Bitcoin’s hashing power has reached an all time high as the crypto holds onto support above the $10,300 area. The altcoin markets are for the most part seeing modest gains on the day. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
As per data from BTC.com, a reputable mining pool, bitcoin’s two-week average hash rate has surpassed another major milestone reaching 85 exahashes per second (EH/s) as of 19:00 on Friday. Furthermore, mining difficulty also smashed a fresh record of close to 12 trillion.
Moreover, both the abovementioned figures have jumped 60% since June 14 as per the data from BTC.com.
Bitcoin’s mining difficulty – which is a measure of the difficulty when creating a new block of BTC transactions, adjusts after 2,016 blocks which usually occurs on a fortnightly basis. The phenomenon happens to ensure that the time to produce new blocks remains around 10 minutes, even as hashing power, which is deployed by computers around the world, competing to win newly minted BTC, fluctuates.
Read more here.
(Trading at $10,351.60 at 14:00 16 September 2019)
Latest Ethereum (ETH)news and prices
In the past analysis, we discussed the chances of an upside break in ETH price above the $185 resistance against the US Dollar. The price did gain traction and broke the main $185 and $186 resistance levels. Moreover, there was a close above $185 and the 100 hourly simple moving average. It opened the doors for more gains above the $190 level. On the other hand, bitcoin price remained in a range above the $10,300 level.
Ethereum price even broke the $192 level and traded to a new weekly high at $195. The current price action indicates more gains above the $195 level. If there is a downside correction, an initial support is near the $193 level. It coincides with the 23.6% Fib retracement level of the recent upward move from the $187 swing low to $195 high.
Read more at newsbtc.com
(Trading at $193.87 at 14:00 16 September 2019)
Latest Ripple (XRP) news and prices
XRP’s next hard fork is looming over Ripple, the San-Francisco-based startup behing the world’s third-largest altcoin.
@Crypto_Bitlord, a Twitter user who boasts over 100,000 followers, who claims to hold XRP, has been rallying XRP investors who have shown disappointment in the token’s recent performance, to split from the original ledger in light of Ripple’s alleged dumping of XRP tokens. The plan comes hot on the heels after a popular change.org petition by the same user dubbed “Stop Ripple Dumping,” which has garnered more than 3,500 signatures in the past month.
However, it seems that @Crypto_Bitlords plan seems to be mostly a trolling attempt which is yet to become concrete. Despite this, there are many disgruntled XRP investors out there, many of whom are taking Ripple to court.
Read more here.
(Trading at $0.263030 at 14:00 16 September 2019)
Bitcoin Cash (BCH) news and prices
Native support for bitcoin cash is coming to HTC’s blockchain phone.
Today, HTC announced its partnership with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone. The new function will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions.
In a statement, HTC’s chief decentralization officer Phil Chen called the update a natural next step for the phone. “The Zion Vault is happy to support BCH natively in hardware so security goes hand-in-hand in the BCH blockchain as an alternative to dominant payment rails and platforms,” he said.
Read more at coindesk.com
(Trading at $307.82 at 14:00 16 September 2019)
Litecoin (LTC) news and prices
Litecoin is among the weekend biggest gainers alongside Ethereum and Bitcoin Cash. The altcoins are said to be fighting to find their path away from Bitcoin. The largest cryptoasset is hovering above $10,300 as discussed in an earlier published analysis.
The lower high pattern recorded last week met its end on meeting the main ascending trendline at $67.52. The buyers pushed LTC above the simple moving averages; the 50 SMA on the one-hour chart at $69.11 and 100 SMA at $69.49. This move allowed the bulls to boost Litecoin upwards and reclaim the support at $70.
Read more at fxstreet.com
(Trading at $71.64 at 14:00 16 September 2019)
Tether (USDT) news and prices
Tether sent another large batch of tokens to Binance today. The issuer of the popular stablecoin has sent $300 million worth of USDT to the world’s largest exchange by volume. According to the company’s website, it’s because they are conducting another chain swap from the Omni protocol to the ERC20 one. This could mean that the Ethereum network will see even more USDT ERC20-based transactions, causing further challenges for its blockchain.
Read more at cryptopotato.com
(Trading at $1.01 at 14:00 16 September 2019)
EOS news and prices
EOS price performed really well in the past few days and it broke the main $3.850 resistance. The upward move was such that the price even surpassed the $4.000 barrier. It is now trading above the $4.100 level and it seems like there could be a minor downside correction towards the $4.000 level.
Read more at newsbtc.com
(Trading at $4.09 at 14:00 16 September 2019)
Binance Coin (BNB) news and prices
The CEO of Binance is facing criticism after wrongly accusing someone of attacking the newly launched bitcoin futures platform.
In an unusual turn of events, a debacle between Changpeng Zhao (‘CZ’) and an unnamed entity ensued over Twitter on September 16.
Zhao originally claimed the party attempted to crash the market serving Binance’s newly-launched Bitcoin $10137.8 +0.07% futures product.
Data reveals a sudden dip in the BTC/USD price for the futures order book, which went from $10,324 to $10,024 in seconds on Sunday evening.
Read more at bitcoinist.com
(Trading at $20.79 at 14:00 16 September 2019)
Bitcoin SV (BSV) news and prices
In 2019, Bitcoin Association has so far sponsored two Bitcoin SV Wallet workshops, which have both been very productive. The first in February gave us the new Paymail protocol (to remove cumbersome Bitcoin addresses from the user experience); the second in August delivered a commitment from many parties to contribute to a wide range of technical standards for BSV.
Bitcoin Association would like to open up this workshop process to the wider ecosystem. The reason this hasn’t been done to date has been the need to protect intellectual property arising from the outputs of these cooperative efforts for the benefit of the Bitcoin SV ecosystem. The two prior Wallet Workshops were conducted on the understanding that their work product was kept confidential until such time as the outputs could be assessed for potential patentable subject matter, and if appropriate, filing of patent applications to protect any relevant inventions generated by the workshop. This was done for the benefit of the Bitcoin SV ecosystem, to prevent competing blockchain and technology platforms from using innovations from the workshops
Read more at coingeek.com
(Trading at $123.55 at 14:00 16 September 2019)
Monero (XMR) news and prices
In a blog post originally published on Sept. 10, OKEx Korea confirmed it would halt trading of Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on Oct. 10.
The reason, said the exchange, is that as since they are focused on privacy, the coins fall foul of new guidelines set out by the intergovernmental body the Financial Action Task Force, or FATF.
“Support for trading of 5 different cryptocurrencies, XMR, DASH, ZEC, ZEN, SBTC, will be terminated,” the blog post reads.
Read more at cointelegraph.com
(Trading at $75.93 at 14:00 16 September 2019)
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