Bitcoin Cash BCH

$99.83
Market Cap $ 1.748 Bn (#7)
24h Volume $ 72.407 MM
Chg. 24h: -3.08%
Algo. score 3.8/5  (#86)
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Bitcoin Cash News

UAE and Saudi Arabia Launch Joint Cryptocurrency for Interbank Transactions

Recent reporting from Gulf News revealed that the United Arab Emirates (UAE) is collaborating with the Saudi Arabian Monetary Authority (SAMA) to develop a blockchain-based cryptocurrency that will be used for interbank settlements. UAE central Bank governor Mubarak Rashed Al Mansouri explained that the cryptocurrency will not be available to consumers as it is only meant to be used to make interbank transactions “much more efficient.” The UAE government has embraced blockchain and cryptocurrency technology and last month a new crypto exchange called Bitex began offering users access to trading BTC, BCH, ETH, and LTC. (RS)

16 hours ago

OKEx Relists Bitcoin ABC Under Original BCH Ticker

According to reporting from RTT News, OKEx cryptocurrency exchange will relist Bitcoin ABC under the original Bitcoin Cash (BCH) ticker. This follows similar actions from Gemini and Coinbase who also threw their support behind Bitcoin ABC rather than the newly formed Bitcoin SV. OKEx will continue to list Bitcoin SV but under a newly created ticker that reads BSV. As the re-listings take place, OKEx will suspend spot trading for BCH and BSV for roughly two hours. The change of ticker from Bitcoin ABC to BCH could possibly be interpreted as a victory for Bitcoin ABC, especially since OKEx was recently crowned the largest cryptocurrency exchange by daily trading volume. OKEx currently has more than 100,000 active users and it is one of the most active exchanges for Bitcoin Cash trading. (RS)

18 hours ago

Online Bullion Marketplace Onegold Now Accepts Cryptocurrencies

Online bullion marketplace Onegold announced on Tuesday that its customers can now purchase precious metals with bitcoin cash (BCH) and bitcoin core (BTC). The platform Onegold is blockchain-based and stores precious metals and allows customers to redeem their digital bullion holdings at any time. The support for BCH and BTC reportedly is realized due to a partnership with Bitpay. (RL)

a day ago

OKEx Crypto Exchange Lists Bitcoin Cash ABC Under Original Bitcoin Cash Ticker

The Malta-based cryptocurrency exchange OKEx announced that it would list Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH, according to an official statement Dec. 11. Bitcoin Cash ABC has earned the BCH ticker on other major exchanges such as Gemini, Coinbase. Bitcoin Cash split into Bitcoin Cash ABC (Adjustable Blocksize Cap) and Bitcoin Cash SV (Satoshi’s Vision) in a hard fork that was the result of a network update on Nov. 15. At the time of writing this, Bitcoin Cash(BCH) is trading at $99.62, down 5.52%(RL)

a day ago

Cryptocurrencies Plunge Pushes Tether into Top 5 Regarding Market Cap Rankings

The sharp decline of cryptocurrencies has seen USDT rise to the top 5 most valuable digital currencies regarding market capitalization. This news comes after LTC shed more than 50% of its market cap in the preceding three months. EOS also lost approximately half of its market valuation, and the selling pressure continues to push it downwards. Today, both the market caps of LTC and EOS are behind USDT's by more than $400 million and $100 million respectively. BCH suffers the same fate, losing more than 75% of its market cap over the past 90 days. Today, its market valuation is behind USDT’s by $100 million. (KE)

2 days ago

Bitcoin Cash Is Set To Go Live On Gemini Today

Last week, Gemini announced the support for Bitcoin Cash, and it is set to go live today. Gemini is a popular cryptocurrency exchange run by the Winklevoss twins. Apart from trading, Gemini will also support Bitcoin Cash custody services. Users could deposit Bitcoin Cash from the weekend, and trading is set to go live at 13:00h ET. Bitcoin Cash has suffered a massive crash after the fork and is currently fighting with Bitcoin Cash SV for market dominance. Bitcoin Cash (BCH) is priced at $108.27, gaining 0.24% in the last 24 hours. (VS)

3 days ago

Bitcoin Cash (BCH) Overtakes New Rival Bitcoin SV (BSV) After Gemini Exchange Inclusion

After a short win for Bitcoin SV when virtual currencies plummeted a few days ago, BCH has recovered its position having $1.87 billion market capitalization compared to Bitcoin SV’s $1.69 billion. The price increase of Bitcoin Cash reportedly is related to the fact that the U.S.-regulated cryptocurrency exchange of the Winklevoss Twins, Gemini, decided to add support for Bitcoin Cash. At the time of writing this article, Bitcoin Cash is being traded around $107 and BSV close to $96. In the last 24 hours, Bitcoin SV lost 4.38% and BCH increased its value 4.97% according to CoinMarketCap. (RL)

3 days ago

Cointext Allows Users to Text Bitcoin Cash Payments in 35 Countries

Cointext, a cryptocurrency wallet which allows users to send Bitcoin Cash (BCH) via SMS, recently added Ukraine and Italy to its list of countries that support SMS cryptocurrency payments. This now brings the total number of countries Cointext serves to 35 and users can send BCH through the most basic phones without needing to register or use a high-powered mobile application. As proof of this, Cointext founder Vin Armani shared pictures of people in Ukraine sending and receiving BCH by using a basic text command on a simple mobile phone. Armani explained that there are roughly two billion people with “basic feature” phones and simple crypto-payments are extremely useful in places like Ukraine which “is experiencing political instability and Italy [which] is facing a sovereign debt crisis.” Cointext provides the unbanked and people living in technologically underserved areas with a way to transact and move money quickly and without excessive fees. (RS)

4 days ago

Calvin Ayre Claims Bitcoin Cash ABC Will Be Delisted From All Exchanges

Calvin Ayre, a promoter of Craig Wright's Bitcoin cash SV published an article on his news portal Coingeek criticizing Bitcoin Cash ABC. He has called for all exchanges to delist BCHABC until they implement replay protection, and added that they've been planning to make this a mess for months. A lawsuit was filed recently against ABC promoters Roger Ver, Jihan Wu over claims of market manipulation during the fork. Without giving any evidence, Ayre said the FBI is investigating American individuals involved in the fork. Bitcoin Cash (BCH) is priced at $110.31, gaining 9.39% in the last 24 hours, while Bitcoin Cash SV (BSV) is priced at $96.38, losing 5.45%. (VS)

4 days ago

United American Corp Wants the Bitcoin Cash Fork Reversed

United American Corp has a filed a case against Bitcoin Cash leading figures in the hard fork saying they “colluded to effectively hijack the Bitcoin Cash network.” The Miami-based company says these leading figures used rented hash power to prevent chain reorgs during the BCH hard fork last month. The lawsuit was filed against Roger Ver, Bitmain, Krake, Jihan Wu, and Amaury Sechet among others. Per United American Corp, Bitmain et al. violated the Sherman and Clayton Acts, which does not allow competitors to form “trusts” in manipulating prices. The plaintiff's attorneys want action to be taken against Bitcoin ABC if the prevent the re-emerging of the resulting chains. The case was filed at Southern Florida US District Court. (KE)

4 days ago

Crypto Market Surges by $5 billion; Ethereum and Bitcoin Cash Continue to Plunge

Over the preceding 24 hours, the crypto market has added to $5 billion to its valuation, showing a slight recovery from $106 billion to $111 billion. Although the market got some respite, Ethereum (ETH) and Bitcoin Cash (BCH) continued to plummet, both losing more than 3% of their value. Today, ETH’s price dropped from $97 to $93 failing to maintain the traction it picked up yesterday. On the other hand, BCH has nosedived losing nearly 50% of its value within the past two weeks. (KE)

4 days ago

Simple Ledger Creators Publish Monthly Puzzle with BCH Treasure

In late November, the developers of the Simple Ledger protocol announced the release of Ledger Treasure. Ledger Treasure is a contest involving a puzzle that contestants must solve to win over $100 worth of BCH. On December 6, James Cramer, Simple Ledger’s developer unveiled that the winner of the first puzzle solved it by accessing funds in a unique P2SH address. He said that the winner managed to complete the task an hour after the firm published it. Cramer further cited that there are more difficult BCH P2SH puzzles on the way. (KE)

4 days ago

Bitcoin Cash (BCH) Overtakes BSV After Being Listed on Gemini

Following the recent announcement that Gemini was cleared to list Bitcoin Cash (BCH) and offer trading services, BCH has surpassed BSV in terms of price and total market cap. Trading of BCH on the Gemini will begin on Monday, December 10th, but just the announcement of this development has bolstered the support for BCH which has led to it passing BSV. BCH was also recently added to the Abra crypto trading app, further supporting its price appreciation. BCH is currently trading at $103.61 with a market cap of $1.81 billion, while BSV is trading at $97.57, with a market cap of $1.7 billion. (JF)

4 days ago

Researcher Unveils that There is a Possibility of Double Spending in Bitcoin Cash SV ‘0-Conf’ Transactions

Today, Bitcoin Cash SV experienced another squabble after a researcher demonstrated how any user could spend the same coins twice on its network through a ‘0-Conf transaction.’ BCH uses 0-Conf transactions to facilitate almost instant transactions. The user, known as ‘reizu’ showed how he succeeded in ‘double spending’ BCHSV tokens and posted the video on Vimeo. In so doing, he revealed that the BCHSV network is vulnerable to attacks. Reizu used POP!, a Point-of-Sale (PoS) application that detects double spending to film the demonstration. (KE)

5 days ago

Bitcoin SV (BSV) Passes Bitcoin Cash (BCH) in Market Cap

While Bitcoin Cash ABC looked like it was taking the lead as top exchanges assigned it the BCH ticker and Bitcoin Cash SV was forced to rebrand to Bitcoin SV (BSV) after the BCH hard fork, Bitcoin SV just officially passed Bitcoin Cash in market capitalization ($1.88 billion vs $1.78 billion) after gaining over 21% on Thursday. BSV’s volume over the past 24 hours reportedly is north of $168 million, essentially doubling BCH’s volume over the same period. Besides, Bitcoin SV is the lone gainer in a sea of red today as Bitcoin is now down more than 10%. At the press time, Bitcoin SV (BSV)is trading at $106.65, up 17.33% in the past 24 hours. (RL)

6 days ago

Roger Ver Is Optimistic On The Future Of Bitcoin Cash

In a recent interview with Bloomberg, Roger Ver, the CEO of Bitcoin.com and a promoter of Bitcoin Cash was optimistic on its future. He added that he is bullish on the overall crypto market, as there is more awareness and adoption happening all over the world. While Bitcoin Cash won the fork war, it suffered a massive crash. It went from $600 to just $121, wiping out nearly $9 billion in less than one month. Bitcoin Cash (BCH) is priced at $121.04, losing 13.13% in the last 24 hours. (VS)

