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  • Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low

    Bitcoin (BTC) fell below $8,000 on Nov. 21 after several days of downward price pressure finally cost the cryptocurrency a major support level. Data from Coin360 showed BTC/USD finally reentering the $7,000 range on Thursday, marking its lowest since the last week of October. $7,880 was met by an immediate bounce to $7,940.  Bitcoin daily price chart. Source: Coin360 Analysts eye $7,500 and $6,500 floors for BTC Analysts had widely predicted the bearish move, with regular Cointelegraph contributor Michaël van de Poppe recently eyeing $7,400 as a realistic new support zone for Bitcoin. Continuing the forecast, fellow contributor filbfilb highlighted even lower levels — $6,500 or the pivotal profitability price for miners — as the ultimate floor if bearish sentiment continued. Before that, the 100-week moving average (WMA) at $7,520 could provide further support. As Cointelegraph reported, $6,500 is considered by many commentators as the lowest possible Bitcoin price under current conditions.  “Still think the 100 WMA will hold up at this stage, but if it doesn’t, I’m all in at $6,500,” filbfilb said in private comments. On Monday, statistician…

    Nov 21, 2019
  • Meet The DBX, Aston Martin’s Very First SUV

    UK’s Aston Martin Lagonda Global Holdings PLC, has unveiled its new sports utility vehicle (SUV). Pegged at $192,986 in the U.S., the car is currently turning a few heads not just because it’s a sleek new offering, but also because it’s the first SUV Aston Martin’s ever made since the company was founded about 106 years ago in 1913. The new Aston Martin DBX is a very roomy and airy offering which is quite notable because Aston Martins have not exactly been known for being very spacious. The car’s very spacious design can easily be tied to the fact that it’s been constructed with a reasonable lengthy wheelbase and front seat adjustments specifically designed to keep the back passengers freed up. Aston Martin CEO Andy Palmer, has expressed excitement at the groundbreaking offering, promising all prospective owners an amazing experience: “I can’t emphasize enough how incredibly exciting and significant DBX is for Aston Martin. We have both delivered this model through our expertise, but also by garnering invaluable experience and knowledge from external counsel, including our female advisory board. This…

    Nov 21, 2019
  • Roger Ver Announces $200 Million BCH Fund to Compete with Bitcoin and Ethereum |

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte The leading proponent of Bitcoin Cash [BCH], Roger Ver, announces $200 million funding at a Blockchain meet-up in London. It will be used for investing in business building on top of Bitcoin Cash. The business model of Bitcoin.com led by Roger Ver is now focusing on competing with Ethereum and other smart contract platforms. Roger Ver Continues to Attack Bitcoin [BTC] In a press release from the domain ‘Bitcoin.com,’ which is owned by Roger Ver, an array of possibilities on BTC and BCH were highlighted. It notes, The two Bitcoins – Core and Cash – have a number of advantages for projects seeking to build upon them, over and above security. However, it stretches to add weight to the ease of developing over Bitcoin Cash [BCH]. It is offering to issue of tokens on BCH using the Simple Ledger Protocol (SLP). As reported earlier on Coingape, developer teams also working on protocols standards for implementation of smart contracts on BTC. Leading Bitcoin supporters, Tone Vays and Jimmy Song have also discussed…

    Nov 21, 2019
  • Singapore Central Bank Okays Crypto Derivatives Trading

    Singapore has always been seen as a hub of digital finance. Many of the world’s major blockchain and crypto conferences are held there and a lot of the region’s exchanges have chosen the island nation for its welcoming climes. This week the country’s chief financial regulator opened its digital doors even wider with further approvals for crypto derivatives trading. Green Light For Crypto Singapore’s equivalent of a central bank, the Monetary Authority of Singapore (MAS), plans to allow the trading of derivatives involving crypto assets on regulated platforms and exchanges. According to the Nikkei Asian Review, the move could pave the way for regulatory oversight as crypto products become increasingly popular among investors. The MAS has proposed changes to Singapore’s Securities and Futures Act, which will apply to approved exchanges including the Singapore Exchange (SGX) and licensed intermediaries. The Authority added that it had received inquiries from industry participants keen to list and trade crypto-asset derivatives. “The trading of the most popular digital tokens has largely been on unregulated markets… where there have been allegations of fictitious trades, cornering and…

