November 24, 2019

Bitcoin’s slump may reverse with breach of descending channel

Bitcoin’s price noted a crucial 32.87% surge on 26 October, that helped it to recover from September’s fall. The surge raised the price of Bitcoin ailing at $7,393 to $9,819.92. However, the largest cryptocurrency in the market could not keep up the price and began its descent to the bearish end. It fell by 22.62%...
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XRP has Overtaken Ethereum Again in the Transaction Volume Department

The growth of a blockchain ecosystem can be achieved through different means. One option is to look at the network’s transaction volume over time. If that is the go-to metric, Ripple’s XRP is seemingly doing a lot of things right. XRP Notes Major Transaction Growth It is evident that comparing this network to either Bitcoin...
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Mastercard Will Prevent Free Trials From Turning Into Automatic Subscriptions

Credit and debit cards are convenient, yet they lack some crucial features. Mastercard had high hopes for automatic billing, but that feature has now been officially removed. Setting up recurring payments is one of the reasons why debit and credit cards have become so successful. A Smart Business Decision by Mastercard It now appears that...
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Litecoin’s descending channel breach may lead coin down recovery path

Litecoin’s descent started on 24 September, where it noted a free-fall by 35.85%. This fall resulted in the price of the coin to plunge from $79.92 to $51.27, following which it reported another drop of 19.62%. At press time, LTC was valued at $47.09 with a market cap of $3.02 billion and a trading volume...
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Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst

Bitcoin’s recent turbulence has spilled over into the aggregated crypto markets, leading most major cryptocurrencies to form a close correlation with its price action – which has proven to be highly bearish for Ethereum (ETH) and other major altcoins.In spite of this near-term bearishness, analysts are noting that Ethereum may be attempting to form a...
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MakerDAO lacks quantity required for decentralization: John Carvalho

Despite decentralization being the primary focus of cryptocurrencies and blockchain-related projects, centralized projects seem to be accumulating a larger portion of the industry. Apart from this, several projects claim to be entirely decentralized when they are not. Bitrefill’s CCO John Carvalho went on to highlight the same in a recent interview. MakerDAO was in the...
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DEX week-over-week trade volume soars by 105%

CoinMarketCap rightly predicted this year to be the year of decentralized exchanges [DEX]. There has been an overall improved sentiment toward these platforms. According to the latest development shared by Dune Analytics, an Ethereum data curator, DEX trading volume has increased by 105% week over week. At press time, as per Dune Analytics’ dashboard, $59.08...
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Two Reasons Why Crypto Won’t See Exchange Consolidation: Trader

The latest Bitcoin news show that the most dominant cryptocurrency could spend months trading at $5,500 before it finally recovers – which is an analysis from Peter Brandt, one of the best known analysts in the space.As a tweet from Brandt on November 21 showed, the analyst revealed his target for Bitcoin with a floor...
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New Siberian BTC Mining Farm Is Russia’s Largest Mining Facility

The latest Bitcoin news show that the most dominant cryptocurrency could spend months trading at $5,500 before it finally recovers – which is an analysis from Peter Brandt, one of the best known analysts in the space.As a tweet from Brandt on November 21 showed, the analyst revealed his target for Bitcoin with a floor...
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Bitfinex Is Under New Legal Attack With Another Lawsuit Filed

The controversy around the Bitfinex exchange and Tether (USDT) continues today. As the latest Tether cryptocurrency news show, Bitfinex is under new legal attack as another “copycat” class action lawsuit was recently filed against it with the US District Court for the Western District of Washington. An official statement shows that “mercenary” lawyers are the...
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Bitcoin Still Outperformed 85% Of The Top Altcoins In 2019

Even with the recent crash and the cryptocurrency news showing that the market is bleeding, Bitcoin still outperformed 85% of the top altcoins this year. Based on the market capitulation, Bitcoin (BTC) is a clear winner and altcoins also split ways with a handful of the top assets surviving and the smaller coins and tokens...
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Make or Break: Bitcoin Price Closing In On Key Monthly Support Level

The recent plunge in the crypto markets has pushed Bitcoin (BTC) to a “make or break” point — the 21-month simple moving average, which sits in the high-$6,000s at current.As analyst Byzantine General recently pointed out in a recent tweet, this level has been the point at which BTC has bounced in two previous bull...
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How Bitcoin Applies to The Sovereign Individual Thesis

Just before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that would help progress the end of politics and the nation states. 22 years ago, much like Nostradamus, Isaac Newton, Gerald Celente, and Carl Jung’s forecasts, a book called “The Sovereign Individual” predicted the...
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BNB Research Shows 96% Of Institutional Investors Embrace Stablecoins

A couple of days ago, reports in the cryptonews showed that Chinese authorities have raided the offices of the leading cryptocurrency exchange in the world. However, today Binance refutes the media reports and says that they are quite false – with a full explanation on what’s actually true.One Binance spokesperson spoke to the media and...
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Bitcoin saves people from clutches of financial surveillance: Andreas Antonopoulos  

Andreas was recently interviewed by Peter McCormack on Defiance regarding the benefits of using virtual currencies in today’s age. The renowned Bitcoiner first spoke of how traditional financial methods are failing people. He stated, “Why do we need Bitcoin? Because we’re heading into the 21st century now with a system of money built in the...
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XRP Crucially Avoided A Huge Price Drop This Weekend, How?

