Day: July 27, 2019

Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

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On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During the dialogue, Zhuoer also emphasized that the infrastructure Satoshi Nakamoto left behind is very advanced and can “achieve very high performance” rate using the BCH network. Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens Btc.top CEO…

Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

boss

On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During the dialogue, Zhuoer also emphasized that the infrastructure Satoshi Nakamoto left behind is very advanced and can “achieve very high performance” rate using the BCH network. Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens Btc.top CEO…

Don’t Call Ethereum an ‘Altcoin’ Anymore

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Institutional cryptocurrency exchange San Francisco Open Exchange (SFOX) suggested that Ether (ETH) may not be an altcoin anymore, in its latest market report published on July 24. ETH is more correlated to BTC than other alts In its post, SFOX suggested that “it may no longer be accurate to classify Ethereum as an ‘altcoin.’” The reason why the exchange is suggesting that ETH may not fit into the altcoin category is that BTC’s current correlation with Ether is markedly higher than its correlations with other altcoins. The author of the…

The ‘War on Bitcoin’ Is Almost Here – And It Will Get Ugly

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For better or worse, bitcoin is now on the global political stage.  It was discussed in Congress. Donald Trump slammed bitcoin on Twitter. The Treasury Secretary called cryptocurrencies a national security threat, and the chairman of the Federal Reserve urged caution. Meanwhile, India just proposed an all-out ban on bitcoin while China scrambles to create […] The post The ‘War on Bitcoin’ Is Almost Here – And It Will Get Ugly appeared first on CCN Markets Source link

Crypto Exchanges Benefit from Algorithmic Trading: Here’s How

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Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto Exchange Race’ that discusses trading venues offering direct connectivity to their matching engines. While ErisX has only recently launched its spot market, other crypto exchanges announced their intention to and/or began to enable trading firms…

Crypto Exchanges Are Benefiting from Algorithmic Trading: Here’s How

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Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto Exchange Race’ that discusses trading venues offering direct connectivity to their matching engines. While ErisX has only recently launched its spot market, other crypto exchanges announced their intention to and/or began to enable trading firms…

Bitcoin Price Rejected Above $10,000, Will $9,000 Break Or Bounce?

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Bitcoin price has been on a wild ride throughout 2019, coming from bear market lows around in the $3,000 range all the way up to $14,000 before falling back below $10,000 and potentially looking at further downside if bulls cannot reclaim lost territory. This morning, Bitcoin price plummeted through $10,000 after a spike to $10,200 following last night’s daily close was rejected fiercely. The rejection sent Bitcoin sharply down to $9,500 where it is currently trading. With bulls in trouble of allowing bears to regain control, reclaiming upside targets in…

Trump DOJ Sues Infamous Bitcoin Exchange for $100 Million

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The Trump administration has filed a $100 million lawsuit against infamous bitcoin exchange BTC-e and its alleged operator, Russian national Alexander Vinnik. Vinnik, who remains in custody in Greece as governments worldwide jockey to extradite him, stands accused of laundering billions of dollars worth of cryptocurrency stolen from other exchanges, most notably Mt. Gox. Trump DOJ Sues BTC-e, Alexander Vinnik for $100 Million for Illicit Bitcoin Dealings Alexander Vinnik allegedly ran one of the largest bitcoin laundering operations ever. | Source: Shutterstock The $100 million civil suit, which the Department…

Crypto Assets Tank, Lose 5% in Minutes as Bitcoin Fails to Hold $10,000

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Would you look at that — over the past 30 minutes, crypto assets have tanked. In a matter of about ten minutes, most large-cap altcoins, including Ethereum, XRP, and Litecoin, shed approximately 5% on average. The sell-off in the price of Bitcoin was the catalyst in this case, which in and of itself caught many traders with their pants down. With this move, Bitcoin dominance slipped, falling by 0.4% as the crypto asset class dumped in unison. This means that relative to altcoins, BTC actually fell further. Related Reading: Panera…

Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next

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Bitcoin (BTC) price dropped $800 in 15 minutes July 27 after a dramatic bearish move destroyed support at $10,000.  Bitcoin 24-hour price chart. Courtesy of Coin360 Bitcoin traders eat their wallets Traders were scratching their heads on social media Saturday in the wake of the sudden losses, with BTC/USD crashing from $10,180 to $9,410. At press time, the pair had recovered marginally to circle $9,500, while a lack of obvious factors left commentators struggling to understand the market.  As Cointelegraph reported, a return to $10,000 earlier came as a surprise…