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| January 16, 2019

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CNN

British lawmakers crush Theresa May’s Brexit deal by record margin

January 16, 2019 |

Theresa May’s Brexit deal has been crushed by a record margin as British lawmakers rejected it by 432 votes to 202.
CNN.com – RSS Channel – World

China Posts Record Trade Surplus With U.S. Despite Tariff Offensive

January 14, 2019 |

China’s trade surplus with the U.S. hit a fresh record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap.
WSJ.com: What’s News Asia

Egg Smashes Kylie Jenner’s Instagram Record

January 14, 2019 |

Kylie Jenner was the queen of Instagram—until somebody hatched a plan to dethrone her. The social media’s most-liked post is now a photo of a plain brown egg , posted by the ” world_record_egg ” account Jan. 5 with the stated intent of setting a world record and overtaking Jenner for the…
Newser

Kylie Jenner set to lose world record for the most ‘liked’ Instagram photo of all time to an egg

January 14, 2019 |

Billionaire Kylie Jenner is set to lose her long-held title of the Queen of social media to a lowly egg.
FOX News

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record

January 8, 2019 |

When looking at monthly market performance, 2018 was the bloodiest year in the history of the cryptocurrency markets. Of the seven largest cryptocurrencies by market cap, only three were able to produce more than two green monthly candles during 2018.

Also Read: Bitblock Publishes Alternative Valuation Model That Suggests BTC Is Underpriced

BTC and ETH Produce Most Red Monthly Candles in Calendar Year Ever

In 2018, bitcoin core (BTC) saw the most red monthly candles in its history, posting three green and nine red monthly candles throughout the year. BTC gained 2% during the month of February, 33% April, and 21% July. The price of BTC fell by roughly 73% during 2018, opening the year trading for $ 13,900 and closing 2018 at roughly $ 3,700.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BTC/USD – Bitstamp – 1M, 2018

Based on monthly performance, the second most-bloody year in BTC’s history was 2014, during which BTC posted four green and eight red monthly candles. In 2014, BTC fell by 56% from $ 730 to $ 320.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BTC/USD – Bitstamp – 1M, 2014

ETH also posted its poorest annual performance during 2018 with three green and nine red monthly candles. The price of ETH gained 53% in January, nearly 75% in April, and 19% in December of last year. Overall, ETH shed nearly 82% of its value during 2018, falling from roughly $ 735 to start 2019 trading for $ 135.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
ETH/USD – Poloniex (Estimated by Tradingview) – 1M, 2018

XLM Posts Strongest Monthly Performance of Top Markets

Stellar (XLM) was the strongest performing cryptocurrency of 2018 when counting green candles, posting four green and eight red candles during last year. XLM started 2018 with a gain of 53% in January, before gaining 103% in April, 44% during July, and 17% in September.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
XLM/USD – Bittrex (Estimated by Tradingview) – 1M, 2018

Despite performing better than many other crypto assets during 2018, XLM posted its worst performing year on record. XLM lost 67% during last year, opening 2018 at $ 0.35 and closing the year below $ 0.12.

BCH, XRP, EOS, and LTC Post Just Two Green Monthly Candles During 2018

BCH posted green months during April and July of 2018, during which it gained 97% and less than 4% respectively. Overall, BCH shed roughly 94% of its value last year, trading for nearly $ 2,400 at the start of January and closing the year at roughly $ 150.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BCH/USD – Kraken – 1M, 2018

XRP’s sole green months for the year were April and September, which saw monthly gains of 66% and 74%. XRP posted an annual loss of 82%, falling from nearly $ 1.97 to end 2018 trading for $ 0.36.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
XRP/USD – Bitfinex – 1M, 2018

EOS saw bullish action during January and April of last year, during which the market posted gains of 59% and 195% respectively. EOS dropped by 78% during 2018, sliding from $ 12.17 to close the year at $ 2.62.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
EOS/USD – Bitfinex – 1M, 2018

LTC Produces Second-Most Bearish Year on Record

During 2018, LTC posted modest monthly price gains in February and April, with LTC increasing by 23% and 28%. Overall, LTC fell by 86% last year.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
LTC/USD – Coinbase – 1M, 2018

Despite the heavy losses, 2018 comprised LTC’s second most-bearish year on record. During 2014, LTC fell 88% from roughly $ 23.80 to $ 2.75, and only posted a single green monthly candle.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
LTC/USD – Bitfinex – 1M, 2014

Do you think the worst of the bear trend has already passed? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview.


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The post Leading Crypto Markets Post Worst Year of Monthly Price Action on Record appeared first on Bitcoin News.

