Day: September 13, 2019

Bitcoin.com Wants to Launch a Bitcoin Cash Futures to Compete with XRP and ETH

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If things go according to plan, Bitcoin.com would soon launch the first Bitcoin Cash derivative in the form of futures contracts. The company is looking to launch this with a CFTC-approved exchange. Currently, the world’s fourth-largest cryptocurrency by market cap is Bitcoin Cash (BCH) and has been for a minute. Even at this position and with a market cap of $5.37 billion, not a lot is usually heard about BCH compared to its “senior colleagues” like Bitcoin (BTC), Ether (ETH) and XRP. However, Roger Ver is planning to do something…

Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief

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The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles. Perez: “We don’t want to be like BlackRock” In an interview with French news magazine Les Echos on Sept. 12, Bertrand Perez, director general of the Libra Association, said the token should appear in the second half of 2020.  The comments came the day France’s economy and finance minister said the country would refuse to allow Libra to operate within its borders.  As Cointelegraph reported, concerns…

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

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The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions. Double open positions limit, says CME According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).  If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.  The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular…

Bitcoin Price (BTC) Rebounding But Can Bulls Overcome $10,500?

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Bitcoin price remained well supported above the main $10,000 level against the US Dollar. The price is trading nicely above the $10,250 resistance, but it might struggle near $10,500. Yesterday’s highlighted key declining channel was breached with resistance near $10,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains below the $10,450 and $10,500 resistance levels. Bitcoin price is gaining bullish momentum above $10,300 against the US Dollar. BTC must break $10,450 and $10,500 to continue higher in the coming sessions.…

Top Analyst Says Ethereum Screams ‘Buy’ As It Prepares for a Wave Up – CCN.com

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Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders are calling for a move below $100. Bartney bearish on Ethereum | Source: Twitter However, a leading Wyckoff analyst thinks the exact opposite. The technical trader believes that the retracement…

Top Analyst Says Ethereum Screams ‘Buy’ As It Prepares for a Wave Up – CCN.com

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Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders are calling for a move below $100. Bartney bearish on Ethereum | Source: Twitter However, a leading Wyckoff analyst thinks the exact opposite. The technical trader believes that the retracement…

Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%

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ETH price stayed above the key $175 support and recovered recently against the US Dollar. Bitcoin price is trading nicely and it recently broke the key $10,250 resistance area. This week’s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading above the $180 level and it seems like it could continue to rise towards $185. Ethereum price is trading nicely above $175 versus the US Dollar, while bitcoin jumped above $10,300. ETH price could…

Hybrid AI Firm Cindicator Launches Tracking App for 150 Digital Assets

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Hybrid intelligence firm Cindicator launched Edge, a new web app for receiving and tracking indicators for over 150 digital assets. Estimating probability in the market According to a blog post on Sept. 11, the new product called Cindicator Edge targets holders of Cindicator (CND) tokens and is available on free demo basis. Cindicator Edge’s indicators intend to help in making trading decisions by estimating probabilities of various events across more than 100 crypto assets, stocks and futures, according to the announcement. In order to receive more indicators in real-time, users…

BitMarket Co-Founder Faces 10 Years in Prison for Multi-Million Bitcoin Fraud – CCN.com

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BitMarket co-founder is at the center of a multi-million-dollar fraud investigation. | Image: Shutterstock The District Prosecutor’s Office in the Polish city of Suwałki has charged a co-founder of BitMarket.pl for committing fraud while operating the now-defunct cryptocurrency exchange. On Sep. 12, the court revealed that it had charged an individual identified as Marcin A for committing fraud between mid-2015 until July 7, 2019. The investigation found that Marcin A. defrauded 525 customers while acting under the BitMarket.pl domain resulting in “an unfavorable disposition of property with a total value of…

Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

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Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco. Recover losses on behalf of Mt. Gox victims On Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the Moscow law firm outlined its proposal to recover close to $2 billion in BTC on behalf of the victims of the hack of the now-defunct Mt. Gox exchange, which according to its lawyers has the promise of making the…