Bitcoin Cash BCH

$142.52
Market Cap $ 2.513 Bn (#6)
24h Volume $ 359.958 MM
Chg. 24h: -2.94%
Algo. score 4.0/5  (#46)
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Bitcoin Cash News

Bitcoin [BTC]: Bitrefill’s John Carvalho says users who love BTC don’t use Coinbase

The debate around Bitcoin [BTC] and altcoins has excited the market since the first altcoin emerged in 2011. Proponents of the top coin advocate a one-stop-shop cryptocurrency that can be a store of value and a medium of exchange, branding all other coins in the market as “sh*tcoins.” One among those loyal to the BTC camp is John Carvalho, better known in the virtual currency community as BitcoinErrorLog, who scathingly replied to a conversion update by the American cryptocurrency exchange Coinbase. Carvalho is also serving as CCO at Bitrefill. Coinbase put out a tweet on February 20, informing their clients that Bitcoin can be directly converted to a host of different cryptocurrencies. Among the coins on the conversion list were top coins like Ethereum [ETH], Ethereum Classic [ETC], Litecoin [LTC], Ox [ZRX], and Bitcoin Cash [BCH]. The tweet read, “Did you know you can directly convert Bitcoin to another crypto on Coinbase? Conversions are available between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ox (ZRX), or Bitcoin Cash (BCH).” John Carvalho replied: “If you love Bitcoin, you don’t use Coinbase.” BitcoinErrorLog was clearly not happy about the conversion options which make it easier to pull money out of Bitcoin and into coins which many, including him, consider irrelevant. Carvalho wasn’t done yet, however. He also responded to a user who said that Coinbase was a friend to BTC not long ago. He replied, “Fu*k Coinbase. They aren’t any easier than other exchanges, they are just louder... And more evil.” When accused of his tweet being based on emotions rather than facts, Carvalho stood by what he tweeted, saying, “There are lots of reasons, do some research. If you love Bitcoin, at least.” Recently, Carvalho caused quite a stir among the developer community by agreeing with Luke Dashjr’s proposal to push the Bitcoin block size to 300KB given the performance of the Lightning Network. To the proposal, BitcoinErrorLog commented that he would run the soft fork for the same. Several proponents were unhappy and lashed out at both Dashjr and Carvalho for their proposition. Cobra, the co-owner of Bitcoin.org and Bitcointalk.org replied to Carvalho, referring to the aforementioned fork as a “contentions hardfork.” He added, “This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.” Another significant reaction to the same proposition came from the Bitcoin.com CEO, Roger Ver who stated that if this does materialize i.e. if the block size dropped to 300KB, he would sell all the BTCs he holds. In an episode on his YouTube channel, he said: “I really really hope that Luke Jr. and all these other guys lower the BTC block size to 300 kilobytes if they do I will sell even more of my BTC. A lot more. Maybe, I would even sell all of it at that point. Absolute Insanity.” The post Bitcoin [BTC]: Bitrefill’s John Carvalho says users who love BTC don’t use Coinbase appeared first on AMBCrypto.

2 hours ago

Bitcoin Cash [BCH] Price Analysis: Short-term bearish market momentum threatens bulls’ position

Bitcoin Cash [BCH] has survived the bear’s attack as the market added another $3 billion to the market cap overnight. The Bitcoin [BTC] hardfork, despite falling two places down the global coin ladder in the past few weeks, has broken several resistance levels and is now priced at its highest point since early-January. However, this seems unlikely to sustain for long. At press time, the coin is marginally up by 1.9 percent against the US dollar and is currently trading at $146.06. Bitcoin Cash has amassed a market cap of $2.57 billion, a considerable increase as it’s market cap was $2.16 billion last week. In terms of exchange dominance, LBank takes the top spot with $29.2 million or 7.13 percent of the total BCH trade volume. Taking the next two spots are P2PB2B and BitForex, accounting for $27.26 million, or 6.66 percent and $23.95 million or 5.85 percent, respectively. 1-hour Source: Trading View The one-hour chart indicates that the coin has gone up significantly over the past week, with two successive uptrends clearly visible. The first uptrend is seen between $119.71 and $143.69 and is followed by a second one from $141.27 to $148.01. BCH has pegged back from $148.22 to $142.84. Bitcoin Cash finds immediate support at $139.11, which the coin is now comfortably ahead of. The coin faces an immediate resistance at $148.72, which is fairly close to the coin’s current price. The Bollinger Bands indicate that the coin’s volatility has declined over the past few days, with the Moving Average line showing a bearish swing, given the recent drop in the coin’s price. The Fisher Transform line shows that the coin has switched from the bulls to the bears, as indicated by the recent crossover of the Fisher and Trigger lines. The Relative Strength Index of the coin shows a decline in investor interest as the RSI has fallen from 62.95 at 1200 UTC on 20 February to the current valuation of 39.57. 1-day Source: Trading View The one-day chart shows a significant green switch following months of downtrends as the price dropped from $629.34 to $82.36. The coin then shot up from $85.94 to $194.64, following which it began to move downwards. However, the coin has since looked to push upwards. Bitcoin Cash finds immediate support at $119.52, which is an increase from the previous level of $108.67. The coin has broken its immediate resistance level placed at $128.57 and is now trading more than $15 above the resistance level. The Parabolic SAR indicates that the coin is trading with bullish momentum as the dotted lines are below the coin’s trend line. The Chaikin Money Flow tool shows that investors are pumping money into the rising coin as the CMF line is above 0. The Awesome Oscillator shows that the coin is trading with bullish momentum as the concluding AO bars are green. Conclusion The short-term indicators seem to suggest that the bulls have run their course and that a bearish crossover may be imminent. However, proponents would hope otherwise. In the long-run, BCH has managed to chalk up a prominent green candlestick, following weeks of stabilized movement. The long-term chart and its corresponding indicators suggest a relative bullish phase. The post Bitcoin Cash [BCH] Price Analysis: Short-term bearish market momentum threatens bulls’ position appeared first on AMBCrypto.

4 hours ago

How to Use Cryptocurrency to Send Money Abroad

The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be cheaper, faster and simpler with bitcoin and other cryptocurrencies. Here are four ways to send money abroad using crypto. Also read: Everything You Should Know About Bitcoin Address Formats Crypto Remittance for the Masses Bitcoin and cryptocurrency in general can get money from sender to receiver extremely quickly and at low cost. If you’re new to decentralized peer-to-peer currency, it’s worth familiarizing yourself with how it works. From there, one can choose which cryptocurrency you intend to use as a conduit for the fiat cash. Bitcoin core (BTC) and bitcoin cash (BCH) are popular, though ripple (XRP) and ethereum (ETH) are other options you may wish to consider. After selecting your desired cryptocurrency, the next step is to choose a wallet which can store it. Cryptocurrency wallets are essentially software programs that store your public and private keys and interface with various blockchains, allowing you to monitor your balance, send and receive money, and conduct other operations. There are different wallets to choose from: a desktop wallet, which would be downloaded and installed on your computer; an online wallet which runs from the cloud; or a mobile wallet, by far the most popular option as they can be used anywhere while on the go. Other options include hardware wallets which store a user’s private keys on a device like a USB, and paper wallets, which refer to a physical copy or printout of your public and private keys. Both are easy to use and provide a very high level of security. More information on choosing the best wallet can be found here. Now let’s move on and examine four methods of sending cash abroad using cryptocurrency. Localbitcoins.com By far the simplest method for beginners, buying BTC on Localbitcoins and then using it to send cash abroad is extremely popular in developing nations in particular. You simply need to open an account, search for people selling BTC in your country and go ahead and make a bank transfer to the seller. The platform is very secure and uses an escrow mechanism to hold funds, which means the coins can’t be released until both parties agree. Once the buyer has the BTC they wish to send abroad, they can send it to their contact’s crypto wallet, where they can then sell it, or perform the same process on Localbitcoins.com but in reverse. So, if a person wanting to send money from the U.S. to Venezuela wishes to use this method, they would find a buyer in Venezuela after having bought BTC in the U.S., then sell the BTC and receive fiat cash into a Venezuelan bank account. Look for a good fiat to BTC rate while using this method, as you will find many buyers and sellers on Localbitcoins.com with different rates. Airtm Another increasingly popular platform for sending money abroad using cryptocurrency is Airtm. A digital wallet connected to banks and blockchains, Airtm makes sending money abroad via cryptocurrency very simple. As well as BTC and BCH, the platform supports a number of other currencies including ETH, XRP and monero (XMR). Opening an account is easy and Airtm provides a mid-market cryptocurrency exchange rate. There is a crypto dashboard on the website where you can see your total balance in USD equivalent inclusive of all your cryptocurrency balances. From there, you can buy and sell crypto and send it to other Airtm addresses. Recipients can then convert straight to fiat and withdraw. Bitcoin ATMS Bitcoin ATMs (BATMs) are fast popping up everywhere, with over 4,000 scattered around the globe. They quickly allow users to get their hands on crypto or fiat cash. And as a way for sending money abroad, they are a gem. You need only find a BATM, buy BTC or other crypto, send to the recipient in another country and then the recipient can sell the crypto for cash at a BATM. The recipient doesn’t even need to know about cryptocurrency - they can simply make and send a photo of the QR code and the sender can use this bitcoin address directly, which can then be taken out of a BATM as cash. BATMs tend to charge a higher commission than other services mentioned here, it should be noted, so their convenience comes at a price. Bloom Solutions A newer method of sending cash abroad is via Bloom Solutions. Founded by Luis Buenaventura, Bloom aims to reinvent the remittances industry using BTC. By focusing solely on cryptocurrency as a mechanism for cross-border money transfer, Bloom allows users to sign up, and when your credentials have been approved, a rate for using the service is given. You can then deposit funds into your Bloom account and Bloom takes care of it being sent abroad by sending it to a bank account or cas

5 hours ago

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

In this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect. Also Read: Coinflex Launches Physically Delivered Cryptocurrency Futures Exchange Sirin Labs Smartphone to Integrate Simplex Sirin Labs, creators of the cryptocurrency-focused Finney smartphone, have announced a partnership with online payment processing solutions provider Simplex. With the integration of Simplex’s escrow service for fiat-to-crypto transactions, the phone’s users will be able to buy crypto with fiat directly through its wallet application. Founded in 2014, Simplex is headquartered in Israel, with subsidiaries in the U.K., U.S., and Lithuania. The service processes credit card payments for some of the largest crypto exchanges, wallets, and platforms around the world. “The growing portfolio of our partners and integrations is aimed to assure our community that their crypto experience through FINNEY is constantly evolving,” said Sirin Labs CEO Zvika Landau. “Simplex shares the same vision of bridging the gap between crypto and the mass market. This integration marks that first step in making crypto more accessible to novice users, as well as simplifies trading for our seasoned crypto community.” Middle East’s Cbx Exchange Partners With Heliocor Heliocor, a regulation technology company from London, has announced a strategic partnership with Cbx, a global cryptocurrency trading platform based in the Middle East with independent operating teams in UAE, Hong Kong, Taiwan, Malaysia, and London. The deal is meant to enable enhanced due diligence of both institutional investors and retail investors in the Middle East. Heliocor offers a GDPR compliant cross regulation onboarding application that is now integrated into the Cbx trading platform, allowing the exchange to apply Know your Client (KYC) and Anti Money Laundering (AML) checks on its clients. Vikas Tripathi, Managing Director of Heliocor, commented: “Several companies from blockchain and cryptocurrency have engaged with us to help them overcome their ever-changing regulation challenges. We believe that cryptocurrency markets will form a key market for our technology, allowing us to apply our deep regulation and compliance knowledge in banking and financial institutions to further engage with the blockchain industry. We are delighted to be working with CBX to provide them with an enhanced due diligence capability and adding confidence to their users as they access the crypto market.” IPC’s Connexus Cloud to Add ICE Crypto Data Feed IPC, a provider of networking solutions for the financial markets, has announced it will include cryptocurrency data feed on its cloud platform from ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE). The Connexus Cloud connects 6,400 capital market participants across 750 cities in 60 countries including sell-side and buy-side firms such as inter-dealer brokers, liquidity venues, and clearing/settlement firms. Customers using the ICE Cryptocurrency Data Feed will be able to access real-time and historical data for over 60 digital assets, including BCH and BTC, from more than 30 trading venues. “The cryptocurrency market continues to make inroads with global investors, who rely on timely and robust pricing data to help with their critical investment decisions,” said Mike Smith, Director Global Exchange Relations Management at IPC. “With the vast ICE Cryptocurrency Data Feed now accessible by Connexus Cloud users, we continue to bring customers the vital information needed in this emerging and growing market.” FBI Is Looking for Bitconnect Victims The U.S. Federal Bureau of Investigation (FBI) is seeking potential victims who invested in Bitconnect (BCC). The agency asks anyone who invested in it to voluntarily complete a questionnaire on their website which will be used in the federal assessment of this matter. Based on the answers provided, the FBI may contact respondents for additional information. The FBI announcement recounts that Bitconnect guaranteed investors up to a 10 percent total return per month, following a tiered investment system based on the sum of an investor’s initial deposit. In December 2017, BCC boasted a market cap of over $2.5 billion but the price crashed in January 2018 after U.S. securities regulators warned investors of the Ponzi-type nature of the scheme. “This led to Bitconnect completely shutting down its exchange for BCC, eliminating the market for the cryptocurrency and stranding investors with near-worthless cryptocurrency,” explains the FBI. 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 ou

