October 28, 2019

Chinese Altcoins Retrace from Daily Highs as Hype Falters

Late last week the Chinese President offered widely publicized comments regarding his intentions to make China a global leader in blockchain technology, which was met with mixed reactions from investors, with some analysts noting that it was the catalyst behind the recent rallys incurred by Bitcoin and altcoins alike.These comments were particularly impactful to a...
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Litecoin Hashrate Decreases by Over 50% Since This Year’s Block Reward Halving

A lot of information can be garnered from looking at any cryptocurrency’s network hashrate. In the case of Bitcoin, the opinions regarding this matter have been well-documented over the past few years. Litecoin, on the other hand, has noted a very significant drop in mining power over the past few months. It appears the recent...
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ICE Will Start Testing Its Bitcoin Payment App With Starbucks

In the latest Bitcoin price news, we can jump back to the Bitcoin 4Chan Anon prophecy which was made a while ago, suggesting that the price of the leading cryptocurrency will jump to $16,000 at the end of this month of October.What’s interesting is the fact that we saw a major rally for Bitcoin this...
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Prominent Bitcoin Naysayer Refutes China Being Behind Recent BTC Rally

Peter Schiff has refuted the notion that the Chinese government endorsement of blockchain is behind Bitcoin’s recent price rally. The price of the leading digital asset surged on Friday to a high above $10,000 on some exchanges before returning to around $9,400 at the time of writing.Schiff instead claims that so-called whales (large holders of...
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After Breaking New Records Bakkt Announces Crypto Consumer App

Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments. Also read: Cred to Demo Global Merchant...
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Analyst: Bitcoin May Target $8,900 After Being Rejected at Key Resistance

Bitcoin has been incurring significant volatility over the past several days, which has mostly favored the cryptocurrency’s bulls as BTC has been able to run from lows of $7,300 to highs of $10,600 before settling in the middle of this wide trading range.Analysts are now noting that they believe Bitcoin will drop lower in the...
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China’s Blockchain, Tech Stocks Surge on Xi’s Comments

Chinese President Xi Jinping’s pro-blockchain comments were credited as the main reason behind the crypto market rally that has defied all expectations since last Friday. However, Xi’s remarks also benefited local tech firms. Shenzhen Tech Index Up to Highest Level in 8 Months On Monday, most of the tech companies traded in China, especially those...
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Cardano could plunge further down ascending parallel pattern

Cardano’s [ADA] price has suffered downside pressure since the last week of September, despite brief upward momentum following major upgrades in the Cardano ecosystem. The coin dropped to a low of $0.036, before its price revival to the upside. Despite the latest Bitcoin rally however, ADA failed to post significant gains as opposed to its...
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Coffee for Crypto? ICE to Launch Bitcoin Consumer App with Starbucks

The Intercontinental Exchange (ICE) is eyeing the first half of 2020 to begin testing of its consumer-facing Bitcoin payment application. The company will be working with its partner Starbucks to bring the app to life.The financial markets company’s first foray into the world of digital assets was the recently launched Bakkt platform, which offers physically-settled...
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How Blockchain Technology has Changed the Gambling Industry

The many ways that Blockchain technology has changed the gambling industry. Strange as it may seem, many forms of technology have come and gone but none have been able to change the Gambling industry like blockchain technology. Blockchain technology has created a new paradigm where the gambling industry is coming into its own with new...
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Xi’s Blockchain Endorsement Starts Buying Frenzy For Chinese Cryptos

Xi’s Blockchain endorsement started a massive buying frenzy in the country especially for Chinese cryptocurrencies following the latest announcements made on Tuesday aiming to make the country the leader in the emerging field of blockchain as we read in the previous blockchain news. Just a few days after the announcement that was warmly welcomed in...
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Why China’s Interest in Blockchain Will Ultimately Be Bad For Crypto

Last week, Chinese President Xi Jinping gave a speech where he praised the blockchain technology many crypto assets are built on and urged his country to ensure it is at the forefront of future developments in the space.The post appeared first on NewsBTC
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Branson’s Virgin Galactic Stock (SPCE) Rockets in NYSE Debut

Today the Shares of Richard Branson-backed Virgin Galactic has jumped as much as 7.7% in early trading on the New York Stock Exchange. Sir Richard Branson’s private space tourism company Virgin Galactic Inc. started its trading on the New York Stock Exchange (NYSE) via a direct listing at $12.10 on Monday under the ticker “SPCE”....
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Ripple Can’t Seem To Keep Up With The Latest Crypto Rally: Analysis

Ripple can’t seem to keep up with the crypto rally these days especially once Bitcoin along with other cryptocurrencies exploded over the weekend after China’s intention to explore the potential of blockchain announcements. However, XRP is trading relatively slow as we are about to see in the Ripple XRP news below. While Bitcoin received some...
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Bakkt Announces Starbucks as First Partner for Consumer App to Be Launched in 2020

Bakkt has announced that next year it will release an app to help consumers and merchants handle business transactions with digital assets. Bakkt is currently looking to help its retail community to trade cryptocurrencies as seamlessly as possible. The platform has decided to do this with the launch of a consumer-focused app that will help...
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Stealth Miners on the BCH Network Attract Scrutiny

