Bitcoin Cash [BCH] blockchain is not for “gambling” or “child porn”, says Faketoshi to Bitcoin Jesus

Craig Wright, a major proponent of the Bitcoin Satoshi’s Vision implementation of the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin [BTC] maximalist to speak about the upcoming hard fork. He also accused Roger Ver, also known as ‘Bitcoin Jesus’, of using the BCH blockchain for gambling and “child porn”.

He began by saying that Bitcoin was designed to “work within the law”, and is not an “anarchist coin”. This is due to its role as money, stated Wright, going on to say that it does not break laws or do anything other than what money does. He elaborated:

“It is neutral. You can do good things, you can do bad things. It is not designed to facilitate crime.”

On Roger Ver’s idea of the coin, he stated that his idea of being “able to want to make things illegal” makes Bitcoin itself illegal. Moreover, he stated that what Roger thought wasn’t important as money is neutral. He stated:

“You want to go about there and make it a shitcoin that governments hate, then it’s not Bitcoin. Bitcoin doesn’t take down governments, people vote. If you don’t like the government, go vote for it. The reality of the situation is, if we don’t have Bitcoin accepted by governments, it won’t be accepted.”

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Stellar [XLM/USD] Technical Analysis: Bulls continue to enjoy the green market trends

The crypto market has turned back to its conventional state with most of the cryptocurrencies moving sideways. The one-hour statistics of the market looks red again with the best performers of last week, including Bitcoin Cash [BCH], EOS, are approaching the bear’s claws.

Considering the weekly report of the market, Stellar [XLM] stands at the top with an 11.73% gain, overtaking XRP which had surged by 10.71%. At the time of writing, XLM is trading at $0.26 with a market cap of $5.83 billion.

1-hour:

The 1-hour chart of XLM shows a resistance point which is set at $0.27. And a support line extending from $0.26 to $0.27 forming an ascending triangle with resistance depicting a healthy price trend.

XLM USD 1-hour candlesticks | Source: TradingView

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Litecoin [LTC] was a natural fit for Coindroid game. says cryptocurrency game creator

Litecoin has been trying to expand their reach and has received massive adoption lately, with the latest being used an integral part of the Coindriod game. The cryptocurrency game has raised a lot of eyebrows in the crypto-community due to its creativity and adoption of various cryptocurrencies in-game like Litecoin [LTC], Dogecoin [DGC] and Bitcoin [BTC].

The Coindroid creator Josh, in a podcast, said that he was inspired by SatoshiDice, a Bitcoin game, and decided to develop a game like SatoshiDice, but by taking it further and making it skill-based.

He said that they were researching a lot of cryptocurrencies that would fit the ideas they had for the game. He continued:

“Litecoin just seemed like the natural fit. It’s got a really nice fast block time, great fees, it just made a lot of sense for our game in our in coin droids. And you’re transactions in the game are about 13 – 14 cents, So doing that inside Bitcoin didn’t really make sense for fees perspective, but also 10-minute blocks ends up being almost a little bit too slow for the game”

In a spat between Roger Ver, Jihan Wu and Craig Wright on BCH fork, Charlie Lee weighed in supporting the latter saying:

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Cardano [ADA/USD] Technical Analysis: Bear to stay in the market for a longer duration

Cardano [ADA], the eighth-biggest cryptocurrency in the market, has been sparking green on a constant basis in the market, despite the lack of new announcements. However, the coin has failed to show its continuous support to the bull after the race, which took place at the beginning of this month.

According to CoinMarketCap, the cryptocurrency was trading at $0.075 with a market cap of more than $1 billion. The coin had a trading volume of more than $20 million and had seen a gain of 4.94% in the past 7 days.

1-hour:

Cardano [ADA] one-hour price chart | Source: Trading View

In the one-hour chart, the coin showed a downward trend from $o.077 to $0.075. It also displayed an upward trend which started at $0.0744 and ended at $0.0748. The coin has a strong resistance at $0.078 and an immediate resistance at $0.0754. Nonetheless, the coin has a strong support at $0.0744 ground and an immediate support at $0.0746.

The Chaikin Money Flow showed that the bull could take over the market.

