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Ripple Combats Investors After Complaints Allege Company of Selling Unregistered Securities

A group of investors has filed a complaint against Ripple with the Securities and Exchange Commission (SEC) for dumping illegal securities on investors in the token, as reported by Forbes, August 18, 2019. Bitcoin influencer Tone Vays has taken delight to this, claiming the SEC will “bring down Thor’s hammer” on them. Many investors inRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Bitcoin falls 1.81% but remains above $10,000

Bitcoin: What’s the Latest Regarding its Price? Bitcoin is down about 1.81% from the previous day, putting its price at $10,212.66 US dollars at the time of this writing. The past 24 hours mark a reversal in price from the day prior. It should be noted, though, that price is still in a downtrend, and is currently 6.27% below its 20-day moving average; staying above this level may be critical to sustaining short-term momentum. Given that its distance from its 20-day moving average of $10,895.56 is somewhat close, it may mean that a climb up to the 20-day moving average may be needed before momentum buyers come in. Alternatively, for those interested in trading ranges that Bitcoin bounces between, its current two-week trading range in US dollars is between $9,523.05 and $12,268.07. The currency’s market cap is now at $181.44 billion US dollars, and its market dominance — the percent of the entire amount of capital invested in cryptocurrencies that belong to Bitcoin — is at 68.16%. As for the recent behaviour, Bitcoin’s dominance level hasn’t exhibited a clear trend — but has fluctuated between 66.31% and 69.3%. A dominance level without a clear trend suggests that it may still be unclear as to whether or not we will live in a world with many viable coins, or whether Bitcoin will be the “one coin to rule them all”. Want to trade Bitcoin? Consider the following brokers: Coindirect Daily Engagement and Hash Rate Metrics Update 288,256 transactions were recorded on the Bitcoin blockchain yesterday. The trend in daily transactions is not clear, though it should be noted that transactions have dropped by about 3.8% over the past week. If Bitcoin does not grow transactions, it may need to derive its value as a store of value. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.26 US dollars. The size of the typical transaction on Bitcoin’s blockchain is up 1.47% in US dollars; meanwhile, the fee for sending transactions has been decreasing by 4.6% per week. Last but certainly not least, Bitcoin’s hash rate continues to bounce around on a 30-day basis, gaining about 0.39% per day. Given the unclear trend in bitcoin mining, it may be that hash rate is getting more uncertain in a way; this could result in the chain’s security being something to keep an eye on. From this perspective, this behaviour may not provide Bitcoin with the ability to earn greater trust from developers and investors alike. How Active are Bitcoin’s Richest Wallets? There are 557.72 million Bitcoin wallets with at least some positive amount of Bitcoin, but only 2.51% of those wallets have received or sent Bitcoin in the past 30 days. In terms of engagement, note that the number of monthly active users in Bitcoin has been ranging by about 3,342.496 per day. The top 1% of Bitcoin wallets hold over 90.54% of the outstanding Bitcoin. Article by SixJupiter The post Bitcoin falls 1.81% but remains above $10,000 appeared first on Coin Insider.
Coin Insider

Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over

There was a strong drop in bitcoin price below the $10,500 support against the US Dollar. The price is currently correcting losses, but it remains below key hurdles near $10,500. There is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to resume its decline below the $10,000 and $9,800 support levels. Bitcoin price is trading in a downtrend below $10,500 and $10,800 against the US Dollar. BTC price remains at a risk of more losses below the $9,800 support area. Bitcoin Price Weekly Analysis (BTC) In the last weekly forecast, we discussed the chances of a strong decline in bitcoin price to $10,500 against the US Dollar. The BTC/USD pair did decline in the past few days and even broke the $10,500 support level. Moreover, there was a break below $10,000 and a close below the 100 simple moving average (4-hours). The decline was such that the price even traded below $9,800 and a new monthly low was formed near $9,510. Recently, the price started an upside correction above the $10,000 resistance level. Moreover, there was a break above the 23.6% Fib retracement level of the last major decline from the $12,337 high to $9,510 swing low. However, the previous support near the $10,500 level is acting as a strong resistance. Additionally, there is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair. If there is a downside break below the $10,000 support, bitcoin price could resume its decline. An immediate support is near the $9,800 level, below which the price may perhaps revisit the $9,500 support level. Finally, if there are more downsides, the price could test the $9,200 and $9,000 levels. On the upside, there are many important resistances near $10,500 and $10,800. Moreover, the 50% Fib retracement level of the last major decline from the $12,337 high to $9,510 swing low is near the $10,900 level. There is also a crucial bearish trend line forming with resistance near $10,800s. Therefore, a break above the $10,500 and $10,800 resistance levels won’t be easy in the near term. Looking at the chart, bitcoin price is clearly trading in a bearish zone below $10,500. Therefore, there is a risk of more downsides below the $10,000 and $9,800 support levels. To start a strong recovery, the price must surpass the $10,500 and $10,800 resistance levels. Technical indicators 4 hours MACD – The MACD for BTC/USD is about to move back into the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining towards the 25 level. Major Support Level – $10,000 Major Resistance Level – $10,500 Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over was last modified: August 18th, 2019 by Aayush JindalThe post Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over appeared first on NewsBTC.
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Analysts Weigh In: Why Is Bitcoin Falling Lately?

Bitcoin has dropped severely this past week, falling from $11,700 about ten days ago to roughly $10,050 just yesterday. Now, it’s trading for just shy of $10,400, which means the currency has hiked itself up a bit in the past 24 hours, but it’s still a major fall.  So, Why Is Bitcoin Falling All of a Sudden? One of the reasons could be because tensions over the U.S.-China trade war have seemingly loosened up a bit. At press time, some stocks are showing signs of recovery, and bitcoin – along with other assets like gold – are looked at as “shields” against economic downturns. Thus, it makes sense that bitcoin would suddenly spike over the last two weeks following announcements that President Trump would be enforcing further tariffs on approximately $300 billion-worth of items from China. Now, however, some of these fears and tensions are beginning to dissipate, which means that bitcoin and other forms of crypto are suddenly down for the count given that people aren’t looking at them through the same lens as they were 12 days ago. Overall, it seems the currency has fallen by anywhere between 12 and 15 percent over the past week alone. Analysts say that the idea of bitcoin serving as a “safe asset” has somewhat evaporated. Matt Maley, an equity strategist at Miller Tabak + Co. explains:  People thought at certain points in the last year or so that cryptocurrencies would become the flight to safety trade. The cryptocurrency is losing some of that luster of being considered a safe asset. Fears arose recently regarding bitcoin’s alleged ties to a potential Ponzi scheme. According to a Twitter post submitted by crypto influencer Dovey Wan, individuals involved in a Plus Token scam were potentially selling several thousand bitcoins in small batches. However, researchers at Token Analyst explain that this likely isn’t the case, and bitcoin’s drop is simply part of a moving economy. Company co-founder Sid Shekhar spoke of the crypto wallet addresses associated with the Plus Token trades. He explained:  It doesn’t look like any of these addresses are exchange owned, so that was enlightening. We’ll keep an eye on this to see if they do move the 100s of millions into exchanges at some point.  What Can We Expect Now? The big question now is, “Where will bitcoin go from here?” Can we expect to see further drops in the coming weeks, or will the coin recover and resort to bullish behavior sooner than we might expect? Given that the currency has spiked again and is trading for $300 higher than where it stood just a day ago, we can probably expect a small recovery stage in the immediate future, though given we’re about to enter the final quarter of the year, it’s hard to say what will happen for sure. The post Analysts Weigh In: Why Is Bitcoin Falling Lately? appeared first on Live Bitcoin News.
Live Bitcoin News

Bitcoin Price Stems Decline as Bakkt Readies Futures Launch Next Month

Bitcoin’s price advanced Friday and stemmed some of its brutal weekly decline after Bakkt confirmed that it has been cleared to launch its physically-settled bitcoin futures contract […] The post Bitcoin Price Stems Decline as Bakkt Readies Futures Launch Next Month appeared first on Hacked: Hacking Finance.
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All top cryptos down again, as Litecoin falls 5.51%

