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How to Travel the World With Bitcoin Cash

Traveling is on everyone’s minds as summer approaches and crypto enthusiasts are no exception. But for anyone thinking of a holiday trip, travel arrangements can be arduous. Crypto payments can make your life easier in that regard, particularly with bitcoin cash, which is a fast and cheap way to pay for anything. The following guide shows you how to travel the world on BCH. Also read: Renewed Market Growth Has Sparked Demand for Crypto-Backed Loans Book Flights, Hotels, Cars and Train Tickets With BCH A lot of things have changed since the early days of Bitcoin and there are now much more places and ways to spend your electronic cash. Cryptocurrencies are yet to gain mainstream adoption in many sectors, but the travel industry has already proven to be quite hospitable towards crypto holders. A number of travel sites now take major coins including BCH for booking flights, hotels and car rentals. Cheapair is the first major online travel agency to process crypto payments after it started accepting bitcoin back in 2013, initially for flights and soon after that for accommodation as well. The U.S.-based platform acts as an intermediary between the providers of these services which are paid in fiat and clients who would like to pay with cryptocurrency. In response to customer demand, Cheapair.com added bitcoin cash (BCH) to its payment options about a year ago, noting its improved transaction potential in comparison with bitcoin core (BTC). Bitcoin.Travel is another well-known platform which accepts payments in seven cryptocurrencies, including BCH. On its website, you can search for flights, hotels and car rentals offered by its partners. Crypto payments are made on confirmation but the funds are transferred to the service provider at least a day after you check in. Payouts are made in cryptocurrency which means the participating businesses accept coins. According to the Polish agency, you can currently book rentals, tours or other activities using your favorite cryptocurrency. Note, however, that trying to book a flight usually redirects you to a partner that may not support crypto payments. 600,000 Property Listings Available to BCH Holders To make sure that bitcoin cash supporters will have the opportunity to arrange their trip using BCH, Bitcoin.com recently teamed up with Travala, a leading blockchain booking platform. Travala.com will be integrated into the Bitcoin.com Wallet whose 4 million users will be able to take advantage of its services thanks to the partnership agreement. The agency offers savings up to 40% on hotel bookings and accepts cryptocurrencies including bitcoin cash. With over 82,000 destinations in 210 countries, Travala is a global platform and bitcoin cash holders will now be able to choose from almost 600,000 property listings for their next holiday, directly from their Bitcoin.com Wallet. Destinia is another option if you are looking to spend your bitcoin cash on traveling. The platform is available in over 30 languages and maintains a search engine similar to any other travel agency, only the services it facilitates can be paid with cryptocurrency. Note, however, that prices are displayed in mBCH. Beside hotels, flights and cars, you can also pay for train tickets, which is a welcome addition. Railway companies in most countries are yet to integrate crypto payments but Destinia has already made this transport option available to cryptocurrency users. It currently sells tickets for the railway systems of a dozen nations including major tourist destinations such as Italy, Spain, Portugal, France, the United Kingdom, Canada and the U.S. Business Travelers Are Covered as Well Startups, professionals and entrepreneurs in the crypto space can also check out Corporate Traveller, a U.K.-based business travel management platform. Like Destinia, this agency provides rail transportation options along with flights, car hire and accommodation. Not long ago, Corporate Traveller began accepting bitcoin cash payments from companies making travel arrangements for their employees. If you contact them, their consultants will be able to offer you help and fares you can pay with BCH thanks to a partnership with Bitpay. Airtreks is another booking platform that works with the same crypto payments provider. It lets you explore global routes with multi-stop international flights and helps you prepare your long itinerary with its Tripplanner feature. Its website currently advertises around the world specials such as “The Grand Escape,” “Circle the Globe,” and “Beach Hopping.” And if you like visiting exotic places, Bookmauritiushotels.com is a website that offers “the best prices you can ever find” for hotels in the island nation which you can pay for with BCH. Other companies in the industry accepting cryptocurrency payments through Bitpay include the Latvian national carrier Airbaltic and the German travel sites Fluege and Nurflug. According to a thread on the Bitcointalk forum, there’s also a bunch of gift card platforms, such as Gyft, Egifter and Giftoffs, which work with the popular payment processor. The integration allows you to purchase gift cards for products and services offered by airline companies like American Airlines, Delta, Southwest, and Virgin. You can also pay for flights, hotels or travel packages using the gift cards of Lastminute, Jet2Holidays and Flightgiftcard which can be purchased with BCH. The Bitcoin Cash Map is Expanding Once you reach your destination, you may want to find places where you can easily spend more of your bitcoin cash. One useful application that will help you to locate brick and mortar stores which allow you to pay with BCH is Marco Coino. It’s been developed by Bitcoin.com for both iOS and Android devices and it has an online version as well. The merchant directory now lists over 1,000 physical locations accepting bitcoin cash. The stores are spread all over the world with the interactive map showing the highest concentration in Europe. If