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DASH/USD and LTC/USD Technical Analysis Aug 2, 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. DASH/USD DASH continues to be volatile, as we bounced during the session on Tuesday, but continue to find quite a bit of resistance above. Quite frankly, this market is probably a bit too volatile to be trading currently, but I would suspect that the $170 … Continue reading DASH/USD and LTC/USD Technical Analysis Aug 2, 2017

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Hello and welcome to News BTC’s Market Outlook Aug 2. DASH/USD DASH continues to be volatile, as we bounced during the session on Tuesday, but continue to find quite a bit of resistance above. Quite frankly, this market is probably a bit too volatile to be trading currently, but I would suspect that the $170 … Continue reading DASH/USD and LTC/USD Technical Analysis Aug 2, 2017

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ETH/USD and ETH/BTC Technical Analysis Aug 2, 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. ETH/USD Ethereum rally during the day on Tuesday, using the $200 level as support. It now looks as if we are trying to break above the $225 level, and once we do we should continue towards the $250 level. There is a lot of noise … Continue reading ETH/USD and ETH/BTC Technical Analysis Aug 2, 2017

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Hello and welcome to News BTC’s Market Outlook Aug 2. ETH/USD Ethereum rally during the day on Tuesday, using the $200 level as support. It now looks as if we are trying to break above the $225 level, and once we do we should continue towards the $250 level. There is a lot of noise … Continue reading ETH/USD and ETH/BTC Technical Analysis Aug 2, 2017

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BTC/USD and BTC/JPY Technical Analysis Aug 2 , 2017

Hello and welcome to News BTC’s Market Outlook Aug 2. BTC/USD Bitcoin initially fell against the US dollar during Tuesday trading but found enough support at the $2600 level again to turn around and bounced significantly. When looking at the daily charts, it is easy to see that we are forming a bit of a … Continue reading BTC/USD and BTC/JPY Technical Analysis Aug 2 , 2017

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Hello and welcome to News BTC’s Market Outlook Aug 2. BTC/USD Bitcoin initially fell against the US dollar during Tuesday trading but found enough support at the $2600 level again to turn around and bounced significantly. When looking at the daily charts, it is easy to see that we are forming a bit of a … Continue reading BTC/USD and BTC/JPY Technical Analysis Aug 2 , 2017

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Ethereum Price Technical Analysis – ETH/USD Eyes Further Upsides

Key Highlights ETH price gained bullish momentum and traded towards $230 against the US Dollar. There is a connecting bullish trend line with support at $221 forming on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a push above the recent high of $231.92 is needed for more gains. Ethereum price … Continue reading Ethereum Price Technical Analysis – ETH/USD Eyes Further Upsides

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Key Highlights ETH price gained bullish momentum and traded towards $230 against the US Dollar. There is a connecting bullish trend line with support at $221 forming on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a push above the recent high of $231.92 is needed for more gains. Ethereum price … Continue reading Ethereum Price Technical Analysis – ETH/USD Eyes Further Upsides

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Ethereum Classic Price Technical Analysis – ETC/USD Buy Dips

Key Highlights Ethereum classic price registered good gains and moved above the $14.00 resistance against the US Dollar. There was a break above a short-term bearish trend line with resistance near $13.80 on the hourly chart of ETC/USD (Data feed via Kraken). The price is now well above $14.00 and the 100 hourly simple moving … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Buy Dips

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Key Highlights Ethereum classic price registered good gains and moved above the $14.00 resistance against the US Dollar. There was a break above a short-term bearish trend line with resistance near $13.80 on the hourly chart of ETC/USD (Data feed via Kraken). The price is now well above $14.00 and the 100 hourly simple moving … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Buy Dips

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Creditbit Price Technical Analysis – CRB/BTC Declines Further

Key Highlights Creditbit price declined further and broke the last low of 0.000135BTC against Bitcoin. There is a steep bearish trend line forming with resistance near 0.000135BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the recent low of 0.000130BTC is providing support, but may be breached soon. Creditbit price … Continue reading Creditbit Price Technical Analysis – CRB/BTC Declines Further

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Key Highlights Creditbit price declined further and broke the last low of 0.000135BTC against Bitcoin. There is a steep bearish trend line forming with resistance near 0.000135BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the recent low of 0.000130BTC is providing support, but may be breached soon. Creditbit price … Continue reading Creditbit Price Technical Analysis – CRB/BTC Declines Further

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Bitcoin Price Technical Analysis for 08/02/2017 – Back to Triangle Support

Bitcoin price is still consolidating inside its ascending triangle formation visible on the short-term time frames.

The post Bitcoin Price Technical Analysis for 08/02/2017 – Back to Triangle Support appeared first on NEWSBTC.

