Day: September 21, 2018

Bitcoin ‘Seller Fatigue’ Means Market Has Bottomed, Michael Novogratz Tells Yahoo

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Galaxy Digital CEO and infamous Bitcoin (BTC) supporter Michael Novogratz says cryptocurrency markets have hit “seller fatigue,” repeating his belief that prices have bottomed, various media outlets report Friday, September 21. As part of his comments at Yahoo Finance’s second annual “All Markets Summit,” Novogratz, who last week “called a bottom” for crypto on social media, said Bitcoin’s price drops throughout this year had demonstrated its new stability. “Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value,” he told…

Ethereum Veterans Join Forces to Create the DAV Foundation

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Ethereum Veterans Join Forces to Create the DAV Foundation September 21, 2018 by Paul de Havilland The DAV Foundation, led by Ethereum veterans, has begun working on the formation of their startup to create a decentralized global network for autonomous vehicles. Also see: Japanese Exchange Zaif Hacked, Loses $59.7 Million USD Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts DAV Foundation to Tie Loose Autonomous Vehicle Ends The Zug, Switzerland-based startup, which held a successful ICO over a mere two weeks in June, is building a decentralised…

Bitcoin Price Watch: BTC Surges Above $6,600, Next Target $6,850

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Key Points Bitcoin price is trading with a bullish angle above the $6,430 level against the US Dollar. There was a clear break above a major bearish trend line with resistance at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair recently managed to surpass a major resistance near the $6,600 level. Bitcoin price settled above a key pivot at $6,430 against the US Dollar. BTC/USD could accelerate towards $6,850 if buyers succeed in surpassing the $6,750 resistance. Bitcoin Price Analysis There was an…

The SEC is set to rule on the VanEck-SolidX bitcoin ETF proposal

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According to an announcement made yesterday, the U.S. Securities and Exchange Commission (SEC) is set to rule on the VanEck-SolidX bitcoin ETF proposal. The agency has already begun proceedings to decide whether they will approve the proposed bitcoin exchange-traded fund. The SEC has already published an order to institute proceedings that will determine whether to approve or disapprove the proposed rule change that was filled by Cboe BZX Exchange, Inc. If the SEC approves, Cboe will be free to list a bitcoin ETF that was pitched earlier this year by…

Ripple Price Analysis: XRP/USD Rally Looks Real, Next Target $0.52

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Key Highlights Ripple price rallied sharply and broke the $0.4000 and $0.4600 resistances against the US dollar. There was a break above a key contracting triangle with resistance at $0.3350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently consolidating gains above the $0.4400 and $0.4200 support levels with positive signs. Ripple price rocketed past many hurdles against the US Dollar and Bitcoin. XRP/USD is in a clear uptrend above the $0.4000 pivot level. Ripple Price Analysis The past few sessions were very…

Genesis Hub incubator launched by Swiss investors to help startups

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A consortium of Swiss investors has launched a private equity vehicle that aims to collect up to $100 million with the long-term goal of getting 1,000 blockchain companies off the ground internationally every year. The Swiss company Crypto Valley Venture Capitalexternal link (CV VC) launched its initial “Genesis Hub” incubator in Zug, home to Switzerland’s Crypto Valley, on Thursday. Starting with 20 blockchain start-ups, it aims to fund and mentor 60 new companies per year. The consortium has ambitious plans to replicate this incubator in different parts of the world, developing a…

‘Turbo Geth’ Seeks to Scale Ethereum – And It’s Ready in Private Beta

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There’s a software ready to help ethereum scale – right now. Revealed exclusively to CoinDesk, the raw architecture of Turbo Geth has been completed — and is currently available to early adopters for testing. Alexey Akhunov, the independent software developer that built the software, told CoinDesk that unlike many other scaling solutions, Turbo Geth looks at tackling ethereum’s so-called state, instead of transaction congestion and costs. The term “state” in this context describes the every-increasing history of all computations of the network. By rewriting Geth, the Ethereum Foundation’s in-house software for…

Ethereum Price Analysis: ETH/USD Turned Buy on Dips

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Key Highlights ETH price surged higher and broke a key resistance near $210 against the US Dollar. This week’s followed important bearish trend line was breached near $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $230 level and it is currently correcting lower in the near term. Ethereum price is positioned for more gains against the US Dollar and bitcoin. ETH/USD could correct lower, but dips towards $416 and $412 remains supported. Ethereum Price Analysis Recently, there was a consolidation phase formed…

Bitcoin (BTC) Price Watch: Reversal Pattern Confirmation on SEC Order

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Bitcoin Price Key Highlights Bitcoin price looks ready to confirm its double bottom reversal formation as it tests the neckline. A break higher could lead to a rally that’s the same height as the chart formation, which spans $6,100 to $6,650. Technical indicators, however, are reflecting bullish exhaustion. Bitcoin price could be due for an uptrend as it tests the neckline of the short-term double bottom formation. Technical Indicators Signals The 100 SMA recently crossed below the longer-term 200 SMA to signal that the path of least resistance is to…

Bitfury Launches New Generation of ASIC-Based Bitcoin Mining Hardware

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Bitcoin (BTC) mining software manufacturer Bitfury Group has launched a new generation of its BTC mining hardware based on its Application-Specific Integrated Circuit (ASIC) chip Bitfury Clarke, according to an announcement published September 19. An ASIC chip is a piece of mining hardware geared to mine digital currency based on a specific hashing algorithm. An ASIC is tailored for a particular use, rather than for general-purpose use. The Bitfury Clarke ASIC will be sold individually in addition to being integrated into Bitfury’s other BTC mining hardware, including its mining servers…