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| December 16, 2017

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Oklahoma high school teacher, student allegedly file for license to wed

December 16, 2017 |

A high school teacher in Oklahoma was fired Thursday after she and her 16-year-old student allegedly applied for a marriage license, according to reports.
FOX News

High School Student Carries Marathoner Across Finish Line

December 12, 2017 |

In just 24 hours, her face and name have become world famous for what’s seen as a supreme act of sportsmanship. Dallas-area high school student Ariana Luterman was finishing the anchor leg of a girls’ relay in Sunday’s Dallas Marathon when she saw the legs of the women’s marathon leader,…
Newser

Stocks rise after strong jobs report; S&P 500 sets a new record high

December 9, 2017 |

Stocks rose Friday after a better-than-expected U.S. jobs report, and the strong finish pushed the Standard & Poor’s 500 index to its third straight weekly gain despite some weakness earlier in the week.

The gains were widespread, and telecom and healthcare stocks helped lead the way. Overseas…


L.A. Times – Business

High Priestess of Tokyo Shrine Killed With Samurai Sword

December 8, 2017 |

The former high priest of a famous Tokyo shrine killed his older sister, an accomplice, and finally himself with a samurai sword Thursday in what police believe was a feud over succession. Police say 58-year-old Nagako Tomioka, the high priestess of the Tomioka Hachimangu shrine, was killed by her brother,…
Newser

2 Students Killed in Shooting at New Mexico High School

December 7, 2017 |

A shooting at a New Mexico high school left two students dead Thursday morning, KRQE reports. Authorities say the shooter at Aztec High School in Aztec is also dead. According to the Farmington Daily Times , neither the victims nor the shooter have been identified. It’s unclear if the shooter was…
Newser

SAT, ACT test firms are selling out high school students to marketers

December 1, 2017 |

We need to do a much better job of not selling out our kids.

Specifically, I’m thinking about the big companies that oversee standardized testing of high school students — and then turn around and sell student info to others.

My teenage son received a letter the other day from the National Student…


L.A. Times – Business

This Week’s All-Time High Brings Massive Bitcoin Exchange Outages

November 30, 2017 |

This Weeks All-Time High Brings Massive Bitcoin Exchange Outages

November 29 was an exciting day if you were watching bitcoin prices swing back and forth with quite a bit of turbulence. The price of bitcoin touched an all-time high of $ 11,395 across global exchanges. Then, about an hour or so later, the price went down hard to a low of $ 9250 on some trading platforms. Although some exchanges had significant operational issues according to upset customers, the Down Detector, and the trading platform’s own website status pages.

See also: Circle Financial Plans to Launch a New Investment App Next Year

Multiple Cryptocurrency Exchanges Suffer From Website Outages and Service Issues

Cryptocurrency exchanges had some difficulties on November 29 as the price had wild and tumultuous price swings all day long. After the big spike and the start of the dip, customers started venting on forums and social media complaining about trading platforms and outages. The forum /r/bitcoin started a megathread dedicated to exchange outages. “Please discuss exchange outages here instead of everyone submitting screenshots of a broken website,” pleaded the subreddit moderator.

Many Bitfinex customers complain that their positions were liquidated on November 29. The Bittrex exchange says they had issues on Wednesday as well.

According to multiple reports, exchanges such as Coinbase, GDAX, Gemini, Bitstamp, Kraken, Bitfinex, and others had issues with their websites during the day. Traders complained of downtime during the dip, margin trading liquidations, and flash crashes. For instance, the trading platform Gemini has a whole page report on multiple issues of “degraded performance” during the day.

“We have received a few messages where customers see a ‘504 Gateway Time-out’ message,” explains the exchange status page.

We are implementing a mitigation fix due to an enormous influx of web traffic. We are monitoring and will let you all know once we are back up and running. Thank you for your ongoing patience.

This Weeks All-Time High Brings Massive Bitcoin Exchange Outages
These issues were posted to the Coinbase, GDAX, and Gemini status pages.

Coinbase and GDAX Experience Downtime

Another popular cryptocurrency platform that had issues during the day was Coinbase, and its sister company GDAX also had multiple problems with website operations.

