Bitcoin [BTC] is still going to $100,000, claims Heisenberg Capital’s Max Keiser

CNBC’s Crypto Trader Ran NeuNer, spoke to Max Keiser, Co-founder of Heisenberg Capital on the sidelines of the Magical Crypto Conference and discussed Bitcoin’s current trends.
Keiser said that he was bullish on Bitcoin in the long term, adding that he would be sticking by his “$100,000” prediction for Bitcoin. He stated,
“I never stopped make price prediction… I said it [Bitcoin] was going to a hundred thousand dollars and it was only a dollar and I said that all publicly… it is still going to a hundred thousand dollars”
He added that the timing of when Bitcoin would reach the mark was not important, but that it would outperform every other asset over the next 15 years. Additionally, he said that timing was only for people who were waiting to buy crypto at a better price and “that is a bad way to approach crypto.”
Keiser displayed his enthusiasm for crypto, commenting that, “Stack Satoshis… Stack SATs… you should be stacking SATs.” Giving his opinion on Bitcoin’s recent rally, Keiser said,
“I think that it goes back to when Federal Reserve issued a statement saying that they’re moving the policy to permanent quantitative easing… which means money printing without end. As you know Bitcoin is hard money, like gold, and it is going to respond well to hyperinflation and hyper-money printing.”
Further, Keiser claimed that Bitcoin bottomed when the Federal Reserve announced this a few weeks ago and that this was due to a couple of reasons. The first being Bitcoin’s upcoming halving which highlights the scarcity of Bitcoin. According to Keiser, the second reason was that the sellers were exhausted. All the above reasons, in totality, contributed to Bitcoin’s price rise, claimed Keiser.
Since Bitcoin has already proven itself as a store of value, Keiser remarked that it would be best to concentrate on Lightning Network, a layer-two scalability solution for Bitcoin and improve it as a medium of exchange.
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Source: AMB Crypto

Binance sees ‘higher number of orders’ than peak Bitcoin frenzy of 2017; hints at iOS app for Binance

Binance exchange, the world’s largest cryptocurrency exchange by trading volume, was reported to have problems with a couple of users since there was too much load on the exchange, especially with Web, PC, APP.
CZ tweeted:

Web, PC, APP are experiencing load issues. API users are fine. https://t.co/N39fshcOGy
— CZ Binance (@cz_binance) May 22, 2019

He also added that there was much “Higher load” than 2017 when Bitcoin reached its all-time high since inception. Moreover, CZ also said that the APIs for the exchange were working fine and that the team was working on fixing the other issues.
In addition, CZ clarified his tweet about “higher load” as he tweeted:

We are seeing much higher order volumes (number of orders) than Dec 2017/Jan 2018 (the peak).
Trade (not order) volume in USD is 1/3 of the peak, but BTC price is 1/3 and ETH price is only 1/5 of the last peak, most other main alt prices are even lower. https://t.co/e9M20gqnm0
— CZ Binance (@cz_binance) May 22, 2019

However, at press time, Binance was the second largest exchange in the whole of crypto space, according to CoinMarketCap, with an adjusted 24-hour trading volume of $2.3 billion. Moreover, as per CMC, the 24-hour change in the trading volume for Binance decreased by 25.78%.
Moreover, Coingecko platform reported that Binance was the largest in terms of the trading volume; it had a normalized 24-hour trading volume of $1.36 billion and $2.38 billion adjusted trading volume.
Although the exchange was hacked a few weeks ago costing it 7000 BTC [now worth $55 million] the exchange, according to CZ, has been performing well enough.
A Twitter user @Khaleed_kareem0, commented:
“Sir, You need bigger servers for this heavy traffic like FB and google, also need to avail the app officially on the App store and update the IOS version All the support for U @binance”
CZ replied to him hinting that they were working with Apple to release an iOS version of the app.
“working with Apple on that one. crypto apps are tricky, it seems.”
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Source: AMB Crypto

