Bitcoin [BTC] breaches $8500, Bitcoin Cash [BCH] at $1000 after a positive two hour rally!

The last time Bitcoin [BTC] touched $8500 was on the 26th of March. Today, almost a month later Bitcoin is back to trading at $8500 after a positive two-hour rally. Bitcoin Cash [BCH] gained momentum as well and at press time was trading at $1046 to a token. BITCOIN breaches $8500 – momentum is …

Dan Morehead is the CEO of Pantera Capital, a firm fixated towards Bitcoin and other digital currencies, and corporations operating blockchain technology. Pantera has benefited an average of 25,000 percent during the previous moving averages.

Dan suggests that Bitcoin prices have dwindled to $8,000 since few days indicating a slanted curvature after a series of rises and drops. Dan Morehead, the CEO of Pantera Capital, predicted that BTC price will hit $20,000 in December of 2018, giving green light for buyers.

Bitcoin has been dropping down since mid-January 2018. Morehead added that a market that’s been growing rapidly rarely ever gets below its 200-day moving average. Further indicating that buying Bitcoin at its nethermost value would simply provide high revenue. Pantera capital had received 25,000 percent last December after the prices had dropped last year.

When the MA – Moving average is at high that usually means the market is going to inverse very soon. When the reading is at its lowest, it signals that the market is going to change. The 200 days MA is primarily the aggregate of the closing prices for the last 200 days. Investors and crypto- traders rely on MA as it represents a lift-off, hence providing trading signals.

Twitterati Valerust Kus says that:

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“The moment of truth when a CNBC pundit trying hard to shit on bitcoin claims that it’s correlated to stocks. Pantera Capital replies: correlation = 0.2%. ONLY 0.2% Got it??”

Another Twitterati, John Delirious believes:

“Hey CNBC news how about never post about bitcoin again. You know exactly what you’re doing and how #bitcoin reacts to the news. SMH! Dirty..”

Pantera also reasoned stating:

“To put a little empirical evidence behind the assertion …. Better-than-average day to buy cryptocurrency: if you invested $100 on the day that the bitcoin price crossed below its 200-day moving average and sold a year later, your total return would be 285%. Buy low, sell high.”

Roman Daszkiewicz‏ tweeted:

“It’s been a vertical line for 8 years” Classic! The calm tonality as he rolls that line out it priceless … @CarpeNoctom”

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Bitcoin Cash (BCH): Exclusive Marketplace & Hard Fork The Next Major Catalysts

This might have escaped you, but Bitcoin Cash (BCH) will soon have a platform that will exclusively pair it with fiat and other cryptocurrencies for trading. The event was previously expected around mid-April but a new rumor claims it will come online on April 30, via the efforts of a Cyprus-based startup.

This might have escaped you, but Bitcoin Cash (BCH) will soon have a platform that will exclusively pair it with fiat and other cryptocurrencies for trading. The event was previously expected around mid-April but a new rumor claims it will come online on April 30, via the efforts of a Cyprus-based startup.

Hello Group, the company that announced this initiative earlier in the year, is set to build a marketplace dedicated to BCH. What this means is that Bitcoin Cash will get priority in being paired with other crypto assets.

Bitcoin Cash will likely be even bigger in the next couple of weeks. Its price that is looking to top $1000 at the moment could go wild. Bold projections are already putting it beyond the $1500 level. As the market tries to consolidate, BCH investors should brace themselves to dig in and await higher returns.

When was this announced? Well, it goes all the way back to the beginning of the year. In January, the Hello Group team acquired the domain Bitcoincash.io and revealed that they would be developing the platform specifically for BCH/CRYPTO pairs.

According to the report,

“Acquired at the beginning of the year Bitcoincash.io domain is planned to be a marketplace platform focused on BCH and is coming online on April 30.”

The item may not be hot news at the moment, but it will get a lot of airtime beginning of next week.

