December 7, 2019

Ethereum, XRP, and Litecoin remain stagnant; will will they head next?

Ethereum, Litecoin, and XRP entered a stagnation phase in late November. Thus far, the buy and sell orders behind these assets are not significant enough to bring back volatility to them. The following technical analysis explores what would happen if volume picks up. Low levels of volatility in the market. Source: TradingView Ethereum (ETH) After...
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Are IEOs Safer to Invest in Than ICOs?

After the ICO bubble popped in late 2018, projects scrambled to find new ways to raise money. After briefly courting the Security Token Offering, markets settled on a ‘new’ concept: the Initial Exchange Offering. Is this new model really an improvement over the original? Though the ICO market quickly grew to billions of dollars in...
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Ethtrader Users Are Pleased With the DONUT Token Launch

Many people questioned the viability of issuing Donuts on the Ethereum blockchain. This new currency for the Ethtrader subreddit has been well-received by the community so far. For a token that is only usable on a subreddit, one wouldn’t necessarily expect there to be much interest. DONUT is More Popular Than Expected Things are a...
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Bitcoin, cryptocurrencies to eventually replace fiat: Deutsche Bank’s study

Can cryptocurrencies ever replace fiat? This has been a subject of debate for many years now. According to Deutsche Bank’s latest study, the answer could be yes. Deutsche Bank’s analyst Jim Reid’s new study, titled ‘Imagine 2030‘, stated that Bitcoin and other cryptocurrencies could eventually replace the established Fiat currency system by 2030. “Overcoming regulatory...
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Bitcoin On-Chain Momentum Bullish Again, Traders May Push Prices Higher

While some analysts are still expecting Bitcoin (BTC) to fall further, it appears that fundamentals and on-chain metrics are starting to imply bulls have the upper hand.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is RiskyBitcoin Preparing to Head Higher Ahead of HalvingAdaptive Capital partner Willy Woo recently noted that...
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Compliant KYC Verification Doesn’t Require Users to Submit Identity Documents

Many cryptocurrency enthusiasts dislike the process of sharing identity documents with exchanges and other service providers PayTrie is experimenting with a different KYC solution, known as Express Verification.  Sharing sensitive identity verification documents with third parties carries significant risks. Simplifying KYC Verification More often than not, a data breach of a third party handling this...
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Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health

The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the...
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Ethereum Trapped Beneath Multi-Year Resistance as Analysts Target Further Losses

Ethereum and most major altcoins have been closely tracking Bitcoin’s price action as of late, and the aggregated market has been unable to find any decisive momentum over the past few weeks. This lack of momentum has caused ETH to hover around the $150 region as bulls and bears remain deadlocked.Analysts are now noting that...
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Weiss Ratings Downgrades EOS for Centralization

The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could...
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Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

HODL is such a popular trading strategy in the crypto community that it has transcended into a meme. HODLers are flexing their muscles as they refuse to sell even if they are in profits. Add to that the halving and we have the recipe for bitcoin rocket fuel. Many bitcoin traders laugh at the idea...
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Bitcoin On-Chain Momentum Is Crossing Bullish: Willy Woo

The past month has been a pretty challenging time for bitcoin HODLers, and cryptocurrency in general. There has been precious little to celebrate, save for the fact that prices could easily have gone lower still. So isn’t it about time we had some positive news? Luckily, who should pop up at just the perfect juncture,...
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Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

2019 is approaching its end, and while many crypto enthusiasts have marked 2020 as the next Bitcoin bull-run, it is mostly because of the anticipated halving event. While there is a consensus that the halving will propel Bitcoin price to new highs, some analysts see the cryptocurrency visiting lower values before we can even start...
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Analytics: Bitcoin Price Bottom is Close, Bullish Reversal to be “Strong”

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week back.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternWhile some say that the fact that Bitcoin failed to...
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Here’s how Bitcoin’s role in protesting movements is changing

Bitcoin and other cryptocurrencies emerged as a reaction to the inefficient traditional financial system and a growing crisis of confidence in these systems. Bitcoin has been used as an “escape valve” in countries with oppressive regimes like Venezuela and Zimbabwe and more than a decade since the creation of the Bitcoin genesis block, it can...
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Ethereum Istanbul Update: Less Than 4 Hours Left, What’s Happening

The long-awaited Ethereum Istanbul hard fork will take place at 12 AM GMT on December 8. Once again, most ETH nodes are waiting until the last moment to upgrade. Ethereum Nodes Wait to Upgrade Until Last Moment Based on Ethernodes, the percentage of nodes that had not upgraded with the Istanbul version was pegged at...
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BTC Bull Narrative Rushes Further As Selling Signals Dissolves

The BTC bull narrative seems to be going strong and as it was  reported by our Bitcoin news  just days ago, the opening of the current month was upsetting for Bitcoin (BTC) for only one reason: the open of the December candle sparked a “sell” signal for the currency’s price on the Market God v7...
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Binance.US vs. Coinbase Pro: Which Is Better for American Investors?