Bitcoin’s Lightning Network loses spark as network stats start to slouch

Bitcoin’s Lightning Network designed to free up Bitcoin’s on-chain congestion and improve its scalability seems to have lost its mojo as the network capacity, among others, have started declining for over a month.
The network capacity for Lightning Network, at press time, was 1020 BTC, which is worth $8.1 million. Over the course of a month, this has decreased by approximately 4%.
Source: 1ML
A similar trend of decline can be observed in the number of active channels on the network. It decreased by 5.4% over the month and was at approximately 36,592 channels, at press time. The number of new nodes in the last 24 hours has also declined by 15% and the current number of new nodes were at 17.
However, the number of active channels at press time increased by 1.35% in the last month and was currently at 4294 active channels. The fall in the activity of Lightning Network is noteworthy because the last few weeks have been rough as the on-chain fees for Bitcoin has reached somewhere between $3 and $4. Moreover, the number of unconfirmed transaction has been increasing simultaneously, increasing the mempool size of Bitcoin.
One can only imagine what would happen if the bull run actually begins and the price of Bitcoin skyrockets leading to similar, if not worse, situations as it did during December 2017.
A Reddit user Henry Cashlitt, commented:
“People don’t want to use LN when tx fees are high because it costs too much to open a channel. People don’t want to use LN when tx fees are low because then they can just send transactions cheaply directly on-chain.”
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Source: AMB Crypto

Tether [USDT] worth 12 million sent from Tether treasury to unknown wallet

Tether has been the center of rumors and speculation for a long time; however, the rumors and speculations reached a peak when NYAG, Letitia James, filed a lawsuit against Bitfinex and Tether for defrauding investors by covering up losses.
The lawsuit might have subsided after the new injunction by New York Supreme Court, but it is likely to resurface again. As per data obtained from CoinMarketCap, the market cap of Tether increased by a couple hundred million in the past month, which adds fuel to the rumor surrounding the exchange. Moreover, about 12 million USDT was moved from Tether Treasury to unknown wallets as seen on Ether Scan.
Whale Alert tweeted:

4,994,990 #USDT (5,038,694 USD) transferred from Tether Treasury to unknown wallet
Tx: https://t.co/qmFoxe41y4
— Whale Alert (@whale_alert) May 21, 2019

The funds were split into two transactions, ~5 million USDT and ~6.7 million USDT sent from a single wallet 5754284f345afc66a98fbb0a0afe71e0f007b949 to wallet b1fa690155821bf9191d609593b556048aca517c and 7c7019a8a4e8f0b900b88a3efca951b73afab9e8. The sender has a balance of 42 million USDT.
Source: CoinMarketCap
In addition, the above chart by CoinMarketCap shows how the market cap of Tether [also circulating supply] has increased by over a $300 million in a month, i..e, $2.6 billion to $2.9 billion.
A Twitter user @casPiancey tweeted:

Tether just keeps pumping 'em out – ten million more ETH, too. Bitfinex gets a 10 for attitude and a 0 for logic. pic.twitter.com/kD1xmHGWwu
— Eloncarlo"USDT33kByJuly" (@CasPiancey) May 21, 2019

Moreover, according to The Block, Tether also admitted in court to investing some of its reserves in Bitcoin. The article stated:
“Prior to the April 24th order … Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin, they bought bitcoin.”
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Source: AMB Crypto

Bitcoin’s [BTC] future: Prominent traders expect 30-40% correction in price, followed by a bull rally

CNBC’s Ran NeuNer spoke to a few prominent Bitcoin enthusiasts at the Consensus 2019 and explored how Bitcoin would perform in the upcoming weeks.
Tone Vays said that he was skeptical about the recent rally and that he needed a few confirmations to believe that the recent surge was the start of a bull run. He said:
“… I’m looking for correction between 33.3% to 40%… I’m still a little skeptical. I need to witness a pullback and a new swing high; I’m a big believer that the markets move with higher lows and higher highs. We are working at a higher high but we have not had a pullback.”
He further added that the pullback would be healthy if it was between 30-40% and that it would also be a good start to the bull run. If the pullback did not stop, it would make a new low where a lot of accumulation would occur. It would also signify strength and a possible start of the Bitcoin run, Vays added.
Peter Brandt said that the parabolic rally was underway as there were resistances at $6,600 and $6,800. He added:
“I really thought that we could go to $6,700, $6,8000 and hiccup at that level and possibly retest but we haven’t. So does that mean, we, at some point, go into congestion area and retest $5,700 and $6,000 level? Or do we go parabolic? “
In addition, he opined that Bitcoin wouldn’t go parabolic from here and that this parabolic move would make “dumb money chase it”. He also added that he had taken off light profits at the peak.
At press time, Bitcoin had surged by 10% over the day and was retesting the $8,000 level. However, the king coin has not broken through that range yet. Bitcoin, at press time, was priced at $7,970, with a market cap of $140 billion.
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Source: AMB Crypto

Bitcoin Cash, Ethereum, and other altcoins follow Bitcoin’s lead and pump by more than 6% in under 2 hours

