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Yesterday, we discussed the chances of a fresh weekly low below $3,200 in bitcoin price against the US Dollar . The BTC/USD pair did trade lower and broke the $3,295 and $3,260 support levels. The price even broke the $3,200 to signal a major wave. A new weekly low was formed at $3,150 and it seems like the price remains in a significant downtrend. (Source: https://www.newsbtc.com/2018/12/14/bitco...)
According to the Dallas News, The U.S. Securities and Exchange Commission ordered the AriseBank founders on Wednesday to pay back investors who believed that their money was to be used to create a cryptocurrency bank, which never actually came to fruition. The crypto startup from Dallas, Texas, was planning their AriseCoin ICO to raise $1 billion, but was closed down in January by the SEC for rogue practices and allegedly lying to their investors. The SEC had halted the ICO based on promises made by AriseBank as it claimed to have purchased a FIDC bank, which was found to be untrue. Other claims by AriseBank also turned out to be untrue. The director of the Fort Worth SEC office, Shamoil T. Shipchandler, came out in January to make a statement in regards to the alleged fraudulent activities of AriseBank by saying: “Rice and Ford lied to AriseBank’s investors by pitching the company as a first-of-its-kind decentralized bank offering its own cryptocurrency for customer products and services.” (Read more: https://www.ccn.com/dallas-crypto-startu...)
This holiday shopping season, hundreds of women are earning their first Bitcoin by buying items online with an in-browser app called Lolli. Revealed exclusively to CoinDesk, cosmetics chain Sephora has joined the list of retailers where shoppers can earn cash back, in the form of Bitcoin , through an app called Lolli. The Bitcoin rewards startup says it won over the beauty chain with data: specifically, 30 percent of the app’s thousands of users are women. “We’ve gone back to a lot of these retailers that previously were not interested but now are coming on-board,” Lolli CEO Alex Adelman told CoinDesk. “One of the biggest ones that just joined us is Sephora, which adds an entire suite of retailers in the beauty category.” Lolli’s partners, including beauty retailers like Ulta and fashion brands such as Everlane, pay it for customer referrals and give the e-commerce startup fiat, which it converts into Bitcoin rewards for shoppers. Despite the broader bear market, or perhaps because of it, this lean 6-person startup is actually gaining traction while other crypto startups face layoffs. (Read more: https://www.coindesk.com/sephora-shopper...)
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 more than three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin and Bitcoin SV. The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with BAB and BSV now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. Bitcoin is currently in the lead with a minor 4-block advantage. and SV coins are currently traded at $84 and $76, respectively. The trading patterns for both coins have been maturing slowly, which implies both lower and lower growth potential. As for now, the SV chain has a slight advantage in terms of hash power (55%), however the chain is still controlling 54% of the network’s nodes (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV has remained quite low for a week now and has further dropped recently, now being 62.8% below the original Bitcoin chain. Bitcoin mining profitability is has also somewhat dropped, now 6.6% lower than that of the Bitcoin chain (nevertheless, a 56% advantage compared to the rival SV chain). Bitcoin miner concentration has slightly dropped today, still remaining above historical averages however. The leader has changed today, with BTC .com having generated over 35% of the chain’s blocks, followed by ViaBTC with 17.36%. 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...). Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool dropping out of radar again with just above 4% today. Interestingly enough, BTC .top has been spotted mining on both chains, a historically unprecedented move for a major mining pool, however its output in the SV chain remains negligible (less than 1%). The Osiris team might reconsider its buy-and-hold profile for BAB in the nearest future, still opting however to hold the coin as for now.
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