Bitcoin Price Watch; Closing Out The Week On A High

Source : Bitcoin Price Watch; Closing Out The Week On A High So that’s another day complete in our bitcoin price trading efforts and with it the week has drawn to a close. There has been much to talk about across the sessions this week and we’ve had plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy […] The post Bitcoin Price Watch; Closing Out The Week On A High appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

Bitcoin Cash Surges as Businesses Abandon Legacy BTC

Source : Bitcoin Cash Surges as Businesses Abandon Legacy BTC Bitcoin cash is enjoying a new lease of life as major figures throw their weight behind the chain. In the wake of the abortive Segwit split, neither bitcoin nor B2x has prospered, with the latter failing to materialize and the former dropping below $6,800 for the first time in 10 days. BCH, meanwhile, hit $866 earlier today. See also: Bitcoin Cash Markets Remain Resilient As the Network’s Upgrade Approaches All Aboard The BCH Express As the elation, anger, and acrimony over Segwit2x has started to settle, focus has returned to the seemingly intractable problems of bitcoin scaling and transaction fees. Given the difficulty of attaining consensus for developments of the bitcoin network, many have grown frustrated by the stalemate, with widespread Segwit adoption and Lightning Network implementation still months or years away. With bitcoin currently unsuitable for transactions under $100 due to high fees, various businesses and public figures have expressed their preference for a cryptocurrency more suited to everyday use. For some, this has meant looking to the world of altcoins, where the likes of Litecoin and Dash beckon. For those keen to stick with the bitcoin brand, however, bitcoin cash looks increasingly attractive. One member of the Openbazaar team tweeted: Hearing lots of great things about @BitcoinCash $BCH today. Many developers and businesses seem better aligned with the vision now that 2x has failed. The team running the P2P marketplace have every reason to be extolling the virtues of bitcoin cash, having announced that they’ll be accepting BCH on account of its cheaper fees along with zcash. As businesses have wrestled over what to do with a legacy bitcoin that’s becoming increasingly un-transactable, the BCH team have wasted no time in wooing defectors, stating: BTC’s utility continues to decline. Watch as businesses adopt BCH. One public figure who has thrown his weight behind BCH is Pirate Party founder and bitcoin maverick Rick Falkvinge, who declared: “With recent developments, I’m putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I’m far from alone.” He later added: “I’m moving my development effort to Bitcoin Cash, as Bitcoin Legacy now has hit a brick wall and needs to be dropped like a bad habit. I have no real reason to move the coins.” One Coin to Rule Them All The Bitcoin Cash market has surged over the last 24 hours, with volume exceeding $2.5 billion, 57% of which was trading against the Korean won. Much of the fevered interest in BCH will simply have been market sentiment, fueled by the growing consensus that the legacy bitcoin chain is ill-equipped to handle growing volume. It would be speculative at this stage to suggest that BCH is gearing up for its own version of The Flippening, when Ethereum believers thought their coin might actually overtake bitcoin to become The One True Coin. Make no mistake though, if BCH’s most ardent supporters have their way, not only will bitcoin cash …

Plus…Bitcoin Cash Surges as Businesses Abandon Legacy BTC

Bitcoin Price Watch; Closing Out The Week On A High

Source : Bitcoin Price Watch; Closing Out The Week On A High So that’s another day complete in our bitcoin price trading efforts and with it the week has drawn to a close. There has been much to talk about across the sessions this week and we’ve had plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy as price has moved in various directions. We’ve got the remainder of the US session ahead of us, during which we’d love to pocket another couple of wins to close out the week on a strong high. Whether the markets will allow this remains to be seen, of course – we can’t just jump in and out because we want to, we have to wait for some signals – but if action today is anything to go by, there’s a good chance we’ll get at least one opportunity to enter. So, with this noted, and for the final time this week, here’s a look at what we are going for in the bitcoin price this evening with some key levels to focus on going forward. As ever, take a quick look at the chart below before we get started so as to get an idea what’s on and where things stand right now. It’s a one-minute candlestick chart and it’s got our key range overlaid in green. As the chart shows, the range we are looking at for the session today is defined by support to the downside at 6718 and resistance to the upside at 6853. We are initially going to look for a close above resistance to validate an upside entry towards a target of 6890. Looking the other way, a close below support will have us in short towards 6680. Stop losses on both positions just the other side of the entry in both instances will ensure we are taken out of the trade in the event of a bias reversal. Let’s see how things play out. Charts courtesy of Trading View The post Bitcoin Price Watch; Closing Out The Week On A High appeared first on NEWSBTC.