Bitcoin News

Aquaman Just Brought Down a DC Universe Record

January 6, 2019 |

Aquaman is still the champ at the box office three weeks in, reports the AP , but the high-concept thriller Escape Room also drew some substantial crowds in its debut weekend. Warner Bros. on Sunday said that Aquaman has added an estimated $ 30.7 million from over 4,000 North American…
Newser

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

December 28, 2018 |

Despite the short-lived rally leading up to Christmas, BTC appears poised to post a fifth consecutive red candle on the monthly chart for the second time ever. BCH also looks ready to extend its record bear streak to five months of red, while ETH appears poised to post a monthly gain for the first time in seven months.

Also Read: Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit

BTC Likely to Post Fifth Consecutive Red Candle for First Time Since 2011

Should BTC fail to finish 2018 above $ 4,000 on Bitstamp, the markets will have produced five consecutive red monthly candles for the second time ever. At the current price of roughly $ 3,850, BTC has shed 50% since trading for approximately $ 7,725 at the start of August of this year.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
BTC/USD – Bitstamp – 1M

The first time BTC posted five red one-month candles in a row occurred during the fallout from what many describe as bitcoin’s first bubble of 2011, which saw BTC gain nearly 3,000% from roughly $ 1 in April to over $ 29 in June. Driven by minuscule liquidity, however, the rally was short-lived, resulting in roughly five months of downward momentum that saw BTC bleed 83% from $ 16.48 at the start of June to $ 2.79 at the end of November.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

Since then, the most heavily sustained bearish price action posted on BTC’s monthly chart took place during the second half of 2014, which saw four consecutive months of red as prices fell 47.5% from $ 640 at the start of July to $ 336 at the end of Oct. Following the three months of selling that persisted from March to May of 2015, BTC markets had not posted more than two consecutive red monthly candles leading into the second half of 2018. BTC currently has a capitalization of $ 67.2 billion and a market dominance of 52.4%.

BCH in Midst of Record Selling Streak on Monthly Chart

BCH/USD also appears on the cusp of posting five consecutive monthly red candles at the time of writing. The charts show a doji candle with a tight body on near-record volume for Dec., suggesting that the color of this month’s candle could easily change.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
BCH/USD – Kraken – 1M

Regardless of whether the month closes red or green, BCH/USD is currently in the midst of a record run of red candles after posting four consecutive months of bearish action starting in Aug. of this year, beating out the three-month slide that gripped BCH/USD during the first quarter of 2018.

Currently trading for approximately $ 170, BCH has slid 78% against the dollar since starting Aug. at roughly $ 775. When measuring against BTC, BCH is testing resistance at the 0.78 Fibonacci retracement area from the local top of 0.097 BTC at roughly 0.07 BTC.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

As of this writing, BCH is the fourth largest crypto market with a market cap of over $ 2.8 million and a market dominance of 2.2%.

XRP Dominance Over ETH Recedes

XRP/USD will likely close Dec. green, which would comprise just the third green monthly candle posted by the second-largest cryptocurrency by market cap.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
XRP/USD (Calculated by TradingView) – Poloniex – 1M

When measuring against BTC, XRP has continued to rally toward resistance at 0.0001 BTC, with current prices hovering at 0.0000980.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
XRP/BTC- Poloniex – 1M

At the time of writing, XRP has a market cap of $ 15.3 billion and a market dominance of 12.6%.

ETH to Post First Green Month Since April

After a record seven consecutive monthly red candles, ETH appears ready to post what would be the third green one-month candle for 2018. Since the start of May, ETH has shed approximately 81% of its value against the dollar, sliding from nearly $ 675 to $ 130 in roughly 200 days.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
ETH/USDT- Poloniex – 1M

When measuring against BTC, ETH is also poised to break a record spate of selling pressure, following six consecutive red monthly candles. The recent slide beats out the previous ETH/BTC record of five consecutive red monthly candles that sustained from the market’s Aug. 2015 launch until the start of 2016.

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles
ETH/BTC- Poloniex – 1M

Despite still sitting in third place by capitalization, ETH has reclaimed significant market dominance, currently comprising a $ 13.7 billion market cap and a dominance of 10.3%.

Do you think that the anomalous spate of sell pressure posted across the leading markets is a sign of capitulation? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview


Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

The post Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles appeared first on Bitcoin News.

Bitcoin News

Dow Industrials Storm Back in Record Rebound

December 28, 2018 |

The blue-chip index staged a late-day rally, swinging more than 850 points to finish 1.1% higher and offering a respite for investors bruised by the biggest selloff since the wake of the financial crisis.
WSJ.com: What’s News Asia

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices

December 27, 2018 |

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices

2018 was a crazy year in regard to the price of cryptocurrencies losing more than 80 percent of their values since they touched all-time highs. Interestingly enough, even though the prices of major digital assets plummeted, the hashrate for SHA-256 coins skyrocketed during the months of August through October. Although the hashrate has declined significantly since the price was severely impacted negatively this past November.