7 days ago

Coin Dance: Bitcoin Miners Profit 43% More Than BSV Miners

Craig Wright and Calvin Ayre had collaborated to takeover Bitcoin Cash network with hostility with a prediction that their implementation of BCH (BSV) would be miner-friendly. Contrary to this, Coin Dance has found out that Bitcoin mining is 43% more profitable than BSV mining. Also, BCH miners gain a profit of 9.20% as compared to BTC miners. So far, BCH miners gain the most of the three significant Bitcoin iterations. Bitcoin is the most secure and decentralized and processes a block size of 4MB. On the other hand, BCH is processing about 50KB while BSV processes 13KB per block currently. (KE)

7 days ago

Nearly Every Cryptocurrency is Down 90% from it's All-Time High

Recent data from OnChainFX shows that nearly every major cryptocurrency is down by at least 90 percent from its all-time high. At the moment three-fourths of the top 10 cryptocurrencies are dealing with 90 percent losses and even Ripple (XRP), which has recently surpassed Ethereum for the second spot on CoinMarketCap, is down 91 percent from its all-time high of $3.84. Ethereum (ETH) is down 92 percent from its all-time high of $1,431 and this fact is a little confounding as recent news reports that crypto-whales have been accumulating ETH throughout the year. Bitcoin Cash (BCH) and Cardano (ADA) have taken a 97 percent drop in value since topping out near $4,329 and $1.33. Even Bitcoin has dropped 81 percent since peaking near $20,000 and at the time of writing Bitcoin can be purchased for $3,750. On a more positive note, Binance Coin (BNB) is among the top-15 best-performing cryptocurrencies, even though it is also down 73 percent from its all-time high. (RS)

8 days ago

Bitcoin.com Releases a Service that Facilitates the Generation of Customized BCH Tips

Bitcoin.com recently launched a new service that offers anyone the ability to create customized BCH tips. Users of the service can fund printed tip cards and show others that they appreciate their services through BCH tips. This system returns any unclaimed funds to the owner after a specified amount of time. Additionally, users can personalize the amount of funds in each card and the number of tips. The process of receiving the funds is also elementary as the receivers only need to follow the steps of downloading a BCH wallet. (KE)

8 days ago

GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading

GMO Coin, the digital assets trading venue owned by Japan’s GMO Internet, Inc. has reportedly made it clear that bitcoin cash ABC is its preferred choice among the two versions of the November 15, 2018, hard fork. Representatives of GMO reportedly had earlier stated categorically that BCHABC was the more recognized version of the two competing coins and as such, would be the only BCH variant available for trading on the platform. Led by Roger Ver and supported by some heavyweights in the cryptospace including Bitmain, Binance, and Coinbase, bitcoin cash ABC reportedly has some improvements that make it support “the use of oracles and cross-chain atomic contracts,” and more. At the press time, BCHABC is trading at $143.67, down 8.77% in the past 24 hours, according to CoinMarketCap. (RL)

8 days ago

Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019. Also Read: Paxful Completes Second School in Rwanda #BuiltWithBitcoin Bitcoin Evangelist to Create Stablecoin The board of directors at Grandshores Technology notified investors on Monday that Li Xiaolai has been appointed as executive director and co-CEO of the company. Known in China as a “bitcoin evangelist,” Li is said to be an experienced investor in numerous blockchain companies, including the Grand Shores Global Blockchain Ten-Billion Innovation Fund, which he helped to establish, and Inblockchain, which he also co-founded. In its announcement, the board of Grandshores Technology explained that Li will mainly be responsible for various blockchain-related projects in which the company is involved, including the establishment of a “stable digital currency system focusing on mainstream international currencies.” This refers to a yen-pegged stablecoin that Grandshores Technology plans to launch by February 2019, sources close to the company told the South China Morning Post. It is not clear why the company has chosen to focus on the Japanese currency rather than the Chinese yuan. However, it may have chosen the yen to avoid irking the Chinese central government, which might not be too happy to see a local government indirectly financing a yuan-pegged stablecoin. From Construction to Blockchain Officially incorporated in the Cayman Islands, headquartered in Singapore, and listed on the Hong Kong Stock Exchange, Grandshores Technology mainly handles building and construction projects for government agencies. It focuses on the maintenance and installation of mechanical and electrical systems, including minor repairs. In May of this year, the company announced that it had decided to expand into the blockchain business. It boasted about its electrical engineering capabilities from the construction of data centers, alluding that it was ideally suited to move into cryptocurrency mining. The company was formerly known as SHIS Ltd., but it changed its name to Grandshores Technology in August of this year. Is there really a need for so many new stablecoins? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Chinese Government-Backed Company to Launch Stablecoin by February appeared first on Bitcoin News.

9 days ago

A quick look at Bitcoin Satoshi Vision’s performance so far

Upon the close of the hash war, Craig Wright’s Bitcoin Cash Satoshi Vision token (BCH SV) began trading on the 9th of November 2018 and has since been struggling to maintain steadiness at the trading price. It is interesting to note that the Bitcoin ABC, it’s rival token is set to launch very soon. Could this affect the already fluctuating trading price of BCH SV? So far, the token has managed to stay afloat since it went live on the market. On the 9th of November when Bitcoin SV went live, the token opened at a trading price of $88.30, a decent start which later tumbled to a daily low of $50.68 and later closed at $68.75. In the next five days, the token was able to hit its overall all-time high of $243.78, although short-lived, the token didn’t drop too far from the $200 mark as it moved at $155.38 and closed even higher at $174.81. However, that trading price has since drifted to a shaky end. Bitcoin Satoshi Vision is currently the world’s 9th largest cryptocurrency according to data from coinmarketcap, and has amassed a trading volume of $70.08 Million as of present, prior to which the token was holding a whopping sum of $589 274 000 on the 26th of November, its highest trading volume so far. As of this writing, Bitcoin SV is trading at $92.95 amidst a slight loss of 2.21%. It is highly possible that the token could rally upwards to $100 and head out towards the $150 resistance level. Meanwhile, Roger Ver’s Bitcoin ABC which is soon to go live has garnered quite the support. Japanese based cryptocurrency giant GMO has announced support for the token and is set to begin Bitcoin Cash trading in the next 24hrs after the shut down prior to the hash fork. The post A quick look at Bitcoin Satoshi Vision’s performance so far appeared first on ZyCrypto.

9 days ago

Atomicpay Launches Private Beta of Digital Currency Payment Gateway

Startup Atomicpay.io announced the beta launch of its cryptocurrency payment gateway on Dec. 3, with support for six different digital assets. The payment processor eliminates third parties and allows merchants to accept cryptocurrencies in a noncustodial fashion. Also read: US Law Enforcement Wants Blockchain Surveillance Tools for Privacy Coins Developers Launch Cryptocurrency Payment Gateway The private beta version of Atomicpay will be available to a limited group of testers, but anyone who is interested can register to try it, the developers said. The founders of Atomicpay claim that the new software is a “decentralized” cryptocurrency payment processor that allows merchants to accept cryptocurrencies directly from customers in a “trustless environment.” “We process payments but we do not hold any funds and no more middlemen. Money goes directly to your wallet. You have immediate ownership and full control of your money,” the team explained during the beta launch announcement. Atomicpay supports 156 fiat currencies and offers full support for BTC’s Segregated Witness (Segwit) protocol as well. The application can be used to create a payment URL and payment buttons, while providing traditional Point-of-Sale (PoS) services. The gateway also comes with an application program interface (API) and e-commerce plugins for website developers. At the time of publication, the Atomicpay platform supported bitcoin cash (BCH), bitcoin core (BTC), bitcoin gold (BTG), litecoin (LTC), dash (DASH) and dogecoin (DOGE). In the first quarter of 2019, the developers plan to add ether (ETH) and various ERC20 tokens, alongside stellar (XLM). Atomicpay to Compete Against Free Payment Processors The payment gateway generates a new payment address for each invoice by using Hierarchical Deterministic (HD) wallet support. The service also offers a business plan for individuals and organizations that want to comply with know-your-customer requirements. In addition, the startup is offering an optional feature for cryptocurrency-to-fiat payments that automates transfers directly to local exchanges through the CCXT protocol. “The API will allow merchants to set an interval where funds will be automatically sent to the exchange, create an order from crypto to fiat and lastly request a withdrawal back to their bank,” the Atomicpay developers explained. Atomicpay does have a number of competitors, including the reigning leader of cryptocurrency payment gateways, Bitpay. However, unlike Atomicpay, the Atlanta-based company only accepts two digital currencies. The Atomicpay service is actually more similar to open-source payment processor Btcpay, as well as the Coinbase Commerce platform and Anypay Global, which produces cryptocurrency invoices that can be paid for by text message (SMS) using the Cointext application. But the main thing distinguishing Atomicpay from Btcpay, Coinbase Commerce and Anypay is that the new startup charges a fee for its services. Normal users will pay a flat rate of 1 percent to use the Atomicpay platform, while business users will pay 0.9 percent. Monthly invoice fees will be billed to users, rather than being taken from each transaction. However most payment gateways provide their services for free, which may deter some people from using the Atomicpay application. What do you think about the Atomicpay cryptocurrency payment gateway platform? Let us know in the comments section below. Disclaimer: Bitcoin.com does not endorse nor support any of these mentioned products/services. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, applications, protocols or services mentioned in this article. Images via Shutterstock, Atomicpay, and Pixabay. Want to create your own secure cold storage paper wallet? Check our tools section. The post Atomicpay Launches Private Beta of Digital Currency Payment Gateway appeared first on Bitcoin News.

9 days ago

Nasdaq and Fidelity Invest in Wall Street Cryptocurrency Exchange ErisX

In spite of the year-long bear market, Nasdaq and Fidelity are continuing their journey into the cryptocurrency market. Both institutional investors have invested in a Wall Street-friendly cryptocurrency exchange called ErisX. The Chicago-based exchange did not disclose the size of each investment but they did mention that they successfully raised a total of $27.5 million from a group of investors. The funding round also included investments from Bitmain, ConsenSys, and other crypto-sector companies. ErisX will provide spot cryptocurrency trading and futures contracts. The exchange will begin by supporting BTC, BCH, ETH, and LTC in Q2 2019 and additional cryptocurrencies could be added in the future. (RS)

