Day: November 5, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, November 5

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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. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. We are into the final two months of the year, which have historically proven strong for Bitcoin. So, will the markets rally from current levels by the end of December? During a recent simulation of three econometric models by Greg Giordano and Panos Mourdoukoutas,…

BitMEX Launches New Fork Monitoring Website to Keep Track of Bitcoin Forks

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BitMEX just launched a website to make it easier to keep tabs on hard and soft forks on the Bitcoin blockchain. According to a recent blog post, the research arm of BitMEX is sponsoring a new website, ForkMonitor.info, which is connected to 13 nodes of Bitcoin and its hard forks, most notably Bitcoin Cash. The website will monitor many different aspects of the networks and their associated blockchains, with the ultimate goal of keeping track of these variables during forks to be “potentially useful in helping to detect unintentional consensus…

ICO Guidance in "Plain English"

The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, and will do so in “plain English.” The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether’s account at the Bahamas-based institution is “authentic.” Switzerland’s Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets. A little-known ethereum project called Lition is quietly helping real German citizens find cheaper energy. Late Confirmation is a CoinDesk production. For more…

Bitcoin Futures Volatility Hit Record Low in October: CBOE

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Twitter Facebook LinkedIn Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt, senior instructor for The Options Institute at CBOE Global Markets, who said that Chicago-based derivatives exchange saws record low volatility in its bitcoin futures market during the month of October. Speaking on the subject during CBOE’s latest weekly bitcoin futures roundup, he said: “Last week, which ended on October 26, saw the…

Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans

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There’s only 10 days left until the Bitcoin Cash (BCH) network hard fork scheduled for Nov. 15. At the moment the upgrade has two competing BCH clients with different ruleset changes, so the upcoming fork could cause a chain split. Because of the contention over certain upgrade proposals, a slew of exchanges and wallet providers have revealed their contingency plans for the upcoming consensus change. Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps   Hard Fork Contingency Plans Are Laid Out Bitcoin Cash fans have a…

Bitcoin Price Broaches New Weekly High But Slips into Bearish Correction

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Twitter Facebook LinkedIn On Monday, bitcoin underwent a bearish correction after establishing a new weekly high at 6440-fiat, falling close to 0.8 percent. Bitcoin Hits Weekly High The BTC/USD pair is trading in a bull trend above the 200-period simple moving average on hourly charts. The big move yesterday seems to have appeared more because of Tether, whose USDT token lost its dollar-peg once again, and its holders started jumping towards other coins. Prior to that, the BTC/USD pair was already pursuing a stable uptrend on near-term charts, albeit with…

China’s Central Bank Wants to Put the Damper Airdrops: Report

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The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. Based on the report, the bank states that the companies running token giveaways are evading China’s…

Cybersecurity Experts Claim to Have Made Progress in Tracking Zaif Exchange Hackers

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Cybersecurity experts say they have found potentially incriminating evidence against the hackers of Japanese crypto exchange Zaif, according to an official statement today, Nov. 5. The experts are from Japan Digital Design Co. (JDD), a subsidiary of bank holding giant Mitsubishi UFJ Financial Group (MUFG). As previously reported, as a result of a security breach on the Zaif exchange in mid-September, hackers succeeded in stealing 6.7 billion yen (about $59 million at press time) worth of crypto assets belonging to both users and to the exchange itself. Specifically the compromised…

After ‘Negligible’ Mining-Related Sales, AMD Launches 8 New ‘Blockchain Compute Solutions’

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AMD, a California-based semiconductor manufacturer, has evidently partnered with seven major tech companies to produce eight new cryptocurrency mining rigs, according to AMD’s official website as of today, Nov. 5. As per the list of newly-released miners on AMD’s site under the title “AMD and Blockchain Technology,” the firm has partnered with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek to issue eight different rigs boasting “Ultimate stability,” “24/7 performance” and “Enterprise-level quality.” The price for the equipment has not yet been specified at press time. On their website, AMD…

Ethereum Token You’ve Never Heard of is Hogging 10% of the Network’s Gas

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Twitter Facebook LinkedIn A Reddit user has complained that a virtually unknown token is consuming a large amount of Ethereum’s gas supply. Gas is a measurement of the computational work required to do a given transaction on the Ethereum network. Different smart contracts have different requirements. It is not exactly the same as a transaction fee but it can be viewed as such in terms of economics – when more gas is required, a transaction is, therefore, more expensive. When many transactions are being executed at once, the resources of…