7 hours ago

Irish Auctioneer Set to Sell 315 BTC that Belgian Authorities Seized

Wilsons Auctions, an Irish auctioneer is set to sell 315 BTC that the Belgian government seized in a drug trafficking case involving the darknet. The auction will begin at noon on February 28 and last for 24 hours. According to Wilsons, they will sell the loot in lots within a range of 0.5 BTC to 4 BTC each. The 315 coins comprise 104.99 each of BTC, BCH, and BTG. As part of the deal between Wilsons and the Belgian government, the company would facilitate the storage and sale of the seized crypto assets. (VK)

10 hours ago

EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise

The collective cryptocurrency market managed to hold on to the bulls as the recent upswing in prices decided to not subside. After adding nearly $10 billion to the global market cap in just under 24 hours, the market added another $3 billion the following day, spearheaded by the surging EOS [EOS] and Litecoin [LTC]. While the first massive uptrend was sparked by Binance Coin [BNB] and Stellar Lumens [XLM], EOS and Litecoin took charge the following day as the market reached $135 billion for the first time since January 10. The fourth and fifth coins respectively have been at loggerheads, constantly overtaking each other in pursuit for the coveted fourth spot which was occupied by Bitcoin Cash [BCH] for a long period of time. EOS has amassed a 7.6 percent increase against the US dollar, the largest rise amongst the top-10. The coin was trading just under $3 for the better part of the past two weeks, prior to surging ahead at the beginning of the week. The coin began to rise on February 18, and at 11.00 UTC on the same day, the coin broke the $3-mark for the first time since mid-December. EOS later shot up to its trading price of $3.85, at press time. The fourth-largest cryptocurrency in the market, at this point, is trading at its highest price for more than three months, a significant achievement considering the ongoing ‘crypto-winter’ that has hit the market. In terms of the coin’s market cap, EOS broke the $3-billion mark at the beginning of the week. Since breaking the milestone, the coin has gone on to add $500 million and the current market cap of the coin stands at $3.51 billion, with a $400 million market cap lead over the trailing, but surging, Litecoin [LTC]. Exchange dominance of EOS trade volume is most noticeable on OKEx, which accounts for $215 million or 10.35 percent of the entire EOS trading volume via the trading pair EOS/USDT. The second spot was taken by Huobi Global and DigitFinex, which accounts for $107.38 million, or 5.16 percent and $104.93 million, or 5.04 percent of the trading volume respectively, on the same trading pairs i.e EOS/USDT. Source: Trading View Litecoin trails EOS both in the coin-ladder and in terms of the 24-hour price increase, despite a 6.8 percent incline. The coin was hovering below the $35-mark since the beginning of the month, following which it saw a massive rise on February 8, overtaking BCH and EOS in the process. In the first consideable rise, the price shot up by 36.08 percent to $45.44, and after briefly dropping to $41.46, the price broke the $50 ceiling on February 20 for the first time since mid-November. At press time, the coin was trading at $51.20, and is looking to sustain the rise. Digital Silver has joined EOS in the “$3 Billion Dollar Club” breaking the said barrier at 1000 UTC on February 20. Litecoin had not crossed the $3 billion-dollar valuation since the BCH hardfork in mid-November. At press time, the coin had a market cap of $3.1 billion, leading the trailing Bitcoin Cash by just under $430 million. Source: Trading View The post EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise appeared first on AMBCrypto.

11 hours ago

Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is preparing for more gains above the $132.5B resistance level. EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances. Bitcoin cash price is consolidating below the key $150 resistance level. Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through. Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area. The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to accelerate higher. Bitcoin Cash Price Analysis Bitcoin cash price remained well bid above the $142 and $145 support levels against the US Dollar. The BCH/USD pair tested the $150 resistance level recently and later declined. However, the $145 support acted as a solid buy zone and later the price bounced back. The price needs to gain strength above the $148 and $150 resistance levels to move further higher in the coming sessions. In the mentioned case, the price could revisit the $160 resistance zone. EOS, Tron (TRX) and ADA Price Analysis EOS price performed really well recently after it corrected lower from the $3.00 resistance. The price found support above the $2.70 support level and later bounced back. It is up more than 7% and moved above the $2.80 and $2.85 resistance levels. An immediate resistance is at $2.92, above which the price could test the $3.00 resistance zone in the near term. The key supports on the downside are $2.82 and $2.80. Tron price moved to and fro between the $0.0240 and $0.0255 levels. TRX price is currently traded above the $0.0250 resistance, but it must break the $0.0255 resistance to gain strength. The next main resistance is at 0.0262 and $0.0265. Cardano price remained well bid above the $0.0420 support area. ADA price recently broke the $0.0450 and $0.0465 resistance levels to set the pace for more gains. The current price action is positive and it seems like the price could continue to move higher towards the $0.0500 resistance area in the near term. Looking at the total cryptocurrency market cap hourly chart, there is a solid uptrend in place above the $125.0B support area. The market recently corrected lower and tested the $127.00B level. Later, it bounced back above $130.0B and it seems like it could break the $131.0B and $132.5B resistance levels in the next few hours. If buyers gain strength, the market cap could surge towards the $135.0B and $140.0B levels. Therefore, there could be more upsides in bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins. The post Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis appeared first on NewsBTC.

12 hours ago

Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police

Irish auctioneer Wilsons Auctions is to sell off 315 bitcoins seized by the Belgian government in a drug trafficking case that involved the dark net. The 24-hour online auction will start at noon on Feb. 28. Also read: Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets Wilsons to Auction $390k Worth of Drug-Related Crypto Wilsons said in a statement that the loot, with no reserve, will be sold in lots ranging from 0.5 BTC to 4 BTC each. The 315 coins consist of 104.99 each of bitcoin core, bitcoin cash and bitcoin gold. The lots for BCH and BTG “will contain a larger number of coins” the auctioneer stated. Wilsons, which won a contract from the Belgian government for the auction, said the bitcoin has a fluctuating value of more than £300,000 (~$390,000) in total. As part of the deal, the auctioneer and advisory company will facilitate the storage and sale of seized crypto assets managed by the Federal Government of Belgium. Aidan Larkin, head of recovery at Wilsons, said: Following huge investment into our systems and infrastructure, we are able to offer government and law enforcement agencies worldwide a secure solution to the ever-increasing problem of seized cryptocurrencies. Larkin added: “This contract allows us to further expand our cryptocurrency offering and remove the risks that can be associated with trading with unregulated virtual currency exchanges.” Additionally, Mallusk-based Wilsons will physically sell a small amount of BTC during its unreserved government auction, which will take place in Belfast same day. Police Confiscate Censorship-Resistant Bitcoin In 2017 Belgian police reported to have seized about 1,050 BTC from drug dealers. However, liquidation of the confiscated crypto assets required that the country first implement laws governing these, as is the case with the traditional financial industry. That now appears to have happened, giving effect to the Wilsons BTC auction. In Canada, dark web drug dealer Mathew Phan is pleading to be allowed to keep half of the 288 BTC that police seized from him as proceeds of crime. With prosecutors seeking a court order to forfeit the crypto stash, worth CAD$1.4 million (US$1.1 million), the 30 year-old dealer argues that not all of his bitcoin was used for criminal purposes. The case is the first in which Canadian law enforcement has seized BTC, as well as comprising a well-orchestrated dark web trap. In doing so, the police have dealt a double-barreled attack against technologies that are generally off the radar of state authorities. While the case has its roots in crime, it sets an interesting precedent regarding how law enforcement is prepared to repeal anti-surveillance mechanisms. Founded in 1936, Wilsons Auction claims to be the largest auction company in the U.K. and Ireland. It offers a range of services from collection, storage, valuation, marketing, refurbishment, auction and distribution of any asset from cars and commercial goods to property and cryptocurrency. The company has also previously auctioned off monero (XMR) virtual currency. What do you think about governments seizing privately owned bitcoin and then auctioning it? Let us know in the comments section below. Images courtesy of Shutterstock. Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com The post Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police appeared first on Bitcoin News.

12 hours ago

Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA

Two days ago, Hudson Jameson, a Developer and Co-Founder of Oaken Innovations, proposed a Reddit AMA to clarify certain points regarding leadership and accountability in the Ethereum community. This was due to a controversy that arose as a result of Afri’s announcement to abandon the Ethereum project. Until further notice, you can reach me via might-not-reply@5chdn.co, on Telegram using changing handles, and on Parity's Riot/Github. I will no longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter, and Reddit. — Afri (@5chdn) February 17, 2019 I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it. — Afri (@5chdn) February 19, 2019 Afri’s resignation came after he wrote a series of Tweets saying that Polkadot could surpass Ethereum 2.0. He compared both projects while pointing out specific weaknesses of the Ethereum network. Of course, Afri’s opinions annoyed the part of some members of the community, who demanded that he withdraw from the project. Jameson speculates that Afri ended up giving in to the pressures and decided to take one step back. I'm so angry and disappointed in the Ethereum community. You ran out one of our best contributors for the dumbest reasons. More people should have spoken up in support and there needs to be less vitriol. https://t.co/eClG1q1f9N — Hudson Jameson (@hudsonjameson) February 17, 2019 Given the turbulence experienced in the community, the idea of creating a Reddit AMA was seen as positive by the Ethereum team, who took the opportunity to clarify doubts and get closer to the community. One of the most popular comments was that of ezpzfan324. This user remarked that to avoid repeating situations like the one experienced with Afri, it would be advisable for the critical members of Ethereum to make a Conflict of Interests Statement. Vitalik Buterin: 80% ETH Vitalik Buterin welcomed this proposal and responded quickly, revealing to the community the tokens he has invested in and the proportion of his investments: “Here’s a quick one from me: Non-ethereum-ecosystem tokens: BCH, BTC, DOGE, ZEC; total value < 10% the value of my ETH Non-ETH ethereum ecosystem tokens: KNC, MKR, OMG, REP, total value <10% the value of my ETH Significant corporate shareholdings: Clearmatics, Starkware [edit, forgot to put this in before] Revenue in the last 12 months other than ethereum foundation salary: a few advisor tokens (included in above) Non-financial interests: friends in the ecosystems represented by the above projects, as well as some non-token ethereum ecosystem orgs (eg. L4, Plasma Group, EthGlobal, EDCON) and non-token non-ethereum orgs (mainly professional cryptography and economics circles) I’d definitely support more people actively involved in protocol decision-making making such statements!” Justin Drake: 99% ETH Justin Drake, another member of the Ethereum developer team also shared his investments, following in the footsteps of Vitalik Buterin: “Quick summary here: 99% of token value in ETH (was given minor airdrops for free) Paid by the EF in ETH Leverage long ETH using ETH as collateral (MakerDAO) Close to zero fiat Not associated with any blockchain project other than Ethereum Zero speaking fees, zero grants” Martin Swende: +95% ETH Martin Swende, another important member of the Ethereum Dev Tem also shared his crypto holdings and the origin of his investments: “I’ll join in 95-99% of crypto holdings in ETH, rest is ZEC, BTC, SIA + some eth-tokens Salary/income last 12 months: all via EF (in euro) I previously also sometimes did consultancy audits, haven’t done any in a long time Advisor in zero projects, zero speaking fees, zero grants received, etc.” They did not disclosed how much money the have invested, but just by knowing which tokens they own seems as a good reference to measure the potentional of some projects. The post Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA appeared first on Ethereum World News.

