November 9, 2019

Is Bitcoin Really Doomed? Analysts Skeptical of Bear Bias After $400 Drop

As you are likely aware, Bitcoin (BTC) hasn’t done too well over the past two-odd days. Since Friday, the cryptocurrency has shed 6% of its value, tanking from $9,250 to $8,700 in a strong move lower that came after nearly two weeks of bullish consolidation above $9,000.Despite this relatively mild price action, which wasn’t exactly...
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Bitcoin Hater Peter Schiff Is the Gold Bug Who Cried Wolf

Peter Schiff is once again making apocalyptic bitcoin price predictions. This isn’t the first time the famous gold bug has sounded the alarm on the crypto market. Are crypto investors right to treat him like the boy who cried wolf? Peter Schiff has remained active on Twitter lately, chiming in on the Fed’s ballooning balance...
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EIDOS Airdrop Causes Major EOS Network Congestion

Blockchain congestion is a very big problem in the cryptocurrency industry. Many networks suffer from these drawbacks on a regular basis. In the case of EOS, such issues had not been present all that much. That situation came to change earlier today, as an airdrop quickly filled up the network capacity.  An Airdrop Cripples the...
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Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

On Friday, the Bitcoin (BTC) market took a turn for the worst. The leading cryptocurrency, as reported by this outlet, tanked from $9,250 to $8,700 in a number of hours, with bulls running out of steam.While the bearish pressure has stopped, with Bitcoin finding some support at $8,850 as the short-term downtrend has ended, analysts...
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MoneyGram US-Mexico Business Is 10% Crypto Enabled?

A new estimate by the World Bank is in the cryptocurrency news – showing that the 2016 global remittance market sits at $573 billion, out of which around $422 billion went to the more developing countries. New shocking statistics show that the Moneygram US-Mexico business is 10% enabled by crypto. For those of you who...
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Crypto Adoption In 2020: How Will Things Look Next Year?

The cryptocurrency news this year (2019) showed a lot of ups and downs for the prices of the biggest cryptocurrencies. However, prices aside, we have seen crypto making big moves in a lot of industries. Today, we are talking about the crypto adoption in 2020 and what will be the main driving factors behind it....
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Australian Blockchain Firm To Roll Out Its Technology In The Region

An Australian blockchain firm which deals with energy named Power Ledger has recently partnered with another local energy retailer in an attempt to roll out its technology in South Australia. The blockchain-based software by Power Ledger will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control...
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One Technical Indicator Signals That BTC May Revisit $7,300 Soon

The price of Bitcoin has been viral in the latest crypto news as the most dominant cryptocurrency failed to rise above $10,000 but instead went back to the $8,000 region. While BTC stands at $8,800, one technical indicator shows that the bearish run is not over and that Bitcoin may go even lower. What is...
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Are BTC And Other Altcoins Bearish After The New Drop?

Yesterday, we saw how the bears managed to pull BTC back in the $8,000 region and how the most dominant cryptocurrency fell compared to its previous performance. The Bitcoin news updates showed a loss of momentum, which is why many analysts wonder: Are BTC and other altcoins going even lower in the future? This is...
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Litecoin Gains 2% On The Day, Analyst Outlook Is Bright

The crypto news today show that Bitcoin has been facing some turbulent price action lately and confirmed its bearish momentum today with a drop to $8,800 which is the major psychological level now. However, what’s impressive in a session like this one is the fact that the Litecoin gains are now at 2% and the...
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Queen Of UK Rules Out Crypto As Currency: Official

A few weeks following the United States Internal Revenue Service and its publishing of the new guidance for crypto taxation – the United Kingdom’s tax has officially been published by the Queen of UK. Her Majesty’s Revenue and Customs (HMRC) has officially updated the cryptocurrency taxation policy paper for businesses and individuals, the latest cryptocurrency...
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Crypto Tidbits: Bakkt’s Bitcoin Market Explodes, Huawei CEO Skeptical of Blockchain, FBI Wary of Cryptocurrency

Another week, another round of Crypto Tidbits. Again, Bitcoin (BTC) saw a relatively meek week in terms of price action, or lack thereof; the leading cryptocurrency fell by 5% over the course of the week, but still seems to be stuck in a tight range as a trend fails to be established.Despite this, the industry...
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Ethereum is ‘definitely making headway’ in decentralized open finance

Over the past year, a buzzword that’s caught the attention of the Ethereum ecosystem has undoubtedly been DeFi aka Decentralized Finance. From payments to infrastructure to stablecoins, the Ethereum ecosystem gained a lot of prominence with projects like OmiseGo, DAI, and 0x. The growth of this particular sector was one of the topics discussed at the...
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Ethereum’s 120-day pattern breached: Longs to be ecstatic soon

World Computer aka Ethereum’s rapid descent in price seems to be slowing down as it has been consolidating for over two months now. The price of ETH hovers at $184 with a market cap of $20 billion making it the second-largest cryptocurrency in the world. As the price has breached a longterm bullish pattern, longs...
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Litecoin Climbs Over 2% as Analysts Eye Potentially Major Mid-Term Gains

Bitcoin has been facing some turbulent price action over the past several days and weeks, which has led cryptocurrencies like Litecoin to establish wide trading range. This volatility, however, has been generally positive, as most cryptos – including LTC – are trading up from their monthly lows.Analysts are now predicting significantly further upside for Litecoin...
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Best Decred Pool Options in 2019

