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A wobble in Bitcoin has spelled increased volatility for the majority of big-name cryptocurrencies. Cryptocurrency markets are showing red across the board Nov. 14, as a steep drop in Bitcoin (BTC) ricocheted across major assets. Data from Cointelegraph’s price tracker, Coin360, and Bitcointicker confirms BTC/USD bouncing off support around $6,150 on exchanges, at press time hovering above $6,200 again. Market visualization. Source: Coin360 The dip to $6,150 marks a fresh test of the stability seen in Bitcoin for the past several weeks, the largest cryptocurrency not testing the barrier since mid August. No major events appeared to contribute to the latest declines, with some analysts nonetheless predicting the ongoing bear market would continue into 2019 — longer than many had previously assumed. “Putting together the blockchain view, I suspect the timing for a bottom may be around Q2 2019,” technical analyst Willy Woo, creator of data site Woobull, commented on social media Nov. 13..
Crypto analysts predicted that the bears had been winded when BTC price flatlined at $6,500 in mid-October. This followed a downturn that persisted for close to a year, and they believed that it is primed for a rally this December. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,330.89 -0.93% Trader and technical analyst, Willy Woo, predicts that this currency’s bad days are far from over. He believes that it will still have a shaky short-term price. Woo took to Twitter to say that he doesn’t expect the digital currency’s price to rise until after the second quarter of next year. This means that the market may face another few months of downward pressure before anything improves. The reason for his prediction Experts have cited fundamental indicators like the entrance of some high profile bodies into the crypto ecosystem. They also talked about short-term bulls that pointed to a lot of technical data points justifying their optimistic outlook which include a marked increa..
Bitcoin Group SE, operator of major German crypto trading platform bitcoin.de, has acquired a 100% stake in investment bank Tremmel Wertpapierhandelsbank GmbH. German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, Cointelegraph auf Deutsch reports today, Nov. 13. Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the country’s only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according to its website focuses on securities trading, the crypto holding will in turn obtain the use of Tremmel’s banking license. As a press release from Bitcoin Group SE states, the banking license will allow the holding to “significantly expand” its crypto-related offerings and operate ATMs for cryptocurrencies in Germany, stating it would be able to: “[...]issue its own cryptocurrency products, carry out proprieta..
Cryptocurrency markets have seen a slight drop on the day, with BCH being the only token out of the top 10 to make some gains. Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest coin Ethereum (ETH) has been trading relatively stable on the day, fluctuating between $210 and $206. ETH is down 1.26 percent over the past 24 hours, trading around $207 at press time. In terms of a weekly view, the altcoin is down over 4 percent. Ethereum 24-hour price chart. Source: CoinMarketCap Ripple..
Will Bitcoin Cash split? An extended overview of convictions, mind games, and “cheat codes” used by Bitcoin ABC and Bitcoin SV to beat one another. Born out of the original Bitcoin blockchain on August 1, 2017, Bitcoin Cash (BCH) has split the cryptocurrency community into warring factions with their own arguments, verbal skirmishes, leaders, convictions and occasional get-togethers. On November 15, BCH developers are preparing to undergo its next hard fork, a split of the blockchain, which can give birth to new tokens named Bitcoin SV (Satoshi’s Vision), Bitcoin Unlimited and Bitcoin ABC. How Bitcoin Cash appearedThe Bitcoin evolution has been constantly debated within the developers community, who had opposing views on what technology to implement and what rewards miners should receive. In July 2017, a part of the Bitcoin community, headed by Roger Ver, proclaimed that the adoption of Bitcoin Improvement Proposal (BIP 91) protocol without an increase in the Bitcoin’s block size was ..
Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin as payment from visitors as of today, Nov. 13. Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Local business news source Crain’s Cleveland Business (CCB) reported on the development Nov. 9. According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least two other U.S. museums already accept the cryptocurrency from visitors – the Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida. The Ohio museum’s acceptance of Bitcoin comes just two weeks ahead of a forthcoming inaugural Blockland Solutions Conference in early December, with the museum’s president and CEO Kirsten Ellenbogen saying in a statement that “accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland." The bo..
Data from Coin Dance shows that a majority of hash power favors Bitcoin Cash SV over Bitcoin Cash ABC, the version supported by crypto evangelist Rover Ver. As the Nov. 15 Bitcoin Cash hard fork draws closer, a majority of hash power favors the Bitcoin Cash SV iteration favored by Australian computer scientist Craig Wright’s nChain, data from Coin Dance shows Nov. 12. According to Coin Dance, 66–77 percent of Bitcoin Cash (BCH) miners are backing the SV network based on currency hash rates, compared to 18–29 percent backing Bitcoin Cash ABC, which is favored by crypto evangelist Roger Ver. The data is an estimate based on which mining pools have shown support for the coins after the eventual hard fork. Conversely, Coin Dance notes that of the 2,246 nodes running on the Bitcoin Cash network, 1,079 are Bitcoin Cash ABC nodes, while 166 are Bitcoin Cash SV nodes. Bitcoin Cash Nodes as of Nov. 11. Source: Coin Dance Notably, neither factor is a total indicator of which camp will come out..
While blockchain adoption may take longer than expected, news like the election of pro-crypto politicians in the U.S. point to an encouraging future for crypto assets. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Nikolay Storonsky, CEO and co-founder of Revolut Ltd., a digital banking provider with a user base of two million, has said at the Web Summit 2018 in Lisbon, that large institutions are showing little interest in digital assets. Any new technology takes time to catch up and become relevant to everyone. Even the internet took time to grow to its current scale. ConsenSys founder Joseph Lubin has said that Blockchain might “take a little longer” than the internet to reach mass adoption. Venture capital investor Tim Draper, in a recent..
A U.S. man has been sentenced to 15 months in jail and fined $1.1 million by the CFTC for misappropriating Bitcoin and Litecoin funds. U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin (BTC) and Litecoin (LTC) from several people, the U.S. Commodity Futures Trading Commission (CFTC) reports Friday, Nov. 9. The CFTC found out that Kim defrauded his employer, a Chicago-based proprietary trading firm, transferring approximately $601,000 worth amount of BTC and LTC to his own accounts in 2017. When asked about missing cryptocurrencies, Kim falsely claimed that security issues made him transfer digital currencies to several accounts. Shortly after, the misappropriation was discovered and Kim was fired. Kim reportedly then defrauded private investors in order to return funds to his employer. According to the CFTC, he lured around $545,000 worth of cryptocurrencies from five individuals, falsely stating tha..
Tim Draper, Venture capital investor has reaffirmed his BTC price prediction. He believes that bitcoin price will surge to $250,000 by 2022. Draper said this in a Web Summit panel discussion held on Nov. 6. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,476.99 -0.29% Initially, Draper predicted that bitcoin price would reach $250,000 in April earlier this year. He said, “Believe it, it’s going to happen – they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!,” The basis for his prediction In the recent Web Summit conference, Draper was asked whether he believes that BTC will reach $250,000 or experience a forty times return within four years. He replied, “Yes. We are talking […] about five percent market share to get to $250,000. That seems like a drop in a bucket and all we need to really do is make it so that Bitcoin can be used to buy Starbucks coffee, and all of a sudden the world just opens up and then they say ‘I’ve got thi..