Day: August 24, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 24

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On August 22, the U.S. Securities and Exchange Commission (SEC) rejected 9 proposals for new Bitcoin exchange-traded funds (ETFs), but – perhaps surprisingly – the news did not result in a crypto market crash, like it did in similar instances before. This shows…

Mt Gox Estate Begins Accepting Claims from Bitcoin Creditors

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Creditors of infamous bitcoin exchange Mt. Gox may finally get their money back, or at least some of it, anyway. According to a notice dated Aug. 23 and attributed to Mt. Gox trustee Nobuaki Kobayashi, the company has opened an online claim filing system so that creditors can begin registering claims on the funds that they lost when the exchange, once the dominant bitcoin trading platform, became insolvent in 2014. Creditors can also fill out claim forms offline and submit them through the mail. As CCN reported, Mt. Gox went…

Crypto in a Bear Market: Highlights from Chicago’s Voice of Blockchain Conference

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Even when a bear market shows it teeth, the diehards show up. That’s the lesson that Joe Hernandez, organizer of Chicago’s first-ever Voice of Blockchain conference, is taking away from the first day of the event. “People say that a market like this gets rid of the riffraff—but I like to believe that it really brings together people who are participating in [blockchain] technology for a purpose,” said Hernandez, who perhaps best known in Chicago as “Disruption Joe.” It’s been a rough time for crypto and blockchain evangelists, with the…

Dash Is in Trouble – Bitcoin News

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2018 hasn’t been kind to cryptocurrencies, with every major asset except for BNB recording a loss for the year to date. Dash has been particularly hard hit, slipping from 7th to 14th by market cap, and down 92% from its all-time high. A growing schism, culminating in a motion to replace Dash CEO Ryan Taylor, has thrown another spanner in the works. Also read: A Look at Two More Bitcoin Cash Token Projects in the Works Dash Is on the Decline Something’s up with Dash. The veteran cryptocurrency, an altcoin staple…

An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex

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One of the first “ethereum whales” appears to be having second thoughts about the second-largest cryptocurrency’s prospects. One of Ethereum’s First Whales is Funneling Millions to Bitfinex That anonymous investor, who received more than 314,000 ETH from the network’s Genesis block as a result of their investments in the Ethereum initial coin offering (ICO), has this week funneled approximately 20,000 ETH to Bitfinex, worth approximately $5.5 million at the time of writing. ETH address: 0xB23cC6D921271148F7f157F9bf5D5D9Ae5A34240 | Source: Etherscan The development was first noted by California-based attorney Zoe Dolan, who has been…

A Look at Two More Bitcoin Cash Token Projects in the Works

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Since the Bitcoin Cash upgrade last May there’s been a sudden emergence of token creation protocols introduced to the BCH protocol. Lots of projects and ideas have been released over the past few months priming up the flames of competitive development. Now there are two more BCH-based token protocols that have been introduced to the BCH community — Recursive Smelting and a javascript project called Bitcoin Token. Also Read: Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add? Two More Bitcoin Cash-Powered Token Projects Revealed So many…

Ohio Lawmakers, Academics Plan to Make State a Hub for Blockchain Development

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The U.S. state of Ohio has made a bid to position itself at the fore of blockchain innovation, according to remarks made at a recent press conference at the Ohio Statehouse August 23. A group comprising lawmakers, academics and figures from the business world were convened by Ohio House of Representatives Speaker Ryan Smith to discuss plans to foster the development of the technology and attract blockchain developers and enterprises to the state. Smith emphasized blockchain’s potential for innovating the public sector by improving the security of storing and circulating…

BTCUSD in Slow and Stable Upside

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Bitcoin today underwent a slow and stable upside correction, rising as much as 4.5 percent from the previous day bottom at $6,317. BTC/USD kicked off towards 6500-fiat during the early trading session and established its intraday high around 6580-fiat. The pair, however, began to settle down near the said high as the European trading session came into play. There were minor some bearish correction as the day matured. But, at the time of this writing, and at the beginning of the US session, the BTC/USD has extended its downside correction and…

Bitcoin Price Could End Day With Tightest Trading Range of 2018

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The bitcoin market has gone comatose today with a key volatility reading hitting fresh yearly lows. The daily bitcoin volatility, as represented by the spread between the daily price high and price low (as per UTC), currently stands at $84 – the lowest level since July 9, 2017 – according to CoinDesk’s Bitcoin Price Index (BPI). Back then, the spread was seen at $68. Assuming that this differential remains at $84 until 00:00 UTC hours, we can say that bitcoin’s daily volatility has hit an 13-month low Friday. The reading…

S. Korea’s Top Crypto Exchange Upbit Defies Bear Market, Posts $100 Million Profits in Q3 2018

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South Korea’s largest crypto exchange, Upbit —  a crypto-only platform run by a subsidiary of Korean tech giant Kakao —  has posted a $100 million profit in the third quarter (Q3) of 2018, Yonhap News reported August 23. As Yonhap reports, Kakao’s recent Semiannual Report indicates that the net profit of Upbit operator Dunamoo was 19,330 million won ($17.35 million), with total assets adding up to around 1.25 trillion won (around $1.1 billion). Last year, the company posted a net income of 190.31 billion won ($170 million), while its total…