TRX/USD Bearish, $250 million Gap for a Tron–Monero Flip

The Bitcoin—altcoin couple is the reason why altcoins resurgence depends on Bitcoin price ticks. At the moment it is a Bitcoin winter and altcoins are struggling. TRX/USD and EOS/USD prices are trending below key support levels despite Ledger Nano S providing support for EOS dApps. Let’s have a look at these charts: EOS/USD Price Analysis Despite the biting market conditions, you can now use your Ledger Nano S to interact with EOS dApps. Nonetheless, some functions as Chintai or removing orders from DEXs aren’t available.  Ledger will soon release a…

ADA/USD Very Bearish Below 6 cents

Latest Cardano News Underpinning Cardano are three core objectives guiding its roadmap: the growth of the community and its needs, a distributed and resilient network true to the original vision of Satoshi Nakamoto and creating checks and balance between research and development so that commercial interest never eclipse the peer review foundation of the platform. This is why Cardano isn’t caving to pressure and with several external auditors as Grimm, RPI Cryptography Group and FP watching quality and holding IOHK accountable, operation guidelines are clear. During the Malta Blockchain Summit,…

Regulators Step in while BTC/USD Prices Range

Although maximalist will advocate for self regulation like in Japan, the involvement of regulators is perhaps the only way for adoption promotion especially in this bear market. That is what CONSOB, the Italian regulator is doing while BTC/USD prices steady above $4,500. Latest Bitcoin News Regulations, regulations and more regulations that is the way forward it seems. Coincidentally, regulators from all over the world are foraying at the time when Bitcoin prices are free falling as investors seek for some sort of protection. Read: Price Predictions Roam Free As Bitcoin…

Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…

Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool. Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin. The decline has resulted in a similar drop in mining profitability and forced Chinese operators to sell their mining devices at a loss, according to 8BTC. The news outlet has reported that…

Why Major Crypto Exchanges are Granting Bitcoin Cash With BCH Ticker

Twitter Facebook LinkedIn The hash power war between Bitcoin Cash (BCH) and Bitcoin Cash SV (BCHSV) ended with a one-sided victory for BCH. Prior to the hard fork on November 15, major cryptocurrency exchanges publicly expressed support towards the roadmap set forth by bitcoincash.org or ABC, the original Bitcoin Cash blockchain network. Fast forward eight days, a growing number of leading cryptocurrency trading platforms have begun to officially adopt ABC as the original Bitcoin Cash network with the ticker BCH. What Triggered Coinbase and Kraken to Support BCH? Earlier this…

What Is Going On With the Crypto Markets, Analysts Unpack Factors Behind 10-Days Slump

Over the last 10 days the cryptocurrency markets have endured a massive sell-off across the board. There are a number of reasons that have led to the highly bearish sentiments on the market but seeing red has been difficult for many. As the value of Bitcoin and numerous altcoins have continued to decline to depressing levels, and a certain amount of panic has ensued. Cointelegraph has reached out to various industry professionals to explore the reasons behind this most recent slump in the market and what to possibly expect in…

Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms

Norway has acting to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway’s largest printed newspaper Aftenposten reported Nov. 21. Until now, mining farms — in keeping with other power-intensive industries — paid a low rate of 0.48 øre ($0.05) per kilowatt. This will now rise to 16.58 øre per kilowatt as of January 2019, following an amended to the state budget agreement. One vocal parliamentary representative for the Socialist Left Party (SV) Lars Haltbrekken is quoted as strongly advocating the action, arguing: “Norway can not continue to provide huge…

Investors in US Market Paid $39,000 to Buy Bitcoin at Peak Using GBTC

Twitter Facebook LinkedIn In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, a product called the Bitcoin Investment Trust (GBTC) offered by Grayscale Investment, a subsidiary of Digital Currency Group (DCG) exists that allows retail investors to invest in Bitcoin through the same account used in the stock market and other public markets. $39,000 Per BTC Every share of GBTC, an investment vehicle listed on OTC Markets, an American financial market providing price and liquidity…

Crypto Markets Shaky but Most Top Coins See Only Mild Losses

Thursday, Nov. 22: after a period of tumult, the crypto markets are today somewhat calmer, with most of the top ten cryptocurrencies seeing only mild losses capped beneath a 3 percent range. A scattering of top twenty coins are even tipping into green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as…