Day: November 6, 2018

Could Bitcoin Cash Price Surge Any Further after Weekend Rally?

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Ahead of its hard fork, Bitcoin Cash surged as high as 29 percent during the weekend trading session. All the eyes are now on whether the altcoin can swell any further, especially when it promises to offer holders free tokens after its blockchain splits. Trading Sentiment around Coin Forks Traders tend to behave bullishly whenever a forking event is nearby. To them, a fork signifies free coins on the top of what they already hold. For instance, when the main Bitcoin blockchain forked and conceived Bitcoin Cash, the same chain,…

Blog: Information Commissioner’s report brings the ICO’s investigation into the use of data analytics in political campaigns up to date

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When we launched our investigation into the use of data analytics for political purposes in May 2017, we had little idea of what was to come. 6 November 2018 We were concerned about invisible processing – the ‘behind the scenes’ algorithms, analysis, data matching and profiling that involves people’s personal information.  When the purpose for using these techniques is related to the democratic process, the case for a high standard of transparency is very strong. Since we began, the scope of our investigation has extended to 30 organisations, we have…

Bitcoin Price Watch: BTC/USD Could Resume Uptrend Above $6,440

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Key Points Bitcoin price corrected lower recently after trading as high as $6,472 against the US Dollar. There is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is positioned for the next wave, which could be above the $6,420 resistance. Bitcoin price is trading in a positive zone against the US Dollar. BTC/USD could continue to move higher as long as it is above $6,375 support level. Bitcoin Price Analysis Yesterday, bitcoin price…

Potential Factors Behind its Rally

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Twitter Facebook LinkedIn XRP, the native cryptocurrency of the Ripple network, has surged by more than 12 percent over the last 24 hours. Cryptocurrency traders and technical analysts generally expect the positive price movement of XRP to continue in the short-term,  given the sheer magnitude of the asset’s recent upward run. What Has Caused Ripple to Rally? Throughout the past week, Ripple has seen some progress in regards to the adoption and integration of its blockchain-based liquidity products. At the Global Islamic Economic Summit 2018, Ripple’s global head of infrastructure…

Announcing the Coinbase Suite of Institutional Products

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Introducing Coinbase Markets Coinbase already offers the deepest pool of liquidity to the largest number of participants in the cryptocurrency space. We intend to continue developing this electronic marketplace, known as Coinbase Markets, by opening a new engineering office in Chicago and cementing Coinbase as the leading cryptocurrency exchange. Coinbase Markets provides a centralized pool of liquidity for all Coinbase products. Over the course of the year Coinbase Markets will introduce new features like low latency performance, on-premise datacenter colocation services, institutional connectivity and access, and settlement and clearing services. These…

Announcing the GDAX Digital Asset Framework – The Coinbase Blog

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We are excited to release the GDAX Digital Asset Framework. We believe the number of digital currencies and tokens will continue growing and contribute to creating an open financial system. To support this growth, GDAX will add assets which align with this framework and promote our mission of creating an open financial system for the world. The digital asset ecosystem has experienced significant growth over the last year. Since January 1, 2017, the total market capitalization of all digital assets has increased nearly 10x to reach a current valuation of…

Adding Ethereum ERC20 Support to GDAX – The Coinbase Blog

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We’re pleased to announce our intention to support the Ethereum ERC20 standard on GDAX. This prepares GDAX to support trading of ERC20 assets, although we are not announcing support for any specific asset at this time. As detailed in our process for adding new assets, we are announcing this decision internally and to the public at the same time. What is the ERC20 standard? ERC20 is a technical standard used for Ethereum smart contracts. ERC20 assets have become a popular way for teams to quickly build interoperable contracts with a…

Announcing the Trading Technologies Partnership – The Coinbase Blog

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Today we’re happy to announce a partnership with Trading Technologies(TT), a global leader of high-performance professional trading software. Beginning this March, TT customers will be able to use the TT platform to trade directly on GDAX. Many of the world’s largest institutional investors rely on TT for sophisticated trading tools and market access. We’re excited to offer our GDAX spot market alongside nearly 45 other markets on TT, including the CME Group, Intercontinental Exchange, and Nasdaq futures markets. This means thousands of institutional investors will be able to trade our…

Crypto Exchange BTCC Is Closing Its Mining Pool Business

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Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, after four years in operation. Citing the reason for the closure as “business adjustments,” BTCC Pool said Tuesday that it will shut down all mining servers on Nov. 15 and will cease operations indefinitely from Nov. 30. The firm has now asked all member miners to switch their hashing power away from the pool before Nov. 15., adding that it will release previously earned mining profits “in time.” The pool was launched in 2014 as one of…

Ethereum Price Analysis: ETH/USD Primed For More Gains

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Key Highlights ETH price tested the $205 support area and recovered later against the US Dollar. There is a major breakout pattern formed with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to break to the upside above the $209 and $210 resistance levels. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD could resume its upside move once there is a break above $209-210. Ethereum Price Analysis Recently, ETH price started a downside correction after trading…