Bitcoin Cash [BCH] and Dash can work towards bringing economic freedom to the world, says Roger Ver

Bitcoin Cash [BCH] has had a tumultuous time over the past few weeks from sliding on the price charts to become one of the biggest gainers right now. BCH’s biggest proponent has been Bitcoin.com CEO Roger Ver, who has advocated for the cryptocurrency since its inception in 2017.
In a recent interview with Dash’s Joel Valenzuela, Ver touched upon the situation of the bear market and the reasons for the Bitcoin Cash hash war that took place last November. The CEO agreed that 2018 was a big downer and that in some way, the developments had contributed to some success.
He said that it is somewhere in the middle of success and failure but in the end, the price of cryptocurrencies is not the perfect metric to gauge a coin. In his words:
“The price is the least interesting thing about cryptocurrencies, we need to look at what the digital currency actually does instead. If a coin or a network can bring economic freedom for all, then we will be able to say that the field is a success. Last year, the hype of 2017 died down but that is a pattern seen before and will be seen again in the future too.”
The discussion then moved onto the effects of the bear market and pointed out the massive layoffs that occurred in Shapeshift. Ver admitted that the current market behavior had made Bitcoin.com rethink the hiring situation too because budgeting for the future is important. He mentioned that his organization is not a group filled with Bitcoin Cash maximalists but rather will choose anything that will help make payments faster and simpler. Ver added:
“ We like anything that works. BTC just stopped and clearly it was time for other cryptocurrencies to step up. In a way the communities of Dash and BCH are almost similar in the way that both believe in a fully functional payment system that is fast and trustworthy.”
Ver further commented on the famous hash war and said that there was a stark clash in ideologies and many in the community did not like the roadmap put forth by Satoshi Vision and nChain. The CEO was frank in admitting that the animosity between the two will not be reconciled anytime soon.
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Source: AMB Crypto

Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Bitcoin (BTC) and the general cryptocurrency markets have stabilized following the recent bout of volatility they experienced this past weekend. Yesterday, however, Bitcoin’s price quickly dropped to lows of $3,550 on the aggregated markets before sharply surging back towards its current levels.
One analyst believes that this drop and surge, albeit relatively small, is the result of a confluence of factors that could suggest Bitcoin is nearing a long-term bottom.
Recent Bitcoin (BTC) Volatility Further Confirms Current Trading Range
At the time of writing, Bitcoin is trading down nominally at its current price of just above $3,600. After trading choppily yesterday, Bitcoin rapidly dropped into the low $3,500 region for an incredibly short amount of time before quickly surging to highs of $3,620.
Bitcoin has been bouncing in the low-$3,500 range for the past couple of weeks, solidifying this price level as a strong region of support. It is important to note, however, that the resulting bounce after BTC touches this price region becomes smaller each time it visits it, which could mean it is weakening.
Mati Greenspan, the senior market analyst at eToro, discussed Bitcoin’s latest price action in an email today, saying that the multiple factors likely behind BTC’s recent drop and surge could signal that BTC is nearing its price floor.
“What’s interesting about this graph is the role of the key level of $3,500. As we’ve been discussing, bitcoin has been trading in a tight range between $3,500 and about $4,100…So when the downside broke, it very likely took out a lot of stop losses, causing a chain reaction of stops and liquidations. What’s exciting about yesterday’s move is that the direction was quickly reversed and in the aftermath, we even saw a mini rally. This is a very positive sign and could very well indicate that we’re at or nearing bitcoin’s price floor,” Greenspan explained.
Although this sentiment may appear to be overly bullish considering that the cryptocurrency’s recent price movements are miniscule compared to months and years past, another popular cryptocurrency analyst generally agrees with Greenspan’s assessment.
Cred, a popular analyst on Twitter, discussed the sharp downwards move and resulting bounce, saying:
“$BTC Price finally traded to 3430 support and bounced. Reclaiming/establishing support above the blue level (3560s) is bullish IMO. This has triggered a long setup for me, I’ll jump out if the level rolls over.”

