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Sally Ho's Technical Analysis 23 August 2019

Litecoin Litecoin (LTC/USD) attempted to find relief from recent massive selling pressure below the psychologically-important 100.00 figure early in today’s Asian session. The pair’s depreciation during the month of August has been relatively abrupt from its recent high of 107.04 from 5 August. Notably, the 106.62 area represented the 23.6% retracement of the move from 380.00 to 22.17, and LTC/USD Bulls were unable to make a sustainable move above this level. Sentiment has recently been extremely Bearish given the pair’s ongoing depreciation below the 50-bar MA (4-hourly), which is now trading below the 100-bar MA (4-hourly) and 200-bar MA (4-hourly). ...

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@Bitcoin Twitter Account Suddenly Stops Supporting BCH

Theories have been floating around the space over the past 24 hours or so, mainly on Reddit, in regards to the behaviour of the @Bitcoin Twitter account. With almost one million followers, the account has changed its tune from Bitcoin supporting to Bitocin Cash supporting after it was rumoured to have fallen into the hands of Roger Ver. Currently, @bitcoin redirects to the pro-BTC website Bitcoin.org rather than Ver’s Bitcoin.com. Ver has denied all the accusations of his involvement in the Twitter account whilst simultaneously suggesting he knew who the real owner was. “He supports #BCH, is well known in...

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Blockstream Hash Rate Could Be Powerful Enough To Attack BCH & BSV

Blockstream, a startup based in Canada, has just launched a service dubbed blockstream mining. This is a mining equipment colocation provider fueled by the companies, powered by the firm’s 300MW energy capacity. Due to this, Blockstream will command around six EH of the BTC mining power when working at full capacity. According to some crypto enthusiasts, its enough hash power to drown both roger Ver’s and Calvin Eyre’s versions of Bitcoin. The ‘angel investor’ WhalePanda wrote this on Twitter last week. “Blockstream now controls more than enough hash rate to attack both BCH and BSV at the same time. Can’t...

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Coinbase In Trouble Over Bitcoin Cash

Leading cryptocurrency exchange Coinbase seem to have got themselves in a bit of difficulty after a judge has ruled that the company should face court proceedings with reference to their listing of Bitcoin Cash during the 2017 cryptocurrency bull market. It was this market that caused the price of Bitcoin to spike and hit over $20,000.00, marking cryptocurrencies most intense period to date. This bull run has gone down in history as a key turning point for cryptocurrency, namely because it was the first time that crypto was really able to hit the mainstream. During the end of 2017, everyone...

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Get Caught Abusing Bitcoin Cash And Pay The Price

It’s no secret that cryptocurrency and blockchain technology does give people access and the ability to carry out illicit activities that might otherwise be a little more difficult when relying on traditional banks. This is thanks to decentralisation and the anonymity provided by the blockchain.  These criminals however are becoming easier and easier to find, as the entire community continues to wise up against illicit activities. A couple from the United States have been made a clear example of by one court in California after their involvement in a drug supply network, one that used cryptocurrencies in order to fund...

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