October 20, 2019

Institutional Longs on Bitcoin Price Grow as Bear Momentum Wanes

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.Industry analytics provider Skew recently observed that long positions held by institutional accounts — pension funds, endowments, insurance companies, mutual funds...
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Bitcoin allows people to transact without involving a ‘fractional reserve system’

The Banking crisis of 2008 was one of the key elements that fueled the invention of Bitcoin. The advent of Bitcoin exposed some of the pivotal flaws of the centralized banking systems which were largely ignored as there were no alternatives. Central banks work on the principle of creating more debt to stimulate the economy,...
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Just 12 Cryptocurrencies Maintain a Market Valuation of Over $1bn

Despite some of the cryptocurrency markets showing signs of recovery, there are other trends well worth keeping an eye on. Over the past few months, it became apparent the US$1bn market cap club member size has declined significantly. Just 12 coins manage to reach this threshold, even though two of them risk falling out if...
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Earn More Interest on Your Crypto With These Comparison Tools

2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded for saving crypto? Also read: How...
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XRP Halts Historic Resistance Level As The Crypto Markets Weaken

Garlinghouse made interesting statements currently saying Ripple has $305 million in cash in banks and makes up to 30 deals per week and even gave his opinion on Facebook’s crypto project Libra. More of what he said, we find out in the XRP news today.The CEO of Ripple, the California-based blockchain startup that focuses on...
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Electroneum Startup Launches New Services In Turkey

In today’s blockchain news, we are focusing on the topic of blockchain scaling – and explaining what is vertical and horizontal scaling. We will cover a lot of the questions concerned with this topic and help you understand it thoroughly. What is vertical and horizontal blockchain scaling? In the blockchain scaling world, vertical blockchain scaling...
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Ripple Claims The Lack Of Regulation Can Start A Tech Exodus In USA

If you are among the people asking yourself “how Brexit will affect the fate of Bitcoin?” you are not the only one. With the latest Bitcoin news showing that a slight recovery for the most dominant cryptocurrency is underway, there is still a lot of scrutiny regarding BTC as a network and cryptocurrency – especially...
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Bitcoin Price Likely Bottomed at $7,700 , Will Resume Uptrend: Indicators

Since Bitcoin’s bulls were sidelined in late-June, cryptocurrency investors have been wondering at which point will the pain stop, at which point will BTC resume its uptrend to potentially new all-time highs.For months, nobody had an answer. Bitcoin fell through $13,000, then $10,000, then $8,000 most recently. And still, some are calling for another 25%...
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is Turkey the Next Frontier for Cryptocurrency Exchanges?

Turkey is making a lot of media headlines for a wide variety of reasons. Political turmoil in the country has caused the Turkish Lira to decline in value at a rapid pace. Despite this seemingly unappealing market, Huobi is looking to introduce a Lira fiat gateway in the coming weeks.  Huobi Wants to Expand It...
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Bitcoin Sellers Get Aggressive, The Price Could Drop To $7,000

The BTC price corrected higher yesterday but still faces hurdles near the $8,000 mark and $8,100 region against the US dollar. As the latest crypto news show, Bitcoin accelerates the losses below $8,000 and it could soon gain momentum below this support line. The major bearish trend is all around, helping the trend line form...
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Blockchain Master’s Degree Now Available In Schools In Malta

In today’s blockchain news, we are focusing on the topic of blockchain scaling – and explaining what is vertical and horizontal scaling. We will cover a lot of the questions concerned with this topic and help you understand it thoroughly. What is vertical and horizontal blockchain scaling? In the blockchain scaling world, vertical blockchain scaling...
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Crypto-market ‘not mature enough’ for decentralized exchanges

eToro’s Yoni Assia believes that the market is not mature enough for Decentralized Exchanges [DEX]. The CEO and co-founder of eToro appeared in a podcast for Epicenter where he noted that decentralized exchanges have certain precursors to be a success and it was early for eToro to venture into it. Assia said: “So, I love...
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Bitcoin breaks downward monthly trend line, shows 4% gains in past 24 hours

On Sunday, Oct. 20, crypto analyst Alistair Milne shared a chart that shows Bitcoin breaking its monthly downward trend, finishing its weekly close up 4 percent in the past 24 hours. Over the past month, Bitcoin is down 18 percent from its Sept. high of $10,182. Source: Alistair Milne Since the July 2019 high, the...
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BIS Report: Bitcoin Has Failed To Prove It’s A Store Of Value

An announcement on October 18 shows that the major Bittrex exchange is shutting down and withdrawing services from 31 countries by the end of this month. The cryptocurrency exchange announced that its Europe-based international trading platform is in a weak position – and cited regulatory uncertainty as the main reason behind the move.However, it still...
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California Man Losses $1.8M In Crypto From AT&T Accounts-Files Lawsuit

An announcement on October 18 shows that the major Bittrex exchange is shutting down and withdrawing services from 31 countries by the end of this month. The cryptocurrency exchange announced that its Europe-based international trading platform is in a weak position – and cited regulatory uncertainty as the main reason behind the move.However, it still...
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XRP Rally Pauses at Historic Resistance Level as Crypto Markets Falter

XRP has been one of the best performing cryptocurrencies in recent times despite its lackluster price action throughout the first half of the year, and its recent series of surges have brought its price to just below its historical resistance level around $0.30.It is important to note that XRP has lost some of its momentum...
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HTC Launches First Phone That Runs A Full BTC Node-Exodus 1S

In today’s blockchain news, we are focusing on the topic of blockchain scaling – and explaining what is vertical and horizontal scaling. We will cover a lot of the questions concerned with this topic and help you understand it thoroughly. What is vertical and horizontal blockchain scaling? In the blockchain scaling world, vertical blockchain scaling...
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Bitcoin Price Hits $8,150 in 3.5% Bounce; Can Bulls Push BTC Higher?

