Rememberful Bitcoin News.
September has been a wild ride for Bitcoin, echoing January 2017 as a month dominated by news driven by the Chinese government.
The current round of announcements began on the Sept 4, when the government made the sale and trading of ICO tokens illegal across China. Many of these digital assets were traded on bitcoin exchanges.
September has been a wild ride for Bitcoin, echoing January 2017 as a month dominated by news driven by the Chinese government.
The current round of announcements began on the Sept 4, when the government made the sale and trading of ICO tokens illegal across China. Many of these digital assets were traded on bitcoin exchanges.
Gimli has announced launching the sale of GIM tokens on September 18th to accelerate the development of its blockchain-powered decentralized betting platform for esports viewers. The number of viewers of esports games and competitions is growing quickly, market intelligence provider Newzoo estimates that 22% of American male millennials watch esports, virtually equal to the viewership … Continue reading Blockchain-powered Betting Platform Announces Token Sale to Tap Into Booming Esports Market
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Gimli has announced launching the sale of GIM tokens on September 18th to accelerate the development of its blockchain-powered decentralized betting platform for esports viewers. The number of viewers of esports games and competitions is growing quickly, market intelligence provider Newzoo estimates that 22% of American male millennials watch esports, virtually equal to the viewership … Continue reading Blockchain-powered Betting Platform Announces Token Sale to Tap Into Booming Esports Market
The post Blockchain-powered Betting Platform Announces Token Sale to Tap Into Booming Esports Market appeared first on NEWSBTC.
On September 15 the trading platform BTC-e announced its official rebranding and the new exchange domain called Wex.nz. The company’s welcome message explains to customers the details of the reopening they call “Wex Rising,” while the business also emphasizes they are fully AML/KYC compliant. Also Read: Bitcoin Markets Rebound as More Chinese Exchanges Plan to Close […]
The post BTC-e Rebrands to Wex Exchange — Claims to be AML/KYC Compliant appeared first on Bitcoin News.
On September 15 the trading platform BTC-e announced its official rebranding and the new exchange domain called Wex.nz. The company’s welcome message explains to customers the details of the reopening they call “Wex Rising,” while the business also emphasizes they are fully AML/KYC compliant.
Also Read: Bitcoin Markets Rebound as More Chinese Exchanges Plan to Close Operations
The exchange BTC-e has recently announced to its Twitter followers it has now rebranded into a trading platform called Wex. The new domain looks exactly like the old BTC-e trading platform, and the exchange is trading 484 BTC worth of trade volume at the time of writing. Everything is the same minus the new name, and patrons will be pleased to see the ‘troll box’ is alive and well. The front page of the site contains a welcome message from the new Wex team which explains how customers can trade and withdraw balances.
“This is our first official announcement,” explains the Wex team. “We thank all ex-users of BTC-E for their patience at such a difficult moment for all of you guys. We on our part have spent a lot of efforts and energy to create a new platform for trade in the shortest time limits.”
Wex notes on its website that the business adheres to Anti-Money Laundering (AML) and Know Your Customer (KYC) laws. On the user agreement page, Wex details that the digital asset exchange is now compliant under Singapore regulations stating;
Our platform will operate according to AML/KYC laws and world legislation in this field. World Exchange Services payment service is regarded as a stored value facility under Singapore law.
The exchange also revealed it’s new Wex tokens which are credited existing BTC-e users and that daily limits will be set for customer withdrawals. Additionally, Wex explains that the platform will operate in a “test mode” for general security purposes. “After this period is over, the platform will work without limits, thank you for your kind understanding,” explains the Wex representatives.
BTC-e also began allowing withdrawals and added an extra support tool last week just before the platform rebranded to Wex.
The rebrand also follows the recent interview with the alleged former BTC-e employee, Alexander Vinnik. U.S. law enforcement arrested Vinnik in Greece on multiple charges of money laundering and said he was the trading platform’s “administrator.” BTC-e has stated that Vinnik was not the main operator of the exchange and also detailed that the individual was never an employee.
“I do not consider myself guilty — The fact that I worked for BTC-e and did my job, it’s not justifiable to accuse me of it,” Vinnik explains to the news outlet Russia Today (RT).
What do you think about the trading platform BTC-e rebranding to Wex? BTC-e was a popular exchange, would you trade there? Let us know what you think in the comments below.
Images via the Wex website and Shutterstock.
Do you like to research and read about Bitcoin technology? Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. Read all about it at wiki.Bitcoin.com.
The post BTC-e Rebrands to Wex Exchange — Claims to be AML/KYC Compliant appeared first on Bitcoin News.