Cryptocurrency investors in the United States have two notable exchanges to choose from — namely, Coinbase Pro and Binance.US. Though there are several other options as well, these exchanges are operated by two of the most recognizable crypto companies in the world, both of which have a major U.S. presence. In this review, we’ll break...
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Millennials Choose Bitcoin As Part Of Their Retirement Plans

The popular San Francisco based cryptocurrency exchange Kraken adds support for the Swiss Francs (CHF) which is its latest fiat asset in the news. As a blog post on December 5th showed, the exchange said that the new update comes in a joint collaboration with the Liechtenstein based Bank Frick.The Swiss franc now joins a...
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Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital Currency

Another week, another round of Crypto Tidbits. Bitcoin saw an effectively flat week, gaining 0.08% over the past seven days according to Coin360.com. Altcoins have posted similar results, or rather, a lack of results, with a majority of cryptocurrencies posting gains or losses of a percent or two.Analysts from Bloomberg and other top industry firms are...
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Ethereum Client Forgets EIP Inclusion, Asks Users for Another Upgrade

Ethereum client Parity released an urgent announcement, admitting that they forgot to include an EIP in the latest upgrade. Ethereum’s Biggest Client Forgets EIP Inclusion A recent announcement posted by one of Ethereum’s biggest clients, Parity, came as a surprise. The service admitted that it forgot to include an EIP (Ethereum Improvement Proposal) into their...
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BitMEX Open Interest Is Still Dictating The Crypto Market Volatility

For some time Bitcoin price is traded at a tight range. Even, the few surges that happened from time to time, had for the biggest cryptocurrency the result of falling in the current range, over and over again. It seems as BitMEX Open interest is still responsible for the market volatility so let’s find out...
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North Korea Expands Monitoring Regime Of Crypto Related Media

Newest reports by the press in South Korea warned that the North Korean expands its monitoring regime of crypto-related social media as we are reading further in the latest crypto news. NK Economy reported yesterday that North Korean firm Marine Chain is actively observed the important names in the crypto and blockchain community.  This would...
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HEX Scheme Goes Live Reaching 80,000 Transactions

Enjin coin surged after the world-famous technology company Microsoft and the coin platform have teamed up to make the project named Azure Heroes, a project that gives prizes to contributors to the community for posting content, creating demos, building sample code, and blogging about Azure as we are reading further in the altcoin news today.There...
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Tables Turn: BIS Manager Urges Central Banks To Embrace Crypto

Enjin coin surged after the world-famous technology company Microsoft and the coin platform have teamed up to make the project named Azure Heroes, a project that gives prizes to contributors to the community for posting content, creating demos, building sample code, and blogging about Azure as we are reading further in the altcoin news today.There...
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While Markets Move Sideways, Crypto Whale Sightings Increase

While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have been observing large bitcoin whale movements. Transactions with tens of thousands of BTC have been noticed on the move from one wallet to another. On Friday, one colossal BTC holder moved over 50,000 BTC ($410 million) and cycled the...
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Ethereum not conservative enough to occupy Bitcoin’s niche: Andreas Antonopoulos

In an Ethereum Q&A session conducted on YouTube, Bitcoin and open blockchain expert, Andreas Antonopoulos spoke about the proposed Ethereum 2.0 hard fork, the ‘first-mover advantage’, and whether or not he thought Ethereum would become the next Bitcoin. Antonopoulos explained how Ethereum and Bitcoin store accounts and code in fundamentally different ways. Where Bitcoin uses...
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Blockchain-Based Bonds Worth $2.8 Billion Issued In China

DXM the crypto branch of the Dunamu the Korean market operator will offer safekeeping services in partnership with Ledger, known French hardware firm as we are reading in the coming blockchain latest news today.Ledger who is the producer of the most popular hardware wallets of the Nano series will offer safekeeping with institutional-grade quality, reports...
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Bitcoin Forming Bullish Long-Term Bottom Formation; Key Levels to Watch For

Bitcoin (BTC) has been able to incur some decent upwards momentum in the time since its faced a strong and swift rejection around $7,800, as it has since climbed up towards $7,600.Analysts are noting that this recent price action may point to the possibility that Bitcoin is forming a bullish long-term bottom formation, which comes...
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Bitcoin Dying? This Bullish Metric Just Notched a New All-Time High

The number of bitcoin addresses with any balance exceeded its January 2018 high. Even though the metric is not perfect, it provides a rough estimate of bitcoin’s adoption rate. The synchronicity in the growth of this metric and the explosion of dormant bitcoin addresses suggests accumulation. Most people only refer to the price of bitcoin...
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SEC Asks The English High Court To Force Telegram’s Advisor To Testify

The California based financial firm SoFi has recently acquired a BitLicense from the New York State Department of Financial Services (NYFDS) as the regulator announced in an official statement on December 3. Now that SoFi obtains a BitLicense, the company is one of the 24 cryptocurrency-related businesses which are legal to operate in the state.According...
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