November 27, 2019

Ethereum May Target Short-Term Gains Despite Bearish UPbit Hack

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, which has led ETH to incur overwhelmingly bearish price action. However, BTC’s bullish response to an overnight dip has similarly allowed ETH to begin forming some potentially bullish technical formations.This tempered bullishness comes about concurrently with recent news regarding cryptocurrency...
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Ethereum Developers can Attain Scalability Through Elastos

The debate regarding Ethereum’s scaling problems is still in full effect. One possible solution comes in the form of a sidechain, known as Elastos.  It is not the first time the idea of utilizing a sidechain for Ethereum comes to the surface. Elastos has Arrived on Ethereum Until the developers can figure out a viable...
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In Nod to Crypto Community, Twitter Won’t Purge Hal Finney’s Account

Crypto Twitter members breathed a collective sigh of relief today after some reassurance from the man himself. Square Crypto, whose Twitter account is seemingly manned by bitcoin bull Jack Dorsey, revealed that the Twitter account of the late Hal Finney isn’t going anywhere. It started with a tweet by bitcoin rewards app Lolli, which asked...
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Top 7 Things I Wish I Knew as a New GTA 5 Online Player

I’ve been playing GTA 5 Online for quite some time now. I’ve reached level 300+ and made over $100 million in the game. Today I’m here to share the top 7 things I wish I knew as a brand new GTA Online player. If you’re just now getting starting with GTA, I hope this article...
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IDAX Exit Scam? Users Face Withdrawal Difficulty

The IDAX CEO has allegedly run off with the cold wallet of the exchange, all employees have left or have been fired, and the platform’s token dropped to $0. Blocklike reported on Weibo.com rumors of chaos at the China-based trading platform IDAX suggesting the exchange pulled an exit scam. Blocklike, citing unnamed insiders, the CEO...
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GiveBitcoin Wants You to Give Bitcoin This Holiday Season

GiveBitcoin founder Cory Klippsten struggled to warm his parents up to Bitcoin. For two years, he coaxed and educated, until his evangelism finally paid off in the spring of 2019. “After 100s of hours, books, podcasts, articles, I finally got my parents to buy some bitcoin,” he told Bitcoin Magazine. That was five years after...
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Bitcoin Pioneers’ Account Won’t Disappear, Confirms Twitter

Twitter has just announced that it will proceed with less haste than originally planned with regards removing inactive accounts. Public backlash against the proposed account cull, stemming in part from the Bitcoin community, has forced the company to reconsider the policy.People largely objected to the sudden removal of important accounts of those now deceased. One...
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Bitstop Installs One-Way Bitcoin ATMs In Simon Malls

Bitstop, a Bitcoin Automated Teller Machine (ATM) operator, has partnered with Simon Malls, one of the biggest shopping mall operators in the United States, to install Bitcoin ATMs across California, Florida and Georgia. According to the November 26, 2019, announcement, Bitstop’s ATMs are now live in five Simon Malls locations. The company’s chief executive and...
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Intensely Bearish BTC Futures Market Predicts Gloomy 2020 for Bitcoin Price

Bitcoin options traders on a major bitcoin futures market are expecting the bitcoin price to keep cooling through June 2020. If their market consensus projections hold true, bitcoin’s price won’t be getting a boost from May 2020’s halving. On the bright side, bitcoin futures are pricing in a 4% probability of a new all time...
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Bitcoin Price Rebounds 11% From Low amid ‘Textbook’ Inverse Head & Shoulders Pattern

Bitcoin price touches intraday high of $7,668 Wednesday. Earlier in the day, BTC/USD bottomed at $6,847.72, a six-month low. Cryptocurrency markets recover north of $200 billion. Bitcoin’s price reclaimed the $7,500 handle on Wednesday after plunging to its lowest level in over six months. BTC/USD Stages Relief Rally Wednesday’s roller coaster session saw bitcoin’s price...
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Ethereum’s criticism is a little uncalled for: Atlantic Financial CEO

Over the past few weeks, Ethereum’s Vitalik Buterin has received a lot of flak and criticism from other crypto-proponents in the industry. Most recently, Bram Cohen, author of the BitTorrent protocol, criticized Ethereum’s proposed solution for scaling and suggested that Sharding did not bring anything different to the ecosystem. The Co-founder of Ethereum was also...
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Bitfinex and Tether Receive Another Class Action Lawsuit in US Courts

The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless. Also Read: Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested...
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Are CDPs the new CDOs

DeFi Boom Becomes Dangerous as CDPs Trigger Memories of CDOs DeFi has become a flagship use case for blockchain technology. By offering asset management, borrowing, lending, and remittance services without intermediary parties, DeFi is moving to shake up the traditional financial services industry. However, the increasing popularization of leverage instruments threatens the health of the...
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Bitcoin: All Eyes on Potential Inverse Head and Shoulders Pattern as Bulls Fight Back

Bitcoin’s position within the lower-$7,000 region has been ardently defended by the cryptocurrency’s bulls over the past several hours and days, with the crypto’s overnight drop into the upper-$6,000 region being met with significant buying pressure that allowed BTC to post a sharp bounce to highs of $7,400.It is important to note that this recent...
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XRP Price Could Go Down to $0 by Next February: Alex Kruger

A model on XRP price development predicts that the ‘crypto-asset’ will go to zero by next February. Ripple’s XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range. Ripple’s Token Not Only Stagnant but Erasing All Value XRP is one of the assets that has remained stagnant in 2019...
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Upbit Loses Over $50m in Ether Following Platform Hack

It has been once again a very remarkable day in the cryptocurrency industry. South Korean exchange Upbit has seemingly misplaced a lot of funds due to a hacker. The news originally started out as a rumor, but was eventually confirmed by the company. Upbit Gets Hacked and Loses Ether In the announcement, Upbit mentions 342,000...
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Another eWallet Adds Further Crypto Support, But Are Efforts Like Skrill’s Missing the Point?

