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Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Short-term Break

Key Points Bitcoin cash price is consolidating above the $320 support area against the US Dollar. There is a short-term contracting triangle forming with resistance near $335 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip once more before moving higher above the $330-340 levels. Bitcoin cash price is moving…

Zimbabwe News – Bitcoin Selling at Twice Global Dollar Average

Following over a decade of economic turmoil, Zimbabweans are turning to bitcoin for some financial stability. Yes, you read that correctly!  I mean, seriously, just how messed up is that? As a result, bitcoin is reportedly selling in the capital, Harare, for almost double the global average, according to TheNational.ae. I Thought Harare was That Gorilla…

Star Jets International Now Accepts Bitcoin Payments

Star Jets International LLC now accepts bitcoin payments for private jet flights. The company is a wholly owned subsidiary of Advanced Defense Technologies, Inc. Customers who use Star Jets get to leverage all the advantages of using a corporate jet, according to an Econotimes article.  Also read: Bitcoin Cash Developers Propose New Address Format Furthermore, customers have…

XRP Consolidates Inside Ichimoku Cloud Against Major Counterparts

After dropping from a key resistance level the beginning of the week, Ripple’s XRP was mostly indecisive on Thursday. XRP/USD and XRP/EUR tested above the upper band of the daily Ichimoku cloud. However, they ended the day inside the cloud, as they both formed a spinning top candlestick pattern. The pivot point for XRP/USD is…

Ethereum Founder Says Central Banks are Incapable of Creating Own Cryptocurrency

Central banks have expressed keen interest in creating their own cryptocurrencies, probably in realization that blockchain-powered assets are more than just a fad. It’s too bad they lack the paradigm to do so, says Ethereum founder Vitalik Buterin. Vitalik Doesn’t Think They Can Do It A central bank-backed cryptocurrency would simply amount to “a server…

Bitcoin Price Analysis: Potential Wyckoff Distribution May Spring New All-Time Highs

A potential Wyckoff Distribution phase is under way as bitcoin continues to climb on shaky ground. Days after having a strong $1,000 climb and nearly reaching $6,000 on most exchanges, we saw a strong rejection of the upper limits of the market as it plunged $600 over the course of a few short hours. Let’s…

First 1GB Bitcoin Block Mined – Congestion is in the Past!

The first 1GB block on Gigablock – a testnet administrated by BU chief scientist Peter Rizun, has been successfully mined by researchers with Bitcoin Unlimited (BU),  Nchain and the University of British Columbia. Gigablock Initative Mines the First 1G Bitcoin Block https://t.co/tH1B2bXGmu — Breaking Crypto News (@Breaking_Crypto) October 16, 2017 Such a development has particularly…

Here’s Bitcoin.com’s Updated Stance on Specific Bitcoin Chain Symbols and Monikers

A lot has changed in the cryptocurrency space, and things are entirely different than they were when bitcoin was launched by its anonymous creator back in 2009. One of these changes has affected the entire ecosystem, as the bitcoin scaling debate has caused significant strife between bitcoin proponents. Also read: Bitcoin Cash is Bitcoin This summer…