    Nov 21, 2019
  • Bitcoin Twitter Engagement Tumbles as Sentiment Turns Bearish

    Love it or hate it, twitter is an integral part of the crypto scene. Sentiment is often gauged by reaction from Bitcoin market analysts and industry insiders who spend their time on the social media platform. Recent charts indicate that overall engagement has declined back to levels as low those two years ago. Tweeters Go Silent on Bitcoin The irony is that a lot of what goes on in the cryptoverse revolves around postings on a centralized social media platform. This maybe testament to the immaturity of the scene in that tribalism and infantile bickering is still rife on the platform. The bottom line is that we all want the same thing, and that is the growth of Bitcoin and crypto asset ecosystem for a decentralized financial future. According to ‘Skew Markets’ twitter engagement for Bitcoin has fallen to lows not seen for two years. Looks like the bottom is in for the Twitter counts – hodling the fort! pic.twitter.com/pbLP3Hzusv — skew (@skewdotcom) November 20, 2019 This may not be the case for other crypto assets but Bitcoin at least…

    Nov 21, 2019
  • Bitcoin and Ether Market Update: November 21, 2019

    Total crypto market cap lost $14.2 billion to its value since Monday, November 18 and now stands at $220.1 billion. Top ten coins are mostly flat for the last 24 hours with Binance Coin (BNB) losing 2.6 percent of its value. At the time of writing bitcoin (BTC) is trading at $8,095 on the Bitstamp daily chart, while ether (ETH) stands at $174 and Ripple’s XRP moved down to $0.25. BTC/USD Bitcoin was trading in the $8,636-$8,376 area on Sunday, November 17 and closed with a small increase to $8,504. It was 6 percent down for the week. The most popular cryptocurrency fell off a cliff on Monday, November 18 and started the new seven-day period with a drop to $8,172. It lost 3.9 percent of its value and almost broke below $8,000 during intraday. The 50 percent Fibonacci level at $8,454 cracked under bear pressure and we were already eyeing the above-mentioned level as the next line of defense. On Tuesday, November 19, the BTC/USD pair continued to slide and moved South to $8,119 after another attempt from sellers…

    Nov 21, 2019
  • Monex Subsidiary Trade Station Launches New Crypto Brokerage

    United States-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto. As Cointelegraph Japan reported on Nov. 20, the platform will establish an online brokerage model in line with similar platforms that exist for traditional assets in equities, options, futures and forex markets. Initial support for five major cryptos As distinct from an exchange, which functions as a self-contained market and can, therefore, lack deep liquidity, Trade Station claims that its crypto brokerage services will provide crypto traders with access to aggregated, multiple liquidity pools, thereby improving price execution. Via the new platform and services, traders in approved countries and U.S. states will be able to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and Ripple (XRP), with more cryptos to be supported in the future. Services will include a smart order-routing system to optimize visibility and trade execution. In a statement, James Putra — TradeStation Crypto’s director of product strategy — noted: “When we began to explore the crypto space, we…

    Nov 21, 2019
  • Binance Acquires India’s Crypto Exchange WazirX To Launch Fiat-to-Crypto Gateways

