Day: November 16, 2018

Major Exchanges Are Already Distributing New Bitcoin Cash Tokens

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After yesterday’s split of the bitcoin cash blockchain, several top exchanges have already accommodated the resulting two tokens. While the scheduled hard fork was originally intended as an upgrade to the network, the long-standard Bitcoin ABC version found itself with a rival network and token, Bitcoin SV, after it managed to garner enough support from miners. Taking place at around 18:00 UTC Thursday, the event soon saw both networks producing new blocks, though Bitcoin ABC took an early lead. At press time, ABC has mined 34 blocks more than SV and…

Japan Wants to Regulate Crypto Wallets, Breach of User Privacy?

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Crypto wallet users in Japan may have to reveal their identities as the country’s top financial watchdog prepares a law for it. The Financial Services Agency (FSA) on Monday revealed its plan to regulate cryptocurrency wallet providers, ItMedia reported. The decision came during a cryptocurrency study group meeting after concerns over money laundering and terrorist financing were raised. The agency also looked into pressing matters related to the protection of crypto wallet users that remain mainly exposed to cyber attack and infrastructure failures. FSA didn’t finalize the details of how and when…

Bitcoin Charts Suggest Price Bounce Coming

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If past events are a guide, bitcoin (BTC) could in for a recovery rally in the short-term. Following Wednesday’s 10 percent slump, the leading cryptocurrency printed an intraday low of $5,188 on Thursday, before closing largely unchanged on the day (as per UTC) at $5,580. The price swing formed what’s termed a “long-tailed doji” candle on the daily chart, which is usually taken to represent indecision in the marketplace. The fact that the candle appeared at the bottom of the recent sell-off indicates the indecision is predominantly among the sellers and…

Crypto Market Recovers, But is a Fall to $4,800 Possible For Bitcoin?

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Twitter Facebook LinkedIn After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation. The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance level BTC will have to surpass to potentially eye a rally to $5,800 and potentially re-enter the $6,000 region. Since August, BTC had defended the $6,000 support level, which has since turned into a major resistance level. Hence, if BTC initiates a corrective rally throughout the next…

Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900

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Key Points Bitcoin price extended declines below $5,330 and traded towards $5,200 against the US Dollar. There is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely positioning for an upward move above the $5,600 and $5,700 levels. Bitcoin price extended losses towards $5,200 against the US Dollar. BTC/USD is currently rebounding and it could correct higher towards $5,900. Bitcoin Price Analysis Yesterday, we discussed the chances of more declines below $5,400…

TRX/USD Break Out Trade, Path Towards Jan 24 Lows

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Latest Tron News That the Japanese are open to cryptocurrencies and similar blockchain technologies but concurrently stringent protecting investors is true. So tight are applicable laws that investors who lose their digital assets are guaranteed of a recourse. We have seen that happen with the ongoing Mt Gox Civil Rehabilitation Case. Because it is mandatory for exchanges to register with the country’s Financial Services Agency (FSA), investors are safe. Now, under the fund settlement law of which crypto exchanges must follow since they are platforms for buying and selling digital…

Despite Increasing Adoption, LTC/USD Likely to Test $30

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Latest Litecoin News In proof-of-work networks, hash is everything. Because of this, Coinmine is desirous of complete decentralization in line with blockchain dicta. As such, the startup with backing from CoinBase and Arrington Ventures is taking crypto mining to homes as their flagship rig—Coinmine One is power efficient—at 120 watts, easy to use—it has its own operating system and use GPU chipsets (AMD RX 570 (4GB)). Just preordered my @coinmine miner. This should be interesting. I always wanted to mine but I hated the inconvenience. Now I have no excuses…

BTC/USD Prices Steady but Further Losses Expected

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Latest Bitcoin News In the midst of a severe market slump that has seen Bitcoin slide more than 80 percent from 2017 peaks, Zhao Changpeng is pretty optimistic about crypto. We must note that the fall of Bitcoin has dragged altcoins to new levels with some dropping by as much as 95 percent from their 2017 highs. Nonetheless, Binance is having a stellar year. Pulling in around $3 billion in revenue in the first half of the year the exchange is officially the largest in the world by trading volumes.…

Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062

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Key Highlights ADA price fell sharply and traded below the $0.0700 and $0.065 supports against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to decline once again if sellers push the price below the $0.0620 support. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD is currently recovering, but upsides are capped near $0.0640 and $0.0675. Cardano Price Analysis In the last analysis, we…