Day: November 24, 2018

Crypto market waiting to comeback from a Bitcoin price drop

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Bitcoin price drop The cryptocurrency’s valuation of the crypto market increased from around $137 billion to $140 billion after a recovery of around 2 percent from Bitcoin price drop. The major cryptocurrencies and small market cap tokens have ended the day with some losses around 1 to 3 percent. The bitcoin price drop has seen it lost more than 27 percent in its fall from a few days ago. Usually, after the cryptocurrencies have dropped this significantly it tends to recovery in the midterms. BTC can also begin a demonstration of the stability…

The Making of the First US ICO Fraud Case

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In common law systems, it is precedent that informs judicial approaches to new and previously unaddressed matters. The precedent that will likely shape the body of U.S. case law on fraudulent initial coin offerings (ICOs) is currently being forged in a federal court in the New York borough of Brooklyn, where a 39-year old entrepreneur, Maksim Zaslavskiy, has pleaded guilty to committing securities fraud. The development that will most likely result in a landmark decision – the jury will gather in April 2019 to decide on a sentence – is…

Oanda Sees Bitcoin Hitting $2,500, Others Beg to Differ

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Oanda Sees Bitcoin Hitting $2,500, Others Beg to Differ November 24, 2018 by Akshay Makadiya As bitcoin hits a 14-month low, market commentator from U.S.-based foreign exchange Oanda, Stephen Innes, forecasts the sell-off will only intensify in the coming months. Innes predicts bitcoin will drop to $2,500 USD by January 2019. On the other hand, crypto bulls see the recent skid in bitcoin value as a sign of an approaching bottom. Also read: Bakkt Delays Launch As Crypto Markets Crash to New 2018 Lows Subscribe to the Bitsonline YouTube channel for great videos featuring…

Battle for Bitcoin Cash Name Ends as BCH SV Backer Calls for ‘Permanent Split’

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Billionaire Entrepreneur and Bitcoin Cash SV (BCH SV) supporter Calvin Ayre has declared that the coin “no longer want[s] the name Bitcoin Cash [BCH]” in a article published Nov. 23. Posted on Ayre’s own crypto media outlet CoinGeek, the statement claims that Bitcoin Cash SV will continue to exist independently from Bitcoin Cash (BCH), and that the coin is in fact the “original” Bitcoin (BTC): “Bitcoin SV is the original Bitcoin not the original Bitcoin Cash.” Ayre calls on Bitcoin Cash ABC – the Roger Ver-backed coin created in BCH’s…

Bitcoin on Track to Transfer More Value Than Mastercard Daily

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Twitter Facebook LinkedIn With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day. Bitcoin, the most valuable cryptocurrency in the global market, has been processing just over $8 billion every day. According to a chart published…

Bitcoin Cash ABC’s Rolling Ten Block Checkpoints Update Could Be Catastrophic

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Bitcoin Cash ABC’s new rolling 10 block checkpoint system, introduced in order to defend against “deep” hostile reorganizations, actually increase the risk of consensus chain splits and provide new opportunities for attackers, BitMex reported on November 21, 2018. New Bitcoin Cash ABC Update Less than two weeks after the hash war between two forks of Bitcoin Cash began, both of the newly spawned blockchains seem to be running into potentially crippling technical difficulties. After evaluating Bitcoin Cash ABC’s rolling 10 block checkpoints update, BitMex found that the highly anticipated software…

Light ‘Em Up–Lightning Network Capacity Surge Attributed to BCH Hash War

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Light ‘Em Up–Lightning Network Capacity Surge Attributed to BCH Hash War November 24, 2018 by Paul de Havilland The capacity of the lightning network has witnessed a surge in capacity since mid-November. With a 300 percent increase in capacity, some are pointing to bitcoin cash’s ego-driven hash war as the cause. But why? Also read: Bitcoin Crash: Putting the Downturn Into Perspective Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin’s Best Hope The Lighting Network is a second layer protocol that sits on top of the…

Bitcoin Cash Extends Loss to 7%, at Risk of Dipping to New All-Time Low

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Bitcoin Cash (BCH) remains bearish on Friday as the vortex adjoining last week’s controversial hard fork continued to inject the market with negative sentiments. The BCH/USD, after aggregating market cap of the original BCH and the forked Bitcoin ABC, is trading at 206.79, down 6.57 percent from its intraday high at 221.34. The pair in the past hour has corrected higher, but the volume of the small uptrend is dying. What it indicates at it is at most a bearish pennant, forming because of the execution of short positions. It…

US, Korea, China Stock Markets Plummet: is Crypto Correlated?

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Twitter Facebook LinkedIn The crypto market is continuing to lose its value as the U.S., South Korea, and China demonstrate record high losses in their respective stock markets. As an alternative store of value, cryptocurrencies are considered as viable long-term investments, especially by millennials, in a period of global financial market instability and volatility. However, recent weeks have shown that cryptocurrencies are still vulnerable to the weakening global economy and the asset class is not able to perform as a hedge against uncertainties in the market. Global Markets Crash A…

US Dept. of Defense Research Arm to Host Permissionless Blockchain Workshop

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The U.S. Defense Advanced Research Projects Agency (DARPA) will host a two-day blockchain workshop in February, according to an official request for information (RFI) posted Nov. 19. DARPA, the research arm of the U.S. Department of Defense, is looking to to investigate technologies for distributed consensus during a workshop “tentatively scheduled for February 14 and 15, 2019, in Arlington, VA.” As stated in the five-page RFI released by the agency’s Information Innovation Office (I2O), “of particular interest to DARPA are so-called ‘permissionless’ distributed consensus protocols.” Permissionless systems are described in…