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Cryptocurrency prices analysis and forecast – 13 December 2018

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BTC/USD



BTC/USD is being traded at $3,540 in the correction. Boring trading against the absence of any significant news for the market continues. The price hasn"t gone far from the minimum values. Judging by the dynamics of the rebound and the activity of market participants over the past 5 days, the pessimistic mood persists in the coin, as in the rest of the market. In general, the technical picture remains unchanged. In the event that prices update at least $3,290, a move to a psychologically important level of $3,000 looks very likely. All that remains for market participants is to prepare for the upcoming holidays and just to wait patiently.



BTC/USD Forecast and analytics 13 December 2018



As part of the forecast for ...
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The BSV network is vulnerable to double-spend attacks

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The new Bitcoin Cash SV (BSV), which recently emerged as a result of the hardfork of Bitcoin Cash crypto coin, is currently vulnerable to the so-called “double spending” attacks.



In the December 8th video, a Vimeo user named Reizu showed that he could use the BSV network and spend coins twice in “zero confirmation transactions”.



User spends BSV twice



Video on Vimeo shows a significant lack of a new function in BSV - a “transaction with zero confirmation”, which allows you to make transactions almost instantly. In the video, Reizu repeatedly confirms that it can use the BSV network for double spend transactions through the “0-confirmation transaction” function.



Craig Wright, a BSV supporter, said that only miners can do what Re ...
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It turns out that only traders are waiting Bitcoin-ETF

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Although many traders are looking forward to the emergence of ETFs on Bitcoins, some supporters of cryptocurrencies are, at best, indifferent to the prospect of such a tool. The representative of the first group of unconditional Bitcoin-ETF enthusiasts is, for example, entrepreneur Jonathan Hamel, who talks about how approval of Bitcoin-ETF will lead to an “epic” inflow of institutional capital into the ecosystem — that is, the flow of “billions” dollars in the form of new investments.



But if you talk with some of the first users of cryptocurrency and the "veterans" of the blockchain technology, you can hear notes of indifference, and even skepticism.



So, the founder of the American company Bitcoin Advisory, Pierre Rochard, notes:
...
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Cryptocurrency prices analysis and forecast – 12 December 2018

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BTC/USD



BTC/USD is being traded at $3,427 in the correction. For the last trading day, the technical pattern of the coin has not changed at all. Therefore, today let us summarize the analytical results for the mining industry. Since the beginning of November, the price of Bitcoin has decreased by about 45%. The network"s hashrate lost about 31% during this period. This figure is identical to approximately 1.3M disabled mining devices. This trend has led to a significant reduction in the complexity of Bitcoin mining. For the first time since October 2011, as of December 3 of the current year, the complexity of mining collapsed by 15.13%. All this, together with the general collapse in prices, are an indicator of the critical state of ...
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CEO of DCG assured investors of the reliability of Dash

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Ryan Taylor said that despite the fall in the cryptocurrency market, his team has sufficient funds to support the solvency of the Dash coin.



Thus, the businessman denied rumors about his company"s intention to stop financing Dash projects and fulfilling obligations to the digital asset holders.



A statement from Taylor, published on the Dash Core Group blog, states:



In short, DCG is not at risk of shutting down anytime soon, or of any significant cuts in staffing levels in the near term. We have a significant buffer in place to withstand the impact of the market bottom, whenever that comes. 



According to Taylor, the crypto market was under strong pressure after hardfork in the Bitcoin Cash network, as a result of which ...
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South Korean bank introduces blockchain to get rid of "human error"

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The second largest commercial bank in South Korea, Shinhan Bank, has launched a project to introduce the blockchain into its internal processes in order to reduce the human factor leading to errors. The English edition of The Korea Times reported this on December 10.



Over the past eighteen months, the bank has sought to integrate both the blockchain and cryptocurrencies and recently a special staff training program aimed at expanding knowledge of the blockchain for various applications has been completed.



According to The Korea Times, on November 30, for the first time in South Korea, the bank introduced transactions on interest rate swaps using the blockchain.



Now, operations such as maintaining financial statements of the bank ...
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Cryptocurrency prices analysis and forecast – 11 December 2018

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BTC/USD



BTC/USD is being traded at $3,532 in the correction. The $3,800 area became an obstacle to corrective growth. For the past trading day, the price could not overcome this mark. The potential of the current correctional growth has not yet been exhausted. The upper bound for the current correction of $3,900 has not been tested. Therefore, continued growth can still take place. In any case, the current upward wave should be considered solely as a rebound after the previous decline. After some stabilization at current levels, a move to $3,000 looks very likely. The amplitude of the waves is too small to talk about the formation of a pivot point. Therefore, we are likely to see the testing of the $3,000 level, this year or the next ...
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