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‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

Bitcoin king

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap is a lie. Buy support tells the true story,” developers claim on its main page. Buy support rating separates investments

The post ‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins appeared first on Bitcoinist.com.

Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms

Changpeng Zhao Binance

The world’s largest cryptocurrency exchange by means of traded volumes will be launching its own public blockchain in “a couple of months or so,” according to its CEO, Changpeng Zhao.  ‘There Will be Millions of Coins and Thousands of Blockchains’ Speaking at the stage of Forbes Asia Forum: Decrypting Blockchain, the CEO of the Binance Changpeng Zhao (CZ) revealed that the company’s public blockchain dubbed Binance Chain will be released very soon – within the

The post Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms appeared first on Bitcoinist.com.

Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin 51% attack

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in

The post Vertcoin 51% Attack Could Have Caused $100K in Double Spending appeared first on Bitcoinist.com.

Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record

In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'

Venezuela saw yet another new record for Bitcoin use December 1 after another week of economic shake-ups made the cryptocurrency more appealing than ever. 1 Week, 1300 Bitcoins Data from Coin Dance confirms that in the seven days ending Saturday, Venezuelans transacted 1284 BTC ($5.1 million) via P2P trading platform Localbitcoins alone. In terms of the country’s highly volatile national currency the Sovereign Bolivar (VES), last week saw higher numbers still, Localbitcoins trade capping 2.35

The post Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record appeared first on Bitcoinist.com.

WePower (WPR) – Why It’s Poised to Outmuscle Bitcoin in December

WePower WPR

WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December. Niche Cryptocurrencies Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins should trend with it. This week is no different as WePower (WPR) stands out for numerous reasons.

The post WePower (WPR) – Why It’s Poised to Outmuscle Bitcoin in December appeared first on Bitcoinist.com.

Bitcoin Price Says Goodbye To $4K Again as $3K Support Could Be Next

Bitcoin price

The Bitcoin price fellow below $4000 again November 30 as upward momentum stalled, taking the largest cryptocurrency to local lows of $3920. $4.4K Spelled Rejection For Bitcoin As of press time Friday, BTC/USD was circling $3950 after climbing as high as $4390 a day earlier. The turnaround continues the trend of volatility which began two weeks ago with the advent of the Bitcoin Cash hard fork. In the intervening period, analysts and pundits have revised

The post Bitcoin Price Says Goodbye To $4K Again as $3K Support Could Be Next appeared first on Bitcoinist.com.

ICOs Are Withdrawing Ethereum as Justin Sun Says ‘Migrate’ To TRON

Ethereum (ETH) may have lost almost 90 percent of its value in 2018, but this has not fazed projects that raised funds via ICOs, data shows. Aragon Withdraws Over 51,000 Ethereum In its latest edition focused on ICO balances, Diar reveals that ETH withdrawals by developer teams trailed off as the year has progressed (with the exception of September), with November nonetheless marking a slight U-turn in withdrawal habits. Conspicuously bucking the trend this month

The post ICOs Are Withdrawing Ethereum as Justin Sun Says ‘Migrate’ To TRON appeared first on Bitcoinist.com.

Ethereum Futures? Bakkt Hints It’s Open To Altcoins

Ethereum futures bakkt

Intercontinental Exchange’s delayed cryptocurrency “regulated ecosystem” Bakkt is already mulling the future addition of altcoins, the company hinted November 23. Bakkt: We’ll ‘Consider’ Non-Bitcoin Contracts In a tweet, executives said they would take into account “customer feedback” as a major motivating force when deciding which cryptocurrencies to support in addition to Bitcoin. Bakkt had eyed December 12 as a launch date for its first product, physical Bitcoin futures, but last week abruptly postponed its debut

The post Ethereum Futures? Bakkt Hints It’s Open To Altcoins appeared first on Bitcoinist.com.

Bitcoin Fundamentals Haven’t Changed, Says Anthony Pompliano

Bitcoin fundamentals

Bitcoin isn’t dead, says Anthony Pompliano, despite the current massive cryptocurrency price plummet. The Morgan Creek Digital Partner believes emphasis should be on fundamentals (which haven’t changed), rather than price. Market Fundamentals Trump Price Action Speaking to CNN on Friday (November 23, 2018), Pompliano declared that Bitcoin’s current price didn’t significantly alter the historical outlook. Beginning on Wednesday (November 14, 2018), the top-ranked cryptocurrency and indeed the market as a whole has been experiencing a

The post Bitcoin Fundamentals Haven’t Changed, Says Anthony Pompliano appeared first on Bitcoinist.com.

Cryptocurrency Winter Special: Two to HODL and One to FODL

cryptocurrency

This week provides another opportunity for a cryptocurrency HODL vs. FODL analysis. With Black Friday having just passed this is the perfect opportunity to do some shopping. Cryptocurrency Winter is Here BTC having fallen more than 30% in the prior week has brought many cryptocurrencies lower with it. However, with a lower BTC comes cheaper cryptocurrencies. This week two cryptocurrencies are highlighted as HODLs: DOCK and VET. With DOCK likely to have the most significant

The post Cryptocurrency Winter Special: Two to HODL and One to FODL appeared first on Bitcoinist.com.

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