Bitcoin News — volatility

Crypto Markets Placid on 10th Anniversary of Bitcoin Whitepaper

Posted by Marie Huillet on

On the 10th anniversary of the Bitcoin white paper, markets are seeing stability: Bitcoin is trading sideways and other major coins see gentle growth of below 2 percent.

Wednesday, Oct. 31: after a couple of days of mild losses, crypto markets have today stabilized, with most of the top twenty cryptocurrencies by market cap seeing slight fluctuations capped within a 2 percent range.

Market visualization by Coin360

On the 10th anniversary of the publication of its white paper on Oct. 31, 2008, Bitcoin (BTC) is today up under one percent, trading just above $6,300 at press time. Before sustaining mild losses Oct. 29-31, Bitcoin had been trading within a tightly range bound between $6,400-$6,500, prompting multiple crypto sphere commentators to remark on its new quasi stablecoin-like trading patterns.

Earlier this month, the top coin sealed a 17-month low volatility rate, recording its highest level of stability since mid-2017: the trend continued before this week’s minor stirrings.

Bitcoin’s first ever recorded trading price was March 17, 2010, on the now-defunct platform bitcoinmarket.com, at a value of $0.003: the crypto has sealed 209,999,900 percent growth since then to press time.

On the week, Bitcoin is around 1.8 percent in the red, with monthly losses at around 4.65 percent.

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is also up just slightly, seeing 1.4 percent growth on the day to trade at $196, having correlated closely with Bitcoin’s trading patterns throughout the week. Until Oct. 29, the leading altcoin was holding close to the $200-$210 mark, before dropping to $192, then trading sideways at a lower price point this week.

On its weekly chart, Ethereum is around 2 percent in the red; monthly losses are at a stark 15 percent.

Ethereum 7-day price chart. Source: Cointelegraph Ethereum Price Index

The coin’s price remains in the lower ranger after dropping Monday, despite big headlines for the Ethereum network since. On Oct. 30, “Big Four” auditor Ernst and Young launched the prototype of an enterprise-focused system that enables secure and private transactions to take place on the Ethereum public blockchain, using zero-knowledge proof (ZKP) technology.

During the Ethereum’s annual Devcon conference today, the co-author of the ERC-20 token standard introduced a new model for Initial Coin Offerings (ICO), dubbed a “reversible ICO” (RICO). The new fundraising model allows investors to return their tokens – and be reimbursed – at any stage of the project, via a special-purpose smart contract.

The remaining top ten coins on CoinMarketCap are mostly just inching into green, with the strongest growth sealed by anonymity-oriented alt Monero (XMR), up 2.42 percent to trade at $104.15. Stellar (XLM), down just 0.65 percent at $0.222, has been the hardest hit of any top-ten coin.

In the context of the top twenty coins, volatiltiy is also low, with coins seeing a mix of red and green, almost all bound under 2 percent. VeChain (VEC), ranked 20th, is seeing the most change over the past 24 hours, up 2.6 percent. With markedly little price momentum all round, 19th largest crypto Zcash (ZEC) has seen the largest losses on the day to press time, down 1.49 percent.

Total market capitalization of all cryptocurrencies is around $203.3 billion as of press time, down from around $210 billion – a mark it held for about two weeks prior – since the markets tipped downwards Oct. 29.

7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap

In other major crypto news today, the chairman of South Korea's Financial Services Commission (FSC) has affirmed that crypto exchanges should face no issues with banks issuing them so-called virtual accounts, as long as their anti-money-laundering (AML) know-your-customer (KYC) measures are adequate.

In the U.S., the president of major cryptocurrency exchange and wallet provider Coinbase has denied recent IPO rumors and indicated that the platform aims to support around 200-300 coins within the “next year or so,” though more likely to customers outside of the country.

