Today in the crypto space, bitcoin revealed bullish sentiment, a security firm investigated the recent ethereum classic hack and Tron hired a former Securities and Exchange Commission (SEC) employee. Qtum also introduced atomic swaps and Bill Miller commented on Ripple.
Catch the details on today’s action:
Bullish Sentiment For Bitcoin Is At A 5-Month High
A CoinDesk report today showed positive chart sentiment regarding bitcoin. “The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex,” the media outlet noted.
CoinDesk also noted the presence of an inverse head and shoulders price chart formation, a bullish pattern possibly giving bitcoin bears a reason to question further downward prices.
Security Firm Asks Exchanges To Help It Find Ethereum Classic ‘Attacker’
SlowMist, a chinese security operation, recently released a Medium article which stated pertinent information regarding the recent ethereum classic (ETC) hack.
According to a CoinDesk report on the subject, SlowMist’s Medium post noted three specific wallet addresses and four transaction hashes responsible for the network reorganization hacks, leading to double spend activities.
SlowMist reportedly is still on the hunt to find locations associated with the mentioned addresses. The ethereum classic team is currently working with SlowMist to further investigate the situation.
Crypto Platform Tron Hires Former SEC Attorney As First Chief Of Compliance
According to a press release today, CoinTelegraph reported Tron has picked up a new employee to head up the project’s compliance division.
A former U.S. Securities and Exchange Commission (SEC) supervisory attorney, David Labhart joined the Tron team under the job title of chief compliance officer and co-general counsel.
Decentralized Platform Qtum Introduces Bitcoin Atomic Swaps To Its Mainnet
Today, CoinTelegraph reported on a press release stating the initiation of bitcoin atomic swap functionality to Qtum’s blockchain.
Atomic swaps allow one crypto asset to be traded directly for another, without involving a cryptocurrency exchange or other platform.
“The implementation of Qtum-to-BTC atomic swaps has been achieved with the use of the Hash Time-Locked Contracts (HTLCs) technology and is based on the code of the open-source cryptocurrency Decred,” CoinTelegraph noted.
Hedge Fund Chairman Bill Miller Skeptical Of ‘Overdone’ Ripple
Via an interview with CNBC, long-time bitcoin advocate Bill Miller (Miller Value Partners chairman and CIO) revealed he has adjusted his fund’s crypto asset holdings.
“We’ve retained about a ten percent weighting in Bitcoin and Bitcoin Cash together, and the other 90 percent is now in a separate fund,” Miller said in the CNBC interview, as noted by Bitcoinist.
Miller’s fund first started accumulating bitcoin back in 2014. Over the years, the fund picked up their bitcoin at an average price of $350 per BTC.
Miller is unsure whether or not the fund will involve itself with other cryptocurrencies. He did, however, express skepticism toward Ripple and associated XRP.