Correlation isn’t causation but it looks like gold’s fall is driving BTC up.
CoinDesk
PG&E, US’ Largest Energy Utility Firm, to File for Bankruptcy as Potential Liabilities From California Wildfires Reaches Billions
U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US’ largest energy utility firm with a market cap of $ 13+ billion said that the decision was forced by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility
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TRON (TRX) Reaches 1 Million Accounts 3x Faster Than Ethereum (ETH)
TRON (TRX) officially reached 1 million network accounts on December 23, only 184 days after its mainnet went live. As first highlighted by Misha Lederman, Ethereum (ETH) accomplished the same feat last January, 542 days after its own mainnet launch. This means that TRON hit 1 million accounts roughly 3-times faster than Ethereum. #TRON reached 1 million […]
SludgeFeed
Justin Sun: TRON Has Over 50 DApps, Reaches 100M Transactions in 173 Days
On Thursday, Justin Sun, the founder of TRON, said that the network supports more than 50 decentralized applications (dApps) and is on track to reach 80 dApps in the short-term. #TRON now has more than 50+ Dapps. 80+ we are coming! #TRX $ TRX — Justin Sun (@justinsuntron) December 21, 2018 The statement of Sun follows
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Bitcoin Reaches October 2017 Volumes as ETH, XRP, and BCH Fall 4%
Over the last 24 hours, the volume of Bitcoin has increased by yet another 10 percent from $ 3.5 billion to around $ 3.8 billion. On October 28, the volume of Bitcoin increased by around 20 percent from $ 3.1 billion to $ 3.5 billion, showing strong and sustainable momentum in the lower region of $ 6,000 for the first
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Bitcoin Network Congestion Reaches 95%, But Fees Hold Steady
Popular cryptocurrency analyst Willy Woo has observed what many others in the community have overlooked. While this year’s market downturn has shaved off approximately 70% of BTC’s value, the Bitcoin network is quietly gaining scale. It’s a sign of what many blockchain pioneers have been touting during the market downdraft, which is for developers to
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Cryptocurrency Scam Case Reaches a Dead End in Mumbai
Roughly a year ago, Mumbai police accused the founder of ATC Coin Ltd. of running a cryptocurrency scam. Now the case has gone cold after police remain unable to locate any of the alleged victims.
In October 2017, police in Mumbai said they were looking for the founder and sole director of ATC Coin LTD. for allegedly running a cryptocurrency scam.
At the time, the Economic Offences Wing (EOW) of the Mumbai Police was on the hunt for Subhashchand Jewria for allegedly illicitly raising money from investors who invested into his company — and its affiliated virtual currency, ATC Coin. The company then used the funds to buy property after moving the cash into personal accounts.
The Daily: Robinhood Reaches 25th State, Fake Adobe Crypto Malware
In today’s edition of The Daily we cover stories about Robinhood expanding to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto index fund, and a new blockchain job for a former advisor to president Trump.
Also Read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering
Robinhood Reaches 25th State
Robinhood Markets, the stocks, options and crypto brokerage app, has reached its 25th U.S. state. This means its free trading app is now available across half of America. The Menlo Park-headquartered company announced this week that it has expanded its services to Ohio.
Bitcoin Price Intraday Analysis: BTC/USD Reaches Key Support
Bitcoin price on Saturday found a key support area near $ 6,464 after closing on the same level the previous day. The BTC/USD today rose as much as 2.5 percent from the intraday low in an upside correction attempt. Yesterday, the pair had broken below a critical near-term ascending trendline to target 6466-fiat as its primary
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Ultra Fast Blockchain Reaches 30,000 Transactions Per Second
Researchers in Australia announced on Wednesday a successful trial run of next generation blockchain that can reach cross-border speeds of 30,000 transactions per second. Operating on Amazon Web Services’ (AWS) cloud infrastructure, the test potentially paves the way for global enterprise-scale applications of the technology.
Red Belly Blockchain is a project of Australia’s national science agency, CSIRO, in partnership with University of Sydney. According to Sept. 26 statement, the next-gen blockchain provides several improvements including solving the “environmental impact from significant energy use, double spending where an individual spends their money twice by initiating more than one transaction, and throughput, which refers to how many units of information can be processed in a short amount of time.”
PCHAIN Reaches Strategic Cooperation with OneLedger
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Dogecoin Price Reaches New High Since Mid-February, Community Refutes Price Speculation Efforts
The overall cryptocurrency market momentum remains rather bearish for the time being. Bitcoin is still on the decline, which usually doesn’t bode well for alternative currencies on the market. The Dogecoin price is also feeling a bit of pressure, which is only normal after several small bull runs over the past two weeks.
