Bitcoin Cash Jumps 10% after Binance, Bitcoin.com Reveal Fork Plans

Twitter Facebook LinkedIn The bitcoin cash price awoke from its slump on Friday, mounting a double-digit percentage rally during the early evening hours after two major cryptocurrency firms revealed their plans for the BCH hard fork that is scheduled to take place in less than two weeks. Bitcoin Cash Posts Double-Digit Rally Like most of the large-cap crypto market, bitcoin cash had been in recent weeks been uncharacteristically stable, and the fourth-largest cryptocurrency spent most of Friday morning trading near $425. Shortly after 12:45 UTC, however, the bitcoin cash price…

Winklevoss Twins Lawsuit | Gemini Founders Sue Charlie Shrem

The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012. Winklevoss Twins Lawsuit According to the New York Times, Shrem made several lavish purchases in 2018 that caught the attention of the Winklevoss twins. They filed a civil suit against him, convinced that Shrem made these purchases—which include a $2 million house and luxury cars—using the Bitcoins he had stolen from them in 2012. Shrem Worked for the Winklevoss Twins Before Lawsuit The twins hired…

Bitcoin Price Intraday Analysis: BTC/USD Holds Support

Twitter Facebook LinkedIn Bitcoin on Friday witnessed as much as 1.3 percent gains against the US Dollar from the pair’s previous low at 6293-fiat. BTC/USD is in a minor pullback scenario ever since and is trading at 6364-fiat at the time of this writing. In contrast to the Asian session, the European hours today witnessed lower volume. It pushed the pair into a narrow trading range altogether, leaving little-to-no room for day traders to find intraday opportunities. The US Dollar Index (DXY), on the other hand, came under some selling…

Israeli Startups Raised $600 Million Through ICOs in 2018: Report

Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other forms of investment, have received $1.3 billion worth of investments.…

Cboe’s Head of Equity Options Just Joined a Blockchain Startup

Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets,  a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of equity options, and earlier worked at the New York Stock Exchange, ISE (now a part of Nasdaq) and Bats Global Markets, which Cboe acquired in 2017. Rathi told CoinDesk that he has been watching AlphaPoint…

Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders. This plan was made known by HKEX CEO Charles Li at a…

Bitcoin Sees New Price Support From 7-Year-Long Rising Trendline

With the number of strong support levels increasing for bitcoin (BTC), the bitcoin bears are facing an uphill battle. The latest addition to the list is the support of the trendline connecting the November 2011 and August 2016 lows, currently at $5,830. Up to Oct. 31, the two key support levels were the 21-month EMA and the trendline drawn between the June and August lows. In particular, the 21-month EMA was the level to beat for the bears till last month, meaning a close below that support would likely have…

Bitcoin Price Watch: BTC/USD Targets Fresh High Above $6,400

Key Points Bitcoin price gained traction and moved above the $6,335 and $6,350 resistances against the US Dollar. There was a break above a key bearish trend line with resistance at $6,345 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but there are decent supports near $6,345 and $6,325. Bitcoin price is gaining upside momentum against the US Dollar. BTC/USD could dip a few points before it climbs above the $6,380 and $6,400 levels. Bitcoin Price Analysis Yesterday, we saw…

Cardano Price Analysis: ADA/USD Eyeing Rebound Above $0.075

Key Highlights ADA price found support near the $0.0680 level and recovered against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0710 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading in a bullish zone and it could move towards $0.0750 or $0.0780 in the near term. Cardano price is rebounding against the US Dollar and Bitcoin. ADA/USD is likely to correct further higher towards the $0.0750 level. Cardano Price Analysis In the…

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower. As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946. The Securities Act of 1933 was established to require issuers to disclose certain pieces of information to potential investors prior to any public securities offering. This law was enacted to reduce misrepresentation by issuers and to help…