Day: December 9, 2018

Next-Gen BUIDLers: The 8 Teams Working on Ethereum 2.0

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“We don’t want to reinvent the wheel when building [ethereum] 2.0.” Speaking to the complementary efforts of developers working on two separate upgrades to the ethereum blockchain – one dubbed ethereum 2.0 and the other dubbed ethereum 1x – Raul Jordan insists upgrades to be included in ethereum 1x on a shorter time horizon would have benefits to ongoing research for ethereum 2.0. Jordan is the co-lead for one of eight different developer teams currently building software clients for ethereum 2.0. (As background, clients are software implementations usually written in…

Top 5 Crypto Performers Overview: BSV, XEM, TRX, BNB, BTC

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The sentiment is most bearish at the bottom of a trend in a bear market, but when the downtrend enters a capitulation, it may signal a bottom. In a bear market, the sentiment is most bearish right at the bottom of the trend. The entire heard says to sell. Short sellers laugh away to the bank and many analysts call for a further fall. With majority of the news being negative, it sounds logically correct. However, when the downtrend enters a capitulation, it usually signals a bottom. Going against the…

Bitcoin Price Weekly Analysis: BTC Sellers In Control Below $3,600

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Key Points Bitcoin price extended losses below the $4,000 and $3,600 supports against the US Dollar. There is a significant bearish trend line formed with resistance at $3,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses above $3,200, with resistances near $3,500 and $3,600. Bitcoin price is in a major downtrend below $4,000 against the US Dollar. BTC/USD may continue to struggle to recover above the $3,600-3,700 resistance zone. Bitcoin Price Analysis This past week, bitcoin price declined below the…

Ethereum Price Weekly Analysis: ETH Remains Sell Near $100

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Key Highlights ETH price declined heavily after it failed to break the $125 resistance against the US Dollar. There is a crucial bearish trend line formed with resistance at $101 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct higher, but is likely to face sellers near the $99, $100 and $101 resistances. Ethereum price declined heavily this past week versus the US Dollar and Bitcoin. ETH/USD remains in a downtrend as long as it is below $100 and $114. Ethereum Price Analysis This past…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Struggle Near $120

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Key Points Bitcoin cash price declined heavily and even broke the $100 support against the US Dollar. There is a crucial bearish trend line formed with resistance at $120 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it is likely to struggle near the $120 resistance. Bitcoin cash price fell sharply below $150 and $100 against the US Dollar. BCH/USD may correct higher in the short term towards $115 or $120 resistance. Bitcoin Cash Price Analysis This past week,…

Market Recovers by $5B, Why Are Ethereum and Bitcoin Cash Plunging?

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Over the last 24 hours, the crypto market has added $5 billion to its valuation, demonstrating a slight recovery from $106 billion to $111 billion. Despite the recovery of the market, Ethereum (ETH) and Bitcoin Cash (BCH) continue to fall in value, both recording a three percent drop against the U.S. dollar. On December 9, the Ethereum price fell by around three percent from $97 to $93, failing to sustain the short-term momentum it garnered from an unforeseen recovery it experienced on Saturday. Since its daily peak, Ethereum has declined by…

Why Bitcoin is Not in a Death Spiral, Refuting Reports

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Over the past month, many reports about the materialization of a potential “death spiral” on the Bitcoin network were released, leading investors to be concerned about the short-term trend of the dominant cryptocurrency. According to a security expert and cryptocurrency researcher Andreas Antonopoulos, a death spiral is unlikely to happen in Bitcoin. What is a Death Spiral and Why it Likely Won’t Happen On the Bitcoin network, miners find a block filled with transactions every ten minutes. After 2016 blocks are mined, the network automatically readjusts the difficulty of mining…

Crypto Hardware Wallet Trezor Adds Native Ethereum Support

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The Trezor Wallet development team has announced that the device’s beta firmware now offers native support for Ethereum, Ethereum Classic, and ERC20 tokens. In an announcement on the Trezor blog, the crypto hardware wallet manufacturer stated that existing third-party integrations such as MyEtherWallet, MyCrypto, and MetaMask, which currently enable Trezor to support these tokens, would continue to function parallel to the new functionality, with no plan to discontinue the integrations going forward. Trezor Beta Operational Details According to the company, instant crypto exchange platform Coinswitch has been added as a…

Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment

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  With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for institutional customers on Nov. 27. OTC trading allows investors to carry out direct trades with each other. It means that the company’s institutional users won’t be trading through a crypto exchange or an intermediary. Coinbase’s latest trading initiative began on June 6, when President and COO Asiff Hirji explained that obtaining a regulatory license would enable the company to set off…

Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure

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Games In late November, the creators of the Simple Ledger Protocol announced the launch of Ledger Treasure, a contest in which contestants must solve a puzzle to win over $100 worth of bitcoin cash (BCH). On Dec. 6, Simple Ledger developer James Cramer revealed the winner of the first puzzle solved by gaining access to the BCH funds locked in a special P2SH address. Also read: Previously Inactive Whales Are Moving Large Amounts of BTC Simple Ledger Treasure Developers of the Simpleledger.io (SLP) project are hosting a monthly contest that offers the…