Day: December 2, 2018

Manipulation Needs to Go Before SEC Approves a Crypto ETF

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Clayton’s Law: Manipulation Needs to Go Before SEC Approves a Crypto ETF December 2, 2018 by Paul de Havilland U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton reiterated the commission’s reluctance to approve of a bitcoin ETF. Clayton argues that evidence that market manipulation remains widespread in crypto markets means it is not feasible for the SEC to approve of any ETF products at present. Also read: Chinese Mining Operations Reportedly Closing Due to Crashing Crypto Markets Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts SEC: Crypto…

The Daily: Bitmain Launches Crypto Index, Xolaris Sets up Bitcoin Mining Fund

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The Daily In this edition of the Daily, we cover Bitmain’s new cryptocurrency index and the establishment of a fund that will invest in bitcoin mining. We also look at a recently active online account that was previously associated with Satoshi Nakamoto, as well as the launch of a help center for defrauded crypto enthusiasts in Russia. Also read: Belarus Adopts New Regulations, Galaxy Digital Releases Q3 Results BLC10 Tracks Major Cryptocurrencies Chinese crypto mining giant Bitmain has launched its own cryptocurrency index. It tracks the performance of the largest…

November Rout Leaves Crypto Prices Drowning in Sea of Red

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. It was not just the trees that shed their red leaves this November. The autumn was doing its job in the cryptocurrency market, too. The industry lost close to $70 billion worth of market capitalization this month, according to CoinMarketCap.com. Bitcoin, the world’s largest cryptocurrency, established an aggregated low at $3,606 after dropping from its monthly high at $6,540. That marks a 44.8% drop between the month’s peak and…

Huawei Cloud Announces Global Launch of its Blockchain Services

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release. The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website. The service allows global entrepreneurs and developers to create, deploy and manage blockchain applications on Huawei Cloud, at a…

Could Smart Contracts Replace Traditional Contracts? Are They Legally Enforceable?

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Could Smart Contracts Replace Traditional Contracts? Are They Legally Enforceable? December 2, 2018 by Robert DeVoe Are smart contracts legally binding? Are they legally enforceable? That’s the question posed by Research Institute in a recent article that appeared on Hackernoon. In this article, we’re going to dig into the legal consequences of using smart contracts to get business done as compared with traditional contracts. We’re also going to look into what makes a contract legal to begin with, and why smart contracts could be even better than traditional ones. But…

UBS’ Paul Donovan Claims Bitcoin Is in its Death Throes and Wants it “Buried”

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In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of over 80 percent is “not healthy” for any economic asset. “Evil Cryptocurrency Bubble” Donovan said that economists have been predicting a massive collapse of this scale for years, and now it has finally happened. “The failure to balance supply and…

Bitcoin Price Weekly Analysis: BTC/USD Remains In Downtrend Below $4,500

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Key Points Bitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar. There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle to break the $4,320, $4,400, $4,500 and $4,590 resistance levels. Bitcoin price is slowly recovering above $4,000 against the US Dollar. However, BTC/USD remains in a downtrend as long as it is below the $4,500 resistance. Bitcoin Price Analysis This past week,…

Ethereum Price Weekly Analysis: ETH/USD Facing Uphill Task Below $140

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Key Highlights ETH price formed a decent support near $98 and recovered recently against the US Dollar. There is a major bearish trend line formed with resistance at $117 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to face a lot of hurdles near $117, $120, $$132 and $139 in the near term. Ethereum price remains in a bearish zone versus the US Dollar and Bitcoin. ETH/USD must clear the $117 and the $132 resistance to climb towards $165. Ethereum Price Analysis After a…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Decline Below $160

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Key Points Bitcoin cash price is currently consolidating and it could decline below $160 against the US Dollar. There is a major bearish trend line formed with resistance at $190 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is struggling to break the $190-200 resistance area and it could decline sharply. Bitcoin cash price is in a downtrend below $200 against the US Dollar. BCH/USD could gain strength once sellers gain pace below $160. Bitcoin Cash Price Analysis This past week, there was a…

Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday. 2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018 Wright didn’t elaborate on the how of this. Demand for transaction space in Bitcoin blocks is high, and certainly, Bitcoin…