you run a business taking BCH or you happen to find one that’s not listed yet, you can easily add a new store to the Marco Coino map. An alternative platform showing locations where you can pay directly with BCH is Bitcoinmap.cash. It has both a web-based version and a mobile app available in the Google Play store. All the venues displayed on its map accept either bitcoin cash or dash, while some of the shops also take bitcoin core. You’ll enjoy discounts of up to 20% on your first BCH payment in many of the participating stores. But even if you are in a place where only fiat currency is accepted, there are still ways to spend your bitcoin cash. Here are two debit card issuers that support it: Bitpay’s Visa card in the U.S. can be loaded with BCH and used to purchase goods and services through a conversion to U.S. dollars. And Fuzex is another crypto card project with global reach that last year chose bitcoin cash (BCH) as its base cryptocurrency. Its card is issued to residents of Europe and the Asia-Pacific region. Traveling is rarely cheap, whether you are on a vacation or a business trip. In case you run out of bitcoin cash, there’s already a wide network of ATMs around the world where you can top up your BCH wallet. A quick look at Coinatmradar’s BCH Map shows there are now more than 1,800 machines and tellers on the planet that can sell you BCH coins. Many of these will also buy your electronic cash in case you need some paper money. Have you used the services of these platforms to arrange your trips with bitcoin cash? Share your experience in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article. Images courtesy of Shutterstock, Bitcoin.com Travala. You can now easily buy Bitcoin with a credit card. Visit our Purchase Bitcoin page where you can buy BCH and BTC securely, and keep your coins secure by storing them in our free Bitcoin mobile wallet. The post How to Travel the World With Bitcoin Cash appeared first on Bitcoin News.
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Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains

Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day. Also Read: Putting an End to the Bitcoin Store of Value Fallacy Top Crypto Markets Gain 8-13% Just two days ago short positions and crypto bears managed to scale back the prices of many coins. During the start of the weekend, however, prices managed to start climbing again and many digital assets regained some losses. On May 19 the trend changed for the better and a large portion of digital currencies started to break out and gather some decent gains. This Sunday, bitcoin core (BTC) is just below the $8K zone with an average price of around $7,908 per coin. BTC has gained 7.8% over the last day and around 10.4% over the last seven days. The second largest market cap still belongs to ethereum (ETH) and its markets are up by 6.6%. Each ETH is trading for $252 per coin and the market has gained 32% over the last week. Ripple (XRP) is up around 6% as well and each XRP is swapping for $0.39 at press time. XRP markets are up 26% over the last seven days and just started seeing some stronger gains over the last two weeks. Lastly, litecoin (LTC) is up 6% today but only 5.5% for the week with each LTC swapping for $92 per coin. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) is currently trading for $404 per unit and is up 12.9% over the last week. BCH has a market cap of around $7.1 billion and global trade volume today is $2.6 billion. The decentralized cryptocurrency still holds the fifth highest trade volume today above eos and below LTC. Tether (USDT) is the top pair traded with BCH on May 19 as 49.9% of BCH trades are against USDT. This is followed by BTC (24.4%), USD (9.9%), KRW (9.9%), JPY (2.1%), and EUR (1.5%). The top five exchanges trading all the BCH volume includes Coinbene, P2pb2b, Bitmart, Binance, Huobi, and Hitbtc. BCH/USD Technical Indicators Looking at the 4-hour chart for BCH/USD on Kraken shows bulls gathered strong momentum during the early morning trading sessions but are currently facing big resistance. Most 4-hour oscillators show either impartial readouts or a bullishness. At the moment the Relative Strength Index (RSI ~58.28) is below overbought conditions and is very neutral at press time. Stochastic shows a similar readout (~80.41) and MACd levels (~33.20) show there’s room for more price improvements in the short term. The two Simple Moving Averages (SMA 100 & 200) show there’s still a decent gap between the short term 100 which is above the longer term 200 SMA trendline. This indicates that the path toward the least resistance is still the upside even after bears nudged the price down two days ago. Order books show BCH bulls will meet strong resistance levels between the current vantage point and the $430 range. There’s more resistance at the $455 zone as well if bulls manage to climb higher. On the back side, bears will see pit-stops between now and the $375 zone. Alongside this, there’s a string of foundational support around the $340 region as well. Traders Play New Positions While Waiting for More Surprise Crypto Action It has been an odd week for cryptocurrency markets as there’s been some decent volatility taking place from time to time. BTC/USD, BCH/USD, and ETH/USD short positions were pretty high on Saturday but most have been squeezed since then. As unexpected as the last drop was two days ago, the 10-15% rises on Sunday was also a surprise. And still, top markets have shown room for growth as foundational supports held perfectly during the price pullbacks. People have also been watching for big whale movements and there were two large transactions on May 19 totaling $38 million worth of BTC according to the Twitter account Whale Alert. It’s safe to say the last dump shook traders up with uncertainty and whether or not the bull run will continue is still debatable. Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, Bitcoin.com Markets, and Coinlib.io. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains appeared first on Bitcoin News.