    The recognized and leading cryptocurrency exchange Binance announced it has purchased the crypto trading platform WazirX. The main goal behind this acquisition is to help individuals in the country have access to fiat-to-crypto gateways.  Binance Acquires Indian Exchange WazirX In a recent blog post released by Binance, they announced that starting on November 25, people in India will have the possibility to buy and sell cryptocurrencies with fiat currencies.  WazirX is one of the most recognized and trusted exchanges in India. In just a few days, users will be able to start handling cryptocurrencies with Indian rupees (INR) on the Binance Fiat Gateway.  The auto-matching engine used by WazirX will be integrated into the Binance Fiat Gateway platform and provide access to cryptocurrencies to over a billion people. At the same time, users on the Binance platform will be able to purchase Tether (USDT) against INR as well.  About this deal, Changpeng Zhao, the CEO of Binance commented: “The young demographic in India give an edge to adopt and build on new financial technologies, and I believe this will play…

    Nov 21, 2019
  • Sellers Threaten To Short Further

    Nov 21, 2019 at 07:04 // News Three days ago, the price at $8,400 was breached, this led Bitcoin to fall.  Further depreciation awaits Bitcoin if the price falls below $7,900. Bitcoin Price Long-Term Prediction: Bearish  The bears have continued to prove their superiority over the bulls as the price at $8,400 was breached three days ago. This level has given passage to the bears to overrun the bulls and arrive at the next support. Nevertheless, the coin may face resistance as the price falls to another low.  There are indications that the $7,900 support level may be in serious contention by the market forces. If sellers sustain the selling pressure and price breaks below $7,900 support, Bitcoin is likely to drop to the next support. Conversely, if the price falls and bounces above $7,900, Bitcoin will rally and break the downtrend line. Bitcoin Indicator Reading  The RSI period 14 level 36 indicates that Bitcoin is approaching the oversold region. Nevertheless, if the RSI reading falls beneath level 30, the price is said to reach the oversold region and buyers may…

    Nov 21, 2019
  • Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely

    Bitcoin price is consolidating losses above the $8,000 support area against the US Dollar. The price is likely to struggle near the $8,150 and $8,220 resistance levels. There is a key rising channel or a bearish flag pattern forming with support near $8,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). An upside correction towards the $8,220 and $8,280 levels could face a solid selling interest. Bitcoin price is consolidating losses with corrective moves against the US Dollar. However, BTC remains sell on rallies if it climbs towards $8,220 and $8,280. Bitcoin Price Analysis After a nasty decline, bitcoin found support near the $8,000 level against the US Dollar. BTC traded as low as $7,990 and it is currently consolidating losses well below the 100 hourly simple moving average. There was a corrective wave above the $8,080 and $8,100 levels. Moreover, the price spiked above the $8,150 resistance level. Though, the price struggled to stay above the 23.6% Fib retracement level of the downward move from the $8,630 high to $7,990 low. At the outset, the…

    Nov 21, 2019
  • French Cybercrime Division Uses Smart Contacts on Tezos Blockchain

    The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. Blockchain ensures the ability to audit Tezos’ main development and research center, Nomadic Labs, claims that the system employs “the first smart contract ever developed by a public authority.” The program enables C3N to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. Using a blockchain-based system reportedly simplifies administration and procedures, and ensures the ability to audit and traceability of funds. The smart contract that regulates the functioning of the system only interacts with authorized individuals and enables C3N to justify expenses without disclosing operational activities. Governments are showing an increasing interest in blockchain technology. Recently, during BlockShow Asia 2019, experts stated that blockchain technology enables ecosystem connectivity by sharing information in a trustless, decentralized fashion, which in turn could enable a…

    Nov 21, 2019
  • A security flaw in Monero puts users’ funds at risk |

    Yesterday volunteer security researchers detected a significant security flaw in Monero wallet that could have prompted its users to download a malicious version, thereby putting their funds at risk. On 19th November 2019, an XMR Core Team member /u/binaryFate published a Monero security warning on the subreddit that stated a potential hack on CLI binaries over the last twenty-four hours. According to the post, some Monero wallet users noted that the hash of the downloaded binaries was different than the results expected otherwise. Although the issue has been brought out in the open, it is yet to be resolved. A major security flaw in Monero Thus, the team has urged anyone who has downloaded the binaries in the last twenty-four hours and not verified the authenticity of the files, to immediately check if the hashes match. If they fail to match, the users are requested not to run the downloaded file. And those who have gone ahead and run the file, transfer all the funds out of the wallet, thus preventing them from getting stolen. Meanwhile, the moderators have requested…

