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EtherDelta Founder debited by the SEC for transactions in exchange of unregistered securities. Bitcoin Cash Fork arriving on November 15 will be ready while the BCH community drama continues. Vitalik Buterin states that the enhancement of Ethereum's 1000x capacity "Not so far". Winklevoss Twins Sue Charlie Shrem Over 5,000 "missing" Bitcoins. Sundar Pichai from Google says his eleven-year-old son is etereum miner. The basic attention token falls as the Coinbase token triggers a massive selloff
Among the important news this week, the United States Security and Trade Commission (SEC) has announced formal charges against EtherDelta founder Zachary Coburn for operating an unregistered national stock exchange. The SEC order explains that EtherDelta facilitates the trading of ERC20 tokens, many of which are considered titles. The accusation comes on the heels of the DAO 2017 report. This report outlines some types of digital assets that the SEC considers as titles, including DAO tokens. It is implied that at least some of the chits exchanged on EtherDelta fall into this category. Over the past 18 months, users of EtherDelta have made over 3.6 million exchanges, with many classified security titles.
Well, 15th is coming, as is the Bitcoin Cash Fork. Bitcoin Cash hard fork will mean two separate and independent BCH blockchains and two coins in the result. Bitcoin Cash is the result of a divided community on the increase in the size of the Bitcoin block (BTC). And now, Bitcoin Cash is trading the same waters. Twice a year, Bitcoin Cash suffers a difficult fork for updates to the protocol that goes unnoticed. However, this time the community has failed to reach a consensus and is divided over the future of Bitcoin Cash's blockchain. It seems a controversial and unreliable figure in the Bitcoin Cash community (BCH) Cobra Bitcoin could prove to be the saving grace for the future of the network, after a very controversial dispute between Bitcoin ABC and nChain threatens to split BCH into competing chains before a hard-planned fork.
Ethereum co-founder Vitalik Buterin used his speech at Devcon 4, the annual Ethereum developer conference, to present a roadmap for the evolution of the platform at Ethereum 2.0, which, among other things, will see the updated protocol to the model post demonstration. While the Ethereum community has delayed the timing of their critical launches, Vitalik has ensured that Ethereum 2.0, the Ethereum 1000x capacity upgrade, was "not far"
From this week's courtroom, the Winklevoss twins have filed a lawsuit against Bitcoin pioneer Charlie Shrem, claiming he has stolen 5,000 BTCs that he would have to acquire and retain for them. According to the lawsuit, the twins gave Shrem $ 1 million to invest in Bitcoin in 2012, which would have cost $ 5,000 BTC then, and about $ 32 million now.
This week, Sundar Pichai in his interview with the New York Times, Pichai revealed: "My son is 11 years old and is digging deep into Ethereum and earning money." Since Sundar Pichai, an Indian-American business man, became head of Google, the company has maintained a love-hate relationship with cryptocurrencies. Google had initially announced a ban on cryptocurrency ads in June 2018, however, the company partially removed the ban next month.
Among the Altcoin, after the massive bullish trends due to the announcement of the listing of Coinbase, the actual exchange of BAT has caused a negative effect. After the currency went live on Coinbase, it fell about 20 percent against the US dollar. What was important in this case is that the BAT selloff on Coinbase has shown the typical purchase of rumors and the trend of news in the cryptocurrency market.
Bitcoin (BTC)
The stability of Bitcoin continues this week and also this week rose 0.34%. The strength reported was still in the stable area. Prices hit the highest point of USD 6,552.16 and the lowest point of USD 663.62 during the week. The most active trades, in terms of volumes, with BTC on several pairs this week were, Bithumb (10.51%), Coinbit (9.23%), CoinBene (3.74%)
Among the prominent voices, Tim Draper, an investor of Venture Capital, reiterated his expectation that the price of Bitcoin (BTC) will reach $ 250,000 by 2022, during a round table discussion at the summit conference of the Web.
Ethereum (ETH)
Top-of-the-top prices this week were $ 221.65 and remained at lows of $ 206.57 while remaining close to the USD 200 support. The markets that were most active, in volumes, with ETH on several pairs this week were OEX (7.13%), BitForex (3.73%) and LBank (3.56%)
Among the news concerning Ethereum, Erik Voorhees, CEO of ShapeShift told in an interview with CNBC Crypto Trader, that Ethereum [ETH] it's better because Vitalik is involved
Ripple (XRP)
At the top, this week XRP prices were 0.560547 USD and down they traded 0.460769 USD. The most active trades, in volumes, with XRP on several pairs this week were ZB.COM (12.84%), Bitbank (11.07%) and ZBG (9.45%)
For XRP this week, Wietse Wind, the creator of cryptocurrency micropayments service, XRP Tip Bot is lining up to seek Amazon's approval to integrate the blockchain app with Alexa
The Other Movers and Shakers
The other coins that entered the top and bottom this week according to Coin Market Cap (accessible November 11 at 1:30 pm IST) were
Movers
- Pedity – Showing an increase of 442.05%
- Moneta Davinci – Up 243.12%
- CrypticCoin – Showing a 207.18% increase
Shakers
- VisionX – Showing a loss of 80.48%
- AirWire – 55.99% reduction
- Typerium: shows a decrease of 49.80%
What do you think the feeling of the cryptic markets would be like next week? Let us know your opinions on the same
Summary
Item name
Price analysis of cryptocurrency for the week from November 5th to November 11th
Description
EtherDelta Founder debited by the SEC for transactions in exchange of unregistered securities. Bitcoin Cash Fork arriving on November 15 will be ready while the BCH community drama continues. Vitalik Buterin states that the Ethereum 1000x capacity "Not So Far" is upgraded.
Author
Ashutosh Singh
Publisher name
Coingape
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