Dublin, Geneva, Gdansk , 9/16/17. You remember the story of when your uncle lost his shirt trading a “hot stock tip”? Usually, cryptocurrencies are no different. Market timing is key in all of investing. That’s why cryptocurrency holders need to get a grip on crypto-derivatives to secure their wallets from volatility! Built on the Ethereum distributed ledger the Dublin-based Blockchain Board of Derivatives (BBOD) is designed to be the world’s first, autonomous, on-chain derivatives execution venue, which allows trading cryptocurrency smart derivatives contracts (futures and options) with high liquidity and unprecedented security. BBOD’s international and highly experienced team of scientists,
Dublin, Geneva, Gdansk , 9/16/17. You remember the story of when your uncle lost his shirt trading a “hot stock tip”? Usually, cryptocurrencies are no different. Market timing is key in all of investing. That’s why cryptocurrency holders need to get a grip on crypto-derivatives to secure their wallets from volatility!
Built on the Ethereum distributed ledger the Dublin-based Blockchain Board of Derivatives (BBOD) is designed to be the world’s first, autonomous, on-chain derivatives execution venue, which allows trading cryptocurrency smart derivatives contracts (futures and options) with high liquidity and unprecedented security.
BBOD’s international and highly experienced team of scientists, programmers and coders with professional experience acquired in IBM, Hewlett Packard, CERN and Max-Planck Institute. The team came to realise, that cryptocurrency holders, right now, need a secure and highly liquid derivatives market with a listing service for the growing number of digital tokens.
Backed by cryptography researchers from National University of Singapore and National Quantum Information Centre (University of Gdansk), BBOD claims to provide the unbreakable on-chain encryption of all sensitive transaction data like price and volume by using elliptic curves post-quantum cryptography, which is secure against all known quantum algorithms. This solution protects members from abuse by greedy miners and front-running.
The ex-Bunge commodity-options trader and founder, Krzysztof Urbanowicz, Ph.D, explains, that high liquidity is guarenteed by a unique hybrid market composed of frequent batch auctions and an autonomous market maker. By its nature, this design provides members with high liquidity, reduced spreads, and prevents HFT-style “flash crashes”. Additionally, to accommodate a decentralized network effect our liquidity is supported by Reserve Contributors, who utilize their idle cryptocurrency in exchange for a reward by collecting a percentage from trading fees.
Aside from trading service, BBOD offers an easily accessible solution, that allows all members to list their tokens on the auction market, either to facilitate derivatives trading or physically convert tokens.
The platform’s roadmap lays out its future path to develop single venue for cryptocurrency owners to trade derivatives, convert cryptocurrencies and list new and existing tokens on the market.
MVP (minimum viable product) will be relaeased at the end of September 2017 and will permit trading options and futures on Ethereum.
The Blockchain Board of Derivatives (BBOD) and its unparralel security and liquidity enhancing technique is an absolute necessity for anyone who wants to protect their cryptocurrency portfolio from market volatility or just speculate on the markets to rise or fall.
Core team Members
Advisors:
The BBD token issue starts October 1st, 2017 at 8 a.m. GMT, and is open for buyers at a discount until and including October 15th, 2017.
Our token issues at a 40% discount on October 1st, and gradually decreases its discount until 1ETH = 1BBD token, this being the final price. We sell a maximum of BBD tokens issued, worth a total of ETH200.000.
Go to http://www.bbod.io/ for more information or read our WhitePaper in English on our Homepage and follow us at Twitter, Linkedin and Slack.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
TechCrunch |
China’s three largest bitcoin exchanges will all stop offering local trading
TechCrunch Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed … Bitcoin Prices Surge More Than 25% As Cryptocurrencies RecoverForbes Bitcoin jumps 13%, still down sharply for the weekCNBC China, Shmyna: Bitcoin Trading Is Way More Distributed Now AnywayCoinDesk Fortune –Bloomberg –The Guardian all 405 news articles » |
TechCrunch | China's three largest bitcoin exchanges will all stop offering local trading TechCrunch Well, that didn't take long. Yesterday, China's longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country's two other major exchanges — Huobi and OKCoin — followed ... Bitcoin Prices Surge More Than 25% As Cryptocurrencies Recover Bitcoin jumps 13%, still down sharply for the week China, Shmyna: Bitcoin Trading Is Way More Distributed Now Anyway |
New York PostBitcoin price yo-yos amid a China clampdownNew York PostThe controversial crypto-currency yo-yoed dramatically on Friday, briefly falling below $3,000 to as low as $2,985 in the morning before hustling in the afternoon to soar as high as $…
New York Post | Bitcoin price yo-yos amid a China clampdown New York Post The controversial crypto-currency yo-yoed dramatically on Friday, briefly falling below $3,000 to as low as $2,985 in the morning before hustling in the afternoon to soar as high as $3,819 as investors digested news of a clampdown by the Chinese ... |
The concept of crowdsourcing has been around for a while now, be it with respect to work, raising investments, ideas, solutions and what not. But the actual potential of the power of the crowd became quite obvious after the concept of ICOs and crowdsales in the cryptocurrency industry caught the world’s attention. Now, one of … Continue reading REGA Platform Introduces Revolutionary Crowdsurance Solution, Announces ICO
The post REGA Platform Introduces Revolutionary Crowdsurance Solution, Announces ICO appeared first on NEWSBTC.
