Day: April 20, 2019

Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals

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Saturday, April 20 — most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time. Bitcoin (BTC) is hovering above the $5,300 mark. Market visualization courtesy of Coin360 Bitcoin is up about one percent on the day, trading at $5,342 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up a solid 5%. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly…

Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV

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Bitcoin SV (BSV) — the altcoin that emerged during the bitcoin cash (BCH) hard fork last November and which took the moniker “Satoshi’s vision” — has been on the periphery of crypto news this week. BSV is famously backed by Craig Wright, an Australian entrepreneur, chief scientist at his startup called nChain and self-proclaimed Satoshi Nakamoto. After Binance, one of the world’s largest crypto exchanges, decided to delist BSV amid Wright’s campaign to deanonymize one of his critics, other major platforms — including ShapeShift and Kraken — followed suit. As…

Here’s What Will Trigger the Next Mammoth Bitcoin Rally

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MakerDAO Token Holders Vote About Whether to Raise DAI Stability Fee by 3%

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Another vote about whether to raise the so-called stability fee for Maker’s ethereum (ETH)-based DAI decentralized stablecoin by 3% has started on the governance portal of the Decentralized Autonomous Organization (DAO) on April 19. MakerDAO, which issues the USD-pegged aforementioned algorithmic decentralized stablecoin, is seeking to improve the token’s peg by increasing the yearly stability fee. The stability fee is a charge levied by Maker participants when Dai is used for loans. In March, the DAO already raised the stability fee twice, first to 3.5%, and then to 7.5% per year.…

Crypto Market Targets Fresh Highs: BNB Eyes $30, Bitcoin Cash, EOS, Tron Analysis

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The total crypto market cap is positioned for more gains above the $180.0B resistance. EOS price is consolidating gains near $5.50 and it could surge above $5.60. Binance Coin (BNB) rallied above the $22.00 and $25.00 resistance levels. Bitcoin cash price is back above the $300 support area, with a positive angle. Tron (TRX) price is struggling to break the $0.0265 and $0.0268 resistance levels. The crypto market cap setting up for a new monthly high, with strong gains in binance coin (BNB). Bitcoin (BTC), Ethereum (ETH), bitcoin cash, tron…

Binance Chain Could Send Ethereum Price Back to Double-Digits: Analyst

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Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket. Telegram-based market analysis and trading log, the Gem Club, said Thursday that new cryptocurrency projects had no benefit while choosing the Ethereum blockchain over Binance Chain. The analyst noted the new custom chain could replace Ethereum when it comes to listing projects and issuing their tokens. “BNB is going to have a devastating effect on ETH and send it back to double digits,” wrote the…

Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million

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Chinese publicly listed construction company turned to cryptocurrency mining firm, Huatie HengAn, has reportedly been sold after its value decreased by over 90%. The development was reported by English-language local crypto-focused media 8btc on April 19. The firm has been reportedly sold for around 12 million yuan ($1.8 million), after its value decreased from 170 million Chinese yuan ($25.3 million) in under a year. Per the report, Huatie HengAn started as a subsidiary of the publicly listed parent company Huatie and claims to be mainly engaged in providing cloud computing…

Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO

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Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups. On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will take appropriate legal action against companies that attempt to distribute STOs created in Thailand to overseas markets. Tipsuda Thavaramara, the deputy secretary of the Thai SEC, reportedly said: “The regulator will have to consider…

Bitcoin Stirs Imminent Crypto Bull Stampede with 44% Gains in 2019

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Dear Bitcoin Traders, Golden Cross is Not Always a Bullish Signal

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The entire bitcoin trading community is holding its breath for a crucial bullish signal known as the Golden Cross. It started on April 2 when the bitcoin price – at last – broke above a stringent resistance area and surged 23 percent in a day. This upside swing changed the market’s entire dynamics. Almost all the technical indicators that were screaming bearish turned bullish overnight. Buying sentiment returned. Selling sentiment decreased. But most importantly, bitcoin managed to sustain its gains even though it did not extend it. Profit extension is…