Bitcoin price is still consolidating inside its ascending triangle formation visible on the short-term time frames.

The post Bitcoin Price Technical Analysis for 08/02/2017 – Back to Triangle Support appeared first on NEWSBTC.

Nchain and Bitcoin Unlimited Promote Bitcoin Scaling Initiatives Amid Hard Fork – Bitcoin News (press release)

Bitcoin News (press release)Nchain and Bitcoin Unlimited Promote Bitcoin Scaling Initiatives Amid Hard ForkBitcoin News (press release)Prior to the bitcoin cash hard fork, research firm Nchain conducted a workshop with the Bitcoin Unlimited (BU) team. …


Bitcoin News (press release)

Nchain and Bitcoin Unlimited Promote Bitcoin Scaling Initiatives Amid Hard Fork
Bitcoin News (press release)
Prior to the bitcoin cash hard fork, research firm Nchain conducted a workshop with the Bitcoin Unlimited (BU) team. The intent of the meeting was to signal joint support for new bitcoin scaling initiatives. The two groups explored ways to achieve ...

and more »

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkAs Bitcoin Cash (BCC, BCH) blocks are being mined, all major Japanese exchanges are gearing up to credit their customers with the new cryptocurrency. A growing number of exchanges have already set a date to start trading Bitcoin Cash, while others are still in the planning stage. Also read: How Japanese Exchanges Prepares to Deal with […]

The post Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork appeared first on Bitcoin News.

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork

As Bitcoin Cash (BCC, BCH) blocks are being mined, all major Japanese exchanges are gearing up to credit their customers with the new cryptocurrency. A growing number of exchanges have already set a date to start trading Bitcoin Cash, while others are still in the planning stage.

Also read: How Japanese Exchanges Prepares to Deal with Forked Bitcoin Cash

Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkFollowing the August 1 hard fork, all major Japanese bitcoin exchanges announced that they will soon credit their customers with Bitcoin Cash, the new cryptocurrency created as Bitcoin’s blockchain diverged into two separate blockchains today. For every bitcoin held by customers at the time of the fork, the same number of BCC will be credited to their accounts.

Meanwhile, all of them have suspended bitcoin deposits and withdrawals during the fork, and some are preparing to list BCC for trading in the next couple of days. Below is a roundup of all major Japanese exchanges that have updated their plans for Bitcoin Cash in the wake of the hard fork at press time.

Exchanges Planning to Trade Bitcoin Cash

Bitbank.cc
Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkBitbank.cc was among the first few Japanese exchanges to announce its support for Bitcoin Cash. The exchange expects to start trading BCC on August 3. Bitcoin deposits and withdrawals are currently suspended, since July 31 at 15:00 Japan time, and are expected to restart on August 2.

Bittrade
Bittrade plans to allow BCC withdrawals as well as trading but the exchange will make an announcement on August 3. Meanwhile, bitcoin deposits and withdrawals have been suspended as of July 31 at 15:00 Japan time and are expected to resume on August 2.

Bitflyer
Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkBitflyer had been taking a wait-and-see approach regarding Bitcoin Cash. However, on July 31, the exchange announced that it had determined that BCC is a permanent chain and promptly launched a Bitcoin Cash campaign to boost its business. Customers depositing 1 or more bitcoins between July 31 at 21:20 and August 1 at 21:19 Japan time will be entered into a drawing to receive 1,000 yen cash. 100 customers will be selected. The exchange also announced that BCC trading service will be offered “soon”.

Bitpoint
Bitpoint has scheduled BCC spot trading for “around mid-August.” Bitcoin deposits and withdrawals are currently suspended and are scheduled to resume on August 2 at 16:00 Japan time, when BCC deposits and withdrawals will also be available.

Btcbox
Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkBtcbox originally scheduled to start BCC trading on August 1 at 22:00 Japan time. However, the exchange has postponed the launch, citing that the length of time required for BCC block generation is uncertain. Bitcoin deposits and withdrawals were halted between July 31 at 16:00 and August 1 at 8 pm Japan time. At press time, BCC trading on the exchange has not begun.

Exchanges That Will Announce BCC Trading Later

Coincheck
Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkOn August 1, Coincheck updated its Bitcoin Cash policy, stating that it will grant them to customers “after the hard fork only when replay attack prevention is confirmed.” The exchange halted deposits and withdrawals on July 31. Deposits were restored on August 1, but withdrawals are still suspended at press time.

Fisco
Fisco announced their “plan to make all deposits and withdrawals possible for the virtual currency after branching.” However, for BCC trading on the exchange, “we will judge after confirming the situation,” the exchange noted.

