Day: December 2, 2019

A bearish cross on Bitcoin’s monthly moving average convergence/divergence (MACD) indicator could spell challenging times ahead. Such crosses occur when the 26-week moving average (MA) of BTC price goes above the 12-week MA. A Cross Into Bearish Territory As pointed out in a tweet yesterday by commentator, Byzantine General, the 12-week MA fell below the 26-week MA on the monthly scale. This indicates that a negative short term trend is having more of an impact than underlying movements in BTC price. The monthly MACD on #bitcoin just had a bearish cross.…

The OneCoin website is finally down – further unraveling one of the biggest Ponzi schemes in the crypto space. The portal that offered “educational packages” was a remnant of the scheme, and is still carrying user balances. OneCoin Site Carried Data About User Investments The OneCoin.EU website is now down, and the DNS record is under investigation for further leads into the OneCoin scam. The site continued storing OneCoin balances, even potentially facilitating OTC trades. The site went down just a few days after reports of a nondescript van and…

Japan’s telecom carrier SoftBank launched its SBC Wallet Card (Softbank Card 3.0), which integrates a blockchain wallet.   SoftBank Claims its Blockchain Card Has Better Security Besides the basic features of a bank card, Softbank Card 3.0 incorporates multiple functions. The card’s security relies on SoftBank’s proprietary encryption system that uses several encryption mechanisms. Card users can choose between hot and cold wallet functions. The card acts both as a typical credit card and as a digital wallet. In addition, it integrates the Internet of Things (IoT) chips that can…

Has Dash Core Group Senior Advisor MooCowMoo pulled an exit scam with a so-far-unknown quantity of Dash investors’ funds? Here’s what is known so far. Core Advisor MooCowMoo Disappears Senior Advisor for Dash Core Group (@Dashpay), owner of a “Masternode Shares” service, disappears with the funds of several Dash Investors. Dash Core Group tells users to figure it out themselves: “there is power in numbers”.@CoinSpice @coindesk @fluffypony pic.twitter.com/uiuvt9AlJL — DashUncensored (@DashUncensored) December 2, 2019 What looks to bear all the classic hallmarks of an exit scam came to light yesterday…

The hope that Bakkt futures traders would seek out physical delivery settlement to become Bitcoin (BTC) holders may be unfounded. So far, futures traders prefer to roll over their contracts before expiration. Bakkt Traders Roll Over and Refuse BTC Delivery The Bakkt platform physical settlement BTC product arrived with the hopes of turning institutional and professional traders into holders of coins. However, the desire to own actual BTC, even in Bakkt custody, was not as high as previously thought. Only 15 actual BTC were delivered in October, with most of…

The South African Reserve Bank (SARB) is planning on new rules for the usage of digital assets, in a bid to stop illegal fund transfers. New Rules for Crypto Usage May Attempt to Limit Transfers According to local news reports, cited by BusinessReport, the new rules will be applied by the end of the first quarter in 2020. The expectations were based on a statement by SARB deputy governor Kuben Naidoo. The report arrived just days after the comments of Twitter’s CEO Jack Dorsey that Bitcoin would find adoption in…

Models on Bitcoin (BTC) future behavior see the coin as following a path of appreciation over the years, potentially suggesting that future prices would follow the same trend. But new research suggests the “corridor of growth” may be an exercise in retrofitting, and not of prediction. PlanB Model Breaks Down on Real Price Analysis It is true that Bitcoin has grown over the years, but the scenario of perpetual growth, fueled by adoption and reward halvings, does not hold to statistical analysis. The natural growth channel model, proposed by Harold…