Bitcoin Cash ABC’s hash burst was rented from Bitcoin [BTC] network, says nChain’s CEO

Jimmy Nguyen, the CEO of nChain, recently spoke about the truth and consequences of Bitcoin Cash [BCH] hash war between the miners voting between Bitcoin Cash SV and Bitcoin Cash ABC. He began the talk by stating that the hash burst which took place in the network from Bitcoin Cash ABC’s side was rented or subsidized from the BTC network.
This, according to him, was done ‘in order to artificially boost the support for Bitcoin Cash ABC far higher than it had ever been in the days and weeks leading up to the hard fork’.
Jimmy further explained why nChain did not bring more hash to support Bitcoin Cash SV. Though the team had access to thousands of petahash worth of support for Bitcoin Cash SV, they decided not to go with it to avoid the consequences it would have in the future for the Bitcoin Cash community.
According to him, it is hypocrisy to move hash for a day or two from the rival network that most of the community do not like, and use that to claim victory. Jimmy said:
“The whole reason that such hash was available on the BTC network to move onto BCH is because the people who should have fought Bitcoin Core did not, and splintered off to create the Bitcoin Cash network, and allowed BTC to continue on. That’s perfectly fine. But now they’re borrowing hash, renting it, subsidizing it from the very network they so vehemently oppose many of them to try and claim a victory on the BCH network.”
It is important to think about the governing model when there are disagreements. When the Nakamoto Consensus was written in the Bitcoin whitepaper, there was supposed to be only one Bitcoin network. Bitcoin Network has its magic in its economic incentives. Currently, the Nakamoto Consensus is being tested for the first time, he added.
Jimmy said:
“Satoshi Nakamoto could not have envisioned, at the time the white paper was written, that there was going to be some splintered-off network using the same hash algorithm. And with the idea of one CPU equals one vote, or miner hash power equals the vote, it was designed.”
He also said:
“I’m sure most logical people can agree with it to recognize that the people who have an ongoing continuous invested interest in the network are the ones that should vote on a rule set.”
The ABC supporters have been very quick to declare that they are the winners in this hash was by moving BTC hash by Bitmain and other sources. However, nChain’s Craig Wright and Coingeek’s Calvin Ayre is taking an alternate path to achieve genuine and legitimate sustained hash that supports the network, said Jimmy Nguyen.
He added:
“And that is why, if you notice, over the days leading up to the hard fork., the CoinGeek, SVPool, and BMG pools started gradually increasing the hash they were devoting to the network.”
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Source: AMB Crypto

Ethereum [ETH] Technical Analysis: The cryptocurrency is still pining for a bull run

The volatility in the crypto market has begun as most of the coins are thriving to gain momentum in the past 24-hours. The downfall of Ethereum [ETH] seems to continue for a longer period. The market capitalization gained by XRP appears to be a great barrier for ETH to gain its 2nd position back on the charts.
At the time of writing, Ethereum [ETH] is trading at $175.55 with a market cap of $18.13 billion. The 7-days statistics of ETH still shows a red signal with a 16.68% decline. The 1-day chart depicts an insignificant growth of 1.15%. The coin is being traded on various exchanges such as LBank, BitForex, Huobi etc., with the highest volume of 4.84% from OEX on ETH/BTC trading pairs.
1 hour:
ETH 1 hour chart | Source: TradingView
The 1-hour chart of ETH shows a downtrend extending from $210 to $178 and the resistance points fixed at $210.28 and $200.63. The uptrend in this time frame is from $172 – $174 – $176 with a recent support point set at $172.
The Bollinger Band is forming a narrow path indicating less volatility in the ETH market. It is also being noticed that a similar trend was followed by Bollinger Band on 14th November, which led to a negative price breakout.
The Awesome Oscillator has gradually started to form the green lines on the histogram. The indicator is trying to recover from the previous bear trend.
The Chaikin Money Flow depicts that there is less inflow of money in the ETH market as the indicator continues its journey below the zero line.
24 hours:
ETH 1 day chart | Source: TradingView
The 24 hours chart of ETH shows a downtrend ranging between $519 – $214 – $177 with a resistance set at $285. The support formed at $188 has been broken and the price continues its downward correction.
The MACD shows a bearish crossover with the moving average lines traveling below the signal line. The histogram is also forming negative bars depicting the beginning of a bearish trend.
In the Aroon indicator, the Aroon Up line has taken a bearish crossover and moving towards the 0 line showing that the bullish trend is exhausting. The Aroon Down line has touched the maximum point and is currently moving in the opposite direction.
The Relative Strength Indicator [RSI] has crossed the oversold line and moving back to the RSI region. According to the chart, it can be noticed that buying pressure has been overtaken by selling pressure in this timeframe.
Conclusion:
Considering the previous market trends of ETH and the signs of the indicators in the above-mentioned timeframes, there is a high chance of a persistent bearish zone.
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Source: AMB Crypto

