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There was a decent support base formed near the $3,350 level in bitcoin price against the US Dollar . The BTC/USD pair started an upward move and traded above the $3,400 and $3,500 resistance levels. The price even climbed above the 50% Fib retracement level of the last decline from the $3,850 high to $3,207 low. Finally, there was a close above the $3,480 level and the 100 hourly . (Source: https://www.newsbtc.com/2018/12/10/bitco...)
South Korean blockchain startup Presto announced on Friday that it has filed a constitutional complaint alleging that the government’s ban on all forms of initial coin offerings (ICOs) in September last year is unconstitutional, local media reported. The company has requested an appeal of the ban, according to Sedaily. Presto CEO Kang Kyung-won explained that although his company had considered alternative means such as setting up an overseas corporation to issue tokens, the Korea Economic Daily quoted him as saying, “We trusted that the government will foster new industry through follow-up measures.” However, it has been more than a year since the ban and the government has yet to introduce any forms of ICO guidelines or regulations. Kang was further quoted by Sedaily as saying: "As a blockchain startup company, we face a great deal of difficulties due to the ICO ban and the lack of legislation from the government and the parliament for more than a year. I am requesting confirmation of the unconstitutionality of the lack of legislation." (Source: https://news.bitcoin.com/korean-court-go...)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
It has been three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Bitcoin is continuously struggling to maintaining slim advantage and is currently 6 blocks ahead. BAB price has somewhat recovered from previous lows and now has reached $106. As for now, the SV chain has minor advantage in terms of hash power (56%), however the chain is still controlling 73% of the network’s nodes (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 30% more profitable to mine on the original Bitcoin chain. Bitcoin mining profitability is somewhat stable now being 12% higher than that of the Bitcoin chain (a 42% advantage compared to the rival SV chain). Bitcoin miner concentration remains unchanged, slightly above historical levels. As for today, ViaBTC is the apparent leader, having mined 33.33% of recent blocks, followed by BTC .com with slightly below 30%. Bitcoin is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool, and okminer, the first six pools now consistently mining at least one block every day (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...), contributing to the overall more healthy and diverse environment of the chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin team. Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool somewhat lagging behind today with below 10%. The Osiris team is therefore reasonably certain that there is substantial growing potential for BAB , guided primarily by .
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