Day: December 7, 2018

Why Chinese crypto miners are blamed for the current low Bitcoin prices

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Fingers have been trying to locate who is responsible for the current slump of Bitcoin prices. The situation has been so worse that crypto cowards have withdrawn from the space. Only those with a solid crypto heart like Chinese crypto miners and institutional cryptocurrency investors have been left patrolling the scene. However,the braveness of Chinese crypto miners has brought some negative effects on the market. According to a post published on a Bitmain-affiliated website, Chinese crypto miners are to blame for the fall of Bitcoin prices. For Jin Xin, one…

Bitcoin ETF: SEC Postpones the Decision Until February 27, 2019

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The U.S. Securities and Exchange Commission (SEC) released an official statement on December 6, 2018, postponing the decision on VanEck’s Bitcoin ETF until February 27, 2019. The extension of review period by the financial watchdog didn’t bode too well for the already reeling crypto markets, as bitcoin’s value has since fallen by more than nine percent. Final Call to Be Taken on February 27, 2019 The tug-of-war related to VanEck’s bitcoin exchange-traded fund (ETF) started on June 20, 2018, when the CBOE BZX Exchange Inc. filed a proposed rule change…

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash

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News Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend. Bitcoin cash supporters have been waiting for Gemini to list BCH since the fork on Aug. 1, 2017. Beginning Saturday, at 9:30 a.m. EST, customers will be able to deposit bitcoin cash into their Gemini account in order to trade. Also read: Previously Inactive Whales Are Moving Large Amounts of BTC Gemini Exchange Adds Bitcoin Cash Support Bitcoin cash fans found out on Dec. 7…

After Hash War and Choppy Markets, Bitcoin Cash Nears ETH Price

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After Hash War and Choppy Markets, Bitcoin Cash Nears ETH Price December 7, 2018 by William Peaster Flippening? Definitely not right now, but a downward flappening may be taking place. On December 6th, the bitcoin cash (BCH) price sunk to within $20 USD of the price of ether, the “gas” of the Ethereum network. Amid a generally red market on the day, a curiously surging Bitcoin SV (BCHSV) acutely passed the ETH price, too.  Also see: As Binance DEX Nears, Changpeng Zhao Says ‘Instant Transactions’ Nigh Subscribe to the Bitsonline YouTube channel for great…

Block 7,080,000: Ethereum Devs Propose Activation Point for Next Hard Fork

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Members of ethereum’s open-source development team have reached agreement on an activation time for Constantinople, a proposed code change designed to give users the option to update the blockchain with additional features. Speaking at a bi-weekly core developer meeting Friday, the developers assembled agreed on block 7,080,000 on the ethereum blockchain as an activation point at which users would be able to elect to upgrade to the new code. Put simply, should users choose to accept the change by upgrading their software, the update would go live when the block is…

Brazilian Crypto Exchange Mistakenly Sends User $35 Million on $127 Withdrawal

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Brazilian crypto exchange Bitcambio has reportedly sent one of its users a whopping RS $137 million – equivalent to about $35 million – after the user attempted to withdraw 500 reals, worth roughly $127. According to local news outlet Portal do Bitcoin, the cryptocurrency exchange started calling the user, Kaique Nunes, about the withdrawal shortly after. Speaking to the news outlet Nunes stated: “Early last month, I issued some normal withdrawal orders. After a while, Bitcambio called to let me know that they issued all this value and that they…

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

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Finance The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Vaneck Solidx bitcoin exchange-traded fund (ETF), which will trade on Cboe BZX Exchange. The SEC has received more than 1,600 comments and will make a decision by February next year. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New Decision Date The SEC announced on Thursday that it has designated “a longer period within which to issue an order approving or disapproving the proposed rule change” by Cboe BZX Exchange to list and…

Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval

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The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric…

Major Crypto Exchange Coinbase ‘Explores’ Listing XRP, Cardano, EOS, Others

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Major United States-based crypto exchange Coinbase is “exploring” the possibility of providing trading support for over 30 cryptocurrencies. Potential new additions include Ripple (XRP), EOS and Cardano (ADA), according to a press release published Friday, Dec. 7. The company has revealed a list of 31 cryptocurrencies, including the aforementioned three, as well as NEO, Tezos (XTZ), and others. Coinbase states that it “will be working with local banks and regulators to add them in as many jurisdictions as possible.” List of cryptocurrencies Coinbase is considering to add. Source: blog.coinbase.com Coinbase added…

Switzerland’s ‘Crypto Valley’ Zug Ranked ‘Fastest-Growing’ Tech Hub in Europe

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The Swiss city of Zug, home to crypto and blockchain development hub “Crypto Valley,” has been ranked the fastest-growing tech community in Europe. Swiss startup news channel StartupTicker reported this on Dec. 6. According to the latest annual “State of European Tech” report from London-headquartered global technology investment firm Atomico, Zug came out top in a comparison of year-on-year growth of attendees to tech-related “meetup” events per European city, with a 177 percent increase as compared with last year: Comparison of YoY growth of attendees to tech-related meetup events per…