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Latest cryptocurrency news and prices, 19 August 2019
Bitcoin has climbed back above the psychological $10,000 barrier while the altcoin markets are green. Here are your latest cryptocurrency news and prices.
After some minor downward price corrections over the weekend, Bitcoins (BTC) price has finally retested the $10,000 psychological barrier and is trading above the $10,400 resistance at the time of writing. The altcoin markets for the most part are all recording gains for the past 24 hours. Here are your latest cryptocurrency news and prices.
Yesterday saw several major cryptocurrency markets experience slight downward price corrections. Bitcoin (BTC) fell below the $10,200 resistance as per data from CoinMarketCap. However, as of this morning, Bitcoin (BTC) is up once again by 2.51% and changing hands at $10,417.56.
(Trading at $10,417.56 at 14:00 19 August 2019)
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Decided by all core devs and team members in previous meetings, the Istanbul hard fork will be rolled out in two phases. The first part, which includes all of the six code changes AKA ethereum improvement proposals (EIPs) is set to roll out upon the ethereum mainnet in October.
The second part to the hard fork, which is set for activation sometime during the first quarter of 2020, will include EIPs that still need to undergo extensive testing and deliberation from core devs. Included in these EIPs is ProgPow, a proposed mining algorithm.
Spanish megabank Santander Group is expanding its use of Ripples technology.
The bank is building a payment corridor that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripples xCurrent software, officials told CoinDesk.
Currently, only customers in the U.K. and Spain can send money to the U.S. over One Pay FX. While the bank would not reveal how many Latin American countries it plans to connect to the corridor, Santander serves Brazil, Uruguay, Chile and Mexico.
(Trading at $0.285757 at 14:00 19 August 2019)
Bitcoin Cash is ranked at 4. A climb rate of 1.6% was noted. The trading volume recorded is $1.081 billion, whereas the supply has 17,954,025 BCH coins involved. The total market cap of Bitcoin Cash is $5.675 billion. At present, BCH is priced at $316.14.
The daily RSI [for 10 periods- in case of the BCH/USD chart] is at 47. The line is pointing upwards, indicating pressure from buyers. However, the Awesome Oscillator peaks remain brown and below the zero line. Thus BCH is unpredictable as of now. Support exists near the $299.15 level.
On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is an investor in Casa, a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company:
I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!
Binance coin (BNB), the native token of major cryptocurrency exchange Binance, jumped by more than 3% in two hours following the announcement that the company plans to initiate an open blockchain project, Venus.
At pixel time (07:20 UTC), BNB trades at c. USD 28.92.
Binance explained that the initiative aims to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.
The market is increasingly shrugging off the fears around Bitfinex covering up losses with funds earmarked for backing Tether (USDT), especially as it has apparently already received commitments for USD 1B in its current raise to offset funds frozen by US, Polish and Portuguese authorities. With liquidity on USDT significantly higher than newer, competing USD-backed, audited stable coins due not in small part to USDT enjoying first mover advantage and the network effects from having the longest established history, the market appears to be largely sticking with using USDT which is listed on more crypto exchanges and offers superior liquidity.
EOS price tested the $3.400 support area and recently started an upside correction. The price is currently up around 5% and is trading above the $3.700 level. The main resistance is near $3.850, above which the price could continue to rise towards the $4.000 resistance area.
The All Aboard platform enables developers to build applications on the Bitcoin SV blockchain, the only blockchain that enables massive enterprise-level scaling. BSV also facilitates micro-transactions due to its extremely low transactional fees and settles transactions in seconds. This has made it the blockchain of choice not just for users, but for developers as well. And with development tools being made easily accessible by Bitcoin Faucet, building on the leading global blockchain will be easier than on any other platform.
Monero is ranked at 10, below Bitcoin SV but above Stellar Lumens and TRON on coinmarketcap. The price of XMR fell at a rate of 0.44% in the course of the past 24-hours. The trading volume recorded is $70.186 million, while the supply has 17,160,868 XMR coins in play. The total market cap of Monero is $1.423 billion. As of this moment, XMR is priced at $82.94. Monero coins are mineable [know more about crypto-jacking, which is a growing dilemma for scores of users].
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
Maimane quit as the DAs leader but would continue his work as an MP in parliament.
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