Month: December 2017

With scaling the center of attention in the public blockchain sector, an older but lesser known attempt to overcome the restrictions inherent in ethereum is getting a refresh. Revealed in an exclusive interview with CoinDesk, a new TrueBit protocol is being released this December, one that removes the ethereum “gas limit,” which today puts an upper-bound on the number of computations the network can achieve, bringing the second largest blockchain by market capitalization closer to its oft-touted goal of becoming Read more …

The Trump administration has said it is keeping an eye on cryptocurrencies like bitcoin in the wake of its recent explosive price jumps. White House press secretary Sarah Sanders said during a press briefing session that bitcoin and other cryptocurrencies are “something that is being monitored by our team.” In response to a reporter’s question on whether the U.S. government is planning for cryptocurrency regulations, Sanders mentioned that there is no specific announcement on the topic right now, adding that it had Read more …

Key Points Bitcoin gold price declined recently and moved below the $300.00 support against the US Dollar. This is a major bearish trend line forming with resistance at $290 on the hourly chart of BTG/USD (data feed from Bitfinex). The price might continue to struggle to break the $290 and $300 resistance levels in the near term. Bitcoin gold price is in a bearish trend below $320 against the US Dollar. BTG/USD is holding $250, but remains at a risk Read more …

News To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its key finding? Bitcoin hit peak criminality in 2014 and has been dropping ever since. See also: Trump’s Federal Reserve Nominee: Cryptos “Don’t Really Matter Today” Bitcoin: More Legitimate Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cardano price has exploded this week ahead of the release of an updated development roadmap, but many investors fear that its release will trigger a liquidation event. As CCN reported, cardano stormed to the ninth spot in the market cap rankings on the heels of a rally that saw the price of the ADA cryptocurrency increase fourfold.  At one point, cardano was up 400% for the Read more …

Hello and welcome to News BTC’s Market Outlook December. ETH/USD Ethereum has fallen rather significantly against the US dollar, partially in a “knock on” move from the brutal selloff in Bitcoin. Ethereum has lost $100 in the last 24 hours, and of course that is a very significant selloff. It currently looks as if we are going to test the $400 level underneath. The $400 level of course is a psychologically important area, and previous support. If we were to break Read more …

Finance Chicago Mercantile Exchange Group Inc (CME) left a cryptic note atop its more detailed explanation of how bitcoin futures would be rolled out. Red emblazoned, it stated: “Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch Bitcoin futures.” Q4, the last three months of the year, is upon us, and it turns out the key phrase in that highlighted sentence might be “pending all relevant regulatory review periods.” Read more …

Compared to other alt coins, DASH has been resilient and is making higher highs. NEO and NEM on the other hand are rebounding from key support levels and should NEO break below that level then it will herald a new phase of bears. On the other hand NEM traders should watch out $0.20 support. Let’s look at the charts: NEM PRICES TEST LOWS OF $0.20 AND REVERSES XEMUSD 4HR Chart for December 1, 2017 NEM bulls and sellers are equally Read more …

Hello and welcome to News BTC’s Market Outlook December. DASH/USD DASH continue to be volatile during the trading session on Thursday, as we are selling off rapidly. The market has lost $150 as I write this, part of it being a reaction to the bloodbath in the Bitcoin market. Crypto currencies everywhere are getting sold off rather drastically, but dash does have a significant amount of support at the $640 level. If we were to break down below the $600 level, Read more …

Key Highlights Ripple price came under renewed selling pressure as it moved below $0.2500 against the US Dollar. There are two key bearish trend lines forming with resistances near $0.2400 and $0.2460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher but struggling to break the $0.2400 and $0.2450 resistance levels. Ripple price is under bearish pressure against the US Dollar and Bitcoin. XRP/USD has to move above $0.2450 to gain Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. New Zealand’s Financial Markets Authority (FMA) has issued a warning to potential investors to stay away from a teen’s NZD$220 million cryptocurrency venture, fearing that its success may be overblown. In August, 19-year-old Ashutoush Sharma, a former student at Auckland Grammar, launched e-commerce site Sell My Good. This week, he began accepting investor funds with the aim of raising $220 million for his cryptocurrency SMG Cash, the New Zealand Herald reports. Read more …

Central banks might benefit from issuing cryptographic versions of fiat currencies, but the benefits would vary depending on whether they did so in an advanced or developing economy. At least that’s according to Ben Fung from the Central Bank of Canada and Walter Engert from the Office of the Superintendent of Financial Institutions, both of whom published a paper this week discussing the pros and cons for central banks issuing cryptocurrencies. Notably, the paper ends on the question of whether it’s worth it for Read more …