In roughly 17 days, the Bitcoin Cash network will upgrade by adding two new features to the protocol. Meanwhile, prior to the forthcoming changes, a large percentage of the BCH hashrate is being processed by unknown miners. Crypto proponents have been very focused on the hashrate and BCH pool distribution as speculators believe a few...
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Tron Moves Near The Top In The Latest China Crypto Rankings

China is the leader in today’s cryptonews, showing that the country has recently adopted a pro-blockchain stance. Following news that the county will bring in a so-called “crypto law” in January next year, the Tron price today is up by 25% and TRX is trading at $0.02.In a sign of what was described as China’s...
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Chinese Tech Stocks “Maxed Out” after Xi Jinping Touts Blockchain

As Chinese President Xi Jinping highlighted the potential of blockchain, it positively influenced the stocks of Chinese tech companies. Stocks in Chinese blockchain A-share companies “maxed out” to their 10% daily limit after a president Xi Jinping focused the attention of the public to the potential of the technology encouraging digital currencies, increasing the rise...
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Tron and EOS Are Now among China’s Favourites in Latest Crypto Rankings

China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin ranked 11th, Tron – 2nd, and EOS (EOS) retaining the top spot It seems that Tron (TRX) and EOS became China’s favorite children, at least if it’s to believe newly published CCID Crypto Ranking. The Chinese Ministry of Industry was always perplexing...
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Chinese BTC FOMO: Banks Start Investing In BitPie Wallet

The Chinese BTC FOMO appears to be rising in the country as the major banks started investing in a local wallet platform dubbed BitPie. This makes up for major crypto and blockchain-related development from China as the country is slowly approaching to get to government-approved adoption as we reported previously in the Bitcoin news. The...
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Not So Fast Bulls: Latest Bitcoin Pump May Be Wyckoff Distribution Throwback

The Bitcoin pump heard ‘round the world has the entire market bullish once again, following Bitcoin’s third-largest one day gain in its history on news that China is in support of the blockchain technology underpinning Bitcoin and other crypto assets.The post appeared first on NewsBTC
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China Sparks a Crypto Rally, BTC, BCH, TRX, NEO, Oct. 28

Cryptocurrency bears were steamrolled by bullish blockchain comments from China’s President. Chinese projects were the big gainers. BTC The cryptocurrency market was heading for another gloomy week until headlines out of China sparked a strong turnaround in BTC and pulled the rest of the market higher. BTC Price Index With BTC slumping below $7,500, a...
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XRP poised for positive breakout as ascending triangle pattern takes over

Bitcoin’s recent price movement has prompted many altcoins to post significant gains on the cryptocurrency charts. XRP has been struggling to keep hold of the key $0.30 level and has been trading below it for a while, despite its peer coins recording upward momentum. The coin needed a trend reversal to compensate for last week’s...
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McAfee DEX will overtake Binance, claims John McAfee

“When we come out in the first quarter of 2020, I promise you, we will surpass the experience that users have on Binance and our exchange will be decentralized, distributed, and there’s no fee for listing,” said Bitcoin bull and eccentric cybersecurity expert, John McAfee, while addressing his Decentralized Exchange dubbed McAfee DEX. McAfee detests...
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Bitcoin’s Latest Price Pump: New Life or Last Gasp?

Almost out of nowhere, the bitcoin price surged by 40% within a matter of hours. The rally brought out the bitcoin bulls, along with their starry-eyed price forecasts. But what if this historic bounce is also the last one the cryptocurrency will ever see? After dropping for months, bitcoin’s price spiked 40 percent when China’s...
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Breaking: TRON Will Now Be Available In Samsung’s Blockchain Keystore

The TRON network receives another boost in its overall adoption as the blockchain will now be available in Samsung’s Blockchain Keystore. The announcement comes shortly after the project successfully upgraded its Odyssey protocol. TRON Available In Samsung’s Blockchain Keystore TRON is undoubtedly among the more popular cryptocurrency projects. Just today, it became clear that its...
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Win or Lose, Get Instant Rewards with Bitcasino.io Loyalty Club

Forget the rules about how casino bonuses have been for online gaming. Deposit bonuses and unrealistic, arbitrary wagering requirements got you down? How does getting hard cashback instantly on every bet you make sound like? Because that’s exactly what Bitcasino.io’s new Loyalty Program is going to do: reward every player instantly with real money on...
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Crypto Market Reverses: Bitcoin Resumes Bullish Stance

The massive Bitcoin surge at the end of last week brought some much-needed energy to the crypto markets. The initial catalyst has been suggested as General Secretary Xi Jinping’s speech coming out in support of blockchain technology, although plenty of doubters believe that whale traders are using major news as cover for leveraged trades. An...
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Ripple Price Analysis: XRP Struggles Despite The Recent Bitcoin Rally

XRP saw a small price increase of around 1.48% over the past week and it currently trades at $0.2975. The cryptocurrency has been relatively quiet whilst the rest of the market surged and it failed to close above the $0.30 resistance level. This is perhaps due to the fact that XRP began to fell against...
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PrimeXBT Bolsters Affiliate Program After Paying Out 111 BTC Referral Income to Top 3 Partners

Featured The introduction of Bitcoin and cryptocurrencies to the financial sector has undoubtedly created a plethora of novel opportunities to produce financial returns. One such opportunity is PrimeXBT’s affiliate program, which claims to be one of the “most profitable” systems of its kind in “the world.” PrimeXBT recently revealed in a blog post that it...
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