Day: December 1, 2018

We Won’t Take Sides in BCH Fork Split

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Tokyo Bitcoin Cash Meetup: We Won’t Take Sides in BCH Fork Split December 1, 2018 by Jon Southurst The Tokyo Bitcoin Cash Meetup group, an influential gathering within the international BCH community, has declared it will officially remain neutral in the ongoing “hash war” and fallout from the recent hard fork. Supporters of the BCH main chain (sometimes called “BCHABC”) and Bitcoin SV (BSV) remain welcome at the weekly meetup and its special events. Also read: OTC Crypto Trading Is Alive and Substantial… But You Didn’t Hear That From Us Subscribe…

Korean Firm Aims to Make Blockchain Faster

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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. According to local news outlet Joongnag Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration on Wednesday, November 28, 2018. Choi Soo-hyuk, CEO of SymVerse, calls…

Bitcoin ETF Hype Remains: VanEck, SolidX Rendezvous With SEC

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Crypto ETF Hopefuls Rendezvous With SEC As reported by Ethereum World News in late-October, a number of representatives from VanEck, SolidX Partners, and CBOE, the three firms behind the leading Bitcoin ETF application, met with the U.S. Securities and Exchange Commission in a paramount closed-door meeting. A post-mortem document revealed that the ETF-focused meeting, which occurred on October 9th, was attended by Commissioner Roisman, who has been classified as “pro-crypto” by some, four legal counsels, and five representatives from the three aforementioned finance-focused firms. Per the release of a VanEck slide deck…

Bitcoin (BTC) Falls Below $4,000, Tumultuous Crypto Market Continues

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Crypto Assets Stutter, Market Cap Falls By 5% As reported by Ethereum World News previously, Bitcoin (BTC) and its altcoin brethren posted a strong performance in recent days, with BTC surging convincingly above $4,000 on Wednesday. While the asset held its value for over 24 hours, on Friday morning, following a short stint of range trading between $4,100 and $4,300, BTC faltered, stumbling and falling under $4,000 for the third time in a few weeks. In a matter of four hours, BTC fell from $4,225 to a daily low at…

Austrian Blockchain Center for Multidisciplinary Research Established in Vienna

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The COMET Centers, which are coordinated by the Austrian Research Promotion Agency (FFG), have approved the Austrian Blockchain Center (ABC) in Vienna, according to a Nov. 29 press release. ABC involves 21 scientific institutions, 54 companies, 17 associated participants, and 16 international institutions and companies. According to the release, the research center will be multidisciplinary and focus on Internet of Things (IoT), finance, energy, logistics, and applications in public administration. Alfred Taudes, academic director and coordinator of the center, and head of the Research Institute for Cryptoeconomics at WU Vienna…

2018’s Bitcoin (BTC) Chart Mirrors Last Bear Market: ‘Bulls May Awaken’

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“This Chart [May] Awaken Bitcoin (BTC) Bulls” Analysis completed by Fundstrat technician Rob Sluymer, which was subsequently relayed through MarketWatch’s Aaron Hankin, indicates that the current Bitcoin (BTC) price chart entirely mirrors that seen in late-2014 and early-2015, this market’s last dismal bear market. For those who aren’t in the loop, during late-2014 and early-2015, BTC saw a sharp sell-off after hitting quadruple-digits in late-2013 in an industry first. This infamous historic bear market, which was only exacerbated by the world-renowned $440 million Mt.Gox hack and subsequent fallout, saw altcoins, such as the…

2018’s Bitcoin (BTC) Chart Mirrors Last Bear Market: ‘Bulls May Awaken’

boss

“This Chart [May] Awaken Bitcoin (BTC) Bulls” Analysis completed by Fundstrat technician Rob Sluymer, which was subsequently relayed through MarketWatch’s Aaron Hankin, indicates that the current Bitcoin (BTC) price chart entirely mirrors that seen in late-2014 and early-2015, this market’s last dismal bear market. For those who aren’t in the loop, during late-2014 and early-2015, BTC saw a sharp sell-off after hitting quadruple-digits in late-2013 in an industry first. This infamous historic bear market, which was only exacerbated by the world-renowned $440 million Mt.Gox hack and subsequent fallout, saw altcoins, such as the…

German Financial Watchdog Warns Public About Unauthorized Crypto Offering

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The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities. In the warning, BaFin states that Platin Genesis was advertising a “Platinum Coin Crypto Fund” on social media, which it claimed was “approved and released by BaFin.” The watchdog clarifies in its statement that this is not true. Per BaFin, the firm does not have permission under section 34 of the German Banking Act to conduct banking activities or offer financial services.…

Bitcoin Price Ends November With Worst Monthly Decline in 7 Years

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Bitcoin just ended its worst-performing month in seven years in terms of month-over-month price declines.  The world’s largest cryptocurrency began November at an average price across exchanges of $6,341, but as of 0:00 UTC on December 1 is trading at just $3,964, according to CoinDesk’s Bitcoin Price Index.  As it stands, the near $2,400 drop in bitcoin’s price has created a -37.4 percent monthly performance, which is its worst on record since August 2011, when it fell from roughly $8 to $4.80 to print a -40 percent monthly loss, according to…