Funakoshi’s Equihash 144,5 CUDA miner is arguably the fastest Equihash 144,5 Nvidia GPU miner available at the moment for both Linux and Windows users with the software constantly being developed and improved as you can see from the short timespan between the new version updates. The latest version 4.10 once again bumps up the hashrate you get mining Equihash 144,5 crypto coins such as Bitcoin Gold (BTG) that uses that particular variation of Equihash. This miner does not seem to be getting that much attention like other Equihash GPU miners, but that doesn’t mean that it does not outperform them, it is just that the software is focused on a single algorithm only while other alternatives usually support multiple algorithms. Funakoshi’s miner is a closed source one and comes as pre-compiled binaries for Windows and Linux with a built-in developer fee of 1.5%.
Archives for September 27, 2018
New update to version 0.6.10 for the T-Rex Nvidia GPU miner that brings extra performance for a number of supported algorithms, along with some new features, bug fixes and even some useful cosmetic changes. The new T-Rex 0.6.10 should get you an extra 1-2% hashrate increase in X16r, X16s, X17, C11, Bitcore, BCD and Sonoa algorithms over the previously released version T-Rex 0.6.6. Among the new interesting features is the added functionality for setting failover pools in the command line by just adding extra pool parameters like with a single pool, the other useful thing to note is the miner uptime getting displayed now as a part of the stats reported by the miner. Of course there are a number of other new features that might be useful for some people, so do check the miner help when you download it. Do note that the T-Rex is a closed source miner with 1% development fee built-in. Also make sure you have a recent video driver installed as the binaries for both Linux and Windows are compiled for CUDA 9.1/9.2.
Over 50 representatives from the crypto, Wall Street and venture capital firms traveled to Washington DC on Tuesday with a clear message for the US Congress: regulate or watch the innovation leave the country.
The US Will Be Left Behind
The message came clear during the “Legislating Certainty for Cryptocurrencies” event hosted by Rep. Warren Davidson, as the Ohio Republican prepares to introduce a crypto bill this fall. Over the course of the meet, experts from Nasdaq, Andreessen Horowitz, Fidelity, Coinbase, and the US Chamber of Commerce exhibited their dissatisfaction with the ways US regulators have handled crypto regulations so far.
The US Securities and Exchange Commission, in the absence of a concrete definition for cryptocurrencies, uses “Howey Test” to define them as securities. The test comes from a 1946 Supreme Court decision which interprets investment contracts as securities. Crypto experts, however, believe that the law is too old to determine whether cryptocurrencies are securities or not. SEC Chairman Jay Clanton does not agree with the idea of updating old laws to cater to cryptocurrencies. Thus, the uncertainty remains.
Carla Carriveau, a former SEC executive, now working as senior regulatory counsel at crypto finance firm Circle, said that only the US Congress could make a real impact by initiating moves to change old standards. Then, it would be simpler for SEC to clarify existing laws and make exemptions or amendments for cryptocurrencies.
“Congress has to act because the SEC has said what they thought was right, and already what did what they thought they needed to do,” she asserted.
Muke Lempres, the chief of legal at one of the world’s leading crypto exchanges Coinbase, too maintained that digital currency firms like theirs want the same thing as regulators do: a fair and orderly market. “It doesn’t have to be done in the same way it was done in the past, and we need to be open to that,” he said.
Panelists also discussed how ICOs, especially the genuine ones, are finding it difficult to prove their compliance with the SEC since they offer “utility tokens.” They explained that utility tokens have a completely different use case as that of the security assets; which is why it would be reasonable for CFTC to regulate them not the SEC.
Otherwise, these companies would fly to crypto-friendly countries, costing the US talent and innovation both. The industry has already witnessed a mass exodus of companies from New York after the introduction of BitLicense, the local Bitcoin law.
“Foreign companies are able to outraise their US competitors and often whoever raises the most money is who wins,” reminded Jesse Powell, the CEO of the crypto exchange Kraken, to the US lawmakers.
Rep. Tom Emmer, Republican, Minnesota, who was also among the panelists, recognized that there is no time left to waste. Rep. Darren Soto, Democrat, Florida, agreed with his colleague and said:
“There needs to be some streamlining based on the definitions of digital assets.”
Image from Shutterstock
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Professional services firm Marsh is launching a commercial insurance verification program on a blockchain in partnership with IBM.
- Ripple price struggled to move above the $0.5700-0.5750 resistance area against the US dollar.
- There is a major bearish trend line formed with resistance at $0.5700 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could find a strong buying interest near the $0.5080 and $0.4920 levels in the near term.
Ripple price remains supported on dips against the US Dollar and Bitcoin. XRP/USD could test $0.5000 and $0.4920 where buyers are likely to emerge.
Ripple Price Analysis
There was an upward move from the $0.4360 swing low in Ripple price against the US Dollar. The XRP/USD pair cleared the $0.4500 support area and settled below the 100 hourly simple moving average. The decline was such that the price tested the $0.4350 level. A low was formed at $0.4365 and the price corrected higher. It bounced back above the $0.5000 level.