15 hours ago

This ‘Faketoshi’ Signature Tool Lets Anyone Become Satoshi Nakamoto

Over the years, it’s become popular to claim that you are Satoshi Nakamoto even if you lack a shred of evidence. Although some individuals have tried really hard to prove it, they have always failed to convince the greater community. For instance, a few self-proclaimed inventors of Bitcoin have attempted to generate a signature with a message hash that’s tethered to an early mined block. After a few of these occurrences, a financial transparency startup called Albacore Labs has created a tool that will validate a signature against the genesis block, making it “easier for other people to make similar claims.” Also Read: Another ‘Satoshi’ Steps Out of the Woodwork, Calls Craig Wright a Liar Crypto-Babble About Digital Signatures or Hashing Should Not Be Enough Many bitcoiners will never forget how Craig Wright tried to prove he was Satoshi Nakamoto back in 2016. It all started when the London Review of Books reporter Andrew O’Hagan spent months with Wright and allegedly saw him sign a message tied to a Satoshi Nakamoto address. There was also a series of blog posts Wright wrote that has since been scrubbed from the internet and Wright’s interaction with Gavin Andresen in London. Back in the spring of 2016 Wright also appeared on a BBC video claiming to sign a signature tethered to the first bitcoin transaction. “My name is Craig Wright and I’m about to demonstrate a signing of a message with the public key that is associated with the first transaction ever done on Bitcoin,” the Australian native stated on May 2, 2016. “So you are going to show me that Satoshi Nakamoto is you?” the BBC reporter asked at the time. “Yes,” Wright replied. Two men who have claimed to be Satoshi Nakamoto but have yet to provide solid evidence. ‘Satoshin,’ left, and Craig Wright. After the show aired, veteran cryptographers quickly pointed out that the BBC reporters and Andrew O’Hagan were seemingly duped. The long-winded London Review of Books story that describes O’Hagan’s experience hanging out with Wright for months shows O’Hagan had no clue what Wright was actually signing. Moreover, well-known cryptocurrency developers like Pieter Wuille, Christopher Jeffrey and Greg Maxwell showed the public how Wright pulled off his signing parlor trick. One of the so-called Satoshi PGP keys Wright signed was provably backdated and other signature attempts have been cited as blatant forgery. Then, last year, a Twitter handle that used the name “Satoshi Nakamoto” tried to create the same signing proof with a message tied to block number 9. Finally, Bitcoin Cash (BCH) developer Amaury Séchet recently shared a hash message on Twitter and claimed to be Satoshi. However, the message was clearly a joke except a few cryptocurrency news outlets ran with the story. Last November a Twitter handle called @Satoshi tried to sway the community with a signed message tethered to block 9. Now Anyone Can Prove They Are Satoshi By Signing a Message Tied to the Genesis Block Since the so-called block 9 signing, Albacore, a team that develops tools to improve financial transparency, has released an application that can tie a message to the Bitcoin genesis block so anyone can attempt to “prove they are Satoshi.” “With everyone seemingly trying to prove they are Satoshi (looking at you Craig Wright and “Faketoshi twitter”), we’ve decided to make it easier for other people to make similar claims,” explains Albacore. The startup’s Faketoshi website continues: Clicking the button below will generate a signature and message hash that will successfully validate against the address that mined the genesis block, which is known to have been mined by Satoshi. Just don’t ask for the plaintext message that generated the hash...(spoiler, we don’t know it either). Albacore’s Faketoshi tool. A Faketoshi Signing Tool Benefits the Community by Teaching Bitcoiners to Dismiss Fraudulent Behaviour In a post that describes the tool’s process, Albacore says people claiming to be Satoshi is nothing new, but Craig Wright is the most “recent cult” following. Albacore says this is due to a serious lack of technical understanding within the blockchain and bitcoin ecosystem. “This leads to situations where the merest mention of crypto-esque jargon like digital signatures or hashing is convincing enough,” the startup’s blog post explains. Albacore notes that people can see that the forged messages are clearly faked because the hash of the message is provided without the actual plaintext message. “The inputs and outputs of the ECDSA signature and verification operations. Note that in both, the input is the plaintext message that is then hashed within the boxes (the ECDSA algorithm),” explains Albacore. “So why would the scammer provide the hash of a message and not the message itself? Albacore asks within the essay, before answers its own question: “Because they do not know the message — That would involve them actually knowing the private key and generating a legitimate signature.” Alba

17 hours ago

Bitcoin.org traduzido em 25 idiomas, inclusive português

Por: Livecoins O website Bitcoin.org é uma referência quando se pesquisa sobre o tema na internet, o site está agora disponível em mais de 25 idiomas. Esta página explica em vários documentos a palavra de Satoshi Nakamoto, sendo o domínio pertencente ao Cobra e Will Brins, dois entusiastas de bitcoin reconhecidos mundialmente. O trabalho do Bitcoin.org reflete as ações conduzidas pela equipe Bitcoin Core, responsáveis pelo desenvolvimento do BTC, a maior moeda digital do mercado de criptomoedas. No último dia 14 de fevereiro de 2019, um post no blog do Bitcoin.org anunciou que mais de 25 idiomas estão a disposição das comunidades cripto mundiais em 2019, sendo o Português do Brasil uma das opções da lista. Esse domínio foi criado por Satoshi Nakamoto, sendo uma das primeiras opções nas pesquisas sobre Bitcoin a aparecer para os usuários. Um dos responsáveis pela tradução, que foi mencionado no site oficial do Bitcoin.org com o nick mateusnds, é o autor no Livecoins. A tradução oficial para língua portuguesa (do Brasil) foi atualizada no GitHub no dia 07 de dezembro de 2018. Apesar de ser um website privado, o código funciona de forma aberta para colaboração de quaisquer interessados. Ver uma documentação técnica de qualidade sendo disponibilizada para Português do Brasil coloca o país no destaque mundial. Página concorrente (não se confunda) O website Bitcoin.com, entretanto, apesar de se apresentar como o verdadeiro Bitcoin, na verdade, representa o Bitcoin Cash (BCH) criado por Roger Ver. Como o domínio do site é parecido, muitas pessoas acessam esse ambiente e acabam caindo em um conteúdo que não é o relacionado ao Bitcoin Core (BTC). Esse fato já causou muitos prejuízos a pessoas interessadas em Bitcoin pelo mundo todo, portanto, cabe o alerta legal do Livecoins. O artigo Bitcoin.org traduzido em 25 idiomas, inclusive português foi publicado originalmente em Livecoins.

17 hours ago

Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app

Coinbase, the digital currency exchange headquartered in California, has rolled out support for Bitcoin Cash [BCH] on its custodial wallet app. With this upgrade, the Coinbase user will now be able to store their BCH in their wallet directly. @CoinbaseWallet tweeted, “Announcing support for Bitcoin Cash (BCH) on Coinbase Wallet!” Bitcoin Cash and Coinbase integration was only limited to transactional support previously. However, the update will now allow users to keep their BCH tokens in Coinbase wallets. This update is deployed in Coinbase’s Android as well as iOS versions of the wallet. Besides, the Coinbase wallet [which is superior to its custodial counterpart with respect to security] supports Bitcoin Cash Testnet to assist developers and power users wherein users can swap between the Advanced settings to the testnet setting. The exchange already supports Bitcoin [BTC], Ethereum [ETH], Ethereum Classic [ETC] along with more than 100,000 ERC 20 tokens and ERC 21 collectibles. According to the blog post by the exchange’s Product Lead, Siddharth Coelho-Prabhu, “Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet.” He added that the updated user-controlled crypto wallet is compatible with both CashAddr and Legacy addresses for backward compatibility in all applications. Prabhu further revealed plans to add support for JSON Payment Protocol in its platform. Twitterverse had a mixed response to the latest announcement. A Twitter user, @PompousLL posted on Coinbase’s original tweet, ‏”Thanks for dedicating time and money to this, we’ve been eagerly waiting!” On the other hand, another user, @VCourt_PSD replied, “Did you know that you can now buy $XRP on @binance with your credit card? You can also buy $XRP on @Bitstamp and many other exchanges with your credit card as well! I know this is old news, but if I can just help one person move away from @coinbase, then I will sleep well!” Earlier this month, the exchange had added support for Bitcoin [BTC] on its wallet forum. Recently, Coinbase’s announcement to roll out a facility wherein users can store their private keys within a cloud-based system called - Cloud Backup, was met with a lot of flak from the crypto community. The main purpose of rolling out such facility was higher adoption for digital assets which backfired. The post Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app appeared first on AMBCrypto.

19 hours ago

Coinflex Launches Physically Delivered Cryptocurrency Futures Exchange

Coinflex has now launched its physically delivered cryptocurrency futures exchange. The new Hong Kong-based leveraged trading platform is a spin-off from one of the United Kingdom’s oldest cryptocurrency exchanges, Coinfloor. Also Read: In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange Coinflex Exchange Is Now Online Coinflex, a physically delivered cryptocurrency futures exchange with leverage of up to 20x, announced on Feb. 20 that the platform’s website is now live. Last month it was reported that the trading venue plans to offer futures contracts for bitcoin core (BTC), bitcoin cash (BCH), and ethereum (ETH), all paired against tether (USDT). Based in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is owned by a consortium that includes Trading Technologies International Inc., crypto trader Mike Komaransky, and Dragonfly Capital Partners. Market markers B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and its subsidiary companies also have partial ownership of Coinflex. Cutting Out the Middle Men The Coinflex platform is headed by chief executive officer Mark Lamb, who published a Medium post on Wednesday detailing the differences between traditional futures vs crypto futures exchanges. He explained that traditional exchanges usually have a minimum of two and often three or four layers of intermediaries between the exchange and the customer. Traditional futures brokerage firms and Futures Commission Merchants (FCMs) also usually require a customer be a high net worth individual or professional trader with experience in financial markets. Traditional futures vs crypto futures exchanges as detailed by Coinflex CEO Mark Lamb “I fell in love with bitcoin because it’s peer-to-peer, open, and transparent,” stated Lamb. “Everyone has the chance to transact on the same network. Anyone who has the tools can run a node and I won’t reject your Proof of Work because you come from a different country, don’t speak my language, or don’t meet a government-set ‘capital requirement’. Crypto derivatives are built in the same fashion as bitcoin. Virtually anyone can sign up regardless of wealth, geographic location, or whether or not he or she has a bank account.” What do you think about Coinflex launching physically delivered crypto futures trading? 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 Coinflex Launches Physically Delivered Cryptocurrency Futures Exchange appeared first on Bitcoin News.

21 hours ago

BCH’s Market Cap Sinks below Ethereum, Displaced from Top Four

BCH’s Market Cap Sinks below Ethereum, Displaced from Top Four Advertisement Bitcoin Cash (BCH) falls from its high pedestal to sink below Ethereum market’s cap for the first time, and its future doesn’t look as bright as its political hash wars continue. Fight to Death Bitcoin Cash’s hard fork from Bitcoin got a taste of

21 hours ago

Exciting Move For Bitcoin Cash Adoption

In what looks to be a very positive move for Bitcoin Cash adoption, leading cryptocurrency exchange Coinbase have recently announced that their native product, the Coinbase Wallet is now able to store Bitcoin Cash. This update will be send out to all users of the Coinbase Wallet iOS and Android app over the next few weeks, according to reports this update will also support Cashaddr and Legacy address formats. Bitcoin Cash support also works alongside the Bitcoin Cash testnet in order to allow developers using the Coinbase Wallet to implement their own testnet changes and upgrades. Siddharth Coelho-Prabhu, the Product Lead at Coinbase has said: “Starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app. The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet.” As we have stated, Coelho-Prabhu also commented on the support of Cashaddr and Legacy addresses: “The wallet supports both newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications. It also supports the Bitcoin Cash Testnet to aid developers and power users. The team also plans to add support for the JSON Payment Protocol in the future.” This is a very big move for Bitcoin Cash adoption as it now offers Coinbase investors access to a storage solution for their Bitcoin Cash that allows them to store their Bitcoin Cash in a more secure, offline wallet as opposed to the current method of storing Bitcoin Cash online within a Coinbase portfolio. The risk here is that as the assets are online, they are more susceptible to attack and of course, theft. There’s more The Coinbase wallet has seen a number of updates this week, with the recent announcement that the Coinbase Wallet now allows users to backup their data to both Google Drive and the Apple iCloud. In their announcement, Coelho-Prabhu said: “Users can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud. This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.”

a day ago

Meet Memopay, the Bitcoin Cash Advertising Model That ‘Pays for Attention’

There’s a different kind of advertising taking place on the Bitcoin Cash (BCH) network, using an application called Memopay. The ad campaign platform employs a novel approach to advertise someone’s website, product or service by sending a small fraction of BCH to thousands of public addresses with an encoded OP_return message. Also read: BCH Devs Lock in Code for the Chain’s Next Upgrade: Schnorr and Segwit Recovery Memopay: Onchain Advertising The internet has completely transformed the advertising business into a whole new medium and programmable money is also going to create some new methods of sharing promotional content. For instance, an application called Memopay plans to do just that with its service that offers promoted onchain advertising using the BCH network. Memopay’s website explains that advertisers can reach out to bitcoiners by introducing products and services through onchain messages. The platform uses an OP_return transaction which gives an individual or organization the ability to tether a small message to the transaction and certain block explorers can read the messages. “Memopay delivers your ad message directly to the wallets of thousands of active Bitcoin Cash users,” explains the service. Memopay reaches out to bitcoin cash holders by sending small fractions of dust to an active address with a message tied to the funds. Basically, Memopay sends thousands of transactions by sending a small fraction of BCH dust to active BCH wallets. The service believes each ad message delivered along with a small amount of bitcoin cash “pays for attention.” So far the business has run about six onchain ad campaigns that have added up to a total of 88,063 ad messages delivered. A typical transaction could be like 0.00001111 BCH (1111 satoshis) and Memopay says there have been 95,623,876 satoshis distributed. For instance, the company Cyberian Mine ran a campaign with Memopay because they wanted to drive awareness to potential crypto-focused clients. According to statistics recorded by a Bitdb query in real-time, 10,000 ad messages were delivered and Memopay claims the company saw a 110 percent spike in organic traffic to their website. “You only pay when they click to visit your website,” the website details. In another instance, Memopay tied an editorial that was shared online and delivered the link to 1,000 BCH holders. The company reports that the campaign saw a 2.5 percent click-through-rate (CTR) already after 24 hours. Memopay is also integrated with three of the major BCH block explorers developed by Bitcoin.com, Btc.com and Blockchair. An example of Cyberian Mine’s CPS ad campaign using Memopay. The New Advertising Target: 16 Million Public Bitcoin Cash Addresses The process to run a campaign is fairly intuitive as the user simply chooses an ad mode to drive traffic to a website or pay for clicks only or CPS to drive awareness by paying for each delivered message. Then they have to fill out the request form and create a custom advertising message that will attract consumers. After that, the user funds the provided address with BCH to start the ad campaign. Memopay users then receive a link to the ad campaign’s dashboard to see the real-time progress of the promotional content. The campaign dashboard. Memopay says there are many benefits to using the service and the top attribute is a direct connection to a cryptocurrency audience. There are 16,984,512 BCH addresses and each and every one of them is open to the public’s view. This gives the project transparency says Memopay as “each contact with Bitcoiners is recorded on the Blockchain and can be easily checked.” “[Memopay] is keyword agnostic and customers pay the same price for any keyword used,” the startup notes on the website’s benefits description. “In both Cost-per-click and Cost-per-send campaigns you’ll know exactly what the price is — Ad messages with an active link will be stored on the Blockchain forever.” Paying for attention by using OP_return transactions that will be seen on a blockchain explorer is not new and has been done for years. TD Ameritrade created this picture last year and embedded it into the BTC chain. Paying for people’s attention in the advertising business is basically the name of the game but using blockchain technology adds a different flavor. Advertising using OP_return transactions has been done many times in the past in various ways. For example, back in April of 2018 the online broker for online stock trading and financial management service TD Ameritrade used BTC OP_return transactions to advertise the company. Its logo surrounded by a digital flag is forever etched into the BTC chain as the firm used 68 transactions to create the message. “The blockchain is an amazing piece of technology — And we’re proud to be part of it — Forever,” the banking institution stated at the time. What do you think about the Memopay advertising service? Let us know what you think about this subject in the comments secti

