Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…

Why Major Crypto Exchanges are Granting Bitcoin Cash With BCH Ticker

Twitter Facebook LinkedIn The hash power war between Bitcoin Cash (BCH) and Bitcoin Cash SV (BCHSV) ended with a one-sided victory for BCH. Prior to the hard fork on November 15, major cryptocurrency exchanges publicly expressed support towards the roadmap set forth by bitcoincash.org or ABC, the original Bitcoin Cash blockchain network. Fast forward eight days, a growing number of leading cryptocurrency trading platforms have begun to officially adopt ABC as the original Bitcoin Cash network with the ticker BCH. What Triggered Coinbase and Kraken to Support BCH? Earlier this…

Price Predictions Roam Free As Bitcoin Stabilizes Above $4,500

Since the crypto industry’s monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin (BTC), a mechanism to achieve financial freedom, is bearing. While some have succeeded, by luck or other means, other wannabe soothsayers haven’t seen an ounce of success, to put it lightly. Regardless, in this market’s most recent downturn, which began a week yesterday, price predictions have remained the flavor of the month, as it were. And with metaphorical heaps of op-eds, tweets issued in crazed frenzies, and insightful…

Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

Twitter Facebook LinkedIn Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In the last two to three hours, BCH, BTC, ETH, and XRP demonstrated a slight recovery in both volume and price, but the momentum of the entire market remains a concern to short-term…

SWIFT India Partners With MonetaGo for Blockchain Banking Pilot

Twitter Facebook LinkedIn SWIFT India has announced a collaboration with financial technology provider MonetaGo to launch a distributed ledger pilot program that will aid the operation of Indian banks. Using infrastructure provided by MonetaGo and SWIFT’s standardised financial messages, the proposed blockchain platform will enable banks in the country to improve the security and efficiency of their financial products and processes. MonetaGo’s Expanding Footprint in India It will be recalled that in January 2017, CCN reported that New York-based MonetaGo was tapped by a consortium of 15 Indian banks to provide…

Singapore to Offer Seed Funding to Enterprises to Boost Blockchain Adoption

Twitter Facebook LinkedIn The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. According to The Business Times, the Infocomm Media Development Authority (IMDA) which falls under Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and ICT sector. This is with a view of incentivizing them to develop platforms which link special interest groups in the blockchain space, solution providers as well as other related groups. In order to obtain seed funding from the IMDA,…

Bitcoin Price Watch: BTC/USD Buyers Aim $4,950 In Short Term

Key Points Bitcoin price is slowly recovering and it is currently placed above $4,400 against the US Dollar. There was a break above a short term contracting triangle with resistance at $4,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may perhaps continue to rise towards the $4,760 and $4,934 levels in the near term. Bitcoin price is forming a decent support above $4,400 against the US Dollar. BTC/USD is likely to recover towards $4,934 in the short term. Bitcoin Price Analysis Yesterday, we…

IBM and Columbia University Launch Two Blockchain Startup Accelerators

Twitter Facebook LinkedIn On Nov. 19th, 2018, IBM and Columbia University announced the introduction of two new blockchain startup accelerators as critical components of their center for research, education, and innovation in blockchain technology and data transparency. IBM Network and Columbia Launch to accelerate industry adoption The joint venture, part of the Columbia-IBM Center for Blockchain and Data Transparency, will provide 20 entrepreneurs and blockchain network founders worldwide with access to the assets, knowledge, and support they need to build sustainable blockchain businesses and enterprise-grade blockchain networks. IBM’s Network Blockchain…

Bitcoin Cash Price Analysis: BCH/USD Struggling To Surpass 100 SMA

Key Points Bitcoin cash price recovered above $260, but it struggled near 100 hourly SMA against the US Dollar. This week’s key bearish trend line was beached with resistance at $260 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently struggling to gain momentum above the $280 level and the 100 hourly SMA. Bitcoin cash price settled above the $250 level against the US Dollar. However, BCH/USD must break the $280 barrier and the 100 hourly SMA to gain traction. Bitcoin Cash Price…

Ethereum Classic Price Analysis: ETC/USD Could Recover Above $6.00

Key Highlights Ethereum classic price declined towards the $5.00 support and recovered against the US dollar. There was a break above a key contracting triangle with resistance at $5.55 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently placed nicely above $5.40 and it could correct higher towards the $6.00 level. Ethereum classic price is slowly recovering against the US Dollar and Bitcoin. ETC/USD is likely to climb towards the $6.00 or $6.25 levels in the near term. Ethereum Classic Price Analysis Recently,…