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After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash

December 7, 2018 |

After a Year-Long Wait the New York-Based Exchange Gemini Lists Bitcoin Cash

Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend. Bitcoin cash supporters have been waiting for Gemini to list BCH since the fork on Aug. 1, 2017. Beginning Saturday, at 9:30 a.m. EST, customers will be able to deposit bitcoin cash into their Gemini account in order to trade.

Also read: Previously Inactive Whales Are Moving Large Amounts of BTC

Gemini Exchange Adds Bitcoin Cash Support

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin CashBitcoin cash fans found out on Dec. 7 that the New York-based trading platform Gemini was adding BCH to the exchange interface this weekend. It’s been 15 months since the Aug. 1 BCH fork, and proponents have been waiting for what seemed like forever for Gemini to list the coin. The exchange will add bitcoin cash with five trading pairs which include USD, BTC, ETH, LTC, and ZEC. Gemini’s vice president of engineering, Eric Winer, detailed that BCH seeks to “build on the goal of the original Bitcoin and become an electronic cash system.” Furthermore, in light of the recent Nov. 15 hard fork which resulted in a split and the birth of BSV, the company explained that the BCH ticker will be assigned to the ABC side of the fork.

BCH Will Be Available for Gemini’s Trading and Custody Services, but No BSV Support

Bitcoin Cash, a fork of the Bitcoin network, was recently forked into two distinct networks and blockchains: Bitcoin ABC and Bitcoin SV — At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH,” detailed Winer’s post.

The engineering executive also noted the company had added replay protection and continued by stating:

Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. We are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.  

Of course, BCH proponents were pleased to hear that the trading platform was finally adding bitcoin cash. Moreover, on Dec. 6, the bitcoin cash fork BSV jumped ahead of BCH as far as coin market capitalization is concerned. However, since the Gemini announcement, BCH has temporarily reclaimed the fifth position but both assets have been toe-to-toe in price over the last 48 hours.

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash
A preview of the BCH trading engine on Gemini. Trades will open tomorrow, Dec. 8, 2018, at 9:30 a.m. EST.

Gemini’s Winer further detailed that the company worked closely with the New York State Department of Financial Services (NYSDFS) in order to list BCH. Winer and Gemini associates believe the New York company is “the world’s most regulated cryptocurrency exchange and custodian.” Bitcoin cash will also be available to Gemini’s cryptocurrency custody business model which aims to attract institutional investors.

What do you think about Gemini adding bitcoin cash (BCH) to the company’s trading and custody services? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, Gemini, Twitter, and Pixabay.

Need to calculate your bitcoin holdings? Check our tools section.

The post After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Thought you got burned by bitcoin in 2018? Just wait till next year

December 5, 2018 |

Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019.

The largest cryptocurrency slumped as much as 5.9% to $ 3,668.09 on Wednesday, approaching the more than one-year low of $ 3,522.58 reached on Nov. 26. After a few days of relative stability, volatility…

L.A. Times – Business

People Wait in Rain for Hours on East Coast’s First Day of Pot Sales

November 21, 2018 |

Customers waited in long lines, sometimes for hours, on a cold and rainy New England day to be among the first people to legally buy recreational marijuana on the East Coast, the AP reports. More than two years after Massachusetts voters approved of legalizing marijuana for adults, the state’s first…

Technology may help cut airport wait times, but you will have to do a bit more work

November 17, 2018 |

With forecasts predicting that airline travel worldwide will grow steadily over the next 20 years, airports are turning to technology to try to ease the inevitable human crush that could lead to long wait times and frustrated passengers.

But to curb those queues, airports plan to ask travelers…

L.A. Times – Business

Man Kills Wife, Self as Their Kids Wait to Go Trick-or-Treating

November 2, 2018 |

Authorities say a Florida man killed his wife and himself as his children waited to go trick-or-treating, the AP reports. A Polk County Sheriff’s Office news release says 40-year-old Antero Araujo Quintana shot his wife, 42-year-old Beatriz Araujo, and then himself Wednesday evening at the family’s Lakeland home. Witnesses say…


Thousands in a migrant caravan wait to cross the Guatemalan-Mexican border

October 20, 2018 |

Thousands of Central American migrants fleeing poverty and violence packed a bridge connecting Guatemala and Mexico in sweltering heat Saturday as part of a politically charged, US-bound caravan. – RSS Channel – Regions – Americas

If you’re a ‘non-elite,’ expect to wait around when American Airlines cancels or delays a flight

October 13, 2018 |

American Airlines is taking some heat after an internal memo leaked telling employees that their first priority during delays or cancellations should be to get elite passengers to their destinations, even if it means using a competing airline, but economy passengers shouldn’t get that option.


L.A. Times – Business

Markets Update: Crypto-Traders Patiently Wait for a Break Out

October 4, 2018 |

Markets Update: Crypto-Traders Patiently Wait for a Break Out

Cryptocurrency prices have remained in a consolidated pattern over the last two weeks with a few ups and downs, but have remained fairly stable in recent days. The overall market capitalization of all 1900+ cryptocurrencies is valued at $ 221 billion with close to $ 12 billion worth traded over the last 24-hours.

