🗞 Daily Crypto News, November 4th 💰

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Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.

Trust No One: Ethereum Smart Contract Security Is Advancing
China's Bitcoin Exchanges Are Shifting Business Models
Bitcoin Exchange Coinbase adds 100,000 users in 24 hrs, Shows Surging Interest in Crypto
Bitcoin Cash Price Drops Below $600 After Bullish Week
Blockchain Announces Service Plans for Segwit2x
BTCTrading Update by @cryptopassion

🗞 Trust No One: Ethereum Smart Contract Security Is Advancing

"Everyone here is a target for attack. Be paranoid."

That's how Ethereum Foundation security lead Martin Swende ended his deep-dive lecture on smart contract security at Devcon3 yesterday. At this point, he's witnessed his fair share of attacks on ethereum and wants the community to know what they're getting into.
RSK Labs chief scientist and cryptocurrency security consultant Sergio Demian Lerner told CoinDesk:
"The whole ecosystem is maturing in terms of security."

🗞 China's Bitcoin Exchanges Are Shifting Business Models

Some of China's top bitcoin exchanges are now shifting to the over-the-counter (OTC) market in the wake of a crackdown by regulators in the country.

In announcements made on Oct. 31, both OKEx and Huobi Pro said they will introduce peer-to-peer trading platforms that support fiat currency transactions, including the Chinese yuan, as an alternative for the country's domestic cryptocurrency investors.

Based in Hong Kong, the two exchanges had previously provided solely crypto-to-crypto trading since being founded by their respective parent exchanges, Beijing-headquartered OKCoin and Huobi. They will now pivot toward a combination of the existing structure and the direct, peer-to-peer model.

🗞 Bitcoin Exchange Coinbase adds 100,000 users in 24 hrs, Shows Surging Interest in Crypto

The announcement by CME that it plans to launch Bitcoin futures has resulted in a spike in interest across the world. Coinbase, the world's largest Bitcoin exchange, has added 100,000 new users in the 24 hours past the announcement.

🗞 Bitcoin Cash Price Drops Below $600 After Bullish Week

It appears the Bitcoin Cash party is over for the time being. Over the past week, we have seen this altcoin surge in value for no apparent reason. After peaking at nearly US$700, the correction is setting in as we speak. With a 6.29% loss over the past 24 hours, the Bitcoin Cash price has dropped to US$627. At this rate, it may return to sub-$600 levels pretty soon.

🗞 Blockchain Announces Service Plans for Segwit2x

One of the largest bitcoin wallet providers in the world, Blockchain, has announced its plans for the upcoming Segwit2x fork. After block 494784 takes place on the network, the firm has decided it will follow the chain with the most accumulated difficulty.

BTC Trading Update by @cryptopassion

As I explained you yesterday, a reversal is in progress on the BTC.
Here is the daily chart :

We have currently a DOJI on the daily chart, which is an indicator of indecision on the market and often an indicator for a change of direction.
Here is the 4 hours chart :

On the 4 hours chart, we can see that reversal already started. We should go touch the support line in orange or at least go next to it.

The important to don't break the up trending is that the correction doesn't break the orange line. If even it happens, we must really don't break the second support line in blue. If the blue line is broken, it could stop the UP trending that we made these last days.

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