a day ago

Vitalik Buterin revela quais criptomoedas ele investe

Por: Livecoins Em um recente Reddit AMA (perguntas e respostas), Vitalik Buterin, co-criador da Ethereum, divulgou as criptomoedas que tem além da própria ETHEREUM. O co-fundador da Ethereum listou os Tokens em que ele investiu, bem como outras fontes de renda e interesses não financeiros que ele achava que precisavam ser compartilhados com a comunidade. O que pode ser uma surpresa para muitos na comunidade é que ele tem duas shitcoins (moeda sem futuro, propósito ou valor), a Bitcoin Cash (BCH) e a Dogecoin (Doge). Ele disse que tem Bitcoin (BTC) e Zcash (ZEC). Juntos, essas moedas somam menos de 10% do valor total de suas propriedades. Ele também tem investimentos em alguns tokens baseados em Ethereum: Rede Kyber (KNC), Maker (MKR), OmiseGo (OMG) e Augur (REP). O artigo Vitalik Buterin revela quais criptomoedas ele investe foi publicado originalmente em Livecoins.

a day ago

Best Bitcoin Cash (BCH) Wallets for 2019

Bitcoin Cash is a forked coin from Bitcoin in 2017. If you are interested in purchasing and trading with BCH you will need a wallet to store your coins and send to and from other addresses. In today’s article, we will be looking at some of the best Bitcoin Cash wallets to try in 2019. Ledger […]

a day ago

@CryptoCults @lucaspukus Hi. As was answered previously, you...

@CryptoCults @lucaspukus Hi. As was answered previously, you can't deposit BCH because its payment gateway is close… https://t.co/LsRJVbkKbL

a day ago

In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos ... We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is ... computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point ... It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges ... including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” 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 In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.

a day ago

Coinbase Wallet Adds Support For Bitcoin Cash

Coinbase Wallet, a popular mobile wallet by cryptocurrency exchange Coinbase has announced support for Bitcoin Cash. The exchange offers Coinbase Wallet as a solution for its customers to store their own cryptocurrencies. Initially, the wallet only supported Ethereum (ETH) and ERC-20 tokens. Later, support was expanded to Ethereum Classic (ETC) and early this month it finally added support for Bitcoin (BTC). In less than two weeks, the wallet has now added the forked cryptocurrency, Bitcoin Cash. Starting today, Coinbase Wallet users can send, receive, and store Bitcoin Cash on both iOS and Android. Bitcoin Cash (BCH) is priced at $146.32, losing 0.18% in the last 24 hours. (VS)

a day ago

Coinbase Wallet App Now Supports Bitcoin Cash (BCH)

San Francisco based crypto exchange, Coinbase has recently announced that its mobile wallet app now supports Bitcoin Cash (BCH). The Coinbase Wallet App As a result of this, users of the wallet can now store Bitcoin Cash in their Coinbase Wallet. The announcement from the company reads: “Starting today, you can now store your Bitcoin […]

a day ago

Coinbase Adds Bitcoin Cash Support to Wallet App

U.S. crypto giant Coinbase has announced support for BCH on its Coinbase Wallet app

a day ago

Bitcoin [BTC] and other cryptocurrency reserves of mining giant Bitmain allegedly running on fumes

Bitmain, the mining giant that came close to controlling more than 50% of hash rate responsible for mining Bitcoin is now down in the dumps, as per the latest rumors circulating the depths of the cryptoverse. A Twitter user @btcking555 tweeted, “BREAKING: The insider just wechat Bitmain’s latest crypto holdings are 6k in BTC and 750k in BCH. Thats around $130 mln in total value and almost 90 prc down from a year ago !! Also Bitmain had to liquidate some 500k BCH over Q3 and Q4 to cover losses. No wonder BCH has tanked” To make matters worse, Bitmain lost half a billion dollars in Q3 of 2018. This further substantiates rumors of Bitmain’s demise, especially when compared to the first half of 2018 during which Bitmain had profits worth $1 billion. Putting two and two together, one can assume that the aforementioned tweet about the sell-off of their crypto-reserves makes sense since Bitmain is in dire need of funds. Moreover, Bitmain’s dream for an IPO under Hong Kong Stock Exchange [HKEx] has not yet materialized as the exchange said that it was reluctant to allow IPO related to cryptocurrencies, owing to its highly volatile market. @brcking555 further continued, “Also Jihan is desperate to raise any capital in order not to sell down any more BCH and is pissed about todays leaks to media about massive Q3 losses. His “smoking mirrors” announcement on 7nm chip may not even help him.” Alister Milne, the CIO of Digital Currency Fund and a Bitcoin enthusiast replied to the above tweet in agreement, “Looks like they dumped 16k BTC as well ... combined, its probably why $6000 broke.” @eddyspenserwold commented on the same thread, “March 2018 Bitmain holdings: BTC 22,082 BCH 1,021,306 Now BTC 6,000 (liquidated 70%) BCH 750,000 (liquidated 25%) Observations: Bitmain still believes in Bcash. In Q3-4 2018, Bitmain sold more Bitcoin than Bcash but Bcash tanked more.” Another prominent person in the cryptocurrency ecosystem, Udi Wertheimer commented, “I mean, shitcoin twitter isn’t going to like this reply, but if they liquidated ~50% of their holdings in 6 months that’s pretty bullish for BCH from here on out” People in the community have speculated that the mining giant’s reallocation of hash power during the Bitcoin Cash hard fork combined with the brutal bear market of 2018 has contributed to Bitmain’s current state. The post Bitcoin [BTC] and other cryptocurrency reserves of mining giant Bitmain allegedly running on fumes appeared first on AMBCrypto.

a day ago

Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins

A green wave swept over the cryptocurrency market as $10 billion was added in less than 24 hours. Leading the charge was EOS and Bitcoin Cash [BCH], with both coins seeing massive double-digit price increases. Following the rapid rise, BCH has now dipped, posting a 2.65 percent decline against the US dollar, the biggest decrease in the top 10. The coin is now trading at $142.46, while the market cap of the coin stands at $2.51 billion, over $400 million behind Litecoin [LTC]. In terms of exchange dominance, LBank takes the top two spots in BCH trading volume, accounting for $68.86 million, or 12.76 percent, and $32.68 million, or 6.06 percent via the trading pairs BCH/BTC and BCH/USDT respectively. Taking the third spot is Huobi Global, holding $29.85 million or 5.53 percent in the trading pair, BCH/USDT. 1-hour Source: TradingView After several days of stabilization, the coin saw a massive uptrend which stretched from $120.06 to $143.65, following which the coin began to stabilize and has now, declined. Bitcoin Cash finds immediate resistance at $148.74. The immediate support level, placed at $139.57, formed after the price increase, has been broken and has since shifted down to $137.61. The Parabolic SAR shows that the coin is now trading with bearish momentum as the dotted lines are aligned above the coin’s trend line. The Fisher Transform line shows that the coin is bearish, as indicated by the Trigger Line’s crossing over the Fisher Line. The Chaikin Money Flow tool, however, indicates that the money flowing into the coin market is above 0. However, this is likely to dip below. 1-day Source: Trading View In the one-day chart, a massive downtrend is witnessed between $624.43 to $82.36, a reminder of the November 2018 hard fork. Following the brief bull run in mid-December, the coin has seen yet another downtrend stretching from $197.02 to $126.55. Bitcoin Cash finds long-term support at $108.67, which the coin is now well above. The long-term resistance stands at $142.26, which the coin is trading close to, but looks unlikely to break. The Bollinger Bands are expanding, suggesting that the coin will make way for some degree of price volatility and fluctuation. Further, the Moving Average line shows that the coin is bullish. The MACD line shows that the coin is vying for entry into the bullish zone since early January, but with no respite. The Relative Strength Index shows that investor interest has since mildly dipped to 63.79, still close to the ‘overbought’ zone. Conclusion: Bitcoin Cash saw a massive price increase on 19 February, even more so than the rest of the market. But, it has failed to sustain the bullish wave, seeing a significant price decline the following day. The short-term indicators point to a bearish market for the coin with the exception of the Chaikin Money Flow which suggests a positive money inflow into BCH. In the long term, the volatility of the coin has increased, as indicated by the Bollinger Band, but the suppression of the bulls continues. The post Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins appeared first on AMBCrypto.

a day ago

Bitcoin Cash Support Added On Coinbase Wallet

Earlier this week, Coinbase announced that users of its wallet app can now directly store their Bitcoin Cash. the app update will be rolled out to all Android and iOS devices within the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers. Coinbase is one of the biggest exchanges in the US and their noncustodial wallet app will now support Bitcoin Cash. The Product Lead at Coinbase, Siddharth Coelho-Prabhu said on Tuesday, “starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app.” Continuing on from this he said: “The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet.” The Coinbase product lead noted that the wallet will support the “newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications.” In addition to this, the Bitcoin Cash Testnet will be supported in order to “to aid developers and power users.” Furthermore, he added that the team at Coinbase is also looking “to add support for the JSON Payment Protocol in the future.” The Coinbase Wallet app has security that is a lot more advanced when compared to its custodial web wallet counterpart. According to the announcement by the exchange, users’ private keys are encrypted and stored on their mobile phones using a Trusted Execution Environment or Secure Enclave technology. Coelho-Prabhu claims “This specialized hardware is considered the most secure way to safeguard private data on mobile devices.” The support of Bitcoin Cash comes after the Bitcoin support which was announced earlier in the month. As highlighted by Coelho-Prabhu, the Coinbase Wallet previously supported only “ethereum, ethereum classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum.” Optional feature One week before the Bitcoin Cash support was announced, Coinbase announced that users “can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud.” Coelho-Prabhu continues saying, “this new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.” This was an optional feature which was met with less than kind feedback with a developer from Tallycoin saying, “This is a terrible idea and encrypting with a user-chosen password is even worse. Most people cannot choose/remember strong passwords and generally reuse passwords.”

a day ago

Coinbase Wallet to Support Bitcoin Cash (BCH) in Both iOS and Android Versions

On Wednesday (February 20th), Coinbase announced Bitcoin Cash (BCH) support for "Coinbase Wallet", its highly popular "user-custodied crypto wallet" app for iOS and Android.