9 days ago

YouHodler - Get loan in cash with your crypto as collateral

Featured - Cryptocurrencies are beginning to show their promise as a unique store of value and efficient means of transfer, yet the case for lending still hasn’t been fully proven. YouHodler aims to bring a lending solution to the market by offering cryptocurrency-backed loans that give borrowers access to fiat. Borrowers are able to get access to USD or EUR, and their loans are secured in BTC, ETH, XRP, and other popular cryptocurrencies. Cryptocurrencies are unique because they function as both a currency for everyday spending, as well as an investment that accrues value over time. However, for people who hold lots of cryptocurrencies but are also in need of funds to spend on everyday expenses, this can be a real dilemma. If they sell their crypto to spend on everyday expenses, they could potentially lose out on the value it accrues over time. YouHodler solves this problem by allowing a user with a cryptocurrency holding to borrow up to $10,000 in fiat while using some of their crypto as collateral for the loan. This solution seems to be especially useful in a bear market, where Bitcoin has hit its lowest price of the year, and most Altcoins are at or below their ICO price. This would be an ideal time for users to take out crypto backed loans and hopefully see their crypto accrue in value during the period of the loan. YouHodler offers 3 types of loans: 15-day, 30-day, and 6-month. Interest rates can be anywhere from 3% to 26%, and the loan to value ratio (the value of the cryptocurrencies held as collateral compared to the fiat loan delivered) varies from 40% to 70%. The most common reason for the 40-70% discrepancy is to mitigate the risk of a borrower’s crypto collateral losing value during the loan period. If the borrower uses 1BTC (worth $4,000) as collateral to borrow $2,000, and the price of BTC drops by 40%, it would still equal enough fiat to function as collateral for the $2,000 loan. In the event that the crypto collateral falls below 70%, YouHodler would simply request that the borrower provide more crypto as collateral. On the flipside, if the value of the cryptocurrencies goes up during the loan period, the borrower gets to keep those extra gains, which means they could end up with the same, or even more money after the loan has been repaid with interest. How it Works The process is very simple. First, the user has to verify their identity; this is done by submitting a scan of the required personal documents, a selfie, and other relevant personal information. After your identity has been confirmed, you can deposit cryptocurrencies to your account. YouHodler currently accepts Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash as collateral. Lastly, the user can borrow cash, which can be received through bank wire or credit card payments. Benefits YouHodler has developed its own fund, meaning there is no need to find a lender as in a traditional P2P model. Automated KYC/AML checks allow loans to be approved in seconds and funds are released almost immediately. Accepting Multiple cryptocurrencies YouHodler accepts BTC, ETH, LTC, BCH, XRP, and other popular cryptocurrencies as collateral Loan-to-value ratioYouHodler uses industry expertise and an advanced risk management system to assess the best Loan-to-Value and Margin Call levels. Easy Fiat Transfer YouHodler accepts all major Cards (Visa, MasterCard, Maestro, American Express, etc.). YouHodler also has bank accounts set up in Switzerland because the country is very crypto friendly. All fiat money transfers are done in accordance with all the required security protocols including PCI DSS. The company is also partnered with trusted fiat payment providers, owns its own secure wallet (crypto assets are stored in cold wallets for added security) and is integrated with leading crypto exchanges (like CEX.io and Kraken). The groups of customers who would benefit most from this service are crypto holders, traders, investors, miners, and blockchain companies. YouHodler was founded in 2018 and has its headquarters in Melford Tower, Limassol (Cyprus). The post YouHodler - Get loan in cash with your crypto as collateral appeared first on CryptoPotato.

9 days ago

Daily Berminal Brief: US Government Is Interested In Tracking Privacy Coins, And South Korea Plans On Taxing Cryptocurrencies

The State of The Market - December 4, 2018 BTC: $4,018.19 (-0.33%) XRP: $0.357694 (-0.93%) ETH: $111.91 (-1.60%) After Bitcoin crashed to $4,000 on Monday, it further crashed to $3,800 and remained there for a few hours. However, there was a strong rebound right after that, and Bitcoin is once again at the $4,000 mark. It has proven to be a strong support. However, there is also a strong resistance at $4,400, giving very little space for Bitcoin to move. Rest of the market also remains unchanged, with the market cap at $129 Billion. Bitcoin Cash (BCH) and EOS suffered the most in the last 24 hours, going down by 7% and 10%. In other news, OKEx has launched a derivative product known as Perpetual Swap trading. This mechanism will allow users to speculate the direction of crypto prices. Each swap contract will have a notional value equivalent to $100 BTC and trading will begin on December 11. Also, the difficulty to mine Bitcoin just decreased by more than 15%, the second highest drop in history, signifying that the mining hash rate has significantly declined as miners turn off their rigs. The adaptive nature of the Bitcoin network is designed so that even in times of decreasing value or declining interest, the network can remain resilient to outside attacks. 1) The US government is interested in tracking privacy coins like Zcash and Monero. A recent "pre-solicitation document" published by the Department of Homeland Security Small Business Innovation Research Program analyzes the use of cryptocurrencies like Bitcoin for transactions and also suggests that there are commercial and government use cases for cryptocurrency. The document primarily focuses on determining ways to conduct forensic analysis on privacy-oriented cryptocurrencies in situations where they may have been used for criminal activity. The DHS places emphasis on Zcash and Monero and explains that "while these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature." The document also acknowledges that new platforms could be developed with similar privacy solutions and suggests that any proposed solution should also "provide working approaches to treating new blockchain implementations." 2) Hong Nam-ki, South Korea's new Minister of Economy and Finance and Deputy Prime Minister has announced that the government is thinking about taxing cryptocurrencies and initial coin offerings (ICOs). Hong Nam-ki explained that the government will form new policies for the crypto-industry that are based on "market conditions, international trends, and investor protection issues." Hong Nam-Ki believes that new regulations must be agreed upon at the international level and pointed out that this is crucial as there are nearly 2,000 cryptocurrencies traded worldwide, while only 160 are being traded in the domestic market. At the same time, he also reaffirmed the value and importance of blockchain technology and said that authorities "will do [their] utmost to nurture blockchain technology." 3) GM, one of the world's largest car manufacturer has filed a patent to use blockchain for managing self-driving cars. According to the patent published by the U.S. Patent and Trademark Office, self-driving cars would be able to store all their data on a distributed ledger and can easily be shared with other blockchain users. Vehicles can share information on densities of vehicles in regions to be used in navigating routes. The data can also be shared with municipalities, local authorities and public facilities to securely manage other services. The patent also details a payment system to manage charges related to tolls, parking, and other fee-based services. (VS)

9 days ago

You Can Now Buy & Sell Ripple (XRP) With Skrill

The XRP community proved consistency does actually work when a bunch of requests sent to Skrill ended successfully with XRP being added to the payment platform. Known XRP advocates such as Tiffany Hayden known by her Twitter handle @haydentiff pushed for Skrill to add XRP. 'They decided to add $XRP following requests from the holders of the second largest cryptocurrency on the market. Among the appeals was @haydentiff, who is considered to be one of the most active XRP advocates' Buy and sell #crypto on the go: https://t.co/wQr6vSIND2 $BTC $BCH pic.twitter.com/70eGewIEdR — Skrill (@skrill) December 3, 2018 Skrill is a popular e-commerce business that allows payments and money transfers to be made through the internet. It paved it’s way to success through its low-cost international money transfers. Ripple technology is seen to be making the same impact with cross-border payments. Skrill allows it’s customers to buy Cryptocurrencies which include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) in an instant. The addition of XRP was tweeted by Skrill’s official Twitter handle. We're very excited to announce #XRP has been added to the list of #cryptocurrencies you can buy and sell with Skrill. Thank you to everyone who has asked about @Ripple. It's here! Sign up today: https://t.co/wQr6vSIND2 $BTC $BCH $ETH $ETC $LTC $XRP #crypto #cryptonews pic.twitter.com/AJFp8LNMDa — Skrill (@skrill) November 27, 2018 The CEO of the Skrill, NETELLER and Income Access of the parent company Paysafe Group, Lorenzo Pellegrino is a Cryptocurrency supporter. Pellegrino believes platforms like Skrill will help connect the dots between Cryptocurrencies and traditional money in an efficient and user-friendly manner. He even hinted that Skrill could develop a Cryptocurrency exchange given the number of opportunities and benefits Cryptocurrencies have. Zerocrypted Opinion Skrill is recognized to be a secure and efficient payment system, and thus adding XRP to its platform gives XRP an edge to gain trustability. XRP as of now has held its ground as the second-ranked Cryptocurrency. The market cap of XRP is $14,385,100,234 which has a vast difference compared to third-placed Ethereum which has a market cap of $11,496,260,988. However, Skrill’s addition of XRP still has not influenced the price much, as XRP at the time of writing is $0.357765. It has not been able to surpass the barrier of $0.40. One thing to learn by Skrill adding XRP is a community voice of a Blockchain and Cryptocurrency project can go a long way if it involves passionate and consistent requests. Image Source - Flickr The post You Can Now Buy & Sell Ripple (XRP) With Skrill appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

9 days ago

Nearly $500 Million in Bitcoin (BTC) Moved from 2013-2015 Wallets in 24 Hours

Twitter user @SpiryBTC has alerted his followers about 3 whale bitcoin wallets which have moved 125,000 BTC (appr. $495 million) in the past 24 hours. Enormous BTC Transfer @SpiryBTC identified the following accounts, which were opened between 2013 to 2015, that have moved huge amounts of digital currency: https://btc.com/1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX https://btc.com/198mmEcqMgmjmi4pXi48hRaZyK5GaPDmJt ... https://btc.com/1J7fmT3Wv62u4p6FuwbVJQXhQE3HiH4AQs ... The mover also transferred his bitcoin cash (BCH). At press time, it’s unclear what the account holder is trying to do with this large amount of cryptocurrency. The funds have also not yet been moved to an exchange to sell - so it does not appear that the holder is trying to dump his BTC/BCH - despite rough bear market conditions. Notably, BCH may be one of the worst hit digital currencies due to this year’s extended bear market. The bitcoin (BTC) fork, which was initiated on August 1st, 2017, had first resulted in only two cryptos which people referred to as bitcoin cash. BCH Deflating Rapidly However, when the Craig Steven Wright and CoinGeek CEO Calvin Ayre led community forked the BCH chain again - against Roger Ver et al - on November 15th, 2018 - two new blockchains: bitcoin SV and bitcoin ABC (which took the BCH ticker) have emerged. Both SV and BCH have seen poor performance in their prices and adoption since the recent fork. Today, Stellar (XLM) moved past BCH in market cap. XLM market cap stands at $2.9 billion while BCH market cap has plummeted to $2.7 billion. Institutional Players Unfazed By Market Crash Despite the market crashing, Nasdaq, the world’s second largest stock exchange, is still moving forward with its plans to launch bitcoin (BTC) futures contracts by next year. In more seemingly good news, bitcoin is trending again on Google, the /r bitcoin reddit thread surpassed 1 million subscribers, and Glassdoor reported recently that the blockchain job market is booming again. As the bear rages, real work and real projects are going on. As CryptoCoreMedia reported, a very promising new privacy coin called Pirate (ARRR) has been launched. Its mainnet went live in August this year. The world’s largest digital asset exchange, Malta-based Binance, also does not seem to be slowing down its operations due to the tough market. Instad, Binance is more bullish than ever on its outlook. In fact, just today Binance CEO Changpeng Zhao revealed that Binancechain would be launching very soon. Zhao noted: “In a couple months or so, and you will be able to issue tokens on that....I think there will be millions of coins and thousands of blockchains.” The post Nearly $500 Million in Bitcoin (BTC) Moved from 2013-2015 Wallets in 24 Hours appeared first on Crypto Core Media.

