Day: December 20, 2018

Bitcoin Cash ABC Leads the Crypto Rally after Surging 40%

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Are we witnessing an early Christmas gift for crypto hodlers? Bitcoin Cash ABC leads the crypto rally after surging nearly 40%. The crypto asset has engaged itself in an impressive upside action, surging 40% on an adjusted 24-hour timeframe. In five days, the Bitcoin Cash ABC market cap has jumped from $1.32 billion to $2.83 billion, indicating that bullish sentiment is being maintained on every higher high formation. BITCOIN CASH PRICE CHART | SOURCE: TRADINGVIEW Meanwhile, the volume of Bitcoin Cash ABC is also noting a steep rise from its previous…

Over 90% of Monero’s Block Reward Have Been Mined

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There will be a total of 18.4 million Monero’s XMR coins in circulation by May 31, 2022. And the project has already mined more than 90% of it. Per data available at MoneroBlocks.info, a Monero blockchain explorer, the privacy-enabled cryptocurrency have emitted close 16.6 million XMR. As the emission forms parity with the total supply, the Monero project will switch to a new supply program, dubbed as tail emission. The project’s earlier announcements indicate that miners will obtain a consistent mining reward of 0.6 XMR per block that would likely maintain…

Over 90% of Monero’s Block Reward Have Been Mined

boss

There will be a total of 18.4 million Monero’s XMR coins in circulation by May 31, 2022. And the project has already mined more than 90% of it. Per data available at MoneroBlocks.info, a Monero blockchain explorer, the privacy-enabled cryptocurrency have emitted close 16.6 million XMR. As the emission forms parity with the total supply, the Monero project will switch to a new supply program, dubbed as tail emission. The project’s earlier announcements indicate that miners will obtain a consistent mining reward of 0.6 XMR per block that would likely maintain…

Bitcoin Price Live: Massive One Hour Candle Takes BTC Above $4,000

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Bitcoin continues its recent price rally, topping $4,000 on Thursday, December 20, 2018. The top-ranked cryptocurrency is up by more than eight percent over the last 24 hours in what is a sixth straight day of positive price movements. Six in a Row for Bitcoin The relief rally for Bitcoin is currently in its sixth day with Thursday’s surge second only to Monday’s price gain. A large one-hour green candle sees the top-ranked cryptocurrency breakthrough the $4,000 price barrier for the first time in more than two weeks. On Wednesday,…

Bitcoin Price Surging Beyond $4,100 in Extended Buying Action

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Bitcoin price is surging above the psychological resistance of $4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of $4197 on BitFinex. The overall rebound is promising to reinstate bullish faith in the market that just witnessed a crash to a yearly low near $3100. The price since has surged an impressive 29% while…

Ethereum Constantinople Will Push Crypto Miners “Out Of Business”

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In recent months, as Bitcoin (BTC) purportedly fell through its supposed break-even cost of mining not once, not twice, but three times, the economics of Proof of Work (PoW) have been questioned by wary skeptics. For instance, in an op-ed piece that became an industry hot topic in mere minutes, one MarketWatch contributor claimed that BTC, with its hashrate drought and the whole nine yards, was poised to enter into a death spiral. The piece, lauded as heresy by many crypto enthusiasts, has since begun debunked, and, unsurprisingly, this market’s…

Crypto and Blockchain Crucial For Venezuela, Argues CSIS

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Crypto and Blockchain Crucial For Venezuela, Argues CSIS December 20, 2018 by Paul de Havilland Cryptocurrencies and blockchain are helping with the humanitarian crisis Venezuela is facing. And the Center for Strategic and International Studies (CSIS) argues their use should be encouraged. Also see: Basis Stablecoin Project Bites The Dust Before Launch Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Maduro Government’s Economic Monster Diphtheria and measles had been a thing of the past in Venezuela. They’ve now made a comeback. Hyperinflation expected to reach one…

Why Colombia Has Become A Hotspot for Bitcoin ATMs

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News American ATM network Athena Bitcoin is continuing its aggressive expansion in Latin America, with now 17 ATMs in five cities in Colombia. The company is sure the ATMs are a good investment but news.Bitcoin.com spoke to Colombians who were, if anything, baffled by the new machines.  Also read: BCH Leads the Way as Crypto Markets Brighten Up Venezuelans the Biggest Users Colombia’s second-largest city, Medellin, saw its third bitcoin ATM installed this month, bringing the total number of machines in the country up to 17. The latest in Medellin is…

IBM and Intel’s Brewing Blockchain Tug-of-War

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When the governing board of Hyperledger approved a new supply chain project earlier this month, it marked a significant departure for the open-source blockchain consortium. Sawtooth Supply Chain, as the project is provisionally called, breaks new ground because it’s arguably the consortium’s first to really inhabit the application layer of the software stack. It’s built on top of the Sawtooth framework, which Intel contributed to Hyperledger. Prior to this, Hyperledger confined its work to the lower layers and eschewed the custom-design of blockchain application code with industry players in mind. That…

OKEx Exchange Starts With No-Expiry Bitcoin Derivative Product

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Photo: OKEx / Twitter The product was announced on Tuesday, and with it, traders now have the ability to speculate on the value applied between OKEx’s BTC to the USD Index, giving a $100 nominal value for each of the swap contracts. Traders have the option to either long or short or position, giving them profit from the increase or decrease in price, respectively. To explain, perpetual Swap is a peer-to-peer, virtual derivative that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly…