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It’s been less than four months since California committed to getting all of its electricity from climate-friendly sources by 2045. But the idea is already catching on in other states.
At least nine governors taking their oaths of office this month, from Nevada to Michigan to New York, campaigned…
The cryptocurrency markets appear poised to post the strongest week of trading in months, with BCH up over 115% since Dec. 16. BTC is also on the cusp of posting its strongest weekly candle since February after breaking above $ 4,000.
BCH Price Doubles in One Week
As of this writing, bitcoin cash (BCH) has posted the strongest percentage daily performance of the top 90 cryptocurrencies by market capitalization, with a 24-hour gain of over 35%. This rally has been driven by the third-strongest daily volume in the history of Bitstamp’s BCH market.
Since posting an all-time low of approximately $ 73, BCH has gained approximately 132% and is currently trading for around $ 180. Bitcoin cash has also reclaimed its rank as the fourth-largest cryptocurrency by market cap after languishing at the bottom end of the top 10 just last week.
When measuring against BTC, BCH bounced roughly 83% from a record low of approximately 0.024 BTC on Dec. 15 to now trade for 0.0434 BTC, with the last two days comprising the second and third-strongest 24 hours of BCH/BTC trading on Bitstamp.
The market capitalization of BCH is currently $ 2.95 billion, comprising 2.25% of the capitalization of the combined crypto market.
BTC Poised to Post Strongest Weekly Candle Since February
BTC has broken above $ 4,000 for the first time in 10 days, driven by gains of more than 26% in less than one week. Should BTC close the week with a gain of more than 22%, it will be the strongest seven-day candle posted since Feb. 12.
After posting a yearly low of approximately $ 3,200 on Bitfinex and $ 3,120 on Bitstamp on Dec. 15, BTC has rallied back above $ 4,000, posting an intraday top high of $ 4,200 on Bitfinex and $ 4,100 on Bitstamp.
BTC currently has a market dominance of 54% and total capitalization of $ 71.15 billion.
XRP Market Cap Over $ 15 billion
The second largest cryptocurrency by market cap, XRP, has gained roughly 32% in five days, bouncing from approximately $ 0.3 to currently test resistance at $ 0.385.
When measuring against BTC, XRP appears to be producing an ascending wedge pattern, with price action consolidating at the neckline area of between roughly 0.00009 BTC and 0.0001 BTC for the past five days.
As of this writing, XRP has a market capitalization of approximately $ 15.25 billion, comprising 11.6%.
ETH Bounces Back Above $ 100
After a year-to-date low of approximately $ 83, ETH has rebounded 31% in roughly one week to currently trade for $ 112 at local resistance.
When measuring against BTC, ETH has chopped between approximately 0.025 BTC and 0.028 BTC for the last two weeks, excluding a brief capitulation down to a 2018 low of 0.0245 BTC on Dec. 7.
Ethereum now has a market cap of $ 11.4 billion and a market dominance of 8.7%.
Do you think that the cryptocurrency markets can continue to rally? Or are lower lows incoming? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Tradingview
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The post Markets Update: BCH Up Over 100% in a Week, BTC Breaks Above $ 4,000 appeared first on Bitcoin News.
The Los Angeles Department of Water and Power is leaning toward spending billions of dollars to rebuild three aging gas-fired power plants, even as California aims to eliminate fossil fuels, a goal endorsed by Mayor Eric Garcetti.
Consultants hired by the utility say the city should invest those…
Bibox, a Chinese digital asset exchange, has acquired 100 percent of shares in Dex.top, a decentralized ERC20 exchange that also operates from Beijing. Officials refused to discuss the price of the deal, saying it was “private.” Bibox, which handles $ 236 million of trading volume daily, said Dex.top will help expand its product offering.
‘Trying Something New’
The Beijing-based Bibox exchange runs 10 operation centers in countries such as the U.S., Canada, Singapore and South Korea, allowing users to trade BTC, BCH, ETH and other cryptocurrencies. The latest acquisition is Bibox’s second in five months. In May, the Chinese exchange bought Chain Capital, a Swiss company which owns a special license to conduct digital currency business in Europe.
“This acquisition [Dex.top] signifies that Bibox is now trying something new in the field of digital assets,” Bihui Lin, spokeswoman for Bibox, told news.Bitcoin. She said the deal will “not only improve Bibox’s ecosystem establishment in blockchain but also provide users with more trading options.”
