🗞 Daily Crypto News, November, 24th💰

in #cryptocurrency • 6 years ago

  • Bitcoin Price Eyes Double Bottom Reversal After $4K Defense ;
  • Bitfury Partners With Russian Economics University to Establish Blockchain Accelerator ;
  • Content Creators Can Earn BCH Using the Honest Cash Platform ;
  • Indian State Working to Help Crypto Businesses Grow ;
  • Crypto Hardware Wallet Ledger Resumes Bitcoin Cash Services ;
  • 📑 Daily Crypto Calendar, November, 24th💰
  • STEEM Trading Update by @cryptopassion

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price Eyes Double Bottom Reversal After $4K Defense

Bitcoin’s defense of key long-term support for the second time in four days is a positive sign for a potential recovery rally.

The leading cryptocurrency by market value fell below $4,242 (low of Wednesday’s inside-day candle) in the Asian trading hours, putting the bears back into the driver’s seat. As a result, BTC fell below the 200-week exponential moving average (EMA) of $4,182 earlier today.

The breach of the EMA support, however, may have trapped the bears on the wrong side of the market, as BTC is currently trading at $4,330 on Bitstamp, having clocked an intraday low of $4,061 earlier today.

🗞 Bitfury Partners With Russian Economics University to Establish Blockchain Accelerator

Multisectoral blockchain company Bitfury has partnered with the Plekhanov Russian University of Economics to create an accelerator for blockchain projects, Russian crypto news outlet Forklog reports Nov. 21.

In addition to supporting the development of blockchain projects, the university will provide courses and additional education dedicated to “training specialists who are able to create innovative projects using digital technologies in a short time.” This will enable specialists to “bring [the projects] to market amid the new industrial revolution,” Dmitry Ufaev, the head of Bitfury Russia, told Forklog.

🗞 Content Creators Can Earn BCH Using the Honest Cash Platform

Adrian Barwicki, the creator of the Panda Suite software development kit for Bitcoin Cash (BCH), revealed on Nov. 18 that he has been working on a “Medium-like” social media platform built around the BCH network. On Nov. 22, Barwicki announced the activation of his project, Honest Cash, which allows 100 accounts the ability to experiment with the beta platform.

🗞 Indian State Working to Help Crypto Businesses Grow

An Indian minister has reportedly revealed that a state government is working to protect businesses operating without a regulatory framework in India. They include cryptocurrency exchanges and crypto-accepting merchants. The move follows the arrests of the founders of a crypto exchange after they tried to set up an ATM-like kiosk at a local mall.

Indian State Working to Help Cryptocurrency Businesses GrowIndia’s Social Welfare Minister Priyank Kharge has reportedly revealed that the Karnataka state government “is working on setting up an Innovation Authority” with the aim “to protect consumer-friendly technology businesses that are operating in regulatory grey areas,” the Economic Times reported.

🗞 Crypto Hardware Wallet Ledger Resumes Bitcoin Cash Services

Bitcoin Cash (BCH) services for cryptocurrency hardware wallet Ledger have resumed, according to an announcement published Nov. 23.

Ledger suspended its BCH service on Nov. 14 in anticipation of the cryptocurrency’s hard fork “to prevent unwanted transactions and potential replay attacks.” During the service pause it was not possible to send BCH through the wallet’s infrastructure.

The BCH network experienced an upgrade on Nov. 15, resulting in a complex battle and eventually splitting the blockchain into two — BCH ABC supported by crypto evangelist Roger Ver and BCH SV led by Craig Wright. The hash war led cryptocurrency exchanges around the world to temporarily suspend BCH trading and withdrawals.

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📑 Daily Crypto Calendar, November, 24th💰

  • Impleum (IMPL)

"Update Impleum Core wallet with the Pre-release instance of the Impleum Full Node. This walet will work on par with ImplumQT wallet."

  • SunContract (SNC)

"This tour event is very important to SunContract as it will help to increase exposure. You can join us. European Blockchain HUB."

  • General Event (CRYPTO), Neural Protocol (NRP)

"Bitcoin & Co .: Practical introduction to the world of cryptocurrencies," from 14:00-18:00.

  • Vexanium (VEX)

"Lets learn how Blockchain and Digital Asset will disrupt the world! Registration bit.ly/lyfevexameetup2018."

  • Genaro Network (GNX)

Genaro Network (GNX) Meetup in Taskent with Head of CIS Amirsan Roberto.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

https://steemitimages.com/p/HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9VXwRXidDm9VQwBarGKyQaMdr76dYsN2HPPFob3eYAUV7G8gUiYH3hZxYo9ELUYwE8TgnNcJ3mbb4vA?format=match&mode=fit

Here is the current chart :

https://steemitimages.com/p/HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9UbTCrFW2hGGgNg2xTwxLGha4vNKMQX7PgdCMK54aK3fwKnwLEHDQS8jXxQdHcGA8QbDdxCifd8mTgS?format=match&mode=fit

Today, we are staying around the support line at 0.39$ and we are even trying to go back upper during the write of this article. It looks like the STEEM doesn't want go lower at short term before deciding which direction it will take. At least, we have a little support at the current level, support that we didn't have at all the last days. Let's consider this as positive news during this bearish period.

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6 years ago in #cryptocurrency by
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    • [-]
     6 years ago  

    The best news today is that the war between BCH SV and BCH AB has stopped the winner is the latter, therefore BTC would recover, may not fall further.

    [-]
     6 years ago  

    Indeed ! This war was SO stupid. I really dislike BCH...

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      [-]
       6 years ago  

      November falls, but it raises afterwards. It looks like a pattern for this time of year, but I believe that cryptos are stronger than the last year, even if the price has crumbled.

      [-]
       6 years ago  

      Hopefully, you are right ! This is tough.
      Thanks for the comment and follow

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        [-]
         6 years ago  

        crypto is down and i feeling so sad

        [-]
         6 years ago  

        Cheer up!! ... next year I think it would go up with BAktt stuff coming... its just a phase... meanwhile follow crypto news... https://www.altdex.co/ ...infact I think today there is recovery, some green in the market, have to check.

        [-]
         6 years ago  

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