$BTC
Price finally traded to 3430 support and bounced.
Reclaiming/establishing support above the blue level (3560s) is bullish IMO.
This has triggered a long setup for me, I'll jump out if the level rolls over. pic.twitter.com/zt8Gpu04I5
— Cred (@CryptoCred) January 23, 2019

Altcoins Trade Mostly Flat
Bitcoin’s recent bout of volatility has carried over into the altcoin markets, and today the markets are experiencing a mixed trading session.
Altcoins are trading mostly flat today following the market’s recent bout of volatility.
At the time of writing, Bitcoin Cash is the best performing major cryptocurrency, as it is currently trading up over 4% at $134. Yesterday, Bitcoin Cash fell to lows of $120 before rallying towards its current price levels.
Ethereum has dropped slightly over a 24-hour trading period and is trading down nearly 1% at its current price of $118.3.
XRP has also dropped today and is presently down 0.6% at $0.3177.
Featured images from Shutterstock.
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Source: New feedNewsBTC.com

Bitcoin Cash [BCH] Technical Analysis: Token turns the tide, emerges as highest gainer amongst top-10 coins

Bitcoin Cash has come to the fore, emerging as the highest-gainer in the top-10 as the collective market shot-up above the $120 billion-mark. The fourth-largest cryptocurrency is now head and shoulders above the rest of the coins in the market, in terms of 24-hour price increase, with a massive 7 percent price increase in a bearish market.
On 22 January, the BCH price slipped to a one-month low of $118.8, following which it saw a 10.79 percent increase as the coin’s price shot up to $131.64. The market cap of the coin surged by over $225 million in less than a day and is now valued at $2.31 billion.
Exchange dominance has also seen a re-shuffle, with the top spot being taken over by L-Bank, with a BCH trading volume of $22.52 million or 7.57 percent in the BCH/BTC trading pair. The following two spots are taken by P2PB2B in the BCH/USD and BCH/BTC trading pairs respectively.
1-hour:
Source: Trading View
It comes as no surprise that the one-hour BCH trend line shows a stand-out green uptick as the BCH price rapidly rose. Two prominent uptrends can be noticed, the first, larger one, stretching from $120.77 to $129.3 and the second, shorter one, extending from $127 to $130.12. Prior to the uptrends, the BCH price fell during the past weekend, indicated by the downtrend from $128.54 to $121.78.
Bitcoin Cash has skyrocketed past its immediate support level pegged at $119.94 and it is very likely to break its resistance placed at $130.49. The previous support and resistance levels of the coin were placed at $125.72 and $130.18 respectively.
The Chaikin Money Flow indicator points to a bullish market as the CMF line is above 0, indicating an inflow of money into BCH.
The Parabolic SAR shows that the coin is trading with bullish momentum as the dotted lines are aligned below the coin’s trend line.
The Awesome Oscillator confirms the above indications, as the AO line is green, showing a bullish swing to the BCH market.
1-day:
Source: Trading View
Despite the positive signs in the above one-hour chart, the one-day chart indicates that post the hardfork, BCH prices are on a steep decline, indicated by the massive downtrend stretching from $626.31 in mid-November to $139.64 in January. A brief uptrend, immediately prior to the hardfork, is also noticed from $429.62 to $628.56.
Bitcoin Cash’s support level of $76.7 has long been surpassed, with the coin trading at almost double of the support figure. However, the recent increase in the BCH price is still not close to the immediate resistance level of $196.84.
The Bollinger Band points to a long-run decrease in volatility for the coin as the Moving Average line shows that the coin is trading in a marginally bearish market.
The Fisher Transform indicator shows a crossing over of the Fisher and Trigger lines, indicating a bullish Bitcoin Cash market.
The Relative Strength Index has been on the rise since the week began and is currently pegged at 43.64, up from a low of 37.34 from last week.
Conclusion:
Bitcoin Cash is currently leading the top-10 coins list in terms of short-term price increase, which is confirmed by the one-hour chart indicators, pointing to a bullish market. In the long-run, however, the coin is still fighting off the bears and is looking to break into a bullish zone, with the one-day chart indicators pointing to the same.
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Source: AMB Crypto