The concept of crowdsourcing has been around for a while now, be it with respect to work, raising investments, ideas, solutions and what not. But the actual potential of the power of the crowd became quite obvious after the concept of ICOs and crowdsales in the cryptocurrency industry caught the world’s attention. Now, one of … Continue reading REGA Platform Introduces Revolutionary Crowdsurance Solution, Announces ICO
The post REGA Platform Introduces Revolutionary Crowdsurance Solution, Announces ICO appeared first on NEWSBTC.
Forbes |
Bitcoin Beware – The Empire May Strike Back
Forbes China continued to crack down on virtual currencies, prompting a major Bitcoin exchange to shut down. And Jamie Dimon, head of JP Morgan, called Bitcoin a fraud and said it was only “fit for use by drug dealers, murderers, and people living in places … All you need to know about Bitcoin wallet & Bitcoin miningEconomic Times |
Forbes | Bitcoin Beware - The Empire May Strike Back Forbes China continued to crack down on virtual currencies, prompting a major Bitcoin exchange to shut down. And Jamie Dimon, head of JP Morgan, called Bitcoin a fraud and said it was only “fit for use by drug dealers, murderers, and people living in places ... All you need to know about Bitcoin wallet & Bitcoin mining |
The Blockchain can decentralize the news media, increasing diversity of opinion and lessening the influence of advertisers
The Blockchain can decentralize the news media, increasing diversity of opinion and lessening the influence of advertisers
Unless you’ve been in a crypto-free cave for the past week, you might have noticed the crypto-wide market drop.
Last week, rumors of China’s crackdown on BTC to fiat transactions began to spread across the crypto-world. On Monday, mainstream news sources such as The Guardian, Forbes, Wall Street Journal, and Bloomberg further supported or confirmed these rumors by releasing articles with the news of a Chinese crackdown on exchanges.
According to Chinese state newspaper Securities Times, “All trading exchanges must by midnight of 15 September publish a notice to make clear when they will stop all cryptocurrency trading and announce a stop to new user registrations.”
Within a day and a half, BTC-USD saw a 15% markdown as the price dropped from $4400 to $3750. After all was said and done, BTC-USD managed to squeeze out one last push before bottoming out around $3000. The bottom was immediately greeted by a strong rally that propelled the price upward by $900.
The price shot down, the price shot up — where does this leave us now?
Figure 1: BTC-USD, 6-Hour Candles, GDAX, Macro Bull Run
Since the beginning of this bull run from $1800, we have established very clear, very strong support and resistance levels along the Fibonacci Retracement set shown above. At the time of this article, BTC-USD is testing the macro 38% retracement line where strong, historic support will prove quite tough to penetrate. With such a large growth in such a short period of time, BTC-USD managed to climb about 150% in market value within the span of about a month.
One idea I’ve been considering during the climbs to toward the ATH is the the Wyckoff trading range schematic shown below:
Figure 2: Wyckoff Trading Range (A great breakdown of schematic details are found here)
Historically, as markets progress through time, they go through phases of accumulation (a phase where investors and traders begin to buy and accumulate assets) and distribution (a phase where traders and investors begin to sell off their accumulated assets). In order words, the market goes up and a bull rally begins, the market begins to top out, and then a bearish rally will bring the prices back down to a comfortable level. It’s a sort of give-and-take in the market as traders begin to place their bets on the future market direction.
In our current case, over the last couple months bitcoin has formed a very similar pattern to Distribution Schematic #1 shown above. The above schematic represents one of the possible ways a market can rise, find its top, and distribute assets to market.
Comparing the schematic above to the the current BTC-USD market pattern, we can see a lot of striking similarities:
Figure 3: Wyckoff Schematic Within BTC-USD Trend
The nomenclature for this schematic is found here and is vital to understanding the upcoming discussion.
