Welcome to my Cryptocurrencies Market Overview for Tuesday, November 14, 2017.
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Latest Crypto News - November 14, 2017
Bottom in Place? Bitcoin's Price Needs to Consolidate
Bitcoin's price is holding its ground so far today. As of writing, the world's largest cryptocurrency by market capitalization is changing hands for $6,495, as per the CoinDesk Bitcoin Price Index.
Read more: coindesk.com
Chinese Hydroelectric Crackdown Could Herald the Demise of Cheap Bitcoin Mining
Chinese bitcoin miners are the latest tranche of the country’s cryptocurrency community to be hit by restrictions. This time it’s not the government but a subsidiary of the State Grid Corporation that has issued the decree, in a move which calls into question the country’s ability to sustain bitcoin mining operations. At present, both the bitcoin and bitcoin cash networks are heavily dependant upon the efforts of Chinese miners, who hold over 80% of the hashrate distribution.
Read more: bitcoin.com
Other sources:
- China Bitcoin Mining: Losing Access to Hydroelectric Power?
- State-Owned Power Provider Denies Chinese Bitcoin Mining Ban Rumors
Fool’s Gold? Miners Losing Trust After Bitcoin Gold Launch Hassles
Newly “forked” coin Bitcoin Gold (BTG) is reportedly breaking miners’ and supporters’ trust with its wobbly launch. Problems with nodes connecting to the network and possible interference from opponents have disrupted BTG’s first day.
Read more: bitsonline.com
Bitcoin Cash Difficulty Normalizes, Miners Cautiously Get On Board
The hard fork with Emergency Difficulty Adjustment (EDA) went through and normalized the difficulty, inviting back miners.
Read more: cryptovest.com
CME Group CEO Reveals Date For Mainstream Bitcoin Derivatives
CEO and Chairman Terry Duffy of CME groups expects Bitcoin derivatives trading to start as soon as the second week of December.
Read more: cryptovest.com
Current Bitcoin Cash price Rally may Push the Value to $1,500
In what is almost becoming a daily trend, the Bitcoin Cash price is surging once again. Thanks to a solid 19.66% gain over the past 24 hours, we may very well see Bitcoin Cash surpass $1,500 later today. At the same time, Bitcoin itself is losing ground now that mining in China may be considered illegal. The balance of power in the cryptocurrency is still very fragile and tends to shift around pretty easily these days.
Read more: themerkle.com
Big money is coming to bitcoin: ex-Fortress executive Novogratz
Mike Novogratz, the former macro hedge fund manager at Fortress Investment Group who has joined the mad dash for crypto-currencies, said on Monday that mainstream institutional investors are about six to eight months from adopting bitcoin.
Read more: Reuters
Ethereum Retakes $335 as Market Rebounds Strongly
It has been a relatively boring day for all cryptocurrencies so far, although most coins are back in the green. One thing people will appreciate is how the Ethereum price is slowly returning to the US$350 level. Thanks to a solid 5.6% gain over the past 24 hours, the Ethereum price is on the brink of surpassing US$335.
Read more: themerkle.com
Waves Platform Launches New Technology, Aims To Become Faster
Waves has launched its bid to become a faster decentralized Blockchain platform, as the company has commenced the public stress test for its Waves-NG technology on Nov. 8, 2017. The new technology is aimed at expanding the effective bandwidth and speed of block creation which can benefit the businesses utilizing the Waves platform.
Read more: cointelegraph.com
Kraken Exchange Issues Ruin Another Weekend for Cryptocurrency Traders
If there is one thing to take away from this weekend, it is how some centralized cryptocurrency exchanges are absolutely abysmal. Over the past few days, it’s become pretty obvious Kraken has a lot of problems it still hasn’t sorted out. Problems like these have been documented for many years now, and many complaints can be found all over social media. We can only hope decentralized exchanges take off sooner rather than later.
Read more: themerkle.com
Monaco Selects Gemalto's Innovative Metal Card to Bring Power of Cryptocurrency to Every Wallet
Monaco, the pioneering payments and cryptocurrency platform, announced today that it has selected Gemalto to supply innovative card bodies, among which are high-end metal cards for Monaco's range of Visa Platinum cards. Such cards, coupled with the Monaco app, deliver perfect interbank exchange rates and up to 2% cryptocurrency cashback on all purchases. In the financial services world, metal cards often signify premium products offered to high net-worth clientele.
Read more: prnewswire.com
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