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SEC strikes again; Founder of Ethereum-based cryptocurrency exchange scrutinized by the commission

The United States Securities and Exchange Commission [SEC] has been constantly warning investors about the risks involved in the cryptocurrency space. Even though the commission has failed to set up a proper regulatory framework for the booming market, they have always taken action against fraudulent ICOs and projects, who are misleading the investors.

The recent crackdown by the commission has set the space ablaze as this would be one of the first cases wherein the Founder of an exchange platform based on Ethereum platform is scrutinized. The exchange which was under the limelight is EtherDelta, a secondary marketplace for ERC20 tokens. The Founder was scrutinized by the SEC as he failed to register the exchange with the commission or operate in accordance with an exemption. The exchange was required to avail the permission of the commission as they were trading tokens which are classified as “securities”.

This has been intact since the SEC published their report on the DAO aka the Decentralized Autonomous Organization on July 2017. The DAO was subjected to a hack in 2016, which resulted in the split of the original Ethereum blockchain, creating Ethereum [ETH] and Ethereum Classic [ETC].

The report stated that issuers of security tokens are required to register with the commission unless a valid exemption applies. It also reinforced that all the exchanges were required to register as a National Securities Exchange unless a valid exemption applies.

Zachary Coburn, the Founder of EtherDelta has agreed to pay the commission the money which was gained by offering trade services for the tokens i.e., $300,000. This will include $13,000 in prejudgment interest and $75,000 as a penalty.

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“Bitcoin [BTC] will be made better than every other cryptocurrency”, says nChain’s Craig Wright

In a recent talk, nChain’s Craig Wright spoke about the future prospects of Bitcoin [BTC] and the ways to achieve Satoshi Nakamoto’s vision. He also touched upon how Proof of Work [PoW] is different from Proof of Stake [PoS].

Craig Wright stated that capitalism is important for the future of developments. He said that Bitcoin and its iterations need to be stable to inculcate a sense of security amongst users of the cryptocurrency. According to Wright, Bitcoin as a concept needs to be the same in the coming years or else it loses its value as a transactional commodity.

He also stressed on the fact that cryptocurrencies and Bitcoin as a whole, do not flout any rules but actually work under the ambit of the law. Digital signatures were also mentioned by the nChain official, citing its credibility as an accepted mode of payment. Wright said:

“ If the system changes in 6,12,15 months then no one will use it. The cryptocurrency market needs to be stable if the user base has to increase. Bitcoin has always been about economics and the need of the hour is to implement it in a good way.”

He went on to say that Bitcoin’s original scripting language will not be tampered with and also teased users with an upcoming development that will be announced on Coingeek. Wright focused on how Bitcoin will surpass all the other cryptocurrencies in terms of use cases and will make all processes seamless.

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XRP, Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC] bull run last year started in November: The outlook 1 year down the line

Opinion: Bitcoin [BTC] saw one of its most prolific bull runs over the course of its history during this time last year, pushing cryptocurrencies to mainstream attention and driving many economists to call it a bubble of epic proportions. With the cryptocurrency market as a whole worth over $800 billion, crypto-HODLers were at their ultimate destination: the top of the moon.

Top 10 cryptocurrencies on November 12 2017 | Source: CoinMarketCap

However, the landscape has changed remarkably since then, with the market shedding over $600 million to reach a value of just over $200 billion. Most ICOs have lost over 95% of their value, with the top currencies still undergoing significant losses.

Many have termed this the crypto-winter due to the general eroding of the market in the months since its meteoric rise. With one year down the line, it is interesting now to look back and see the beginning of the shooting star-esque rise of the bull’s power.

At this time last year, the price of Bitcoin was at $7195 and dropped to $5975 on November 12th. This was the last significant drop that the price saw before its bull run. Within 1 month and 4 days, the coin underwent a 228.9% increase from November 12 to December 17 to reach its all-time high of $19,655.

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Litecoin [LTC/USD] Technical Analysis: Bulls just don’t have what it takes

Litecoin [LTC] is one of the coins which was hit the hardest by the cryptocurrency massacre that has been occurring over the past 10 months, with the coin recently testing its lowest resistance level at $48.45.

However, the coin seems to be looking for a comeback, as shown by the technical indicators.

