Bitcoin Shorts Skyrocket, Eth Longs Near All Time High
A hidden wall at Bitfinex appears to have caused much speculation in the markets with reports suggesting some $63 million worth of 10,000 bitcoins were bought through limit orders starting at around $6,439. This seems to have led, in part, to a spike in Bitcoin shorts which now stand near all time highs, with thousands of bitcoins added to shorts within hours. It is unclear whether this is related to Tether recently printing $50 million worth of USDT, or whether it has something to do with the expiry of CBOE bitcoin futures today. It might otherwise simply be whales making bets after bitcoin briefly fell to $5,700 before swiftly recovering somewhat to now $6,300. This piece was obtained by us on January 08, 2019 8:50 PM. Have a look at www.trustnodes.com for more from this source.
Bitcoin Cash Processed 277 Tx/s, More Than PayPal, Five 32MB Blocks Mined, BU Nodes Crash
Bitcoin Cash has processed 830,000 transactions in five blocks, with each block containing circa 166,300 transactions, translating to a current capacity of 277 transactions per second. That?s more than PayPal, which handles about 200 transactions a second, with this showcasing the highest level of capacity so far by any decentralized Proof of Work (PoW) based public blockchain. The network overall handled it well, but about 300 Bitcoin Unlimited (BU) nodes out of circa 720 were unable to keep up. The problem there was higher levels of memory demand for BU nodes due to a change made recently. Andrew Stone, lead dev of BU, says: This data was found by us on January 08, 2019 8:50 PM. Visit www.trustnodes.com for more from this source.
Are Bitcoin and Ethereum at a Tipping Point
Bitcoin was trending yesterday on Google Searches with the currency being in the top five words Americans were looking for, attracting more than 200,000 enquiries. Ethereum was not far behind, ranked around the 16th. This is the first time a digital currency has made it to Google trends, a place usually reserved for the latest blockbuster movie, hottest song, or a nationwide political event. As such, is Bitcoin and Ethereum now at a tipping point? The level of interest both currencies have been attracting in the past two months has been the highest ever. Ethereum has increased in market cap from $1 billion to $17 billion, overtaking Twitter. Bitcoin has doubled in price, rising to an astonishing current trading price of $2,240. This piece was discovered by us on January 08, 2019 8:50 PM. Browse www.trustnodes.com to find more similar content.
BitPay Merchants Can Now Start Accepting Bitcoin Cash Payments
More than 100,000 BitPay merchants, including Microsoft, Zynga, Virgin Galactic and others, can now start accepting Bitcoin Cash payments following its full integration in all of BitPay?s services. BitPay has not yet made an official announcement on the matter, but merchants have already started accepting Bitcoin Cash through the crypto payments processor. One of them is eGifter, a gift cards shop through which you can somewhat indirectly buy pretty much anything at household brands such as Apple and Amazon with bitcoin cash. ?It just went live yesterday with BCH,? someone who noticed it publicly said. ?Find something you like. Run it through checkout and you?ll see the most important evidence there is, BCH enable at checkout.? This article was discovered by us on January 08, 2019 8:50 PM. See www.trustnodes.com to find more similar content.
Bitcoin Cash to Get Tokens by Forking Omni Layer
Bitmain, the biggest crypto miner and Asics manufacturer, has forked Omni Layer into a Wormhole protocol to provide the same functionality for Bitcoin Cash. Omni Layer allows for the creation of new tokens that run on top of bitcoin, such as Tether, through the use of Op_Return. In their specifications, Omni says: ?Bitcoin has some little-known advanced features (such as scripting) which many people imagine will enable it to perform fancy new tricks someday. The Omni Protocol uses exactly NONE of those advanced features, because support for them is not guaranteed in the future, and the Omni Protocol doesn?t need them to embed data in the block chain. This post was first found by us on January 08, 2019 8:49 PM. Check out www.trustnodes.com for complete listings from this source.
Ethereum Nodes Are "Much More Decentralized" Than Bitcoin Says New Study
A new comparative peer-revieed study on the levels of decentralization in bitcoin and ethereum finds that ?the full node distribution for Ethereum is much more decentralized.? The Cornell team, including Adem Efe Gencer, Soumya Basu, Ittay Eyal, Robbert van Renesse, and Emin Gün Sirer, further finds ethereum has fairer variance, facilitating smaller miners. Thus potentially incentivizing a higher level of miner decentralization. Studying node distribution through ping latency, measuring how long a node would take to respond to a ?command,? the study finds: ?Only 13% of Ethereum latencies are under 100ms, while Bitcoin has a surprisingly high 46%. Additionally, the estimated peer-to-peer latency between Ethereum nodes is 26.7% higher than Bitcoin on average. This piece was first found by us on January 08, 2019 8:49 PM. Browse www.trustnodes.com for more from this source.