One of the most popular online e-wallet services has just overhauled its cryptocurrency offering. From today, customers of Skrill will be able to exchange the various crypto assets the platform supports directly for Bitcoin.The expanded service is the latest example of a payments company offering some cryptocurrency functionality. However, modern financial services firms, such as...
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Block.One CTO to tackle mainnet crisis; EOS VC announces new investment

Not too long ago, Block.One’s Daniel Larimer had hinted at the arrival of a new proposal in order to tackle the problems associated with resources which have troubled the mainnet for weeks. His tweet read, My upcoming blog post will outline a new approach to cpu on #eosio that will bring price stability and should...
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Bakkt Futures Set New Record, 3151 Bitcoin Worth $23M Traded

The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC, risk exposure, affinity in ‘physically’ acquiring the underlying asset. Bakkt Bitcoin Futures Set New Record Days After Last Friday’s Peak During a period of high volatility for bitcoin, the futures market picked up in earnest, breaking the previous record...
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Bitcoin Falls 20% Below Stock-To-Flow Forecast

Because Bitcoin is a new, emerging technology unlike anything before it, it is difficult to give the speculative asset a meaningful value, and instead, market dynamics like supply and demand take over.One attempt to assign a fair market value to Bitcoin has been done through a highly-cited stock-to-flow model. However, Bitcoin price is now trading...
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Bitcoin Price Shoots Past $7200, as BTC Predictions Abound

Bitcoin price is returning to short-term volatility, with a rally above $7261. At this point, BTC sees various near and long term predictions. Bitcoin Price Rally Mode On The mood for BTC until now has been bearish without the exclusion of sudden price rallies. The halving narrative still continues as a factor, though with fears...
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SEC Will Start Going After Illegal Crypto ICOs Even Harder

The United States Commodity Futures Trading Commission (CFTC) managed to obtain more than $1.3 billion in administrative penalties throughout the fiscal year of 2019, new reports show. These included funds that the US CFTC collected from cryptocurrency operators, too.According to the annual report issued by the US CFTC for the 2019 financial year, the regulator...
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Bitcoin notes an increase in correlation with mid-cap, small-cap assets

The past week has been brutal for most cryptocurrencies after the market saw the back-to-back fall of Bitcoin, which subsequently led to most of the market diving into the red zone. According to the CoinMetrics’ latest report, the poor performance was noted throughout the large-cap, mid-cap, and small-cap assets through Bletchley Indexes. The index recorded...
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European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features

Authorities around the world are trying to stamp out online anonymity in various ways, sacrificing users’ privacy for alleged security. One of these ways is forcing digital asset exchanges to drop support for some cryptos, as European venue Bitbay is now the latest to do with monero. Also Read: Europol: Hardcore Criminals Are Shifting From...
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MakerDAO President talks multi-collateral Dai rollout, advantages of Dai Savings Rate, product roadmap and more

CryptoSlate recently had the opportunity to chat with Steven Becker, the President and COO of MakerDAO. MakerDAO is a unique dApp that generates Dai, the world’s first decentralized stablecoin that facilitates economic growth on the blockchain and economic empowerment with the blockchain. MakerDAO was recently in the news for the successful launch of multi-collateral Dai...
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SAGA Will Launch A Special Drawing Right-Pegged Stablecoin

The cryptocurrency markets lost more than $40 billion over the course of the last week when Bitcoin (BTC) dropped below $7,000 for the first time since May 2019. According to data and the latest Bitcoin news, we can see that the prices are still struggling to recover.What actually happened is a situation where the markets...
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Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature

Online payment services firm Skrill has announced the expansion of its cryptocurrency offering. With its crypto-to-crypto buy and sell service, Skrill users will now be able to use Bitcoin to buy other cryptocurrencies, making transactions on the platform faster and lower-cost. It comes after the UK-based firm first introduced its Cryptocurrency Service last year.Before this...
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Bitcoin Investors Didn’t Lose A Lot Of Money Despite Crash: Analysis

The holiday shopping season has always been something that we look forward to. This Friday is known as ‘the Black Friday 2019’ or the day with the biggest discounts in stores worldwide. And just when you think about your next shopping spree, we are here to feature the upcoming Bitcoin news and all the BTC-related...
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Litecoin could continue down channel to hit $34 by Christmas

With the cryptocurrency space experiencing an overall downtrend in price, Litecoin has come close to a price last seen back in February 2019. With a value of nearly $47 at the time of writing, LTC had a market capitalization of over $3 billion and a daily trading volume of almost $2.7 billion, according to CoinMarketCap....
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The Worst Is Yet To Come For Altcoin Market Cap

Following Bitcoin’s meteoric rise in 2017, retail investors searching for the next Bitcoin loaded up on altcoins and other crypto assets hoping to get in early and strike it rich.But the bubble popped, and now altcoins are down in some cases as much as 99% from their all-time high prices set back during the peak...
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