While a bearish continuation has yet to be confirmed, the most recent price hike this morning seems to fit the last test of the Wyckoff schematic LPSY (Last Point of Supply). The last point of supply is essentially a false rally where those who didn’t have an opportunity to sell on the previous LPSY now have an opportunity and will begin to sell into the more bullish traders who fall victim to a false breakout.
The SOW (sign of weakness) is marked by high sell volume that leads into an AR (automatic rally) where the sell pressure lets up and bullish traders assume a bottom has been hit. The automatic rally is marked by a bullish climb with great ease before finding its top near the previous lines of support shown above in green.
The LPSY is most notably described as a series of peaks and valleys on a fairly narrow spread as the bulls and bears exchange positions. During this LPSY, we will expect to see diminishing volume as the market pushes to new highs and becomes more and more difficult.
A closer view of the current trend reveals we have begun the process of weakening rallies with the LPSY:
Figure 4: BTC-USD, 5-Minute Candles, Bitfinex
Throughout the length of this small trend, we can see diminishing volume on each consecutive push toward new highs. If we manage to continue downward, expect turbulence at the $3000 levels and a possible secondary bounce as the $3000 level offers very strong, historic support.
It should be noted however, even though this current trend has a strong resemblance to the Wyckoff schematic, it is always important to confirm the trend before trading it. As with any market, it is entirely possible that this Wyckoff distribution pattern will fail and bitcoin will manage to continue onward and upward to new highs. A market reversal should definitely not be ruled out as the current market trend is showing a strong sign of uncertainty between the bulls and bears.
Whether the market breaks upward or downward, always confirm the move with strong volume to support a strong move in the direction the trend. Volatility is to be expected, but we approach the market with a level head and objectivity, seeing the proper positional entries and exits will much easier to spot.
Strong, bearish news hit the crypto community this week as China announced harsh regulations on the BTC to fiat transactions on exchanges.
Currently BTC is seeing a strong rally off the $3000 levels but is showing signs of waning strength in the upward direction.
A possible macro distribution pattern is unfolding and new lows could be in store for bitcoin over the next few days and weeks.
Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
The post Bitcoin Price Analysis: How Rumblings From China Play Into Wyckoff Distributions appeared first on Bitcoin Magazine.
Unless you’ve been in a crypto-free cave for the past week, you might have noticed the crypto-wide market drop.
Last week, rumors of China’s crackdown on BTC to fiat transactions began to spread across the crypto-world. On Monday, mainstream news sources such as The Guardian, Forbes, Wall Street Journal, and Bloomberg further supported or confirmed these rumors by releasing articles with the news of a Chinese crackdown on exchanges.
According to Chinese state newspaper Securities Times, “All trading exchanges must by midnight of 15 September publish a notice to make clear when they will stop all cryptocurrency trading and announce a stop to new user registrations.”
Within a day and a half, BTC-USD saw a 15% markdown as the price dropped from $4400 to $3750. After all was said and done, BTC-USD managed to squeeze out one last push before bottoming out around $3000. The bottom was immediately greeted by a strong rally that propelled the price upward by $900.
The price shot down, the price shot up — where does this leave us now?
Figure 1: BTC-USD, 6-Hour Candles, GDAX, Macro Bull Run
Since the beginning of this bull run from $1800, we have established very clear, very strong support and resistance levels along the Fibonacci Retracement set shown above. At the time of this article, BTC-USD is testing the macro 38% retracement line where strong, historic support will prove quite tough to penetrate. With such a large growth in such a short period of time, BTC-USD managed to climb about 150% in market value within the span of about a month.
One idea I’ve been considering during the climbs to toward the ATH is the the Wyckoff trading range schematic shown below:
Figure 2: Wyckoff Trading Range (A great breakdown of schematic details are found here)
Historically, as markets progress through time, they go through phases of accumulation (a phase where investors and traders begin to buy and accumulate assets) and distribution (a phase where traders and investors begin to sell off their accumulated assets). In order words, the market goes up and a bull rally begins, the market begins to top out, and then a bearish rally will bring the prices back down to a comfortable level. It’s a sort of give-and-take in the market as traders begin to place their bets on the future market direction.
In our current case, over the last couple months bitcoin has formed a very similar pattern to Distribution Schematic #1 shown above. The above schematic represents one of the possible ways a market can rise, find its top, and distribute assets to market.
