Archive for November 29th, 2019

Cardano [ADA] Surges 7% in a Day Due to The “Snapshot Effect”

November 29, 2019 | By | Reply | 79 Readers More
Cardano [ADA] Surges 7% in a Day Due to The “Snapshot Effect”

Cardano (ADA) is on a spike against its USD pair, surging 7% in the past day as the epoch 159 upgrade is on edge to happen at any time past 12.00 noon UTC on Friday, 29th November 2019. Cardano founder, Charles Hoskinson, who doubles up as the CEO of Input Output Hong Kong (IOHK), announced […]

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Bitcoin is a Clear Long After Forming Textbook Bottom, Claims Analyst

November 29, 2019 | By | Reply | 79 Readers More
Bitcoin is a Clear Long After Forming Textbook Bottom, Claims Analyst

It is looking increasingly likely that Bitcoin’s recent dip to lows of $6,500 will mark a long-term bottom for the cryptocurrency, as its bulls have been able to propel its price higher and sustain their momentum, with BTC now targeting a movement to $8,000. Analysts are now noting that Bitcoin is clearly shifting its recent […]

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Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

November 29, 2019 | By | Reply | 80 Readers More
Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

On November 28, the creator of doublespend.cash, a web portal that tracks and collects double spend attempts on the Bitcoin Cash network, explained that only 1 out of 1,105 double spends succeeds when they broadcast one second after the first transaction. The website’s creator highlighted that in most cases “only when submitted simultaneously, can a […]

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Bitcoin Spikes by $500 in Two Days

November 29, 2019 | By | Reply | 69 Readers More
Bitcoin Spikes by $500 in Two Days

Well, well. Here’s a bit of good news just as the holiday season is starting to pick up steam. The world’s number one cryptocurrency – bitcoin – has suddenly surged to just under $7,600, incurring a seven percent gain over the past two days. Bitcoin Is Picking Up Speed Yesterday was Thanksgiving, meaning everyone was […]

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November Ending in Red As Bitcoin Is Down $1500: Crypto Weekly Market Update

November 29, 2019 | By | Reply | 77 Readers More
November Ending in Red As Bitcoin Is Down $1500: Crypto Weekly Market Update

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, throughout the volatile month of November, Bitcoin lost […]

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German Banks Authorized to Store and Sell Cryptocurrency in 2020

November 29, 2019 | By | Reply | 95 Readers More
German Banks Authorized to Store and Sell Cryptocurrency in 2020

Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party custodial services. Also read: Germany Barely Avoids Recession, Economy Remains […]

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Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

November 29, 2019 | By | Reply | 89 Readers More
Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining […]

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CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead

November 29, 2019 | By | Reply | 88 Readers More
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead

The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the volume of BTC futures contracts has also been on the rise at CME, as it hits the highest number in the last month. Meanwhile, Bitcoin has been on […]

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BTC/USD Conflicting Signals, Is it $8,200 Or $6,400?

November 29, 2019 | By | Reply | 72 Readers More
BTC/USD Conflicting Signals, Is it $8,200 Or $6,400?

Bitcoin is pushing the impact of the head-and-shoulders pattern with $8,200 as the critical target. The rising wedge pattern is dangerous for the accrued gains; its effects could test $6,400. Bitcoin’s recently formed head-and-shoulders pattern is still the center stage of the current price action. The ongoing recovery emanates from lows close to $7,400 to […]

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Ethereum Express Launching New Projects For Over 48,000 Users

November 29, 2019 | By | Reply | 88 Readers More
Ethereum Express Launching New Projects For Over 48,000 Users

Featured  The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the Ethereum Express blockchain as the main algorithm and will serve to drastically increase the efficiency of internal processes for both pilot projects. Vlad Miller, CEO of Ethereum Express, together with the […]

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