9 days ago

Paxful Completes Second School in Rwanda #BuiltWithBitcoin

Paxful, one of the largest peer-to-peer (P2P) bitcoin marketplaces in the world, is once again demonstrating how the cryptocurrency community can contribute to good causes around the world. The company has announced that the second school it has helped to finance in Rwanda has now been completed. Also Read: Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’ Giving Kids a Crucial Stepping Stone This project was funded entirely through cryptocurrency donations as a part of Paxful’s #BuiltWithBitcoin initiative, with over $100,000 raised in BTC, BCH, ETH, LTC and DASH to support construction. It is said to be the first primary school in the area that caters to kids between the ages of 6 to 15. The facility contains six classrooms, a cafeteria, bathroom stalls, solar panels and a 35,000-liter water well system. It was completed in partnership with the Zam Zam Water charity and will employ six full-time teachers. “Having proper education centers is fundamental in moving countries like Rwanda forward, while also increasing their standard of living. Education is the crucial stepping stone in serving people in developing nations improving their quality of life,” said Yusuf A. Nessary, president and founder of Zam Zam Water. “We are beyond thrilled to have partnered with Paxful in order to provide education for (the) next generation and beyond.” View this post on Instagram A post shared by Ray (@wolfgang432) on Oct 24, 2018 at 8:54pm PDT Bitcoin Is More Than a Speculative Tool Paxful, which recently reported that its monthly bitcoin volume in Africa has reached about $65 million, launched the #BuiltWithBitcoin program last year. It started by donating $50,000 in bitcoin to build its first nursery school in Rwanda, with plans to fund and build 100 schools across Africa. Earlier this year, the company also granted academic scholarships to a couple of female Afghan refugees in the U.S. “We encourage the cryptocurrency sector to contribute more to humanitarian projects. The #BuiltWithBitcoin initiative is an example of bitcoin being used as more than a speculative tool, but a testament to the usefulness of cryptocurrency,” said Ray Youseff, the CEO and co-founder of Paxful. “To date, we have built two schools — a nursery and a primary school in Rwanda, Africa — and provided scholarships to Afghan refugees, and plan to continue these philanthropic ventures.” View this post on Instagram #builtwithbitcoin school number 2 is on the way! A primary school in #rwanda next to the first school a nursery! #bitcoin for the epic win! @gopaxful #cryptocurrency #blockchain @zamzam.water and @yusufnessaryare the heros here! A post shared by Ray (@wolfgang432) on Sep 18, 2018 at 1:59am PDT Do you know any other crypto-friendly charities? Tell us about them in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Paxful Completes Second School in Rwanda #BuiltWithBitcoin appeared first on Bitcoin News.

9 days ago

EOS down by over 10% after flash crash; Bitcoin Cash [BCH] continues on downward spiral

The market opened today, December 4, with a lot of major cryptocurrencies succumbing under to the bear’s pressure. Bitcoin [BTC], Bitcoin Cash [BCH] and EOS, which were all enjoying a bullish slide last week, were the biggest losers within the top-ten cryptocurrency club. A cryptocurrency that is undergoing a massive slide was EOS, as the sixth-largest cryptocurrency fell by 15.18% at the time of writing. EOS was trading for $2.41, with a total market cap of $2.181 billion. The cryptocurrency’s $795.458 million market volume was majorly split between DOBI trade and OKEx. EOS 24-hour chart | Source: CoinMarketCap DOBI trade held a major share of the EOS trade, with the cryptocurrency exchange handling $115.89 million of the entire volume. DOBI trade was closely followed OKEx, which handled $87.967 million of all EOS trade. EOS had also made news recently when EOSBet, a popular decentralized gambling application, acquired accreditation from one of the world’s oldest online gambling regulators. EOSBet manager Frej said: “We’ve worked relentlessly to make this license succeed and we will continue to strive to be the standard for smart casinos”. At the time of writing, Bitcoin Cash [BCH] was falling at the rate of 5.04% with a total market cap of $2.746 billion. The cryptocurrency was trading for $157.03 with a 24-hour market volume of $75.578 million. A majority of the cryptocurrency’s market volume was held by Upbit, with a grasp of $8.502 million of the total BCH trade. Upbit was closely followed by Huobi, on which $7.115 million of BCH trade took place. Bitcoin Cash 24-hour chart | Source: CoinMarketCap Bitcoin Cash’s fall had started since the hard fork that took place on November 15, splitting the original Bitcoin Cash into two tokens: Bitcoin ABC, which is considered as Bitcoin Cash right now, and Bitcoin SV. The post EOS down by over 10% after flash crash; Bitcoin Cash [BCH] continues on downward spiral appeared first on AMBCrypto.

9 days ago

The Daily: 29% of Freelancers Want to be Paid in Crypto, Asian Exchanges Fake Volume

Today’s edition of The Daily covers everything from hardware wallets to fake volume on cryptocurrency exchanges. But to kick-start proceedings, we’ve got the first report on a survey in which a surprising proportion of freelancers express an interest in being paid in cryptocurrency. Also read: Swiss Crypto Valley Association Leadership Steps Down After Governance Review US Freelancers Express Interest in Crypto Payments P2P platform Humans.net has commissioned a survey into the payment preferences of American freelancers. It quizzed 1,100 U.S. citizens to determine their amenability to being paid in bitcoin or other cryptocurrencies, with 18 percent expressing a clear preference for digital currency payments over fiat currency. Among those questioned were self-employed professionals such as tutors, designers and developers. Given that the respondents were drawn from across the gig economy and were not prescreened for cryptocurrency interest, the 18 percent statistic can be taken as evidence of growing interest in bitcoin. An additional 11 percent of those surveyed stated that they would like to receive partial payments in cryptocurrency, making a total of 29 percent of freelancers who would be happy to receive crypto. Ellipal and Ledger Wallets Get an Upgrade The software that powers cryptocurrency hardware wallets is regularly updated to incorporate new features and coin additions. Ellipal, whose wallet we reviewed a few weeks back, has just had its firmware refreshed. “The Cold Wallet 2.0,” which ships from Hong Kong, now supports XRP, DGB, LTC, DASH, ETC, USDT and CMT, in addition to existing cryptos BTC, BCH and ETH. The accompanying Ellipal smartphone app has also been upgraded, with an improved UI and a new digital assets overview page. Meanwhile, Ledger has updated its Nano S wallet to support monero (XMR). Storecoin Launches Governance Peer Review It’s not uncommon for cryptocurrency projects to seek peer review of their technical papers. Zero-fee payment protocol Storecoin has narrowed in on a highly specific facet of its forthcoming blockchain however — governance. In addition to establishing a Governance Peer Review & Working Group, the project is soliciting community feedback on the trade-offs it has proposed in order to settle upon a workable system of governance. “We believe that the only governance model that can function at global enterprise scale without returning to centralization or descending into the volatility of mob rule is a checks-and-balances based system,” concludes its public peer review document. Coinbit and GDAC Accused of Manipulating Volume Coinbit and GDAC, two South Korean exchanges that launched during the summer, have joined the growing list of Asian platforms that Crypto Exchange Ranks (CER) accuses of fake volume. Inflating trading figures is a way that some exchanges game the system, placing them higher in Coinmarketcap’s top 100 exchanges by reported volume. Coinbit currently places fourth, with around $600 million of cryptocurrency supposedly traded in the past 24 hours, while GDAC occupies the 53rd spot. “Since GDAC’s trade fees are 0 percent the exchange redistributes its tokens ‘based on contribution for buy orders’ and calls it a ‘Purchase Contribution Air Drop,’ but the principle is the same as trans-fee mining,” explains CER. It also notes that in mid-November, Coinbit claimed the top spot on Coinmarketcap by reported volume, placing it ahead of Binance and Bitmex. Transaction fee mining exchanges remain highly controversial, with CER having previously taken platforms like Bitforex and Fcoin to task for similar practices. When Coinmarketcap’s exchanges are ranked by adjusted volume rather than reported volume, it’s no surprise that Coinbit and GDAC fall out of the top 100. What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: 29% of Freelancers Want to be Paid in Crypto, Asian Exchanges Fake Volume appeared first on Bitcoin News.

9 days ago

Crypto Arbitrage Today: XLM, ZEC, BTG, BCH, TRX, DOGE

In the world of cryptocurrency, making money is most people’s primary objective. There is nothing wrong with that approach, as this innovative industry lets anyone in the world make a living. Arbitrage opportunities can easily serve as an additional source of income, even though there are also those who want to rely on this concept as a way to make a living full-time. The following six options show how easy it is to make money, although there is some work involved. Monero (Bittrex / Bitfinex / HitBTC) There are quite a few interesting Monero arbitrage opportunities to take note of today. Unlike most previous options, the Kraken exchange only provides one opportunity. Instead, the attention is shifting toward Bittrex and Bitfinex, as both platforms - alongside Kraken - have a lower XMR price compared to HitBTC. Exploring this particular price gap can yield traders an easy 2% profit, although the gains can be as high 4% depending on which platform one buys from. ZCash (CEX / Bittrex / HitBTC) The arbitrage opportunities involving ZCash are somewhat similar to Monero, as it involves selling the coins on HitBTC for a big profit. Buying ZEC on Cex, Bittrex, and Bitfinex lets users earn a healthy profit of roughly 2.5% on average. As such, ZEC is one of the bigger options to explore in this regard, although the gap may not necessarily remain in place for much longer. After all, prices on HitBTC will usually recover pretty quickly. Bitcoin Gold (CEX / Bitfinex / HitBTC) It is quite interesting to see so many different arbitrage opportunities involve the HitBTC exchange right now. Considering how this exchange has usually a lot of volume, it seems to be a matter of time until all of these gaps are closed off. Until then, buying Bitcoin Gold on CEX or Bitfinex will let users score a 3% profit when selling it on HitBTC. A very interesting opportunity to look into. Tron (Koineks / Binance / HitBTC) A lot of exciting opportunities are available when it comes to Tron. The TRX value on HitBTC is significantly higher compared to other exchanges. Platforms to watch right now include Koineks, Bitfinex, Binance, and KuCoin. Buying TRX there and selling it on HitBTC can yield profits of 1.8% all the way up to 3%. A juicy opportunity, all things considered. BCHABC (Vebitcoin / Binance) It has been relatively quiet on the BCHABC / BCH front over the past few days. Considering how the network upgrade disrupted so many things, it will be interesting to see what the future holds in the price department. Right now, there is an arbitrage gap between VeBitcoin and Binance, which can yield traders a quick profit of 1%. It is not the biggest gap by any means, but one has to keep in mind all opportunities need to be taken into account. Dogecoin (Koinim / Koineks / HitBTC) It is always good to see a Dogecoin arbitrage opportunity present itself. Not just because Dogecoin has been one of the more stable currencies on the market today, but also because it has plenty of trading volume across all exchanges. Buying DOGE on KKoinek or Koineks and selling it on HitBTC will result in a profit of 1.6% up to 3$. A pretty interesting gap to explore, although these percentages will not necessarily remain in place that much longer. Information provided by Arbing Tool. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: XLM, ZEC, BTG, BCH, TRX, DOGE appeared first on NullTX.

