October 6, 2019

Bears Watch the $7,120 Support as Bitcoin Price Wavers

Bitcoin struggles to stay above support levels, as indicators continue to point to a bear market
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UAE’s Social Ministry to Grant $16K in Blockchain Contest

The UAE Ministry of Community Development announced a new competition for building blockchain apps for the social sector. The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector. Driving blockchain for awareness and social care The MOCD announced its “Social Blockathon” competition with a...
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Crypto Outpaces Political Donation Laws in Japan

A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly to a politician or political campaign, crypto donations still fly...
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ICOs Sales Have Put A Huge Selling Pressure on ETH

ETH stalls below the $180 price point reaching a small decline of about 1 percent over the past 24 hours and going to a price to $177. In today’s ethereum news, we can see that the cryptocurrency struggled to break above $187.84 which caused the market to fall. Despite the recent price drop, Ethereum started...
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Coinbase Increases Fees For Retail Traders, The Community Is Furious

The US retail giant Walmart is in the blockchain news today for an innovation that allows it to track its shrimp supply chain. We are obviously talking about blockchain, which is the technology that enables Walmart and IBM to track the shrimps and how they are processed to select locations. As reports in the Indian...
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‘Bitcoin and Ethereum can be dethroned only if it fully fails’, says Andreas Antonopoulos

Bitcoin evangelist Andreas Antonopoulos, in one of his talks, addressed how people are in search of investing in something that might be the next Bitcoin. He detailed how several “shit coins” come along and see themselves as the next Bitcoin. Certain characteristics including, better scalability or ease of use might be beneficial for the coin. ...
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Bitcoin, Altcoin Prices Slip Downward While XRP Stays Stable

Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on the day. Bitcoin 7-day...
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One Niche Technical Indicator Claims now is the Time to buy Bitcoin

Traders and enthusiasts are always looking for the best time to buy Bitcoin. Such periods materialize quite regularly, depending on one’s personal expectations. For those who keep an eye on technical indicators, it seems the time to buy Bitcoin may be nigh. Not everyone puts such stock in such indicators, though, for rather obvious reasons. ...
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Institutions Long on Bitcoin as Analysts Expect Upward Price Breakout

Despite the harrowing price drop seen in late September, institutions are expecting for the Bitcoin (BTC) price to soon head higher — at least for institutions involved in the Chicago Mercantile Exchange (CME) futures market.According to a recent Commitments of Traders report shared by Romano, traders that identify as either “asset managers” or “institutions” are...
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Will Facebook Remove End-to-end Encryption From its Messaging Apps?

The technology community is up in arms once again. The US government has tried to get rid of end-to-end encryption in numerous ways. Its latest effort comes in the form of putting pressure on Facebook to make this decision. Their aim is to “protect consumers, primarily those underage and vulnerable”, although most people on this...
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Iran Is Sending Mixed Signals On Cryptocurrency Legalization

Global leaders are beginning to accept the fact that cryptocurrency represents a significant threat to the economic status quo. Responses have been mixed, with many nations sending confusing signals over crypto legality and regulation. Iran is one of these states, as it has recently taken moves both hostile and supportive of blockchain asset development.  It...
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ICO’s Ethereum Sales May Have Intensified Sell Pressure on ETH

Ethereum’s price action has been closely tracking that of Bitcoin and the aggregated crypto markets, but its recent downtrend may not have been simply the result of weak price action, as data suggests that ICOs have been selling a significant amount of their ETH in recent times.The treasury sale of ETH from ICOs could be...
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XRP Prepares for Big News as Ripple CEO Answers “Hard Questions” After a Stellar Week

This week has been an exciting one for Ripple and XRP as the company announced a number of partnerships and other developments. While Ripple (XRP) is currently trading at $0.25 cents with a market cap of $11.01 billion, many are eager to see what the coin has in store for it in quarter 4 of...
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Top-5 Crypto Performers: LINK, TRX, EOS, XRP, ADA

Fundstrat Global Advisors co-founder Tom Lee believes that Bitcoin does well when the S&P 500 market index moves up. Though Bitcoin might act as a macro hedge against global turmoil in some instances, it has largely performed negatively when the S&P 500 has dropped. It will be interesting to see how Bitcoin moves in the...
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Shemberg, FMC, CEAMSA, Danisco, Gelymar, Karagen Indonesia, CP Kelco, ISI, Cargill, TBK – PR Industry News