The Hello Group had indicated that they’d be launching the Alpha release for the site on by the end of April. With the new site in place, Bitcoin Cash will get more visibility as Cyprus is a country with a significant crypto following.

It is expected that investors will access a number of services that are likely to further their interest in crypto trading. One of the main attractions of the site will be its free of charge services. On the platform, users will get cryptocurrency live feeds, in-depth historical data, and updates on related events and trends. Essentially, account holders will have an avenue to interact with the system without the interference of an intermediary.

In other news, Bitcoin Cash will have its planned hard fork on May 15, 2018, as had been indicated as early as 2017. When 7 Bitcoin Cash developer teams met in London sometime in November 2017, they all agreed on one thing. It was a decision to hard fork the crypto in 2018. At the time, leading development team ABC said that:


“Our top priority for Bitcoin Cash is to keep improving it as a great form of money. We want to make it more reliable, more scalable, with low fees and ready for rapid growth. It should ‘just work,’ without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”

Well, that fork will take place on May 15, followed by yet another in November. Together with Bitcoin Unlimited, the teams want to introduce upgrades that could make BCH better than even Bitcoin. Apart from the expected change to the block size, the upgrade will readjust it to be “adaptive”, the teams will also try to reduce block intervals down to about 2.5 minutes. However, one feature on the cards could be a game changer for BCH and the crypto community.

The hard fork is intended to reactivate some apparently disabled opcodes in the original Bitcoin code. The OP_GROUP opcode seeks to find ways of establishing tokens on the Bitcoin Cash network. These should work like the ERC-20 token standard on the Ethereum network.

If such comes out during the upgrade, the BCH network could be set for fast-paced growth. It would lay the ground for the crypto to establish a stronger footing, competing directly with Ethereum. This is massive potential being laid forth for Bitcoin Cash (BCH). Expect prices to skyrocket by the end of Q2.

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Blockchain Startup Digital Asset Launches Developer Program For DAML

Blockchain startup Digital Asset has launched a developer program built around its enterprise smart contract language, DAML (Digital Asset Modeling Language). DAML is a smart contract language specifically designed for use in distributed ledger applications that align financial business processes …

Maricel Custodio

Blockchain startup Digital Asset has launched a developer program built around its enterprise smart contract language, DAML (Digital Asset Modeling Language).

DAML is a smart contract language specifically designed for use in distributed ledger applications that align financial business processes between organizations. Relative to other languages, the company said DAML’s design reduces the risk of developer automation errors and guarantees the integrity and confidentiality of a shared, trusted record of value transfer.

The new program will provide developers with tools and training so that they can use DAML to model sophisticated, multi-party applications that run on the Digital Asset platform. It will also provide access and training for the DAML Software Development Kit (SDK), a suite of tools to accelerate application development.

A number of Digital Asset’s partners and clients, including Accenture, GFT, IntellectEU, ASX, ABN AMRO, and The Depository Trust & Clearing Corporation (DTCC) have already joined the private beta of the developer program. More than 100 developers at partner and client organizations that participated in the beta phase have already been trained.

“Our clients and partners can now independently build applications for the Digital Asset Platform,” said Blythe Masters, CEO of Digital Asset. “DAML is the only smart contract language tested at the scale needed for a national market infrastructure replacement project. By opening access to a wider range of participants we are extending the application ecosystem around the Digital Asset Platform and empowering our customers to innovate.”

“Working with DAML has allowed our developers to build applications quickly and easily without having to worry about the underlying complexity of the distributed system, manually manage data segmentation, or rely on cryptography for privacy,” said Hanna Zubko, CEO of IntellectEU. “By partnering with Digital Asset, we at IntellectEU can serve our clients faster utilizing secure smart contracts.”

Founded in 2014, Digital Asset is a provider of enterprise distributed ledger solutions. It has more than 140 employees working and serving global clients from New York, London, Zurich, Budapest, Sydney and Hong Kong. In 2016, the firm became a founding premier member of the Linux Foundation’s open source initiative, Hyperledger, to drive the adoption and standardization of distributed ledger technology. In 2017, the company partnered with the Australian Securities Exchange to help the ASX replace its post-trade infrastructure for cash equities with blockchain technology.