650,000 ETH Betting on Bitfinex, $100 Million Worth of Bitcoin Shorts Added
Not far off from close to 1% of all ethereum?s supply is currently betting long or short on just one exchange as it appears bulls and bears have declared a war of sorts. ?264,000 eth bears are betting short right now. Making it the highest level of shorts ever seen by eth, with about ?50,000 added just in the past 24 hours. As bear rage climbs up the stairs, bulls are piling up on ammo, with green candles reaching the stratosphere, putting Musk and his Mars mission to shame. An incredible ?414,000 longs were waving the flag before ?70,000 of them gave up. For those who somehow lost their way to these pages, that means 70,000 eth was sold by longs closing or getting margin called. This item was first seen by us on January 08, 2019 8:49 PM. Have a look at www.trustnodes.com for additional posts.
Bitcoin Headed to $6,000 Says This Weeks Crypto Technical Analysis
The weekly Technical Analysis, published every Wednesday, is provided by Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Needless to say, all statements and views expressed below and any forecasts contained herein are based on the authors? particular opinion. This analysis may not be treated as trading advice. RoboForex and Trustnodes bears no responsibility for trading results based on trading recommendations and reviews contained herein. On H4, Bitcoin managed to break out the ascending channel support, which changed the trend and moved the price into the lower projection channel, equal to the previous channel range. This post was first seen by us on January 08, 2019 8:49 PM. Browse www.trustnodes.com to find more similar content.
Bitcoin Cash Mines a 13MB Block
The biggest block ever, by any public blockchain, has been mined today with some 10% of eth?s all daily transactions, at around 60,000 txs, included in just one block of more than 13 megabyte. Bitmain?s BTC.com mined the block today at around 2PM London time as Bitcoin Cashers stress test their network to see just how much capacity it can really handle. As can be seen, Bitcoin Cash mined a number of pretty big blocks, with the second biggest so far being a 10MB block by Craig Wright?s BMG Pool. BMG and Coingeek appeared to have a soft limit of 2MB for quite some time. That?s the default soft limit in current BCH clients, but it seems they then modified it to allow for bigger blocks. This article was retrieved by us on January 08, 2019 8:47 PM. You may want to visit www.trustnodes.com for complete listings from this source.
How Might the Bitcoin Cash Trade War Go Down
Now that BitcoinSV futures have launched, we might perhaps be better placed to speculate how events might unfold on or around November 15th when all BCH holders suddenly find out they have this new coin called BSV. The futures play so far suggests BSV does have some support. In line with previous splits, that support appears to be at around 10%-20%. It is probable, therefore, that BCH?s price will initially split between BSV and the post-fork BCH, which in combination may initially be worth the same as the pre-fork BCH price. That means BCH?s price might fall once BSV trading starts as BSV supporters sell BCH to buy BSV. The combined price, however, will probably not move below BCH?s pre-fork price if this unfolds like previous splits. This publication was found by us on January 08, 2019 8:47 PM. Visit www.trustnodes.com for more similar content.
Has Bitcoin Become Centralized
The first decentralized currency is soon to implement a contentious upgrade which fundamentally changes its direction from bitcoin cash to a bitcoin settlement network. A decision that may have ramifications for decades to come or it may amount to a storm in a tea cup, but does the way such decision was made suggest bitcoin has become centralized in the hands of a few people? Under the threat of a flag-day soft-fork by some Bitcoin Core developers, including Luke-Jr, Peter Todd and Eric Lombrozo, who supported the so-called User Activated Soft Fork (UASF), which is more correctly called a developer?s flag day soft-fork, bitcoin businesses and miners reached a signed agreement after a closed door meeting where no independent journalists were invited. This post was retrieved by us on January 08, 2019 8:46 PM. You may want to visit www.trustnodes.com for more from this source.
Celebrity Hacked, $4,000 in Bitcoin Demanded, Account Recovered
A celebrity with some 4.2 million Instagram followers was hacked earlier today with some $4,000 worth of bitcoin demanded for a return of the account. The hackers initially deleted all Instagram posts of Zari Hassan, a Ugandan singer socialite. The content returned by the time we checked, but the message below was shown: No porn was posted as far as we can see despite the above statement, with the account now back to normal at the time of writing. How it was recovered is unclear, but no bitcoin payment was made with the bitcoin address above showing no incoming or outgoing transactions ever. The hack occurred while Zari was celebrating her daughter?s birthday. The perpetrators remain unknown as far as we are aware, with it still unclear as to how exactly this account was hacked. This publication was first seen by us on January 08, 2019 8:46 PM. See www.trustnodes.com for complete listings from this source.