Cardano [ADA] 1.4 update to be released by end of November or early December

Cardano’s Charles Hoskinson, the CEO of IOHK did an AMA [Ask Me Anything] on YouTube on November 17. He spoke about the upcoming 1.4 and Shelly update for Cardano 1.4.

Hoskinson said:
“The update 1.4 for Cardano is coming along well and we’re in regression testing right now. We’ve had a few regressions but nothing significant is found yet and it’s a lot of new code. There has been a huge amount of refactoring on the core, and we’ve found new database solutions, so we’ve gone from lots of storage to little storage and become much more efficient.”
He continued saying that the biggest development that has happened is in the wallet backend. Moreover, Hoskinson confirmed that it was the first piece of formally verified code that they’ve had.
Hoskinson further confirmed that the development cut-off was a few weeks ago and that they were working their way through the QA which is being led Alan McNicholas, the head of the QA department at IOHK and his team.
Hoskinson stated:
“The update won’t be taking much longer, I’d say a few more weeks and hopefully we should have the update 1.4 release by end of November or early December. And it’s the most significant update we’ve ever made to the Cardno ecosystem.”
The Cardano 1.4 update is the foundation for the new wallet’s backend. Hoskinson had previously explained that the current Cardano SL code was never meant to be something that is long-term. He also mentioned that the existing code will be heavily changed and refactored to drop dependencies and make architectural changes.
Charles Hoskinson added:
“After the 1.4 update, every update is going to be Shelley related so the first major update will be basically some new code for Ouroboros BFT and that’ll get us all aligned up so that we can start moving towards some variant of Ouroboros.”
He said that there were five different teams that were using the test implementations of Ouroboros in different capacities and that they’ve published a paper on e-print for Ouroboros.
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Source: AMB Crypto

XRP Technical Analysis: The short term bull trend stays stronger with 8% hike in a day

The cryptocurrency market seems to be slowly gaining traction after the massive bear hit which took place last week. The price of Bitcoin [BTC], which had touched as low as $5,358 on 15th November is gradually increasing. At the time of writing, BTC is trading at $5,593 and has shown approximately 1% gain in the past 24-hours.
However, the 7-day chart still shows a 12.59% decline. The case remains the same with other cryptocurrencies, as they are moving out of the bear’s claws.
However, XRP continues to maintain its 2nd position on the market list with a bright green signal. At the time of writing, XRP is trading at $0.51 with a market cap of $20 billion approximately. The 24-hour and 7-days chart shows a gain of 8.32% and 1.57% respectively.
1 hour:
XRP 1 hour chart | Source: TradingView
The 1-hour chart of XRP looks bullish with upwards trend lines extending from $0.43 – $0.47 – $0.49 and $0.48 – $0.52. The resistance point created $0.51 on 14th November has been broken and the price has moved further to reach the current rate.
The Parabolic SAR depicts a highly positive outlook for XRP at the moment. The dotted pattern is clearly aligned below the candlesticks and moving towards the bullish end.
The Awesome Oscillator is forming red bars above zero line of the histogram, depicting a slight downtrend in this 1-hour time frame.
The Chaikin Money Flow graph demonstrates an upward momentum with buyers maintaining their position in the XRP market with a good amount of inward money flow.
24 hours:

In the 24 hours chart of XRP, we can see an uptrend formed from $0.26 to $0.47 with the recent resistance point set at $0.58.
The Bollinger Bands are forming a slightly narrow path, indicating that there will be less volatility in the XRP market.
The MACD is experiencing a bearish crossover with the moving average line continuing its journey closely aligned with the signal line. The histogram has also formed negative bars below the zero line in this time frame.
The Aroon Indicator shows a bearish trend as the Aroon Up line is moving toward the zero line. The Aroon Down line has hit the maximum and is currently showing a trend reversal. This might let the bulls take over the market at the end of this trend.
Conclusion:
According to the above Technical Analysis, the price of XRP will continue the bullish trend for a short time as the indicators are strongly in favor of a bull run in the 1-hour chart. On the long run, the indicators are not highly supporting the bull run, however, a positive trend reversal can be expected.
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Source: AMB Crypto