a day ago

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

CoinSpeaker Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip The Chinese-based mining giant and ASIC hardware manufacturer, Bitmain, unveiled a new 7-nanometer Bitcoin mining processor. The new ASIC (application-specific integrated circuit), will offer new levels of energy efficiency according to the company. This new mining hardware, BM1397, features an excellent design for mining cryptos that use the SHA256 algorithm for their proof-of-work (PoW). Some of the major digital tokens that use the SHA256 algorithm include Bitcoin Cash (BCH) and Bitcoin (BTC). Bitmain announced the updates in a blog post published on February 18, 2019. The new BM1397 chip provides faster and cheaper cryptocurrency mining according to that announcement. It is manufactured using a 7nm FinFET process from Taiwan Semiconductor Manufacturing Company (TSMC), Bitmain’s primary chip supplying contractor. The new chip amalgamates new chip design methodology together with an outstanding 7nm semiconductor manufacturing process. It requires lower power to operate offering energy consumption to computing ratio of as low as 30J/TH. Bitmain added that: “This is a 28.6% improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391. To achieve this, Bitmain’s engineering team has carefully customized the chip design to optimize its architecture, circuit and economics.” Antminers The latest ASIC will feature in the new S17 and T17 Antminer mining devices that Bitmain plans to launch later. This announcement comes a few months after the company unveiled its most recent S15 and T15 Antminers in November 2018. Both of these devices are powered entirely by the BM1391 ASIC. The company also launched ASIC miners for ethereum and zcash cryptocurrencies last year. That move made ethereum’s open-source development community developers to agree to implement an ASIC-blocking algorithm in January 2019. The algorithm, programmatic proof of work (ProgPoW), restricts the mining hardware on the network. However, ProgPoW faced delays earlier this February to give way for audits to gauge the effectiveness of the method. The Bears of 2018 The company will hope that this launch of a new mining processor will, in turn, improve its fortunes. 2018 was a hard year in the entire crypto market arena. An uninformed bet on BCH saw Bitmain lose over $740 million in Q3 2018 alone. In the fourth quarter of 2018, the company slashed its staff strength considerably in some cases laying of whole departments. Initially, the company dismissed its Israeli-based R&D department before firing its Bitcoin Cash development team. The co-founders Ketuan Zhan and Jihan Wu also left with reports emerging that the company was in search of a new CEO. The IPO plans suffered due to the dismal 2018 cryptocurrency markets. At the begging of this year, we announced that Bitmain’s proposed mega mining facility in Texas was put on hold. The mining business, in which Bitmain Technologies was leading, is becoming unsustainable; the persistent bearish market is partially to blame. A Blemished IPO The company may have lost approximately $500 million in Q3 2018 amid a generally bearish cryptocurrency market. Bitmain recently published an update on its financial results to the Hong Kong Stock Exchange (HKEx). The exchange is reviewing Bitmain’s application for an IPO (initial public offering). As confirmed in our earlier post, the IPO application was originally filed in September 2018. This update revealed that Bitmain earned almost $500 million in the first nine months of 2018. The earnings originated from slightly over $3 billion of revenues according to a genuine source familiar with the situation. However, the private filing does not break down the results on a quarterly basis. Previously, Bitmain announced that it had grossed profits of around $1 billion in the first half of last year. Subtracting that amount from a $500 million profit reported for the first nine months leaves a net loss of about $500 million for Q3. The company had also published $2.8 billion of revenues for the first half of 2018. Thus, the $3 billion figure for the first 9 months works out to Q3 revenues of a mere $200 million. When contacted, the company declined to comment due to its pending IPO application. However, an unnamed representative for Bitmain denied the report saying: “The rumors are not true, and we will make announcements in due course in accordance with the requirements of relevant laws and regulations” Although Bitmain denies the allegations, the massive layoffs last year prove that the company was going through a severely bleak patch. Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

a day ago

@lucaspukus You can't deposit BCH because its payment gatewa...

@lucaspukus You can't deposit BCH because its payment gateway is closed. Correct, you are able to deposit another a… https://t.co/9O562LXXvX

a day ago

Coinbase Wallet App Adds Bitcoin Cash Support

Coinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Adding BCH Support San Francisco-based digital currency platform Coinbase announced on Tuesday that its noncustodial wallet app now supports bitcoin cash. Siddharth Coelho-Prabhu, Product Lead at Coinbase, wrote that “Starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app.” However, he elaborated: The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet. Coelho-Prabhu emphasized that the wallet “supports both newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications.” It also supports “Bitcoin Cash Testnet to aid developers and power users,” he detailed, adding that his team also plans “to add support for the JSON Payment Protocol in the future.” The security of the Coinbase Wallet app is more advanced than its custodial web wallet counterpart. According to the announcement, users’ private keys are encrypted and stored on their mobile devices using a Trusted Execution Environment (TEE), or Secure Enclave technology. “This specialized hardware is considered the most secure way to safeguard private data on mobile devices,” Coelho-Prabhu claims. The BCH support follows the BTC support announced on Feb. 5. Coinbase Wallet previously supported only “ethereum, ethereum classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum,” the product lead noted. Other Developments A week before BCH support was added, Coinbase announced that users “can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud.” Coelho-Prabhu described, “This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.” However, the optional feature was met with a large amount of negative feedback on social media. Tallycoin developer DJ Booth tweeted, “This is a terrible idea and encrypting with a user-chosen password is even worse. Most people cannot choose/remember strong passwords and generally reuse passwords.” After hundreds of tweets disapproving of the new feature, the company responded: “If you feel uncomfortable storing an encrypted backup in your cloud account, you can keep a copy of the recovery phrase (mnemonic seed) by yourself.” Then, on Tuesday, Coinbase announced that it has acquired Neutrino, which describes itself as a blockchain data intelligence platform. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” explained Varun Srinivasan, Coinbase’s director of engineering. “It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.” What do you think of Coinbase Wallet app? Will you use it? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Coinbase Wallet App Adds Bitcoin Cash Support appeared first on Bitcoin News.

a day ago

Crypto Market Wrap: A Few Survivors As Markets Correct

Market Wrap Crypto markets starting to pullback; BNB, Maker and Stellar are keeping in the green, BCH, and Ethereum starting to slide. Crypto markets have started to correct as expected after a two day buying bonanza. Volume and market capitalization has pulled back a little as traders start taking profits. The next few days will be crucial in determining if recent gains can hold. Bitcoin hit resistance in an intraday high at $4,010 a few hours ago and, as predicted, pulled back to $3,940 where it currently trades. This is pretty much where BTC was yesterday after testing the same resistance level indicating further losses could be coming soon. Ethereum, after a very strong rally, has dropped 3% on the day as it corrects. ETH is currently trading at $142 and the gap to third has decreased back to $1.6 billion. XRP has remained stable on the day and is still at $0.323. In the top ten, Binance Coin is running away with it as a further 12% is added on the day. BNB touched $11 before falling back to $10.80 where it currently trades. The only other altcoin defying the pullback is Stellar which has made 4% enabling XLM to flip Tron for eighth place. The rest are in decline with Bitcoin Cash dropping the most at 4%, back to just above $140. Most altcoins are also correcting in the top twenty during today’s Asian trading session. One making an opposite move is Maker which has had a lot of positive momentum lately. MKR has added a further 8% on the day moving ahead of NEO in sixteenth to trade at $620. Everything else is dropping a percent or two. Storj has entered the top one hundred with a fomo driven pump of 15% at the time of writing. WAX is up and down like a yoyo, today pumping again with 13%. Binance Coin is the other top performer at the moment. There is only one double digit dump with REPO dropping 11% at the messy end of the table. ODEM is also having a bad day with a 9% dump. Total crypto market capitalization is holding above $130 billion but falling back slowly. After hitting a peak of $136 billion markets are now in decline as volume shrinks back to $30 billion during the selloff. Since last Wednesday markets have made 9% but the big question now is will these gains hold or is a big dump about to start again. Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals The post Crypto Market Wrap: A Few Survivors As Markets Correct appeared first on NewsBTC.

a day ago

Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower. EOS price traded above the $3.50 resistance and it is currently consolidating gains. Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area. Bitcoin cash price is placed nicely above the $140 support, with a bullish bias. Tron (TRX) price failed to stay above the $0.0250 support and later declined. The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers. Bitcoin Cash Price Analysis Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support. On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145. EOS, Tron (TRX) and BNB Price Analysis EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels. Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term. Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level. Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions. The post Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.

a day ago

Bitcoin Cash Merchant Acceptance Is Thriving in These 3 Regions

Bitcoin Cash supporters are all about spreading adoption, and many enthusiasts are relentlessly trying to get people to try BCH and merchants to accept the cryptocurrency for payments. Right now, there are three regions in the world with a significant number of BCH merchants: Slovenia, North Queensland, and Japan, areas which continue to add a slew of new brick n’ mortar stores every day. Also read: Regulations Have Ruined the Physical Bitcoin Industry Three Regions With Lots of Bitcoin Cash Accepting Merchants Bitcoin cash merchant acceptance is growing. According to Marco Coino, there’s close to 1,000 retailers willing to accept BCH as a means of payment for goods and services. These merchants can be located all around the world and each country displays the number of retailers who accept BCH in the region. As BCH merchant adoption continues to grow, there are three specific regions in the world that have dense populations of retailers accepting the decentralized cryptocurrency. Slovenia At the moment, the Republic of Slovenia has the most merchants that accept bitcoin cash. According to geo-mapping application Marco Coino, the sovereign state located in southern Central Europe has 207 active BCH retailers who accept the cryptocurrency for payments. Slovenia has always been known for doing business as the country is in the middle of important European cultural and trade routes. Slovenia has 207 merchants according to Marco Coino. The country has always been crypto friendly as well and most of the BCH merchants can be found in in the capital of Ljubljana, home to an area that is known as ‘Bitcoin City.’ BCH accepting merchants in Slovenia include the Asan Chill & Lounge Room, the Malibu Bar, AHZ Design, Venera Shop, the Blackout Bar, Potokar, Hot Horse, Soba’Room promenade bar, and Blockmaster. ‘Bitcoin City’, Slovenia. North Queensland Many bitcoin cash fans are probably familiar with the name North Queensland because residents have posted so many many stories about the region’s BCH acceptance, it’s hard not to notice them. At the time of writing, this northern region of Australia is home to 56 BCH accepting merchants. North Queensland has a large Bitcoin Cash meetup, and the area also hosted the country’s first BCH-only automated teller machine. North Queensland has 56 merchants according to Marco Coino. Right now BCH supporters can purchase meals, get their car fixed, and even get work done on their home by paying for the services in BCH. Merchants accepting BCH in the northern part of the Australian state include Bel Paese Pizzaria, Elements Studio, RJ’s Mechanical, Dawson Moving & Storage, FNQ Computers, and Toasted Bean Coffee. A denser area of North Queensland BCH-accepting retailers is located in the middle of Condon, Kelso, and the Townsville Conservation Park. North Queensland BCH supporters are extremely passionate about spreading bitcoin cash adoption. Japan Ever since Japan legalized cryptocurrency payments, the region has become a digital currency hub. Japan also has a ton of BCH merchants that accept the cryptocurrency for goods and services. According to the Marco Coino application, there are roughly 56 BCH accepting merchants in Japan. Japan has 56 merchants according to Marco Coino. Retailers accepting the cryptocurrency here include the Village Hostel Namba, Hikari Clinic, Ruins Minakami, Good Heavens, Rakan, Yakitori Wine Bar, Ginza Secret, Organic Hair Salon, So Law Office, Cafe de Perle, Soul Food House and Two Dogs Taproom. The Tokyo BCH meetup is extremely large as well, as the group currently has 1,253 members. One member of the Japanese BCH community is Akane Yokoo, a passionate supporter who is responsible for spreading a lot of merchant adoption throughout Tokyo. Akane Yokoo is responsible for kickstarting a lot of merchant adoption throughout Tokyo Spend & Replace: Kickstarting the Peer-to-Peer Electronic Cash Evolution Other global runners up that are densely populated with BCH-accepting retailers include the U.S., Colombia, Barcelona, Belarus, and London. Bitcoin cash merchant adoption continues to thrive and the many retailers listed on Marco Coino does not include the vast array of merchants using Bitpay and Coinbase merchant services. Many BCH supporters believe in the idea of “spend and replace” when it comes to using the decentralized cryptocurrencies. Supporters believe a deflationary currency can still be spent and replaced over time in order to kickstart its evolution as a solid means of exchange. At the moment Slovenia, Japan and North Queensland BCH supporters are taking the lead by continuously spreading more adoption and merchant acceptance. What do you think about Slovenia, North Queensland, and Japan having the most BCH merchants today? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Marco Coino, Twitter, and r/btc. Have you seen our widget service? It allows anyone to embed informative Bitcoin.com

2 days ago

Bitmain’s Game Plan: Rushes in Bitcoin Mining Chip Just a Day Before Reporting $500 Million Loss in IPO

Just yesterday, Bitmain announced the release of a new 7-nanometer Bitcoin mining processor that the company says offers new levels of energy efficiency. BM1397, the new ASIC (application-specific integrated circuit) will reportedly offer improvements in chip size, energy efficiency, and performance in the mining of the proof-of-work (POW) cryptocurrencies that are based on the SHA256 algorithm including Bitcoin (BTC) and Bitcoin Cash (BCH). Bitmain Technologies said in its official announcement: “This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391. To achieve this, Bitmain’s engineering team has thoroughly customized the chip design to optimize its architecture, circuit and economics.” These new chips are made using TSMC, (Bitmain’s chip supplier, Taiwan Semiconductor Manufacturing Company) which the company says it is “a testament to Bitmain’s improvements in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies.” The BM1397 chip that will feature new Antminer models the S17 and T17, to be announced at a later date by the company, is designed to provide a better mining experience while aiming to “set a new benchmark in ASIC chip technology.” Bitmain Losses $500 Million in IPO Filing Now, just a day after, the world’s largest maker of crypto mining equipment has reportedly made a loss of $0.5 billion in quarter 3 of 2018, reported CoinDesk. Citing a source, who saw the filing, during the first nine months of 2018, the company made a revenue of $3 billion while Quarter 3 saw only $200 million. The Beijing-based company that filed for an Initial Public Offer (IPO) in September last year recently provided its financial results update to the Hong Kong Stock Exchange (HKEx). However, according to HKEx rules, “the latest financial period reported on by the reporting accountants for a new applicant must not have ended more than six months from the date of the listing document.” Bitmain is currently going through a rough patch as there had been news of office closures and staff layoffs due to the slump in cryptocurrency prices as its main businesses are manufacturing the mining equipment and operating the mining pools. The post Bitmain’s Game Plan: Rushes in Bitcoin Mining Chip Just a Day Before Reporting $500 Million Loss in IPO appeared first on Coingape.

