Key Points Bitcoin cash price settled below the $190 and $200 support levels against the US Dollar. There was a break below an ascending channel with support at $172 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could correct higher, but it is likely to face sellers near the $190 or $200 resistance level. Bitcoin cash price moved back in a bearish zone below $200 against the US Dollar. BCH/USD could decline towards $160 as long as it is below $200. Bitcoin Cash Price…
Day: November 27, 2018
BlockShow Asia 2018 Starts in Singapore
Blockshow Asia 2018, dubbed “the largest blockchain technology roadshow” by tech news website Venturebeat, started in Singapore Wednesday, Nov. 28. Blockshow Asia, powered by Cointelegraph, is returning to Singapore for the second time bringing together over 3,000 blockchain enthusiasts from over 50 countries. The conference is scheduled for Nov. 28 and 29, while Asia Blockchain Week will last until Dec. 1. The Blockshow roundtables and discussions will take place at Marina Bay Sands convention center at the very heart of Singapore’s business district. On the first day the speakers will…
Blockchain Deployment Could Add $3 Trillion in International Trade by 2030
The World Trade Organization (WTO) released a report on blockchain technology’s effect on international trade today, Nov. 27. Per the study, blockchain’s economic value-add on a global scale could reach almost $3 trillion by 2030. “Blockchain and International Trade: Opportunities, Challenges, and Implications for International Trade Cooperation” analyzes blockchain applications and challenges that must be considered before the technology’s deployment in various sectors. The study considers the technology’s effect on industries such as trade finance, customs clearance, logistics and transportation. Blockchain Business Value Forecast. Source: WTO The study estimates that…
Crypto Research Firm Launches Disclosure Database for Digital Assets
Cryptocurrency data and research company Messari is launching a disclosures registry for basic cryptoasset information, according to a press release published Nov. 27. Messari is a New York-based startup, which provides insights, markets data, and research tools in the crypto industry for investors, regulators, and the general public. In March, Messari secured between $1–$5 million in early-stage funding to launch its disclosure database, according to Forbes. Per the recent Messari announcement, the company has launched the open-source disclosures registry, that aims to become “a single source” for basic cryptoasset information.…
NYSE Chair Says Survival of Digital Currencies Is ‘Unequivocal’
New York Stock Exchange (NYSE) chairman Jeffrey Sprecher expressed optimism about the survival of digital currencies as an asset class, business news outlet Barron’s reported Nov. 27. Speaking at the Consensus Invest conference, Sprecher — who is also the CEO of Intercontinental Exchange (ICE) — said that when he saw headlines asking “Will digital assets survive?,” he would say that “the unequivocal answer is yes.” “We’re kind of agnostic to price,” Sprecher added. On stage at the Consensus Invest event in New York, Sprecher was accompanied by his wife and…
Crypto Exchange Bitstamp to Integrate New Platform for Market Monitoring
European cryptocurrency exchange Bitstamp will integrate a new platform to improve compliance and customer protection, according to a press release published Nov. 27. Bitstamp has formed a partnership with British market surveillance firm Irisium Ltd. in an effort to improve the safety and reliability of its marketplace. The exchange will deploy Irisium’s platform to monitor market activity and attract more institutional investors. Commenting on the collaboration, Alastair Goodwin, CEO of Irisium Ltd, said that the adoption of Irisium’s platform will help “increase transparency, integrity and confidence in the cryptocurrency market,”…
Markets Fail a Firm Rebound Attempt, Some Altcoins See Notable Daily Gains
Tuesday, Nov. 24: Bitcoin (BTC) has failed to hold $4,000 support that it challenged yesterday, while most major cryptocurrencies by market cap have seen losses over the past 24 hours, according to CoinMarketCap. 9 of the top 20 cryptocurrencies are seeing mild gains today, with the ZCash (ZEC) and NEM (XEM) prices increasing by more than 10 percent and 8 percent on the day, respectively. Market visualization from Coin360 Bitcoin is trading at $3,766 at press time, up around 0.28 percent over the past 24 hours. After dipping to as…
Bitcoin SV Joins Top Cryptocurrency Ranks after Climbing 48% in a Week
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The hash war between the Bitcoin ABC and Bitcoin SV camps have officially come to an end. But the one that conceded defeat surprisingly gained more than the one that won. Bitcoin SV, the brainchild of Dr. Craig Wright backed by CoinGeek mining pool boss Calvin Ayre, surged circa 48 percent in a week. The new BSV ticker added as much as $2.21 billion to its…
Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs
Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading pairs, according to announcements from both firms Tuesday, Nov. 27. Tether announced the direct redemption of Tether to fiat along with a major redesign of its platform for the verification of new customers. According to the official announcement, the update allows users to redeem their tokens on the Tether.to platform at a USDT to fiat ratio of 1:1. All Tether deposits and withdrawals are zero-fee, while fiat transfers are…
‘Blockchain Revolution’ Is Bigger Than Anything We’ve Seen in History: Overstock CEO
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it’s a disruptive technology that will transform the world. “The blockchain revolution has a greater potential than anything we’ve seen in history,” Byrne told Fox Business on Nov. 26 (video below). “It’s bigger than the Internet revolution, how it’s going to restructure society.” Fox Business host…