Key Points Bitcoin cash ABC seems to be a winner and it is currently trading below $300 against the US Dollar. There is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of a major downside break below $300 in the near term. Bitcoin cash price is trading near $300 on Kraken against the US Dollar. BCHABC is likely to retain BCH ticker and it is currently trading below $300…
Day: November 18, 2018
ADA/USD Risk Dropping Below 6 Cents
Latest Cardano News Thing is Cardano is barely a year old but they are clear, sticking to their initial vision and mission statement. Believing that the platform is as good as the community behind it and no one should be an obstruction as the team sweat towards a superior, governable and community centric smart contracting platform, Charles Hoskinson and Ken Kodama of Emurgo led a campaign that saw Michael Parsons resign after a string of what they say was poor performance and wanting leadership. Paul Schmid is the chair of…
XLM/USD Stable While IOT/USD and TRX/USD Tumble
Despite attempts of higher highs, sellers are technically in charge. Today, we expect some resuscitation gifting LTC/USD, TRX/USD, IOT/USD and EOS/USD bears another opportunity to sell even if fundamentals are favorable. While others sink, XLM/USD is relatively stable and up one spot to fifth replacing EOS in the top 5. Let’s have a look at these charts: EOS Price Analysis A 15 percent drop in the last week was enough for a flip Stellar Lumens to flip EOS as the fifth most valuable coin in the space. This is mostly…
Prices Recover Hours after Amun Bitcoin ETF Approval
Latest Bitcoin ETF After 10 years of evolution, adaptation and maturity, Bitcoin is no longer a “fad”. By the general definition of money, Bitcoin is the future. BTC is the perfect store of value, a unit of account, fungible and most importantly acts a medium of exchange. Aside from being a global phenomenon, the security, privacy and its general traction may be the reason why the main exchange in Switzerland gave the green lights for the world’s first Bitcoin ETF, Amun Crypto ETP. The Bitcoin ETF shall go live in…
Could Switzerland’s Crypto ETP Make a Bitcoin ETF More Likely?
Twitter Facebook LinkedIn This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.” Like the Coinbase Index and Bitwise Hold 10, Amum ETP represents the value of five cryptocurrencies that include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). Investors in the Amun ETP will hold a basket of cryptocurrencies that meet the requirements and criteria set forth by the investment firm. “Unlike actual assets such as stocks or gold, an…
Who Is Winning the Hash War
The latest Bitcoin Cash (BCH) network update has resulted in a complex battle, and the blockchain has been split into two: BCH ABC is in one corner, and BCH SV is in the other. Here is what they both stand for, and who is currently winning the hash war. BCH, ABC, SV: Who is fighting and why? Bitcoin Cash emerged on August 1, 2017 after departing from Bitcoin’s (BTC) original blockchain via a hard fork. The separation happened in an attempt to manage BTC’s scalability problem. Part of the Bitcoin…
SIM Swapping Becomes Increasingly Popular in California, Police Make It “High Priority”
On November 7, a security news and investigation blog KrebsOnSecurity published an interview with REACT Task Force, a California-based law enforcement group dedicated to fighting cybercrime. As per the article, members of REACT consider “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud. Here is how fraudsters use 99 cent SIM cards bought off eBay to steal millions worth of crypto with just one call. “SIM swapping”: what is it? SIM swapping is the process of making a telecom provider like, say, T-Mobile, transfer the…
Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners
Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14. The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that the rate structure is “built the same was as the existing rate structure that cryptocurrency miners are paying right now”: “What this new rate structure (Schedule 36) does is brings into it…
Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600
Sunday, Nov. 18: after a tumultuous week, the crypto markets are today signalling recovery, with most of the top ten cryptocurrencies seeing healthy growth of within a 1 to 7 percent range, and the vast majority of the top 100 crypto assets by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 After a steep decline Nov. 14, Bitcoin (BTC) is today showing signs of gentle growth, consolidating its incremental gains in recent days to push the $5,600 price point. As of press time, the…
a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Swiss Crypto Firm X8 AG Receives Islamic Finance Certification for Sharia-Compliant Stablecoin Swiss-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin. According to the X8 director and co-founder, the ETH-based crypto asset is…