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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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Sally Ho's Technical Analysis 30 July 2019

Litecoin Litecoin (LTC/USD) lacked decisive conviction in today’s Asian session as the pair continues to search for market sentiment following its recent sharp decline from the 96.53 area to the 86.57 level.  The move on Saturday to the 96.53 area saw the pair unable to move far above its 50-bar MA (4-hourly) and 100-bar MA (4-hourly), or its 200-bar MA (hourly). In recent trading sessions, the pair has hugged the 88.68 area, representing the 23.6% retracement of the move from 304.00 to 22.17. Chartists are also paying close attention to the pair’s behaviour around the 87.86 area, representing the 76.4%...

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Sally Ho's Technical Analysis 28 July 2019

Litecoin Litecoin (LTC/USD) orbited the 88 level in today’s Asian session as traders continue to reprice the pair with a weaker market bias following the pair’s recent inability to get above the 97.72 area.  The 95.86 level has recently emerged as important technical Resistance and this led to traders recently testing the 87.86 area, representing the 61.8% retracement of the move from 76.63 to 106.04.  The pair continues to comfortably trade below the 100-bar MA (4-hourly), and recently traded as low as the 86.57 area. Technicians note that the 83.57 level represents the 76.4% retracement of the move from 76.63...

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