December 8, 2019

Current Bitcoin Price Trajectory Similar to May 2018, Prior to $3,000 Drop: Analyst

Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty,...
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TheLitecoinApp Turns one Year old and is Still Free of Charge

Although Litecoin is often criticized for a lack of development, the community tends to come up with new solutions. One user has developed TheLitecoinApp, which gives users access to everything Litecoin-related. Although one could easily find Litecoin-related resources online, having them all in one app adds a degree of convenience. TheLitecoinApp is a Great Addition...
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Understanding the Chilean social crisis and Bitcoin’s potential impact on its people [INTERVIEW]

Chile is one of the most prosperous and politically stable countries in Latin America, according to its president, Sebastián Piñera. In an interview with the Financial Times in October, Piñera affirmed: “Chile looks like an oasis because we have a stable democracy, the economy is growing, we are creating jobs, we are improving salaries and...
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A List of Self-Proclaimed Bitcoin Inventors and Satoshi Clues Debunked in 2019

Since the inception of Bitcoin, a variety of unique individuals have come forward saying they invented blockchain technology. In 2019, a few more self-proclaimed Satoshis came out of the woodwork, alongside evidence pointing toward other individuals who could have used the moniker. So far, clues examined this year still haven’t revealed a smoking gun and...
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ETH Client Parity Forgets To Include EIP In Urgent Upgrade

ETH client Parity admitted to forgetting the release of the EIP in the latest upgrade as per the urgent announcement which was reading more about in today’s ethereum news. According to the recent announcement posted by the ETH client Parity, which is one of Ethereum’s biggest clients, the service admitted that it forgot to include...
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Weiss Ratings Slides EOS Down The Ranks Due To Centralization

The developer behind EOS, Block.one, recently said that it will be ready to launch the EOS Voice Beta version for the forthcoming social networking platform on February 14th, 2020. As the company behind EOS and the EOSIO protocol said, Voice was scheduled in June this year via social media.Basically, this is a new social media...
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Ethereum Completes Istanbul Hard Fork, but Buyers Aren’t Too Excited

Ethereum’s price action has been closely correlated to Bitcoin’s over the past several weeks, leading ETH’s price to dip into the lower-$150 region, which is where it has been able to find some levels of support.Ethereum’s much-anticipated Istanbul hard fork has come about concurrently with ETH’s ongoing downtrend, and it appears that investors are not...
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Korean Government Will Impose Crypto Capital Gains Tax In 2020

Aside from the news that the largest bank in Japan recently denied the claims of releasing a digital currency, the Bank of Japan (BOJ) Governor Haruhiko Kuroda is in the news now, stating that there is no demand for a central digital currency (CBDC) by the public in the country.Kuroda had a speech at the...
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Aggregate Crypto Market Cap Is $205BLN, 0.25% Of Global Stock Market

The latest altcoin news and rumors are showing that there are so many cryptocurrencies which are able to dethrone Bitcoin (BTC) now – well, at least in terms of surges. Today’s analysis features six altcoins which recently made impressive gains and rose more than the most dominant coin out there.Currently, some of the best altrnative...
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PBoC Issues Financial Bonds Over its Private Blockchain

China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans,...
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Parity Ethereum criticised for releasing emergency patch, days before Istanbul

While Ethereum‘s Istanbul upgrade was deemed successful, it was, however, not all smooth-sailing. The upgrade that went live on block 9,069,000, introduced six Etheruem Improvement Protocols, and all the major clients such as Geth, Parity, Aleth, Besu, Nethermind, and Aleth had released version that would be compatible with Istanbul, and the result of failing to...
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XRP’s bull flag pattern could hoist price high

XRP’s price was hovering between the $0.21-$0.25 range for a long time now. A much-needed breakout to the positive side could be in the offing as XRP bulls take position to take over. The coin was trading at $0.23 after a surge by 2.14% over the last 24-hours, at press time. Additionally, according to data...
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ETH Price Stable After Istanbul Hard Fork: Analysis

The major accounting giant Ernst & Young has recently released its open source code which improves the privacy and transaction efficiency for Ethereum (ETH). As we can see, Ethereum gets new boost from the major accounting firm – an update which comes just days before the network undergoes an upgrade which will further reduce its...
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Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