1-hour

Source: Trading View

The one-hour graph shows a downtrend evolving slowly from $55.67 to $51.82. Although the uptrend is getting more linear as each day passes, it ranges from $50.71 to $51.27 after which it broke up and ended up at $51.59.

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Bitcoin Cash [BCH] hash war escalates as Calvin Ayre states he will “follow and constantly work on” ABC if they win

The upcoming Bitcoin Cash [BCH] hard fork has begun to fray relationships in the community, causing a split as evident as the one set to happen on November 15. The two camps in control of the two different implementations of the block are Jihan Wu and Bitmain with Bitcoin ABC on one side and CoinGeek, run by Calvin Ayre, backing nChain and Craig Wright with their implementation known as Bitcoin Satoshi’s Vision.

However, a development has occurred which may imply a split between the latter camp, as Calvin Ayre said in a statement to one of his reporters, Eli Afram, that he will “strive to make future changes for the better” if ABC won the so-called ‘hash war’.

In an article titled “Will this be a protracted hash-war?”, Afram aims to explore the consequences of the fork if it is not a clean split. Instead, a long-standing feud might begin which will see the two parties fight for dominance on a blockchain using hashpower as their primary ‘weapon’.

Afram mentions that this possibility is there, even as Coingeek hopes that dedicated hash might settle the score. He went on to say:

“To find a victor early on and then move forward with building BCH to be a global currency. It is in part one of the reasons why Calvin Ayre referred to this possibility as market manipulation. [I] asked Calvin on his position should ABC win the hash battle, and he responded “If ABC win, then I will follow and constantly work on striving to make future changes for the better.””

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Tron [TRX/USD] Technical Analysis: Cryptocurrency struggles to get out of the shadow of bear

The cryptocurrency market has been undergoing a tumultuous run with the proverbial ball in the bear’s court right now. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] are all undergoing a bullish spike right now in an overall bearish atmosphere.

1-hour:

The one-day Tron [TRX] chart shows an uptrend and a downtrend that has designed the price movement. The uptrend saw the prices rising from $0.0224 to $0.0248, while the downtrend saw the price falling from $0.0248 to $0.0232.  The support for the cryptocurrency has been holding at $0.0215.

The Parabolic SAR has been a mixture of bearish and bullish signals with the current scenario leaning towards the bear. The slip from Tron’s price peak was marred by bearish drops indicated by the markers above the price candles.

The Relative Strength Index has been tending towards the oversold zone, indicating the selling pressure being more than the buying pressure.

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XRP TipBot sees secret feature in recent update that hit Android users

Wietse Wind, the creator of the cryptocurrency micropayments service, XRP Tip Bot tweeted about an app update of the platform, i.e., 1.3.0 going live on Android. Regarding its launch for the iOS users, Wind stated that the users might have to wait a little longer for the update to go live. However, he has not announced the new feature added in this update yet. The original tweet by the creator stated:

“The TipBot app #update 1.3.0 is live @ Android (now available in the Google Play store). iOS users will probably have to wait another day ~ weekend. This update contains a MAJOR new feature, but it’s hidden We’ll announce next week – On your show, right!? @CKJCryptonews”

The XRP Tip Bot app saw huge success after it received approval from major aggregators like Google and Apple stores. It is a payment service that lets the users tip their family members, friends, acquaintances, favorite artists or suchlike in XRP. The users may also connect their Twitter, Reddit or Discord handles with the app and send and receive XRP funds via the mentioned platforms.

The statistics of user activity on the XRP Tip Bot have also improved over time. Currently, the platform has over 2,000 active users. Furthermore, it surpassed the 10k landmark yesterday, wherein the creator celebrated the matter by announcing it on his Twitter account.

Ripple Reis, a crypto-enthusiast and XRP follower, on the update announcement by Wind, stated:

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Monero [XMR/USD] Technical Analysis: Bulls and bears to clash for market dominance

Monero [XMR], the tenth-biggest cryptocurrency in the market, has been sprinkling hope like fairy dust in the market along with all the major altcoins such as Ethereum [ETH], XRP, and Bitcoin Cash [BCH]. The coin had joined all the coins for a small bull run earlier this month.

According to CoinMarketCap, at press time, the coin was trading $106.54, with a market cap of over $1 billion. The cryptocurrency had a trading volume of more than $11 million and had tanked 1.04% in the past 24 hours.