9 days ago

Bitcoin by Design; Falling Difficulty and Hashrate Makes Mining Easier

With all the doom and gloom being published about Bitcoin at the moment it is often hard to overlook how it has been designed. When prices plummet, hashrate and mining difficulty follow suit as the blockchain operates exactly as it has been designed. The mainstream merchants of doom are almost rubbing their grubby hands together with glee as Bitcoin falls to new yearly lows and drops over 80% from its all-time high. Stories of mining farms closing down due to non-profitability have added fuel to the fire. Even established finance websites such as Marketwatch are running headlines of despair and crypto worthlessness. According to that opinion piece Bitcoin is getting close to the point where it becomes worthless claiming that a fall in price to below the cost to mine will render the digital currency redundant. However with the falling price comes a decline in difficulty as highlighted by charts on Blockchain.info. The 15% fall in difficulty shows the ease at which miners can find a new block, which hashrate, which has fallen by the same amount shows the amount of computing power required to make the calculations. At the time of writing the hashrate has fallen to just below 32 million TH/s. As powerful mining machines such as Bitmain’s Antminer S9 shut down due to power consumption costs there is less computing power in the mining pool which will reduce the difficulty. Some observers have noted that this has been the biggest fall in Bitcoin history. #Bitcoin just had its second largest drop in mining difficulty in history: -15.1%. This is the current ranking: 2011-nov-01: -18.0%2018-dec-03: -15.1%2011-oct-16: -13.1%2012-dec-27: -11.6%2011-mar-26: -9,5%2013-jan-26: -8.6%2011-dec-01: -8.5%2012-may-25: -9.2% — Fernando Ulrich (@fernandoulrich) December 3, 2018 This fall has come a year after the biggest rise in Bitcoin history so things are ironing themselves out in the ecosystem and the blockchain is behaving as it was designed to. The fall makes it more profitable to mine Bitcoin than some of the other cryptocurrencies. This may open the doors to new miners and reduce the power of the conglomerates such as Bitmain. As previously reported by ETW Bitcoin miners are now switching to alternatives such as BCH or BSV. The recent ‘hash war’ between the rival groups and attempts to entice BTC miners over to their camp no doubt had some influence over the recent market rout which dropped prices by almost 40%. Things will eventually balance themselves out in the Bitcoin network, it will find a bottom, probably stay there for quite a while then, according to many industry observers, rally again sometime around the middle of next year. The post Bitcoin by Design; Falling Difficulty and Hashrate Makes Mining Easier appeared first on Ethereum World News.

9 days ago

Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150

Key Points Bitcoin cash price broke the $170 and $165 support levels plus extended losses against the US Dollar. There is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a lot of pressure and it could decline further below $150. Bitcoin cash price faced an increased selling pressure below $175 against the US Dollar. BCH/USD could even break the $150 support level and trade towards $130. Bitcoin Cash Price Analysis After failing near the $175 resistance, bitcoin cash price started a fresh decline against the US Dollar. The BCH/USD pair extended declines recently and broke the $170 and $165 support levels. The price is now trading well below the $170 level and the 100 hourly simple moving average. Earlier, there was an upward move, but the price failed to break the $175 and $180 resistance levels. During the recent decline, the price broke the $160 support and traded as low as $154. The price is currently consolidating above $150 and it is preparing for the next move. An initial resistance is the 23.6% Fib retracement level of the recent decline from the $176 high to $154 low. However, the main resistance is near the $170 level. Moreover, there is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $176 high to $154 low. Looking at the chart, BCH price is likely to break the $154 low and if sellers gain strength, they may even break $150. The next major support below $150 is near the $130 level. Looking at the technical indicators: Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for BCH/USD is now below the 40 level. Major Support Level - $155 Major Resistance Level - $170 The post Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150 appeared first on NewsBTC.

9 days ago

Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom

Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the buying and selling of BTC, BCH and XRP. Also read: Report: Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy Complying With KYC/AML Requirements “Being fully registered ... is an important step in our goal to provide globally compliant digital currency trading for both institutional and retail traders,” Todd Crosland, chief executive officer of Coinzoom, said in an online statement. Austrac, as the Australian Transaction Reports and Analysis Centre is commonly known, is a state-run financial intelligence agency that monitors financial transactions for evidence of money laundering, organized crime, tax evasion, fraud and terrorism. At press time, the regulator had not responded to a request for comment. When Coinzoom Australia launches in the first quarter of 2019, traders will be expected to “fully” comply with the know-your-customer and anti-money laundering requirements of both the Australian and U.S. financial regulators, said Crosland. The unit of U.S.-based Coinzoom Inc. claims that the platform, which caters to local and international investors, “will provide a simple and easy one-stop user experience to link their credit card, bank account and cryptocurrency wallets.” It adds that Coinzoom “also offers customers a pattern recognition system, rewards debit card, and social trading capabilities.” Todd Crosland Coinzoom Inc. describes itself as “an institutional grade digital currency-trading platform” that supports the trade of virtual currencies such as bitcoin, bitcoin cash, ripple and ether. The company claims it is registered as a money services business in all 50 U.S. states. It says it is also in the process of acquiring remittances licenses in states where they are required and has already secured them in states such as Florida, Iowa and Maryland. The remittances licenses allow Coinzoom to transfer funds or offer crypto-based payment services. Cryptocurrency Hub Australia aims to become a cryptocurrency leader. In September, Travelbybit, a Brisbane-based startup, revealed that it had received state funding to enable it to transform the city into a cryptocurrency hub. The company says it will use the funds to develop technologies that allow visitors to Brisbane to pay for their travel expenses in virtual currencies such as bitcoin or bitcoin cash. In June, Agnes Water — a coastal town in the Australian state of Queensland — claimed it had become the country’s “first digital currency town,” where transactions and payments are denominated in crypto. And a recent survey by Hiveex and Ivypay indicated that about 2.58 million Australians now own cryptocurrencies of some form, with more than 2,500 bills paid in virtual currencies in the country every month. “Coinzoom’s vision is to provide global cryptocurrency traders with innovative trading technology, and world-class digital asset security, all while following the U.S. and global regulatory requirements,” said Crosland. What do you think about KYC/AML requirements as a precondition for cryptocurrency trading? Let us know in the comments section below. Images courtesy of Shutterstock and Coinzoom. Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com. The post Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom appeared first on Bitcoin News.

10 days ago

Japanese Exchange GMO Coin will Resume Bitcoin Cash Trading on ABC's Network

According to a report from Finance Magnates, Japanese cryptocurrency exchange, GMO Coin will restart trading for Bitcoin Cash (BCH) using the BCH-ABC blockchain. The exchange announced that BCH / JPY will resume on December 4 after being temporarily paused to “avoid the disruption” caused by the BCH hard fork. The general consensus by the crypto-community is that BCH-ABC won the hard fork war and at the moment many exchanges have not opened deposits and withdrawals for Bitcoin Cash-SV. (RS)

10 days ago

Markets Update: Falling Cryptocurrencies Wipe Out Last Week’s Gains

Cryptocurrency markets have seen losses over the last 24 hours and since our last markets update five days ago. Since then, most of the top cryptocurrencies have been moving sideways in a tight consolidated pattern. At the moment, the market capitalization of the entire digital asset economy is valued at roughly $125 billion and markets are seeing around $13.4 billion in global trade volume. Also read: New Software Copernicus Has Mined Its First Bitcoin Cash Block Cryptocurrency Markets Drop in Value Once Again It’s another day of trading within the digital asset economy as traders patiently wait for cryptocurrencies to make the next big market move. Prices are lower today after bulls attempted to move higher a couple of times over the weekend. This Monday, Dec. 3, the top 10 digital currency markets are down 3-11% over the last 24 hours. Bitcoin core (BTC) markets are down 6.5% today but are still up 0.87% over the last seven days. At the time of publication, one BTC is being swapped for $3,889 and the currency’s overall market valuation is just above $67 billion. Ripple (XRP) still commands the second position among the top digital assets and one XRP is trading for $0.35. The third largest capitalization, held by ethereum (ETH), is down 7.3% today. Ethereum has an average price of $108 per coin and an overall market valuation of $11.2 billion. Stellar (XLM) has managed to capture the fourth spot from bitcoin cash (BCH) but is down 6.7% over the last 24 hours. One XLM is being swapped for $0.15 per coin and the market is still up over 2% for the entire week. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) markets are down 7.2% over the last day and have lost over 15% this week as well. One BCH is trading for roughly $155-165 per coin and is down to its lowest value in over a year. At the moment, BCH markets have a capitalization of around $2.8 billion and global trades this Monday are capturing $67 million. BCH trade volume is significantly lower than usual because it was roughly $120 million five days ago. This has put BCH in the 15th position, when it once commanded fifth position in 24-hour trade volume for weeks on end. Ethereum is dominating BCH trades this Monday by 63% out of all bitcoin cash swaps worldwide. This metric is followed by trading pairs like BTC (24%), USDT (8.9%), JPY (1.7%), and the KRW (1%). BCH/USD Technical Indicators Looking at the BCH/USD charts shows bulls have a ton of work to do in order for the price to gain some more upward momentum. Technical indicators still point toward the downside, looking at the four-hour interval during this afternoon’s trading sessions. The two common Simple Moving Averages (SMA) have a much wider gap now, with the long-term 200 SMA well above the short-term 100. This indicates the path toward the least resistance is still down rather than up and markets have been showing this data play out in real-time. The Relative Strength Index (RSI) oscillator also shows BCH markets are still oversold but it is not as extreme as RSI levels two weeks ago. Looking at order books shows bulls have to press past the current vantage point and other sell walls all the way up to $225. If buyers can manage to get the price that high, then there seems to be some smoother seas after that. However, things are looking bearish, and if the bears continue to claw prices down, they will be stopped by buyers temporarily between now and $130. The Verdict: An Elusive Search for Benchmark Prices Plenty of traders thought the last spike was merely a ‘dead cat bounce’ and prices have plunged significantly over the last six hours. More optimistic individuals continue to believe cryptocurrency prices will rebound by the year’s end. With the price of bitcoin core (BTC) below the $4K mark, many digital asset enthusiasts are wondering when the market bottom will appear. The founder of the cryptocurrency data web portal Cryptocompare, Charles Hayter, thinks a price indicator will arise from the current storm. “Bitcoin has been correlated to its hashrate and with it now falling, so is the price,” explained Hayter last Tuesday. “The idea is that the hash rate gives some idea of what underlying opex and capital costs people are willing to utilize to generate bitcoin and give it a benchmark price.” Where do you see the price of BCH, BTC and other coins heading from here? Let us know in the comments below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, and Satoshi Pulse. Want to create your own secure cold storage paper wallet? Check our tools section. The post Markets Update: Falling Cryptocurrencies Wipe Out

10 days ago

Europe is Leading the Crypto-Revolution by Supporting Crypto Exchange-Traded Products

As the U.S. Securities and Exchange Commission continues to linger on whether or not a Bitcoin exchange-traded fund is worthy of approval, Europe has marched forward and given its support to derivative-based cryptocurrency financial products. Most recently, Switzerland’s SIX Swiss Exchange launched a multi-crypto-based exchange-traded product (ETP) which allows investors to trade BTC, XRP, ETH, BCH, and LTC. SIX Swiss Exchange is Europe’s fourth-largest exchange with a market capitalization of $1.6 trillion. The Nasdaq Stockholm also has two Bitcoin trackers (XBT Bitcoin Tracker One and XBT Bitcoin Tracker Euro) that have been in operation since 2015. Since listing, the fund has attracted more than $1 billion and there are planned launches of new versions in Denmark, Latvia, Finland, and Estonia. Meanwhile, regulators in the U.S have failed to approve any Bitcoin exchange-traded products and with the exception of CBOE and CME Bitcoin futures, SEC Chairman Jay Clayton has already intimated that the SEC has no intention of approving a Bitcoin ETF any time soon. (RS)