Switzerland approves the very first cryptocurrency ETP includes Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin

While the whole cryptocurrency community has been waiting for the SEC to approve a Bitcoin ETF, Switzerland has yet again proved that they are one step ahead than any other country in terms of encouraging institutional investors to participate in this space.
According to reports by Financial Times, Switzerland’s main stock exchange has opened its doors for the first ETP tracking multiple cryptocurrencies. SIX Swiss Exchange, based in Zurich, will start the trading of Amun Crypto ETP from next week. The ETP is designed to track an index of the five well-known cryptocurrencies. This includes Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH] and Litecoin [LTC].
The division is set to 24.4% XRP, 16.7% Ethereum, 5.2% Bitcoin Cash, 3% Litecoin and the rest will be Bitcoin. The annual management fee for the ETP is 2.4%. Additionally, it is unclear on which fork of BCH they will be opting for since the fork took place earlier this week. The fork has resulted in the network splitting into two, commonly known as BCHSV, which is an upgrade from nChain’s Craig Wright and Coingeek, and BCHABC, which is an upgrade from Bitcoin ABC and Bitmain.
Co-founder and CEO of Amun, Hany Rashwan stated that the exchange-traded product is formed in a way that it meets the standards which are set for a traditional ETP that is extensively opted by the investors. He further added:
“The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments.”
Dag1975, another Redditor said:
“This might encourage the SEC to allow an American ETF. The rest of the world doesn’t wait for US regulators.”
Cryptolicious501, another Redditor said:
“Well if 50% to 60% investors grew a pair and said fck the SEC the bull run would begin… its as simple as that. The fact that the SEC has almost all investors cowering in the corner, “P-p-please, master… SEC when?” bespeaks volumes of investor psychology or lack there of. :/”
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Source: AMB Crypto

Dominance of XRP over Ethereum [ETH] isn’t new; gap in market caps broadens

In the month of October, a report published by Bloomberg Galaxy Crypto stated that XRP is weighed more than Ethereum by 1.08%. This was shown by the Index Constituent Weights included in the report. Furthermore, XRP was also noticed to weigh only 6% less than Bitcoin [BTC].
Index Constituent Weights | Source: Bloomberg Galaxy Crypto
Earlier this week, CoinMarketCap, the online portal that aggregates cryptocurrency-related data finally showed XRP overtake Ethereum [ETH] when the coin moved up by a spot to push down Ether. At first, the market caps of both the coins were at par, vying for the second spot. However, this time, XRP sustained its position and left its competition behind.
At the time of writing, Ethereum is trading at $174 with a market cap of only $17.9 billion, after hitting below $200 a few days ago. The coin lost its glory when the market cap started to diminish from $22 billion [approx.]. Ether is currently down by over 2% amidst the bearish crypto-market.
ETH 7-day price and market cap | Source: CoinMarketCap
Simultaneously, the market cap of XRP continued to appreciate, widening the gap between the two coins and making it difficult for Ethereum to reclaim its lost glory.

At press time, XRP is the only token riding the bull. The token is up by 1.6%, trading at $0.47 with a market cap of $19.3 billion. The total 24-hour trading volume is recorded at $535.2 million.
In a Twitter post released regarding the cryptocurrency report by xrp_news, a fan channel for the XRP community, RevoluXn, a crypto-follower wrote:
“And this was back in October! Imagine what it will be next month.”
Axe Slinger, another Twitter user and a blockchain space follower also commented:
“Interesting that it’s only 6% below BTC when XRP marketcap isn’t nowhere near 6% less than that of BTC. Meaning they aren’t simply looking at marketcap or consider marketcap irrelevant. Great find!”
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Source: AMB Crypto

XRP rockets by 10%; Ethereum [ETH] left behind as the gap between coins broaden

As the cryptocurrency market takes off from the bear market, XRP appears to be way ahead of the curve. Earlier this week, XRP overtook Ethereum [ETH] when it surpassed the latter’s market capitalization.
In the course of two weeks, XRP has slashed ETH twice to claim the second spot. Only this time, the damage for Ethereum seems permanent as the market caps between the two broadens every day.
At the time of writing, XRP has taken a steep upturn of 10%, trading at an appreciated price of $0.51 with a market cap of $20.6 billion. The total trading volume of the token in the past 24 hours is recorded at $729.4 million.

