Day: October 24, 2018

BCH/USD Bitcoin Cash Price Analysis: BCH Stable at $7.76 billion

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Overly, the market is flat and the lack of solid price movement after Oct 15 could hint at a lower level price accumulation and potential BCH bulls as long as trend above $400. Rallies above $550 and $600 could lead to surges towards $850, our first ideal bull target. Latest Bitcoin Cash News Aside from being a peer to peer electronic cash payment system that executes according to the dicta of Satoshi Nakamoto, Bitcoin Cash allows developers to build application on top of its blockchain. Many dApps are now live…

ADA/USD, LTC/USD, EOS/USD Prices Accumulate

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Overly, traders are optimistic expecting prices to rally past key resistance trend line as ADA/USD, LTC/USD and EOS/USD gain momentum and bottom out from important support levels. This stand is valid more so when we factor in fundamental like the probable launch of Bitcoin ETF which could lift BTC and altcoins with it. That’s aside from coin specific news that plays a huge role as price determiners. Let’s have a look at these charts: EOS (EOS/USD) Price Analysis No doubt, EOS is ranging and we can see that from the…

Judge Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

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A federal judge has dismissed a lawsuit against Coinbase alleging the exchange hurt investors when it listed bitcoin cash by allowing insider trading. On Tuesday, U.S. District Judge Vince Chhabria, from the Northern District of California, dismissed a lawsuit filed by Arizona resident Jeffrey Berk against Coinbase, who claimed that the exchange allowed insiders to trade bitcoin cash prior to its listing on the exchange. This in turn harmed  investors, he said in March. In the original complaint, filed in March, Berk claimed that “unsurprisingly, those who had been tipped…

The Past Month, Bitcoin Has Been Less Volatile Than NASDAQ, DOW and S&P 500

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In what is a rare, time-sensitive window, bitcoin’s volatility since September 14, 2018 has been less than that of the most popular indexes from traditional finance sectors. Bitcoin seems to have found a temporary bottom relative to its incredible bull run that saw bitcoin’s price increase more than 1,200% in 2017 alone. 2018, however, has seen a reversal in fortune, as bitcoin started the year in the red and is down over 60% to date. Bitcoin has been married to volatility ever since the digital currency’s inception in 2009, as…

‘Bitcoin is Preparing to Break out’

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Blockshow is announcing a new conference  – Asia Blockchain Week, which will be hosted in Singapore from Nov.  27 until Dec. 1, 2018. The blockchain and cryptocurrency conference will attract over 100 of the top industry leaders and crypto influencers, and more than 2000 attendees, from over 50 countries. The venue for this event will be held at one of the most beautiful locations in Singapore, the Marina Bay Sands Luxury Hotel. This year’s lineup of speakers at Asia Blockchain Week include Crypto-Congressman and Taiwan Legislator Jason Hsu; CTO at…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 24

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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. The crypto markets have been consolidating in a small range for the past few weeks. Investors who are currently sitting on the sidelines avoid entering a range bound market, and the volumes have dropped. We expect buying to start after the prices break out…

Binance Reveals Results of Crypto Donations for Flood Relief in Japan

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The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24. From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across 23 prefectures, and 225 people were confirmed dead across 15 prefectures. The floods damaged around 17,000 houses. Binance subsequently called for donations in digital currency from individuals and industry players to help residents affected…

Air Canada to Integrate Blockchain-Based Travel Distribution Platform

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Canada’s largest airline Air Canada has announced its participation on a blockchain-based travel distribution platform developed by Swiss blockchain startup Winding Tree, according to a press release published Oct. 24. Air Canada was established in 1937 and provides scheduled and charter passengers and cargo air transportation. In 2017, Air Canada carried 48.1 million passengers, with an increase by 7.3 percent compared with 2016, per the company’s 2017 annual report. Air Canada has signed a letter of intent to participate in a decentralized open-source travel distribution platform developed by blockchain travel…

Crypto Market to Eclipse $20 Trillion as Bitcoin Fades

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It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of financial advisory firm deVere Group, which boasts $10 billion in AUM, the next 10 years will look a lot different than bitcoin’s first decade. He’s quick to attribute the “crypto revolution” to bitcoin, saying that it…

Circle and Coinbase Launch Their Joint Stablecoin USDC

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Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the ‘CENTRE Consortium,’ which has its own website already. Circle and Coinbase: CENTRE Both Circle and Coinbase released their own individual blog posts about the joint venture and the launching of the stablecoin yesterday. The CENTRE Consortium is said to be aimed at “establishing a standard for fiat on the internet and providing a governance framework…