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Archive for September 2019

Litecoin Price Analysis: LTC Poised For Bullish Reversal

Litecoin has recently broken out of a descending channel on the Bitcoin pair and looks poised for a bullish reversal as Bitcoin continues to create lower lows. Traders speculate Bitcoins decline could fuel a Litecoin pump over the coming days. Litecoin 1-Hour Price Analysis On the 1 hour chart for LTC/BTC we can see a…

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Binance Axes BitTorrent Token (BTT) Trading Pair and 29 Others

Binance went on a delisting spree, going as far as to eliminate the BTT/BTC pairing. Binance culled 30 trading pairs in total, without removing the actual assets. Binance Removes Launchpad Token Pairs The most significant removal was for BitTorrent Token (BTT). Now, BTT only trades in pairs against stablecoins Tether (USDT), Paxos Standard (PAX), USDC…

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Major U.S. Crypto Exchanges Form Independent Ratings Council

Coinbase, Circle, Bittrex, Kraken, along with other major U.S. crypto exchanges and custody platforms have formed an independent rating platform for crypto tokens. Maker and Polymath are Most Likely Securities, Says CRC Dubbed the Crypto Ratings Council (CRC), the body reportedly evaluates cryptocurrencies to see if they classify as securities. According to its maiden ratings…

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$350 Million Bithumb Acquisition Deal Not Happening

The acquisition of South Korean bitcoin exchange Bithumb by BK Consortium has been scrapped. Bithumb Sale Hits Rocks Over Missed Payment Deadlines South Korean media outlet Hanguk Kyungjae says the proposed acquisition of Bithumb by BK Consortium may no longer go through. Reports indicate that the Singaporean entity led by a plastic surgeon and crypto…

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Bakkt Raked in Only $5.8 Million BTC Trading Volume in First Week

The highly anticipated launch of Bakkt’s physically-backed bitcoin futures has been disappointing, to say the least, posting only $5.8M of BTC trading volume in the first week. Many people in the community saw Bakkt as the catalyst to get institutional investors to enter the market. But so far, it doesn’t seem like institutions are interested.…

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Bugs Discovered in Bitcoin Lightning Network Implementations, Fixed

Blockstream core engineer Rusty Russell discovered critical Bitcoin Lightning Network bugs that were affecting C-Lightning, Éclair, and Lightning Network Daemon (lnd) implementations. Early LN Versions Failed to Check Funding Transaction Amounts Presently, three autonomous teams are working on the Lightning Network implementations: Blockstream, ACINQ, and Lightning Labs. The main objective of these teams, among other…

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