August 29, 2019

Bitcoin Price Update: Where do we go from here?

Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull...
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Bitcoin Price At $9,400 is a “Good Buying Opportunity”: Here’s Why

Bitcoin (BTC) has been absolutely hammered over the past two days. In fact, some 36 hours ago, it was trading at $10,200; now, the cryptocurrency is sitting snug at $9,500.Related Reading: Altcoin Market Is Failing to Produce Utility, Only Bitcoin Can Become MoneyThis dramatic sell-off, which comes after the cryptocurrency traded in the low-$10,000s for...
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UN Official: Crypto Makes Policing Child Trafficking ‘Exceptionally Difficult’

A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.” Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime, said that the anonymizing and pseudo-anonymizing attributes of cryptocurrencies provide a “new layer of secrecy...
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Analyst Sets $90 Ethereum Target as Altcoins Falter

Bitcoin’s recent downtrend has led many altcoins to plummet lower, with Ethereum (ETH) crashing a whopping 10% over the past 24-hours, a movement that has led it to break below a key support level.Because of ETH’s bearish price action as of late, some analysts are expecting it to drop significantly lower in the coming days...
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Crypto Education Sector Grows As Industry Gathers Momentum

This Thursday, many best cryptocurrency news sites are reporting about a new partnership in the crypto community. Ripple‘s blockchain solution was recently adopted by PNC Bank – which is the United States’ eight largest bank with $400 billion in assets. The news that PNC Bank has become the country’s first bank to start using RippleNet’s...
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Bitcoin used for purchase of illegal drugs as Chinese law enforcement tightens clampdown

According to local media news reports, police officers in the customs department of China’s northeastern province, Jilin, have recently stopped a cross-border deal involving drugs paid for by using Bitcoin. According to the customs officers, buying drugs with cryptocurrencies has become a new trend and poses many difficulties to Chinese law enforcement agencies. On 16...
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Crypto Lending Platforms Prepare to Assail the Banking System

The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come...
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Criminals Steal Over $4bn in Bitcoin During First Half of 2019

Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone.  Criminals...
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The Bitcoin Price Dump Is Not Even Close To Over: Report

The Bitcoin price (BTC) has surprised a lot of investors again, proving that its volatility is strong and that its trend is overwhelmingly bearish right now. The latest cryptocurrency news show that BTC is currently consolidating near the $9,500 support and is at risk of more losses. Since it broke the $9,760 support against the...
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3 Simple Reasons NOT to Buy the Bitcoin Dip

Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to...
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Why Tether Volume Surged to All-Time Highs in August

A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk. Traders generally work around such...
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Crypto Analyst: Bitcoin Indicator Resembles Mid-2016 Bullish Beginnings

Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap.The post appeared first on NewsBTC
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Bitcoin Price Analysis: Macro Support Gives Way Under Anemic Demand

[embedded content] Summary: A strong round of selling has the bitcoin market testing daily, weekly and monthly support for the fourth time in over two months. Currently the support in the $9,400s is holding, but should it give way, we can expect to see a test of $8,700 to $8,200 range. This zone represents an untested...
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Binance Research Reveals More Details About China’s Digital Currency

The motive behind the development of a central bank digital currency (CBDC) by the People’s Bank of China which is also known as the Central Bank of China, is currently under investigation by analysts from Binance Research. If the cryptocurrency is created, it will make China the first major country in the world to issue...
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Grayscale reports assets under management tripled in Q2; all ten products from company show positive growth

Grayscale Investments, a cryptocurrency asset manager reported its Assets under management [AUM] tripling from $926 million to a whopping $2.7 billion, in its Q2 report. Grayscale products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported 178.8% and 147.6%, respectively in returns, this quarter. Source: Grayscale Investments The company noted a strong quarter...
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Report: Cryptojacking Campaigns Up by 29%, Ransomware Attacks Up 118%

Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user...
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Tether’s Transactions On The BTC Blockchain Are Losing Ground