1-hour:

Monero one-hour price chart | Source: Trading View

In the one-hour chart, Monero saw a downward trend from $111.83 to $107.90. The cryptocurrency pictured an upward trend from $106.32 to $106.41.  There was a strong resistance for the coin at $114.34 and an immediate resistance at $106.32.

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XRP, Amazon Alexa to meet as TipBot app creator seeks collaboration approval

In the recent reports, the XRP community appears to be stirred with a lot of news related to the adoption of the cryptocurrency through many sources, for instance, xRapid, the cross-border remittance service built by Ripple and XRP Tip Bot, the micropayments service built by the third-party developer, Wietse Wind.

XRP adoption has reached a great level with big stores like Google and Apple and institutions like SBI Financial and MUFG Bank Ltd. getting involved with the technology.

In a recent scenario, the creator of XRP Tip Bot was reported to have been seeking approval from Amazon to integrate the blockchain app with Alexa. It is also believed that he has designed a feature that will enable the users to check their balances and send/receive XRP by commanding Alexa. Earlier, the Tip Bot app saw its integration on the popular social media platforms – Twitter, Reddit and Discord.

In one of the Twitter comments, an XRP follower and a blockchain enthusiast inquired about the Tip Bot being integrated with the mobile messaging app, WhatsApp. Here, Wietse Wind responded by stating:

“Also a great idea. Our resources are limited, so we’re going to focus on a few other things, and we’re building TipBot V2 (it will take some months) allowing other developers to integrate with the TipBot”

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Ripple moves into China with AmEx and LianLian Group entry: Providing reach to XRP-powered xRapid through multi-hop

American Express has recently announced that they will be commencing their entry into the Chinese market, which has been predicted as being the biggest card payments market by late next year. This move was made as a joint venture with LianLian Group and is the first venture to not process payments through the state-controlled UnionPay network.

The approval reportedly allows the company to process and settle payments in CNY domestically by setting up their own network in conjunction with their partner. The venture is named Express [Hangzhou] Technology Services Co., and is required by the Chinese government to complete preparations for operations within a year.

Notably, both American Express and LianLian Group have been in a partnership with Ripple, and are confirmed to be members of RippleNet. AmEx joined RippleNet with a vision to aid Small and Medium Enterprises with moving money late last year. LianLianPay on the other hand, joined the network in February this year and has over 150 million registered customers.

Removed job listing | Source: GlassDoor Google cache

While this not only marks the entry of Ripple into one of their highest priority markets for cross-border payments, it is also important to note that the company is planning to move into the Chinese market, as seen by postings on their official job portal. The job postings have since been removed, but are still present on job portal Glassdoor.

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XRP/USD Technical Analysis: No bears in sight as the grass turns greener

In a sideways cryptocurrency market, XRP is depicting no out-of-the-box movement as its prices have succumbed to sidewayds movement. At the time of writing, the coin was up by 1.14%, with a market cap of $20.33 billion. The total 24-hour trading volume was recorded at $371.6 million.

1-hour:

XRPUSD 1-hour candlesticks | Source: tradingview

In the one-hour scenario of the XRP candlesticks, the price concentration has reached close to its peak, with the trendlines $0.5 to $0.46 [downtrend], and $0.51 to $0.54 [uptrend] nearing an intersection. A trend breakout might occur soon as suggested by the trendline patterns.

The Parabolic SAR is suggestive of a positive price trend for the cryptocurrency. This is evident by the dots that are aligned right below the candlesticks to show support for the bull.

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Ethereum [ETH] network will help countries with emerging economies, says creator of Burner wallet

The release of the new Burner wallet developed by Austin Griffith, Director of Research at GetGitcoin, was announced today, November 10, on Twitter. The open-source project supposedly aims to help drive mass adoption of Ethereum using the xDAI sidechain.

Austin Griffith, a software engineer, and a Bitcoin enthusiast, said that the project would help countries with emerging economies become decentralized using the Ethereum network. He stated in a blog post:

“These emerging markets are where we should focus our onboarding efforts. This is where Ethereum has the most potential to impact the world now.”