Report Carrageenan covers all aspects of the “Carrageenan Market“. It provides basic market terminology and advanced analytical information in an understandable way that can be interpreted not just by a specialist but also a layman. One of the most important descriptions in this report is full information on the major key players Shemberg, FMC, CEAMSA,...
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Bitcoin Price Near to Critical Support at $7,120; Must Hold to Avoid a New Bear Market

This week isn’t looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6.  This continued decline was anticipated in last week’s analysis, with fingers pointing to China’s week-long Golden Week as a possible catalyst for the reduced trading volume.  ...
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Altseason? Traders Expect Altcoin Breakouts Amid BTC Stagnation

Altseason? 2019 has undoubtedly been a year for Bitcoin so far. Altcoins, which were all the rage in 2017 and early-2018, have been wildly underperforming the market leader, with some of these cryptocurrencies now trading at lower prices than where they started the year. But for some reason or another, traders and analysts have collectively...
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Bitcoin Cash Proponents Prepare for Forthcoming Upgrade Features

In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which will allow more complex mechanics to multi-signature transactions and all signature checking operations will support Schnorr signatures. Lastly, the upgrade will finalize the BIP62 malleability...
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Bitcoin is a cure to deflationary death spiral in the current market scenario claims Mark Yusko

According to many experts, the US economy could suffer another crack with the market indicators suggesting a potential recession at bay. Despite Federal Reserve Chairman, Jerome Powell asserting that US economy was in “a good place”, developments suggest the contrary. The most prominent ones being incessant trade and currency war with China, President Donald Trump,...
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Crypto News From Brazil: Sept. 30–Oct. 6 in Review

This week’s selected cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil
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Fiat-Backed Stablecoins ⁠— Attempt to Take the Best of Both Worlds

Fiat backed stablecoins are here to stay, but what makes them so stable and desires? Here are a few examples
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Nobody would go all-in immediately after hearing about Bitcoin, says CIO of Arca

Co-founder and chairman of United States-based asset management company, Blackstone Group, Stephen Schwarzman, in an interview revealed that he wasn’t a fan of Bitcoin. He asserted the same after detailing that anonymous transactions could pave the way for criminal behavior. However, he believed that blockchain is an interesting technology that would be beneficial in the...
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Bitcoin Breaks Below $8,000 and Nears Range Lows as Analysts Eye Further Losses

After experiencing a long period of sideways trading within the lower-$8,000 region, Bitcoin (BTC) has once again extended its downwards momentum and has begun moving lower today as it has broken below $8,000 on most major exchanges.This extension of its downwards momentum has led most analysts to target lower-lows in the near-term, but BTC does...
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Bank Raided, Arrests Made – RBI Still Restricts Withdrawals

The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops...
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Blockchain Buyouts: Five Crucial Crypto Acquisitions In 2019

Competition among blockchain companies is fierce. These five events represent some of 2019’s most important crypto acquisitions. If you’ve been watching the crypto world, you’ve undoubtedly taken note of the industry’s biggest names: Coinbase, Binance, and ConsenSys, to name a few. These companies have substantial wealth, which allows them to perform high-profile crypto acquisitions. By...
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Cardano (ADA) Shows 2% Surge Since Yesterday

Currently, the ADA coin is trading at $0.03985 and has not shown much growth in the last 30-days when the highest recorded price of Cardano was $0.05492. ADA can yield good profits in the long-run, once it moves past its crucial resistance level $0.041 and this may start happening from upcoming weeks. Cardano Price Analysis...
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Ethereum in bearish realm despite formation of falling wedge pattern

Last week, the price of several cryptocurrencies was seen plummeting by over 10% following the carnage in the crypto market. Various altcoins were heading towards yearly lows, one of which was Ethereum. The second-largest coin by market cap ETH recorded a yearly low of $165.41. However, the altcoin was headed toward a path of recovery...
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PayPal Ditches Libra, Crypto Stagnant, Mark Cuban Hates BTC: Hodler’s Digest, Sept. 30–Oct. 6

In this week’s Hodler’s Digest, PayPal pulls out of Libra, crypto markets struggle to recover, and Mark Cuban really doesn’t like Bitcoin
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Liechtenstein Adopts Token Act to Attract Crypto Business

One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government...
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Bitfinex Disagrees With The ‘Meritless And Mercenary’ Report

The US retail giant Walmart is in the blockchain news today for an innovation that allows it to track its shrimp supply chain. We are obviously talking about blockchain, which is the technology that enables Walmart and IBM to track the shrimps and how they are processed to select locations. As reports in the Indian...
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