“A portion of customers may be unable to access Coinbase — We are working to restore access to all users,” explained the company. Further, the company’s trading engine GDAX also suffered technical difficulties.

“We are currently investigating performance issues and downtime on the web app and REST API,” said the GDAX on November 29.

Kraken and Bitstamp Outages

Outages also took place on Kraken, as the website Down Detector reveals: the exchange had issues from 8 am to 9 pm EDT. There are multiple comments on the portal of Kraken customers upset with the downtime. Additionally, at the same time Down Detector had recorded some outages that happened over at Bitstamp. The European exchange had over 140 reports of outages between 11 am to 8 pm according to the Down Detector. Bitstamp outages were reported in the U.S., the Czech Republic, Germany, Holland, and many other areas across Europe. The trading platforms Poloniex and Bittrex also had customers who complained about website performance on Wednesday. 

This Weeks All-Time High Brings Massive Bitcoin Exchange Outages
The Down Detector website recorded lots of outages on November 29 at Kraken and Bitstamp as well.

Exchange Downtime and Margin Losses Show the Industry Has Significant Challenges

Throughout the day while exchanges had severe technical difficulties and outages, bitcoin’s price rapidly went from $ 11,395 and dropped 17 percent following the spike. After that bitcoin crossed the $ 10-10.5K range multiple times, and again fell to the $ 9600 territory. Even worse margin traders who utilize the exchange Bitfinex lost a lot of money according to many reports. When visiting the Reddit forum /r/bitfinex many traders are very upset with the trading platform’s performance on November 29. According to the company’s support page, the trading engines margin call limits should stop serious losses. The support page states;

When a position is force liquidated, the system places a limit order at the zero-equity price (rather than simply executing a market order). We do this to prevent a liquidated position creating a negative account balance for the user due to slippage during highly volatile market periods. 

However, a lot of Bitfinex traders say the company’s margin call safety valve did not save their accounts and there are countless posts of people claiming they were forced liquidated.

One company who helps provide exchange infrastructure support to cryptocurrency trading platforms wants to prevent these types of market oddities. The firm Alphapoint and its co-founder, Igor Telyatnikov, believes digital asset infrastructure outages are a problem if the technology gains a more considerable influx of mass adoption.

“Today’s incident highlights the challenges in this space as it continues to mature and attract institutional money,” Telyatnikov explained. “We need a more robust infrastructure for institutional-grade needs.”

What do you think about the massive exchange outages that plagued customers on November 29? Let us know what you think in the comments below.


Images via Shutterstock, Twitter, GDAX, Coinbase, Gemini, and the Down Detector.


Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. A forum, and a casino, a pool and real-time price statistics.

The post This Week’s All-Time High Brings Massive Bitcoin Exchange Outages appeared first on Bitcoin News.

Bitcoin News

Markets Update: Bitcoin’s Price Jumps to an All-Time High Above $11,300

November 29, 2017 |

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $  11,300

The price of bitcoin continues to rise after our previous price report yesterday afternoon. At the time bitcoin’s price smashed through the $ 10,000 region across global exchanges. The BTC rocket ship’s engines kept on going reaching an all-time high of $ 11,395 during the early morning hours of November 29.

See also: How to Buy Bitcoin When You’re Underage

Bitcoin Reaches $ 11,395 Across Global Exchanges

Bitcoin’s price upwards has been an intense ride as the currency has gained $ 2000+ in value over the past two days. At the moment one bitcoin has a weighted price average of around $ 11,100-11,200 on exchanges. Bitcoin trade volume over the past 12-hours has doubled reaching a feverish volume of $ 9.2Bn. The Japanese yen is taking its share, with 64 percent of the global trade volume. Meanwhile, the USD, EUR, and KRW have a vast majority of the rest of the trade volume pie as every other currency has less than 1 percent of the market share. Bitfinex is the top exchange on November 29 followed by Bithumb, GDAX, Bittrex, and Bitflyer.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $  11,300
Bitcoin touches a new all-time high at $ 11,395 per BTC.