How the Fab Five Fared Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -3.21%. Leading the way was Ethereum, whose price is now around $183.56 USD, which yielded holders a return of -2.49% from the day prior. As for the worst-performing crypto out of the Big Five, yesterday that was Litecoin; it came in at down 5.1%, which drove its price to around $72.995837 USD. None of the coins had up days, which indicates a wave of bearishness befell the sector as a whole. Find the crypto broker right for you: Coindirect Key Technical Moves Buy Ethereum online in under five minutes None of the coins had moves that could be regarded as unusually large; all the moves were within the volatility ranges we’ve come to expect for each currency. Also of note for technical traders are the following developments in price action: If coins without a clear trend are your thing, consider Bitcoin and Bitcoin Cash. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders. XRP, Litecoin and Ethereum are in a clear downtrend at this time. Insights From Transaction Data Ripple recorded 860,513 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 24% over Ethereum, which had the second-most transactions recorded on its chain. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Over the past 24 hours, the largest transaction across all blockchains occurred on Bitcoin, coming in at a value of $44,025,192 US dollars. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $178.26 billion US dollars. That’s about 68.11% of the value of all circulating cryptocurrencies. To put that in perspective, we should note that over the past two weeks Bitcoin’s dominance percentage has been in an uptrend, leaping from 65.64% to 69.3%. Article by SixJupiter The post All top cryptos down again, as Litecoin falls 5.51% appeared first on Coin Insider.
Coin Insider

No Friday Feeling For Bitcoin As It Falls Back to Four Figures

A very short lived foray into four figures for bitcoin yesterday was over before it really began. The recovery showed all signs that there are just too many buyers lurking below $10k. However, a different picture is unfolding this Friday morning as Asia again dictates the direction of flow for BTC markets. Bitcoin Back Below $10k For the second day in a row, BTC has delved into the four figure price range again with another fall below $10k. It managed to return to resistance at $10,400 for a few hours in late trading yesterday but as Asian markets gathered pace, the bears pushed it back again. BTC price 1 hour chart – Tradingview.com From the daily high, bitcoin plunged over 6% to hit a new Friday low of $9,750 according to Tradingview.com. Clearly the buyers are running out of steam at this level so further losses are likely. The next level of support below current prices 00 is just below $9,500, below that it could get shaky as analysts are already eyeing a drop into the $8,000s. Trader ‘CryptoFibonacci’ looked at the six hour chart before this retreat so the first scenario is already out of the question, the second is not so pretty. $BTC 6 hour Chart (Coinbase exchange). Bullish engulfing at the low. Resistance is at the 200 ema and 38.2 Fib retrace. A break of this and 10,900 comes quickly. Failure of this area and we most likely fill the gap at 8500. $BTC 6 hour Chart (Coinbase exchange). Bullish engulfing at the low. Resistance is at the 200 ema and 38.2 Fib retrace. A break of this and 10,900 comes quickly. Failure of this area and we most likely fill the gap at 8500. #BTC pic.twitter.com/3TJMmg91tv — CryptoFibonacci (@CryptoFib) August 16, 2019 There is also the notion that bitcoin could just remain range bound between these lows and $12k for the coming months. The market is extremely choppy at the moment but the longer term picture will not be affected by small swings at this price level. Hodl Through The Chop Entrepreneur and trader Bob Loukas has taken the long term view that holding through periods of chop is a better tactic for long term investors. $BTC is trading up 300% off the lows set just 9 months ago at the 4-Year Cycle bottom. If you want to #SmartHODL to the 6-figure area, you have to learn to hold through periods of chopping consolidation and severe 30-40% draw-downs. Investors who make it accept volatility. The move has resulted in another $10 billion being dumped from crypto markets as total capitalization retreats back to $260 billion again. As usual the altcoins are largely unmoved with most of them lulling around yesterday’s lows still as bitcoin threatens to drag them deeper into the digital quagmire. Will BTC drop below $9k this weekend? Add your thoughts below. Images via Shutterstock, BTC/USD charts by Tradingview, Twitter @CryptoFib The post No Friday Feeling For Bitcoin As It Falls Back to Four Figures appeared first on Bitcoinist.com.
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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
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HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
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The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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