Although the price of each cryptocurrency should matter on its own status and developments in its own ecosystem, it doesn’t. The price of altcoins is largely correlated to Bitcoin’s, which explains this pump in altcoins.
The second largest cryptocurrency, Ethereum, pumped by more than 7% in less than 2 hours, which was the same case for Bitcoin Cash. The price of Ethereum, at press time, was $249 and had a market cap of $26 billion.
Source: TradingView
Bitcoin Cash, the fourth largest cryptocurrency, pumped by 8% in under two hours. The price reached $385 and the market cap hit $6.7 billion.
Source: TradingView
The amount of Bitcoin Cash transferred in 24-hours was almost equivalent to its market cap, which is massive, and in simple terms, explains how Bitcoin Cash is better than Bitcoin in terms of scaling and transaction settling.
Other altcoins followed Bitcoin’s lead as they pumped; XRP, EOS, Litecoin, and Stellar Lumens surged by approximately 6% in less than 2 hours. However, Binance Coin didn’t react to the pump in Bitcoin’s prices.
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Source: AMB Crypto

Bitcoin surges by ~7% in under an hour; Has the rally finished correcting?

Bitcoin’s price rally in a parabolic curve led most of the community to believe that this was the bull rally, however, the correction of this surge was due, which began on May 16.
The correction wave, as expected by many prominent traders was approximately 30-40%, which would put the price of Bitcoin $5,000 to $5,800. However, the correction seems to have finished as the price of Bitcoin surged by more than 7% in less than an hour.
Source: TradingView
The market cap of Bitcoin, at press time, was $136 billion and most the volume for Bitcoin was coming from BitMEX exchange via trading BTC/USD derivatives. BitMEX contributed a total of $3.38 billion in terms of trading volume, which is 12% of the total trading volume.
A Twitter user @DoveyWan suggested a head and shoulder pattern for Bitcoin:

let's see whether we can break out the above neckline pic.twitter.com/ZNSSy5qKON
— Dovey Wan (@DoveyWan) May 19, 2019

CNBC suggested something similar, however, the pattern doesn’t seem to be holding. A Twitter user @thecryptomonk, tweeted:

Close your shorts.CNBC kindergarten chartist won't nail this pattern. https://t.co/BcvN6LNxRt
— The Crypto Monk (@thecryptomonk) May 19, 2019

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Source: AMB Crypto

Bitcoin worth $356 million was moved to two separate wallets

Bitcoin worth $356 million, at press time, was moved from a single wallet to two different wallets, with no further transactions occurring. This transaction contained a total of 48,000 Bitcoins.
This transaction as seen on the Bitcoin blockchain makes one of the receivers the 14th largest Bitcoin wallet. The sender has had the balance of 48,000 since December 29, 2018, but came down to zero, at press time.
Source: Blockchain.com
As seen above, the sender [174jWqrE2zrP57xWLAmwWCwxSHkJrfurWU] sent 47,000 BTC to  15VREscuZWHb41zzyivw6ZYagMyJ6YKFHd and 1000 BTC to 1HMSPFFfgcCGqXKNYq81yx4cWgDBnCo3qG.
The recent pump in Bitcoin’s prices has brought forth a frenzy last seen during 2017 bull rally; however, some believe that this rally could be a short squeeze. Others speculated that Bitcoin’s rally will come to dump once Binance activates withdrawals and deposits that were closed after the hack.
A bunch of other people speculated that this rally is similar to the one that occurred when CFTC first filed a lawsuit against Tether in 2017. @Bitfinex’ed, a  Twitter user commented:
“December 2017: Bitfinex CFTC subpoenas, Bitcoin price doubles. May 2019: Bitfinex sued by New York Attorney General, Bitfinex “super secret sauce” money laundering bank shut down and indicted for bank fraud and money laundering, Bitcoin price doubles. We know how this ends.”
Bull run or not, there are massive transactions of Bitcoins being moved to and from wallets, bringing all of the dormant Bitcoin bulls out of the closet.
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Source: AMB Crypto

Bitcoin’s parabolic surge causes price to hit $7,000; is this the new bull run everybody was waiting for?

