Day: October 18, 2019

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

boss

Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem” In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form an essential focus for Bitcoin development. “The real problem with Bitcoin may be privacy. There is no other big question if the privacy issue is solved,” he summarized. Pan was commenting as cryptocurrency-related transaction privacy returns to the spotlight…

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

boss

Binance’s futures platform is increasing maximum leverage and margin on Bitcoin (BTC)/Tether (USDT) contracts to 125x, according to a press release shared with Cointelegraph on Oct. 18. Support for the contracts went live at 9:00 am UTC, with traders able to select 1x-125x leverage, with large positions adjusting to lower leverage allowed. As the press release notes: “At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.” Balancing risk with efficiency According to BInance, highly leveraged trading is being introduced…

Bitcoin a ‘Gift’ That Will Change Humanity

boss

Computer scientist and general manager of WeWork South Africa, Stafford Masie, has said that Bitcoin (BTC) will change the future of humanity more than any other technological innovation.  In a keynote delivered at the SingularityU South Africa Summit on Oct. 16, Masie — formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever gotten technologically. Revolutionary for global trade Masie argued that while the crypto wallet is “misunderstood, misused, misrepresented and viewed as complicated,” it…

Bitcoin Back Under $8K — Next Is $7.4K If Support Zone Breaks: Analyst

boss

Bitcoin (BTC) lost support at $8,000 again on Oct. 18 after a brief recovery ended up further downward selling pressure.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin eyes lower support bands Data from Coin360 showed BTC/USD briefly hit $7,850 on Friday before rebounding to just above $7,900. The latest dip capped daily losses of up to 2% for traders, with the pair having reached a high of $8,120 the previous day.  Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported, analysts were dismissive of the upward momentum, with the broader…

G7 Confirms Libra Like Cryptocurrency Needs a Legal Basis

boss

Social media giant Facebook has certainly rattled the regulatory feathers of global regulators with its grand plans for cryptocurrency world domination. Politicians and citizens alike are right to question Libra and those that will be pulling the strings behind it. The G7 group of economic powerhouses agrees that such stablecoins should not be allowed to launch until the profound international risks they pose are addressed. Legal Basis For Stable Cryptocurrency Earlier this week the G7, which comprises the US, UK, Canada, Germany, Japan, France and Italy, released a preliminary report…

Bitcoin (BTC) Price Accelerating Losses Below $8K, $7.5K Very Likely

boss

Bitcoin price corrected higher, but it faced hurdles near $8,120 and $8,140 against the US Dollar. The price is declining again and it could gain momentum below the $8,000 support. There is a major bearish trend line forming with resistance near $8,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to remain in a bearish zone unless the bulls push it above $8,120 and $8,240. Bitcoin price is struggling to rebound above $8,100 against the US Dollar. Therefore, BTC is likely to…

Binance DEX Prepares to List a BCH-Pegged Token

boss

Changpeng Zhao (aka “CZ”), CEO and founder of major cryptocurrency exchange Binance, has proposed to list a token pegged to Bitcoin Cash (BCH) on Binance DEX, the platform’s decentralized counterpart. According to the post published in Binance’s official “Token Issuance & Listings” section on Oct. 17, CZ proposes to “to list BCH-1FD, a pegged token that tracks the value of the native asset of the Bitcoin Cash.” The corresponding “one-sentence pitch” reads: “BCH-1FD aims to provide a token pegged to BCH value for trading on Binance DEX. In 2017, the…

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal

boss

The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. Also read: SEC Rejects Another High-Profile Bitcoin ETF Proposal ETF Order Stayed The SEC has sent a letter dated Oct. 15 to Intercontinental Exchange (ICE), the parent company of the NYSE, concerning its recent order…

Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis

boss

The total crypto market cap corrected a few points, but it faced a strong resistance near $215.0B. Bitcoin price is also correcting higher, but it is likely to struggle to clear the $8,200 resistance. Litecoin (LTC) price is now facing resistance near the $55.50 and $56.50 levels. BCH price is holding the main $215 support area and it is currently rebounding. Tron (TRX) price is climbing higher and it is now placed nicely above the $0.0150 level. Stellar (XLM) price is up more than 2% and it is moving towards…

Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle

boss

Ripple price started a fresh increase and it surged above $0.3000 against the US dollar. The price is currently correcting higher after trading to a new monthly high near $0.3040. Earlier, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is slowly correcting lower and it could find bids near the $0.2940 and $0.2920 levels. Ripple price is moving nicely in a positive zone against the US Dollar and bitcoin. XRP price remains…