Bitcoin Cash [BCH] integrated on peer-to-peer trading platform BitQuick

BitQuick, the over-the-counter cryptocurrency marketplace has increased its coverage by adding the fourth largest cryptocurrency in the market, Bitcoin Cash [BCH] to its platform. This inclusion will allow peer-to-peer purchase and trading of BCH in less than three hours, BitQuick claims.
The marketplace is owned and operated by Athena Bitcoin, which operates Bitcoin and other cryptocurrency ATMs in the US, Columbia and Argentina. Athena Bitcoin also operates Mercado Athena, another BTC marketplace.
Additionally, BitQuick is also used by traders to convert digital currencies to fiat or vice versa in the following countries: US, Canada, Europe, Russia, and Australia.
BitQuick is pegged as a “relatively decentralized” platform as it offers Localbitcoins’ like multi-signature escrow system which allows it to operate relatively freely in the US’ regulatory atmosphere while adhering to the Know Your Customer [KYC] requirements and transactions limits.
At the moment, BitQuick operates in 49 states in the US, with New York being the only exception. Back in 2015, the peer-to-peer Bitcoin market place ended their New York operations as they could not comply with the state’s BitLicense that required every local Bitcoin seller to apply for a license.
The marketplace also accounts for privacy as they do not store their client’s private keys, relying on escrow settlement to generate them. Customers will be allowed to trade up to $250,000 using P2SH [Pay to Script Hash] multi-signature addresses.
In order to gauge the market demand and accordingly expand their cryptocurrency coverage, BitQuick will send out a survey to traders before adding on to their Bitcoin and Bitcoin Cash markets.
The BitQuick announcement comes right when Bitcoin Cash has been enjoying a bullish market, as it saw a price increase of more than 7 percent in the past 24 hours. The overall market has increased by over $2 billion as major coins are awash in green, with BCH leading the charge as the highest gainer in the top-10.
In recent news, Bitcoin Cash proponent and CEO of Bitcoin.com, Roger Ver sparked controversy by comparing Bitcoin [BTC], in its original form, going by its 2009 whitepaper, to Bitcoin Cash in its current form as the only true, “peer to peer electronic cash system for online payments.”
The Bitcoin community on Reddit accused Ver of “borderline scamming” new and uninformed investors who want to invest in Bitcoin and not in its hardfork Bitcoin Cash.
The online community has also credited Ver’s website Bitcoin.com as one of the main mouthpieces of the pro-Bitcoin Cash narrative. Last week, one outspoken critic John Carvalho, known in the community as Bitcoin Error Log, challenged Ver to a “fight” with the rights of Bitcoin.com hanging in the balance.
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Source: AMB Crypto

Bitcoin Cash [BCH] escapes the bear as price shoots up by more than 7%

As the cryptocurrency market enters the last week of January, the behavior of tokens have also seen a change as some coins are in the green while others are still bleeding. The sporadic movement has been ongoing for quite some time now, with cryptocurrencies like Bitcoin [BTC], XRP and Bitcoin Cash [BCH] all suffering the same fate, until today.
On January 23, Bitcoin Cash saw a resurgence with the prices climbing on the charts. At the time of writing, BCH was rising by 7.06%, with a total market cap of $2.295 billion. The cryptocurrency was trading for $129.85 and had a 24-hour market volume of $276.262 million.

The chart showed that over the past 24 hours, Bitcoin Cash had climbed from a bottom of $119.94 to reach a peak of $130.42, before settling at its current price. The Chaikin Money Flow indicator on the chart also points to a significant spike, a sign of the massive amounts of money coming into the market during the price rally.
The total trade volume of BCH was majorly split between three exchanges: LBank, Huobi Global and P2PB2B. LBank had a grasp on $22.821 million worth of BCH trade while Huobi Global and P2PB2B saw BCH transactions worth $35.191 million taking place on the platform.
Bitcoin Cash has been in the news multiple times over the last few weeks, mainly due to updates and comments from its proponents. Roger Ver, the Chief Executive Officer of Bitcoin.com and one of the most vocal supporters, had recently announced that Bitcoin.com’s wallet will receive its update soon. The news had also rallied users of the wallet, one member even listing out the features needed in the update; spend and replace built right into the wallet, strong privacy thanks to Coinshuffle, and improving the transaction creation, signing, and broadcasting speed.
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Source: AMB Crypto

Crypto Market Wrap: Bitcoin Cash Moving, Little Action Elsewhere

Market Wrap
Crypto markets have edged back a fraction, Bitcoin Cash makes a move, Maker and Waves climbing but little action elsewhere.
Crypto markets have woken up a little mid-week but gains are very slim and momentum has been limited. A tiny bounce has taken total market capitalization back over $120 billion but only just.
After a dump to $3,540 Bitcoin regained its strength and pushed back towards its support turned resistance level at $3,600. The move reflects just a 1% gain on the day and BTC has remained here for the time being as daily volume creeps back over $5 billion.
Ethereum has made 1.5% but it is still extremely weak trading below $120. The gap to XRP in second has fallen again and is now around $500 million as the Ripple token fails to register any gains today.

The top ten is all green during the Asian trading session with one altcoin leading the charge. Bitcoin Cash has made 7% on the day pushing its price back to $130. There doesn’t seem to be much driving momentum aside from seriously low prices for BCH. EOS is the second best performer in the top ten with a 4% gain, and Litecoin has made 2.5%. The rest are up a fraction keeping them in their positions for now.
Maker and Dash are leading the gains in the top twenty but they too are not very impressive with just 4.5 percent made each. The rest of the altcoins here have clawed back just 1 – 2 percent at the time of writing.
Some big fomo is going on with Loopring at the moment which has pumped 45% on the day. Ravencoin and Waves are also performing well in the top one hundred with gains of around 15% over the past 24 hours. Today’s dump is the wildly erratic Buggyra Coin wiping out most of yesterday’s gains as it loses 33%. Aurora is also having a bad day with a slide of almost 20% at the moment.
Total market capitalization has inched up just a percent over the past 24 hours taking it above $120 billion again. Gains are minimal and most cryptocurrencies are still looking extremely weak. The past seven days have been flat aside from a Saturday pump of $5 billion which predictably dumped again by Sunday evening. Since the same time last month crypto markets have lost 10% and are still firmly on the bottom.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Source: New feedNewsBTC.com

Bitcoin Cash [BCH] Technical Analysis: Bears charge towards BCH following weekend decline

Bitcoin Cash [BCH], the fourth-largest cryptocurrency has been pushed down due to the bearish market forces yet again. The collective cryptocurrency market fell by a massive $5 billion over the weekend and since correcting forces have not stepped in yet, the market cap is languishing at $118 billion, its lowest since mid-December.
At press time, BCH has declined marginally against the US dollar in terms of 24-hour price change, however, the market cap of the coin has fallen to $2.14 billion, just $20 million ahead of EOS [EOS], in the fifth place.
In terms of exchange-volume dominance, Bitcoin Cash [BCH] is being traded the most on P2PB2B with the following three trading pairs: BCH/USD, BCH/ETH, and BCH/BTC accounting for the following share: 8.24 percent, 7.51 percent, and 7.43 percent respectively. The next two exchanges holding maximum BCH volumes are HitBTC and LBank.
1-hour:

The one-hour Bitcoin Cash trendline boasts two prominent downtrends with contrasting severities. The first occurring prior to last weekend extends from $130.02 to $127.2, the second beginning at the close of the weekend extended from $128.49 to $$121.47. A meager uptrend was also noticed from $127.16 to $129.5.
Bitcoin Cash’s immediate support level is pegged at $119.64, which the coin is hovering over. The immediate resistance level of the coin is $123.07, which the coin slipped below on 20 January. The other resistance and support level of the coin is at $130.43 and $125.37.
The Bollinger Bands point to a decline in the volatility of Bitcoin Cash, as the weekend’s price fluctuations have stabilized. The Moving Average line points to a bearish trend in the market.
The Fisher Transform indicator points to a bearish market as the Fisher line has overtaken the Trigger Line.
The Awesome Oscillator indicates that the Bitcoin Cash market has been taken over by the bears, as the AO line is below 0.
1-day:

The one-day trend line boasts a significant downtrend during the Bitcoin Cash hardfork that split the coin in two and sent the market into a spiral. The first downtrend began prior to the hardfork and extended from $854.67 to $452.38, 47.06 percent decline, and the second one, post the November hardfork extended from $628.38 to $134.94, a whopping 78.52 percent decline.
The immediate key support level of the coin stands at $72.09, which the coin has not come close to since mid-December. The immediate key resistance level stands at $197.80, which the coin fell below at the beginning of the month. The previous support level stood at 411.52. The previous resistance levels were pegged at $650.38 and $628.38 respectively.
The Chaikin Money Flow points to withdrawal of money from Bitcoin Cash as the CMF line has dipped below 0.
The MACD Line points to a mildly bearish trend. Bitcoin Cash almost broke into a bullish territory at the beginning of the year but because of the bearish pressure, it failed to escape.
The Parabolic SAR points to a bearish market as the dotted line is aligned above Bitcoin Cash’s trend line.
Conclusion:
In the short term, Bitcoin Cash [BCH] has severely declined as the week began, trading at a low of around $119.34, while last week it saw a high of $131.69. However, in the long-run, the bears have softened their grip on the BCH market, as the trend line looks to stabilize and major indicators point to only a marginal bearish momentum for the coin.
The post Bitcoin Cash [BCH] Technical Analysis: Bears charge towards BCH following weekend decline appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin.org founder worried about Jihan Wu’s disappearance post Bitmain ousting

