Bitcoin Cash Hard Fork Battle, Tom Lee Lowers End-Year Target Bitcoin Prediction to $15k and Other News

Top five stories from the last week


Don't Miss The Top Five Stories From The Last Week   Crypto Market Experienced a $27 Billion Wipeout What happened? The valuation of the crypto market fell from $210 billion to $183 billion, which is more than $27 billion on a single day, on November 15. Fueled by the 18 percent drop in the price of Bitcoin Cash (BCH), every major cryptocurrency in the global market started to record intense sell-offs What did experts says? Prominent investors including BKCM CEO Brian Kelly and Coinshares executive Meltem Demirors stated that the hash power "war" between Bitcoin Cash and Bitcoin SV acted as a major catalyst to the steep crypto market sell-off. Read more experts' opinions here Bitcoin Cash Hard Fork Battle What is this all about? The latest Bitcoin Cash (BCH) network update has resulted in a complex battle, and the blockchain has been split into two: Roger Ver's BCH ABC is in one corner, and Craig Wright's BCH SV is in the other Who Is Winning the Hash War? BCH ABC has accumulated more proof-of-work (PoW) than BCH SV by almost 50 percent, while their respective hashrates are almost identical at this point. Furthermore, over the next couple of days, over 10 major exchanges have assigned the "BCH" ticker to the BCH ABC rule set, thus seemingly appointing the winner in this complex fight. Read more here Swiss Crypto Firm X8 AG Receives Islamic Finance Certification for Sharia-Compliant Stablecoin What is this all about? Swiss-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin How would it work? According to the X8 director and co-founder, the ETH-based crypto asset is backed by a basket of eight fiat currencies and gold, allowing Islamic advisors' concerns over excessive volatility and speculation to be assuaged. Read more here U.S. SEC Opened Probe Into Erik Voorhees What happened? Crypto loan company, Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. SEC probe over its 2017 $50 million token sale Why did it happen? The probe concerns whether Salt's 2017 $50 million token sale constituted a noncompliant securities offering, as well as whether Voorhees was involved, which could break laws as he has effectively been prohibited from raising money in private markets after a SEC settlement in 2014. Details here       Fundstrat's Tom Lee Predicts Bitcoin Recovery, But Lowers End-Year Target to $15K What happened? Wall Street analyst and cryptocurrency bull Tom Lee has cut his end-year Bitcoin (BTC) price target nearly in half, from $25,000 to $15,000 Why did he change his mind? According to Lee, the key factor behind his new target is Bitcoin's "break-even point," or the level at which the cost to mine Bitcoin matches its trading price. According to Fundstrat's data, this point is at around $7,000. Read more here   Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. COINTELEGRAPH LIMITED · Shelton Street, Covent Garden · London