Bitcoin’s rally in the past 10 hours is nothing short of a miracle, as it has pumped by 11% in over 10 hours, causing the price to surge from $6,200 to $7,000.
The market cap of Bitcoin has reached $125 billion and its dominance has hit 58% after the prices hit a new high of $7099. The 24-hour price change has caused Bitcoin to reach 11%.
Hourly Timeframe
At press time, the one-hour chart of Bitcoin showed a small correction in play after hit a high of $7,464. However, the price was currently at $7,132.
Source:: TradingView
Weekly Timeframe
Source:: TradingView
The price of Bitcoin on a weekly timeframe the price of Bitcoin had briefly touched the August 2018 highs for the first time. On this time frame, Bitcoin is in the resistance zone that extends from $$7,390 to $5,791; if the weekly close, which is on May 13, closes above $7,390, it would be a massive bullish signal for Bitcoin.
The sudden surge has definitely caught everyone by a surprise and there are quite a few people who believe that this could be the bull run; however, some are under the belief that this is a short squeeze that will be exhausted soon.
Justin Sun, the founder and CEO, of Tron, tweeted:

Never too late to buy. The best timing to buy $BTC, ten years ago or now.
— Justin Sun (@justinsuntron) May 11, 2019

CZ, the founder and CEO, of Binance, tweeted:

Although the CZ’s tweet showed a bullish bias on Bitcoin’s move, it was deleted a few minutes after later. Bitcoin’s surge is staggering as it has risen by approximately 114% since the start of 2019 and more than 80% of the rise took place in under 50 days.
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Source: AMB Crypto

Bitcoin’s sudden rally caused massive liquidations for short sellers on various exchanges

Bitcoin’s surge above the $6,000 level was sudden and shocked a lot of people as the price was a few hundred dollars short of hitting $7,000. This surge caused a lot of traders, novice, and veterans, to get liquidated on their shorts.
BitMEX Rekt, a Twitter bot that keeps track of all the liquidated orders was blowing up a few minutes after the 21:00 UTC on May 10, as the surge started at this point. The price at this point started at $6,200 and surged by a massive 11% in under 9 hours.
A Twitter user @Roy tweeted, “Don’t do leverage kids”
Source: Twitter | StartaleTV
BitMEX Liquidation
On BitMEX, 1 contract of XBT [Bitcoin Perpetual Contract] is worth 1 USD; below are the tweets that outline liquidate positions.

Liquidated short on XBTUSD: Buy 4,699,287 @ 6897 ~ BEYOND GODLIKE ~ Somebody Once Told Me The World Is Gonna Roll Me
— REKT (@BitmexRekt) May 11, 2019

Liquidated short on XBTUSD: Buy 1,073,628 @ 6851.5 ~ RAMPAGE ~ You traded in the wrong neighborhood
— REKT (@BitmexRekt) May 11, 2019

Liquidated short on XBTUSD: Buy 2,114,327 @ 6845.5 ~ M-M-M-M-Monster kill
— REKT (@BitmexRekt) May 11, 2019

Liquidated short on XBTUSD: Buy 2,114,327 @ 6845.5 ~ M-M-M-M-Monster kill
— REKT (@BitmexRekt) May 11, 2019

Needless to say, the tweets were a few examples of the havoc that Bitcoin’s sudden price surge wreaked upon the short sellers. The chart attached below shows how the shorts were mutilated by the longs.
Source: TradingView
Moreover, at press time, the price of Bitcoin took a short breather as it started its ascent again. The price was $6,480 and the market cap was $120 billion. Bitcoin dominance reached 59% and was rising steadily.
Bitcoin’s joy ride above the $6,400 has stirred altcoins to do the same as Ethereum, the second largest cryptocurrency, pumped by 10%, causing its price to reach $191. XRP pumped by 4% and led the price to hit $0.31. Litecoin is perhaps the only one to have taken full advantage of this rally as it was up by 14% in 24 hours and the price of LTC was $87; standing tall as the fifth largest cryptocurrency. Bitcoin Cash was up by 13% in 24 hours and was priced at $325.
Source: TradingView
Altcoins seemed to be doing well due to the Bitcoin rally, however, Bitcoin shorts were brutally mutilated by the longs. The rally for Bitcoin looks like it will start again, and it would be spectacular and surprising if it crosses the $7,000-level.
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Source: AMB Crypto

XRP, Bitcoin and other coins to be made available for purchase via credit cards on Bitrue