Jihan Wu, the former CEO of Bitmain, the Bitcoin mining manufacturer, has absconded from social media leaving the cryptocurrency community worried, especially the co-owner of Bitcoin.org and Bitcointalk.org, known by his pseudonym Cobra.
Trouble began brewing back in November when the Bitcoin Cash community was split between Jihan Wu and Roger Ver’s Bitcoin Cash ABC and Craig Wright’s Bitcoin Cash SV. The two factions had a heated dispute, following which the coin hardforked into two new cryptocurrencies, which both currently occupy spots in the top-10 list.
Market forces dipped the prices of cryptos to a yearly low following this split. Bitmain also demoted Jihan Wu from director to supervisor in November and in the following months, rumors regarding the resignation of the co-founders Jihan Wu and Ketuan Zhan began to float.
Both Jihan Wu and Ketuan Zhan have been under fire since the close of last year. Wu was lambasted by not just Bitmain but the cryptocurrency community for backing Bitcoin Cash, which has been on a bearish spree since the hardfork, with Zhan criticized for his poor diversification decisions.
While both Jihan Wu and Ketuan Zhan will still remain a part of the company as stakeholders, Wu will be ousted as Bitmain’s CEO with an appointment imminent. However, since the news of this replacement surfaced, Jihan Wu has retreated from social media, leaving many worried.
Cobra, the co-owner of bitcoin.org and friend of Jihan Wu, voiced his concern about Wu’s “sudden disappearance”, stating:
“Jihan has disappeared off Twitter. I’m the last person he replied too on here before his sudden disappearance. Very worried about him. I can’t even imagine the stress he’s going through right now. As one human being to another, I hope you’re OK bro.”
Some Twitter users are even dwelling on the borders of lewd theories regarding the former Bitmain CEO’s disappearance, with one user stating:
“I could be completely wrong, but my admittedly low-info Westerner understanding of Chinese business culture is, if your large venture fails, there are serious, dangerous personal consequences.”
Bitmain has not been doing very well since the “crypto-winter” set in. The company’s research and development department based in Israel were cut by 50 percent. They downsized their Bitcoin Cash development team.
Furthermore, back in December 2018, Bitmain was served with a lawsuit by United American Corp., on the grounds of hardfork manipulation during the BCH split. Also, in late-November, 2018, miners filed a lawsuit against Bitmain, claiming that the company’s device mined the cryptocurrencies for the benefit on Bitmain rather than the current user.
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Source: AMB Crypto

Bitcoin SV [BSV] activated on Coinify; Calvin Ayre announces migration from Bitpay

Coinify, a cryptocurrency payment provider, is now accepting Bitcoin SV [BSV], the Bitcoin Cash hardfork that came into the market only in November 2018. Coinify also mentioned that BSV will be accepted both directly and after converting it to a fiat currency.
Bitcoin SV and its proponents advocate increased adoption of the coin as they tout it to be the only cryptocurrency that is based on the original Bitcoin protocol. The goal of the BSV camp has always been the creation of a single international currency infrastructure and the partnership with Coinify will propel them closer to that goal.
Through this partnership, Bitcoin SV’s usage can be pushed in both online and retail portals, thereby increasing adoption.
Jimmy Nguyen, the founding president of bComm Association, and a massive BSV proponent, said:
“As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio.”
Nguyen further added that this partnership will allow the Bitcoin SV team to allow ‘flick-off the switch’ solutions based on the cryptocurrency to online merchants.
Mark Højgaard, the co-founder and CEO of Coinify, said:
“Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible. Adding BSV as a virtual currency helps us ensure we have the most comprehensive range of options for both merchant and customer.”
Calvin Ayre, the founder of the Ayre Group and one of the main backers behind the Bitcoin SV project, in light of the integration, announced that he is looking to migrate from Bitpay to Coinify.
He tweeted:
“I am ordering my team to stop using bitpay and to switch everything to coinify!”
Despite the increasing integration of Bitcoin SV, some users are not satisfied with what they see as “middlemen” in the cryptocurrency realm. They advocate an intermediary free financial transfer process build on cryptocurrencies.
Referencing the above a Twitter user replied to Calvin Ayre, stating:
“Wait, wait, wait. I thought cryptos eliminated fee-charging middlemen? Bitpay and Coinify charge such high fees they make banks and credit card companies look like saints. Crypto is a huge joke.”
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Source: AMB Crypto