Also Read: Crypto Bear Market Triggers Rise in M&A Activity

A Look at the Hashrates Securing the Most Popular SHA-256 Coins in 2018

Cryptocurrency miners secure blockchain networks for a profit and the cumulative proof-of-work (PoW) hashrate of all the SHA-256 coins has seen milestone after milestone in 2018. The total hashrate of both Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks combined surpassed 65 exahash per second (EH/s) last August. Since then, the combined hashrate of both networks is averaging 42 EH/s during the final week of 2018, as the hashrate tumbled over the course of the last eight weeks. The hashrate is still twice higher than it was last January, even though it had lost around 20-25 EH/s after the high.

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices
Bitcoin Core (BTC) network hashrate 2018.

According to Coin Dance statistics, it is currently 4.10 percent more profitable to mine on the Bitcoin Cash blockchain. Furthermore, Coinwarz data details the BCH chain is the third most profitable PoW chain today. Since the SHA-256 hashrate declined rapidly during the first week of November and the BCH blockchain split occurred on the 15th, the Bitcoin Cash network hashrate has seen much better days. For instance, the cryptocurrency’s hashrate captured an average of 4-5 EH/s for most of 2018.

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices
Bitcoin Core (BTC) and Bitcoin Cash (BCH) hashrates combined, on Dec. 26.

However, because of the split and falling BCH prices, the network is only capturing 1.5-1.9 EH/s but has improved considerably since the last big price drop. When the price was under $ 100 per BCH, the hashrate was only .5-.9 EH/s (or 5,000-9000 petahash per second). The biggest mining pools on the Bitcoin Cash network this month are BTC.top, Viabtc, and BTC.com. The Bitcoin Core network’s largest pools today include BTC.com, Antpool, and Viabtc.

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices
The top SHA-256 mining pools of 2018.

2018’s Next Generation ASICs

2018 also saw a lot of buzz surrounding new ASIC miners that utilize next-generation chips like 7 nanometer (nm) and 10nm semiconductors. Even though these machines received a lot of attention because crypto-markets had plummeted, they really haven’t lived up to their hype so far. Even if a machine packs a lot of terrahash per second (TH/s), it still has a hard time profiting this year. There are roughly six SHA-256 ASIC machines at the time of publication that are pulling in a profit by mining either BTC or BCH. The most profitable miner today is the Asicminer 8 Nano Pro, a machine that claims to pack a monstrous 76 TH/s. It is followed by the Ebang Ebit E11+ which makes $ 3.73 per day at current prices and claims to capture 44 TH/s per machine.

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New DevicesAsicminer’s 44 TH/s Nano version is capturing $ 3.36 per day but the fourth most profitable miner, the Innosilicon T3, isn’t available for purchase yet. Only five of the six most profitable SHA-256 miners can be purchased today and most of these devices process more than 23 TH/s. Also, a big surprise came this week from the manufacturers of the 7nm-powered B2 and B3 miners created by the GMO Group from Japan. According to the company, it won’t be manufacturing these machines going forward and it saw a record loss of $ 218 million during the last four months. Other mining operations have also recorded deep losses this year, like when Washington-based firm Giga Watt filed for bankruptcy. And local reports stemming from China this past November explained that miners in the region were “selling mining rigs by the Kilo as scrap.”

Even With the Ups and Downs — Hashrate Continues to Increase Over Time

The bear market of 2018 has definitely taken a toll on miners but even more so during Q4. This month, news.Bitcoin.com explained how Chinese miners have been shorting the spot markets in order to break even on electric costs stemming from unprofitable devices. These rigs are then sold on the secondary market and miners keep repeating the cycle until they can buy new machines when prices get bullish. Although our publication also reported on Matt D’Souza, the co-founder of Blockware Solutions, who explained that even though some operations were going bankrupt, other mining facilities have handled the cryptocurrency recession in a more inventive fashion.

Moreover, even though SHA-256 mined coins had their values chopped considerably in 2018 and their hashrate plummeted by 20-25 EH/s, both metrics are still significantly higher than ever before. There will always be highs and lows but an economy with an upward healthy trend over the long run is always a good sign.

What do you think about the hashrate climb this year and all the new machines announced? Let us know what you think about this subject in the comments section below.

Disclaimer: Bitcoin.com does not endorse nor support these products or services. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com and the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Images via Shutterstock, Ebang, Asicminer, Blockchain.com, Coin Dance Cash, Fork.lol.


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The post The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices appeared first on Bitcoin News.

Bitcoin News