According to data from Etherscan, Dex.top is the world’s second largest decentralized exchange by trading volume, accounting for 21.3 percent of the global total. IDEX is the largest, with 46.4 percent of all volume. Launched in May, Dex.top promises cross-chain trading, “a mechanism that leverages synchronized off-chain and on-chain ledgers to enable instant trading while ensuring the security of traders’ assets.”
‘Meeting of Minds’
Dex.top said it had “discovered a meeting of the minds in Bibox.” In a statement on Dec. 17, the company stated:
Both projects share a common vision of developing an outstanding trading experience with robust trading features while ensuring transparency and the security of users’ assets and data.
It added that “this acquisition will create synergistic relationships that will help both projects go further.”
Bibox has developed into one of the most popular exchanges in the world just a year after it was founded by Jeffrey Lei, the co-founder of Okcoin. With over one million users, the company is planning to open fiat-to-crypto exchanges in Seoul, South Korea, and Europe, supporting trading pairs such as the Swiss franc, English pound and euro among others.
Digital currency exchanges are looking for growth in new areas or to consolidate existing positions to help boost revenue and minimize risk from an uncertain regulatory environment in their home economies.
What do you think about Bibox’s latest acquisition? Let us know in the comments section below.
Images courtesy of Shutterstock, Bibox and Dex.top.
Need to calculate your bitcoin holdings? Check our tools section.
The post Bibox Buys 100% Share of Decentralized Exchange Dex.top appeared first on Bitcoin News.
The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.
The scheme’s perpetrators…
Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $ 100 worth of bitcoin cash.
Create a Unique Bitcoin.com
Paper Wallet Design to Win Bitcoin Cash
Just recently, Bitcoin.com launched its newly revamped paper wallet generator, so bitcoin cash (BCH) supporters can utilize a classic cold storage solution and print out BCH for friends and family. Paper wallets are just like traditional bearer bond instruments (paper bills) and they can be exchanged anonymously offchain. The paper wallet generation process is very easy and people can print out as many as they want — they can even add funds to their wallets after creating them.
The graphics team at Bitcoin.com has created a new paper wallet design that looks pretty sharp, but we thought it would also be cool to let BCH users submit their own artwork. Plus, contests are a great way to show community-driven spirit, as we know that BCH fans are particularly passionate.
Wanted: Passionate, Creative Bitcoiners
The winner will receive some BCH to spend, and their winning submission will also be displayed on our website, which gets millions of unique visitors every month. People will be able to use your custom design when they load up bitcoin cash on BCH bills for their friends this holiday season.
Paper wallets are a convenient way to store BCH and a personalized design looks even better. You can submit up to three different designs prior to the deadline on Nov. 1, 2018. Bitcoin.com will select and notify the winner on Nov. 5, 2018. Participants don’t have to be Photoshop masters to enter the competition, as we’re looking for passionate enthusiasm. So if you want to win $ 100 worth of BCH and show your artwork to millions of people, then send in your designs as .png files to email@example.com.
Visit this link for more information on the official contest rules.
Have you tried Bitcoin.com’s paper wallet generator? Let us know what you think about our paper storage solution in the comment section below.
Images via Shutterstock, Bitcoin.com, and Pixabay.
Why not keep track of the price with one of Bitcoin.com’s widget services.
The post Win $ 100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest appeared first on Bitcoin News.
If you thought Deontay Wilder was taking a shot in the wallet by fighting Tyson Fury and not Anthony Joshua, bite your tongue. ‘Cause Wilder says he could make SERIOUS money his next time in the ring. Like $ 100 million serious. Deontay sat down…
Christine Ford repeatedly named Supreme Court nominee Brett Kavanaugh as her attacker at a party in the ’80s, despite denials from the judge.
An actress who plays a post-apocalyptic juvenile delinquent on TV allegedly went nuclear on her BF in real life and got busted by cops. Law enforcement sources tell TMZ … Marie Avgeropoulos — who stars as Octavia Blake on CW’s hit sci-fi…
Kurt Warner says he would 100% support any teammate who chose to kneel during the national anthem … telling TMZ Sports it’s important to get behind guys who want to make societal change. Important to note: Warner says he himself would…