Bitcoin, Ethereum, Ripple Down 10%

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. On Christmas Eve, December 24, the price of leading cryptocurrencies fell by large margins. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, along with every other cryptocurrency in the market with the exception of a few have declined substantially in value. Out of the 10 most valuable cryptocurrencies in the market, Bitcoin Cash and Ripple have recorded the largest losses, falling by 18 percent and 17 percent respectively. The two cryptocurrencies have also surged in value earlier this week,…

Israel Government Considering National Cryptocurrency

Following in the footsteps of Russia and Dubai, Israel is considering offering a national cryptocurrency – a digital shekel – which would correspond in value to physical shekels. According to the sources close to the Finance Ministry, Israel’s black market is approximately 22 percent of the country’s gross domestic product. A digital currency, registered with the government of Israel, would make black market transactions less possible. Additionally, per the news source, the government is considering legislation that would substantially reduce the amount of physical cash in the economy. For example,…

Crypto Markets Are Broken

Cryptocurrencies have captured international attention this year. Although trading currency is nothing new, it certainly feels like an ancient concept being renewed by novel technology. The rapid price increase of almost all digital tokens, which is most noticeable in Bitcoin’s 1,600 percent improvement this year, and their surprising integration into mainstream investment markets through futures contracts, has made crypto trading an appealing pursuit for many investors. In fact, with a total market cap of more than $400 bln, crypto trading is becoming one of the hottest investment opportunities available. Unfortunately,…

I Try to Make Everything Simple For the Community, Founder of Orioncoin

Cointelegraph continues publishing interviews with prominent guests of BlockShow Asia 2017, that took place in Singapore in November 2017. Woanjen Tang is an experienced asset manager. After completing a Bachelor of Civil Engineering with Ryerson University, Woanjen returned to Malaysia to hone his multinational business management experience. Projects under his leadership flourished at a commercial and residential real estate brokerage. Upon his exit from real estate, he went to Canada, where he founded Orioncoin Computing Corporation. Cointelegraph talked to Woanjen Tang, founder and CEO of Orioncoin about new startups, traveling…

What NASA, Uber, and Blockchain Startups Have in Common

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In November 2017, it was announced that Uber and NASA have partnered to begin developing a pilot project for air taxis. Coined Uber “Elevate”, the service is expected to have a similar base fare as Uber “X”, creating a new ecosystem for passenger commuting and travel. On first thought, the idea of flying cars and commuter drones seems out of sight. The reality is that the first manned drone flight has already been successfully completed. In May 2017, California-based…

Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive

Pineapple Fund has donated $1 mln in Bitcoins to the Internet Archive this Saturday. Pineapple is a Bitcoin-only charity established in early December 2017, whose ultimate goal is to give $86 mln worth of Bitcoin to various nonprofit organizations. For early adopters, Bitcoin’s massive rise in value has been a remarkable ride from rags to riches, and some are now deciding to give back. The Pineapple Fund has been launched by an anonymous person who goes by the username /u/PineappleFund on Reddit. The donor has created a website to issue…

BitPay Will Not Process Bitcoin Payments Below $100 Due to High Fees

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. BitPay, one of the largest bitcoin payment processing platforms for online merchants, will no longer process payments below $100 due to rapidly rising bitcoin transaction fees. No More $100 Transactions Over the past few months, the size of the bitcoin mempool has increased to more than 100 million bytes and the number of users, average transaction per day, and user activity increased exponentially. As a result, given the lack of adoption of Segregated Witness (SegWit) and the…

Buy, sell, send and receive Bitcoin Cash on Coinbase

We’re excited to announce that customers will be able to buy, sell, send and receive Bitcoin Cash on Coinbase. You can read more about Bitcoin Cash on our FAQ page. Sends and receives are available immediately. Buys and sells will be available to all customers once there is sufficient liquidity on GDAX. We anticipate that this will take a few hours. See our update below. Our customers should benefit from forks Coinbase operates by the principle that our customers should benefit to the greatest extent possible from forks or other networks…

Bitcoin Cash Price Weekly Analysis – BCH/USD’s Upsides Remain Capped

Key Points Bitcoin cash price traded sharply lower and moved below the $2000 support against the US Dollar. There is a major bearish trend line forming with current resistance at $3000 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair might continue to struggle to move above the $3000 level in the near term. Bitcoin cash price is under pressure and is below $3000 against the US Dollar. BCH/USD may continue to face sellers on upside near $3000 and $3200. Bitcoin Cash Price Resistance After a solid…

Bitcoin Price Weekly Analysis – BTC/USD is Under Bearish Pressure

Key Points Bitcoin price made a sharp downside move and traded below the $12,000 support against the US Dollar. There was a break below two important bullish trend lines with support near $17,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is currently recovering, but it is facing a major resistance near the $15,500 level. Bitcoin price declined sharply toward $10,000 against the US Dollar. BTC/USD is currently recovering, but it is facing a lot of selling pressure. Bitcoin Price Resistance After a great upside run…