Day: October 17, 2018

Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

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Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building up. Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

BCH Ready to Rally Despite Gemini Hitch

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The supremacy war between Bitcoin ABC and Bitcoin SV is beginning to affect Bitcoin Cash investors keen on channeling funds through regulatory compliant avenues as Gemini. In a statement, the New York based exchange said they will list Bitcoin Cash in November once there is stability within the Bitcoin Cash ecosystem. Latest Bitcoin Cash News Gemini, one of the world’s largest and regulated cryptocurrency exchanges has delayed the listing of Bitcoin Cash. Citing “uncertainty within the Bitcoin Cash community about one or more possible hard forks”, the exchange plans to…

Bulls are back as Stellar Lumens add $300 million

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Altcoins bulls are back and as Stellar Lumens—up 7.5 percent and IOTA—up three percent in the last day lead the rest of the market, it’s likely that our bull traders will go live today. As such, we recommend traders to search for under-valuations in lower time frames. Let’s have a look at these charts: EOS Price Analysis Still daily movements are tight and EOS bulls are struggling to follow through Oct 15 rapid gains. As a result, EOS is stagnating, oscillating within tight trade ranges in lower time frames while…

DLT Falls Short of Meeting Financial Market Demands

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The World Payments Report 2018 published Oct. 16 has found that distributed ledger technology (DLT) is not currently capable of meeting financial market demands. The annual report was jointly compiled by consulting and technology services firm Capgemini and leading European bank BNP Paribas. To prepare the report, researchers conducted an assessment based on multiple criteria, including industry governance, market dynamics, demographics, and enabling infrastructure. The companies also interviewed executives and distributed an online survey to industry participants. In the report, the authors address challenges facing DLT adoption. Of all the…

Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases

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Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts cited by SCMP believe these tariffs could possibly affect China’s major mining hardware producers, as the technology was reclassified by the office of the United States Trade Representative (USTR) to fall under a stricter tariff regime. This summer the Trump administration significantly increased U.S. tariffs on more than 250 Chinese goods. In June, the USTR…

0x Surges 30% After Coinbase Listing, Which Crypto is Next?

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0x (ZRX), better known as the 0x protocol, experienced a 30 percent increase in value within mere minutes after Coinbase, the world’s largest crypto brokerage, officially integrated ZRX. In an official announcement, Dan Romero, Coinbase vice president and Coinbase Consumer general manager, wrote: “Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. ZRX will be available for customers in most jurisdictions, but will…

Canadian Firm to Build Blockchain-Based Supply Chain Platform for Cannabis Industry

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Canada-based blockchain and crypto company DMG Blockchain Solutions Inc. (DMG) has announced the development of a global supply chain management platform for the legal cannabis industry, according to an announcement published Oct. 17. As reported by Canada’s national public news and information service CBC, the country’s government officially legalized recreational marijuana as of today. Cannabis was previously available only for medicinal use within the country. According to Health Canada, there are currently over 120 licensed cannabis producers in Canada, where one of the top producers has already stated that labor…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 17

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While crypto markets have given up much of their Oct. 15 gains, they are still trading well above the recent lows, which is a positive sign. A knee-jerk reaction to a news event can propel the markets only to a certain level, after which…

Bitcoin Futures Trading Rose 41 Percent in Q3: CME

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Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC in volume. Open interest in CME’s bitcoin futures market saw a significant bump as well, rising 19 percent quarter-over-quarter to an average of 2,873. In Q3, Bitcoin futures average daily volume rose 41% and open interest was…

85 Percent of Developers Can Alter Their Cryptoassets’ Protocol, Research Shows

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Cryptocurrency tracking resource CryptoCompare’s recent study has shown that 85 percent of crypto assets allow development teams to alter their platforms. The report was published Wednesday, Oct. 17, on CryptoCompare’s website. To create the report, CryptoCompare reviewed hundreds of crypto and blockchain projects, with experts detecting a tendency towards centralization set by utility tokens that are running on controlled servers. According to the research, as many as 85 percent of developers can change the protocol on their projects at any moment at their own discretion. Source: CryptoCompare The yearly taxonomy…