Day: January 11, 2019

Bitcoin Price Watch: BTC Turned Sell On Rallies Below $3,800

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Bitcoin price failed to rally above $4,080 and declined heavily below $3,800 against the US Dollar. There was a break below a key bullish trend line with support at $4,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the $3,550 support and it is currently consolidating losses above $3,600. Bitcoin price made a sharp bearish turn below $4,000 and $3,800 against the US Dollar. BTC is now in a bearish zone and rallies near $3,800 could face a strong selling interest. Bitcoin Price…

Query the Bitcoin Cash Blockchain With Bitcoin.com’s Dedicated Bitdb Node

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Over six months ago, Bitcoin.com launched a dedicated development page for programmers working on the Bitcoin Cash (BCH) network. More recently, our web portal further added the literature “Mastering Bitcoin Cash,” a comprehensive overview of BCH basics and technical operation of the protocol. In order to ring in the New Year, Bitcoin.com has added a dedicated Bitdb node and explorer this week that can query the BCH chain. Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold Bitcoin.com Adds Dedicated Bitdb Node for the Bitcoin Cash Network…

Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

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The total crypto market cap tumbled and declined more than $20.00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0.1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels. Tron (TRX) trimmed most its recent gains and traded below the $0.0280 level. Cardano (ADA) price is down around 20% and traded below the $0.0450 support level. The crypto market turned bearish recently and lost more than $20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano…

Nick Szabo and The Winklevoss are More Bullish About Bitcoin than They Are About Gold

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Nick Szabo at the Israel Bitcoin Summit Famous cryptographer, computer scientist, and crypto investor Nick Szabo once again defended the high potential of crypto coins as mechanisms of economic promotion in a recent debate in Tel Aviv, Israel. Speaking At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, Mr. Szabo explained that the use of cryptocurrencies will have a stabilizing and positive effect for countries facing economic sanctions and policies defeated by inflation, monetary devaluation, and incorrect planning decisions. Nick Szabo: Bitcoin Could be Better for Banks…

Ripple Price Analysis: XRP’s Bearish Continuation Below $0.3200

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Ripple price topped near the $0.3820 level and later declined sharply below $0.3500 against the US dollar. There is a short term connecting bearish trend line formed with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently consolidating losses, but it may soon resume its decline below $0.3200 and $0.3100. Ripple price made a sharp U-turn against the US Dollar and Bitcoin. XRP/USD is placed in a bearish zone and it may accelerate losses below the $0.3200 support. Ripple Price…

Ethereum Price Analysis: ETH Nosedived, More Declines Likely

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Key Highlights ETH price failed to stay above the $146 support and declined heavily against the US Dollar. There is a short term bearish trend line formed with resistance at $128 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct a few points towards $130, but it is likely to extend declines below $120. Ethereum price declined heavily during the past few hours against the US Dollar and bitcoin. ETH/USD could test $110 or $105 if it fails to recover above $128 and $136. Ethereum…

Circle CEO Says More Regulatory Clarity From US SEC Will Help Unlock Crypto Markets

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CEO and co-founder of Goldman Sachs-backed crypto finance company Circle has said the biggest regulatory hurdle facing crypto today is the lack of clarity from the United States securities regulator over how to define various crypto assets. Jeremy Allaire made his remarks in an AMA reddit thread he initiated on Jan. 10 together with Circle co-founder Sean Neville and other representatives from the firm. In response to a question over Circle’s efforts to educate regulators like the Securities and Exchange Commission (SEC) about the crypto industry, as well as specific…

There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

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Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in fact, less than $100,000. In the report, Augur placed the total value of bets placed on the platform at $2,040,934.63 (13,451 ETH). This value was achieved across a total of 1,724 markets. Writing on Twitter,…

There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

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Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in fact, less than $100,000. In the report, Augur placed the total value of bets placed on the platform at $2,040,934.63 (13,451 ETH). This value was achieved across a total of 1,724 markets. Writing on Twitter,…

Most Cryptos Need CFTC’s Light Touch, Not SEC Oversight

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United States congressman Darren Soto has said that most cryptocurrencies should not be regulated under the country’s securities regulator. Soto made his comments in an interview with financial news channel Cheddar on Jan. 10. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) — rather than classed as securities under the Securities and Exchange Commission (SEC)’s charge. Soto, a Democrat, is a member of the U.S. House of Representatives for the 9th District of Florida, and spearheaded a bipartisan…