Roger Ver: Fake social media accounts using my name have scammed over $6 million

Roger Ver, the CEO of Bitcoin.com and a major proponent of Bitcoin Cash [BCH], stated that fake social media accounts using his details have been used to scam online users of $6 million in cryptocurrency.
In the January 20 episode from the Bitcoin.com YouTube channel featuring Roger Ver, Corbin Fraser, and special guest Akane Yokoo from Peaceful Warrior, a BCH adoption merchandise website, the trio discussed the issue of “Crypto Impersonations,” especially the ones using Roger Ver’s name.
Scams built on using Roger Ver’s name have been on the rise with multiple fake accounts being used to contact uninformed Bitcoin and Bitcoin Cash investors, said Ver. He specifically spoke about the use of Twitter and Instagram to prop up fake Ver profiles.
He stated:
“Fake social media Roger accounts (Roger Ver accounts) they’ve scammed, that I know of, over $6 million dollars-worth of crypto.”
Roger Ver further broke down the aforementioned number as $5 million being attained from a single company, a million from another scam, and a few thousand dollar scams from other individuals.
Twitter scams have decreased after the social media website provided Ver with a verified symbol, decreasing the threat of impersonations. However, fake profiles of the Bitcoin.com CEO are still rampant.
Instagram users have to be cautious of the Roger Ver accounts that contact them, as his profile is not verified despite him submitting his passport for verification. Ver stated that his account on Instagram is @roger, with all other accounts being fake.
In light of the above scams, Ver affirmed in the interview:
“I’m never ever ever going to contact any of you guys asking for money or asking to invest in something via direct message on any of these social media platforms.”
Ver even suggested the idea of a “Proof of Human (PoH)” concept on the blockchain that will help the masses identify genuine and fake social media accounts. He even invited entrepreneurs to build such a network which he thinks is necessary for the market.
A post on Steemit, the social media platform that rewards people for content creation, detailed an encounter with a fake Roger Ver profile in order to scam a user. The post, published by a mrdeleted, stated that the fraudster got .08 of a Bitcoin [BTC] from the user by using Ver’s fake profile.
Crypto-impersonations were on the rise in 2018, with several top influencer’s profiles being misappropriated in order to swindle millions. In addition to Ver, fake profiles of Elon Musk, Vitalik Buterin, Erik Voorhees, Barry Silbert, and John McAfee have all been faked to run scams.
The post Roger Ver: Fake social media accounts using my name have scammed over $6 million appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Technical Analysis: Market correction lets bulls takeover the short-term

After the surprising high of Bitcoin Cash [BCH] at the beginning of the past weekend, proponents looked hopeful but the market correction soon pushed back the positive prospects. Just a day after BCH added over $60 million to its market cap in, the market cap stumbled by 5.43 percent as stabilizing forces began to take over.
The price of Bitcoin Cash has declined by over 5 percent against the US dollar and is now the second-worst performing coin in the top-10, behind Litecoin [LTC]. The market cap of the Bitcoin hardfork is now under $2.2 billion, with the coin’s price down to $124, after reaching $131 just 48 hours ago.
In terms of exchange volume division, P2PB2B boasts the three highest BCH trading volumes, with $16.47 million (7.29 percent), $15.47 million (6.85 percent), and $14.78 million (6.54 percent) with the BCH/USD, BCH/BTC, and BCH/ETH respectively. The trailing top exchanges are LBank and BitMart.
1-hour:

Straight off the bat, two prominent downtrends stick out in the one-hour chart, the first extending from $134.85 to $127.83 and the second, a more immediate one, ranging from $128.6 to $122.5. No prominent uptrend is noticed, barring a brief one from $126.21 to $129.49.
Bitcoin Cash has found support level at $125.41 during the previous week with the more immediate support level at $120.41. The two resistance levels mimic each other at $129.79 and at $130.51 respectively.
The Awesome Oscillator indicates a bullish market, as the AO line is below 0, with decreasing momentum as the bars are reducing their severity.
The Fisher Transform indicates a bullish switch in the market.
The MACD line shows that Bitcoin Cash has been in a bearish market since 10:00 UTC on 20 January. However, it has shifted to the bull’s side now.
1-day:

In the one-day chart, Bitcoin Cash witnessed two significant downtrends, one before the hardfork and one after it. The more prominent latter downtrend still persists and has extended from $629.55 to $134.26, a whopping 78.67 percent decline. In the midst of the aforementioned downtrend, a brief uptrend was noticed from $88 to $199.7 in mid-December.
Bitcoin Cash found resistance at $629.55 immediately prior to the hardfork, and since then the next resistance level was recorded at $197.44. The coin’s major support level in the one-day chart was pegged at $411.8, in September and October, however, it has since dipped to $75.59.
The Bollinger Bands indicates that the volatility of Bitcoin Cash has decreased since the start of the year while the Moving Average line points to a bearish trend.
The Parabolic SAR shows that the bears have taken control of the BCH market post-Christmas, with the dotted lines aligned above the coin’s one-day trend line.
The Relative Strength Indicator shows that Bitcoin Cash is being increasingly sold-off by investors since mid-December. At press time, the RSI of BCH stood at 38.44, down from 58.19 on 23 December, 2018.
Conclusion
The recent decline of Bitcoin Cash has followed the trend since the coin’s hardfork, as indicated by the one-hour and the one-day chart. However, major indicators point to a bullish market for Bitcoin Cash now.
The post Bitcoin Cash [BCH] Technical Analysis: Market correction lets bulls takeover the short-term appeared first on AMBCrypto.
Source: AMB Crypto

Biggest losers: Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] slump by 5%

The cryptocurrency market has once again succumbed to sideways movement and has now suffered a bear attack. As of January 21, major coins seem to be in a bad shape as many have fallen over 5%, at the time of press. The top losers of the market are Ethereum [ETH], Litecoin [LTC], and Bitcoin Cash [BCH].
Ethereum
Source: CoinMarketCap
According to the one-hour chart, Ethereum [ETH] the third-largest cryptocurrency, was valued at $117.23, with a market cap of $12 billion. The coin registered a 24-hour trade volume of $2.7 billion, with a fall of 5.95% over the past day. The coin has been falling over the past seven days by 0.97% and is still falling by 1.29% within the past hour.
The coin was highly traded on Bibox with the EOS/ETH pair. It reported a volume of $98 million. Bibox took the second place too with the ETH/BTC pair, and registered a volume of $94 million. The third place was taken by DOBI Exchange, with a volume of $89 million with the ETH/BTC pair.
Litecoin
Source: CoinMarketCap
Litecoin [LTC], the eighth-largest coin, was valued at $31.24, with a market cap of $1.8 billion at the time of press. It registered a 24-hour trading volume of $588 million, with a fall of 5.51% over the past day. The coin registered growth in the past seven days by 1.65%, but is falling at the time of press, by 0.05% over the past hour.
The coin registered a maximum trading volume on ZB.COM, with a trading volume of $80 million on the LTC/USDT pair. The second place was taken by OKEx, with a trading volume of $29 million on the LTC/USDT pair. The third place was taken by OKEx on the LTC/BTC pair and the volume registered was $27 million.
Bitcoin Cash
Source: CoinMarketCap
The fourth-largest coin, Bitcoin Cash [BCH], was valued at $122.91, with a market cap of $2 billion. The coin registered a 24-hour trade volume of $213 million, with a fall of 5.43% over the past day. The coin plunged even on the seven days chart by 2.89% and is still not recovering, as it dipped by 0.70%.
The coin registered a maximum trading volume on P2PB2B, with a trading volume of $16 million on the BCH/USD pair. Second on the list was P2PB2B with the BCH/BTC pair, registering a volume of $15 million. The same exchange took the third place too, with a volume of $14 million with the BCH/ETH pair.
The post Biggest losers: Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] slump by 5% appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap made a sharp U-turn and declined below the $115.00 support.
EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.
Bitcoin cash price is under pressure and it recently broke the $125 support level.
Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.
Cardano (ADA) price declined more than 6% below the $0.0450 support level.

Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a bearish zone. The price is down around 5.5% and it may continue to move lower towards the $120 or $118 support levels.
If there is an upside correction, the previous supports near the $125 and $126 levels may now act as barriers for buyers in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is down around 5% after it failed to gain pace above the $2.65 resistance. The price declined below the $2.50 and $2.40 support levels. The next key support is at $2.30 where buyers are likely to emerge.
Tron price trimmed most of its recent gains and declined below the $0.0260 and $0.0250 support levels. TRX price is down 3.5% and it seems like it may continue to decline towards the $0.0220 support.
Cardano price fell more than 6% after it broke the $0.0460 support. ADA price is now trading near the $0.0430 level, with an immediate support at $0.0420. The next major support is at $0.0412, followed by $0.0405.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside reaction from well above the $122.00B level. The market cap dipped sharply below the $120.00B support and a major bullish trend line on the same chart. It opened the doors for more losses and the market cap reached the $112.00B support level. There may be a short term correction, but upsides in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain capped.
The post Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level.
EOS price broke the $2.50 resistance and it may rise towards the $2.62 level.
Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance.
Tron (TRX) price is up more than 3% and it seems like it could test $0.0262.
IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level.

