🗞 Daily Crypto News, November 11th 💰

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Third Ethereum Classic Price Pump Pushes ETC Value to $17.35
No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath
Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency
Cryptocurrency Mining Sales Cool in Q3, Says Nvidia
Bitcoin Reaches End of An Era: Expert Blog
STEEM Trading Update by @cryptopassion

🗞 Third Ethereum Classic Price Pump Pushes ETC Value to $17.35

It is evident there are multiple altcoins which are clearly getting pumped right now. There is no real reason for a currency such as Ethereum Classic to go up in value by 15% over the past 24 hours. For some reason, that is exactly what happened, pushing the Ethereum Classic price back to $17.38. An interesting development, as this sudden spike in trading volume shows how the markets are being manipulated as we speak.

🗞 No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath

Market observers expected hot money to flow from Bitcoin to altcoins after the Segwit2x hardfork was cancelled. Instead, the entire altcoin market seems to have crashed along with Bitcoin, while Bitcoin Cash surges by 55% to reach $992.

🗞 Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency

By whatever metric you care to measure it, 2017 has been a record-breaking year for bitcoin. From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again.

🗞 Cryptocurrency Mining Sales Cool in Q3, Says Nvidia

Chip maker Nvidia said this week that it will remain "nimble" in its approach to cryptocurrencies, even as it reports a quarter-over-quarter decline in revenue for related products.
The company released its third-quarter results on Nov. 9. Among the notable data points, per Bloomberg: revenue for cryptocurrency mining-related products came in at $70 million, a decline from $150 million during the second quarter.
"For some time, we’re going to see that crypto will be a small, but not zero, part of our business."

🗞 Bitcoin Gold Sets Sunday Date for Cryptocurrency Release

Bitcoin gold is set to go live this weekend.

In a new blog post, the developers behind the fork of the bitcoin blockchain said that they would release a formal software client for download at 7:00 PM UTC on Nov. 12. Originally set for a public launch on Nov. 1, the project is backed by LightningASIC, a seller of mining hardware based in Hong Kong, as well as a community of relatively unknown developers.

🗞 Bitcoin Reaches End of An Era: Expert Blog

Calling off 2MB blocks marks the end of a 3-year effort between different political groups inside Bitcoin trying to come to a compromise. Core developers may feel like they have won the battle, but a silent majority will leave quietly, selling their coins and driving down price over time.

At the same time, it marks the beginning of a new age in human history. One where individuals have a freedom of choice, and a freedom of exit.

STEEM Update by @cryptopassion

Most of the Steem users were happy some days ago but it has been short :

We reached the middle of the triangle but when the Bitcoin started to correct, we started to correct with it and we are now back on the support line. Again there is nothing dramatic but yeah all the work has to be done again.

I keep my prediction to have soon a again a movement to go test the resistance line of the triangle. We are arriving slowly to the end of the triangle so a break out in one of the direction will happen soon. Stay again patient my friends.

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