This year is coming to its end, and, naturally, it’s time to wonder what’s the next big thing in the world of Bitcoin. CryptoPotato had the chance to meet and talk with one of Bitcoin’s most famous proponents and industry experts, Anthony ‘Pomp’ Pompliano, co-founder and managing partner at the venture capital fund Morgan Creek...
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Wyckoff Schematic Suggests Bitcoin Bottom Not In at $6,600: Analyst

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...
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Bitcoin Usage in Nigeria Surging Despite Govt. Caveats

The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care.  Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria,...
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MakerDAO founder: Govts need not be ultimate judge on regulating stablecoins

The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around the world have been either regulating cryptocurrencies or completely banning them, while a few others are still in the process of figuring out how to...
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Crypto Market is 0.25% of Global Stock Market: Can Bitcoin Catch Up?

While the creation of Bitcoin has spawned an entire industry of cryptocurrencies and blockchains that are used by individuals around the world, this nascent market remains small.Related Reading: Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital CurrencyAs Mati Greenspan, founder of Quantum Economics and a former eToro senior analyst,...
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Litecoin could profit from descending channel pattern breakout

Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and  24-hour trading volume...
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Beam, BCH and Zcash Will Join BTC in Halving Their Mining Rewards

There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to...
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Analyst that called Bitcoin’s drop to $3,000 in 2018 says the “bottom could be in”

On Nov 25., the price of Bitcoin fell off a proverbial cliff, tanking from $7,000 to $6,500 in a move that shocked traders the industry over. Since then, the cryptocurrency market has stabilized, with BTC, for instance, now finding itself nearly 15 percent higher than it was at the lows of that one fateful day....
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Bitcoin Buyers Grow Aggressive; is a Rally Around the Corner?

After incurring a significant influx of volatility earlier this week, Bitcoin (BTC) has been able to gain some tempered upwards momentum as its buyers attempt to push it up towards its near-term resistance that exists at $7,800.This momentum comes about as buyers grow aggressive at BTC’s near-term support levels, which one analyst believes is a...
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Monero: ‘Size of mining bots on RandomX will be smaller’

Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm from CryptoNightR to RandomX. The new algorithm not only puts ASIC miners at a disadvantage but also limits GPU mining to an extent. The...
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As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600. The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once. Besides, the RSI is showing strength due to the negative...
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Four Crypto Projects to Keep Tabs on in 2020

The cryptocurrency world has more than its fair share of self-proclaimed clairvoyants. Whether it’s traders predicting great things for a digital token that’s set to launch, or a journalist touting the next groundbreaking Web3 project, future-gazing is a popular pastime.With so many crypto projects in the offing, and so many supposed psychics pulling you in...
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Stablecoin DAI will not be pegged to USD alone: MakerDAO founder

Last month, MakerDAO rolled out its Multi-Collateral DAI [MCD] which is supported not just by Ethereum but also Brave’s Basic Attention Token [BAT], as opposed to its Single-Collateral DAI [SAI] which restricted its support to Ethereum alone. While this seems to be successful as the total DAI in circulation surpassed 50 million, the possibility of...
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Learn How to Avoid Paying Coinbase Fees | Updated

Coinbase is one of the most highly secure and reliable exchanges on the market, supporting directly purchase cryptocurrencies with fiat, but this security and convenience come with a cost. Coinbase is also known for its high fees, and if you are a trader that makes frequent withdraws and trades, these fees can really take a...
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What Are Bitcoin Price Gaps? How Can They Affect The Price?

There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies. Price gaps, for example, are something seen quite regularly within traditional...
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Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money

Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ –...
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How many Bitcoins should you own to stay a millionaire?

Bitcoin’s price collapse creates opportunity to buy more BTC, but how much? When AngeloBTC, BitMEX‘s ex-top trader tweeted that Bitcoin would dip into the $6,000 zone on October 15, most of the traders were skeptical and asked him to delete the tweet, stemming from disbelief that BTC wouldn’t dive that deep. 38 days later, BTC...
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