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Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes

Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes Figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to the inflation bug discovered in September 2018. This revelation poses some danger to […] Cet article Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes est apparu en premier sur Bitcoin Central.
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Bitcoin Payments Are Being Bulldozed for Political Reasons

Bitcoin Core wants to distance itself politically from the former project leader Gavin Andresen, the payment protocol BIP070 he was involved with, and from the BCH-friendly Bitpay payment processor company. The attempts to remove software associated with Gavin Andresen are now having real-world effects on the security of bitcoin payments. Also read: How to Prove Ownership With a Bitcoin Cash Address and Digital Signature Bitpay Forced to Remove BIP070 Bitpay keeps getting criticized for implementing a payment protocol requirement for wallet apps looking to send money to a Bitpay BTC or BCH address. Bitpay quite suddenly implemented the requirement without much debate and no public negotiations with other community members. The initial instinctual reaction among many BTC and BCH users was that “no (single) private company should be allowed to make demands about mandatory changes to all BTC and BCH wallet apps because that would mean that software change decisions would be decided in a centralized manner which would be unacceptable for a currency that’s supposed to be decentralized.” But that reasoning only works superficially and stops working if you spend some time to think more deeply about it, and here’s why: The Payment Protocol was not created by Bitpay. It was created by the individuals (independent from Bitpay) Gavin Andresen and Mike Hearn back in July 29, 2013, long before Bitpay announced on Nov. 28, 2017 that they would start requiring wallet apps to use the Payment Protocol when sending money to Bitpay. Many major BTC wallet apps had already implemented Payment Protocol support independently from Bitpay – “If you are using the BitPay, Copay, Mycelium, Bitcoin Core, Airbitz, or Electrum wallets for your bitcoin payments, nothing will change. These true bitcoin wallets all already ‘speak’ Payment Protocol” – and before Bitpay made their announcement that they would start requiring Payment Protocol compatibility in the coming months. The major reason why Bitpay announced they would start demanding Payment Protocol compatibility from all wallet apps that would like to send money to Bitpay was that they started getting a lot of customer support requests from their users who had accidentally sent money to them with a transaction fee so low that their transaction either got delayed for days, sometimes weeks or even rejected by the BTC network, typically after a several weeks long delay. The Payment Protocol would remove the ability for the Bitpay customer to choose the transaction fee and give that decision to Bitpay instead. Bitpay would specify a transaction fee high enough that they would be reasonably confident that they would eventually receive the money in a reasonably timely manner, thus heavily reducing the number of customer support tickets generated. Bitpay did not try to start centrally controlling “the rules of Bitcoin.” They just saw a harmless way to reduce their customer support department costs and announced their necessary requirement to accomplish that goal more efficiently. The Bitcoin Core project added a “deprecation warning” message for their BTC wallet in their documentation site on Nov. 22, 2018: (Screenshot created from here, Archived versions; Deprecation warning, Archived versions here and here.) No clarification has been given on why the BIP070 Payment Protocol is now considered “deprecated and will be removed in a later version of Bitcoin Core” because “The protocol has multiple security design flaws and implementation flaws in some wallets,” at least not on the Bitcoin Core documentation site since Nov. 22, 2018 until May 7, 2019. Maybe it’s just a matter of their documentation being poorly updated or maybe it’s because BIP070 actually works well enough to not have to be deprecated. The latter reason seems more likely because Bitcoin Core (BTC) advocates have been politically hostile against Bitpay and especially so after Bitpay announced that they have started supporting BCH in addition to BTC. This seems to be a political move to signal that Bitcoin Core should make the important decisions about how payments should be made and not a BCH friendly company such as Bitpay. BIP070 was authored by two BCH friendly individuals (“Satoshi’s second in command” and former Bitcoin Core project leader Gavin Andresen and Bitcoin XT founder Mike Hearn) whereas the now suggested