November 6, 2018

SegWit – The Coinbase Blog

November 6, 2018 boss

We wanted to give our customers an update on Bitcoin Segregated Witness (SegWit) transactions. While we plan to support SegWit in 2018, at this time we are focused on operating a secure and stable platform before implementing new features. We are excited to offer features that our customers want, but securely storing customer funds will always remain our top priority. Following security, we are committed to ensuring our exchange remains available and performant even during periods of peak activity. Many of our customers are asking for SegWit, and we hear…

Bitcoin Cash Trading Now Available on GDAX – The Coinbase Blog

November 6, 2018 boss

We’re happy to announce that Bitcoin Cash (BCH) is now listed and available for trading on GDAX. We made the decision to list BCH by considering such factors as customer interest, developer support, network security, market capitalization, trading volume, and our Digital Asset Framework. You can read more about Bitcoin Cash on our FAQ page. The following order books have been created and will remain in post-only mode until there is sufficient liquidity for trading: BCH–BTC BCH–USD BCH–EUR Bitcoin Cash was created by a fork of the Bitcoin network on…

Please invest responsibly — an important message from the GDAX team

November 6, 2018 boss

We at GDAX couldn’t be more excited by the explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it does create extreme volatility and stress on our systems. We take this very seriously and wanted to share some important thoughts. We’re continuing to invest heavily to scale our platform Over the course of this year…

"The Largest Crypto Giveaway in History"

November 6, 2018

Bitmain is launching two new Antminer models targeting the bitcoin mining industry. U.S. elections drama may be dragging Augur out of the doldrums. Crypto wallet provider Blockchain says it’s about to stage what it’s calling the “largest crypto giveaway in history.” Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital. Late Confirmation is a CoinDesk production. For more information, visit www.CoinDesk.com Source

Crypto Markets in The Green, XRP Sees Major Boost Briefly Overtaking ETH by Market Cap

November 6, 2018 boss

Tuesday, Nov. 6: top cryptocurrencies have seen strong gains on the day, with Ripple (XRP) temporarily overtaking Ethereum (ETH) as the top altcoin by market capitalization. Market visualization from Coin360 Bitcoin (BTC) is up 0.3 percent over the last 24 hours, and is trading at around $6,447 as of press time. Having briefly dipped below $6,400 during the day, BTC has rebounded and is pushing a slightly higher price point. BTC is still down 1.67 percent over the past 30 days. Bitcoin 7-day price chart. Source: CoinMarketCap ETH has…

Crypto Mining Consumes More Energy Than Mineral Mining

November 6, 2018 boss

A recent study by scientific journal Nature Sustainability published Nov. 5, reveals that crypto mining consumes more energy than mineral mining to produce the same market value. Scientists from the U.S. Department of Energy’s Oak Ridge Institute for Science and Education conducted a study to evaluate how much energy is consumed by mining cryptocurrencies in comparison to aluminium, copper, gold, platinum and rare earth oxides. The scientists reviewed the period from Jan.1, 2016, to June 30, 2018, and found that the mining of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and…

Crypto Market May be Poised for Bullish Breakout

November 6, 2018 boss

Twitter Facebook LinkedIn Bitcoin on Tuesday confirmed another bull flag formation after reversing from its downside correction action. The BTC/USD pair has almost negated the losses made during yesterday’s trading session, bringing the 24-hour gains to 0.46 percent. The pair found a strong intraday support level at 6372-fiat, just ahead of testing the lower trendline of the parallel channel introduced in the previous analysis. It reversed from the said level to retest its interim resistance at 6421-fiat. The BTC/USD pair is now trading at 6427-fiat on a comparatively high volume…

Tether’s New Banking Partner Deltec Suspected of Accepting Laundered Funds

November 6, 2018 boss

Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust – the recently-announced new banking partner of controversial stablecoin Tether (USDT) – major Brazilian newspaper O Globo reports Nov. 6. As per the report, the Federal Public Prosecutor’s Office in São Paulo is on the trail of Paulo Vieira de Souza, a former director of the São Paulo road infrastructure company DERSA. De Souza is currently being prosecuted for bribery in the infamous Odebrecht case, characterized by the U.S. government as…

Tether’s New Banking Partner Deltec Suspected of Accepting Laundered Funds

November 6, 2018 boss

Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

November 6, 2018 boss

On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison to Morgan Stanley’s 2017 report on Bitcoin, their 2018 outlook is bullish. The report contains an overview of both how Bitcoin has evolved, and how its investment purpose has changed throughout its existence. Morgan Stanley analysts also touched upon the recent stablecoin trend and both central bank and…