Only 19% Chance Bitcoin Price Breaches $10,000 by Q2 2019

Twitter Facebook LinkedIn A drop in the bitcoin price’s daily moves has lowered the market’s expectations of reclaiming a five-figure valuation anytime soon. Options Traders Not Bullish on Bitcoin Skew — a crypto analysis blog authored by two London-based derivative traders — claimed that bitcoin has only a 19 percent chance of breaching the $10,000-mark by June 2019. The report rested their analysis on the expected outcomes of bitcoin futures that are expiring by the third week of the last Q3 month, explaining that the volatility embedded in the price of…

No, Bitcoin Isn’t Secretly Messing with the Mid-Term Elections

Brian Forde most recently ran for U.S. Congress in California’s 45th district and was the founding Director of the Digital Currency Initiative at MIT. Previously, he was a Senior Tech Advisor in the Obama White House. On the eve of the most important election of our time, we’ve seen what misinformation gets us. Fear of the unknown, fear of change. In these times, we need to be vigilant about how we examine what’s new or different. Hundreds of articles have been written about campaign contributions made with cryptocurrencies — and…

Bitcoin Futures Volatility Hit Record Low in October: CBOE

Twitter Facebook LinkedIn Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt, senior instructor for The Options Institute at CBOE Global Markets, who said that Chicago-based derivatives exchange saws record low volatility in its bitcoin futures market during the month of October. Speaking on the subject during CBOE’s latest weekly bitcoin futures roundup, he said: “Last week, which ended on October 26, saw the…

BitMEX Launches New Fork Monitoring Website to Keep Track of Bitcoin Forks

BitMEX just launched a website to make it easier to keep tabs on hard and soft forks on the Bitcoin blockchain. According to a recent blog post, the research arm of BitMEX is sponsoring a new website, ForkMonitor.info, which is connected to 13 nodes of Bitcoin and its hard forks, most notably Bitcoin Cash. The website will monitor many different aspects of the networks and their associated blockchains, with the ultimate goal of keeping track of these variables during forks to be “potentially useful in helping to detect unintentional consensus…

Bitcoin Price Broaches New Weekly High But Slips into Bearish Correction

Twitter Facebook LinkedIn On Monday, bitcoin underwent a bearish correction after establishing a new weekly high at 6440-fiat, falling close to 0.8 percent. Bitcoin Hits Weekly High The BTC/USD pair is trading in a bull trend above the 200-period simple moving average on hourly charts. The big move yesterday seems to have appeared more because of Tether, whose USDT token lost its dollar-peg once again, and its holders started jumping towards other coins. Prior to that, the BTC/USD pair was already pursuing a stable uptrend on near-term charts, albeit with…

China’s Central Bank Wants to Put the Damper Airdrops: Report

The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. Based on the report, the bank states that the companies running token giveaways are evading China’s…

Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’

The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether’s  account at the Bahamas-based institution is “authentic.” The letter, which Tether published Nov. 1, stated – albeit with a prominent disclaimer – that the company held an account at the bank, and that the account’s balance as of Oct. 31 was over $1.8 billion, enough to back all the USDT tokens in circulation 1-for-1. However, as CoinDesk and Bloomberg reported, Deltec would not initially confirm the relationship with Tether. As she had in previous…

Brave Browser’s BAT Rallies 26% Over Weekend after Coinbase Pro Listing

Twitter Facebook LinkedIn Basic Attention Token (BAT) on Monday has surged as much as 10.6 percent against the US Dollar from the previous day’s low. The BAT/USD exchange rate today has marked fresh quarterly highs towards 0.322-fiat, totaling the bullish gains to as high as 26 percent since November 2. The pair is also experiencing a quadruple surge in its intraday trading volume, rising from near $8 million to circa $36 million. In long term, however, BAT/USD is still facing a strong pullback sentiment towards the falling trendline which could…

India’s Biggest Private Company Gets Paid on a Blockchain

Twitter Facebook LinkedIn Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, a press release from HSBC India confirmed. Corda’s blockchain platform is described by the press release as a “single shared application, rather than requiring multiple isolated digital systems across various counterparties, located…

Bitcoin Cash Volume Surges 7x to $1.4 Billion, Crypto Market Recovering

Twitter Facebook LinkedIn Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. The volume of Bitcoin, led by an abrupt surge in volume in the cryptocurrency exchange market of South Korea and the BTC-to-KRW trading pair, increased from $3.1 billion to $4.4 billion within a span of seven days, increasing…