Monthly Archives: December 2019

3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle

Key trading indicators suggest that Bitcoin has completed its macro bear cycle and is ready to rocket to $9,000 this week. Whilst the Bitcoin price (BTC) action may seem bearish to some, the leading digital asset has several bullish indicators that hint towards an imminent recovery. As Bitcoin enters the last month of 2019, will the king of cryptocurrencies finish on a bullish rally, or fall to a yearly low? Daily crypto market performance. Source: Coin360.com The daily chart turns bullish BTC USD daily chart. Source: TradingView […]

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$50M of ETH Stolen, ‘Rare Opportunity’ for BTC: Hodler’s Digest, Nov. 25–Dec. 1

Upbit confirms 342,000 ETH has been stolen, Russia considers a ban on crypto payments, and five crypto exchanges close in China. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto exchange Upbit confirms theft of 342,000 ETH Another week, another hack — leaving us all with a distinct sense of […]

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Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh but older mining rigs currently struggle for profits. Also read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much Mining the SHA256 algorithm […]

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Swiss Licensed Crypto Bank Expanding Into 9 Markets

A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched its investment business including a cryptocurrency index. Also read: Swiss Crypto Bank SEBA Launches With Range of Services International Expansions SEBA Bank AG, formerly SEBA Crypto AG, is a crypto-focused bank headquartered in Zug, Switzerland. The bank recently became fully operational and started onboarding Swiss clients […]

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Top-5 Cryptos This Week: ATOM, TRX, ADA, EOS, XMR

A few of the top performers of the past seven days are showing strength. This suggests that select cryptocurrencies can offer buying opportunities. This is the second year in a row that November has turned out to be the worst month for Bitcoin (BTC) of the year. In 2018, Bitcoin’s price had plunged 36.18%. While this year, the decline has been 17.51%. However, December is an important month to watch out for. Since 2015, Bitcoin has moved more than 30% in December. If history were to repeat […]

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‘In Small Steps’ China Cuts Benchmark Interest Rates

Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis, however, not all effects might in the end turn out to be desirable. And also, does China have the money? Also read: Another Bank Run Highlights China’s Brewing Financial Crisis Key Loan Rates Lose 5 Basis Points The People’s Bank of China […]

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US Lawmakers Want to Brand Libra a Security, Association Disagrees

Libra could face even more stringent requirements as U.S. lawmakers introduce a bill seeking to classify stablecoins as securities. A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle. Meanwhile, lawmakers sponsoring the bill say stablecoins should be classified as securities to protect U.S. consumers. If passed, stablecoin projects like Libra will potentially fall under […]

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Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

A vacuum between futures’ weekly closing price and current BTC/USD levels could take Bitcoin as much as $600 higher next week, an analyst suggests. Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming if lower levels stay Data from Coin360 showed the largest cryptocurrency shedding almost 30% of its gains from earlier in the week, dropping from local highs of $7,790 to around $7,300 at […]

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Microsoft to Turn 1980s Gamebook Series Into Blockchain Card Game

Microsoft, game developer Eidos and gamebook firm Fabled Lands are jointly developing a blockchain card game based on an 80s best-selling gamebook. Microsoft, major game developer Eidos and gamebook firm Fabled Lands are jointly developing a blockchain card game based on a 1980s best-selling gamebook. According to a press release published on Dec. 1, the new card game will be based on the 1980s best-selling book called “The Way of the Tiger,” written by Jamie Thomson and Mark Smith. The game’s title will be “Arena of Death” […]

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New XMRig 5.1.0 Miner With Improved RandomX Mining Performance

The latest release of the XMRig 5.1.0 just came out after the successfull Monero (XMR) hardfork to RandomX and it brings improvements in performance. RandomX performance is improved up to +6-7% on Intel CPUs and +2-3% on Ryzen CPUs, so if you are mining Monero (XMR) at the moment or any of the other RandomX-based crypto projects such as LOKI, ArQmA or Wownero you might want to update your mining software. The developer of the mining software also notes that you should always disable “Hardware prefetcher” and […]

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