Day: September 3, 2019

Bitcoin Cash Can’t Mine Blocks Bigger Than 2MB, Lead Dev Suggests

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Altcoin Bitcoin Cash (BCH) faced fresh criticism this week after one of its lead developers appeared to admit its network was unable to process its larger blocks. In a Reddit exchange on Sept. 2, Amaury Séchet, via his account known as u/deadalnix, responded to criticism of some miners by another pro-BCH user. In the response, the developer suggested a BCH node would not be able to process a block of transactions 2 megabytes or larger. Séchet is the lead developer of Bitcoin ABC, the first incarnation of the Bitcoin Cash…

Zcash Foundation Says ZEC Developer Broke Trademark Promise

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The Electric Coin Company (ECC), the developer of second-biggest anoncoin Zcash (ZEC), has reneged on its declared intent to share its trademark with the non-profit Zcash Foundation. The decision has — from the perspective of the Foundation — lowered the Zcash ecosystem to the level of “decentralization theater,” according to an official blog post on Sept. 2. “We already have an agreement in principle” The Foundation notes that ECC has long-signalled its intent to share its trademark with the non-profit, which was created in March 2017 to help grow the…

Bitcoin.com Opens Crypto Exchange to Compete with Coinbase and Binance

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Bitcoin.com, a website previously focused on covering Bitcoin (BTC), Bitcoin Cash (BCH) and general cryptocurrencies news, announced the launch of its own digital assets exchange. Per the announcement published on Sept. 2, the platform “will host a slew of trading pairs including popular cryptocurrencies like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), and EOS.” It is also noted:  “Exchange.Bitcoin.com will have markets denominated in base currencies like bitcoin cash (BCH), ethereum (ETH), bitcoin core (BTC), and tether (USDT).” Always aim high Managing director of Bitcoin.com exchange Danish…

The Original Vision of Bitcoin is the Answer to Mass Adoption of Cryptocurrency

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Despite its fallacies, blockchain technology, as Satoshi envisioned it, presents an opportunity to transform the way financial markets work Satoshi Nakamoto created Bitcoin out of his distrust and the control governments and central banks have over the financial sector. After negative banking experiences, a global recession, and not being able to open a bank account, he was fed up with the modern financial system and wanted to create something to empower the poor person, the little man, an electronic version of cash that would be free from government or central bank…

Bitcoin Price (BTC) Signaling Bullish Reversal: Can Bulls Break $10.5K?

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Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar. The price is currently consolidating below the next key resistance at $10,500-$10,525. This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a range and dips are likely to find bids near $10,250 and $10,100. Bitcoin price is up more than 7% above $10,400 against the US Dollar. BTC is now facing hurdles…

Bitcoin And Crypto Market Rally Looks Real: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap recovered nicely and broke the key $250.0B resistance area. Bitcoin price is up more than 7% and it recently climbed above $10,400. Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance. Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels. BCH price is up more than 5% and it is about to break the $300 resistance area. Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels. The crypto market…

Ripple Price (XRP) Testing Last Line Of Defense: BTC and ETH Recovering

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Ripple price started an upside correction above the $0.2600 resistance against the US dollar. The price is facing a strong selling interest near the main $0.2650 resistance area. Yesterday’s highlighted major bearish trend line was breached with resistance near $0.2565 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently correcting gains and it could find support near the $0.2580 level. Ripple price is showing positive signs against the US Dollar, while bitcoin rallied 7%. XRP price must climb above the $0.2650 resistance for…

Ethereum Price (ETH) Struggling Near $180 While Bitcoin Breaks Key Resistance

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ETH price recovered nicely above the $172 and $175 resistance levels against the US Dollar. The price is currently struggling to break an important resistance area near the $180 level. There is a new key bullish trend line forming with support near $175 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price surged more than 6% in the past few hours and broke the main $10,000 resistance. Ethereum price is testing key resistance after a decent rally versus the US Dollar, and bitcoin is up 6%. ETH…

Crypto Payments Startup Eligma Raises €4 Million From Bitcoin.com and Pangea Blockchain Fund

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Many retail stores would like to welcome the added business that the crypto community brings, but find that they don’t have the capability to do so within their existing payment infrastructure. One company bridging this gap is Slovenian startup Eligma which is now set to start global expansion with an infusion of cash from Bitcoin.com and Pangea Blockchain Fund. Also Read: What Makes Slovenia a Cryptocurrency Leader – Bitcoin.com Mini-Documentary Eligma Raises €4 Million For Global Expansion Eligma has announced it’s recently completed a new funding round, bringing the total…

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

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Monday, Sept. 2 — Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day. Market visualization. Source: Coin360 The Bitcoin (BTC) price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at $10,401, up 6.63% on the day. Bitcoin 24-hour price chart. Source: Coin360 Cointelegraph reported earlier that Bitcoin is attempting to bounce from the trendline of the symmetrical triangle, and if the BTC/U.S. dollar pair picks up…