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During the past few hours, there were moves below $3,500 in price against the . The BTC/USD pair recently settled below the $3,400 level and the 100 hourly . A new intraday low was formed at $3,295 and later the price corrected a few points higher. On the upside, an initial resistance is near the 23.6% Fib retracement level of the recent slide from the $3,635 high to $3,295 low. (Source: )
Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones. Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the ‘blockchain smartphone’ market following the recent release of HTC’s Exodus 1 and Sirin Labs’ FINNEY, both of which also offer crypto custody. Dutch tech news blog Galaxy Club reports that the three requested patents are called ‘Blockchain KeyStore‘, ‘Blockchain key box‘ and ‘Blockchain Core‘ – names that clearly hint at the direction the world’s largest smartphone maker is taking. The timing of the news again underlines the fact that despite the well-documented woes of the crypto market in 2018, a number of influential businesses like Samsung and HTC believe that cryptocurrencies and blockchain technology will be key growth drivers going forward, and are investing accordingly. (Source: )
Earlier in November, Bitcoinist reported that a exchange-traded product ( ) with the HODL ticker offered by Amun Crypto was about to begin trading on Switzerland’s SIX Exchange. The represents a fully collateralized and non-interest-paying bearer debt security, which is issued as a security and traded and redeemed in the same structure. comprises the largest share of the HODL at 48%, followed by XRP (30%), (17.6%), and smaller shares of Cash and Litecoin. There is a notable difference between an and an , however. The former is not subjected to the Collective Investment Schemes Act (Cisa) and is therefore not supervised by Finma. The HODL is underlined by an index comprised of four major cryptocurrencies, namely , ETH, XRP, and LTC. Interestingly enough, last Thursday and Friday, the saw record trading volumes with 53,233 shares and 62,986 shares traded, respectively. This is a serious increase from the one-month average that saw around 20,000 shares traded per day and coincides with a steep decline in price at the end of last week. According to Zhu, at FX Hedge Fund, the “correlation between and price continues to be very strong at -68%. (Source: )
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
Pair: BTC/USD
High: 3594.80
Low: 3543.86
Close: 3594.80
It has been more than three weeks since the notable Cash hard fork, which has resulted in two rival chains, and . The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with and now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. Despite taking the lead again with a 4-block advantage, has not dropped, now worth around $100 levels. This signals that the trading patterns for new coins have been maturing slowly, which implies both lower and lower growth potential. As for now, the chain has a substantial advantage in terms of hash power (62%), however the chain is still controlling 54% of the network’s nodes (Sources: , ). The mining profitability of is continuously volatile: as for now, it is 27.9% more profitable to mine on the original chain. mining profitability is somewhat stable now being 9.3% higher than that of the chain (a 37% advantage compared to the rival chain). miner concentration has somewhat increased today. has generated over 40% of the chain’s blocks, followed by .com with 22.22%. is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: , ). Regarding the chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool somewhat recovering its mining capacity with 11.81%. The Osiris team might reconsider its profile for in the nearest future, still opting however to hold the coin as for now.
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Published at Wed, 12 Dec 2018 12:12:48 +0000
