $4,118.89 (7.13%) // 90-day high: $7,382.19 // 90-day low: $3,286.14 / / More

$BCH ABC (1:18 p.m. EST): $185.88 (33.72%) // 90-day high: $703.41// 90-day low: $80.95 // More

$ETH (1:19 p.m. EST): $115.45 (9.48%) // 90-day high: $365.71 // 90-day low: $85.11 // More

$LTC (1:19 p.m. EST): $32.47 (5.98%) // 90-day high: $74.80 // 90-day low: $22.09 // More

$XRP (1:19 p.m. EST): $0.37 (0.28%) // 90-day high: $0.61 // 90-day low: $0.26 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. The price of bitcoin exceeded $4,000 on Thursday for the first time in two weeks. Bitcoin climbed almost 7 percent early Thursday to trade at $4,037, according to CoinDesk's index tracker. It has not been at this level since Dec. 4. Other coins jumped as well as part of what is being called the "Santa Rally." XRP and ethereum were the most notable coins to see sold price increases. –CNBC

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2. A little more than a month since the bitcoin cash hard fork and a leader has emerged. Bitcoin Cash ABC has proven itself with the three groups that matter most: Exchanges, miners, and users. Miners, in particular, have supplied about 1.5 times the hash rate to Bitcoin Cash ABC compared to Bitcoin Cash SV (Satoshi's Vision). Bitcoin Cash ABC saw a more than 30 percent price jump on Wednesday to move into the top five of largest coins by market cap. Bitcoin Cash SV also saw a nice jump (about 13 percent), but has otherwise struggled to stay in the top 10. –NEWS BTC

Bitcoin Cash ABC stepping away from SV
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3. Coinbase confirmed that it was behind the $5 billion in bitcoin movement that occurred early this month. The company said it moved the coins – making up about 5 percent of all bitcoin in circulation – to a next-generation cold storage solution. The migration, which Coinbase called the largest in cryptocurrency history, was done to increase security on Coinbase's holdings. –ETHEREUM WORLD NEWS

Confirmed: Coinbase behind massive bitcoin movement
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4. Coincheck, the Japan-based exchange that lost more than $500 million last January, is set to receive its license to restart operations. The Coincheck of today, though, is far different from the one that was hacked. The exchange was sold following the theft and made key changes at the urging of the Japanese government. Part of those changes included the delisting of privacy coins as part of a business strategy to protect customers. –CCN

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5. Iranians continue to profit from bitcoin mining despite the market's crash and economic sanctions from the United States. –COIN TELEGRAPH

6. A writer declares Square's decision to accept bitcoin as "brilliant." –YAHOO

7. Four words to sum up 2018 – ICOs and ethereum are dead. –CCN

8. The Next Web looks at how litecoin performed in 2018. –THE NEXT WEB

9. Atari (remember them?) has sold the rights to some of its famous titles to make blockchain versions of mobile games. –CRYPTO GLOBE

10. OKEx has launched a no-expiry bitcoin derivative product. –COINDESK

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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