Bitcoin Cash Price Analysis: BCH/USD’s Failed Upside Attempt Near $530

Key Points Bitcoin cash price failed to break the $530 resistance and declined against the US Dollar. Yesterday’s highlighted ascending channel was breached with support at $521 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently below the $520 support and it could decline further in the near term. Bitcoin cash price struggled to break the $530 and $540 hurdles against the US Dollar. BCH/USD is likely to retest the $500 support if sellers remain in action. Bitcoin Cash Price Analysis Yesterday, we…

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Markets Trade Sideways, Bitcoin Touches $6,600 Earlier Today

Tuesday, Oct. 9: Crypto markets keep trading sideways, with almost all top 20 coins by market cap in the red after seeing some growth yesterday. Market visualization from Coin360 Bitcoin (BTC) is slightly down around 0.3 percent today, trading at $6,627 at press time. During the day, the major cryptocurrency dipped two dollars below the $6,600 threshold, and the intraday high amounted to $6,669. While markets continues to fluctuate in a mostly stagnant manner, Bitcoin is holding around 2 percent of weekly gains, as well as 5 percent gains over…

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Technical Indicators Recommend ETH Sells

Though liquidity is building, there are limitations for further upsides as ETH consolidates. Unless there are rallies above Sep highs and $250, our previous Ethereum trading plan is valid. For now, we recommend taking a neutral stand until our ETH trade conditions are met. Latest Ethereum News DEXs are not as common as their centralized counterparts. Though exchanges as BitFinex are seeing benefits of spreading out and capturing demands on both ends, it will take time before ETHFinex registers high trading volumes. It’s in this realization that BitFinex are promoting…

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Hackers Breach Smart Contract on Ethereum-Based Adult Entertainment Platform SpankChain

Ethereum-based adult entertainment platform SpankChain has suffered a smart contract security breach that led to loss of around $38,000, the firm reported on its Medium page Oct. 9. The hack, which purportedly took place Oct. 6, was detected by SpankChain a day after, and was announced today in a post entitled “We Got Spanked: What We Know So Far.” Anonymous attackers managed to steal 165.38 Ethereum (ETH) or around $38,000 from the platform’s payment channel smart contract. Additionally, the security breach caused the immobilization of $4,000 worth of the SpankChain’s…

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Canadian Crypto Crypto Exchange QuadrigaCX Blames Major Bank for Delays

Canada’s largest digital currency exchange QuadrigaCX is blaming legal action from a major bank for delays when customers cash out funds, the Globe and Mail reported Oct. 8. Vancouver-based crypto exchange QuadrigaCX was launched in 2013 and is known as the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). At press time, Quadriga’s daily trading volume is around $600,000 per CoinMarketCap. Quadriga reportedly states that it has been experiencing difficulties accessing $21.6 million of its funds since January when the…

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Bulls Slow Down, ADA Break Above Resistance

Aside from Monero which already broke below the two-month support trend line and is bearish, EOS, Stellar Lumens, Cardano and Litecoin did register minor losses. But even if we were bullish, we expect further gains and bulls to follow through on Oct 8 gains thanks to shifting momentum and favorable candlestick formation. All things constant, our last altcoin trade plans for EOS, Litecoin and Stellar Lumens is applicable. Let’s have a look at these charts: EOS Price Analysis 12 days later and EOS prices are moving within a consolidation with…

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Malta to Assist the Government of Vanuatu in Forming Blockchain and ICO Legislation

The state authorities of Malta will assist the government of the Pacific island nation of Vanuatu in forming blockchain regulations, the Vanuatu Daily Post reported Monday, Oct. 8. Minister of Foreign Affairs of Vanuatu Ralph Regenvanu has reportedly requested assistance from the Maltese government in forming blockchain legislation upon instructions from the Council of Ministers. Speaking at a meeting with Maltese Prime Minister Dr. Joseph Muscat, and Parliamentary Secretary Silvio Schembri, Regenvanu noted the crucial role of adopting appropriate regulatory frameworks for the blockchain industry and Initial Coin Offerings (ICOs).…

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Ethereum Sell-Off in August Shows Crypto Has Hit a Bottom in 2018

According to cryptocurrency analyst Eric Thies, the crypto market may have hit a bottom in September as the price of Ethereum (ETH) declined by more than 50 percent. Since delving below the $180 mark, ETH has since recovered to $230, likely due to the demonstration of massively oversold conditions by the market in late September. ETH Enabled ICO Bubble, Which Led to Crypto Bubble ETH/USD | Bitfinex Throughout the third and fourth quarters of 2017, interest and demand for initial coin offering (ICO) projects hit an unprecedented level. Blockchain projects…

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Swiss Asset Management Firm Tiberius Group AG Delays Launch of Metals-Backed Token

Switzerland-based commodities assets manager Tiberius Group AG has delayed the sale of its metals-backed cryptocurrency, Tiberius Coin, due to high fees from credit card companies, Bloomberg reported Oct. 9. The company announced its intention to issue a digital currency tied to the price of metals — copper, aluminum, nickel, cobalt, tin, gold and platinum — in late September. Tiberius Group then explained that “instead of underlying the digital currency with only one commodity, we have chosen a mix of technology metals, stability metals and electric vehicle metals. This will give…

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