Day: November 8, 2018

Crypto Exchange Poloniex Announces ‘Pre-Fork’ Trading for Bitcoin Cash

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Poloniex announced Tuesday it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology’s roadmap. Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash ABC (BCHABC) and bitcoin cash SV (BCHSV) trading tokens. This is the first time Poloniex has offered trading pairs for a crypto asset prior to a possible fork, a move it says is part of a wider strategy to…

Ethereum Price Analysis: ETH/USD Downsides Limited Below $212

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Key Highlights ETH price formed a short term top at $223 and corrected lower against the US Dollar. There is a major bullish trend line in place with support at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline towards the $212 or $213 support level before buyers emerge again. Ethereum price is slowly correcting lower against the US Dollar and bitcoin. ETH/USD is likely to find a strong buying interest near the $212 zone. Ethereum Price Analysis Yesterday, we saw a nice upward…

Timeline and Support — Bitcoin Segwit2x and Bitcoin Gold

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We wanted to give customers another update on two upcoming Bitcoin forks — Bitcoin Segwit2x and Bitcoin Gold. You can read more about what a digital currency fork is here. We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. This is essential in our mission to make GDAX the most trusted and liquid digital asset exchange. Bitcoin Segwit2x The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains. Following…

With or Without Consensus, BCH/USD Could Test $850

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A week to Bitcoin Cash’s half-year software upgrade and BCH/USD is vibrant, adding 45 percent in the last week. Aside from that, BCH is trading above $600 in a bull break out pattern meeting our previous BCH/USD trade plans. Latest Bitcoin Cash News 11 months of lower lows and Bitcoin Cash is now bottoming out, posting huge gains in the last few days. In fact, Bitcoin Cash is up 45 percent in the last week and fairly stable in the last day. Obviously the market is split ahead of the…

EOS/USD and LTC/USD Slow Down As Traders Buy Dips

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Even if yesterday’s upsides were limited, altcoins are technically bullish and should print higher as the week come to a close. In that case we expect ADA/USD and XLM/USD traders to buy at spot prices with stops at immediate support. As this prints, EOS/USD, LTC/USD and XMR/USD traders should maintain a neutral position until close above immediate resistance lines triggering bulls. Let’s have a look at these charts: EOS/USD Price Analysis Following expansions of Nov 6, yesterday’s price action was expected. But, it shouldn’t be a cause of concern since…

Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies

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The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies earlier this year, Krea-ngam urged that new measures must be introduced both domestically and internationally in order to keep up with new tactics and threats to consumer security. Speaking at the Counter-Terrorism Financing Summit, Krea-ngam said that experts should not be satisfied with current security protocols so as not to lag behind criminals that would use cryptocurrencies for…

Impact of Bakkt on Crypto is Not Determined, Don’t Get Too Excited

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Twitter Facebook LinkedIn Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP, has stated that while there are some positives in the entrance of Bakkt into the crypto market, its impact on the emerging asset class is yet to be determined. Throughout the past several weeks, Bakkt has been considered as a major catalyst for the next rally of Bitcoin and other major cryptocurrencies in the global market. However, as of November, it is premature to conclude that Bakkt will initiate the next big…

Cybersecurity Firm Ranks Safety of Top Crypto Exchanges

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Prominent cybersecurity firm Group-IB has graded the security of top crypto exchanges, U.S.-based tech news media the Next Web reported Tuesday, Nov. 6. According to research conducted by the Moscow-based firm in partnership with crypto asset insurance platform CryptoIns, the Kraken platform is the safest crypto exchange. In contrast, OKEx — the now-second crypto exchange by daily trade volume — as well as Huobi Pro and CoinCheck are the riskiest crypto trading spots, the report says. Per the Next Web, Group-IB made its determinations with a newly developed assessment system…