Dogecoin Price vs Community Spirit
The past few weeks have been spectacular for the Dogecoin price. After remaining nearly flat for over two months, the value per DOGE suddenly started shooting up in the past 14 days. Several strong uptrends were noted, and there hasn’t been a major correction ever since. As of right now, there is no real correction to speak of either, despite a small Dogecoin price dip forming on the charts.
Ethereum (ETH) Defends $250 As Price Reaches Oversold Conditions
Ethereum (ETH) has successfully defended its $ 250 support without giving in to market panic. As most coins fell significantly, Ethereum (ETH) held its ground at this strong demand zone. The price rebounded strongly off the $ 250 level and ha now formed three consecutive green candles on the ETH/USD daily chart above. The price has currently broken past the $ 300 mark and is now expected to rise further. It faces a near term resistance at the 50 EMA which has been a strong resistance since June.
Continue reading Ethereum (ETH) Defends $ 250 As Price Reaches Oversold Conditions at Crypto Daily™.
Zilliqa Price: Strong Uptrend Continues as Value Reaches $0.088
A lot of people are surprised to see most of the cryptocurrencies are still in the green as of right now. Considering how yesterday evening looked rather uneasy, the positive momentum remains in place, for the time being. None of the top coins have noticed any major gains, yet the Zilliqa price is definitely rising rather rapidly these days.
Zilliqa Price is on Fire
Although most cryptocurrency speculators hardly ever look beyond the top 15, there is some interesting momentum building further down the line. Considering how the Zilliqa price currently sits at $ 0.088, it is one of the only currencies on the market today which is slowly inching toward its previous all-time high again. Said all-time high was recorded in late May and pushed the Zilliqa price to $ 0.1946.
ASKfm Reaches New Peak, Scales Everest
As everyone knows, Bitcoin has had an ultra-impressive run. Now, initial coin offerings (ICOs) are the cryptocurrency space’s hottest offerings, thanks to their ability to provide high returns on investment. Having said that, not all ICOs are created equal. Some will barely reach the finish line, let alone shoot the moon. With investors always looking for “the next Bitcoin,” the race to take the next big ICO to the moon is already underway!
The Highest Token in the World (Literally)
Recently, four mountaineering enthusiasts embarked on a tremendous challenge to scale the world’s highest peak, Mount Everest, which stands gigantic at 8,848 meters above sea level. Only 4,833 people have ever made it to the summit, while another 288 have tragically succumbed in the attempt.
New SALT Bridge Foundation Reaches Out to World’s Unbanked
One of the first launches out of the gate at Consensus 2018 is from SALT (Secured Automated Lending Technology) Lending Holdings. The Colorado blockchain-based cash loan provider is launching the SALT Bridge Foundation to create a financial leg up for the estimated two billion unbanked and underbanked people around the world.
SALT (named after salt — historically the first commodity-based money) uses blockchain technology and smart contracts to offer a lending program based on cryptocurrencies as a collateral.
The mission of the SALT Bridge Foundation is to use blockchain technology and cryptocurrency education and lending services to financially empower those without banking services in the developing world.
SIX.network Partners With Global Alliance To Launch Blockbuster ICO & Reaches $15M Softcap In One Week
As more and more ICO’s launch and make empty promises to potential investors, it is nice to see a company that is already established launching an ICO that could potentially reshape the entire digital economy. The Six Alliance already has more than 10 Million active users on their platform making this one of the most highly anticipated ICO’s of 2018.
Bitcoin Lightning Hits Record Node Count, Reaches $70k Capacity
The Lightning Network (LN) can now accept over 10 bitcoins’ worth of capacity on its mainnet implementation for the first time.
Lightning: 1500 Nodes, $ 70,000 Capacity
Fresh statistics April 1 show that mainnet Lightning, which in March achieved several milestones to adoption, now has capacity for 10.476 BTC ($ 70,000).
The latest display of LN’s increasing presence comes just days after a new widget tool, LightningTip, became available for anyone to use in order to accept Lightning payments on a website.
EOS Price Reaches for $7 While Other Markets Retrace Once Again
After yesterday’s initial excitement regarding the cryptocurrency markets yesterday, it seems most of the momentum has evaporated once again. Most of the top currencies are in the deep red again as we speak, even though the EOS price is the sole exception right now. Unlike the other currencies, the EOS price has risen by 11.41% in the process, which is interesting to keep an eye on.
BTC Transaction Volume Reaches Two-Year Low
The seven-day average for the number of daily bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on Localbitcoins recently dipping below 6,000 for the first time since February 2014.
Also Read: GPU Producers Fear Drop in Demand From Crypto Miners
Number of Confirmed Daily BTC Transactions Hits Two-Year Low
The number of confirmed daily bitcoin transactions has dropped substantially in recent weeks, with blockchain.info data indicating that the seven-day average falling from an all-time high of nearly 350,000 on the 16th of December 2017 to reach lows of between 150,000 – 155,000 during February 2018.