10 days ago

Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill

In today’s edition of The Daily, we look at the effect of cryptocurrency on video gaming, banking laws and popular media. A leading PC manufacturer wants to enable gamers to mine, a U.S. state has passed a bill to create dedicated financial institutions for cryptocurrency startups, and Bitcoin is on TV again. Also Read: G20 Leaders Declare Commitment to Regulate Crypto Assets Asus Teams Up With Mining Startup Asus has announced a new strategic partnership with Quantumcloud, a startup that wants gamers to use their idle graphics cards to mine cryptocurrency. The graphics card maker can leverage its large user base of clients as a distribution partner for the app. Quantumcloud claims to be different than other mining apps by focusing on data security and ease of use. It promises to protect user data and comply with the EU’s General Data Protection Regulation (GDPR) regulations. It does not require users to create new accounts for the app, as they can log in with their existing accounts on Paypal or the popular Chinese messaging app Wechat. Wallet management, cryptocurrency mining mix, currency conversions and fiat transfers are also integrated into the back-end of the software. Wyoming Adopts Crypto Banking Bill Members of the Wyoming State Legislature have passed a bill that sets the stage for the creation of dedicated financial institutions to provide services to cryptocurrency companies. The legislation is meant to help with the establishment of crypto companies in the state, as they often struggle to secure financial services from traditional banks. The bill talks about creating “special purpose depository institutions,” as news.Bitcoin.com reported when it was drafted. They could be licensed as money transmitters in Wyoming and provide exchange services for both cryptocurrency and fiat funds. Each institution would have to open a branch in the state and operate within the federal banking system. Clients would be obliged to maintain 100 percent cash reserves to match their digital money accounts, and hold a minimum balance of $100,000 in fiat or cryptocurrency. Cryptocurrency Featured on Jeopardy Bitcoin is appearing more and more in popular culture outside the news media, including references in rap music lyrics and TV shows. The latest example is the inclusion of “Cryptocurrencies” as a category on a recent episode of trivia game show Jeopardy. According to commenters on Reddit, the Jeopardy contestants waited until the end to pick the category, but all of them answered correctly. If you want to test your basic knowledge of the subject, the clues were: An altcoin is any unit of cryptocurrency other than this original one; A lawsuit from this rapper killed off the Coinye currency; Each transaction is a “block” connected in these digital ledgers that enable cryptocurrencies to work; This three-letter chat app created its own currency, the very similarly named KIN; In 2018, this South American country launched the Petro, a currency backed by oil reserves. What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill appeared first on Bitcoin News.

10 days ago

Litecoin [LTC], Cardano [ADA] rise from the ashes as Bitcoin Cash [BCH], EOS crash and burn

Litecoin and Cardano are the only well-performing cryptocurrencies in the last week, as LTC was up by 5% and ADA was up by 8.6%, even as Bitcoin Cash and EOS slumped by a massive 11.67% and 14.05% respectively. In the seven-day time frame, LTC prices look like they are having a massive volatility induced roller-coaster ride. The prices started trading at $31.42 on November 26, 16:32 UTC and fell down to $28.62 in a couple of hours. Source: CoinMarketCap The market cap followed the same trend and fell down by $100 million. From this point, Litecoin witnessed nothing but a bull run for three days and reached a peak of ~$36 in the mentioned time frame. The prices post this remained more or less the same and it is currently trading at $33. Cardano, on the other hand, is doing better than Litecoin as it is up by 8.66% in the seven-day time frame. ADA, like Litecoin, started trading on November 26 at a $0.0378 and dipped as low as $0.0341. The prices skyrocketed by a massive 16.05% to reach $0.0441, post which, the prices tried another bull run which stopped at $0.00445. Source: CoinMarketCap Eventually, the prices decreased to $0.3771 and are currently trading at $0.040 with a market cap of $1.04 billion. The prices of EOS, unlike LTC or ADA, started high i.e.,$3.35, but the prices fell into the bear’s pit and reached $2.92. The market cap at this point reached $2.65 billion. The prices tried a comeback but the energy extinguished at $3.37 and the prices tumbled down from here on and reached $2.84 and stayed more or less the same. Source: CoinMarketCap EOS is currently trading at $2.84, with a market cap of $2.5 billion. Bitcoin Cash, the much-talked-about cryptocurrency in the past month due to the hard fork, has suffered a massive meltdown of 11.67%. The prices for BCH started trading at $214.52 and the market cap at $3.74 billion. The prices slid down reaching $175.95 and stayed the same until the end with volatility escaping the market for BCH. The current price of BCH is holding steady at $167.95. Source: CoinMarketCap Bitcoin Cash was recently overtaken by Stellar Lumens [XLM], as a result, Bitcoin Cash is currently the fifth-largest cryptocurrency, instead of the fourth-largest cryptocurrency. The post Litecoin [LTC], Cardano [ADA] rise from the ashes as Bitcoin Cash [BCH], EOS crash and burn appeared first on AMBCrypto.

10 days ago

Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency

A new Russian online marketplace that allows users to buy and sell goods and services priced in cryptocurrency has rapidly expanded in recent months. The Mentalmarket website has been publishing a growing number of ads in a dozen categories, from “cryptoindustry” to “real estate.” Also read: Russian Miners Sell Their Equipment Amid Market Plunge Audis Sold for Digital Coins Mentalmarket looks like any other website with classified ads, but all of its items are priced in cryptocurrency. The platform supports payments in major coins such as bitcoin core (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC), zcash (ZEC), Ripple’s XRP and dash. Prices are also displayed in U.S. dollars for convenience. The marketplace has been gaining popularity among Russian crypto enthusiasts with a growing assortment of products and services. Users can buy almost anything — from mining hardware and bitcoin ATM devices to plots of land around Moscow and a hotel in Sochi. A farmer from Tashkent even sells sheep at 0.074 BTC a head. An Audi dealer in Saint Petersburg, Russia’s second-largest city, recently posted a number of ads on Mentalmarket. “You can now buy any Audi model with cryptocurrency,” Kirill Skotnikov, Mentalmarket’s CFO, announced. Some of the more expensive models are selling for over 35 BTC, while an Audi A3 costs around 230 ETH. Skotnikov is convinced that the limited number of everyday use cases is one of the reasons for the current downward trend on crypto markets and the bias against the technology. Quoted by the Russian news outlet Blockchain 24, he said: Our mission is to make the daily use of cryptocurrency as familiar and simple as using bank cards by offering a wide range of goods and services and providing the infrastructure to simplify the interaction with cryptocurrencies for a large number of users. How to Use Mentalmarket Mentalmarket publishes ads from residents of the Russian Federation and other countries in the Commonwealth of Independent States (CIS). Users can log in to the platform if they have a Telegram account. They need to send “start” to @MentalMarket_Bot to request an authorization code, then click “Login via Telegram” on the Mentalmarket website before entering the code. The online marketplace does not charge any fees when buyers and sellers contact each other directly on the platform. And users are not required to exchange their cryptocurrency to fiat money in order to make payments. In addition, the startup is currently developing a feature called “Secure Deals” to offer intermediation services. The parties to such deals would not need to meet or transact directly and would benefit from additional guarantees. Mentalmarket also plans to introduce a rating system for all sellers. This would allow buyers to be more confident in the quality of the goods and services they purchase. Sellers, on the other hand, will be able to take advantage of the opportunity to build additional sales channels to reach a growing number of cryptocurrency users. The platform has strict requirements regarding the content of the ads. Unlike darknet marketplaces, Mentalmarket does not facilitate the sale of any items that would be considered illegal in the countries in which it operates. The blacklist includes drugs, alcohol and tobacco products, as well as precious metals and databases with personal or corporate information. Cryptocurrencies are not yet regulated in Russia and in most countries from the post-Soviet space. Nevertheless, their popularity has continued to increase in recent years. A number of platforms now offer exchange services to Russian speakers. And projects such as Mentalmarket are responding to growing demand for opportunities to spend digital money without converting to fiat. Do you think platforms such as Mentalmarket can help accelerate the adoption of cryptocurrencies? Share your thoughts on the subject in the comments section below. Images courtesy of Shutterstock, Smartmockups. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency appeared first on Bitcoin News.

10 days ago

XRP Holders Finally Made Skrill Add the Second Largest Crypto to the Platform

CoinSpeaker XRP Holders Finally Made Skrill Add the Second Largest Crypto to the Platform Though the crypto market is not on the rise, it doesn’t mean that cryptocurrencies have quitted the game for mass adoption. Especially, when such a giant among internet payment systems as Skrill continues to support them. Skrill and Cryptocurrencies According to the recently made announcement, Skrill has added XRP to the list of the cryptocurrencies that it currently supports. Such a decision has been taken by the company following a number of requests received from the supporters of XRP which is now the second largest cryptocurrency in the market. Skrill has informed their users about their new step via Twitter. The posted tweet states: “We’re very excited to announce XRP has been added to the list of cryptocurrencies you can buy and sell with Skrill. Thank you to everyone who has asked about Ripple. It’s here!” XRP is not the first crypto added to the platform. It has become the fifth listed cryptocurrency be Skrill. Earlier, the company has already launched trading in four other highly-demanded digital currencies. Trading in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) is already available for Skrill users. Earlier, speaking about cryptocurrencies, Lorenzo Pellegrino, the CEO of Skrill, NETELLER and Income Access, at Paysafe Group said: “The world of cryptocurrency trading is exciting and dynamic. And hence our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future.” He also added that their platform could be a good place to start working with cryptocurrencies for those who want to experiment with this class of digital assets but do not have enough understanding how it can be done. Market Reaction Though XRP listing on Skrill is a big move for the community, it hasn’t managed to influence the current XRP price. At the press time, XRP is traded for $0.36 having lost nearly 2.7% over the last 7-day period. XRP is currently the second largest cryptocurrency with a market cap of over $14.5 billion. Nevertheless, for several weeks already the bearish trend has been preventing it from reaching the mark of $0.40. It’s also worth mentioning that a week ago it was revealed that a well-known cryptocurrency exchange Coincheck, that had suffered a major crypto theft in the history, was planning to resume trading pairs for XRP. Without any doubts, it’s positive news not only for the customers of Coincheck but also for the entire XRP community. Among other issues for discussions about XRP is a row of huge XRP transactions sent to one address. The reasons are not disclosed. Nevertheless, the community believes that it could be a purchase of a big institution or Ripple’s attempt to unload a huge amount of their assets. To learn more about XRP coin, Ripple company and their innovative solutions, please check out our awesome guide. XRP Holders Finally Made Skrill Add the Second Largest Crypto to the Platform