This Thursday, many best cryptocurrency news sites are reporting about a new partnership in the crypto community. Ripple‘s blockchain solution was recently adopted by PNC Bank – which is the United States’ eight largest bank with $400 billion in assets. The news that PNC Bank has become the country’s first bank to start using RippleNet’s...
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Ethereum Price Analysis: ETH Extends Price Drop, Breaches Key Support Level Near $170

Ethereum has recently traced a dip near $166, rebound on the way ETH has broken a few major support levels since yesterday including $180, $175 and recently $170 The short term SMA line has recently climbed above the long term SMA line, gives a positive sign Technical indicators paint a bullish picture, as the price...
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Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

Bitcoin’s price is trading around $9,500 and the crypto market is largely red
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UN Cyber Official Claims Crypto Makes It Hard To Fight Money Laundering

This Thursday, many best cryptocurrency news sites are reporting about a new partnership in the crypto community. Ripple‘s blockchain solution was recently adopted by PNC Bank – which is the United States’ eight largest bank with $400 billion in assets. The news that PNC Bank has become the country’s first bank to start using RippleNet’s...
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Bitcoin Bulls Remain Confident Despite Ongoing Crash

After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000.Some major Bitcoin bulls are still expressing confidence that...
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Ethereum Muscles Bitcoin Out of Tether Racket

The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in...
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PNC Completes First Cross-Border Payment via RippleNet 

PNC Financial Services Group, Inc, a Pittsburgh, Pennsylvania-based bank holding corporation has successfully processed its first cross-border payments for clients’ using Ripple’s blockchain solution, RippleNet, according to a Fintech Futures report on August 29, 2019. PNC Joins DLT Bandwagon Per sources close to the development, PNC Treasury Management has become the first U.S. bank to...
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Litecoin loses over 30% of its valuation after halving as hash rate drops by 33%

Litecoin’s hash rate continued to plummet as it entered the third week after its halving on August 5th. According to the popular cryptocurrency stats website, BitInfoCharts, Litecoin’s hash rate on 28th August was 331.4 TH/s, a decline of 33.3% from a hash rate of 458.3 TH/s on the day of halving. In the words of...
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Op Ed: Portugal Clarified Its Bitcoin Tax Code; Other Nations Should Take Note

Portugal is a standout in the EU for its less conventional, more progressive approaches to certain areas of public policy. It was the first (and still the only) country in the EU to decriminalize all drugs — a radical solution that has had the salutary effect of combating addiction and drug overdoses.  The Iberian country...
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Pantera CEO announces 4 new blockchain projects

Pantera CEO, Dan Morehead, highlighted 4 upcoming projects to research blockchain scalability and interoperability in their newsletter. They aim to spark further adoption and use-cases of blockchain technology. Progress in blockchain technology is often taken for granted, while developers work every day toward removing bottlenecks holding back mass adoption and scalability. Using decentralization against legacy...
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EOS, Etheruem, and Litecoin Lead Massive Bitcoin Dump

Yesterday’s crypto market carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it.The post appeared first on NewsBTC
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Amberdata Discovers ‘RPC Call’ Bug in Parity Ethereum Client

A code vulnerability that could have forced computer shutdowns was found on Tuesday in the second most popular ethereum client. Parity connects over 3,000 computer servers around the globe to the ethereum blockchain network. On Thursday, Parity Technologies, the startup responsible for building and maintaining the ethereum client, released updated code to fix the bug. Only...
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XRP/USD downside will remain risky if $0.28 is unconquered

The bear pressure continues to turn support levels in impenetrable fortresses. XRP/USD changing hands at $0.2520 following a 1.57% loss on the day. Ripple’s performance has not been impressive in the past couple of months. The bear pressure continues to turn support levels in impenetrable fortresses. The recent dive to levels close to $0.24 almost...
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China’s Digital Currency Will Be Two-Tiered, Replace Cash: Binance

A new research report from crypto exchange Binance says China’s digital currency will most likely be a two-tiered system replacing notes and coins in circulation. The report, issued yesterday, claims the People’s Bank of China (PBOC) central bank digital currency (CBDC) will be backed 1:1 by renminbi fiat as well as follow a two-tiered structured...
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