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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

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Bitcoin Price Analysis

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $ 5000s for the first time since 2017:

fig1Figure 1: BTC-USD, Daily Candles, Broken Support

Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter. The high volume and wide candle spread does not bode well for the bulls as we are currently witnessing an excess of supply in the market. We have blown through two levels of support and haven’t seen a significant retest just yet:  Read more...

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Binance Will Support USDC Trading Starting November 17

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USDC binance

Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB.

The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 1:1 with the USD.

“For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued,” the post reads.  Read more...

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Bitcoin ABC Support Crosses 51% Threshold in Bitcoin Cash Fork

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According to Coin.Dance, a reputable Bitcoin network data provider, there are about 600% more Bitcoin Cash ABC nodes than Bitcoin SV (“Satoshi Vision”) nodes. Bitcoin Cash ABC enjoys the support of three major exchanges: Bitpay, Binance, and Coinbase, while Bitcion Cash SV has the backing and blessing of the largest Bitcoin Cash mining pool, Coingeek.

The post Bitcoin ABC Support Crosses 51% Threshold in Bitcoin Cash Fork appeared first on CCN

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Fortnite Will Get Xbox One Mouse and Keyboard Support Next Week

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Microsoft (MSFT) has confirmed during its X018 event that it will be adding mouse and keyboard support for the Xbox One next week, with Fornite and Warframe slated to the be the first games to adopt the new hardware. In the announcement, Microsoft notes that it will be adding mouse and keyboard support for 6 additional games starting on […]
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Abra Plans to Support the Bitcoin Cash Fork With the Most Hashing Power

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Abra, an all-in-one cryptocurrency wallet and trading platform, is planning to support the upcoming Bitcoin Cash (BCH) protocols fork that will create two new chains: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). According to an email and announcement on Friday, Abra will be deciding which fork to support based on blockchain length and hashing power. […]
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Fork Watch: List of BCH Services Providing Fork Support

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Fork Watch: List of BCH Services Providing Fork Support and Network Monitoring Tools

The Bitcoin Cash community have been heavily discussing and preparing for a possible network split due to two development teams competing on which featured consensus changes will be added to the next upgrade. Additionally, over the last two weeks, Bitcoin Cash infrastructure providers such as exchanges and wallet services have been revealing their contingency plans for the upcoming hard fork scheduled for Nov. 15.

Also read: A Look at Bitcoin Replay Attacks and Self-Managed UTXO Protection     Read more...

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BitYaris Announces Their Support to the Upcoming Bitcoin Cash Hard Fork

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Coinbase cuts staffers in customer support, compliance, fraud depts.

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Coinbase to trade ether through rebranded exchange
Biggest American digital currency exchange Coinbase has cut a small number of staffers in its fraud, compliance and customer support departments, reports Yahoo Finance. The web services provider’s financial news outlet says the cryptocurrency exchange confirmed the cuts but would not confirm the exa…

The post Coinbase cuts staffers in customer support, compliance, fraud depts. appeared first on CoinReport.

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Bitcoin Cash (BCH) Jumps Another 15% After Coinbase Announces Fork Support

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After running up for the majority of the last week, the price of Bitcoin Cash (BCH) jumped another 15% on the news that San Francisco-based Coinbase would be supporting the hard fork that is scheduled to take place on November 15. As we previously reported, the upcoming fork centers around a fundamental disagreement between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain over changes […]
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Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Announces Support

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Over the last 24 hours, Bitcoin Cash (BCH) has increased by around 12 percent from $ 425 to $ 477 prior to its hard fork. On November 2, CCN reported that Bitcoin.com and Binance decided to support the version of Bitcoin Cash set forth by ABC, the original developers of the BCH software that forked the Bitcoin

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Bitcoin Cash (BCH) Price Jumps as the Hard Fork Gains Support

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The price of Bitcoin Cash (BCH) jumped as much as 10% on Friday, as major exchanges and other crypto platforms have started announcing support for the hard fork that is scheduled to take place in roughly two weeks. #Binance will support the upcoming Bitcoin Cash hard forkhttps://t.co/xfJcrIwFZe pic.twitter.com/CWFTA13ULp — Binance (@binance) November 2, 2018 The fork centers […]
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Coinbase Is Officially Adding Support for Basic Attention Token (BAT)

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BAT Coinbase

On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro.

BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd. and recently added to its platforms. The new offering is not available on Coinbase’s primary platform, and the company said it would make a separate announcement when this occurs.

The offering is being integrated on Coinbase Pro in the following order of stages: “Transfer-only,” “Post-only,” “Limit-only” and finally a “Full trading” stage.  Read more...

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Bitcoin Price Intraday Analysis: BTC/USD Holds Support

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Bitcoin on Friday witnessed as much as 1.3 percent gains against the US Dollar from the pair’s previous low at 6293-fiat. BTC/USD is in a minor pullback scenario ever since and is trading at 6364-fiat at the time of this writing. In contrast to the Asian session, the European hours today witnessed lower volume. It

The post Bitcoin Price Intraday Analysis: BTC/USD Holds Support appeared first on CCN

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Ethereum (ETH) On Track To Retest Support Turned Resistance

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Ethereum Chart With Values

Ethereum (ETH) is at an interesting point. The correction is almost over and the price is now preparing to begin its new cycle. If we look at Ethereum (ETH)’s trading history, we will see that there are three phases of an Ethereum (ETH) cycle. If we consider correction to be the first phase, then we will see it followed by a gradual rally which is then followed by an aggressive rally. Now, most of these cryptocurrencies certainly have a lot of room for growth but they cannot just rise with the same pace. There is a limited amount of money that could possibly be invested in cryptocurrencies. Therefore, it is logical to assume that the rate of growth of the price of Ethereum (ETH) will decrease with the passage of time.  Read more...

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Support Staff Cut At Coinbase

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The largest digital currency exchange in the world is Coinbase and a handful of remote customer support staff have been cut this week.

This was confirmed by Coinbase but they didn’t specify how many employees they let go but according to rumours, there were around 15 people that lost their job.

The company has over 500 workers and so this number might not seem like a big impact but when you look at the fact Coinbase was preparing to go public then this is an interesting time to let people go. A large amount of funding came in this month and now the exchange has a value of $ 8 billion.  Read more...

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Binance-Owned Trust Wallet Adds Mobile Support for TRON (TRX)

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Trust Wallet, a mobile cryptocurrency wallet that supports Ethereum and over 20,000 different Ethereum-based tokens across the ERC-20, ERC-223 and ERC-721 standards, announced today that it has added support for TRON (TRX). We are excited to add support for @Tronfoundation blockchain! Now you can store $ TRX on your Trust Wallet! https://t.co/Tp1n1qWJoV — Trust – Ethereum Wallet (@TrustWalletApp) […]
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Enjin Wallet Update Adds Support for ‘Blockchain Cuties’ and ‘Axie Infinity’

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Enjin (ENJ), a blockchain project building a decentralized ecosystem for gaming, released its third Enjin Wallet update this week, bringing new features and support for two new games: Blockchain Cuties and Axie Infinity. The third Enjin Wallet update is here—bringing advanced blockchain gaming features, support for 2 new games, and the results of an extensive security […]
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Visa CEO: Crypto is Not a Big Threat But if Needed, We Will Support it

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According to Al Kelly, the CEO of Visa, the company could support crypto in the future if the global market moves in the direction of embracing consensus currencies like Bitcoin and Ethereum. In the short to mid-term, Kelly told Jim Cramer, the host of Mad Money, that cryptocurrencies as an asset class is not a

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iBitcome Launches Mallow To Support Cross-Chain Transactions

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This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Starting from October 24th, 2018, blockchain-based wallet iBitcome will launch Mallow, the first federation blockchain built upon the Open Federated Gateway Protocol (OFGP). OFGP is a gateway protocol developed

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