Decred is a unique crypto, and if you are looking to generate your own DCR coins, you need to know that there are several Decred pool options that you can choose from. Decred Overview Decred (DCR) is a blockchain-based cryptocurrency that employs decentralized governance that ensures the network is run autonomously but with miners and...
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Constant’s Customized P2P Lending Terms and Rates Fuel Platform’s Impressive Growth

The increasing competition among borrowing/lending platforms, stablecoins, derivatives, and cross-chain CDPs indicates a new era in fintech innovation. Decentralized finance’s (DeFi) meteoric rise has been accompanied by a slew of advances in financial technology, sparking a wave of P2P lending protocols and liquidity pools. The increasing competition of borrowing/lending, stablecoins, derivatives, and even cross-chain CDPs...
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Bitcoin perpetual swaps show consistent positive basis

Recently, Bitcoin data analytics firm, Skew reported a consistent positive basis between Bitcoin‘s perpetual swap contracts and its underlying spot market. Basis is the difference between the spot price and its derivative. In this case, a positive basis means a relatively higher Bitcoin spot price relative to the price of perpetual swap contracts derived from...
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What to Expect From the Next Bitcoin Cash Protocol Upgrade

On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept Schnorr signatures. Also Read: QE Infinity: 37 Central Banks Participate...
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Key Technical Indicator Signals Bitcoin May Soon Revisit $7,300

Bitcoin’s price has been able to stabilize after incurring a significant influx of selling pressure yesterday that sent it plummeting below its previous range lows at $9,000, and it appears that bulls have formed $8,800 as a level of support that could bolster BTC’s price in the near-term.It is important to note that despite BTC...
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CoinField’s CEO Explains the Timeline for Trading Stocks and ETFs on Sologenic Platform

The Sologenic platform that was introduced by CoinField will merge traditional financial markets and crypto on the XRP Ledger. Canadian crypto exchange CoinField has unveiled its top project Sologenic today at Malta AI and Blockchain Summit (AIBC), during the second day of the conference. CEO Bob Ras explained how Sologenic will merge traditional financial markets...
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Ethereum’s Vitalik: ICO’s out of touch with spirit of blockchains

Toward the end of 2017 and 2018, apart from the Bitcoin boom frenzy, another factor that took over the crypto-space was the ICO boom, with projects raising millions and billions of dollars for their ‘blockchain solving real-world problems’ ideas. This, however, gradually faded away with the intervention of several regulatory bodies around the world; the...
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Coinbase increases amount of staked CPU to unblock customers’ EOS transactions

Recently, one of the leading blockchains, EOS was reported to have been facing network congestion, with the reason being the airdrop of EIDOS project that was launched at the beginning of this month. On November 9, Coinbase released an official blog post titled ‘EOS enters congestion mode due to EIDOS airdrop’ explaining the entire scenario....
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Bitcoin Goes Mainstream As Stephen Colbert Mentions BTC In Monologue

Bitcoin goes mainstream since on Thursday night Stephen Colbert, the popular TV night show host mentioned the leading cryptocurrency in his monologue as we are about to read further in the bitcoin news below. As normal, the TV host and entertainer weighed in on bitcoin and made fun of the state of US politics addressing...
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2019 Singapore Fintech Festival Will Be Held Soon

From the birth of Bitcoin in 2008 to the rising popularity of Ethereum in 2014 until now, the concept and practice of blockchain and digital assets have become more and more popular. The blockchain is called as a machine that transfers trust and value, combining financial technologies such as the Internet of Things (IoT) and...
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Growing Bakkt Volumes Bode Well for Bitcoin

Bakkt’s steadily increasing Bitcoin futures volume is a positive indicator of its growing acceptance among the broader investment community. Here are the figures since launch. Increased usage of the Bakkt physically delivered futures contract is bullish for the BTC/USD pair and overall market sentiment. A correlation currently exists between the increased take-up of the Bakkt...
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Bitcoin’s LN Can Now Be Used For Private Messaging

Bitcoin sinks below the $8,800 level and brought the rest of the crypto market along. The leading cryptocurrency got down by more than 4 percent and we are reading further to see more of the price action in the Bitcoin price news today.Ethereum got down by 1.69 percent at $183, XRP as well decreased by...
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Several Business Traits That I Have Found in BitCherry

In 1950s, a large amount of gold was discovered in California. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad leading to a California gold rush in the west. Through this incidence, San Francisco grew from a small settlement to a boomtown. Today, one and...
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Bitcoin and cryptocurrencies are guzzling Georgia’s hydro power

According to BBC’s Sounds podcast, Georgia is one of the top Bitcoin miners in the world considering its annual revenue of $0.5 billion. The electricity consumption of Bitfury for Bitcoin mining is in 389.7 million kilowatt-hours. This figure excludes other miners and is already taking a big piece of the pie. The country has been...
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Tether Will Support Peter McCormack In A Craig Wright Lawsuit

Tether will support the latest lawsuit by crypto podcaster Peter McCormack against the self-proclaimed Bitcoin creator Craig Wright as we are reading further in the Tether cryptocurrency news. The general counsel for Tether and crypto exchange Bitfinex, Stuart Hoegner revealed back on November 8 that Tether will also reject the claims made by Wright of...
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