In the 1-hour candlesticks, XRP also broke the earlier resistance by a small figure. In the last 1-hour candle, the previous resistance set at $0.51 will also be broken if the candle closes above $0.52.
For this XRP rally, the maximum trading volume is hailing from Binance, the leading cryptocurrency exchange in the world. The trading volume is contributed by two pairs on Binance, XRP/BTC and XRP/USDT, which together add up to $119.4 million.
The Japan-based exchange, Bitbank is also catching up in contributing to the trading volume of XRP, wherein the pair XRP/JPY is alone being traded heavily on the exchange. The trading volume of this pair is recorded at $103.1 million.
This price hike could be associated with the success of Ripple, XRP’s parent company, in the FinTech industry. As the leaders of Ripple travel around the globe and hold talks with the institutions that matter, it is reflecting on the XRP ecosystem in the most profitable ways.
Recently, Brad Garlinghouse, the CEO of Ripple conducted a both-ways interview session with Ross Leckow, Deputy General Counsel, International Monetary Fund. At the Singapore FinTech Fest 2018, the two discussed the remittance space and its advancement through blockchain in detail and the regulatory framework required to facilitate the change.
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Source: AMB Crypto

Tom Lee: Bitcoin [BTC]’s dip below break-even point will see cryptocurrency hit only $15,000 by EoY

Tom Lee trimmed his Bitcoin end of the year [2018] prediction down to $15,000 from his earlier prediction of $25,000 in a statement recently. Bitcoin is among the cryptocurrencies that took a massive hit due to the recent sell-off that was set-off by the contentious arguments on Bitcoin Cash fork.
Thomas Lee aka Tom Lee is the co-founder of Fundstrat Global Advisors and is one among the people who are known for their wild predictions on Bitcoin [BTC].
Tom Lee explained that this new prediction came as a result of Bitcoin dipping below the ‘break-even” point. Break-even point is the level where the mining costs are equal to the trading price. According to Fundstrat’s data science team, the break-even point has come down to $7,000 as compared to the earlier break-even price, which was predicted to be $8,000. These tests were conducted on Bitmain’s S9 miners.
Based on the break-even price, Tom Lee re-predicted the price that Bitcoin might hit at the end of the year.
He stated:
“While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism, but we believe the negative swing in sentiment is much worse than the fundamental implications.”
Lee said the recent double-digit crash of most cryptocurrencies like Ethereum [ETH], XRP and Bitcoin were triggered by “crypto-specific” events. The most obvious crypto-specific event was the “hash wars” which was due to the forking of Bitcoin Cash to Bitcoin ABC and Bitcoin SV.
Lee first predicted the price of Bitcoin would reach $25,000 by the EoY on July 5, 2018, which sent shockwaves and speculations in the crypto community.
Lee’s had said:
“Bitcoin has historically traded 2.5 times its mining cost, so it’s not out of the question that it could be $20,000 by the end of the year.”
The current price of Bitcoin is $5,530, and for it to reach $15,000 by the EoY, the price has to rally by an excess of 171.24%. The recent sell-off has caused the market cap of Bitcoin to collapse below the $100-billion line and is currently at $96.12 billion.
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Source: AMB Crypto

Cardano [ADA/USD] Technical Analysis: Cryptocurrency price falls to yearly low as bear continues to enjoy its spoils

The bear attack has not been pretty to watch with several cryptocurrencies crumbling under the pressure. Even popular cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH] and Cardano [ADA] were not spared from the ruthless attack, with some coins even breaking their price supports.
1-hour

The one-hour chart shows Cardano’s [ADA] price moving sideways after a freefall from the top. The downtrend saw the price drop from $0.0743 to $0.061. The support was broken recently, with the price falling to its yearly low of $0.0581. The resistance has been holding at $0.0824.
The Bollinger band has undergone a slight divergence, with the size of the Bollinger cloud increasing, indicating multiple trend changes.
The Chaikin Money Flow has taken a hairpin turn towards the zone of the graph, which is a sign of the money outflow increasing. The indicator staying above the axis shows that ADA is reaching out to the bull’s realm.
1-day