XRP Crucially avoided a huge price drop over the weekend and compared to 2017, the price of XRP has held up above the important long-term support level at $0.19. However, over the week, the XRP price was at risk of breaking below the key support level for the second time around as we are reading...
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Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst

The crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.  Bitcoin Price to Exceed Previous ATH China has made it’s pro-blockchain and anti-crypto stance pretty clear. The People’s Bank of China issued...
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Bitcoin Sentiment Indicator Prints “Extreme Fear” in Potential Sign of Bottom

Bitcoin’s (BTC) recent plunge under $8,000 to tap $6,800 has done numbers of the sentiment in the cryptocurrency industry. As a popular trader, Crypto Michael, noted in a recent tweet, the Bitcoin Fear & Greed Index recently printed a 23, which is on the “extreme fear” side of the oscillating indicator.$BTC #BITCOINI like extreme fear....
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BTC Futures Data Shows Details About Latest Price Crash

The latest Bitcoin news show that the most dominant cryptocurrency could spend months trading at $5,500 before it finally recovers – which is an analysis from Peter Brandt, one of the best known analysts in the space.As a tweet from Brandt on November 21 showed, the analyst revealed his target for Bitcoin with a floor...
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92% Of Institutional Investors Keep Their Crypto On Exchanges

Some of the most popular crypto analysts explain what happened to the crypto market over the past few weeks. For the first time in more than six months, we are seeing these low levels which show there are strong signals for returning to crypto winter. As we are about to read in the coming altcoin...
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Analysts Eye Bigger Crash for Bitcoin at 5.8k: Factors for Further Fall

Bitcoin has continued to remain firmly in control of the its bears, as BTC has failed to garner and maintain any upwards momentum over the past several weeks, signaling that it may see significantly further downside in the near-term.Analysts are now noting that a failure for it to maintain above its immediate support level could...
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Bitfinex Under Legal Attack: Another Class-Action Lawsuit Filed in Washington

The controversy around Bitfinex and Tether continues. Apparently, the company is under legal attack as yet another “copycat” class action lawsuit has been filed against it with the US District Court for the Western District of Washington. Bitfinex Responds Against A Mysterious Complaint According to an official statement, “mercenary” lawyers continue to attack Bitfinex and...
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Lonely In Green: Tezos Sees 35% Weekly Spike Against Bitcoin (XTZ Price Analysis)

Tezos saw a sharp increase of 16.66% over the past week and it currently trades at $1.33. More impressively. the cryptocurrency is up by 35% against Bitcoin. Over the past month, XTZ managed to gain more than 70% and it’s the best-performing altcoin amid this rather bearish market.  Tezos is now ranked in the 14th...
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Bitcoin Outperformed 85 Percent of Top 50 Altcoins YTD

Bitcoin outperformed 85% of the top 50 digital coins and tokens based on market capitalization. Altcoins also split ways, with a handful of top assets surviving, with smaller coins and tokens virtually disappearing. Bitcoin Bets Also Faced Volatility in 2019 BTC at one point had grown more than 400% between the market bottom and the...
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Ethereum 2.0’s stateless model could enhance security

While Ethereum 2.0 isn’t very far off from being executed, the network’s co-founder Vitalik Buterin has been introducing several proposals for the same. One of which was Ethereum 2.0 as a stateless protocol. A stateless system eliminates the need for maintaining storage or state in a node. A team primarily focusing on the research and...
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Where Bitcoin is going next according to the trader who called plunge to $6,700

In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher. Indeed, at the time, the asset was poised to take on its previous all-time high while emotions were riding high — a perfect combination for the price to go vertical. Though, one analyst incessantly...
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Bitcoin’s SegWit Adoption Keeps Rising Slowly

As the push to scale cryptocurrency networks is still in effect, the adoption of SegWit may play a role of importance. Recent statistics confirm the overall use of this technology is certainly on the rise. Without SegWit adoption increasing, new solutions to scale Bitcoin will need to be created. A Long way From Making SegWit...
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Bitcoin Price Bottomed on Macro Scale? Saturday’s Close Implies So

With the debate raging over if Bitcoin (BTC) truly set a bottom at $6,700, an analyst recently tried to set the record straight, issuing the tweet below after Saturday’s candle close.In it, a popular cryptocurrency analyst that goes by “Salsa” noted that Bitcoin and Ethereum’s three-day charts printed the same extremely bullish candle pattern: a...
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New Siberian Bitcoin Mining Farm is Russia’s Largest

BitRiver, the newly launched mining farm in Siberia, is now Russia’s largest bitcoin (BTC) mining facility. Mining billionaire Oleg Deripaska’s venture is already attracting large-scale clients, reports Bloomberg. Bitcoin Mining Farm Churns out BTC with Hydroelectric Power Deripaska has combined BTC mining and a data center with one of the largest Soviet-era aluminum plants. The...
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Bitcoin Core 0.19.0 Released: Here’s What’s New

Today, November 24, 2019, marks the official release of Bitcoin Core 0.19.0, the 19th major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 11 years ago and still the dominant Bitcoin implementation on the network today. (Though due to an issue that came to light in a late stage of the Bitcoin...
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