2 days ago

Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship

A recent report published by the Bank of Spain states that Bitcoin is a solution for the creation of a system without censorship. This is in contrast to public comments made by most central bankers who are prone to attack cryptocurrency with little insight into why it is needed. Also Read: Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018 Explaining Peer-to-Peer Electronic Cash to Bankers Banco de España, Spain’s central bank and supervisor of the Spanish banking system, recently published a report aiming to explain how Bitcoin works. The document details the functions of the cryptocurrency, as well as analyzing its strengths and weaknesses from the point of view of the established financial order. It also explains that the best way to understand the aims of the new system is by consulting the original Bitcoin whitepaper written by Satoshi Nakamoto. The report mentions that according to Nakamoto the world needs “an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” Thus the goal is to create an electronic payment system similar to cash which allows remote payments without the need for the intermediation of institutions such as banks. This is meant to enable truly irreversible payments and reduce intermediation costs. A System Without Censorship The report concludes that cryptocurrency was envisioned as a payments system without the possibility of transaction censorship or a central authority with the power to authorize or reject transactions. It states that “bitcoin is an imaginative and elegant solution to this problem” of “the creation of a system without censorship.” However the central bank’s report also determines that traditional payment systems do not seek to resolve this problem and therefore cryptocurrency is not an alternative to them. In line with the common position usually expressed by central bankers, the report ends by saying: “Taking into account that for most agents the existence of trusted intermediaries is not a problem, along with the costs and inefficiencies generated when an attempt is made to eliminate these intermediaries, it does not seem that bitcoin, as it currently stands, is going to have a significant impact for the financial sector as an alternative payment system to the traditional channels.” What do you think about the conclusions of this report? 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 Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship appeared first on Bitcoin News.

2 days ago

Bitcoin (BTC) chega em US$ 4.000 pela segunda vez em 2019

Por: Livecoins A semana aquecida no mercado fez o preço do Bitcoin (BTC) voltar a atingir US$ 4 mil. Sendo assim, essa é a segunda vez que a criptomoeda chega neste valor em 2019. Com esse aumento, o Bitcoin (BTC) mantém um bom desempenho no mercado, conquistado nas últimas semanas. Além da criptomoeda número um em volume de capitalização no mercado, outros altcoins viram os seus preços aumentarem expressivamente nos últimos dias. Há cerca de duas semanas o preço do Bitcoin (BTC) voltava a subir no mercado. Isso aconteceu após a criptomoeda aumentar de cerca de US$ 3.403,52 (05:44:00 UTC-3) para US$ 3.677,21 (17:44:00 UTC-3) no último dia (8). Desse modo, com esse aumento o preço do Bitcoin (BTC) manteve-se por volta de US$ 3.600 durante vários dias, antes de subir novamente para alcançar os US$ 4 mil nesta semana. Bitcoin (BTC) vive dias de glória no mercado de criptomoedas Após aumentar seu valor, o preço do Bitcoin (BTC) não voltou a cair, demonstrando ter força suficiente para testar novos valores. Dessa forma, por quase dez dias o preço do Bitcoin (BTC) cravou uma resistência por volta de US$ 3.600. Após esse período, a criptomoeda voltou a subir no mercado. Sendo assim, já no fim do último domingo (17), o Bitcoin (BTC) viu seu preço atingir US$ 3.716,36 (23:44:00 UTC-3) e não parou de subir desde então. A criptomoeda começou a semana otimista e o reflexo do mercado de touros continua a impulsionar o Bitcoin (BTC). Já na segunda-feira (18), o preço do ativo digital continuou a subir e registrou US$ 3.732,21 (00:29:00 UTC-3). Contudo, esse aumento continuou durante todo o dia, fazendo a criptomoeda atingir US$ 3.966,02 (21:59:00 UTC-3) em seu melhor desempenho nos últimos dias. Foi somente nesta terça-feira (19) que o preço do Bitcoin (BTC) alcançou novamente a marca de US$ 4 mil. Sendo assim, essa é a segunda vez que a criptomoeda atinge esse valor em 2019. A outra vez aconteceu entre os dias (06) e (09) de janeiro. Além disso, a criptomoeda viu esse valor ser registrado por algumas horas também no dia (10). O Bitcoin (BTC) atingiu o preço de US$ 4.002,89 (10:59:00 UTC-3) no meio da manhã desta terça. Contudo, foi às (11:04:01 UTC-3) que o ativo digital viu seu maior preço atingido no dia, sob o valor de US$ 4.010,88. Ethereum (ETH) e Bitcoin Cash (BCH) também crescem no mercado O aquecimento do mercado também impulsionou altcoins em uma onda de valorização. No caso do Ethereum (ETH), o ativo digital viu seu preço aumentar em mais de 15% nesta segunda-feira (18). Porém, foi somente na manhã desta terça-feira (19) que o altcoin alcançou US$ 149,31 (11:04:02 UTC-3). Esse aumento total representa mais de 20% de crescimento para o Ethereum (ETH) nos últimos sete dias. Já no caso do Bitcoin Cash (BCH), a criptomoeda praticamente acompanhou os índices do Ethereum (ETH). Com uma expressiva valorização na segunda (18), o hard fork do Bitcoin (BTC) viu seu preço chegar bem perto de US$ 150. Desse modo, na manhã desta terça-feira (19), o Bitcoin Cash (BCH) registrou o preço de US$ 149,56 (10:29:03 UTC-3). O artigo Bitcoin (BTC) chega em US$ 4.000 pela segunda vez em 2019 foi publicado originalmente em Livecoins.

2 days ago

Coinbase Acquires Cryptocurrency Surveillance Company Neutrino

Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies. Also Read: Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018 Coinbase Acquires Neutrino Coinbase, the San Francisco-based cryptocurrency exchange, announced on Feb. 19 that it has acquired Neutrino, which it described as a blockchain intelligence platform. The team of blockchain engineering and security experts will join the exchange’s workforce, and Neutrino will continue to operate as a standalone business based out of Coinbase’s London office. “Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial system to the world,” stated Varun Srinivasan, Engineering Director at Coinbase. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from people’s accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations. Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.” Intelligence Platform for Law Enforcement Agencies Neutrino was founded in 2016 by a team of cyber security specialists with over 30 years of experience in the field of technology exploitation and intelligence gathering. The company offers a platform specifically developed for companies operating in the cryptocurrency ecosystem. It promises to enhance AML/KYC checks and procedures by setting up customized “red flags” that involve checking the origin of incoming funds, verifying suspicious spending behaviors and more. Neutrino has also developed a platform specifically for law enforcement agencies, built for criminal investigations and intelligence gathering. It allows investigators to follow the flow of specific coins and their interaction with exchanges, mixers and other services as well as to spot people buying and selling goods on darknet markets, how much they spent, what they bought and from whom. Supported cryptocurrencies it analyzes include BTC, LTC, ETH, BCH and USDT, with more promised to be coming soon. What do you think about this acquisition of Neutrino by Coinbase? 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 Coinbase Acquires Cryptocurrency Surveillance Company Neutrino appeared first on Bitcoin News.

2 days ago

Bitcoin Cash [BCH] Price Analysis: Token shoots up by 12 percent, breaks multiple short-term resistances

Over $10 billion was added to the collective market cap as Bitcoin [BTC] surged past the $3,900-mark, unleashing the bulls. Bitcoin Cash [BCH] rose massively and is now the second-biggest gainer among the top-coins, following EOS, which was buoyed by a Block.one announcement. Bitcoin Cash has skyrocketed against the US dollar by 12 percent, as the coin is now trading at a whopping price of $146.5. The coin’s market cap is now $2.58 billion, just under $330 million behind Litecoin [LTC] in the fifth spot. In terms of exchange dominance, LBank takes the top-two spots, in the following trading pairs, BCH/BTC and BCH/USDT, accounting for $111.91 million or 14.53 percent and $70.19 million or 9.11 percent. Taking the third spot is Huobi Global, accounting for $56.57 million or 7.34 percent of the total BCH trading volume. 1-hour: Source: Trading View Bitcoin Cash has seen a massive price surge, as indicated by the recent uptrend on the one-hour chart, which stretches from $120.53 to $143.92, followed by some stabilizing movement. The coin’s immediate support level of $119.39 has been long-surpassed and a new level will likely be placed at $139.57. Bitcoin Cash has broken its immediate resistance level placed at $121.67 as the coin’s surge began on February 18. The Bollinger Bands show a massive increase in volatility as the coin’s price has fluctuated rapidly while the Moving Average line shows a downtrend. The Relative Strength Index shows that the coin has seen a surge in investor interest as the RSI has shot up to 86.32, well into the ‘overbought’ zone, and has since dropped to its current rating of 58.23. Awesome Oscillator is trading above 0. However, since the closing bars are red, the AO indicates that the bears may look to strike during the eventual market correction. 1-day: Source: Trading View Three noticeable trends are present in the one-day BCH price chart, the most prominent being the downtrend which has extended from $627.07 to $132.32. Prior to the same, the coin shot up from $440.27 to $624.81. Bitcoin Cash finds immediate support at $108.59, following a rise from $73.42. The coin has broken its immediate resistance level which was pegged at $131.81 and is now trading 11.2 percent higher than the same. The Parabolic SAR shows that the coin is trading among the bulls as the dotted lines are below the coin’s candlesticks. The Chaikin Money Flow tool shows the money inflow has surged following the massive price increase, with the CMF line currently above 0. The Fisher Transform line shows the coin is trading with bullish momentum as the Fisher Line is above the Trigger Line. Conclusion: The coin has seen a massive spike in its price, breaking both the long-term and short-term resistance levels, which were formed after a prolonged stabilizing spell. Volatility rose, investor interest surged and the bulls market their presence in the BCH market, even more so than its competitors, as Bitcoin Cash trades with a double-digit increase against the US dollar. However, the signs are not all positive as the AO line shows the bears might strike once the coin treads a correction course. The post Bitcoin Cash [BCH] Price Analysis: Token shoots up by 12 percent, breaks multiple short-term resistances appeared first on AMBCrypto.

2 days ago

Cryptocurrency Can Now Be Purchased at 10,000 French Tobacco Shops

A partnership between French company Digycode and national point of sale (POS) provider Ingenico has gone live, making it possible to buy cryptocurrencies offline at 10,000 tobacco shops in France - just under half of the total number of licensed tabacs in the country. BTC, ETH, LTC, XRP, and DASH are currently available, with BCH and XMR scheduled for sale in the near future. Also read: Bitcoin Goes on Sale in 24 French Tobacco Stores Significantly Expanding Customer Reach Digycode, a subsidiary of Toulouse-based parent company Digital Service, has not seen much reseller traction for its crypto services since its launch in August 2017, with only 30 POS spread across the country by the latter half of 2018. Not that this has impacted profits: Digital Service CEO Christopher Villegas reports that the Digycode product, previously in the form of prepaid cards, brought in revenue to the value of €1 million ($1.1 million) serving over 20,000 customers. Their hitherto limited reach is now set to change thanks to a triage partnership agreement with payment solutions firm Ingenico and numerous tobacco outlets dotted all over the nation. Ingenico has POS terminals in 10,000 shops spread out across the country, significantly broadening Digycode’s end-customer reach. In effect, this gives Digycode access to a 42% market capture of the 24,000 licensed tobacco shops open for business. Buyers can pinpoint their closest participating tabac crypto seller on the Digycode website A Packet of Smokes and Some Bitcoin, S’il Vous Plait In France, tabacs, as tobacco outlets are commonly known, sell more than just nicotine. They also offer national lottery tickets, resell mobile recharge vouchers, act as utility bill payment points, and have a selection of newspapers and magazines up for grabs. Thus, in customer’s minds, it’s a one-stop-shop for miscellaneous on-the-go transactions. The service, which went live on Feb. 11 2019, is available at all tabacs equipped with Devlyx cash registers - a brand particularly popular with tobacconists and newsagents. Thanks to this agreement, consumers can now turn cryptocurrency investors as easily as lighting a cigarette. Shoppers can purchase vouchers to the value of €20 ($23), €50 ($57), or €200 ($226), and convert them for the crypto of their choice on the Digycode website, where they’ll be added to the user’s wallet. On the menu is bitcoin core (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), and DASH. Better Benefits, Higher Fees? According to Villegas, the hefty 8 percent service fee will be offset by the value-added benefits that differentiates this service offering from online purchasing platforms, including privacy concerns with sharing bank details online, scam concerns on unrecognized platforms, and “devirtualization” of digital currency by bringing it into the real world. The company is no stranger to the world of virtual currency. Digital Service has been active in the country’s crypto space since 2014. In 2016, it launched bitcoin purchasing platform Zebitcoin and extended its service offering in 2018 with the launch of Zebitex, the first euro-crypto exchange in France. Regulators’ Stance In November 2018, overeager reporting by French radio station Europe1 stated that the Federation of Tobacconists had obtained authorization to act as cryptocurrency point of sales. Both the Federation and the Banque de France, the country’s central Bank, were quick to clarify that no such agreement had been reached. Instead, what was being referred to was a commercial agreement between POS-terminal supplier Bimedia and bitcoin platform Keplerk. The partnership would enable tabacs to provide coupon sales for the Keplerk platform, a service that came into effect in January 2019. The French have been able to start the new year with an interesting new addition to their daily tabac shopping options French regulators continue to maintain the position that cryptocurrencies, as speculative assets, should not be deemed currency, and has issued several warnings to lay investors that partaking in such investments are done at their own risk. Since cryptocurrency sales are legal tender, authorities have no bearing on such transactions. Small Steps Lead to Giant Leaps Similar to Zebitcoin, Digycode requires KYC. The initial onboarding process, therefore, isn’t quite as plug-and-play as tabac clientèle will be accustomed. Seeing a “Bitcoin sold here” sign at the corner store is also not akin to lining up to buy it. On the other hand, with cryptocurrency continuing to gain traction and the Yellow Vest movement burning banknotes, it could very well be a case of “build it and they will come.” While the availability of cryptocurrency at convenience shops is a way off from actively fostering adoption, awareness and availability are crucial first steps. Digital Service CTO Pierre-Guy Bareges explained to news.Bitcoin.com: We strive to democratize access to cryptocurrencies for the general public by making loc

