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Cryptocurrency prices analysis and forecast – 14 November 2018

Cryptocurrency prices analysis and forecast – 14 November 2018
BTC/USD
BTC/USD is being traded at $6,489 and continues to move within the correction. Against the rest of the main crypto coins, which lost about 1% at the start of the week, Bitcoin as a whole, demonstrates an enviable stability. It is expected that the constancy of the price of the coin leads to its spread as a means of payment. In the press, news of the acceptance of BTC to pay for goods and services is increasingly appearing. At the moment, the inclusion of the possibility of payment for services by cryptocurrency is often of a marketing nature. Nevertheless, the more stable the market, the higher the likelihood of the return of interest of large service providers – primarily in the digital segment.

As part of the forecast …
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Despite the “harsh external environment”, GMO’s crypto business remains profitable

Despite the “harsh external environment”, GMO's crypto business remains profitable
The Japanese company GMO Internet published its financial indicators for the third quarter, in which it showed the profitability of its cryptocurrency businesses, despite the “harsh external conditions”. Reported by Cointelegraph.

GMO reports that the production of its own mining equipment and a cryptocurrency exchange for the third quarter brought 2.6 billion yen in profits ($ 22.8 million). GMO Coin, the company’s cryptocurrency platform, in October reached 208,000 users with a trading volume of 89 billion yen ($ 781 million), and quarterly profit rose by 34.4% compared with the previous quarter.

The mining segment of GMO also became profitable, but the numbers in the second and third quarters indicate a decrease in market act …
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Crypto mining has become more expensive than gold mining

Crypto mining has become more expensive than gold mining
American scientists compared the cost of electricity for mining and metal mining.

It turned out that it is more expensive to mine cryptocurrency. This was stated by scientists Max Krause and Thabet Tolaymat.

According to the study, which was published in the journal Nature Sustainability journal, mining entails a very large expenditure of energy. For example, the energy consumption of the entire Bitcoin network, according to various estimates, varies from 4-5 TWh per year to 26 – 44 TWh per year and even 46. These figures are comparable to total electricity costs in Hong Kong and Ireland. …
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Cryptocurrency prices analysis and forecast – 13 November 2018

Cryptocurrency prices analysis and forecast – 13 November 2018
BTC/USD
BTC/USD is being traded at $6,456 and continues to move within the correction. Since the minimum that we saw on the weekend did not finish the support line, then we can expect another breakthrough in an attempt to test the local bottom or at least update the recent low. This probability is indicated by technical indicators. After the bounce from the support area, which also should not keep us waiting, we can count on rising prices within the previously designated corridor. In the medium term, it is not necessary to expect any trends from coin №1. There will be a flat and only a flat, even within such a wide range as $7,000 – $6,000. The key here is the acceptance of the fact – the price of the most popular cryptocurrency is s …
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Austrian FMA warned of the dangers of “trading service” Bitcoin Profit

Austrian FMA warned of the dangers of “trading service” Bitcoin Profit
On November 9, the Austrian Financial Market Supervision Authority (FMA) warned retail investors about the negative consequences of using Bitcoin Profit’s “trading service”.

According to the regulator, Bitcoin Profit conducts unlicensed activities.

Currently, the website of the company that used to provide these services is not working, and therefore it is difficult to determine how many people in Vienna were involved in this illegal trading.

At the same time, the owners of Bitcoin Profit advertised their service via the Internet for almost six months.

Reading the fake “reviews” left by “happy” clients on different sites, you might think that the company really offers users access to a cryptocurrency platform.

In one of the …
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Bitcoin Cash, The Fake Bitcoin: what to expect from the upcoming hardfork?

Bitcoin Cash, The Fake Bitcoin: what to expect from the upcoming hardfork?
This article is about Bitcoin Cash, the fake Bitcoin and huge-scale scam that doesn’t even have the certain ticker – is it BCC or BCH? I’ll call it BCH as it seems to be more common.

For the first time in November, the BCH price went up. I cannot say that it was unexpected – rather the opposite, quite predictable, given the events since the end of August. How does the situation develop for the market in the future and what are the options of the situation?
Turns out if you start a coin by hard fork without consensus, precedent is to hard fork without consensus
Aaron van Wirdum
The Beginning
With the beginning of a big cooling of the market in January 2018, the interests of the three accomplices who created their own “pocket b …
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Cryptocurrency prices analysis and forecast – 12 November 2018

Cryptocurrency prices analysis and forecast – 12 November 2018
BTC/USD
BTC/USD is being traded at $6,402 and continues the correction. The coin was traded on weekends with some “coolness,” as trade volumes plummeted amid a shortage of fresh trading catalysts. The debate over the Bitcoin ETF intensified after a senior manager at VanEck spoke about the potential of the new asset class. Quotes of cryptocurrency number 1 are still largely determined by the news. But Bitcoin has already developed a fairly strong immunity against them. Therefore, it is not necessary to wait for strong jumps in the market value. On the other hand, no major players are interested in the collapse of the main cryptocurrency, and the lower limit of volatility is still determined by the level of profitability of mining. When it …
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