10 days ago

Crypto Equilibrium: $130bn Already Feels Like The New Normal

The crypto market opened today at an unspectacular $130bn. Roughly in line with where it had been throughout the past week. Stability is welcome after a two-week bloodbath. But will they remain where they are for the rest of the year? Has the crypto market reached a new equilibrium? Prices have yet to settle, but this is the most stable the market has been for the past weeks. From its low yearly low of $115bn, where it fell to last Sunday, the market reached back to $130bn quickly. Although it suffered a slight dip to $119bn on Tuesday, and even briefly touched $140bn later that same week, the market has always reverted back to the $130bn mark. A new crypto market equilibrium? This is nothing new for many traders. Between early September and the beginning of November, the total value of the market hovered at approximately $210bn. There were, of course, moves both ways but the general range rarely expanded further than $15bn: between $200bn and $215bn. The cap briefly shot up once to above $220bn in late September, as the excitement surrounding XRP took the token into second place, ahead of Ether (ETH). Goldman Sachs shelving its BTC trading desk, and a mass-sell off of ETH as the ICO market declined, led to the market falling to a low of $188bn. Bitcoin (BTC), which since the middle of August has made up more than half of cryptocurrency’s total value, rarely strayed from roughly $6,400. The coin’s movements were steady enough that many investors used it as a stable store of value. Although it crashed through most of its support levels during the Bitcoin Cash (BCH) hard fork, the coin has begun to stabilize, albeit at the $4,000 mark. This suggests the market has reached a new equilibrium, with buyers and sellers trading at a new guide price. The same is not quite true for the other coins. XRP’s market cap is still fluctuating anywhere between $14.5bn and $16bn, around 9% of its average value. Although the coin was more volatile at the beginning of the week, the same is true for Ether. It had a relatively tight range over the weekend but dropped by approximately $300m earlier today. Stellar Lumens (XLM), which is now the fourth largest cryptocurrency by market cap, has dropped, also by $300m, over the course of the weekend. Prices may slowly be beginning to settle, but it is still too early to tell. Bitcoin’s movements are generally more conservative compared to those of other tokens. A crypto market equilibrium is not yet firmly established. One move either way could send coin prices back up in the air again. The author is invested in BTC and ETH, which are mentioned in this article. The post Crypto Equilibrium: $130bn Already Feels Like The New Normal appeared first on Crypto Briefing.

10 days ago

The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill

In today’s edition of The Daily, we look at the effect of cryptocurrency on video gaming, banking laws and popular media. A leading PC manufacturer wants to enable gamers to mine, a U.S. state has passed a bill to create dedicated financial institutions for cryptocurrency startups, and Bitcoin is on TV again. Also Read: G20 Leaders Declare Commitment to Regulate Crypto Assets Asus Teams Up With Mining Startup Asus has announced a new strategic partnership with Quantumcloud, a startup that wants gamers to use their idle graphics cards to mine cryptocurrency. The graphics card maker can leverage its large user base of clients as a distribution partner for the app. Quantumcloud claims to be different than other mining apps by focusing on data security and ease of use. It promises to protect user data and comply with the EU’s General Data Protection Regulation (GDPR) regulations. It does not require users to create new accounts for the app, as they can log in with their existing accounts on Paypal or the popular Chinese messaging app Wechat. Wallet management, cryptocurrency mining mix, currency conversions and fiat transfers are also integrated into the back-end of the software. Wyoming Adopts Crypto Banking Bill Members of the Wyoming State Legislature have passed a bill that sets the stage for the creation of dedicated financial institutions to provide services to cryptocurrency companies. The legislation is meant to help with the establishment of crypto companies in the state, as they often struggle to secure financial services from traditional banks. The bill talks about creating “special purpose depository institutions,” as news.Bitcoin.com reported when it was drafted. They could be licensed as money transmitters in Wyoming and provide exchange services for both cryptocurrency and fiat funds. Each institution would have to open a branch in the state and operate within the federal banking system. Clients would be obliged to maintain 100 percent cash reserves to match their digital money accounts, and hold a minimum balance of $100,000 in fiat or cryptocurrency. Cryptocurrency Featured on Jeopardy Bitcoin is appearing more and more in popular culture outside the news media, including references in rap music lyrics and TV shows. The latest example is the inclusion of “Cryptocurrencies” as a category on a recent episode of trivia game show Jeopardy. According to commenters on Reddit, the Jeopardy contestants waited until the end to pick the category, but all of them answered correctly. If you want to test your basic knowledge of the subject, the clues were: An altcoin is any unit of cryptocurrency other than this original one; A lawsuit from this rapper killed off the Coinye currency; Each transaction is a “block” connected in these digital ledgers that enable cryptocurrencies to work; This three-letter chat app created its own currency, the very similarly named KIN; In 2018, this South American country launched the Petro, a currency backed by oil reserves. What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill appeared first on Bitcoin News.

10 days ago

Cryptocurrency Market Analysis December 3, 2018; Top Coins see Red

Majority of cryptocurrencies today saw red. In the top-twenty altcoins bracket, most are shaky, perhaps owing to attempts at market correction after the tumultuous Bitcoin cash Hard fork that saw a bearish momentum engulf all major cryptos. However, Bitcoin has withstood the Bears to hold above the $4000 mark. Ethereum also saw a slight dip on 3-hour charts over the last 24 hours as was the case with Ripple, which lost by 3%, from $0.37672 yesterday to today’s 0.36206 Summary Bitcoin lost about 3% in the last 24 hours, a $201 loss in value from $4241 to $4040. Ethereum lost by about 5%, from $121 yesterday to trade at $114. Bitcoin The last few weeks have been eventful for the leading cryptocurrency. At one instance, it dropped from the $7000 mark into the $6000 mark before then BCH fork. However, after the BCH fork, prices nosedived sharply to a worrying low of $3800. The charts have, however, shown attempts at correction as seen throughout last week. In the last 24 hours, prices have held above the $4000 mark despite a bearish momentum. As seen from point A, prices have been tending towards a contracting triangular pattern signaling a bearish trend. Support has held at $4000 and resistance at around the $4300 mark. Point B as seen On 3-hour charts shows the 7 days EMA cross over the 21 days EMA, signaling attempts by the Bulls at market correction. As seen on point C market activity has been average, with the Relative Strength Index (RSI) oscillating between 40 and 60. Ethereum Ethereum has also followed in the bearish trend, with prices heading south as seen in point A. Candles on price analysis charts formed a contracting triangular pattern, signaling a bearish trend. Support has held at the $133 mark and resistance at $120 on 3-hour charts as seen above. Market activity has been on the rise, with ETH tokens heading downwards as seen in the Relative Strength Index (RSI) in point B. The RSI is at 40 currently showing increased selling activity. Despite the recent bearish trend, cryptocurrency prices are expected to continue consolidating after the BCH hard fork turmoil that contributed to the recent market decline. The post Cryptocurrency Market Analysis December 3, 2018; Top Coins see Red appeared first on ZyCrypto.

10 days ago

Stellar Price Analysis: XLM/USD Breakdown and Double Top

Stellar was previously trading inside an ascending channel with its higher highs and higher lows. However, price already closed below the channel support to signal that a reversal from the uptrend is in the works. To top it off, price has formed a double top as it failed to break past the resistance at the .1700 mark. Price is currently testing the neckline around .1550 and a break below this support level could spur a drop that’s the same height as the chart pattern. However, the 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, there’s still a chance for the uptrend to resume. Price is closing below the 200 SMA dynamic inflection point, though, so this may be an early bearish signal. RSI is slowly crawling lower so price could follow suit while sellers were in control. Stochastic has already dipped into the oversold region to reflect exhaustion among sellers. The oscillator is starting to turn higher to signal a return in bullish momentum. In that case, price could still make its way back inside the channel to resume the climb or at least test the latest highs. According to a relative indexing methodology which tracks altcoin prices versus Bitcoin, Stellar has emerged as the strongest performer. Stellar has dipped a mere 7% or a relative price performance index of 0.93, which isn’t as bad compared to other rivals like XRP (RPI 0.46 or a 54% drop), ETH (RPI 0.43 or a 57% drop), and BCH (RPI 0.26 or a 74% drop). Many point to a breakout year for the Stellar project as one of the reasons that’s keeping this particular digital asset supported. While the entire cryptocurrency marketplace was plagued by a brutal bloodbath in the past couple of weeks, Stellar managed to temper its declines and is currently ranked the top 4 altcoin for now. Images courtesy of TradingView. The post Stellar Price Analysis: XLM/USD Breakdown and Double Top appeared first on Live Bitcoin News.

10 days ago

Crypto Price Watch: Another Rough Day Forces Top 10 Altcoins to See Red

It seems as if though the cryptocurrency market just can’t catch a break right now. Following some bullish momentum that saw the price of Bitcoin scale up above the $4,300 mark, the market at large has once again dipped, causing BTC to float just above the $4,000 threshold. Ian Mcleod: “Ethereum Will See Upward Monetary Movement All Though 2019” While a lot of people are skeptical about the financial future of Ether (especially since the currency has lost more than 80% of its value since the start of the year), well-known crypto expert, Ian Mcleod, has recently come forth and said that moving into 2019, ETH is all set to experience positive financial movement. In this regard, he added: ‘I maintain that we can expect Ethereum to hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019. We can expect Bitcoin to lose 50% of its cryptocurrency market share to Ethereum, within five years.‘ Crypto Market Loses $12 Billion Over the Weekend Over the course of the past 24 hours, the global crypto space has lost around $12 billion of its total market worth (with the overall cap now standing at a measly $130.5 Bln). This drop was witnessed as soon as Bitcoin started to lose value before eventually settling down around a price point of $4026.0 (at press time). In a similar vein, it is also worth mentioning that other top cryptos such as XLM, BCH, LTC too witnessed losses in excess of 5% over the weekend. CoinCorner CEO: “November Bloodbath is of No Real Concern” While the global investor community at large is panic-stricken following the recent crypto bear attack, there are those who view this domain with a more wide-eyed lens. For example, when being interviewed recently, Danny Scott, the co-founder and CEO of crypto exchange and wallet provider CoinCorner, said that based on internal data and statistical info that he had gathered over the past few years, he is confident that the market will rebound within the coming 6-12 months. Not only that, Scott also jokingly added that if today’s “so-called” finance experts are to be believed, Bitcoin has “already died more than 300 times”. In regards to the matter he closed out his conversation by adding: “We’re not concerned about Bitcoin’s price plummet this month. If we look back over Bitcoin’s short 10-year history, it has experienced many price fluctuations - something that is to be expected given that the industry is still very young. For example, in 2013 we saw the price drop 49.88 percent in just 14 days, which is a bigger drop than the one we have experienced over these last two weeks.” The post Crypto Price Watch: Another Rough Day Forces Top 10 Altcoins to See Red appeared first on NullTX.