2 days ago

How Bitcoin Cash’s Potential Could Impact Crypto

Over the past day, there has been a decent surge in the crypto markets and Bitcoin Cash, in particular, has seen a nice influx of price, come to think about it though, BCH hasn’t really gone through much volatility in recent times anyway. With this in mind, should you consider adopting Bitcoin Cash over Bitcoin and Ethereum? Well here are a few reasons as to why you should think about Bitcoin Cash in terms of adoption. $pend $pend $pend Why not spend your Bitcoin Cash and then save your Bitcoin? There are some people that have never redeemed their Bitcoin Cash simply because they haven’t had an interest in doing so. We now live in a time when is some real competition for fees on Bitcoin and so if you are going to get ready to move coins between crypto exchanges, the fee for making a quick conversion to Bitcoin Cash might be less than the withdrawal fee for Bitcoin. Typically, the withdrawal fee for Bitcoin Cash is lower too so there is a way to save money and once you’re there and get back into Bitcoin if that’s what you’re trying to do. Low Fees Speaking of low fees, the average transaction fee on Bitcoin Cash is usually less than a penny. Even though there are bigger blocks, most of them are pretty much empty when you compare it to Bitcoin. If you have a lot of inputs, your transaction fee will, therefore, be higher. Even so, as reported by CCN’s P. H. Madore, “the cost of a kilobyte is a penny, whereas the average cost of my last 10 transactions using the flagship cryptocurrency was between 7 and 9 cents. These were well-formulated transactions, crafted by Coinomi wallet.” Wide Adoption To be honest, Bitcoin Cash is already widely accepted as wherever Bitcoin is, Bitcoin Cash isn’t far behind. Some of the big supporters of Bitcoin Cash are platforms like BitPay and other alternatives. When it comes to the relatively new Bitcoin SV, you can’t really say the same thing as it has continued to lose value while BCH has been holding out steady at around 200 percent of its per-token price. Even so, some people aren’t prepared to make comments when it comes to the long term proposition of Bitcoin SV. On the other hand, Madore says that he has taken a little extra just in case we are in for a surprise. Making Blocks Smaller There seems to be a lot more discussion going on in the Bitcoin community in regards to the size of blocks in order to stimulate usage of networks such as the Lightning Network. Madore goes on to argue that, “artificial scarcity isn’t the same as real scarcity. The battle for the block size increase is over, and two new chains, each with their own markets and communities, arose from the wreckage.” In the end, this was probably going to happen anyway but it is questionable whether or not these communities would are viable or not. I agree with @LukeDashjr that the block size should be smaller. I feel more confidence to say it now that we have LN making strides. I'll run the soft fork. — John Carvalho (@BitcoinErrorLog) February 10, 2019 There are some people who will prefer to do transactions the old fashioned way, directly on the chain. But there are some people who don’t use Bitcoin enough to have to be concerned about setting up payment channels or figuring out how to use a third-party piece of software. One day it could become a necessary thing but regardless of whether or not block sizes are reduced, you would guess that most wallets will have adapted to the changing times by then such as Coinomi. Cautious Positivity As Madore writes, “I’m not a maximalist on anything.” He sees these kinds of views as toxic and “childish” which have the potential to push others away. The last thing you want to get involved in when joining a new community like cryptocurrency is the “true Scotsman” debates. Madore holds all three versions of Bitcoin and says that they are all equal but even so there is a clearly a lot more liquidity for Bitcoin and Bitcoin Cash. This isn’t the only thing that comes into consideration though. Bitcoin SV makes up for this in a really interesting developer community. Madore says that he is positive about Bitcoin SV due to the people who ignore the market negativity. But nevertheless, he is cautious.

2 days ago

Markets Update: BTC Tests $4,000, BCH and ETH Test $150

The cryptocurrency markets have produced several days of bullish price action, with BTC testing resistance near $4,000 for the time in five weeks today. In doing so, it’s broken the 100-day moving average for the first time in 272 days. In other market action, both BCH and ETH rallied to test resistance near $150, and EOS spiked to again rank as the fourth largest cryptocurrency by market capitalization. Also Read: Another ‘Satoshi’ Steps Out of the Woodwork, Calls Craig Wright a Liar BTC Tests $4,000 for First Time in 5 Weeks The cryptocurrency markets made a second bullish leg-up today, with only two of the top 50 crypto assets by market cap posting a drop in price during the last 24 hours as of this writing. BTC rallied to test resistance at the $4,000 area today, marking the first time that BTC has entered $4k territory since Jan. 10. Today’s gains were also driven by a slight uptick in volume when compared to yesterday. BTC/USD - Bitfinex - 1D In the last two weeks, BTC has gained approximately 16.25% since bouncing off local support at approximately $3,350 to currently trade for approximately $4,000 on Bitfinex and $3,900 on Bitstamp. BTC now has a market cap of $68.91 billion and a dominance of 51.50%. When looking at the stochastic RSI on the weekly chart, BTC is at its strongest since December 2017. BTC/USD StochRSI BCH and ETH Test $150 Bitcoin cash produced the second strongest gains of the top 50 cryptocurrencies by market cap today, rallying to test $150 for the first time since Jan. 10. BCH/USD - Kraken - 1D Since bouncing off support at $100 on Feb. 18, BCH has gained 38.5% to currently trade for nearly $146. When measured against BTC, BCH is currently trading for 0.0375 BTC, an 11% gain in two days. BCH is currently the sixth largest crypto asset with a capitalization of approximately $2.61 billion and a dominance of 1.94%. BCH/BTC - Bittrex - 1D Ethereum is currently trading for $150. In the last two weeks, ETH has gained roughly 43% over the dollar after establishing support at the $100 area. ETH/USD - Bittrex - 1D When measured against BTC, ETH is currently testing resistance at the major long-term price level of 0.0375. Ethereum is the second largest crypto asset with a capitalization of $15.53 billion and a dominance of 11.62%. ETH/BTC - Bittrex - 1D XRP Attempts to Convert $0.34 Resistance Into Support Ripple has gained 11.5% in two days, with the markets currently attempting to establish support at the recent resistance area of roughly $0.34. XRP/USD - Poloniex - 1D When measured against BTC, XRP is currently trading for nearly 0.000085 BTC after gaining more than 1% in a single day for the first time during February. XRP is currently the third largest cryptocurrency with a market cap of $13.86 billion and a dominance of 10.37%. XRP/BTC - Bitfinex - 1D EOS Overtakes LTC by Market Cap Of the top 50 markets by capitalization, EOS produced the strongest gains of the day, with the price of EOS increasing 16.9% over the dollar in the last 24 hours. Over the course of the last two weeks, EOS has gained nearly 55% to currently trade for $3.66. EOS/USD - Bitfinex - 1D When measured against BTC, EOS has broken above 0.0009 BTC for the time since Sep 20, 2018. Eos is currently the fourth largest cryptocurrency with a capitalization of almost $3.27 billion and a dominance of 2.44%. EOS/BTC - Bitfinex - 1D Eos’ gains have seen LTC slide one rank by market cap, with LTC currently ranked fifth with a capitalization of $2.95 billion. Despite this, LTC is testing long-term resistance at the $50 area for the first time since Nov. 14, 2018. LTC/USD - Bitfinex - 1W When measured against BTC, LTC is against testing resistance at a major long-term price area, with Litecoin currently trading for 0.012 BTC each. LTC/BTC - Bitfinex - 1W Do you think that markets will continue to be carried by bullish momentum for the rest of the week? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Tradingview 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.” The post Markets Update: BTC Tests $4,000, BCH and ETH Test $150 appeared first on Bitcoin News.

2 days ago

XRP and Stellar (XLM) Not Left Behind by ETH and EOS, Gain 8% in 24 Hours

In the last 48 hours, the crypto markets have provided an exciting time for traders across the world. Late Sunday found the total market capitalization standing at $121.7 Billion. The total crypto market cap has since gained $11.55 Billion and is currently valued at $133.255 Billion at the moment of writing this. Further checking individual cryptocurrencies, Bitcoin (BTC) is currently a few dollars shy of the $4,000 mark and is valued at $3,912. Ethereum has been the coin to watch since Sunday. ETH has had an impressive run in the markets from $124 to its current value of $147. This is an impressive 18.5% increment in the mentioned time period. EOS has also had an impressive run in the last 48 hours having exhibited gains of 23% since Sunday. The coin is currently valued at $3.58. Another coin that has had an impressive run is Bitcoin Cash (BCH) with 20% gains in the last 48 hours. XRP and XLM Catching Up As other major coins set the pace in the markets, XRP and XLM seemed to be lagging behind until now. Both are currently showcasing approximately 8% in gains in the last 24 hours. Further analyzing their price action since Sunday, XRP and XLM have gained by 11.8% and 12.5% respectively. This gives a clearer picture that the two digital assets have not entirely been left behind by the market excitement. Recent XRP and XLM Upgrades Looking at recent developments of the two digital assets, both have had recent upgrades to their code base. In the case of XRP, its newest ledger is version 1.2.0 that was released on the 13th of this month. This new code introduces the MultisignReserve Amendment. The latter reduces the reserve requirement associated with signer lists for Multisign. The new release also included incremental improvements to the code that handles offers in the decentralized exchange. Switching gears to XLM, the recent upgrade of Stellar’s code was made available to the public on Valentines Day. The new version (v10.2.0) has a multiple improvements centered around the stability of the network. The new release also has the following new features. simplified and documented metrics added progress meter when catching up ability to log (debug/trace) transactions and their results SCP status includes delayed validator information to help identify slow validators in quorum new command line format now accepts global switches anywhere (ie before or after sub-command name) What are your thoughts on the recent market performance of not only XRP and XLM, but the entire spectrum of cryptocurrencies? Do you think the current excitement will be sustained signalling a reversal of the ongoing bear market? Please let us know in the comment section below. [Feature image courtesy of Unsplash.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post XRP and Stellar (XLM) Not Left Behind by ETH and EOS, Gain 8% in 24 Hours appeared first on Ethereum World News.

2 days ago

Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms

Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims. BitPay Drops Bitcoin Bashing Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November. “95 percent of our payments are done in Bitcoin,” he said quoted on social media by commentator StopAndDecrypt. While the figure itself is unsurprisingly, Pair’s advocacy contrasts dramatically with comments he made just two years ago. As StopAndDecrypt noted uploading videos of two appearances, at the Consensus conference in May 2017, BitPay appeared to want to abandon Bitcoin altogether. At the time, the likely alternative was already on the horizon; Bitcoin Cash launched two months later. “At BitPay, the Bitcoin blockchain has stopped working for us,” Pair said. ...We have a couple of options: one is we start using a fork of Bitcoin, the second option is we start using a fork of Bitcoin and the third option is we start using a fork of Bitcoin. Big change from 2 years ago: "I don't really see this as a question of forcing a minority to do something they don't want to do, it's more allowing people the option to go off on a fork. At Bitpay the Bitcoin (BTC) blockchain has stopped working for us." 95% of payments in BTC. pic.twitter.com/zXShXL9ysR — StopAndDecrypt (@StopAndDecrypt) February 19, 2019 Easy Come, Easy Go? Pair added that BitPay’s “bread and butter” two years ago was payments between $5000 and $20,000. As Bitcoinist has reported, fees for the Bitcoin network have decreased dramatically since the advent of BCH, leading to the suggestion from StopAndDecrypt that Pair’s aversion to the BTC network was due to its then higher transaction cost. Fast forward to this year, however, and the company is actively discouraging alternative cryptocurrencies from asking for its support. Pair continued: Over the years the Dogecoin fanatics... the Litecoin fanatics came after us; they all tried to bend social media to create this perception that their coin is the one and... is going to beat Bitcoin, and therefore you should accept it. On the top of BCH, he said BitPay would continue to support the legacy fork, Bitcoin ABC, over Bitcoin SV. “That’s not changing,” he commented. In January, major Bitcoin SV proponent Calvin Ayre publicly said he had stopped his businesses from using BitPay. BitPay has faced an increasing backlash over its business practices over the last year, with rival developers intent on putting it out of business using open source alternatives for businesses wishing to accept Bitcoin. 2018 became the company’s highest grossing year despite the Bitcoin price market, with revenue reaching $1 billion. What do you think about Stephen Pair’s comments on Bitcoin? Let us know in the comments below! Images courtesy of Shutterstock The post Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms appeared first on Bitcoinist.com.

