Ethereum is slowly rising from the $162 support area, similar to bitcoin from $8,500. ETH price could start a decent increase to $180 or $185 if it settles above $170. Ether price is showing a few positive signs above the $162 and $165 support levels against the US Dollar. Bitcoin price is currently attempting to gain traction above the $8,700-$8,750 resistance area. Yesterday’s major bearish trend line is intact with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $170 resistance…
Day: January 22, 2020
Craig Wright Court Saga Nears Judgment Day With More Questions Than Answers
It has been over a year since Australian computer scientist Craig Wright proclaimed himself as the inventor of Bitcoin (BTC), and the estate of his late business partner, Dave Kleiman, became clinched in litigation over the fruits of the duo’s collaboration in the inaugural years of the cryptocurrency era. The stakes include billions worth of Bitcoin as well as ownership of blockchain-related intellectual property. Mainly because of what the magistrate judge overseeing the case called Wright’s “willful and bad faith pattern of obstructive behavior,” the pretrial process devolved into a messy barrage…
Swiss Banks Enter the Age of Bitcoin
DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November 2019 with a universal banking license and a suite of services ranging from fiat storage to crypto custody, a crypto-connected debit card that automatically converts to fiat on the backend for regular shopping and crypto-trading options through the bank’s mobile app. SEBA CEO Guido Bühler said the bank raised…
Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash
While people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often more profitable to mine than BTC and during the last seven days, the BCH hashrate has averaged around 4EH/s. Also Read: Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners Bitcoin Cash Hashrate Climbs Over 4 Exahash per Second…
Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading
Grayscale’s Bitcoin Trust now reports to the United States Securities and Exchange Commission (SEC), putting it one step closer to public trading. The announcement Grayscale’s Bitcoin Trust manages investment in Bitcoin on behalf of investors, exposing them to the coin’s potential for gains while mitigating risks. The Jan. 21 announcement advertises the trust as the first of its kind to report to the SEC. Grayscale’s full Form 10 is available here. Subsequent to this registration, the trust will need to file quarterly and annual reports with the SEC, which will…