Payment Protocol BIP021 was co-authored by the well-known Bitcoin Core and small base blocksize limit advocate and developer Matt Corallo. Bitpay could’ve chosen to mandate the significantly older Payment Protocol BIP021 (created Jan. 29, 2012) instead of mandating the newer Payment Protocol BIP070 (created July 29, 2013). For whatever reasons, Bitpay chose the newer standard BIP070. Bitcoin Core implemented support for BIP070 all the way back on March 19, 2014 as can be read in their release notes: “Add payment request (BIP 0070) support.” It’s odd that the Bitcoin Core project implements the newer standard BIP070 and then many years later deprecates the newer standard in Bitcoin Core and starts suggesting that everyone should be using the much older standard BIP021 that even Bitcoin Core themselves did not choose initially. It’s odd unless you consider the politics between the competing Bitcoin variant currencies, BTC and BCH, in which case the events start making sense again. Bitcoin Core wants to distance itself politically from BIP070, the former BCH-friendly Bitcoin Core project leader Gavin Andresen, and the BCH-friendly Bitpay payment processor company. Bitcoin Core advocates state the reasons as being: “The protocol has multiple security design flaws and implementation flaws in some wallets,” without clarifying those reasons, when in fact their reasons are clearly politically motivated as has been argued in this article. The currently most widely accepted, supported and endorsed BTC and BCH Payment Protocol BIP070 works well enough for now (see graph below), even though mandating its use was decided by the BCH-friendly payment processor company Bitpay and not by the current project leader of the now BTC maximalist Bitcoin Core project. It makes sense to keep endorsing and supporting BIP070 at least until a better standard has been developed and its merits have been well argued and thoroughly debated within the BTC and BCH communities. The older BIP021 standard does not seem to be better than the newer BIP070 standard. Source: Bitpay The best counterargument to enforce the use of BIP070 for wallet apps was arguably given by Andreas Antonopoulos, and Bitpay motivated their enforcement convincingly in this excellent summary: “Near the end of the video, Andreas pointed out that people are using third parties to unwrap the BIP-70 protocol to get to the BIP-21. This creates additional security concerns for BitPay users by introducing additional trusted parties. This point is not only valid, but, if our sole and primary motivation for enforcing BIP-70 was about security, would present a compelling case to roll-back enforcement until more of or all of the Bitcoin ecosystem adopted Payment Protocol. But as we said before, BIP-70 is not only about security for BitPay, but about usability. And the usability of cryptocurrency is not just about the short-term success of BitPay, but also the long-term success of cryptocurrency.” Andreas talks about “The BIP-70 controversy.” He reads a question that was submitted by one of his viewers. The viewer says “Samurai wallet for example does not support BIP-70 and refuses to implement that feature. Could you explain why BIP-70 is controversial in itself and why Bitpay implements a non-universal BIP? Do users have a role to play in this controversy?” It’s easy to understand why the Samurai wallet team refuses to implement and support BIP-70. They endorse the Bitcoin Core (BTC) currency above all and consider any other competing cryptocurrency, BCH especially, as “an attack on Bitcoin.” The Samurai wallet team tweeted that they approve of Bitcoin Core advocates “viciously attacking” Bitcoin Cash advocates and that Bitcoin Cash advocates are “lunatics” and “frauds.” That’s a pretty strong choice of words to describe a group of people that have a difference of opinion regarding how Bitcoin should scale. “Bitcoin will not bend the knee for you, your business, or anyone else. Bitcoin will not compromise. That’s a feature not a bug. You lunatics forked yourself off, now you can deal with the consequences and the ‘vicious attacks’.” And then this comment: “Forking is not the issue. That is exactly what they should have done. The ongoing narrative that ‘BCH is Bitcoin’ is the problem and should be ‘viciously attacked’ or at least highly ridiculed. If you don’t call out fraud, you yourself are a fraudster.” It’s About Politics, Not Technology It should not come as a surprise then that the Samurai wallet team refuses to support the BIP-70 technology that the Bitcoin Cash-friendly payment processor Bitpay started requiring from all wallet app providers. It’s about politics, not about technology. Andreas too has become a Bitcoin Core advocate so it’s not a surprise that he omits mentioning that the Samurai wallet team is not a typical example of a politically neutral wallet team. He just pretends that the