2 days ago

Earn FREE Bitcoin Cash (BCH) With the New Mobile App From Bitcoin Aliens

Released now on Android and coming soon on iOS, download the new Free Bitcoin Cash game from Bitcoin Aliens.... The post Earn FREE Bitcoin Cash (BCH) With the New Mobile App From Bitcoin Aliens appeared first on Invest In Blockchain.

2 days ago

What are the Possibilities of Bitcoin hitting $4000 in the Next 24hrs?

Perhaps the bulls have returned, perhaps they haven’t. Either way, the big bulls has intensified its momentum in many ways than one. In trading price, volume and market capitalization, Bitcoin has increased by more than 5% since the week began. However, this week, the coin is going on even stronger as Bitcoin moved from a trading price of $3,671 to $3,915 in a couple of hours. Currently, this price has moved up by $25, leaving Bitcoin at a trading price of $3,940 at press time. While Bitcoin traders are overjoyed by this newly achieved milestone, the underlying question remains the possibility of Bitcoin breaking out of the $3000 mark, moving to $4000 and maintaining that price. To start with, Bitcoin only needs a price increase of $60 to climb over to $4000. Estimating the swiftness with which Bitcoin added $25 to its price in one day and considering that Bitcoin is already up by 5.27%, it is almost impossible that Bitcoin would close at a price lower $4000. However, Bitcoin remaining at $4000 is the bigger question, and while the overall market has increased by over $7 billion, the bulls have not lasted long enough to guarantee that this will be a long-term Bitcoin rally. Altcoins Meanwhile, despite the uncertainty of the bulls, tokens like Ether, EOS, and BCH have also managed to stay afloat and emerge as some of the highest gainers since the past 24hrs. Ethereum Ether which is up by 7.68% surged by more than $2 billion in market capitalization since this week began. Trading at $148.32, Ether is also heading towards a breakout of $150. EOS EOS currently up by 23.69% against the USD has been outperforming since yesterday. EOS manages to hit two milestones yesterday, one of which was its breakout in trading price from $2 to $3. More interestingly, this price of $3.63 is headed towards another breakout to $4. BCH With 15.23% in gains, BCH’s trading price of $150.44 is not exactly headed to a breakout, but with a market cap of $2.65 billion against LTC’s $2.92 billion, BCH is certain to become the 5th largest cryptocurrency if trading volume continues in this pattern. The post What are the Possibilities of Bitcoin hitting $4000 in the Next 24hrs? appeared first on ZyCrypto.

2 days ago

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

CoinSpeaker Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals Grayscale Investments, New York-based company that specializes in digital asset management, has published the 2018 annual report that demonstrates an increase in Bitcoin investment despite the long-lasting bear market. According to the data provided by Grayscale Investments, for the fourth quarter of 2018, the company contrived to attract a total of $30.1 million, with the average weekly investment making up $2.3 million. A total investment sum for the whole 2018 accounted for $359.5 million, which is a 400 percent increase from 2017’s results and an almost 300 percent growth for all previous four years. Michael Sonnenshein, the Grayscale managing director, said: “It was by no means our best quarter, but it’s certainly important to recognize that despite the price declines investors were actively engaged.” It is notable that Bitcoin products were invested in most. In the Q4 2018 alone, capital inflows from Bitcoin investors reached 88 percent of the $30.1 million realized during the period. Only 12 percent were into products tied to other digital assets. The report reads: “In the fourth quarter, 88% of inflows were into Grayscale Bitcoin Trust, while 12% were into products tied to other digital assets.” Of the last weekend, $2 Million went to Grayscale Bitcoin Trust and $0.3 Million went towards other investment products based on such digital assets as Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), XRP and ZCash (ZEC). Such a result comes even in terms of a year-long bear market that made prices decrease by more than 80 percent. The company has also drawn attention to the role of institutional investors in such inflows. According to the report, institutional investors contributed 66 percent of inflows. Retirement accounts and accredited individuals accounted for 40 percent and 14 percent accordingly. The report reads: “These datapoints reinforce two important trends that we’re observing. First, the average investor at this stage of the bear market is patient with a multi-year investment horizon (i.e., investing for retirement). Second, institutional investors are building core strategic positions in digital assets over time and have largely viewed the 2018 drawdown as an attractive entry point. While the dollar amounts invested declined in Q4, institutional investors share of the ‘new investment pie’ was roughly consistent throughout the year.” For those investors, Bitcoin is the best and most trusted asset to put money in. The Grayscale team is not surprised by this Bitcoin’s dominance. Barry Silbert, the founder of Grayscale, said: “Bitcoin has the potential to radically transform our concepts of money, store of value, and the means by which assets are exchanged the world over.” Cryptos As a Long-Term Investment for Institutions Commenting on Grayscale 2018 report, Senior Market Analyst at eToro Mati Greenspan said that institutional investors are becoming aware of the necessity to diversify into the crypto industry. Recently, Boston-based Cambridge Associates, an institutional investor consultancy firm, stated that despite all the challenges faced by cryptos, investors should explore this industry, as cryptos can be a long-term and profitable investment. The firm said: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.’’ The advice has been supported by former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital Mike Novogratz who has always been a vocal Bitcoin proponent. Earlier, he predicted that the crypto industry will undergo a structural shift from “a people’s revolution to an institution-led one” and advised all macro funds to hold at least a small percentage in Bitcoin. Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

2 days ago

Markets Update: Cryptocurrencies Bullish Following Higher Lows

The cryptocurrency markets have enjoyed a day of significant bullish action, with only four of the top 80 crypto assets by capitalization posting a 24-hour loss as of this writing. ETH was the strongest performing leading market, comprising the only cryptocurrency in the top 25 by market cap to post a double-digit gain for the day. Also Read: Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs BCH and BTC Hold Above 2018 Lows After six weeks of sideways consolidation, many leading cryptocurrencies are testing local resistance areas after avoiding a retest of December’s lows. When measuring from December’s low to the peak of the immediately ensuing bounce play, bitcoin cash is currently testing resistance at the 0.618% Fibonacci retracement area (approximately $130) after establishing support at the 0.786% retracement zone (roughly $100). BCH/USD - Kraken - 1D BCH/BTC price is also testing resistance at the local 0.618% Fibonacci area after establishing support at 0.786%, with BCH currently trading for nearly 0.035 BTC. Bitcoin cash is the sixth largest cryptocurrency market with a capitalization of $2.31 billion and a dominance of 1.83%. BCH/BTC - Bittrex - 1D BTC has also posted a potential higher low after establishing support at the 0.786% retracement area. The bounce off the $3,400 area has seen BTC oscillate between the 0.618% and 0.5% retracement zones, with 1 BTC currently trading for roughly $3,700 on Bitstamp and $3,800 on Bitfinex. BTC/USD - Bitstamp - 1D Bitcoin core currently has a market cap of $65.8 billion and a dominance of 52.1%. ETH Gains More Than 10% in 24 Hours After starting 2019 with a test of resistance at the $160 area, ETH produced approximately four weeks of bearish momentum, before bouncing off resistance just above the 0.786% area at $100. Since then, ETH has gained almost 35% over the dollar, with the price of ethereum currently hovering just below the 0.236% retracement area at nearly $140. ETH/USD - Bitstamp - 1D When measured against BTC, ETH is testing resistance at the 0.236% retracement area of 0.037 BTC after having established support between the 0.786% and 0.618% Fibonacci area above 0.03 BTC at the start of the month. ETH/BTC - Poloniex - 1D Ethereum is currently the second largest crypto asset with a market cap of $14.58 billion and a dominance of 11.53%. Do you think the bear trend has bottomed out or is more bloodshed still to come? Share your thoughts in the comments section below! Images courtesy of Shutterstock, markets.Bitcoin.com, Tradingview 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.” The post Markets Update: Cryptocurrencies Bullish Following Higher Lows appeared first on Bitcoin News.

2 days ago

Crypto Trading Volume Hits 9 Month High at $34 Billion

Market Wrap Crypto markets still rallying; EOS and BCH running away with it, Cardano, Dash and ETC performing well. The big crypto rally which began with Ethereum yesterday has continued today where a different top performer has emerged. Total market capitalization reached a high of $134 billion as a further $9 billion was added to yesterday’s pump. Daily volume has not been over $34 billion since late April 2018 according to Coinmarketcap. This marks a huge 9 month milestone in crypto trading volumes and some analysts have predicted the beginning of what they term as ‘altcoin season’ where market cap for them alone reaches a pivotal resistance point on the long down trend line. Bitcoin has approached key resistance at $4,000 before pulling back to current levels around $3,920. This represents a 5% gain on yesterday’s levels where BTC reached $3,750. Bitcoin has run out of steam in previous recent two-day rallies so it is not expected to break resistance. Ethereum has extended its lead over XRP by adding another 7% on the day to reach $147. The gap between the two is now just over $2 billion as Ripple’s token faces possible competition from JP Morgan’s new stablecoin. XRP added 5% on the day to reach $0.324. Today’s top ten champion is EOS which surged 30% before pulling back to current levels around $3.60. It has raced past Litecoin and retaken fourth place with a clear margin of nearly $400 million. EOS volume pumped to over $2.3 billion pushing the token to a three month high. Bitcoin Cash is also performing well during the day’s Asian trading session as it adds double digits and approaches $150. The top twenty is showing a more balanced round of gains with Cardano, Dash and Ethereum Classic leading the group here making over 8% since the same time yesterday. The rest are showing solid improvements from low levels over the past 30 days. Aside from EOS and BCH, big fomo is also going to Mixin at the moment pumping 17%. Holo is also getting a big hit with a 15% jump on the day. EOS is the top one hundred’s top performer though. Predictably yesterday’s pump is dumping today as WAX sheds 16% and Quant is not far behind dropping 9%. Total crypto market capitalization has increased by 6.4% on the day and is currently just below $133 billion. The $8 billion injection is significant but the increase in daily volume to a nine month high of $34 billion could be signs of a continuation of this rally and possible trend reversal. Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals The post Crypto Trading Volume Hits 9 Month High at $34 Billion appeared first on NewsBTC.

2 days ago

Flash Hike: EOS surges by 34% while Bitcoin Cash [BCH] registers 14% growth

The cryptocurrency market has been stagnating for a very long time, but the trend seems to have been broken, considering the pump that happened between February 18 and 19. The total market cap of the cryptocurrency ecosystem increased by a massive $14 billion and is currently at $132 billion. The rally seen is different from other rallies because it is not being led by Bitcoin, the king of cryptocurrencies, but instead, is being spearheaded by EOS, which is currently sitting at the fourth position on CoinMarketCap. EOS EOS hiked by a total of 34% in the above-mentioned time frame, jumping to a price of $3.88 from a mere $2.88. The market cap at its peak reached $3.43 billion from $2.5 billion. From the chart below, it can be seen that there was the formation of a mixture of Dark Cloud Cover pattern and Bearish Engulfing pattern at the top of the rally, which indicates the rally’s loss of strength and a clear reversal of the same. Source: TradingView The price increase percentage is currently at 22.06%, with the price at $3.65 and a market cap at $3.257 billion. Bitcoin Cash [BCH] Roger Ver-led Bitcoin Cash was the second-most-pumped coin as it hiked by a maximum of 24.85%. The price of BCH increased from $120 to $150, however, the rally declined momentarily causing the prices to dip. A bearish engulfing pattern can be seen at the current price candle, which indicates the end of the uptrend and the start of a downtrend. Source: TradingView The price of BCH, at press time, was $144.51, with a market cap of $2.587 billion. The volume seen in the chart above confirms that the rally has reached exhaustion. Litecoin [LTC] Considering the top-10 cryptocurrencies, the third-most-pumped coin at press time was Litecoin, which rose by 7.16% at the time of writing. Litecoin started the rally on February 17, 13:00 UTC, when the prices were at $42.12 and the market cap was at $2.646 billion. The rally that followed raised the price to $48.8, which is an increase of 16%. Source: TradingView The current price of Litecoin is $46.99 and the market cap is hovering at $2.884 billion. Litecoin, which was sitting at the fourth position, has now fallen to the fifth spot as EOS led the rally. The volume for Litecoin as seen in the chart above shows a decline in the trend. The post Flash Hike: EOS surges by 34% while Bitcoin Cash [BCH] registers 14% growth appeared first on AMBCrypto.

2 days ago

@vovano_ @CryptoCoinsNews 🤨 Litecoin's fees are 10x higher t...

@vovano_ @CryptoCoinsNews 🤨 Litecoin's fees are 10x higher than BCH fees, and it isn't accepted as anywhere close t… https://t.co/pf15DWNVrb

3 days ago


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