He substantiated his aim by noting that it is hard to find important goods in emerging currencies with traditional currencies due to the fact that the value of their currencies fluctuate violently. He further stated that the exchange of value is one of the best aspects of the Ethereum space.

The wallet is called “Burner Wallet” and works using the PoA [Proof of Authority] protocol on the xDAI sidechain to convert tokens from one chain to another. The transaction happens in under five seconds and gas costs are virtually zero. The post quoted:

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Bitcoin Cash [BCH/USD] Technical Analysis: Bull tries to emerge in the midst of the bear reign

The cryptocurrency market has succumbed to the bear attack with several coins seeing red across the spectrum. Cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] have all started on a downtrend with the so-called crypto winter going on in full flow.

1-hour:

The one-hour BCH graph indicates a downtrend that has seen the price drop from $581.46 to $545.56. The earlier uptrend saw the price being lifted from $421.22 to $585.84.

The BCH support has been holding at $408.09 and the immediate resistance has been raised to $633.12.

The Relative Strength Index has crashed to the bottom of the oversold zone. This is a sign of the selling pressure being more than the buying pressure. The cryptocurrency has predominantly stayed in the overbought zone.

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XRP influencer reveals possible plans for additional security on TipBot

A popular influencer in the XRP community who goes by the Twitter name of Dr. T recently engaged in a social media conversation with another XRP follower, Cerberus. The latter posted a question about the method of XRP storage and security on the micropayments platform, XRP Tip Bot. The original tweet read:

“@xrptipbot I apologize if this question had been asked before. I was asked by a friend who I’ve just introduced to #XRP: What is the means by which XRP is secured with the #XRPTIPBOT? Where is the XRP stored, how is it secured, etc? The Echo skill is going to bring lots of people”

Here, Dr. T responded to the question and stated that Wietse Wind, the creator of XRP Tip Bot uses a cold or hot wallet model to store the currency, similarly to crypto-exchanges.

To secure the funds, the user logins can be 2FA or Two Factor Authentication, such as Twitter and Discord, he added. He also wrote that the monthly withdrawal limits make the large-scale hacks impossible as of now.

Furthermore, Dr. T stated that Wietse Wind might have plans for additional security, such as automatic regular key/disabling master key script in case of compromise or on-ledger tips that remove the need to store XRP in the XRPTipBot custodial wallet. However, he mentioned that these facts are yet to receive confirmation from the root source, i.e., the creator himself.

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$5 million worth Bitcoin [BTC] stolen from Bitmain’s Binance custodial wallet; transferred to Bittrex

Bitmain, one of the largest Bitcoin mining company and the biggest ASIC chip producer in the world, has requested a jury trial at the United States District Court Western District of Washington at Seattle. This is in correlation with the Bitcoin [BTC] funds stolen from Bitmain’s Binance wallet.

According to the lawsuit, over 617 BTC [approximately] was stolen from the wallet in April 2018, when the price of Bitcoin was close to $8,935. The mining company has not yet identified the perpetrator, and addressed the hacker as John Doe in the lawsuit.

The Bitcoin mining company has alleged the hacker of purposely and intentionally accessing “a protected computer without authorization”, with the intention of gaining access to Bitmain’s Binance wallet. This action has resulted in the company incurring a loss of over $5 million.

The lawsuit also stated:

“As part of the scheme to fraud and theft, John Doe also knowingly transferred the Bitcoin he/she stole from Bitmain’s custodial wallet to an account on the Bittrex Seattle-based trading platform. John Doe’s unauthorized access and scheme to defraud was across state lines and accomplished using the Internet, which is used in interstate and foreign commerce and communications.”

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Ethereum [ETH/USD] Technical Analysis: Speculations flash green in hopes of uptrend

A large number of coins across the cryptocurrency board have begun to play the sideways game once again. Ethereum [ETH] is one of the coins mastering the art.

At the time of writing, ETH token was up by a mere 0.06%, trading at $211.58 with a market cap of $21.8 billion. The total trading volume in the past 24 hours was recorded to be $1.49 billion.

1-hour:

ETHUSD 1-hour candlesticks | Source: tradingview

In the one-hour time frame, the trendlines stretch from $198.38 to $207.77 [uptrend] and $219.5 to $210.31 [downtrend]. A trend breakout might occur soon as the price concentration has reached a considerable amount.

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