person who asked the question in his video is right about the Samurai wallet team being politically neutral. Andreas Antonopoulos further says (regarding Bitpay’s choice to make the use of BIP070 mandatory for all of their customers) at 6:04 in his video that: “From a certain perspective I think that makes sense. However it’s created a lot of pushback … leading in fact to the emergence of alternatives and competitors to Bitpay with projects such as BTCpay Server.” Notice how Andreas says it’s the reason and not a reason that people started competitors to the Bitpay company. That’s not a very honest description of the events now, is it? Bitpay requiring BIP070 is just one reason among many reasons that people started competing companies. The two most major reasons are that 1) people start competing companies in growing ecosystems all the time, and 2) Bitpay was one of the earliest and most influential community members that publicly advocated raising the base blocksize limit for the Bitcoin currency before Bitcoin split into Bitcoin Core (BTC) and Bitcoin Cash (BCH) on Aug. 1, 2017. This is what Stephen Pair (co-founder and CEO of Bitpay) wrote all the way back on Jan. 7, 2016 about Bitpay’s political stance regarding the blocksize limit debate: “Miners need a simple, but adaptive consensus rule for determining the block size limit. Of all the ideas we’ve examined, the one that seems most appealing is a simple adaptive limit based on a recent median block size. To determine the block size limit, you compute the median block size over some recent sample of blocks and apply a multiple. For example, you might set the limit to 2x the median block size of the last 2016 blocks … At BitPay, we will experiment with this approach. We will perform back testing to analyze what impact various settings might have on historic blocks. We will also analyze behavior under extreme circumstances and critique it from a game theoretic perspective. You can follow our work with our fork of the bitcoin client: https://github.com/bitpay/bitcoin. If our findings convince us that it is the best approach for Bitcoin, we will work to convince others (most importantly, miners) as well. In the meantime, if miners reach a consensus on a temporary bump in the fixed limit, you’ll be able to spend those coins at any BitPay merchant.” As you can see, it’s no wonder Bitcoin Core advocates view Bitpay as being a very influential and important competitor to the scaling roadmap that the Bitcoin Core team fought and keeps fighting for. Interestingly, it just so happens that Amaury Sechet (project leader of Bitcoin ABC) is advocating a very similar long-term solution to deciding the base blocksize limit for Bitcoin Cash. Bitcoin ABC stands for “Adjustable Blocksize Cap” and Bitcoin ABC’s base blocksize limit previous increases from 1 MB to 8 MB, and then to 32 MB have been merely short-term solutions while the long-term solution is still being researched and worked on. Amaury (“Deadalnix” on Github) wrote this on Jan. 6, 2019, almost exactly three years after the above mentioned Bitpay blog post: “Given the goal of keeping the system secure without running while keeping the [base blocksize] limit above actual use, I would chose the parameter of the adjustment using the largest value of these two computations: 1/ the median block size of the last 11 block multiplied by 2. 2/ the average block size over a large duration (I’m not sure what’s a good value at this time). Rationale: We want to avoid the usage to run into the block size. To do so, it is important to adapt quickly in case of rapid change in usage. We also desire to keep multiplier small as we want to reduce the attack surface. It follows that a small window (11) and a small multiplier (2) fits the bill best. 11 is considered safe from manipulation and used for other computation like MTP for that reason.” Notice the striking similarity between Bitpay’s and Amaury’s preferred long-term solutions to the base blocksize limit for BTC and BCH. Great minds seem to think alike. It’s no wonder that Bitpay announced (March 28, 2018) that they would support BCH in addition to BTC for their payment services: “BitPay Merchants Can Now Accept Bitcoin Cash Payments.” Bitcoin Cash (BCH) is simply more Bitcoin than “Bitcoin.” Where do you stand on this debate? Share your thoughts on the subject in the comments section below. This post was written by Tomislav Dugandzic, independent bitcoin cash (BCH) user and currency speculator. OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article. Images courtesy of Shutterstock, Github, Bitpay, Stephen Pair (Twitter). Do you want to dig deeper into Bitcoin? Explore past and present cryptocurrency prices through our Bitcoin Markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks. The post Bitcoin Payments Are Being Bulldozed for Political Reasons appeared first on Bitcoin News.