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Is Mining Too Complex and Scary? Here’s How to Do It With One-Click

Posted by Connor Blenkinsop on

A “game changing” product makes mining of crypto just one click away. A platform with 190,000 users allows miners to generate income from their spare computing power.

Unless you’re a hardcore crypto enthusiast with intense technical knowledge, it is highly unlikely that you’d know where to start when it comes to mining.

The team behind WinMiner, with a history of over 1 billion installs, is vowing to change all of this. CEO and co-founder Ariel Yarnitsky, the former general manager of the pioneering instant messenger ICQ, and co-founder Idan Feigenbaum, creator of one of the most popular download managers, Download Accelerator, are leading this initiative.

They say their “game changing” product easily enables anyone with a computer to turn spare power into an income and that over 190,000 users around the world are already doing that.

WinMiner says that it is no surprise that mining has been an “off-limits activity” for most. The WinMiner white paper states that “understanding the crypto coins concepts, how to mine and trade them, as well as how to safely keep them is too techy, complex, and even scary.”

It has devised a one-click platform which allows users to mine the most profitable coin  at any time (from a list of over 40 coins) “with no need for any prior knowledge of the crypto space.” WinMiner believes this will be the catalyst for successful adoption by a wide audience.

According to the company, what sets WinMiner apart from most token sale projects is that it is a live and working product with many users, its ease of use, the wide selection of payouts, and the smart optimized multi coin mining algorithm. WinMiner says it signed a pilot agreement with a publicly traded security company, with hundreds of millions of active users to be the onboarding platform for its users into crypto.

The WinMiner token will be the first token sale on the AION network.

Simplicity and familiarity

The team behind WinMiner says that simplicity and familiarity are two key ingredients which are vital for its platform to gain mass appeal. This is why its software is easy to install and to use, ensuring that a beginner can quickly understand what their spare computing power does and achieves. Earnings are in US dollars and “thus do not fluctuate with volatile crypto price movements.”

Payouts are also designed to be straightforward. As well as being able to get paid via crypto or USD, users can receive their earnings in the form of Amazon, iTunes, and Steam gift cards. The minimum balance at which payouts begin is currently set at $5.

WinMiner argues that opening the door to greater numbers of miners will decentralize the mining of supported coins, making the blockchain networks of these coins more stable and secure.

The company believes it is in a position to welcome a wider audience, after enduring the highs and lows of a challenging year for the crypto world – overcoming “traitorous” market conditions, as well as growth and scaling issues to get where they are today.

An array of settings

Although WinMiner takes 1-click to operate, its founders packed into it a wide range of ways for users to customize their experience. By default, the software kicks in whenever a computer goes into idle mode – ensuring that the owners get their full computing resources when they need them. Other modes allow users to manually switch the program on and off when it suits them. An advanced farm mode is also provided for professional miners.

Additionally, users can decide whether they want to pick which coins are mined, or let WinMiner’s smart algorithm make this decision for them. A “switch coin criteria” feature enables users to determine the threshold for moving to a more profitable coin.

A presale for WinMiner tokens, which are the heart of WinMiner’s ecosystem, is taking place until Dec. 31, 2018. Bicameral Ventures fund was the first to contribute with a participation of $1 million. In the second phase, people will be able to participate in the token sale by using the platform – and putting their earnings from mining, into buying the WinMiner tokens with a 40 percent bonus. It is hoped that this will enable people to take part in the event without having to bring their own money into the equation. The third and final phase will be a public sale.

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Markets Roundup: Spot BTC Markets Shrug CME Settlement, Pantera CEO on Cyclical Sentiment

Posted by Samuel Haig on

In the cryptocurrency markets, the recent settlement of CME futures contracts appears to have exerted little impact on spot BTC prices, the CEO of Pantera Capital has shared his outlook on initial coin offerings, and October has proven to be the least volatile month of 2018, with only a single day producing a price swing […]

The post Markets Roundup: Spot BTC Markets Shrug CME Settlement, Pantera CEO on Cyclical Sentiment appeared first on Bitcoin News.

