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Daily Email 02-18-19
Bitcoin Gold (BTG)
Bitcoin Gold is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. ASICs tend to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have. It has a market cap over $215.4 million, a circulating supply over 17.5 million and has traded over $18.79 million in the past 24 hours according to CoinMarketCap.com
BTG/USD is looking to establish a higher low today with its breakout move. A close above $11.673 is a potential indication that the price will fully retrace the downtrend since mid-December. A potential stop could be placed below $11.500 and raised below each successive higher low.
News to Know
Report: Coinbase-Supported Bitcoin Debit Card to Shut Operations in April
The Shift Bitcoin (BTC) debit card, which allows United States cryptocurrency exchange Coinbase users to spend BTC using a Visa debit card, is reportedly shutting down its operations. The development was posted to Reddit on Feb. 18, with the upload of an email purportedly from the Shift team.
Coinsquare Takes Over Crypto Platform StellarX
StellarX will now become a wholly-owned subsidiary of Coinsquare, headquartered in Bermuda, and plans to apply for a licence to operate in the region. However, StellarX will retain its existing brand. BlockEQ, which Coinsquare snapped up last December, will now be renamed and serve as the anchor wallet for StellarX.
Crypto Hardware Wallet D’CENT Announces Wallet & Development Updates for iOS.
Internet of Things security expert team from IoTrust Co., Ltd, located in Seoul, Korea has announced support for iOS version of mobile App for the company’s D’CENT hardware wallet. The product, featured with biometric authentication was first revealed late last year at Blockchain Expo in Bangkok and LaBitConf 2018 in Chile.
Court Reconsiders Ruling After SEC Proves Tokens Are Securities
After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status.
XRP Price Rises Slowly as Tencent Confirms Interest in Ripple’s Currency
With all of the top markets enjoying some positive momentum, one would expect the likes of XRP to note strong gains. While there is indeed a minor uptrend in place, it is far from spectacular. Despite this somewhat disappointing rise in value, some community members are convinced the XRP price is effectively heading to the moon once again.
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