The Cardano one-day chart shows the grave situation of the cryptocurrency falling to its lowest value in over a year. The new support right now is at $0.061, with the downtrend taking the coin falling from $0.174 to $0.061.
The MACD indicator points to the signal line moving downwards while the MACD line has become one with the axis. The bear maul has also affected the MACD histogram, almost making it tend to zero.
The Awesome Oscillator has reflected the bear attack, with the market momentum almost negligible now.
Conclusion
The support break has done Cardano no favors with the AO, CMF and the MACD all pointing to a continued bear run.
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Source: AMB Crypto

Lightning Network’s capacity increase by 167% in a month; Network’s collective capacity is now worth $1.64 billion

Lightning Network has gained widespread adoption as the number of nodes on the network have reached 4,073 and the total network capacity [at the time of writing] has reached $1.64 million [281.07 BTC].
As per the data obtained from 1ML, the total number nodes currently up and running on Lightning Network have reached 4,073, which is the highest since its inception. Off the 4,073 nodes, 2,947 are public nodes and the total number of channels created for these existing nodes altogether is at a staggering 12,511 with an average of 12.6 channels per node.
This is an important milestone for Lightning Network because as per the statistics it can be inferred that the Lightning Network holds a total of $1.64 million worth of Bitcoin. The network capacity has increased by a massive 167% in the past 30 days.
To make matters more interesting, this growth of Lightning Network was seen in the past four months [138 days]. Considering that Lightning Network was introduced only a year and a half back this is an exponential increase in the adoption of the network.
Lightning Network is a process of transacting and settling payments off-chain so as to reduce the transaction times and drastically lower transaction fees. Lightning Network is a”second layer” payment protocol that operates most commonly on Bitcoin. It creates nodes between transacting parties to make the payments faster. Lightning Network was introduced to solve Bitcoin’s scalability problems.
A Twitter user @DRIVEMarkets tweeted:
“Lightning network growth has exploded in the last week. Over 224 BTC is now held on Lightning Network channels.  From $649,000 to over $1.2 million in under 5 days.”
Source: Twitter
It must be noted that statistics from 1ML are aggregated and calculated from multiple nodes within the Lightning Network. Due to the decentralized nature of the Lightning Network, the numbers observed are approximations and nodes that don’t broadcast their state are not included.
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Source: AMB Crypto

Bitcoin [BTC] has “too much brainpower, research, adoption and money” to fail: Monero [XMR]’s Fluffypony

As the Bitcoin Cash [BCH] hash war ensues, the Bitcoin [BTC] community is becoming increasingly known as being toxic. Known as the Bitcoin maximalists, these individuals are beginning to take over the safe space of many individuals in the cryptocurrency space, as mentioned by WhalePanda, a crypto-influencer.
Speaking on the Magical Crypto Friends show, he stated that a lot more criticism is being levied against the BTC community, along with more infighting. He further elaborated that people are beginning to “feel attacked” and that it was “not a safe space anymore” as they get criticized immediately.
He stated that it was “a bit toxic”, with even Vitalik Buterin speaking up about the issue. Bringing the question to his peers, namely Litecoin [LTC]’s Charlie Lee, Blockstream’s Samson Mow, and Riccardo Spagni, the handler of the Monero [XMR] codebase. Spagni was the first to respond, prefacing his opinion with a statement that he was a firm believer in Bitcoin and its success. He further stated:
“I think that there is too much brain power, research, adoption and money that has been poured into Bitcoin for it to fail. I truly believe that. Obviously there’s always a chance but I think that the chances a Bitcoin failing are at this point infinitesimally small I think the chances of every other altcoin failing are higher.”
However, after stating so, Spagni said that he believed that it was a rational belief. However, he broke away from one of the most basic beliefs of Bitcoin maximalists: that the coin was set to be the world currency. Spagni said that he did not believe in a world where “every human on the planet” would find a need for sound money in the form of Bitcoin. He stated:
“It’s like the entire world waking up and saying, ‘you know what sucks? Human government. You know what we’re going to do, we’re gonna have a new form of government that doesn’t involve humans. I mean it’s like that might happen but the chances are its not gonna happen because we’re dumb and we’re human and we’re imperfect.”
Spagni stated that humans are not going to globally adopt Bitcoin, and that they will always be pushed around by “the charlatans and snake oil salesman” of the world. He elaborated:
“You can promote Bitcoin as being sound money no problem but then you can also accept that there are going to be other projects along the way that might also survive. Just accept it and see what happens.”
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear continues to lead the market