10 days ago

BTC/USD Price Analysis: Bitcoin Surge above $4,700 Could Open Doors for $6,000

Latest Bitcoin News After eight years hiatus, it appears as if Satoshi Nakamoto is back activating his P2P Foundation account. By befriending one Wagner Tamanaha and commenting “Nour” the crypto space was quick to react with some skeptical saying his account might have been hacked. Now, whether Satoshi is back or not, it all depends on whether he shall make a comeback on his BitcoinTalk account giving insight on the way forward especially on contentious issues surrounding scalability. And in the midst of all this, it will be exciting how Craig Wright respond to the “awaken” Satoshi. For reference: Satoshi Nakamoto's (likely hacked) P2P foundation account posts "Nour" ('light' in Arabic) after years of inactivity. #Faketoshi starts tweeting in Arabic 7 hours later. This guy is unbelievable. pic.twitter.com/lemTBpBD00 — Mike V (@Mike__V_) November 30, 2018 While this is exciting, regulators across the globe are working overtime to bring law and order in the space. Days after passing a new Financial Bill, law makers in Estonia did amend the Anti Money Laundering and Terrorist Financing Prevention Act to include crypto clauses and sync with the EU’s Fourth Money Laundering Prevention Directive. By doing so, the Estonian Financial Supervision Authority (FI) believes they shall clamp down and prevent undesirable elements from laundering or financing terrorist activities through crypto platforms. Meanwhile, the SEC boss Jay Clayton—though issuing disclaimer clarifying that his comments are his—said in a recent discussion that Bitcoin is a utility since no group has control of it. He further went on and said that while the technology is new, crypto assets and platforms should comply with time-tested rules set by the commission. SEC Chairman Jay Clayton (his own opinion) on #Bitcoin: "An asset like Bitcoin, where decentralized it is designed as to be a payment system replacement for sovereign currencies. We have determined that it does not have the attributes of a security." — C3|Nik (@C3_Nik) November 27, 2018 BTC/USD Price Analysis After week ending Nov 25, we expected Bitcoin prices to capitulate but it didn’t. BTC/USD is down 0.5 percent in the last week but pretty stable in the last day. However, this doesn’t mean bulls are in control despite the high trade volumes supporting prices above $3,700. In fact, from candlestick arrangement, BTC/USD could sink below $3,000 confirming week ending Nov 25 losses. Trend: Bearish It has been a steep fall for Bitcoin and after clearing the $5,800 main support line thanks to Nov 14 uncertainty ahead of BCH hard fork and hash war, BTC is yet to recover. From the chart, the fall has been almost perpendicular. Therefore, before we fade this bear trend there must be strong gains above our minor resistance line at $4,700. Volumes: Flat, increasing Thing is BTC/USD might be bearish but is finding strong support between $3,700 and $4,000 and better still oscillating in a $1,000 range between $3,700—or Nov 2018 lows and $4,700—the upper limit of this consolidation. Now, within this accumulation, Nov 25—82k versus 47k average and Nov 28—68k versus 65k average are bull bars of our concern. Notice that we might end up with a three-bar bullish reversal pattern if buyers build enough momentum, racing above $4,700 triggering buys in the process. And from an effort versus result point of view this could print out now that price action is still confined within Nov 28 high lows—a bull bar with above average volumes. Candlestick Formation: Bear Breakout, Accumulation After Nov 14-15 declines, BTC/USD did break below the 11-month support zone in a bear break out pattern. This meltdown is clear in higher time frame especially the weekly chart where the close below the wedge did trigger the next wave of bears leading to a whole bear bar printing below $5,800. Now, despite this $1,000 consolidation, bears are in control and for bulls to be in charge then we must see gains above $4,700. Conclusion Technically, bears are in charge and before we recommend bulls, we must see confirmation of Nov 25 and 28 high volume bull bars and completion of the three-bar bull reversal pattern—the Morning Star pattern as prices close above $4,7000 triggering bulls aiming at $5,500 and $6,000. If not and there are drops below $3,700 or Nov 25 lows, then we might see further declines towards $3,000 or lower. All Charts Courtesy of Trading View. This is not Investment Advice. Do your Own Research. The post BTC/USD Price Analysis: Bitcoin Surge above $4,700 Could Open Doors for $6,000 appeared first on Ethereum World News.

10 days ago

Banking Giant State Street Acknowledges Clients’ High Interest for Crypto Custody

CoinSpeaker Banking Giant State Street Acknowledges Clients’ High Interest for Crypto Custody Speaking at the American Banker BlockFS conference in New York on Thursday, Jay Biancamano, State Street’s managing director for digital product development and innovation, acknowledged there is “a high level of interest”. He said: “There is no sense of urgency on the part of our clients to move into these assets right now. When they do, we want to meet them there. There is a very high level of interest but no need to move because currently none of our clients are looking for us to house these assets in custody.” State Street recently dethroned BNY Mellon, a firm that previously held the title of the world’s largest custodian for three straight years. The famous bank currently handles just over $33.12 trillion in assets under custody. State Street’s economic strength along with its long time in financial markets adapting to the generational changes that the United States has experienced attest not only to the growth of the cryptocurrencies but also to the “business authority” that such an important bank could use to give an excellent image to the crypto-money markets. Recent announcements around large institutions such as Fidelity Investments taking up crypto as an asset class has led to a febrile sense of anticipation among Wall Street incumbents and crypto-native companies alike. Coinbase and BitGo, who joined State Street on the Block FS custody panel, have gained qualified custodian licenses. Meanwhile, in the traditional custody world, Northern Trust and Japanese bank Nomura are known to be working on digital asset custody solutions. As it has become known, Fidelity Investments wants to expand its platform’s offerings. The firm is planning to go beyond just two cryptos adding trading services for the top five to seven cryptocurrencies by market capitalization. In September, in a major breakthrough, cryptocurrency startup BitGo got the regulatory approval as a qualified custodian of digital assets. As per the official press release, the BitGo Trust Company got an official license from the South Dakota Division of Banking. BitGo’s chief compliance and legal officer Shahla Ali said that the company can now pitch regulated storage solution to institutional investors. In October, New York regulator - New York State Department of Financial Services (NYDFS) issued an official approval to Coinbase Custody Trust Company LLC, to operate as “a limited purpose trust company”. The Coinbase Custody is a wholly owned subsidy of the Coinbase Global Inc. As a part of the recent approval, Coinbase Trust can provide custody services for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Ethereum Classic (ETC), and Bitcoin Cash (BCH). During this conference, Biancamano also said that they are trying to follow their clients’ assets. “We do talk to our clients who are interested in doing this and we are looking at this very closely. But we are not putting a sign that we are opening for business. That said, we are a blockchain-friendly firm; we are very involved in the vertical.” He added: “It’s not just about the current cryptocurrency; it’s also about tokenization and digitalization of traditional assets too.” State Street has shown a growing interest in the world of blockchain technologies. In fact, Biancamano is a crucial tool in State Street’s decision to adapt to this new trend. According to American Banker, one of the key functions of Biancamano in State Street is precisely the development of products and services based on blockchain. One of the key hurdles to institutional players entering the cryptocurrency space is the lack of safe and secure custody solutions. Several cryptocurrency startups are working to introduce robust custody solutions and plug the bottlenecks stopping institutional entry. Smaller retail investors often use offline, cold storage solutions to store digital assets securely. However, the same solution is not suitable for hedge funds and family offices. To store funds worth more than $150 in assets, private funds are required to have a third-party like a bank acting as a custodian. The custodians are responsible for managing the cryptographic “private keys” allowing customers safe access to their assets holding. Banking Giant State Street Acknowledges Clients’ High Interest for Crypto Custody

10 days ago

Bitcoin Cash ABC vs. Bitcoin Cash SV - Examining the Bitcoin Cash Hash War

The Bitcoin Cash hard-fork on November 15, 2018, resulted in two coins. Now, many exchanges recognize Bitcoin Cash ABC as Bitcoin Cash with a separate listing for Bitcoin SV. Let’s take a look at how the Bitcoin Cash ‘hash war’ started and its implications moving forward. What is Bitcoin Cash, Where Did it Come From? Bitcoin Cash (BCH) came into existence in August 2017, but the fundamental argument behind its emergence traces back to the origins of Bitcoin (BTC) itself - the scalability debate. It was the inability to come to a consensus over increasing the block size limit that ultimately made ‘Bitcoin Cash’ fork off the Bitcoin network. As early as April 2009, the block size limit already formed a debating point on the Bitcointalk online forum. At the time, with Bitcoin still in its infancy, the 1MB block size limit meant that the blockchain would have problems scaling once the network effect grew (more nodes on the blockchain). However, throughout the early days, developers in the community like Jeff Garzik, Gavin Andresen, Mike Hearn, and others, couldn’t seem to reach a consensus. Thus, by the time Bitcoin achieved mainstream status, the 1MB “attributed” to Satoshi Nakamoto block size limit was considered “de facto.” Nevertheless, proponents of the 1MB limit argue that larger blocks would ultimately prevent individuals from running their own full nodes as only large-scale datacenter would be able to verify transactions in the future, resulting in centralization of the network. Fast forward to 2017 with the BTC price and popularity growing; the network began to experience transaction backlogs. Around May 2017, some users complained of having to wait several days before their transactions could be confirmed on the network. Preference was given to transactions with higher fees. Thus, BTC appeared ill-suited for microtransactions. This situation caused serious debates within the community with two main approaches suggested - Bitcoin Unlimited and Segregated Witness (SegWit). Bitcoin Unlimited meant completely removing the block size limit. It also meant that the network would have to hard-fork, which is considered to be a riskier approach since the software client would no longer be backward compatible with older versions. Miners like Bitmain preferred raising the block size limit as SegWit (Segregated witness), would expose the mining giant’s covert ASIC-boosting algorithms. However, those in opposition argued that the move would centralize Bitcoin mining by forcing out smaller, independent miners. It must also be noted that SegWit also raised the block size limit, or to be more specific the ‘block weight’ to 4MB. In fact, the blocks mined by the Bitcoin network today are regularly over 1MB compared to Bitcoin Cash whose mined blocks are much smaller on average. 2017 Hard Fork - Fundamental Differences With SegWit, part of the transaction data is stored outside the blockchain creating room for more transactions inside a single block. Proponents argued that is a safer approach (compared to a hard-fork) that also increases throughput capacity. Critics, however, described the approach as only a palliative measure that did little to solve the core problem. On August 1, 2017, the majority of Bitcoin miners signaled for the implementation of SegWit2x - an agreement among predominant Bitcoin companies (BitPay, Coinbase etc.) to implement SegWit and later raise the block size limit to 2MB (hence the “2x”). However, a User Activate Soft Fork (UASF) eventually proved that Bitcoin full-nodes (i.e. users) are ultimately in control since it is they who actually verify and/or reject transactions based on the Bitcoin protocol. Nevertheless, Bitcoin Cash developers elected to increase the block size limit to 8MB meaning more transactions could fit into a single block. This, however, went against the Bitcoin protocol as the vast majority of nodes supported SegWit while leaving the 1MB limit intact. Bitcoin Cash forked away from the original Bitcoin blockchain on August 1, 2017, implemented replay protection, and quickly entered the top-ten cryptocurrency rankings based on market capitalization. This also meant that bitcoin holders also received an equivalent amount of Bitcoin Cash (BCH). The opposing views that resulted in the 2017 Bitcoin Cash hard fork hinged on two distinct economic classifications - Bitcoin as an investment asset and Bitcoin as a payment system - or at least which should be prioritized first. The BCH brigade maintained that Satoshi’s vision was that Bitcoin must become a cheaper and quicker alternative to fiat payments despite centralization concerns. One Year After - More Block Size Limit Issues On August 20, 2018, Bitcoin Cash Adjustable Blocksize Cap (Bitcoin Cash ABC, BCH ABC), which at the time was the largest software client for the blockchain, announced a hard fork slated for November 15, 2018. A part of the announcement read: A new opcode called OP_CHECKDATASIG that improves the BCH scri

10 days ago


News courtesy of berminal.com
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