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Bitcoin Shows New Resilience as Markets Shake off Futures Settlement

Posted by William Suberg on

Calm continues to reign over cryptocurrency markets despite Bitcoin futures settlement deadlines coming and going.

Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27.

Coin360

Market visualization from Coin360

Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either Bitcoin (BTC) or altcoin prices.

The behavior marks a stark contrast from just several months ago, with impending futures previously sparking losses in the run-up to their settlement date.

On Friday, Cointelegraph had noted that Bitcoin volatility had hit an 18-month low amid mixed forecasts about the 2018 bear market ending in the short term.

At the same time, commentators have claimed that a surprise uptick could well hit the crypto-economy unannounced, independent of the impact of institutional investors entering the space, something expected in the first half of next year.

For the meantime, BTC/USD remains tightly rangebound, at press time trading at $6,482 and hardly moving over the past 24 hours.

BTC

Bitcoin seven day price chart. Source: CoinMarketCap

The story has broadly repeated across the top twenty altcoins by market cap, altcoin leader Ethereum (ETH) also seeing hardly any up or down activity since Friday.

Support at $200 has held, ETH/USD climbing ever so slightly to hit $204.36 at press time.

ETH

Ethereum seven day price chart. Source: CoinMarketCap

Elsewhere in the top twenty coins, Stellar (XLM) has seen above average movement, down 2.37 percent on the day to press time.

Another exception is 17th ranking coin NEM (XEM), which has seen 2.36 percent losses to trade at $0.09.  

The total market capitalization of all cryptocurrencies has seen almost no change over the past 24 hours, let alone the past week, stagnant at around $209 billion.

Global

Total market capitalization of all cryptos seven day price chart. Source: CoinMarketCap

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All Quiet on the Crypto Front as Bitcoin, Altcoins Shun Volatility

Posted by William Suberg on

Most top twenty cryptocurrency see less than 1 percent volatility in the past 24 hours, data confirms.

An eerie calm continues to linger over cryptocurrency markets Friday, Oct. 26, as Bitcoin (BTC) volatility hits an all-time low and altcoins remain stagnant.

Market visualization from Coin360

Market visualization from Coin360

Data from Cointelegraph’s price tracker and Coin360 paints an underwhelming picture for short-term speculators, but one that has delighted many analysts, who have begun hailing a new era of Bitcoin stability.

On Friday, Bloomberg joined the multiple cryptocurrency industry commentators to highlight Bitcoin’s lack of volatility, with October 2018 being the least volatile for eighteen months. Commentators claimed this was a sign the leading coin was nearing its bottom.

At the same time, one fund management head told the publication, the ongoing bear market should be “getting tired” and a bullish upturn was likely to form Bitcoin’s next move.

That sentiment was repeated by Fundstrat Global Advisors’ Tom Lee earlier this week in separate comments to Cointelegraph.

At press time, BTC/USD is up just a fraction of a percent over the past 24 hours to trade around $6,480. The pair has also remained uncannily stagnant since the end of last week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Among the altcoins, Ethereum (ETH) is also recording only a minute percent change over the past 24 hours to press time.

Attention had largely fallen away from the largest altcoin asset this week ahead of a planned hard fork in January which, as Cointelegraph reported, has faced various hurdles to its implementation. Constantinople, as it is known, was originally scheduled for next month.

ETH/USD is currently trading just under $203, just slightly down since the same time last week against a backdrop of around 8 percent monthly losses.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Across the top twenty altcoin assets, no anomalies to the sideways trading trend had appeared, with coins staying within a tiny 1 percent of their position 24 hours previously. The only exception is Zcash (ZEC), ranked 19th by market cap, which is seeing a little over 4 percent losses to trade at $121.22 by press time.

Total market capitalization of all cryptocurrencies remains just under $210 billion, a level it has been holding close to for the past week.

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