Day: December 24, 2018

Stuttgart Stock Exchange To List Bitcoin, Litecoin, XRP, Ethereum on Upcoming Crypto Trading Platform

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The Bison App developed by Sowa Labs, a wholly-owned fintech subsidiary of Börse Stuttgart, the second largest stock exchange in Germany has announced plans to launch a cryptocurrency exchange platform with initial support for Bitcoin, XRP, Ethereum and Litecoin. Making the announcement in a post on its official Twitter account, Bison App revealed that the new service will go into its exclusive beta testing phase sometime in January 2019 in what will be a significant move for a platform owned by Europe’s ninth-largest stock exchange. Das Boarding beginnt!?Ab sofort starten wir…

China’s New Cryptocurrency Ratings See BTC Slip While Embattled EOS Maintains Number One

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China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 18th while awarding the top spot to domestic blockchain platform EOS (EOS). The rankings were released in a press release on Dec. 21. China’s Center for Information and Industry Development (CCID) under the Country’s Ministry of Industry and Information Technology creates the rankings, which first appeared in May this year. Now listing a total of 34 top cryptocurrencies by market cap on the premise of “basic tech,” “applicability” and “creativity,” the results have frequently courted controversy,…

UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say

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The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec. 24. As the UAE has announced a new legal framework for initial coin offerings (ICO) and hinted about possible regulation for crypto exchanges, experts see a possibility for the country to join Malta and Gibraltar as a popular crypto destination. Hans Fraikin, CEO of Libra Project — a blockchain-driven impact…

Bitmain Allegedly Fires All BCH Developers in Wave of Redundancies

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Cryptocurrency mining giant Bitmain has reportedly fired its entire staff of Bitcoin Cash (BCH) developers, Blockstream CSO Samson Mow reported, citing Chinese social media sources on Dec. 23. The second in what appears to be a phase of staff losses for Bitmain, around 50 workers are reportedly set to go this week. The messages follow reports on China’s version of LinkedIn warning about a giant wave of redundancies targeting as much as half of Bitmain’s 2,500-strong workforce, with rumors now circling on Twitter after being uploaded by Primitive founding partner…

BCH Instant Payments on Avalanche, Forks and More With Amaury Sechet

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BCH Instant Payments on Avalanche, Forks and More With Amaury Sechet December 24, 2018 by Jon Southurst Amaury Sechet is the lead developer for Bitcoin ABC, the most-used protocol software for Bitcoin Cash. The recent hard fork, and surrounding controversies, have made him a reluctant spokesperson for adjustments to the way BCH works. What are some of those issues, and how will they affect the community? Bitsonline sat down for a half hour chat with Sechet at the recent Global Blockchain Developers’ Conference in Hong Kong to hear more about…

EOS Rallies Again as China Rates its Blockchain the Best

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Where other cryptocurrencies hiked over recent days, EOS has been slower most recently, until today. Now EOS price has risen over 8% in the last 24 hours. On December 17, 2018, EOS showed a substantial recovery reaching 35% gains before stabilizing between the December 18 and today. Now EOS is moving again. EOS Price Chart China’s Global Public Blockchain Technology Assessment Index Sometimes the underlying reasons behind a coin’s sudden popularity are unclear, other times is purely about market movements as traders see a buy opportunity and trigger a splurge…

Bitcoin Price Analysis: BTC/USD Trends of December 24–30, 2018

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Photo: QuoteInspector Key Highlights: There was a bullish break out; bears lost control over Bitcoin market; the bulls were in charge of the BTC market. BTC/USD Long-term Trend: Bullish Resistance levels: $4,716 $5,447, $6,281Support levels: $4,224, $3,649, $3,209 BTC/USD experienced a bullish rally as it was predicted last week. There was a bullish candle that broke and closed above the former resistance level of $3,649. The cryptocurrency was ranging within the former resistance level of $3,649 and support level of $3,209 started on December 7 before the bullish breakout on…

Top Crypto Exchange Binance Adds Ripple-Based Trading Pairs in New Expansion

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Cryptocurrency exchange Binance will open trading of two pairs using Ripple (XRP) as the quote currency, a blog post confirmed Dec. 24. Set to launch the same day, the TRX/XRP (Tron) and XZC/XRP (Zcoin) pairs represent the first time for Binance to use XRP as the base currency. As part of the update, developers will rename the current Ethereum (ETH) markets to “ALTS,” with CEO Changpeng Zhao (CZ) explaining that a lack of user interface space necessitated the move. “We will be adding a couple trading pairs with XRP as…

Bitcoin Price Watch: BTC Signaling Breakout Above $4,500

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Key Points Bitcoin price traded higher and broke the $4,150 and $4,200 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance at $4,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bullish bias and it could extend gains above $4,400 and $4,500. Bitcoin price climbed above the $4,150 barrier against the US Dollar. BTC looks set to trade further higher above the $4,400-4,500 resistance area in the near term. Bitcoin…

Ripple Price Analysis: XRP Buyers Sighting Bullish Break Above $0.40

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Key Highlights Ripple price traded in a range and struggled to clear the $0.4000 resistance against the US dollar. There was a break above a major bearish trend line with resistance at $0.3650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is eyeing an upside break above the $0.3950 and $0.4000 resistance levels. Ripple price is currently consolidating gain against the US Dollar and Bitcoin. XRP/USD may soon break the $0.4000 resistance and extend gains above $0.4200. Ripple Price Analysis This past week, there…