January 7, 2019

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 7

January 7, 2019 boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Will 2019 be a year of recovery for cryptocurrencies? One of the important events to watch out for is the launch of International Exchange’s (ICE) crypto trading platform Bakkt. While the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) currently…

The Crypto Bubble Popped One Year Ago Today

January 7, 2019 boss

One year ago today, the crypto bubble reached its fever pitch before the inevitable crash that occurred throughout the remainder of 2018 and has lingered into the new year. Crypto Market Down 84% on Anniversary of All-Time High One year ago today, the crypto market cap peaked at just under $835.7 billion. | Source: CoinMarketCap According to CoinMarketCap, the cryptocurrency market cap — which measures the combined notional value of all cryptocurrencies — reached $835.7 billion on Jan. 7, 2018 at approximately 11:17 UTC. At one point, the aggregate value…

Overstock’s tZERO Receives Patent for ‘Crypto Integration Platform’

January 7, 2019 boss

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO has filed a patent for a “crypto integration platform” for trading digital assets. The patent was published by the United States Patent and Trademark Office on Jan. 1. The patent filing describes a system that would be able to receive orders to trade “digital transactional items” — such as securities, tokens, digital shares, cash equivalents and digital assets — from broker-dealers and then translate the orders into crypto orders on a digital exchange. The platform reportedly aggregates various market data from cryptocurrency exchanges and…

Crypto Analyst: Bitcoin (BTC) Hitting “Titanium” Resistance, Bottom Not In

January 7, 2019 boss

Crypto Market Encountering “Titanium Level” Resistance As reported by Ethereum World News previously, on Sunday, Bitcoin (BTC) suddenly surged past $4,000 the first time since Christmas Eve, as buying pressure quickly pushed the asset higher in a seeming “flash flood.” Following this bout of price action, analysts took to Twitter to convey their thoughts on the updated cryptocurrency charts. Murad Mahmudov, one of the industry’s most well-respected analysts, explained in a thread that this move hasn’t pushed Bitcoin into a breakout zone. The trader noted that BTC’s move past $4,000 still…

Crypto Analyst: Bitcoin (BTC) Hitting “Titanium” Resistance, Bottom Not In

January 7, 2019 boss

Bitcoin Price Between Holding Gains and Losing Gains as Breakout Waits

January 7, 2019 boss

The bitcoin price held onto its gains this Monday as the trading session across the Asian and European markets expressed its calm. The bitcoin-to-dollar pair is trading at $4,009, down 1.93 percent from Monday’s high. The correction appears natural to an overperforming asset, and its significance should be weighed in when it extends as far as 10 percent from the recent peak. As bitcoin heads into an interim sideways trend, the asset has attempted to pierce below $4,000 on five separate occasions today. It seems that there is a decent…

Dave Rubin Turns to Bitcoin for Crowdfunding After Alleged Patreon Censorship

January 7, 2019 boss

American libertarian political commentator Dave Rubin has announced he is turning to Bitcoin (BTC) in lieu of the crowdfunding platform Patreon, in protest against the latter’s alleged censorship practices. Rubin made his announcement on Twitter Jan. 6. In an interview with the Washington Examiner last week, Rubin explained his decision to leave Patreon — which reportedly accounts for “between 60-70 percent” of his funding — as taking “a stand against the ever-moving encroachment on free speech, on free expression” on mainstream platforms. Rubin, who has a background in stand-up comedy,…

Hashpower Consolidation on Network Is ‘Not 51% Attack’

January 7, 2019 boss

Ethereum Classic (ETC) developers have stated that a mining pool evidently claiming over 50 percent of the network’s hashrate was “most likely selfish mining” in a tweet today, Jan. 7. ETC devs also explicitly stated in the same tweet that the previously noted hashrate consolidation is not a 51 percent attack, and that double spends were not detected. The tweet revealed a potential cause for “the recent mining events,” attributing the increased hashrate to the testing of new 1,400/Mh ethash machines by application-specific integrated circuit (ASIC) manufacturer Linzhi. Also today,…

Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends

January 7, 2019 boss

Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends. Coinbase Detects Double Spends on Ethereum Classic Network According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, at which point it halted on-chain ETC payments to protect customers — and the crypto exchange itself — from falling prey to a double spend attack. On 1/5/2019, Coinbase detected a deep chain reorganization of…

CoinFLEX To Offer Physical Bitcoin (BTC), Ethereum Futures: Bakkt Competitor?

January 7, 2019 boss

Hong Kong Startup To Offer Physical Bitcoin, Ethereum Futures (With Leverage!) Per a recent piece from Bloomberg, the “contest” for physically-delivered Bitcoin futures is heating up, as another contender has entered the fray. This new contender is a Hong Kong-headquartered up-and-coming crypto startup named CoinFLEX, formerly a branch of U.K.’s Coinfloor. This fledgling venture reportedly is backed by ” (former) Bitcoin Jesus” Roger Ver and Trading Technologies International, which is a firm that programs and manages trading software. Mark Lamb, a crypto enthusiast of six years, will be heading the exchange…