"Something Revolutionary is Happening" with Bitcoin and Ethereum Says David Sacks of "PayPal Mafia"
Bitcoin has achieved what PayPal couldn?t says David Sacks, a former COO of PayPal who invested in many web 2.0 companies, including Facebook, Uber, SpaceX and others. Making him an influential investor in Silicon Valley, alongside Peter Thiel, who now serves in the Trump administration, and Reid Hoffman of Linkedin. Giving them the nickname of PayPal mafia due to striking rich early on with PayPal, then investing in many companies that became very successful. ?Bitcoin is fulfilling PayPal?s original vision to create ?the new world currency.? We actually had T-shirts printed in 1999 with that mission statement,? Sacks says before explaining they tried to create a database of money at PayPal, but failed. However, bitcoin and other digital currencies like ethereum have succeeded in doing so through a decentralized blockchain based network. This information was first seen by us on January 08, 2019 8:46 PM. Browse www.trustnodes.com for more similar content.
Rumors Wall Street to Give Out Bitcoin Bonuses
Apparently even bankers do not want fiat printed funny money anymore, with rumors going around they may get some of their fat bonuses in bitcoin. ?The bitcoin bonus could be one of the methodologies in recruiting better talent into your organization,? said Bob Graham, a digital currency expert at accounting and advisory firm Friedman. Wall Street insiders are claiming banks and brokerages will give traders and bankers bitcoin and cryptocurrency wallets to spice up their big year-end payout of cash and stocks options. It might be one way to celebrate this miraculous year as bitcoin now goes very much mainstream with the launch of futures in just a few hours. This data was discovered by us on January 08, 2019 8:45 PM. Have a look at www.trustnodes.com for more from this source.
Wikileaks Has Received $26 Million Worth of Bitcoin Donations
Wikileaks, which began accepting bitcoin all they way back in 2011 following a banking blockade, has received a total of 4,025 bitcoins, currently worth $26.6 million. The very first donation was made on June 14th 2011 for 0.05 BTC. Back then worth pretty much nothing. Now worth a respectable sum of $330. That was followed by more substantial donations, including 90 bitcoins on June 28th 2011, currently worth a cool $594,933. Since then, they received thousands more, with 0.018 btc, worth around $110, received just yesterday. Much of it has moved elsewhere, presumably to pay for expenses or perhaps to another address, but the project has at least 7.6 btc, worth around $50,000, remaining on the donation account. This item was discovered by us on January 08, 2019 8:45 PM. Have a look at www.trustnodes.com for complete listings from this source.
Soulja Boy Raps About Making "a Million off of Bitcoins"
Famous rapper Soulja Boy says he is going digital. ?This crypto currency man, it?s crazy,? he says in his new album ?Young Draco? which has an entire song dedicated to bitcoin. ?Money going up like the stock market (oou) Flipping big coins I bought a S10 Martin (skrt skrt) I?m a hustler I be on the internet stacking [?] Made a million off of Bitcoins I went platinum.? No lambos here. The 28 year old rapper says ?I got Litecoins, Bitcoins, they my favorite ones.? So no eth either, but he did tweet out the bitcoin song to his 5 million followers. He said he bought $6,000 worth of bitcoin and that then apparently turned into a million. Bitcoin went from about $200 in 2014 to $20,000 in December 2017. This share was first found by us on January 08, 2019 8:44 PM. Check out www.trustnodes.com for complete listings from this source.
Ethereum, Bitcoin Volumes Spike in Capitulation
Ethereum?s trading volumes have risen to $2.8 billion during the past 24 hours, the highest level we have seen in a very long time. For bitcoin, they?re at nearly $7 billion. That?s compared to about $1.4 billion for eth just the day before and roughly $4 billion for bitcoin during the same time period. Tether?s trading volumes have reached an all time high of almost $5 billion, some 25% of all global crypto trading volumes at $20 billion. Suggesting much of this is traders doing trading. Only three cryptos are now worth more than $10 billion, with Bitcoin Cash dropping out. Tether may well overtake Litecoin. If we exclude it, only 8 cryptos have a market cap over $2 billion, down from about 28 at its height in January. This item was first found by us on January 08, 2019 8:43 PM. Have a look at www.trustnodes.com for additional posts.