The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple, and altcoins like IOTA, TRX and ADA may climb higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found a decent support near the $125 level and later started a fresh upward move. BCH/USD recently broke the $130 resistance to move into a positive zone. The price may continue to climb higher and it could test the $135 and $136 resistance levels in the near term.
On the downside, an immediate support is at $130, below which the price could retest the $128 and $126 support levels.
EOS, Tron (TRX) and IOTA Price Analysis
EOS price is trading with a positive tone and it recently broke the $2.45 and $2.50 resistance levels. The next stop for buyers could be $2.62, above which buyers are likely to push the price towards the $2.80 level.
Tron started a fresh upward move and gained around 3%. TRX is trading nicely above the $0.0250 level and it may continue to grind towards the $0.0260 and $0.0265 resistance levels.
IOTA (MIOTA) performed really well recently and traded up by more than 7%. The price is cleared the $0.3050 and $0.3100 resistance levels, opening the doors for a run towards the $0.3250 and $0.3300 resistances.

Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move after a test of the $115.00B support level. The market cap gained traction and it recently surpassed a crucial bearish trend line with resistance at $117.20B on the hourly chart. It has opened the doors for more gains towards the $120.00B and $124.00B level. Hence, there are chances of a decent recovery in bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, ICX and other altcoins in the near term.
The post Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin SV [BSV] Technical Analysis: Bears looking to maul BSV

It has been two months since the Bitcoin Cash hardfork which resulted in Bitcoin SV breaking off from the fourth-most prominent cryptocurrency. Since its introductions, Bitcoin SV has been in decline, mirroring the rest of the market bearing the repercussions of the November hardfork.
Buoyed by the collective market increase, Bitcoin SV is trading in green, which looks to be short-lived given the market movement. Bit-Z holds the maximum trading volume of Bitcoin SV amounting to $9.69 million or 12.5 percent in the BCHSV/BTC trading pair. The world’s largest crypto exchange Binance comes in second with a 12.09 percent or $9.37 million trading volume of Bitcoin SV in the BCHSV/USDT pair.
1-hour

Bitcoin SV began the month in a relatively stable motion which halted on January 10, prior to the price decline. This decline began a series of price fluctuations. The coin experienced two downtrends respectively, the first of which began on January 10, and extended from $89.74 to $85.13, followed by a decline from $86.05 to $78.71. Between the two, an uptrend which extended from $75.68 to $85.66 was also experienced.
The immediate resistance level of the coin is $82.57, with a prior recorded resistance level placed at $87.77. The key support level was recorded last at $77.31 followed by at $76.06 and at $74.4.
The Parabolic SAR shows that Bitcoin SV is entering into a bearish swing as the dotted line is placed above the candlestick.
The Chaikin Money Flow indicates that investors are rapidly pulling their money out of Bitcoin SV with a steep decline in the CMF line.
The Fisher Transform indicator shows that the 2100 UTC on 14 January, the bearish line overtook the bullish line as the trend began to turn.
1-day

Despite its infancy in the market, Bitcoin SV has managed to reach the top-5 and even overtake Bitcoin Cash at one point, but BSV is now pegged at the 10th spot on the coin ladder while the prices continue to remain volatile. Given its short life-span, the coin has seen a downtrend since its initiation extending from $219.33 to $83.16 with a mild uptrend beginning on 23 November extending from $43.29 to $68.63.
The immediate key support level of the coin is placed at $69.38 with an earlier one placed at $43.29. The key resistance level of the coin is $114.09.
The Bollinger Band indicates that the volatility of the coin is beginning to decline as the mount begins to narrow in.
The Awesome Oscillator shows a red turn since the beginning of the year, with a mild indication of green lines, hence, pointing to a bearish market.
The Relative Strength Index points at a declining market sentiment, with investors increasingly selling off held Bitcoin SV. At press time, the RSI stands at 40.76, closing in on the oversold level.
Conclusion
Bitcoin SV may have started off on a high following the Bitcoin Cash hardfork, but given the recent trends the coin looks to be heading for a bearish swing, with all indicators pointing to a declining future for the coin.
The post Bitcoin SV [BSV] Technical Analysis: Bears looking to maul BSV appeared first on AMBCrypto.
Source: AMB Crypto