• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 25/01/20
    FX Empire

    EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 25/01/20

    It’s a bearish start to the day for the majors. Failure to move through to key levels would bring support levels back into play.

  • Latest Bitcoin SV price and analysis (BSV to USD)
    Coin Rivet

    Latest Bitcoin SV price and analysis (BSV to USD)

    Bitcoin SV (BSV) is currently trading at around $257 after a huge 19% drop since last week. BSV has fallen significantly over the last 24 hours, losing around 9% in value. From September to October 2019, BSV pumped close to 80% before dropping around 45% towards the end of the year. However, the price of BSV spiked to a new all-time high this month after pumping over 300% since the start of 2020. Last week, at the peak of its most recent rally, BSV was worth $425 per coin. Will Bitcoin SV recover from its recent slump or continue to fall? Let's take a look at the chart. Despite the recent drop, Bitcoin SV's price chart is still extremely bullish.The post Latest Bitcoin SV price and analysis (BSV to USD) appeared first on Coin Rivet.

  • Bitfinex trader profits $7 million as Bitcoin begins bearish descent
    Coin Rivet

    Bitfinex trader profits $7 million as Bitcoin begins bearish descent

    Bitfinex trader JOE007 has gained a staggering $6.95 million in unrealised profit by trading Bitcoin this week, according to the exchange's leaderboard. In December, Coin Rivet reported on the same trader's woeful loss of $26 million as he found himself caught in a long position during Bitcoin's decline to $6,800. However, as Bitcoin began to claw its way back up after the turn of the year, his profit and loss flipped into the positive. Bitcoin is now more than 10% down in the past five days, indicating that JOE007 has been holding a short position during the decline. The daily candle closed beneath the $8,450 level of support yesterday as Bitcoin moves closer towards the 200 exponential moving average (EMA),The post Bitfinex trader profits $7 million as Bitcoin begins bearish descent appeared first on Coin Rivet.

  • The Crypto Daily – Movers and Shakers – 24/01/20
    FX Empire

    The Crypto Daily – Movers and Shakers – 24/01/20

    It’s turned bearish for the majors, with losses this week eating into last week’s gains. A Bitcoin move back through to $8,500 levels would signal support.

  • The Bitcoin futures market is growing with more solutions on the way
    Coin Rivet

    The Bitcoin futures market is growing with more solutions on the way

    A futures contract is a technique used to hedge positions and reduce the risk of the unknown. In the case of Bitcoin, futures are mostly associated with speculators who wish to use traditional, regulated financial services to bet on the price of Bitcoin. Essentially, Bitcoin futures allow for traditional investors to enter the Bitcoin space and participate in the markets without having to go through all the steps needed to buy actual Bitcoin. As Andreas Antonopolous explains in this interview with Ivan on Tech, the more developed a market is, the more options will appear to bet on the price of said market. In this article, I will take a look at how the Bitcoin futures market has been developing.The post The Bitcoin futures market is growing with more solutions on the way appeared first on Coin Rivet.

  • Latest Litecoin price and analysis (LTC to USD)
    Coin Rivet

    Latest Litecoin price and analysis (LTC to USD)

    Litecoin (LTC) is currently trading at around $55 after a 5% drop in price over the last 24 hours. Litecoin experienced exponential growth during the summer of 2019, hitting a yearly high of about $140 in August before breaking down over the second half of the year. The altcoin reached a low of around $37 before recovering to $40, where the altcoin consolidated for a few weeks. Overall, from high to low, Litecoin lost about 68% of its value in the second half of 2019. Interestingly, at the time of writing, LTC seems to be showing signs of recovery along with the rest of the cryptocurrency market. Despite last night's drop, Litecoin is still up around 38% since the startThe post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.

  • Bitcoin flips bearish with battle over $8,450 level of support
    Coin Rivet

    Bitcoin flips bearish with battle over $8,450 level of support

    A tremendous tussle between Bitcoin bulls and bears is underway this morning with a major sell-off causing price to slump towards the $8,450 level of support. This particular level provided a bounce for Bitcoin's price on two occasions over the weekend, while it was also a point of resistance on January 8. A daily candle close below this level would see the world's largest cryptocurrency flip into a bearish posture with downside price targets emerging at $8,150 and $7,850. A corrective move to the downside would also see a rejection of a potential golden cross, which would have seen the daily 50 EMA cross the 200 EMA to the upside for the first time since April 2019. However, the bearishThe post Bitcoin flips bearish with battle over $8,450 level of support appeared first on Coin Rivet.

  • Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 23/01/20
    FX Empire

    Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 23/01/20

    It’s a bearish start to the day, with support levels in play. Failure to break back through the support levels would lead to heavier losses in the day.

  • EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/01/20
    FX Empire

    EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/01/20

    It’s back into the red for the majors. Failure to break through to key levels by late morning could lead to heavier losses…

  • ETC Labs commits $1 million to blockchain-focused startups and solutions in UNICEF Innovation partnership
    The Block

    ETC Labs commits $1 million to blockchain-focused startups and solutions in UNICEF Innovation partnership

    Ethereum Classic Labs (ETC Labs) is partnering with the UNICEF Innovation Fund by allocating $1 million to support initiatives. In a statement today, ETC Labs announced it would apportion $750k to global startup graduates of the UNICEF Innovation Fund and give $250k directly to the Fund.  ETC Labs also said it plans to support a […]The post ETC Labs commits $1 million to blockchain-focused startups and solutions in UNICEF Innovation partnership appeared first on The Block.

  • Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem
    The Block

    Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem

    Jiang Zhuoer, CEO of BTC.TOP, the largest mining pool on Bitcoin Cash, announced a proposal through a blog post that would redirect 12.5% of Bitcoin Cash Coinbase block rewards to a development fund. The fund is a Hong Kong corporation that has been set up to legally accept and disperse funds and would be provided […]The post Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem appeared first on The Block.

  • Grayscale extends support to the Ethereum Classic Cooperative
    The Block

    Grayscale extends support to the Ethereum Classic Cooperative

    Asset management giant Grayscale has extended its financial support of the Ethereum Classic Cooperative (ECC) for another two years. Created in 2017, the ECC is a public charity that directly funds development projects on the Ethereum Classic protocol, infrastructure, and related applications. Grayscale initially made a three-year funding commitment and has now pledged two additional […]The post Grayscale extends support to the Ethereum Classic Cooperative appeared first on The Block.

  • ‘Regulation will see Bitcoin go mainstream in the UK’ – Coinfloor CEO
    Coin Rivet

    ‘Regulation will see Bitcoin go mainstream in the UK’ – Coinfloor CEO

    Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms and wallet providers to identify their customers for anti-money laundering purposes. The UK has decided to implement the law despite its decision to leave the EU. Coinfloor CEO Obi Nwosu says tighter EU and UK Financial Conduct Authority (FCA) regulations will increase confidence among consumers. He told Coin Rivet: “Clearer regulation is a going to be a good thing for the UK and EU. It will bring more certainty for users, service providers like us, andThe post ‘Regulation will see Bitcoin go mainstream in the UK’ – Coinfloor CEO appeared first on Coin Rivet.

  • Latest Ethereum price and analysis (ETH to USD)
    Coin Rivet

    Latest Ethereum price and analysis (ETH to USD)

    At the time of writing, Ethereum (ETH) is trading at around $167 following a whopping 11% increase in price since last week. Over the past 24 hours, ETH has gained about 1%. The world's second-largest cryptocurrency by market cap has been consolidating to the upside since the start of the new year and is now back above its 20-day and 50-day EMAs. As mentioned last week, the uncertainty around ETH's price action could mean a continuation of the current bullish momentum. In addition, ETH is getting close to the key resistance levels I discussed last week: between $170 and $180, right where the 200-day EMA is sitting. Let's take a look at the chart for Ethereum, courtesy of TradingView. DuringThe post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.

  • Bitcoin is ‘not effective’ to serve purposes of money, says billionaire investor Ray Dalio
    The Block

    Bitcoin is ‘not effective’ to serve purposes of money, says billionaire investor Ray Dalio

    Billionaire investor Ray Dalio, who is the founder of the world’s largest hedge fund Bridgewater Associates, is not a fan of bitcoin. Dalio believes bitcoin doesn’t serve purposes of money. “There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases […]The post Bitcoin is ‘not effective’ to serve purposes of money, says billionaire investor Ray Dalio appeared first on The Block.

  • Money Saving Expert founder Martin Lewis targeted by Bitcoin scammers
    Coin Rivet

    Money Saving Expert founder Martin Lewis targeted by Bitcoin scammers

    Martin Lewis, financial journalist and founder of hugely popular personal finance site MoneySavingExpert.com, has had his likeness used by scammers for fake Bitcoin adverts. Taking to Twitter to express his outrage, Lewis warned followers that his image is being used by Bitcoin scammers in an attempt to defraud vulnerable victims. Lewis shared a screenshot of one of the scam ads, shown above, which appears to show his likeness alongside the headline “Martin Lewis lends a hand to British families with Bitcoin Future”. The scam ad, which takes the form of a legitimate-looking advertorial circulated via email, goes on to state that Brits are making up to £450 a day from the Bitcoin scheme, leading to many "quitting their jobs". BeThe post Money Saving Expert founder Martin Lewis targeted by Bitcoin scammers appeared first on Coin Rivet.