The whole cryptocurrency market was massacred by the bear’s attack earlier this week. All the top cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC] bled double digits in the market. Nonetheless, the market is trying to recover from the attack by sprinkling green on some coins.
Monero, [XMR], the tenth-biggest cryptocurrency by market cap, had also hoped on to the bandwagon of crushing the investors. According to CoinMarketCap, at press time, the famous privacy coin was trading at $86.43, with a market cap of $1.43 billion. The cryptocurrency had a trading volume of $16.32 million and had plunged by 2.05%.
1-hour
Monero [XMR/USD] one-hour price chart | Source: Trading ViewIn the one-hour chart, the cryptocurrency shows a downtrend from $106.53 to $87.37 and an uptrend from $82.19 to $87.17. The coin demonstrates that there is an immediate resistance at $90.26 and a strong resistance at $95.11. The chart also shows that the coin has gained a strong support at $82.16 level.
Bollinger bands are currently contracting as the market is less volatile and a massive price action is highly unlikely to occur.
Parabolic SAR shows a bearish trend as the dots have aligned on top of the candlesticks.
Chaikin Money Flow also pictures a bear’s rule. This is because the CMF line is below the zero line, depicting that the money is flowing out of the market.
1-day
Monero [XMR/USD] one-day price chart | Source: Trading ViewIn the one-day chart, the cryptocurrency shows a downtrend from $292.71 to $114.07. Additionally, the price fell further from $106.81 to $90.25. The chart also shows that there is an uptrend from $84.20 to $101.77 and from $1o1.77 to $1o5.45.
The coin has to first breach the immediate resistance at $114.17 in order to get to the strong resistance, which is currently set at $147.56. The coin has a strong support at the $84.11 ground.
Klinger Oscillator indicates that the coin is going to be in the bear’s grip as the reading line was below the signal line, showing no signs of recovery.
MACD is also showing that the bear has no intention of letting the coin loose as the moving average line was well-below the signal line.
RSI is in complete agreement with both MACD and Klinger Oscillator as the indicator demonstrates that the selling pressure is currently more than the buying pressure. Nonetheless, a trend break-out could occur soon.
Conclusion
The market is currently in favor of the bear as the carnivores mammal has the support of the Parabolic SAR and the CMF from the one-hour chart and all the indicators from the one-day chart.
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Source: AMB Crypto

Bitcoin Cash [BCH]’s Roger Ver: Even Monero or Dash could be accepted as world currency

The Bitcoin Cash [BCH] hard fork was the main topic of conversation over the past week, with the involvement of several parties within the BCH network. The hard fork which was made popular by Jihan Wu, Roger Ver, Craig Wright, and Calvin Ayre occurred on November 15, when the Bitcoin Cash network split into two, the Bitcoin Cash ABC and Bitcoin Cash SV.
Speaking to Crypto Coin Trader, Ver, the Chief Executive Officer of Bitcoin.com acknowledged the right between the parties within the BCH network and stated that:
“The internet has a lot of good people and lots of bad people. I only tend to engage with the good ones.”
He also said that he was pleased with how the Bitcoin Cash hard fork took place on the 15th, where the Bitcoin Cash ABC team had the lead over the SV team. The ABC side had mined more blocks under the new consensus rules. He went on to say:
“I stayed up all night watching the fork. It was like Christmas night for me.”
The Bitcoin.com official said that he does not mind if cryptocurrencies like Monero or Dash was also accepted as a world currency. He reiterated that his only aim was to provide economic freedom to the people and Bitcoin Cash at the moment was the best way to do that. Ver added that the fork is a good thing and even called back to original Bitcoin hard fork, saying:
“I wish the bch-btc split had occurred earlier. If the fork had happened had happened before then Bitcoin Cash could have had a multitude more use cases.”
Roger Ver was also in the news recently when he talked about Bitcoin.com launching a cryptocurrency exchange. He had said:
“Most of the time I say something important and nobody really cares. Other times I mention something in passing and the idea of the exchange was said exactly like that. Of course, we are going to launch an exchange, we are Bitcoin Cash. It would be highly surprising if we don’t launch an exchange.”
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Source: AMB Crypto

XRP/USD Technical Analysis: Could bears cause blood-spill over the green grass?

