Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25. …

Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft

In the aftermath of the recent BitMEX data leak, lawyer and general counsel at decentralized finance startup Compound Finance Jake Chervinsky raised the question of whether exposing the public to data risks that Know Your Client (KYC) requirements entail is worth it. It is about time we reconsider KYC In a tweet posted on Nov. 1, Chervinsky calls KYC requirements “are a double-edged sword.” He explained that KYC helps law enforcement to track illegal transactions but also exposes the public to hacking, phishing and identity theft. In the end, Chervinsky…

Crypto News From Turkey: Oct. 24–Nov. 2

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Turkey, the Turkish edition of Cointelegraph launched, Binance CEO Changpeng Zhao announced that he will be visiting Turkey to speak at the Capital Market Summit in November, and a Turkish CEO is convinced that Bitcoin (BTC) ads during soccer games are the right tool to bring BTC to the masses. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Turkey. Cointelegraph opens new office in Istanbul, Turkey  On Oct. 24, Cointelegraph’s global…

Oct. 27 – Nov. 2 in Review

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany setting the pace in the European fintech scene, German banks arguing in favor of a digital euro, Austria testing how to trade electricity with blockchain technology, and the Swiss crypto trading platform Sibex securing a $1.8 million investment. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Austria: Pilot project tests local blockchain electricity trade  In a pilot project starting in November in…

Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash. With no big deal in four years, Buffett seems to be unfazed by the stock market rally. | Credit: AP/Nati Harnik Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large deals, primarily acquisitions, for Berkshire. However, with…

Bitcoin Price Breaks $9,300 as Alts See Moderate Gains

Saturday, Nov. 2 — most of the top 20 cryptocurrencies are reporting moderate gains on the day at press time, after Bitcoin (BTC) broke the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.06% on the day, trading at around $9,326 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 0.89%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin from…

CasperLabs Shows First ‘Provably Safe’ Ethereum PoS Protocol ‘Highway’

Ethereum development firm CasperLabs announced “Highway,” allegedly the first correct-by-construction Casper Proof of Stake (PoS) implementation that is provably live and safe. Provably safe and live According to a press release shared with Cointelegraph on Nov. 1, a protocol is safe if it is consistent in its decision and live if it guarantees a decision. CasperLabs claims that both those features are part of Highway and that their presence is provable. The firm also released a full research paper concerning the project. Casper is the name given to Ethereum’s PoS…

Josh Gordon Makes Seattle Seahawks Team to Beat in NFC

Josh Gordon did not have to wait long to find out where his next destination was, and he was likely very happy when he got the news. | Credit: AP/Paul Sancya We will likely never know just why the Patriots decided to part ways with Josh Gordon. Gordon fits into the plans of the Seattle Seahawks. Gordon is known for his ability to stretch defenses, which is something the Seahawks could use. When the news broke that the New England Patriots were letting Josh Gordon go, it was met with a…

China’s $3.6 Billion WTO Case Win Against the U.S. Is Nothing More Than a Sideshow

The World Trade Organization’s recent ruling in favor of China against the United States will barely make a ripple in the trade-war debate. | Image: REUTERS/Denis Balibouse/File Photo The World Trade Organization (WTO) allowed China to collect $3.6 billion in tariffs against the United States. The trade war has become so big that the retaliatory tariffs won’t add any layer of tension. The stock market is very likely to consider this development as noise. On Friday, the World Trade Organization (WTO) granted China permission to impose $3.6 billion in punitive…

What Gold’s Massive Rally Tells Us About the Stock Market

Gold is rallying in lockstep with the S&P 500, suggesting investors are still concerned about global macro risks. | Image: shutterstock.com Gold and stocks are rallying in lockstep with each other. Appetite for gold is driven by safe-haven demand despite surging stock prices. Analysts believe the gold bulls still have the upper hand in 2019. This week, the S&P 500 achieved a new all-time high following a positive jobs report. Yet, the gold price has approached levels unseen since 2013. Stock Market up BIG! Record highs for S&P 500 and…