  • BitPay adds support for XRP
    The Block

    BitPay adds support for XRP

    Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple’s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment […]The post BitPay adds support for XRP appeared first on The Block.

  • Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 22/01/20
    FX Empire

    Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 22/01/20

    It could be a choppy day ahead for the majors, as they give up early morning highs… A move back through Tuesday’s highs by late morning would signal a breakout.

  • The Crypto Daily – Movers and Shakers – 22/01/20
    FX Empire

    The Crypto Daily – Movers and Shakers – 22/01/20

    It’s a relatively bullish start to the day for the pack. A Bitcoin move through to $8,800 levels would signal a breakout…

  • Square Crypto unveils its first product: a developer kit for the Lightning network
    The Block

    Square Crypto unveils its first product: a developer kit for the Lightning network

    Square Crypto, the crypto initiative begun by payment company Square, has unveiled a developer kit for bitcoin's Lightning network. The post Square Crypto unveils its first product: a developer kit for the Lightning network appeared first on The Block.

  • Litecoin remains bearish amid fifth consecutive lower high
    Coin Rivet

    Litecoin remains bearish amid fifth consecutive lower high

    Litecoin has been faced with a daunting rejection of the 200 exponential moving average (EMA) after making a fifth consecutive lower high since June. The world’s seventh-largest cryptocurrency is now in danger of dropping back towards the $47 level of support. Litecoin’s four-hour chart also shows the early stages of a head and shoulders pattern, with the left shoulder and neckline both seeing surges of volume. Head and shoulders patterns are typically indicative of a reversal in price action, which would be in keeping with the recent rally. Despite trading at just $37 before the new year, Litecoin spiked all the way up to $64 on January 17 before beginning a corrective move to the downside. If LTC is toThe post Litecoin remains bearish amid fifth consecutive lower high appeared first on Coin Rivet.

  • Self-hosted bitcoin payments processor BTCPay launches new ‘Vault’ desktop app
    The Block

    Self-hosted bitcoin payments processor BTCPay launches new ‘Vault’ desktop app

    BTCPay has released a new desktop application – BTCPay Vault – to integrate user hardware wallets into its system and allow more users to take advantage of its full Bitcoin node.  Established in 2017, BTCPay is a self-hosted, open-source bitcoin payments processor. According to an official blog post, the platform does not store private keys […]The post Self-hosted bitcoin payments processor BTCPay launches new 'Vault' desktop app appeared first on The Block.

  • Bitcoin technology: What’s coming in 2020?
    Coin Rivet

    Bitcoin technology: What’s coming in 2020?

    Bitcoin has been accused many times in the recent past of lacking innovation and quality developers working on its core protocol. However, if you look at what's going on under the hood, you'll see a great deal of exciting new features have been added over the last few years, with even more scheduled for this year. For example, last year, blockchain technology company Blockstream released Miniscript, a new scripting compiler for Bitcoin that aims to improve its programmability without compromising security. Recent technology proposals include Schnorr signatures (a new signature scheme), MAST (a brand new Merkle tree data structure), and Taproot, which offers a way to allow all participants to agree on an outcome and sign off on a settlementThe post Bitcoin technology: What's coming in 2020? appeared first on Coin Rivet.

  • Grayscale’s Bitcoin Trust is now registered with the SEC as reporting company
    The Block

    Grayscale’s Bitcoin Trust is now registered with the SEC as reporting company

    Crypto asset manager Grayscale’s Bitcoin Trust has been officially registered as a Securities and Exchange Commission (SEC) reporting company. As previously reported, the New York-based firm filed a registration statement on Form 10 with the SEC in Nov. 2019 on behalf of its Grayscale Bitcoin Trust (GBTC). It has been over 60 days after the […]The post Grayscale's Bitcoin Trust is now registered with the SEC as reporting company appeared first on The Block.

  • Latest Bitcoin Cash price and analysis (BCH to USD)
    Coin Rivet

    Latest Bitcoin Cash price and analysis (BCH to USD)

    At the time of writing, Bitcoin Cash (BCH) is trading at around $341 following an 8% dump over the weekend. However, BCH is still up 3% over the last 24 hours and 1% since last week. Since the start of the new year, the price of BCH has risen $150 from about $190 to $340. In essence, BCH has grown close to 80% since January 1, but it's still well below its 2019 summer high. Will BCH start pushing higher again thanks to recent developments? And if so, what are the next levels of support to look out for? Let's take a look at the chart, courtesy of TradingView. Bitcoin Cash is showing extremely positive signs. As stated above, since theThe post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet.

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