Neuromation Won a Prize on d10e in Gibraltar

Source : Neuromation Won a Prize on d10e in Gibraltar Malaga, Spain — Neuromation became a winner at the d10e in Gibraltar, also receiving third place and one third of the $100,000 prize pool — $33,000 from the judges of the investors conference. Constantine Goltsev, founder of Neuromation and David Orban, advisor, received an award. It’s Neuromation’s second win at the d10e international conference, which was held in September in Kiev, Ukraine. Following this, David Orban, an investor, entrepreneur, author and thought leader of the global technology landscape, as well as a member of faculty of the Singularity University, became advisor to d10e has been the leading conference on decentralization since 2014. Past editions were hosted in Amsterdam, Bucharest, Kyiv, San Francisco, Singapore and Tel Aviv. The main focus was to explore the Future of FinTech, ICOs, Blockchain, Sharing Economy, Future of Work & Disruptive Culture. Neuromation is a platform that helps to meet datasets, computer power and machine learning models. The Neuromation Platform will use distributed computing along with blockchain proof of work tokens to revolutionize AI model development. The Neurotoken pre-sale was launched on October 25, just after the announcement of the partnership with Hacken, aimed at auditing and improving the security of the code and cloud infrastructure.In addition to this, TaaS fund also partnered with Neuromation. Tokens issued during the pre-ICO phase will be offered with a 25 per cent bonus in Neurotokens for investors who register through the whitelist. The Token sale will be held on November 28, 2017 – January 1, 2018. The total amount of placement is 60,000,000 Neurotokens, with a capital target of around $17M. No additional tokens will be issued afterwards, and all unsold tokens will be burned. The project’s white paper. _________________________________________________________ More about Neuromation: Headquarters: San Francisco, CA Year founded: 2016 Video of Neuromation: Our technology is crucial in making Deep Learning-based systems useful as they are taken up by industry in the real world. With Neuromation, the future has arrived, in which computers teach computers to perceive. Our strategy is not to develop our platform in isolation, but to work with partners in select industries in order to try to bring our vision organically to life. We are developing “Neuromation Labs” that would develop synthetic data and train deep learning models on live applications. Each lab, such as the Retail Automation Lab, Industrial Automation Lab, Pharma/Medicine/Biotech Lab,  will study a specific problem in a partnership with a category leader. As our platform is fleshed out we will be moving parts of generation and training there, allowing us to organically test parts of our vision in real-life scenarios. The Labs will seed the Neuromation Platform market with initial data generators and data sets. We will also encourage our Labs partners to transact further services through the platform- thus building the initial market for these services. Neuromation is changing AI as we know it Neuromation is at the absolute forefront of AI, offering businesses a unique and complete solution …

Plus…Neuromation Won a Prize on d10e in Gibraltar

How Bitcoin Price Could Reach $10,000 by the End of 2017

Source : How Bitcoin Price Could Reach ,000 by the End of 2017 Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RT’s Max Keiser firmly believe that the bitcoin price could achieve the $10,000 mark in the short-term. As Novogratz told CNBC: “I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over $10,000.” SegWit2x Out of Sight, Institutional Investors Rushing In The basis of the $10,000 interim price target of leading analysts and investors like Keiser and Novogratz are based on the entrance of large-scale institutional and retail traders into the bitcoin market. Analysts predict that the launch of bitcoin futures exchanges by CME Group and CBOE, two of the largest options exchange in the world by trading volume, would drastically increase liquidity for institutional and retail traders, potentially leading to tens of billions of dollars being invested in bitcoin in the short to mid-term. It is important to acknowledge that the liquidity of bitcoin has increased significantly over the past few months, with only a handful of multi-billion dollar institutional investors and hedge funds in the bitcoin market. The daily trading volume of bitcoin is on par with Apple (NASDAQ: AAPL), the most liquid stock on earth, at around $3.4 billion. The SegWit2x hard fork, which was supposed to occur on November 16, was canceled by its supporters and leading businesses including Blockchain, Xapo, ShapeShift, and BitGo. SegWit2x presented uncertainty to investors and traders within the bitcoin market, given that a sell-off from B2X dividend-expecting investors was a certainty. Several analysts expected a drop of around 10 percent. Upon the cancellation of SegWit2x, the price of bitcoin surged to a new all-time high at $7,900, prior to plunging to $7,200. But, the major correction that occurred on November 9 should be seen as a positive indicator for the short-term growth of bitcoin, given that the major correction or sell-off from B2X-expecting investors had already occurred and it barely impact the price trend of bitcoin. Bitcoin Futures and Mainstream Adoption of Bitcoin in Japan Will Push Price to $10,000 A price target of $10,000 by the end of 2017 is a possibility that cannot be ruled out, considering that the US market, the second largest bitcoin market with over 25 percent market share, is extremely optimistic in regards to the futures exchange launch of CME and the impact it will have on the bitcoin market in the long run. Additionally, as NewsBTC reported earlier today, Japan has been experiencing a rapid mainstream adoption of bitcoin and the cryptocurrency market, triggered by the Japanese government’s practical regulatory frameworks and the implementation of bitcoin as a payment method by leading conglomerates. If the Japanese and US markets continue to perform at the current pace in the upcoming months, $10,000 is a likely short-term target. The adoption of SegWit by major bitcoin businesses like BitGo could also act as a minor factor in shaping the upward momentum of …