Bitrue exchange announced recently that an upcoming feature would allow users of the exchange to purchase cryptocurrencies directly via credit cards. The statement also mentioned the addition of XRP pairs to the exchange.
Bitrue tweeted:
“[Exciting News]: Credit Card Purchase will soon been brought live
@BitrueOfficial !! By May 15, you will be able to seamlessly purchase your $XRP and $BTC $ETH $BCH $LTC and trade it for other coin/tokens instantly! 47 $XRP pairs are live BTW!”
Although the tweet did not mention any details about the new feature, the exchange announced that the feature would be live from May 15, 2019.
Bitrue is not the first exchange to integrate credit card as an on-ramp to purchase cryptocurrencies. Binance announced the feature quite a while ago and implemented the use of credit cards to purchase cryptocurrencies. This feature was added on Binance due to the request of a user.
In addition, Bitrue also announced that 47 XRP pairs were live on the exchange; moreover, the exchange also had plans to organize an XRP meetup in Amsterdam on May 25. According to a blog, the CEO of the exchange, Curis Wang, said that he “will also share his vision and plan for Bitrue while making some big announcements!”.
Similar to Binance, Bitrue has been quite connected with its users and the crypto-community. Bitrue recently educated the community on a “vulnerability bug” on the XRP Ledger, which was exploited by the users, leading to the loss of XRP from certain exchanges.
A Twitter user @Vkumzy, commented:
“All you guys have to do now is launch your own Card with the ability for us to purchase stuff using our digital asserts and of course fiat deposits and withdrawals”
Another Twitter user @CryptoCelt, added:
“Well done to the Team behind the scenes and your self. Lots of hard work would have needed to be carried with regards to this. Testing Testing Testing the fundamentals of good IT.”
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Source: AMB Crypto

CZ starts charity to raise legal fees for people being ‘picked on’ by ‘loser (CSW)’

CZ aka Changpeng Zhao, CEO of Binance, has been known to be in touch with the needs of the crypto community. In his recent tweet, CZ announced the start of a charity which raises fees for people who are being picked on by Craig Wright.
CZ tweeted,

CSW is picking on the people who have a hard time fronting their legal fees. How about we do a @BinanceBCF charity program to raise money from the community for legal fees for anyone CSW sues?@PeterMcCormack @rogerkver @jihanwu
— CZ Binance (@cz_binance) May 7, 2019

Craig Wright, a Bitcoin SV proponent and self-proclaimed Satoshi Nakamoto, took the crypto community head-on when he started filing “harassment and libel” lawsuits against people who claimed that he was a fraud and was not the creator of Bitcoin. CZ expressed his views and was extremely vocal about Wright’s actions, leading to the delisting of BSV from Binance, which was followed by a lot of other exchanges doing the same.
CZ also added,
“The donations will be sent to selected lawyer directly from BCF, with proper verifications and tracked on the blockchain. And when the case is done, we should get the funds back from the lawyers.”
Additionally, CZ also said that the cases, after raising the legal fees, “should be a slam dunk” and that “loser [CSW]” would have to cover the legal fees. To build traction for this movement, CZ added that he will be donating “$10,000 equivalent in BNB.”
@Satoshi_D, a Twitter user, commented,
“How about they use all that ‘fraud evidence’ against him in court and send him to jail?”
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Source: AMB Crypto

1.65 billion BitTorrent Tokens worth $1.04 million transferred from an unknown wallet to Binance

A user transferred BitTorrent Token from an unknown wallet to a wallet on Binance. The user sent 1.65 billion BTT, worth approximately $1.04 million [$1,045,068].

1,650,000,000 #BTT (1,045,068 USD) transferred from unknown wallet to #Binance
Tx: https://t.co/jUxXnBg1jG
— Whale Alert (@whale_alert) May 5, 2019

The transfer took place at 03:16 UTC, on May 5. The sender, at press time, had no tokens in balance, however, the wallet had 0.1 TRX.
Source: WhaleAlert.io
Interestingly enough, the receiver has a total of 280 million in Tron [TRX]. In addition to TRX, the receiver had a massive collection of BitTorrent Tokens; a total of 39.11 billion BTT, among other tokens. The user had approximately 41 trillion ‘TESTTWO’ tokens, 1 trillion ‘like’ tokens, 1 billion ‘TronKey’ tokens, and more.
BitTorrent is a TRC-10 utility token based on the TRON blockchain to foster faster speed on the world’s largest decentralized application. In addition, the official website for BTT stated:
“BitTorrent Speed enhances the BitTorrent protocol for all users and all torrent clients. BitTorrent (BTT) tokens can be bid in exchange for faster downloads. Tokens will be stored in a built-in wallet and can be exchanged for TRON (TRX) tokens through a decentralized exchange.”
The token is listed on a few prominent exchanges in the space, including Binance, Bittrex, OKEX, Huobi HitBTC, and Bithumb, among others. BTT, at press time, was priced at $0.0006 and had a market cap of $131 million. The token was ranked 50 on CoinMarketCap.
A Twitter user @crazeonc tweeted:
“Someone planned to unload his BTT airdrop at binance coz that’s the shit coin ”
Another Twitter user @barirayban commented:
“No Justin, don’t dump on your followers..”
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Source: AMB Crypto