However, the upside move was capped by the $0.5700-0.5750 zone. There is also a major bearish trend line formed with resistance at $0.5700 on the hourly chart of the XRP/USD pair. The pair is currently correcting lower below the $0.5400 level. It has breached the 23.6% fib retracement level of the last wave from the $0.4352 low to $0.5742 high. On the downside, there is a decent support formed near the $0.5040 level. It coincides with the 50% fib retracement level of the last wave from the $0.4352 low to $0.5742 high. On the upside, a break above the $0.5450 level may call for a test of the $0.5750 resistance.
Looking at the chart, ripple price is placed in a bullish zone above the $0.5040 level. It could continue to move higher towards $0.5750, above which the next target for buyers may be $0.5900.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is slowly moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently around the 50 level.
Major Support Level – $0.5040
Major Resistance Level – $0.5400
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Scott Nations, the president and chief investment officer of NationsShares, a division of Fortress Trading, shorted Bitcoin through the Cboe futures market live on CNBC on September 26. Since then, the price of Bitcoin has slightly increased to $6,500. “I want to be a seller of the October contract. The Cboe Bitcoin futures, that is
The post This Trader Shorted Bitcoin to $5,950 on CNBC, Bitcoin Price Now at $6,500 appeared first on CCN
Markets have regained a little today, Bitcoin Cash is pumping, HyperCash is dumping.
A couple of days of bearish pressure has relented and crypto markets are heading back upwards during Asian trading today. There has been a 5 billion dollar bounce led largely by altcoins as markets head back over $215 billion once again.
Bitcoin has inched up a little on the day to trade half a percent higher at $6,480. However, BTC dominance has dropped back to just over 52% spelling a better day for altcoins. Ethereum has clawed back 1.3% to $216 however real recovery seems a long way off and XRP is still snapping at its heels for second place.
The top ten is all green according to Coinmarketcap with Bitcoin Cash pumping 19% to $525 at the time of writing. The big spike came yesterday when BCH jumped from $445 to $540 in about an hour. The Bitmain IPO has been cited as the determining factor in the current performance of Bitcoin Cash. Trade volume has jumped to over $1 billion and market cap is now over $9 billion.
EOS is also doing well at the moment with a 4% climb to $5.60 while the rest of the top ten are just a percent or two up on yesterday’s prices. Further down the list the picture is similar with Zcash making 2% and the rest are pretty static. Tezos and Dash have actually fallen back a little, losing 1.5% on the day.
While Bitcoin Cash is having a big surge it is not the top performer in the top one hundred. That accolade goes to Eternal Token which is up 40% right now. Electroneum is also having a good day with a 20% pump and Steem and Chainlink are both up 6-7 percent on the day. At the red end of the table is HyperCash dumping 20% from yesterday’s spike. Metaverse ETP has also lost 8% on the day.
Total crypto market capitalization has regained almost 2% on the day to just below $215 billion. Over the past seven days markets have gained 7.5% from $200 billion this time last Thursday however they are still very low and no real upward momentum has been seen yet. The 3-4 day rise followed by the one day dump has been cycling now for the past two months and markets are struggling to drag themselves off the bottom.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Trading Update: Bitcoin Cash (BCH) Buoying Up Crypto Markets appeared first on NewsBTC.
- ETH price is slowly recovering, but there are many hurdles on the upside near $224-225 against the US Dollar.
- There is a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must stay above the $213 and $210 levels to recover further towards the $224 level.
Ethereum price is struggling to gain traction against the US Dollar and bitcoin. ETH/USD is likely to face a strong selling interest near the $224 level.
Ethereum Price Analysis
Recently, we saw a decent buying interest near the $204 level in ETH price against the US Dollar. The ETH/USD pair started an upward recovery and moved above the $210 level. There was also a break above the 23.6% Fib retracement level of the recent slide from the $245 high to $204 swing low. However, the upside move was capped by the $222-224 zone and the 100 hourly simple moving average.
The price is currently under pressure below $224 and the 100 hourly SMA, and is testing the previous resistance at $213. There is also a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD. As long as the pair is above the channel support, there could be more gains above the $220 level. However, the $224 level is a significant resistance. It coincides with the 50% Fib retracement level of the recent slide from the $245 high to $204 swing low. Above the $224 level, there is a bearish trend line in place with resistance at $232 on the same chart.
Looking at the chart, ETH price is clearly struggling to gain bullish momentum above $220 and 100 SMA. On the downside, a break below the channel support may push the price towards $204.
Hourly MACD – The MACD is slightly placed in the bearish zone.
Hourly RSI – The RSI is currently positioned with a flat structure above the 50 level.
Major Support Level – $213
Major Resistance Level – $224
The post Ethereum Price Analysis: ETH/USD’s Recovery Won’t Be Easy appeared first on NewsBTC.
A Swiss crypto startup launched by several former UBS bankers has raised $104 million in a bid to establish a regulated cryptocurrency bank.