Technical Indicators

Looking at the charts show during the November 28 overnight, bitcoin’s price reached $ 10,650 and subsequently had a flash drop to $ 9,940. Bullish pressure regained strength immediately after jumping back to the $ 10,800 region. Looking at the Simple Moving Averages today both the short term 100 and long-term 200 SMA still have a wide gap, but it seems like they may converge in the near future. The move towards these two trend lines crossing paths indicates a correction is likely in the cards. The Relative Strength Index and Stochastic oscillators also reveal a similar story as these two indicators reveal oversold conditions. If we see a pullback look for some strong foundations between $ 10,200-10,400. However, in the short term, breaking resistance above the $ 11,500 region is not too far off from sight. Order books show bulls have been cutting through sell walls like butter all night and they haven’t let up yet. Bullish sentiment may see resistance stops at $ 11,600-11,800.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $  11,300
The 100 (green) and 200 SMA (white) seem to be getting closer to convergence.

Digital Asset Markets In General

Cryptocurrency markets, in general, are doing quite well with a market capitalization of roughly $ 341Bn. The 24-hour volume between bitcoin and the 1325 other cryptocurrencies has reached an all-time high at over $ 20Bn. Among all the digital assets bitcoin is commanding about 54 percent of the total cryptocurrency market capitalization worldwide. The top ten digital assets are currently all in green seeing percentage increases across the boards. Ethereum is up 8.7 percent at $ 513 per token. Bitcoin cash (BCH) is doing well on November 29 as markets are up 2 percent leading to BCH prices around $ 1610. Ripple (XRP) is up 6 percent at 28 cents per token and Bitcoin Gold (BTG) is up 1.2 percent at $ 345 per BTG. Lastly, litecoin (LTC) has reached a global average of $ 105 per LTC as its markets are up 11 percent. Notable mentions this week include the top ten newcomer Cardano (ADA) which increased 150 percent in the past 24-hours.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $  11,300
Cryptocurrency markets now command a $ 341Bn market capitalization.

The Verdict: One Giant Price Meme

Community sentiment across forums and social media show cryptocurrency enthusiasts are elated seeing the price spikes. Market optimism seems decent as well but traders are now talking about the next “big correction” and that markets are “due for a dip.” Right now the price has been a focal point over the past three days as the web has been littered with a thousand price memes. Alongside this, proponents are wondering what will happen to the price when Cboe and CME’s bitcoin-based futures markets arrive as well. Some believe the thrilling 2017 rollercoaster ride is not quite over yet.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $  11,300

Bear Scenario: At the current vantage point many traders believe a correction is due, and  that it’s just a matter of when and to what degree. There is some decent support around the $ 10,200-10,400, but they may not last if sell pressure picks up.

Bull Scenario: Bulls are trying to consolidate above the $ 11K zone and with the amount of buy pressure we see right now it just might stay above this zone for a little while. Key resistance to watch is $ 11,550-$ 11,800

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Pixabay, Bitstamp, Phneep, Bitcoin Wisdom, and Coinmarketcap.com


Need to calculate your bitcoin holdings? Check our tools section

The post Markets Update: Bitcoin’s Price Jumps to an All-Time High Above $ 11,300 appeared first on Bitcoin News.

Bitcoin News

New All Time High – A Single Bitcoin is Now Worth $10,000

November 29, 2017 |

Bitcoin's Meteoric Price Rise This Year Crosses the $  10K Zone

Bitcoin’s price has reached $ 10,000 USD per BTC across global exchanges, and bitcoiners everywhere are celebrating with glee. The decentralized currency has captured the five-digit price range just a few weeks before the end of 2018.

See also: 12.6M Viewers Will Hear About Bitcoin Watching The Big Bang Theory

‘If You Don’t Believe It or Don’t Get It, I Don’t Have the Time to Try to Convince You, Sorry’ ~ Satoshi Nakamoto 

Those famous words continuously ring in the ears of bitcoin naysayers to this day. Now, all the believers who predicted bitcoin would reach $ 10K by 2018 were right on the money this year as BTC has touched new boundaries. The digital asset just surpassed $ 9K just two days ago and at approximately 9:45 pm on November 28, 2017, bitcoin’s value captured $ 10,000 price range. Bitcoin has outpaced every single nation-state issued fiat currency by miles and continues to perform better than commodities like precious metals. Earlier this year many people forecasted bitcoin would hit $ 10K by the end of 2017 however one man predicted it would three years ago.