GMO-Z Coin
Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkGMO-Z Coin announced on Tuesday that the trading of BCC will be announced at a later date. The exchange is currently working on crediting customer accounts with Bitcoin Cash. Once the new coins are showing inside the accounts after logging in, they can be withdrawn, the company detailed.

Quoine
Quoine announced that their customers “will be allowed to withdraw the BCC credited.” However, regarding the trading of BCC, the exchange added: “we may offer trading of BCC against fiat and BTC at a later time.”

Zaif
Tech Bureau’s Zaif exchange suspended bitcoin deposits and withdrawals on August 1 but has yet to announce when they will resume these services. The company has stated that “as a general rule, you can buy and sell coins after forking,” adding that more details including the trading of BCC will be released after confirming the situation.

What do you think of Japanese bitcoin exchanges’ Bitcoin Cash policies? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitbank, Bitflyer, Btcbox, GMO, Coincheck


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The post Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-Fork appeared first on Bitcoin News.

Opus Just Broke 100,000 Listeners, With $500K Raised So Far, Can They Take on Spotify?

opus logoEthereum and other related blockchain technologies are shattering industries ranging from Finance to Computing. With executives in the FinTech industry scrambling to understand how Blockchain technologies work, are other industries safe from the disruptive nature of Blockchain? Music producer, Mark Papai is no stranger to the $50 billion a year music industry. As Papai said: “The greatest challenge I have found is the inability for rising artists to monetize their work”. The music industry today is fragmented, abusive and generally inefficient. Giants such as Spotify take a significant cut of the profits, while platforms such as Tidal restricts artists to exclusive releases that

opus logo

Ethereum and other related blockchain technologies are shattering industries ranging from Finance to Computing. With executives in the FinTech industry scrambling to understand how Blockchain technologies work, are other industries safe from the disruptive nature of Blockchain?

Music producer, Mark Papai is no stranger to the $50 billion a year music industry. As Papai said: “The greatest challenge I have found [in the music industry] is the inability for rising artists to monetize their work”.

The music industry today is fragmented, abusive and generally inefficient. Giants such as Spotify take a significant cut of the profits, while platforms such as Tidal restricts artists to exclusive releases that further fragment the music industry. There has to be a better solution.

Opus, began in the latter half of 2016 and set out to disrupt the music industry. Having received seed funding in January of this year, Opus is a promising candidate to changing this status quo. Opus is Lead by a group of well-reputed computer science and engineering researchers and Forbes 30 under 30, Mateusz Mach.

There has been some attempts at creating a blockchain-based music platform in the past such as AudioCoin and Voise, however as Bokang Jia explains: “Those platforms are simply “ideas” at best and pseudo-decentralized”. Opus is different. By fully decentralizing all 4 layers of the Opus stack through Ethereum and IPFS swarm, Opus completely resists censorship, centralization and ensures permanent availability”.

Unlike many projects within this ecosystem, the Opus team presents a working demo running live on the Blockchain. Proof of its development throughout the last 8 months can be seen on their open-sourced github repository. Their public Beta is also live, and you can check it out here.

Having received over 100,000 users on it’s demo, Opus is well poised to continue developing its platform as it has done so far. If Opus is a success not only will artists benefit but it will also greatly improve the music listening experience. They have a live crowdsale which is available on their website, and they hope to use this raised money to continue developing the platform.

Source: opus-foundation

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

Bitcoin splits, but clone off to slow start – Reuters


Reuters

Bitcoin splits, but clone off to slow start
Reuters
NEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support for its network. The initiative was headed by a

and more »


Reuters

Bitcoin splits, but clone off to slow start
Reuters
NEW YORK (Reuters) - Bitcoin's underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash," but the new virtual currency got off to a slow start due to lackluster support for its network. The initiative was headed by a ...

and more »

What Happened to Bitcoin Today: A Recap of the Blockchain’s Big Split

Missed Tuesday’s bitcoin fork? CoinDesk recaps the day’s events, outlining how a band of miners broke off of bitcoin to create a new network.
The post What Happened to Bitcoin Today: A Recap of the Blockchain’s Big Split appeared first on CoinDesk.

S…

Missed Tuesday’s bitcoin fork? CoinDesk recaps the day’s events, outlining how a band of miners broke off of bitcoin to create a new network.

The post What Happened to Bitcoin Today: A Recap of the Blockchain’s Big Split appeared first on CoinDesk.

