Day: December 1, 2019

3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle

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Whilst the Bitcoin price (BTC) action may seem bearish to some, the leading digital asset has several bullish indicators that hint towards an imminent recovery. As Bitcoin enters the last month of 2019, will the king of cryptocurrencies finish on a bullish rally, or fall to a yearly low? Daily crypto market performance. Source: Coin360.com The daily chart turns bullish BTC USD daily chart. Source: TradingView Since the beginning of November, the daily chart has been bearish. Multiple attempts were made to break $9,500, but this failed to materialize and…

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

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Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh but older mining rigs currently struggle for profits. Also read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much Mining the SHA256 algorithm is still profitable,…

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

boss

Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh but older mining rigs currently struggle for profits. Also read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much Mining the SHA256 algorithm is still profitable,…

Hodler’s Digest, Nov. 25–Dec. 1

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto exchange Upbit confirms theft of 342,000 ETH Another week, another hack — leaving us all with a distinct sense of déjà vu. On Wednesday, the major South Korean crypto exchange Upbit confirmed that a whopping 342,000 Ether (ETH) had been stolen from its hot…

Top-5 Cryptos This Week: ATOM, TRX, ADA, EOS, XMR

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A few of the top performers of the past seven days are showing strength. This suggests that select cryptocurrencies can offer buying opportunities. This is the second year in a row that November has turned out to be the worst month for Bitcoin (BTC) of the year. In 2018, Bitcoin’s price had plunged 36.18%. While this year, the decline has been 17.51%. However, December is an important month to watch out for. Since 2015, Bitcoin has moved more than 30% in December. If history were to repeat itself, traders should…

New Law in Germany Allows German Banks to Offer Crypto-Related Services

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German banks have so far not been allowed to conduct their various businesses in cryptocurrency. However, a new law called the fourth EU Money Laundering Directive is going to revolutionize the way banks and customers interact. At its basic, the new law will empower banks to become the primary custodians of digital currency for their customers. Local news agency Handelsblatt reports: “Starting in 2020, financial institutions will be able to offer their customers online banking, virtually at the touch of a button, along with classic securities such as stocks and…

US Lawmakers Want to Brand Libra a Security, Association Disagrees

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A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle. Meanwhile, lawmakers sponsoring the bill say stablecoins should be classified as securities to protect U.S. consumers. If passed, stablecoin projects like Libra will potentially fall under the purview of stringent U.S. securities regulations. Critics of the move remark that such measures only serve to further dampen the country’s…

Crypto Asset Exchange Poloniex Buys Decentralized TRON-Based Exchange TRXMarket

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The US-based digital asset exchange Poloniex announced the acquisition of TRXMarket on November 27th. TRXMarket, a decentralize exchange that is based on the TRON (TRX) network, will now be called Poloni DEX and carry out functions under Poloniex. Poloniex, among the top global virtual asset exchanges, made the recent purchase as part of its plan to expand its crypto trading platform and make several new trading options available for its customers. After careful evaluation, Poloniex settled on TRXMarket’s acquisition as its next move. Poloniex’s vision to enable crypto trading across…

PODCAST: Altcoins and Ancient History with Litecoin’s Charlie Lee

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Andreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdotes, and historical precedents effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world. Source If You Liked This Article Click To Share AltcoinsAncientCharlieHistoryLeelitecoinsPodcast CryptoX Portal

PODCAST: Altcoins and Ancient History with Litecoin’s Charlie Lee

boss

Andreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdotes, and historical precedents effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world. Source