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The price of Bitcoin at the end of Tuesday won moderate gains. The bulls further hold the ground, following chunky progress in the previous session on Monday. BTC / USD price action has moved within a narrow block range since 7 December. The bottom of this range looks around $ 3100, high at $ 3600. This range must be broken for the direction of the next commitment. The bulls will need to break down the top of the mentioned range, around $ 3600. If they succeed in doing this, chances are that it will trigger a large wave of buying pressure. It can very well see prices fly back to $ 4500. Failure, however, is likely to result in a retest of $ 3100 down, violations here can be a big disaster.
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According to a recent study by Bloomberg, Stablecoin Tether actually has fiat reserves that are the same as outstanding tokens. Citing the "bank statement" has been "reviewed," the publication became the latest source to add fuel to the controversy surrounding Tether, which has been rampaging online since a series of legal struggles and banking reshuffle began last year. According to the statement, Tether, who issued and accidentally reserved each USDT unit with $ 1, has a combined fiat bank balance equal to or even higher than the USDT outstanding from September 2017 to July 2018, the last month for available information. Designed to be pegged at 1: 1 with USD, USDT has experienced fluctuations in recent months. The company, along with the cryptocurrency exchange, Bitfinex, both received calls from the United States government at the end of 2017, where a price manipulation probe was added last month.
A Bitcoin community group encourages investors to temporarily delete all their assets from any and all third party services - from centralized exchanges to custodian wallets. This is crypto which is equivalent to running in a bank. Known as Hodlers of Last Resort, they have asked users to withdraw their cryptocurrency on January 3, the tenth anniversary of the Bitcoin Genesis block. This movement wants the sector to remember what is meant by cryptocurrency is to do an event that is described as a "final stress test." If successful, this can pose a solvency risk for cryptocurrency currency exchange.
According to the latest report, Malta, what is called 'Blockchain Island' will have a blockchain bank. This new bank is expected not only for individual and corporate needs that focus on the blockchain, but also for individuals with net worth who previously had problems moving their money quickly and easily. This blockchain bank initiative is the brainchild of RnF Finance Limited, a Fintech company that focuses on blockchain based in Malta. According to the founder and CEO of RnF, Roderick Psaila, the company has submitted a license to function as a credit institution with the Malta Financial Services Authority
The following is a scheduled notification from the Osiris team. Our model has worked hard and smart in forecasting the market, and this is the most recent prediction for the next 3 hours:
As always, the red, green and blue rectangles show low, high and near predictive values, respectively, with appropriate confidence intervals, and black arrows describe our trade.
Pair: BTC / USD
Height: 3607.45
Low: 3480.38
Close: 3570.48
It's been a month since the famous Cash Bitcoin fork, which produced two rival chains, ABC Bitcoin and Bitcoin SV. The price of each coin is relatively stable, and the reaction to the hash level is relatively not as it was said as it used to be, with CHAPTER and BSV now responding to overall market movements to a greater extent than they do for technical coin-odd news. This has led some analysts to reiterate that "the war is over". Bitcoin ABC has made a big leap over the past three days, now it has the advantage of 48 solid blocks. The ABC and SV coins are currently trading at $ 101 and $ 82, respectively, BAB is one of the biggest producers of the recent bullish wave. The ABC chain has succeeded in breaking forward in terms of hash strength (61%) while still maintaining control over 53% of network nodes. The advantage of the Bitcoin SV mining remains quite low for several weeks, now being 16.1% below the original Bitcoin chain. The profitability of ABC Bitcoin mining is now 3.1% lower compared to the Bitcoin chain (13% profit compared to rival SV chains), possibly due to a recent surge in mining activity and increasing competition. The concentration of Bitcoin ABC miners has declined slightly on Saturday and has been comparable to the historical average since then. Today the leader is BTC .com with 24.31% of tissue blocks, followed by ViaBTC with 21.53%. Bitcoin ABC continues to attract consistent mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool, CKPool and okminer. Regarding the SV chain, mining activities are dominated by SVPool, Coingeek, BMG Pool and Mempool, recovering to more than 16% after falling to just above 2% on Saturday. Team Osiris is pleased with the recent CHAPTER growth and is awaiting further price movements to evaluate possible trading opportunities.
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