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Markets Update: Bears Claw Crypto Prices Back While Uncertainty Fills the Air

Digital asset markets fell hard during the early morning trading sessions on May 17 as the price of bitcoin core (BTC) quickly tumbled from $7,900 to a low of $6,200 on Bitstamp. Many other crypto markets followed BTC’s drop in value, but over the last few hours, a good portion of coins have regained a percentage of the intraday losses. Also read: ‘Craig Is a Liar’ – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright Crypto Markets Dump In Unison Markets faced extreme volatility on May 17, as the price of many coins nosedived in value from the previous day’s high. Currently, the entire market capitalization of the whole cryptoconomy is roughly $226 billion, but close to $30 billion was shaved off the overall valuation since the dump. At the moment, on Friday afternoon, the price of bitcoin core (BTC) is roughly $7,085 and is down 10.9% in the last 24 hours. The second largest market valuation belongs to ethereum (ETH) markets which are currently down more than 13.6% today. Each ETH is swapping for $229 per coin and the market capitalization is roughly $24.3 billion. Ripple (XRP) prices are down 12.6% and each XRP is swapping for $0.36. Lastly, eos (EOS) holds the fifth largest market cap today, after knocking litecoin (LTC) out of the position. One eos is trading for $5.83 per coin and the market is down 10.9%. Bitcoin Cash (BCH) Market Action The fourth highest valued market cap on May 17 is bitcoin cash (BCH) which has lost 14.7% since the initial dip. At press time, one BCH is trading for $347 but BCH is still up 20% over the last seven days. BCH has around $3.6 billion in global trades and a market cap of about $6.1 billion on Friday. BCH/USD 24-hour volume on May 17, 2019. The top five exchanges swapping the most BCH today include Coinbene, Binance, Huobi Pro, Bitmart, and Bitforex. The top currency pair traded with BCH this Friday is tether (USDT) which captures 44.9% of today’s trades. This is followed by BTC (28.4%), USD (12.5%), KRW (7.8%) and the EUR (1.9%). Both ETH/BCH and JPY/BCH are also capturing close to 2% of the day’s global trade volume. Bitcoin cash is the sixth most traded coin by volume below eos and above ripple. BCH/USD 4-hour, May 17, 2019. BCH/USD Technical Indicators Right now, looking at the 4-hour BCH/USD chart on Kraken shows the bears are struggling to break lower ground as there are strong foundations at the current $354 price point. The two Simple Moving Averages are growing closer with the 100 SMA, nearing the long term 200 SMA. This could indicate a trend reversal is in the cards but the Relative Strength Index (RSI 43.94) shows the dip hasn’t moved into oversold regions. BCH/USD 4-hour, May 17, 2019. The flash crash that affected all markets didn’t last long and the BCH MACd levels show things may go lower in the near future while the Stochastic oscillator is impartial at press time. Most technical indicators show a sell signal or some level of uncertainty which means another correction is likely on the horizon. If bulls manage to overcome the pressure, then they need to surpass prior heights again through the $375 and $400 range. On the backside, there’s some decent foundational support that’s been holding strong at the $340 zone and some more foundations around the $315 and the $295 range. The Verdict: Crypto Sentiment Changed Fast Like a Mood Ring At the moment, a decent amount of uncertainty is in the air and traders are likely hoping they played the correct positions. Right now, tether (USDT) has the strongest volume which is about $1 billion dollars higher than BTC’s trade volume today. Crypto markets started rising pretty fast, about a week before and during the Consensus conference in New York which typically happens on an annual basis. However, during the early morning trading sessions this Friday, traders saw a BTC sell order worth a whopping $35 million on the Luxembourg-based exchange Bitstamp. As soon as the order hit the market, it triggered a very fast nosedive which saw BTC lose $1,000 in value. So far the cryptoconomy is calm but traders are unsettled by the extreme volatility and the mood has certainly changed. Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, Bitcoin.com Markets, and Coinlib.io. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.   The post Markets Update: Bears Claw Crypto Prices Back While Uncertainty Fills the Air appeared first on Bitcoin News.
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This week Redditors discussed the opportunities to pay via BCH in Korea (South Korea, for sure), turned back to fundamentals in the market, and… More of Reddit-life is in our weekly digest.

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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform Bitconnect.co. The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest. The company also has a lending platform and exchange which closed due to warnings from Texas and North Carolina authorities. Some unknown person is however working […]
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MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
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Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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