Bitcoin and Ethereum Make it to the Top Trending Google Words
For the first time ever, bitcoin and ethereum are featured in the top trending words for Google searches following weeks of significant price increases for both digital currencies, with bitcoin doubling this year, while ethereum is up some 17x. Bitcoin saw some 200,000 searches yesterday, according to Google trends, as the currency goes mainstream with its awareness now probably at a household level across America and Europe. Its price has increased from less than $1,000 to more than $2,000 this year, reaching a market cap of $36 billion, higher than the market cap of all digital currencies combined just one month ago. This post was retrieved by us on January 08, 2019 8:42 PM. You may want to visit www.trustnodes.com for more.
Kraken Raises Bitcoin Withdrawal Transaction Fees to $7
One of the biggest bitcoin exchange has raised their transaction fees for withdrawals to a flat $7 (0.0025 BTC) as bitcoin?s capacity crisis continues unresolved, sending fees higher and higher. ?The average miner fee required to prioritize and confirm Bitcoin transactions has been increasing for some time without a corresponding increase in the fee we charge to clients.? ? Kraken said in an email statement. Bitcoin?s median transaction fees have risen to around $5 as the backlog now fails to clear with some transactions always waiting to move to their destination. Miners are now paid nearly $2 million in fees everyday, a sum that is not far off the $5 million they receive every 24 hours from mining rewards, with fees now making up nearly a third of their daily income. This item was first seen by us on January 08, 2019 8:42 PM. Have a look at www.trustnodes.com for more from this source.
Over 31,000 Restaurants Start Accepting Bitcoin Cash
Germany?s biggest meal delivery provider, Liferando, which allows you to order food from 11,000 restaurants, has begun accepting Bitcoin Cash. Overall, some 31,000 restaurants in Europe and Vietnam have now begun accepting Bitcoin Cash through online orders from Takeaway.com. You can now buy pretty much any meal in Europe with Bitcoin Cash, including burgers, pasta, pizza, and anything else restaurants offer. Just as excited Bitcoin Cashers have been doing, with one of them sharing a video of the purchase process, which was completed in seconds. As can be seen above, the order pretty much instantly confirms because Bitcoin Cash can process zero confirmed payment through the first seen rule. This posting was obtained by us on January 08, 2019 8:42 PM. Visit www.trustnodes.com for more.
Ethereum's Price at $44,000, Bitcoin at a Million in VeChain's Vet Trading Pair on Binance
One eth is worth $44,000, but only on one exchange and in only one trading pair this fine morning on July 31st 2018. A coin with a $1.3 billion market cap, VeChain, has seen its price plunge some 100x on a token mainnet swap from Ven (VeChain) to Vet or VeChain Thor. Its dollar price fell from around $2 to $0.02. That?s reflected in the VET/ETH trading pair where one eth costs more than $44,000 worth of VET tokens. For bitcoin, its price is at $800,000 in the VET/BTC trading pair with considerable volumes of $10 million exchanging hands in the past 24 hours. All of that however is a fiction, a charade, because VeChain?s token swap from ethereum?s blockchain to their own blockchain was not a one to one affair. This posting was discovered by us on January 08, 2019 8:42 PM. You may want to visit www.trustnodes.com for more.
Russian plans to Ditch US Dollar for Bitcoin
Vladislav Ginko of the Russian Presidential Academy of National Economy and Public Administration with over 20 years of ties to the governments the Kremlin will begin investing massively in Bitcoin. This would be to avoid new U.S. sanctions, a move that could happen ?in a matter of weeks.? Russia is not the only country that is looking to buy ?Digital Gold?. President Vladimir Putin, declared that in the wake of new sanctions, the country had no choice but to cut down on its use of the Dollar in international trade. Notify me of follow-up comments by email. Notify me of new posts by email. This item was obtained by us on January 08, 2019 8:41 PM. You may want to visit www.cryptodigest.com for additional posts.
Bitmain Holds One Million Bitcoin Cash and LTC, 22,000 Bitcoins and Almost No Eth
Bitmain holds more Bitcoin Cash than Satoshi Nakamoto at 1,021,316 as of March 2018, amounting to $600 million at current prices and at nearly $1 billion at acquisition prices. The seemingly leaked prospectus of Bitmain?s Initial Public Offering (IPO) further says they had 931,932 LTC as of March 31st, currently worth around $60 million, but their acquisition price is $51 million. Of Dash they have 312,424 as of March, currently worth $52 million, but their acquisition price stands at $103 million. Of bitcoin they have the second lowest amount in coins at 22,082, currently worth $140 million, while their acquisition price was at $150 million. This piece was found by us on January 08, 2019 8:41 PM. Browse www.trustnodes.com for more similar content.