Bitcoin's Meteoric Price Rise This Year Crosses the $  10K Zone

Tim Draper the ‘Bitcoin Nostradamus’

Bitcoin's Meteoric Price Rise This Year Crosses the $  10K Zone Back in September of 2014 the notorious tech-venture capitalist, Tim Draper, told the world that bitcoin would reach $ 10K by 2018. At the time the price was $ 400 as it was entering a year-long price slump and was dubbed “Worst Currency of the Year” by many mainstream news publications. Mr. Draper also threw down on a monstrous cache of bitcoin purchased from the Silk Road Auction. The man purchased 30,000 BTC for $ 13M, and now that stash is worth over $ 300M making him a cool $ 287M in just a few years. Other notable financial moguls that had predicted the latest price high include former Fortress tycoon Mike Novogratz, Fundstrat’s Tom Lee and many more. Even Mark Cuban recently explained to Business Insider that bitcoin would continue to rise as long as it remains a store of value.

New All Time High – A Single Bitcoin is Now Worth $  10,000
Bitcoin 2013 to now.

Last Year News.Bitcoin.com Asked Readers: What Would You Do If Bitcoin Hit $ 10K?

Additionally back in May of 2016, we asked news.Bitcoin.com readers what would happen if bitcoin hits $ 10K? Many cryptocurrency enthusiasts revealed what they would do if the digital asset reached this price territory. One reader explains;

There is no ‘cashing out’ from my standpoint. This is about exiting the Federal Reserve note-based (FRN) system. I always ask gold bugs about their exit strategy and they never answer me. If one ounce of gold traded for $ 10,000 would you cash out? If so why would you want FRN if you need $ 10,000 to obtain one ounce of a shiny metal?  

New All Time High – A Single Bitcoin is Now Worth $  10,000
Bitcoin surpassed $ 10,050 per BTC on November 28, 2017, on Bitstamp.

Cryptocurrency Markets Show Enormous Energy This Month

Today alone, bitcoin’s market cap has surpassed over $ 167B, and BTC markets have seen over $ 6.3B worth of bitcoin trade volume over the past 24-hours. Further, since bitcoin was unleashed into the world, there are now over 1,322 cryptocurrency clones out there trying to compete. It took eight years for the entire cryptocurrency market cap to reach $ 200B, but it only took 24 days for the crypto-universe to capture $ 300B. The top ten exchanges swapping the most bitcoin this month include Bitfinex, Bithumb, GDAX, Hitbtc, Bitflyer, Bitstamp, Coinone, Bittrex, Poloniex, and Korbit. The top three countries right now exchanging the most substantial sums of BTC are Japan, the U.S., and South Korea commanding the majority of this month’s trade volumes.

Bitcoin's Meteoric Price Rise This Year Crosses the $  10K Zone

$ 10K Is No Moon; This Is Just the Beginning

Now more than ever people hear about bitcoin and the benefits it has to offer. Bitcoin is discussed on every financial news outlet, the technology is talked about on television shows with millions of viewers, and the world’s nation states are now taking bitcoin very seriously. In reality, true BTC believers know that the masses are just getting their first taste of digital asset technology and $ 10K is only the beginning.

What do you think about bitcoin reaching $ 10,000 per BTC? Let us know in the comments below. 

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Nasa, Star Wars, Imageflip, Coinbase, and Pixabay. 


Want to create your own secure cold storage paper wallet? Check our tools section.

The post New All Time High – A Single Bitcoin is Now Worth $ 10,000 appeared first on Bitcoin News.

Bitcoin News

Health giant Sutter destroyed evidence in crucial antitrust case over high prices, judge says

November 18, 2017 |

Sutter Health intentionally destroyed 192 boxes of documents that employers and labor unions were seeking in a lawsuit that accuses the giant Northern California health system of abusing its market power and charging inflated prices, according to a state judge.

In a ruling this week, San Francisco…


L.A. Times – Business