Bulls are finally back. After a few days of bearish price action, Bitcoin (BTC) has bounced higher, rallying from Saturday’s $7,900 daily lows to $8,175 as of the time of writing this piece. That move represents a 3.5% gain.Altcoins have followed suit, with a majority of large caps like Ethereum and XRP also experiencing 2%...
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HTC Launches Exodus 1, ‘To Make The Leap To Bitcoin From Fiat’

The advent of Bitcoin is fueling the evolution of financial technologies, including telecommunications, and hardware with crypto-friendly features. The latest innovation, HTC’s cryptophone Exodus 1, will hit the market in December 2019. This device performs both as a smartphone as well as a Bitcoin cold wallet. Chen: “For the smartphone category to grow again, we...
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Are KYC and AML Rules Pushing The Crypto Industry In The Right Direction?

Know-Your-Customer and Anti-Money-Laundering processes are now mandatory requirements for much of the crypto industry, but are they necessary? The cryptocurrency industry has historically dealt with regulation reactively rather than proactively, with crypto exchanges and marketplaces often opting for the bare minimum when it comes to Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) implementation. While this approach has...
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Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show

Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for the traditional legal and financial systems. At times they may seem incompatible...
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Tron And Ethereum Casino Play Royal Secures Content Supplier Via Betsoft

The popular distributed naming system Ethereum Name Service (ENS) is in the crypto news today for announcing the launch of its multicoin support. Even 15 cryptocurrency wallets are planning to utilize this new feature.First unveiled in a Medium post published on October 17, the service will allow enthusiasts to use one ENS name for all...
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Litecoin’s falling wedge pattern calls for renewed optimism

Litecoin’s price has continued to suffer heavy downside pressure and failed to post necessary gains above the key $55-level. According to CoinMarketCap, the silver crypto was trading at a price of $53.56 after a minor surge of 0.16% over the past 24-hours, at press time. Falling Wedge Pattern depicted bullish prominence Source: LTC/USD on TradingView...
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Is decentralization the future of social media monetization?

Two weeks ago, it was announced that IOV Labs, the parent company of smart contract platform RSK, has acquired Latin American social media network, Taringa. With 30 million users, Taringa is the fourth largest social media operator in the region. In the press release accompanying the announcement, IOV Labs alludes to its ambition to introduce...
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Bitcoin Faces Potential Drop to $7,000 as Sellers Grow Aggressive

Bitcoin (BTC) has continued to trade sideways around $8,000 after recovering slightly from its recent drop to the upper-$7,000 region, but its bulls have failed to garner any notable upwards momentum following this slight recovery, which may spell trouble for its near-term price action.Analysts are now noting that Bitcoin’s “bedrock” support in the near-term currently...
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Sunday Digest: Bitcoin Price And The Week’s Top Stories

If you feel like your personal freedoms are being eroded by [insert your government here] becoming increasingly undemocratic in the name of ‘the public good’, then thank [insert your choice of deity here] that you don’t live in Eritrea… unless you do live in Eritrea. Either way, you can improve your monetary sovereignty at least, by investing...
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XRP transactions moved in batches of 40,000 XRP between Bitso, Bitstamp

Ripple’s Q3 report highlighted the active use of its On-Demand Liquidity platform through various established corridors. With prominent partnerships, these corridors saw transaction flooding in Q3 which marked a 75% increase. However, Alex Cobb, an XRP enthusiast noted a spike in the ODL transactions in batches of 40,000 XRP per transaction on 20 October. Cobb...
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Binance Exec: Bitcoin futures volume rose significantly in 2019, as it raises leverage to 125x

Speaking to CryptoSlate in an exclusive interview, Binance Futures Director Aaron Gong said that the Bitcoin futures volume in 2019 increased significantly, expressing confidence in the long term trend of the market. Earlier this week, on Oct. 18, Binance Futures increased the maximum leverage of BTC/USDT (Tether) to 125x, offering a leverage that is higher...
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Ethereum Name Service (ENS) Adds Multicoin Support To Wallets

The popular distributed naming system Ethereum Name Service (ENS) is in the crypto news today for announcing the launch of its multicoin support. Even 15 cryptocurrency wallets are planning to utilize this new feature. First unveiled in a Medium post published on October 17, the service will allow enthusiasts to use one ENS name for...
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Market Outlook: Crypto Prices Hold Steady but Face a Crucial Turning Point

After sitting around $257 billion, the cryptocurrency market lost $35 billion in less than 30 minutes on September 24. Since then, many digital assets have found new support, but bears have started to claw away at these areas. Most cryptocurrencies are testing their weekly support trendline that started gathering steam in May as the market...
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