Also read: Bitpay Phases Out Crypto-Debit Cards for European Cardholders

Crypto-Markets Are Meandering Around as Traders Wait for a Break Out

Digital asset traders are patiently waiting for a break-out of some sort, in any direction, but it’s safe to say a lot of people are waiting for that bearish-to-bullish reversal. Today, just before the weekend, cryptocurrency trade volumes globally have ticked up and prices are meandering along with 2-3 percent swings at times. Bitcoin core (BTC) is hovering around $ 6,596 at the time of publication with a $ 114 billion total market valuation. BTC is the top traded coin by trade volume, as BTC markets are capturing $ 3.8 billion in daily trades. The second highest valued capitalization held by Ethereum (ETH) is around $ 22.9 billion with each ETH trading for $ 224 per coin. Ripple (XRP) is being swapped for $ 0.53 and the currency’s valuation is awfully close to Ethereum’s market cap at $ 21.3 billion. Eos (EOS) markets are up 3.5 percent today as one eos is being exchanged for $ 5.75 per coin.

Markets Update: Crypto-Traders Patiently Wait for a Break Out
Top ten cryptocurrencies October 4, 2018.

Bitcoin Cash Market Action

Bitcoin cash (BCH) markets are up only 0.9 percent today, and over the last seven days the currency has lost 8.3 percent. Today BCH is being traded for roughly $ 516 per coin and the overall market capitalization is $ 8.99 billion. With a 24-hour volume of around $ 452.9 million, bitcoin cash markets hold the sixth highest trading volume throughout the crypto-economy. The top five exchanges today swapping the most BCH include Lbank, Hitbtc, Binance, Okex, and Huobi. Tether (USDT) is the currency traded with BCH the most today as USDT captures 36.5 percent of the market. This is followed by BTC (34.1%), ETH (19.4%), USD (4.6%), and KRW (1.8%).

Markets Update: Crypto-Traders Patiently Wait for a Break Out
Bitcoin Cash (BCH) 10-4-18 3:20 pm EDT.

BCH/USD Technical Indicators

Looking at the daily and 4-hour BCH/USD charts on Bitfinex and Bitstamp show bears have managed to lower the price of BCH to get in on some cheaper coins. On the 4-hour charts, both the RSI (-36) and Stochastic oscillators show markets are remaining in oversold territories at press time. One thing that’s worth noting is the two Simple-Moving-Averages (SMA) are about to cross hairs and this could mean an upside trend reversal is in the cards.

Markets Update: Crypto-Traders Patiently Wait for a Break Out
BCH/USD Bitfinex daily 10-4-18.

The 200 SMA is still slightly above the 100 SMA trendline showing for now the path towards the least resistance is still the downside. The 4-hour MACd shows room for improvement and Bollinger bands are extra tight. Looking at order books we can see lots of opposition at the current vantage point up until $ 550 and then again at $ 580. On the backside, if bears try and claw the price down more then there are thick foundations at $ 480 all the way to $ 460.

Markets Update: Crypto-Traders Patiently Wait for a Break Out
BCH/USD Bitfinex 4-hour 10-4-18.

The Verdict: Traders Uncertain of a Bullish Reversal or Downside Break

Of course, there are a lot of analysts who believe crypto prices will grow bullish again this year and some think BTC can hit $ 20K again. However this week on CNBC the CEO of crypto investment firm Galaxy Digital, Michael Novogratz said he doesn’t think BTC will go above all-time highs in 2018 and continues, “I don’t think it breaks $ 9,000 this year.” During an interview this week the cryptocurrency analyst Nikola Lazić forecasted a downturn in prices.

“I am expecting a breakout from the downside because the horizontal support has already been broken today, the red triangle’s support has been broken in the past when the price found support on the symmetrical triangle’s uptrend line which was respected in the past,” explains Lazić.

The analyst continues:

If that last support gets broken then we are definitely seeing a lower low which would be below $ 5,767 (£4,458).

Overall markets, in general, have been consolidating and traders are simply waiting for the next spike or drop depending on which way they are betting. It’s safe to say enthusiasts and traders are still uncertain where markets will take them during the last quarter of the year.

Where do you see the price of Bitcoin Cash and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither 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.”

Images via Shutterstock, Trading View, and Satoshi Pulse.

Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Crypto-Traders Patiently Wait for a Break Out appeared first on Bitcoin News.

Bitcoin News

Lighthizer says U.S. won’t wait for Canada on new NAFTA pact

September 26, 2018 |

The U.S. is moving forward on its bilateral trade deal with Mexico even if Canada is left out because negotiators can’t resolve their sharp differences over dairy and a dispute resolution system, U.S. Trade Representative Robert Lighthizer said.

The Trump administration soon plans to present to…

L.A. Times – Business


Delighted father of rescued soccer player can’t wait to hug his son

July 11, 2018 |

For 17 days, Adisak Wongsukchan kept vigil on the mountainous terrain surrounding the Tham Luang caves. – RSS Channel – World