    Nov 21, 2019
  • Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

    The total crypto market cap is currently in a bearish zone below the $220.0B resistance. Bitcoin price is trading above the $8,000 support and remains at a risk of more losses. BCH price is now consolidating losses below the $250 resistance area. EOS price is declining and approaching the $3.050 and $3.000 support levels. Stellar (XLM) price is down more than 2% and it is now below the $0.0650 support. Tron (TRX) price is down close to 4% and it is trading near the $0.0165 support. Bitcoin (BTC) and the crypto market cap are currently in a heavy downtrend. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are under a lot of selling pressure. Bitcoin Cash Price Analysis Recently, BCH price declined heavily below the $265 support area against the US Dollar. The price even broke the $250 support area and traded close to $235. It is currently consolidating losses above $240 and facing a strong resistance near the $250 and $255 levels. The main resistance is now near the $265 level. On the downside, an initial…

    Nov 21, 2019
  • U.S. Fed Says No Plans for CBDC, but Evaluation of Costs and Benefits is Ongoing

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte             In a recent response to a letter from U.S. Representative French Hill, Federal Reserve Chairman Jerome Powell confirmed that the central bank has no plans to issue its own central bank digital currency (CBDC). However, Powell acknowledged that the bank is continuing to evaluate the potential costs and benefits associated with a possible Fed digital currency. In the letter, which was posted in a tweet by Politico financial services reported Zachary Warmbrodt, Powell addressed various issues raised by the congressman. After noting that several other central banks around the globe have been exploring their own possible CBDCs, Powell said that there are no plans to issue one in the U.S. He also cited several reasons why the Fed saw no urgent need to do so: “Overall, we observe that characteristics that make the development of central bank digital currency more immediately compelling for some countries differ from those of the U.S. For example, in…

    Nov 21, 2019
  • ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

    Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to the executive, zero-fee trading solves two major problems of non-custodial exchanges — illiquidity and high price of services. In order to trade at a zero-fee rate, ShapeShift customers will have to hold the Ethereum-based ERC-20 FOX tokens, Voorhees explained, stating: “The model is simple: hold FOX & you trade at a 0% commission rate. If not, you trade at our retail rate. You don’t spend or lose the FOX tokens to get the benefit. Just hodl.” In a Medium post, Voorhees elaborated that the platform gives customers 100 FOX tokens on verified signup. Each FOX token grants $10 of free trading volume every 30 days. Voorhees expects 30% surge in trading accounts in a month Voorhees also stated that the new feature is not a temporary offer, emphasizing that zero-commission crypto trading will now be granted perpetually…

    Nov 21, 2019
  • Ripple (XRP) Price Facing Significant Resistance, Time To Sell?

    Ripple price is currently struggling to surpass the $0.2560 and $0.2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0.2600 resistance. This week’s major bearish trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair (data source from Kraken). A clear break below the $0.2500 support might start another decrease in the near term. Ripple price is facing a lot of key hurdles against the US Dollar and bitcoin. XRP price is likely to struggle near $0.2600 and it could resume its decline. Ripple Price Analysis After forming a support near the $0.2420 level, ripple started an upside correction against the US Dollar. XRP/USD recovered above the $0.2500 resistance area and even climbed above $0.2560. However, the price failed to gain strength above the $0.2600 resistance and the 100 hourly simple moving average. A high was formed near $0.2585 and the price recently trimmed its recent gains. It declined below the $0.2500 level and tested the $0.2480 support. A low was formed near…

    Nov 21, 2019

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