Day: November 30, 2018

Bitcoin Cash Price Analysis: BCH/USD Consolidating Below $200

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Key Points Bitcoin cash price remained below the $200 resistance and corrected lower against the US Dollar. There is a major bearish trend line formed with resistance near $193 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could consolidate in the short term below $195 and $200 before the next move. Bitcoin cash price remained in a range below the $200 resistance against the US Dollar. BCH/USD must climb above $190 and $200 to climb further higher in the near term. Bitcoin Cash Price…

Bitcoin (BTC) Falters At $4,300, Crypto Analysts Await Breakout

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Bitcoin Stabilizes Under $4,300 After a monumental rebound early this week, which sent Bitcoin (BTC) above $4,300 after weeks of dismal selling pressure, while altcoins followed close behind, the cryptocurrency market at large has found a sense of stability. As the time of writing, the aggregate value of all crypto assets amounts to $138.5 billion, backed by a respectable $17.3 billion in trading (past 24 hours). BTC, which has become the focus of mainstream financial media in recent weeks, sits at a casual $4,290, failing to surmount and maintain a…

Research Exposes Anti-Bitcoin Bias in Mainstream Media

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News Recent research on the tone and frequency of cryptocurrency coverage in the mainstream media over the past five years suggests that some news outlets appear to be much more biased against Bitcoin than the norm. The results also indicate that overall sentiment has become more negative with time. Also Read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market Price Declines Sparked a Press Frenzy Blockchain-focused research company Clovr surveyed 7,527 cryptocurrency-related articles from 48 media outlets from January 1, 2013, to July 31, 2018. It used an algorithm to assess…

First Blockchain Association in Mexico Established

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The first blockchain association in Mexico has formed, its founding members including industry players like blockchain software firm ConsenSys, Forbes Mexico reported Nov. 28. The Blockchain Association of Mexico was established companies Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent Capital. The organization’s objective is to educate citizens in the technology’s deployment and its potential applications. The association reportedly intends to develop standards and practices before the technology becomes mainstream. Felipe Vallejo, provisional president of the Blockchain Association said that “[blockchain] technology has the objective of creating more transparent,…

Does VanEck Bitcoin ETF Address the Concerns of SEC Chairman on Manipulation?

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Earlier this week, US Securities and Exchange Commission (SEC) Chairman Jay Clayton said at a conference in New York that to approve a Bitcoin exchange-traded fund (ETF), the SEC needs to see a market that is free of manipulation. Clayton stated: “What investors expect is that the trading in that commodity that’s underlying the ETF is trading that makes sense, is free from the risk or significant…

Decentralized Exchange Concludes $15 Mln Funding Round Supported by Huobi and OKCoin

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Decentralized cryptocurrency exchange BHEX Exchange has concluded a $15 million funding round with support from major exchanges like Huobi and OKCoin, according to a press release shared with Cointelegraph Nov. 29. Per the release, BHEX’s new round of funding was conducted with participation from leading industry players, including Huobi Global, OKCoin, and Genesis Capital, among others. BHEX’s investment subscription has purportedly attracted over 70 investment institutions, while Blue Helix selected 40 to participate in the first round of investment. Apart from digital asset exchange, the company provides custody and clearing…

Steemit Announces Structural Reorganization, Laying of 70% of Employees

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The decentralized content platform that rewards content providers with cryptocurrency, Steemit, recently announced a corporate restructuring that will result in a significant amount of their workforce being cut. The announcement, which was made by the company’s CEO in a recent post, explained that the weakness of the cryptocurrency markets has affected both the company’s cryptocurrency (STEEM) and the company’s user-base, forcing them to layoff close to 70% of their employees. Ned Scott, the founder and CEO of Steemit, explained the restructuring, saying: “Given the weakness of the cryptocurrency market, the fiat returns…