November 24, 2018

Norway: Government Removes Electricity Subsidy for Bitcoin Mining Facilities

November 24, 2018 boss

According to a report published by Norway’s largest distributed newspaper Aftenposten to November 21, 2018, the Scandinavian country’s government has decided to do away with electricity subsidy provided to bitcoin mining entities. Bitcoin Mining Haven No More Subsidized electricity rates in the country made it an attractive destination for cryptocurrency miners the world over to set up their mining operations. This is evident from the fact that until now, mining facilities in the country paid a measly rate of $0.05 per kilowatt. However, after the amendment to the state’s budget agreement, this rate…

Oversold Conditions Show Bitcoin Bottom

November 24, 2018 boss

Twitter Facebook LinkedIn In the last 24 hours, the valuation of the crypto market increased from $137 billion to $140 billion after a minor recovery of around 2 percent. Both major cryptocurrencies and small market cap tokens have ended the day with relatively minor losses in the range of 1 to 3 percent. Is Bottom Near For Bitcoin? The volume of Bitcoin (BTC) has dropped from $5.5 billion back to $4 billion over the past several days, by more than 27 percent. Given that the value of BTC has not…

End of the Bitcoin Cash (BCH) Hash Wars, Offers Much Needed Relief for Traders and Miners

November 24, 2018 boss

The last two weeks since the 14th of November seemed like a never ending fall into the abyss for many crypto traders and hodlers. Bitcoin (BTC) fell from levels above $6,300 to current levels of $4,347 in the same time period and took with it the entire market on the way down. In the case of Ethereum (ETH), the digital asset that is native to the smart contract platform with a similar name, has seen its number 2 spot taken away by XRP. ETH was comfortable at levels around $200…

Tezos Korea Foundation Joins Forces with Yonsei University to Promote Blockchain

November 24, 2018 boss

Twitter Facebook LinkedIn The South Korean arm of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University for the development of unique talents and expertise in blockchain technology, according to a press release published by Tezos. The release reads: “Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise, and discuss various cooperation opportunities to lead the blockchain field.” The new agreement, which is between the Seoul-based Digital Society Research Center at Yonsei University and the Tezos Korea Foundation, will look…

Prosecutor’s Office Fined 150,000 Rubles For Bitcoin News Site Blockade

November 24, 2018 boss

Prosecutor’s Office Fined 150,000 Rubles For Bitcoin News Site Blockade November 24, 2018 by Jeff Fawkes A Russian prosecutor’s office has been fined 150,000 Rubles (around $2,275 USD) for its bitcoin news site blockade. The money will be awarded to bitcoininfo.ru website owner Nikolay Tonkoshkurov. His site was blocked without official warning or court proceedings in 2016. The site has been translating articles about bitcoin, blockchain, and fintech into Russian for local readers since 2013. Also read: Growing Number of Exchanges Embrace Bitcoin ABC as ‘BCH’ Subscribe to the Bitsonline YouTube channel for…

DARPA Hops on the ‘Blockchain Not Bitcoin’ Bandwagon

November 24, 2018 boss

Twitter Facebook LinkedIn The Defense Advanced Research Projects Agency (DARPA) is seeking to get a better understanding of permissionless blockchains, but Bitcoin does not appear to be invited to the party. To achieve this enhanced insight into blockchain technology, the US Department of Defense agency has sent out a request for information (RFI) on permissionless distributed consensus protocols, specifically touching on aspects that have been inadequately explored. One area DARPA is seeking to get a better handle of is how permissionless blockchains can function in the absence of monetary incentives.…

DARPA Hops on the ‘Blockchain Not Bitcoin’ Bandwagon

November 24, 2018 boss

Crypto Insider: Bitcoin (BTC) Won’t Bottom Until $3,000

November 24, 2018 boss

Bitcoin Bear Market Has Seen No Abatement Michael Moro, CEO of Genesis Trading, sat down with CNBC’s Squawk Box on Black Friday (November 23) to convey his opinions on the current status of the Bitcoin (BTC) and crypto asset market. Providing investors with his insider expertise as the CEO of a Digital Currency Group subsidiary, Moro explained that Bitcoin’s most recent drawdown, which had its origins in late-December, has had no abatement, or in other words, has been relentless. He then drew attention to the $5,800-$5,900 level of support, which BTC previously…

LTC/USD Set for $20 after Dropping to 8th

November 24, 2018 boss

Even with listing at Bitex, LTC/USD is facing upside resistance and is now trading below $30. Moving on, this is definitely inviting for sellers just like it is with Monero—XMR/USD and at EOS/USD. All in all, before sharp drops print, it is likely that bears will slow down allowing for minor recovery towards immediate resistances. Let’s have a look at these charts: EOS/USD Price Analysis Price movements are tight and previous EOS/USD trade plans are valid. For all we can draw from the charts, EOS/USD is bearish, down 25 percent…

XRP/USD is Bullish, Coin a Store of Value

November 24, 2018 boss

Latest Ripple News Considering prevailing market conditions, it is clear that it has been a tough week for market participants. With double digit losses and breaks below important support levels, the meltdown was—and continues to be unforgiving. But even as participants despair, XRP did emerge as the winner of the “store of value” race edging Bitcoin and flipping Ethereum as the second most valuable coin in the space. Read: The Crypto Bubble Hasn’t Burst, It Hasn’t Even Begun Yet Ethereum is teetering and as the gap widen, mainstream hopium is…