Vitalik Buterin appreciates Bitcoin Cash for scheduling implementation of Schnorr signatures ahead of Bitcoin

Vitalik Buterin, the brainchild of the second largest cryptocurrency, Ethereum, spoke at ETH Cape Town on April 2019. Speaking about the forks of Bitcoin, Buterin said that Bitcoin Cash SV was overrated and considered Bitcoin Cash to be underrated.
Buterin said:
“I think BSV is like still overrated for as long as the market cap has multiple digits; In Bitcoin cash, I think it’s actually underrated at this point.”
He added that Bitcoin Cash community has become “sane”, as the recent fork of Bitcoin Cash [which split into Bitcoin Cash ABC and Bitcoin SV] “expunged” the Bitcoin SV community. Specifically, he stated:
“If you actually follow the community, they’ve just become considerably more sane ever since they’ve expunged the Bitcoin SV people”
The fork of Bitcoin Cash into Bitcoin Cash ABC and Bitcoin SV took place in November 2018, which, at the time, was the center of attention in the crypto community. The ABC faction of the fork, supported by Roger Ver and Jihan Wu, performed considerably better than the faction supported by Craig Wright and Calvin Ayre.
Ever since the fork, Bitcoin Cash has performed better than Bitcoin SV, both in terms of price and community adoption. The price of Bitcoin Cash [formerly Bitcoin Cash ABC], at press time, was $288 and had a massive market cap of $5.11 billion compared to BSV’s numbers that were relatively lower. Bitcoin SV, at press time, was $53 and had a market cap of $945 million. In terms of the ranks of the two coins, BCH was the fourth largest cryptocurrency, however, BSV was the fifteenth largest cryptocurrency.
Buterin further added:
“… they’re [Bitcoin Cash] getting Schnoor signatures ahead of Bitcoin like that’s yeah they’ve got like real technical talent in there.”
Bitcoin Cash announced recently that they would be implementing Schnorr Signatures on the mainnet and they’ve also added the same on the testnet, where users can test the feature. According to the announcement, Schnorr Signature will be implemented on May 15, 2019.
Bitcoin developers have not quite mentioned the implementation of Schnorr Signatures and other privacy/security additions to the Bitcoin blockchain. However, there have been discussions about implementing the same.
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Source: AMB Crypto

Bitcoin [BTC]: Coin’s rally has begun, claims Peter Brandt on the basis of past data, technical indicator

Peter Brandt, an old school trader and author of “Diary of a Professional Commodity Trader,” posted a tweet suggesting that Bitcoin’s rally might have begun.
Brandt tweeted,
“The last time Factor’s benchmark weekly MA was in the current profile of turning from down to up was in Nov 2015 just as $BTC began its move from $340 to $19,800.”
Source: Twitter | Peter Brandt
Brandt spoke about BTC prices moving above the Factor’s weekly moving average, which was last seen in October 2015. The rally for Bitcoin started after the price moved above this moving average. From this point on, the price surged from $300 to approximately $20,000, which is an increase of 6,500% over 2 years.
Although Bitfinex and Tether’s drama has gripped the interest of Twitter, Bitcoin’s bottom is probably the most debated topic in 2019. The overall sentiment of the community flipped when the Golden Cross was formed, with people starting to believe that the rally had started.
Brandt’s theory was met with opposition from a trader, @IamCryptoWold, who disagreed with Brandt. Crypto Wolf tweeted,
“Uncle, the last time we found support on the monthly 21 EMA we started the moon walk”
Source: Twitter | @IamCryptoWolf
According to the above tweet, Bitcoin’s rally started after the prices moved above the 21-monthly exponential moving average.
There are people who are of the belief that Bitcoin bottomed in December 2018, while some are of the belief that the prices are yet to form the second bottom. The Double Bottom theory explains the people who fall under the latter category.
A Twitter user, @PaulAbarca13, tweeted,
“Wouldn’t it be nice if BTC went from 3400 to 198000 this time around…..”
@Gann540, another Twitter user, commented,
“We said that Peter at 3400$ and you said it’s going to die!”
Brandt replied,
“You also said that at $19800 — blocked.”
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Source: AMB Crypto