Plus…How Bitcoin Price Could Reach $10,000 by the End of 2017

Bitcoin Price Sinks Below $6,800 as Bearish Trend Becomes More Prevalent

Source : Bitcoin Price Sinks Below ,800 as Bearish Trend Becomes More Prevalent A lot of people are keeping a close eye on the Bitcoin price right now. Unfortunately, things are not heading in the direction most enthusiasts would like to see. With the SegWit2x frustration still pretty visible in the community, the Bitcoin price is taking a serious beating as of late. Over the past 24 hours, the price has dropped below $7,000 once again It is unclear how things will evolve from here on out, but more bearish momentum is not out of the question. Bitcoin Price Leaves the $7,000 Range The year 2017 has been incredibly bullish for the Bitcoin price and this trend is still pretty much intact. Right now, things look a lot different for most people who fail to see the bigger picture. With the Bitcoin price falling below $7,000 for the first time in over a week, things are looking a bit worrisome. It is possible the Bitcoin price will recover pretty quickly, though, but no one knows for sure how things will play out in the coming days and weeks. Over the past 24 hours, the Bitcoin price has taken a rather big nosedive out of the blue. Ever since the SegWit2x cancellation plans have been made public, people assumed there would be some form of Bitcoin price correction. Even though the fork will still happen on the 15th as originally planned, it will seemingly have a much smaller impact compared to what people would expect. The displeasure of not getting free coins will annoy a lot of people, which is only to be expected. That being said, the Bitcoin Gold fork will go live tomorrow, although the snapshot of the blockchain required to claim free coins has been taken a few weeks ago. There is no real reason to keep inflating the Bitcoin price now due to expectations of free airdrops. An interesting situation, although an annoying one as well. With $3.735bn in 24-hour trading volume, the demand to buy and sell Bitcoin is still there right now. Unfortunately, it seems most of the volume is made up of sales rather than actual buys. As we have seen in the past with Bitcoin, such a situation can change pretty quickly without any major problems. Whether or not the Bitcoin price will start moving up again over the weekend, remains the big unknown factor for the time being. After all, weekends are notorious for unusual trading activity in every possible way. Surprisingly, Bithumb is not the leading exchange for Bitcoin trading volume right now. They pretty much dominate all major altcoin markets right now, although they are still in second place for the Bitcoin trading volume. Bitfinex is clearly in the lead, although their $58m lead over Bithumb could melt like snow in the sun a lot quicker than people expect. An interesting situation to keep an eye on over the coming hours, that much is certain. In the end, the aspect …

Plus…Bitcoin Price Sinks Below $6,800 as Bearish Trend Becomes More Prevalent

The Only Winner in the Mt Gox Trial is Mark Karpeles

Source : The Only Winner in the Mt Gox Trial is Mark Karpeles The net worth of Mark Karpeles could run into the hundreds of millions of dollars thanks to a 200,000 stash of bitcoins the disgraced CEO is still sitting on. Those coins are the subject of ongoing legal proceedings in Japan which could see claimants receive less than $500 per coin for their losses. With over $1.4 billion worth of bitcoins on the line, the beleaguered Mt Gox boss has been the subject of fresh vitriol. Also read: Mark Karpeles Open Letter to Coinlab Looks to Settle Lawsuit for $5M Mark of the Devil Mt Gox: two words that many early bitcoin adopters still shudder to hear. One of bitcoin’s most notorious bête noires, Mark Karpeles has been persona non grata ever since the exchange collapsed in 2014. Since then, customers who lost their holdings in what was the world’s largest bitcoin exchange have been pursuing Karpeles and his failed company through the courts. Mt Gox famously shut down after conceding that 850,000 bitcoins had been stolen, but later ‘discovered’ 200k of them in the manner that one might discover some spare change down the back of the sofa. The ownership of these bitcoins is hotly disputed, with former customers of the exchange adamant that this stash belongs to them and insisting that they should be recompensed to the fullest extent possible. At present however those coins are under the control of a company overseen by none other than Mark Karpeles. With bitcoin having risen approximately 17 times in value since the Mt Gox days, Karpeles theoretically has enough funds to pay back every customer who lost out – but only to the original dollar value of their lost bitcoins. Stash and Crash The bumbling CEO of Mt Gox repeatedly lost thousands of bitcoins due to hacks, incompetence and deception during his tenure. Remarkably though, Karpeles seems to have had no trouble in clinging on to the remaining 200,000 bitcoins for the last three years. With bitcoin now north of $7,000, Karpeles is in no hurry to relinquish his remaining stash if he can help it. In court, the Frenchman stated that it is common practice for bankrupt companies to sell off their assets at a large discount. This raises the possibility of large tranches of the coins being dumped onto the market by liquidators. The prospect of this impacting market prices, however, seems unlikely. Such concerns were raised after the FBI seized 144,000 bitcoins from Silk Road boss Ross Ulbricht in 2013, at a time when the bitcoin markets had much less liquidity. The feds eventually auctioned off the coins, including one batch of 44,000 bitcoins, which made their way back into circulation without incident. Living the Good Life During his tenure at Mt Gox, Mark Karpeles grew accustomed to living the good life, splashing the cash on personal indulgences and vanity projects. Prosecutors assert that as much as $3 million of customer funds was lavished on servicing …