Across the cryptocurrency board, XRP is the only coin to be witnessing green figures post the market crash. Furthermore, the coin has managed to sustain the second spot after racing Ethereum [ETH].
At the time of writing, the token was up by 0.15%, trading at $0.47 with a market cap of $19 billion. The total 24-hour trading volume was recorded at
1-hour:
XRPUSD 1-hour candlesticks | Source: tradingview
The 1-hour analysis of the XRP candlesticks depicts two trend lines wherein the downtrend extends from $0.51 to $0.48 and the uptrend stretches from $0.43 to $0.47. There is a clear indication of a trend breakout as the trendlines are about to collide into each other.
The Parabolic SAR is presently negative on the coin’s fate. The dots are aligned above the candlesticks, pushing the price downwards.
The Awesome Oscillator is bullish on XRP as the bars are glowing green as of now.
The Chaikin Money Flow is seen taking a downward approach to predict a bearish market for the token.
1-day:
XRPUSD 1-day candlesticks | Source: tradingview
In the 1-day scenario, the XRP price trend is witnessing an uptrend from $0.27 to $0.47 and a resistance level set at  $0.58. The support line is forming an ascending triangle with the resistance level, suggesting a progress in the XRP market.
The Bollinger Bands are not predicting an increased volatility in the price trend. However, the bands have left space for the prices to fluctuate, forming a wide tunnel-pattern.
The MACD has just made a bearish crossover by the signal. The reading line is approaching further down to side with the bear.
The RSI has taken a neutral stance on the subject. The indicator was moving downwards but begun traveling horizontally, denying to confirm the coin’s fate.
Conclusion:
In this technical analysis, the majority of the indicators are projecting a negative price trend for XRP. A trend break out is predicted as well, but the Bollinger Bands are have suggested low volatility in the market.
The post XRP/USD Technical Analysis: Could bears cause blood-spill over the green grass? appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] creator reportedly surfaces; community speculates Craig Wright pulling fast one

The creator of Bitcoin [BTC], the very first decentralized cryptocurrency, Satoshi Nakamoto is hailed as a legend around the globe. The identity of Satoshi Nakamoto continues to remain unmasked. However, according to Twitter handle, Satoshi Nakamoto is going to reveal his identity.
This is not the first time someone has claimed the rights to the identity. There have been several individuals, however, the only strong claim that made a huge impact in the whole cryptocurrency community was that of Craig Wright’s. After Craig proclaimed to be Satoshi Nakamoto, it was soon dismissed as bluff as there was not any concrete evidence to support the claim. This eventually resulted in the entire community calling Craig, Faketoshi.
A twitter profile that goes by the name Satoshi Nakamoto now has made some shocking claims. First, the handle posted a link of a transaction dated back to January 9, 2009. This was the same day Nakamoto released the Bitcoin version 0.1 on Sourceforege, according to Wikipedia.
Bitcoin [BTC] transaction posted by Satoshi Nakamoto on Twitter | Source: BlockchainThis was followed by the Twitter handle claiming that there is an issue with the Segwit. This issue potentially destroyed Bitcoin and that it was important for him for it to work, so much that he is ready to reveal his identity.
The Tweet read:
“I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing and I would have failed. There is only one way that Bitcoin survives and it is important to me that it works. Important enough, that I may be known openly.”
Succeeding which, the handle claimed that this will be revealed in December 2019. It said:
“The message will be clear in Dec 2019.”
This resulted in the majority of the community claiming that it was Craig Wright who was in control of the account.
Hatterzly, a Redditor said:
“CSW’s stink all over it. Problems with segwit, announced by the decade-anonymous and absent creator right in the midst of a hashwar. Yep, ok, sure.”
Reddmon2, another Twitterati said:
“I’m downvoting this as I believe this is just CSW up to mischief. It lines up with the things he’s been saying recently. If it really is Satoshi, he could easily prove it in one tweet. There would be no need to speculate then.”
The post Bitcoin [BTC] creator reportedly surfaces; community speculates Craig Wright pulling fast one appeared first on AMBCrypto.
Source: AMB Crypto