Shakeup at SEC Might Increase Chances of a Bitcoin and Ethereum ETF
David W. Grim, Director of SEC?s Division of Investment Management, is to leave the agency next month, according to a press release. The reasons for his departure are unclear, but it may be part of a shakeup at the SEC after the Trump administration came to power earlier this year. Grim was the top official in charge of approving new ETFs, including the bitcoin ETF that was rejected at literally the last minute, which some took as an intentional insult towards this space. He joined the agency directly from law school and rose to oversee ?the $70 trillion dollar asset management industry, which includes mutual funds; exchange-traded funds; closed-end funds; variable insurance products; business development companies and investment advisers.? This posting was found by us on January 08, 2019 8:41 PM. Visit www.trustnodes.com for more from this source.
Bitcoin Merges Replace by Fee Double Spending as Default
Bitcoin Core developers have recently merged Peter Todd?s Replace by Fee (RBF) as default behavior for the bitcoin network. That means unconfirmed transactions can now easily be double spent by just increasing the fee that was paid and sending it again, with miners so accepting this second transaction. Something that has become necessary due to considerable backlogs in transactions, with the network able to handle only 1MB of data every ten minutes. A backlog that has sent fees to $70 per transaction, leading some exchanges, such as Gemini, to no longer process bitcoin withdrawals for amounts that are around less than $100 worth of bitcoin. This publication was first found by us on January 08, 2019 8:40 PM. Visit www.trustnodes.com for additional posts.
Expedia Stops Accepting Bitcoin Payments
One of the world?s biggest traveling website has dropped bitcoin payments on June the 10th for unclear reasons after four years of accepting bitcoin. Bitcoin supporters and Expedia customers now complain they can not book hotels or flights and pay with bitcoin any longer. ?That?s sad,? says one bitcoiner before further adding: ?They had my exclusive hotel business and booking because they took bitcoin.? Expedia is now the latest company to stop accepting bitcoin payments after four years of utilizing the currency, but why such decision was taken is unclear. One reason might be a terrible experience for customers who paid with bitcoin four months ago when fees reached a high of $70 and some transactions were delayed for a week or more. One bitcoiner said at the time: This entry was found by us on January 08, 2019 8:40 PM. You may want to visit www.trustnodes.com for more from this source.
George Soros to Start Trading Bitcoin
The devil himself, as some call him, or more correctly his $26 billion family office, is apparently planing to start trading bitcoin and cryptocurrencies. ?Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade cryptos in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment,? Bloomberg says. This is just weeks after Soros said ?dictators turn to Bitcoin to build investment abroad,? among numerous other remarks that dismissed bitcoin and cryptos more generally back in January. This entry was first found by us on January 08, 2019 8:39 PM. Check out www.trustnodes.com for more from this source.
Coinbase, Binance, Roger Ver Back Bitcoin ABC in the Upcoming Chain-Split Bitcoin Cash Upgrade
Bitcoin Cash is undergoing a collective decision making process regarding an upcoming November 15th upgrade which some consider as contentious. Coinbase has come out to say they will back ?the published roadmap from bitcoincash.org.? That being the BitcoinABC client which has a number of changes, including canonical ordering. Coinbase also said: ?In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain.? Presumably that means they will provide access to BSV, a new potential coin from Craig Wright?s BitcoinSV client backed by one of the biggest BCH miner, Coingeek. This publication was first found by us on January 08, 2019 8:39 PM. Check out www.trustnodes.com for more.
Nearly Half a Billion Dollars Entered the Bitcoin Market Within One Hour
Bitcoin?s price spike by almost $1,000 yesterday was seemingly due to new money entering the market, specifically USD. Starting at around 6PM London time, bitcoin?s dollar trading volumes significantly increased within one hour to their highest level for the month by far (featured image). Some $55 million was traded in bitcoin within five minutes at around 6:40 PM, falling slightly to above $40 million at 6:45PM according to data from CryptoCompare. Trading volumes do not necessarily mean new money has entered the market due to wash trading, but there is evidence to suggest the price spike was due to an increase in dollar volumes. This article was found by us on January 08, 2019 8:39 PM. Visit www.trustnodes.com for more similar content.
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