Plus…The Only Winner in the Mt Gox Trial is Mark Karpeles

Capital Markets Sector Disrupted by Ethereum-Based Platform

Source : Capital Markets Sector Disrupted by Ethereum-Based Platform Sharpe Capital, a company using neural networks and machine learning modelling algorithms to look for predictive patterns in financial data, has developed a ‘Global Sentiment Index’. By crowdsourcing market sentiment from users with proven a reputation and stake, Sharpe Capital will link automated mathematical analysis and human perceptions of the market to disrupt the capital markets sector, and will be paying certified contributors to its platform for their opinion in Ether. Following a successful preliminary period with a $8 million whitelist, Sharpe Capital has launched its SHP token sale until the 15th of February 2018, with a hard cap of $20MM USD. Token buyers will get to vote on blockchain assets and fiat stocks and bonds when the crowd sale ends. Depending upon how often they vote, how accurate their predictions are, and what proof-of-stake they demonstrate, SHP token holders get paid monthly for their effort. Dr. James Andrew Butler, co-founder and Chief Investment Officer of Sharpe Capital, commented: “We are one of the few blockchain-driven organisations backed by a working product that will be available to use even before the crowd sale ends. SHP owners earn monthly ETH payments in exchange for insight on blockchain assets and the stock market,” Throughout the SHP token sale, SHP token buyers will be able to receive discounts on their purchase of between 10 and 30% as 150 million SHP tokens are distributed. The Sharpe Platform beta will be available for SHP token holders to use from mid-December 2017, with the first ETH payments to users made in January – before the token sale has concluded. In addition, Sharpe Capital is showcasing its prototype mobile application for the Sharpe Platform, which will be launched in early 2018. Payments in ETH will be issued monthly, beginning in January, to test and refine the mechanics. Sharpe Capital’s partners include TaaS (Token-as-a-Service) – a tokenized closed-end fund dedicated to blockchain assets, and AmaZix – an ICO consultancy service. After extensive user testing and consumer feedback, Sharpe Capital will launch its sentiment platform on the Ethereum main net, issuing Ether payments at the end of Q3. In approximately one year, Sharpe Capital will host a 48 hour Hackathon, where attendees will build, test and deploy investment models and automated trading strategies on the Alpha modelling platform. By 2019, Sharpe Capital plans to issue a derivative token instrument incorporating data from the platform with machine learning driven trading algorithms.

Bitcoin Price Watch; Here’s What We Want To See Today

Source : Bitcoin Price Watch; Here’s What We Want To See Today The week is pretty much over now and it’s time to take a look at how action over the last three or four days has brought us to where things trade right now in the bitcoin price in an attempt to try and figure out a strategy moving forward into the European session today and, beyond, into the late US session this evening. Anybody who has been with us all week will know that we have relished in the volatility that price has presented us this week, given the fact that said volatility often serves up plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy. However, it can be a double-edged sword. Sometimes, when we get volatility like this, it is choppy enough to mean that we get repeated stop loss hits and – in turn – get pushed out of the market frequently. So, the hope is that we will see continued volatility but also some sustained momentum post-breakout, which will allow us to clear some nice trades as the session matures today. With this in mind, let’s get some levels in place that we can use going forward. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets according to the rules of our intraday strategy. It is a one-minute candlestick chart and it has our range overlaid in green. As the chart shows, the range we are looking at for the session today comes in as defined by support to the downside at 7180 and resistance to the upside at 7234. We will enter long on a close above resistance towards a target of 7260. Conversely, we will enter short towards a downside target of 7130 if we see a close below support. Stops on both positions will ensure we are taken out of the trades if things turn against us. Charts courtesy of Trading View The post Bitcoin Price Watch; Here’s What We Want To See Today appeared first on NEWSBTC.

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