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Moving blockchain away from cryptocurrencies: An interview with Billon CEO Andrzej Horoszczak

For many people, blockchain is indelibly linked to cryptocurrencies it is set to disrupt the established international financial order. But, is large-scale disruption actually beneficial to the individuals and companies that rely on the international payment system everyday? Billon wants harness the …

For many people, blockchain is indelibly linked to cryptocurrencies it is set to disrupt the established international financial order. But, is large-scale disruption actually beneficial to the individuals and companies that rely on the international payment system everyday?

Billon wants harness the transformative power of blockchain to provide secure and regulated environments for electronic currency transfers, all whilst remaining fully compliant with KYC and AML procedures.

In short, the goal on Billon is to process and transact real currencies within the regulated financial system using blockchain technology.

I sat down with Billon CEO and founder Andrzej Horoszczak at BlockchainExpo 2018 in London (please note that the sound quality improves DRASTICALLY at 00:38, you can even see me remember to turn my microphone on).

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Crypto Market Hits 5-Week Highs with Ripple Growing by Nearly 20% and Bitcoin Cash Heading to …

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading …

The positive momentum is back in the crypto markets as the market valuations have now hit a new five-week high on the charts. The crypto market valuations which were seen just below the $350 billion for over a week have crossed this sentimental barrier and is now trading at $365 billion valuations.

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading at $575. In the last 24-hours, Ripple has recovered by 20% and is currently trading at $0.84 whereas Bitcoin Cash has posted over 10% gains and is currently trading just short of $1000, at $981.

In the past seven days, although Bitcoin has been relatively stable, the price of the altcoins has moved forward consistently. Also, it was for the first time in April that the trading volumes have crossed $20 billion.

Bitcoin Cash Gains Ahead of the Hard Fork

The first Bitcoin derivative – Bitcoin Cash (BCH) has today posted a solid recovery of over 10% climbing close to the $1000 mark in the anticipation of the hard fork likely to take place next month. With today’s rise, Bitcoin Cash has shown a 60% recovery from is low of $603 on April 6, earlier this month.

Sebastião Coelho, CMO of Flashmoni, a blockchain company creating financial solutions for the unbanked and underbanked, said that one of the biggest challenges that cryptocurrencies are facing for their rising adoption is the scalability issue. Coelho said: “Before we see mass adoption of cryptocurrencies, we need to see a significant reduction in the time it takes to process transactions.”

Bitcoin Cash was created in August 2017 as a result of the hard fork in the Bitcoin blockchain network. Bitcoin Cash offers larger block size of 8MB against the 1MB block size in the Bitcoin network. The upcoming hard fork that is scheduled for May 15 is expected to have a block size of 32MB while expanding its capacity for processing more number of Bitcoin transactions.

Additionally, the network update is expected to bring several operations codes says James Song, founder and CEO of blockchain startup ExsulCoin. He further added: “This means simplified smart contracts will be possible on the bitcoin cash blockchain. This particular bit of news is what is driving market excitement around bitcoin cash.”

Morgan Stanley Analysts Say Miner Losing Money with Bitcoin Below $8600

Although Bitcoin has gained more than 25% since the beginning of April, a new report by Morgan Stanley analysts shows that it fails to recover above $8600 it will turn out to be unprofitable for the miners to continue with the mining activities.

A report by equity analyst Charlie Chan and his team notes: “We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h). Therefore, we think the Bitcoin mining hardware demand and price will decline further and affect TSMC’s wafer demand.”

The Taiwan Semiconductor Manufacturing (TMSC) has lowered its 2018 revenue guidance to 10% growth instead of the 10-15% as projected earlier as a result of the growing uncertainty in the cryptocurrency mining demand.

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