Day: November 6, 2018

Ethereum Price Analysis: ETH/USD Breaks Key Resistance, $230 Next?

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Key Highlights ETH price traded higher and broke the $215 and $220 resistance levels against the US Dollar. Yesterday’s highlighted key breakout pattern was breached with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $223 level and it remains well supported on dips near $216. Ethereum price is climbing higher against the US Dollar and bitcoin. ETH/USD broke the important $215 resistance to move further into a bullish zone. Ethereum Price Analysis Recently, there was a minor downside correction from…

Crypto Market Surges in Daily Volume to $13 Billion, Renewed Optimism

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Twitter Facebook LinkedIn Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $10 billion to $13 billion. Bitcoin, in particular, has seen a large increase in volume from $3.1 billion to $4.3 billion within a week, by more than 40 percent. Led by the positive price movement of Bitcoin and its noticeable increase in volume, the value of other major cryptocurrencies like Stellar (XLM), Cardano (ADA), and Tron (TRX) has increased by the range of 3 to…

China’s Central Bank Wants to Put the Damper on Airdrops: Report

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The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. Based on the report, the bank states that the companies running token giveaways are evading China’s…

BTCC Announces the “Indefinite” Closure of Its Mining Pool

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BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. Citing “business adjustments,” the notice was generally vague about the exact reason for this particular closure. Having started operations in 2014, the mining pool is one of the oldest in the space, while BTCC itself is China’s oldest crypto exchange. BTCC’s mining pool was one of…

Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users

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Blockchain will be airdropping approximately $125 million worth of Stellar lumens to its users, in conjunction with the Stellar Development Foundation. This marks the largest airdrop in cryptocurrency history. Those interested in taking part must possess a Blockchain wallet and be willing to verify their identity. The first group of customers is set to receive their lumens sometime this week at no charge. Stellar is Blockchain’s first airdrop partner since it launched its official “Airdrops Guiding Principles” framework last month. Jed McCaleb, co-founder of the Stellar Development Foundation, believes airdrops…

Bitfury Secures $80M in Private Funding Round

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Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine. The funding round will be used by the company to enrich its software and hardware development, as…

Just a Ripple? XRP Price Hits One-Month High But Eyes Correction

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Twitter Facebook LinkedIn Ripple (XRP) on Tuesday established a bullish setup after rising more than 10 percent against the US dollar. The pair broke above the October peak to set a new one-month high at 0.569-fiat. It was previously stuck in a narrow trading range for multiple weeks amidst lower volatility. While the lack of bias-defining price action is itself not significant, the absence of solid bullish momentum, coupled with failed rally attempts of the recent weeks, confirms XRP’s overall downtrend. The latest rally marks the asset’s latest attempt to break…

Bitcoin Cash Launch Retrospective – The Coinbase Blog

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Launch of BCH Trading We announced our decision to support BCH trading on December 19, 2017. The following outlines the timeline of events that occurred: December 19, 2017 4:06 pm PST: We announced that GDAX would enable support for BCH trading on three new books: BCH-USD, BCH-EUR and BCH-BTC. In accordance with our Trading Rules these books opened in ‘post-only’ mode. This mode allows orders to be placed but not filled — establishing liquidity, encouraging price discovery, and mitigating the risk of a volatile market opening. 5:15 pm PST: We announced our…

Bitcoin Cash Trading Update – The Coinbase Blog

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We wanted to provide our customers with an update on Bitcoin Cash (BCH) trading on GDAX. At 4:00pm PST on December 19, 2017, we launched three BCH order books on GDAX. All BCH order books opened in post-only mode, allowing customers to place open orders and establish liquidity. At 5:20pm PST, we enabled trading on the BCH-USD book. The BCH-EUR and BCH-BTC books remained in post-only mode. At 5:22pm PST, we paused trading in the BCH-USD order book due to significant volatility. Once paused, we cancelled resting orders and cleared…

SegWit – The Coinbase Blog

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We wanted to give our customers an update on Bitcoin Segregated Witness (SegWit) transactions. While we plan to support SegWit in 2018, at this time we are focused on operating a secure and stable platform before implementing new features. We are excited to offer features that our customers want, but securely storing customer funds will always remain our top priority. Following security, we are committed to ensuring our exchange remains available and performant even during periods of peak activity. Many of our customers are asking for SegWit, and we hear…