Comparing the schematic above to the the current BTC-USD market pattern, we can see a lot of striking similarities:
Figure 3: Wyckoff Schematic Within BTC-USD Trend
The nomenclature for this schematic is found here and is vital to understanding the upcoming discussion.
While a bearish continuation has yet to be confirmed, the most recent price hike this morning seems to fit the last test of the Wyckoff schematic LPSY (Last Point of Supply). The last point of supply is essentially a false rally where those who didn’t have an opportunity to sell on the previous LPSY now have an opportunity and will begin to sell into the more bullish traders who fall victim to a false breakout.
The SOW (sign of weakness) is marked by high sell volume that leads into an AR (automatic rally) where the sell pressure lets up and bullish traders assume a bottom has been hit. The automatic rally is marked by a bullish climb with great ease before finding its top near the previous lines of support shown above in green.
The LPSY is most notably described as a series of peaks and valleys on a fairly narrow spread as the bulls and bears exchange positions. During this LPSY, we will expect to see diminishing volume as the market pushes to new highs and becomes more and more difficult.
A closer view of the current trend reveals we have begun the process of weakening rallies with the LPSY:
Figure 4: BTC-USD, 5-Minute Candles, Bitfinex
Throughout the length of this small trend, we can see diminishing volume on each consecutive push toward new highs. If we manage to continue downward, expect turbulence at the $3000 levels and a possible secondary bounce as the $3000 level offers very strong, historic support.
It should be noted however, even though this current trend has a strong resemblance to the Wyckoff schematic, it is always important to confirm the trend before trading it. As with any market, it is entirely possible that this Wyckoff distribution pattern will fail and bitcoin will manage to continue onward and upward to new highs. A market reversal should definitely not be ruled out as the current market trend is showing a strong sign of uncertainty between the bulls and bears.
Whether the market breaks upward or downward, always confirm the move with strong volume to support a strong move in the direction the trend. Volatility is to be expected, but we approach the market with a level head and objectivity, seeing the proper positional entries and exits will much easier to spot.
Strong, bearish news hit the crypto community this week as China announced harsh regulations on the BTC to fiat transactions on exchanges.
Currently BTC is seeing a strong rally off the $3000 levels but is showing signs of waning strength in the upward direction.
A possible macro distribution pattern is unfolding and new lows could be in store for bitcoin over the next few days and weeks.
Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
The post Bitcoin Price Analysis: How Rumblings From China Play Into Wyckoff Distributions appeared first on Bitcoin Magazine.
Security vendor ESET reports of a new technique cybercriminals are utilising to generate funds. By purchasing traffic from an advertising network, they’re able to distribute malvertising (malicious ads) that utilise many victims’ computers to mine crptocurrency. By combining JavaScript and cryptocurrency mining, those perpetrating such attacks are able to operate without actually hacking any machines … Continue reading Are Cybercriminals Using Your Computer to Mine Crypto?
The post Are Cybercriminals Using Your Computer to Mine Crypto? appeared first on NEWSBTC.
Security vendor ESET reports of a new technique cybercriminals are utilising to generate funds. By purchasing traffic from an advertising network, they’re able to distribute malvertising (malicious ads) that utilise many victims’ computers to mine crptocurrency. By combining JavaScript and cryptocurrency mining, those perpetrating such attacks are able to operate without actually hacking any machines … Continue reading Are Cybercriminals Using Your Computer to Mine Crypto?
The post Are Cybercriminals Using Your Computer to Mine Crypto? appeared first on NEWSBTC.
A new exchange is courting users of the now-defunct BTC-e exchange, but it bears a striking resemblance to its illicit predecessor.
A new exchange is courting users of the now-defunct BTC-e exchange, but it bears a striking resemblance to its illicit predecessor.
Centra, Monaco and TenX attempt to bridge the gap between traditional financial systems and the unbanked.
Centra, Monaco and TenX attempt to bridge the gap between traditional financial systems and the unbanked.
MarketWatchWhy bitcoin may be worth only a third of its valueMarketWatchViewing bitcoin as a currency makes it possible, at least in theory, to come up with a long-term exchange rate by using the quantity theory of money. The formula is: MV = PT, where…
MarketWatch | Why bitcoin may be worth only a third of its value MarketWatch Viewing bitcoin as a currency makes it possible, at least in theory, to come up with a long-term exchange rate by using the quantity theory of money. The formula is: MV = PT, where money supply multiplied by its velocity equals the price level ... |
All else equal, the market may take less time to recover from the latest sell-off than from the one that took place in December 2013.
All else equal, the market may take less time to recover from the latest sell-off than from the one that took place in December 2013.