Source

BITCOIN EXCHANGE: Orders for bitcoin cash are ‘exploding’ – Business Insider


Business Insider

BITCOIN EXCHANGE: Orders for bitcoin cash are ‘exploding’
Business Insider
NEW YORK – Sebastian Quinn-Watson has had more than 12 cups of coffee since he woke up around 24 hours ago. Quinn-Watson is a venture partner for a bitcoin exchange operator based in Australia. As such, he has had to stay wide awake to help the firm …

and more »


Business Insider

BITCOIN EXCHANGE: Orders for bitcoin cash are 'exploding'
Business Insider
NEW YORK - Sebastian Quinn-Watson has had more than 12 cups of coffee since he woke up around 24 hours ago. Quinn-Watson is a venture partner for a bitcoin exchange operator based in Australia. As such, he has had to stay wide awake to help the firm ...

and more »

Bittrex Takes the Lead in Bitcoin Cash Trading Volume

lots of bitcoinsThe great Bitcoin fork has just happened and things are going smoothly so far, there have been no blockchain reorganizations and no further sub forks. Currently Bitcoin Cash’s blockchain is 50 blocks behind the main chain, putting it roughly 8 hours behind. The reason for this lag is because it took miners quite a while to find the first block, some people panicked when a block couldn’t be found, but eventually one was found by ViaBTC. Before the fork, only 3 exchanges traded BCH. Specifically, ViaBTC, HitBTC, and Kraken were the only platforms supporting the coin, with the asset trading at more

lots of bitcoins

The great Bitcoin fork has just happened and things are going smoothly so far, there have been no blockchain reorganizations and no further sub forks. Currently Bitcoin Cash’s blockchain is 50 blocks behind the main chain, putting it roughly 8 hours behind. The reason for this lag is because it took miners quite a while to find the first block, some people panicked when a block couldn’t be found, but eventually one was found by ViaBTC.

Before the fork, only 3 exchanges traded BCH. Specifically, ViaBTC, HitBTC, and Kraken were the only platforms supporting the coin, with the asset trading at more than double the price on HitBTC providing an insane opportunity for arbitrage.

As the fork commenced, nearly half a dozen exchanges added Bitcoin Cash trading pairs. According to Coinmarketcap, Bittrex has taken the lead with 30% trading volume.

bitcoin cash trading pairs

Source: Coinmarketcap

 

Bittrex is one of the largest crypto to crypto exchanges in the industry, and it is no surprise that most traders are flocking to that platform to take advantage of the incoming volatility.

What is interesting is how exchanges are at a disagreement when it comes to the naming convention of the token. It seems there is a 50:50 split between using BCC or BCH. While the exact name of the coin is up for debate, some argue that using the name BCC creates ambiguity. There is already a cryptocurrency called BitConnectCoin using the acronym BCC. Thus, exchanges supporting both cryptocurrencies would have to differentiate between the two if Bitcoin Cash is traded as BCC.

Furthermore, BitConnectCoin is not just another altcoin that can be buried in the ground. It boasts a market cap of over $300 million and trades at $54 per coin. Using BCC for both Bitcoin Cash and Bitconnect creates unnecessary compatibility issues if an exchange chooses to support both trading pairs.

Speaking of unnecessary issues, if Bitcoin Cash keeps trading at the current $200-300 range, Coinbase might find itself in quite a predicament. Their controversial decision to not support BCC tokens, and complications and delays with withdrawals might hold them liable for the losses each of their users incurred by not being able to either move their coins off of the exchange, or not being able to receive their share of BCC.

After all, it is the largest Bitcoin exchange with the most users, imagine owing $200 for every Bitcoin in the company’s possession, that would be a legal and a financial nightmare. Hindsight is 20/20, but Coinbase should have supported and issued BCC tokens. The bad PR, combined with disgruntled users was not worth the political statement.

Wait, Bitcoin Just Did What? – MIT Technology Review


MIT Technology Review

Wait, Bitcoin Just Did What?
MIT Technology Review
Miners are what make the Bitcoin world run. Their computers process the digital transactions people make using Bitcoin and add them to its cryptographic ledger, known as the blockchain. In return for this effort, miners are rewarded in bitcoins (see
Bitcoin might split again — here’s what you need to knowBusiness Insider
Bitcoin falls, futures for new ‘bitcoin cash’ briefly leap nearly 50% as ‘miners’ officially split currencyCNBC
Bitcoin’s New Currency Trades Above $200 on First DayFortune
Reuters –Forbes –NBCNews.com
all 382 news articles »

MIT Technology Review

Wait, Bitcoin Just Did What?
MIT Technology Review
Miners are what make the Bitcoin world run. Their computers process the digital transactions people make using Bitcoin and add them to its cryptographic ledger, known as the blockchain. In return for this effort, miners are rewarded in bitcoins (see ...
Bitcoin might split again — here's what you need to knowBusiness Insider
Bitcoin falls, futures for new 'bitcoin cash' briefly leap nearly 50% as 'miners' officially split currencyCNBC
Bitcoin's New Currency Trades Above $200 on First DayFortune
Reuters -Forbes -NBCNews.com
all 382 news articles »