January 4, 2020

Bitcoin is on the Cusp of a Major Price Movement

Bitcoin struggles to move out of the consolidation phase that began in late November 2019. Here’s what it would take to trigger a BTC breakout. Bitcoin Technical Analysis After peaking at nearly $14,000 in June 2019, Bitcoin went through a corrective period that saw its price drop over 50%. The significant selling pressure took BTC...
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Bitcoin, Libra usage may normalize avoidance of credit card payments

Over time, Bitcoin has come to be appreciated and accepted in the financial industry owing to various reasons. Its decentralized manner and the absence of central control has been one of its crucial properties while the narrative of Bitcoin as a store-of-value has picked up traction over the last 2 years. Although Bitcoin and other...
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Bitcoin advocate claims future will see emergence of thousands of cryptos

Andreas Antonopoulos, author of Mastering Bitcoin and a well-known Bitcoin advocate, recently spoke about whether there would be a scenario where Bitcoin becomes the primary currency or a scenario of dual currencies, where it would exist alongside fiat. In an interview with WhatBitcoinDid, the author painted a scenario where there will “emerge a few economic...
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CME’s Bitcoin Futures drop premium rates for March 2020 contracts

An influx of institutional investors and the growth of Bitcoin‘s derivative market was a major highlight of 2019. The introduction of Bakkt BTC Futures, Fidelity’s interest in crypto and the launch of the Binance Futures trading platform, all came soon after Bitcoin’s significant rise between April and May. Many considered the development of the derivatives...
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ShapeShift CEO addresses crypto-maximalism, fights between communities

As the Internet emerged, it soon became a fertile ground for unsolicited and tribalistic behavior. With the emergence of blockchain technology and the crypto-industry, there has been a rise in the field’s own brand of tribalism and “maximalism.” While Bitcoin and other cryptocurrencies still have a long way to go in terms of becoming a...
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This Scary Fractal Suggests Bitcoin Price Is On Its Way to $3,000

Over the past few weeks, Bitcoin (BTC) has been consolidating in the range around $7,000, seemingly stuck in between a rock and a hard place. Indeed, the cryptocurrency has many times bounced in the mid-$6,000s, where there is macro support, and has been rejected multiple times in the resistance band around the high-$7,000s.Related Reading: Why...
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Bitcoin interests western developed nations as it enables 21st-century applications

Bitcoin, the largest cryptocurrency in the market, successfully marked its 11-year anniversary by drawing the attention of retailers, traders, institutional investors, governments, and financial regulators around the world. The king coin was the main subject discussed by Andreas Antonopoulos, author of Mastering Bitcoin, in an interview on WhatBitcoinDid. Speaking about the reason why people need...
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Why Bitcoin and Crypto will be Properly Understood Much Later?

Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers...
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Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour

Digital currency influencers have started an auction to raise money for Ross Ulbricht who is serving a double life sentence for his involvement with Silk Road. There are lots of unique items for auction including artwork, physical coins, and other collectibles. Additionally, the crypto community has been discussing a bet analyst Ronnie Moas made with...
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Galaxy Digital-backed BlockFI reveals plans for product expansion in 2020

Cryptocurrency lending startup backed by Galaxy Digital and Winklevoss Capital, BlockFi, recently revealed its plans to expand its suite of products for 2020 by adding support for USD Coin (USDC) and Litecoin (LTC). The announcement was made by the crypto-lender in a letter penned by Founders Zac Prince and Flori Marquez, dated 2 January. The...
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Bitcoin, Ethereum, and XRP may be preparing for a breakout

Thus far, 2020 seems to have brought back volatility into the cryptocurrency market. On Jan. 2, the entire market capitalization dropped nearly 4 percent, but the next day $14 billion were injected into the market. Now, it seems like Bitcoin, Ethereum, and XRP could be preparing for a significant price move. Bitcoin (BTC) On Jan....
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Coinbase CEO predicts emergence of ‘crypto startup’ in 2020

Brian Armstrong, CEO and Co-founder of Coinbase, is the latest to join the crypto-predictions bandwagon for the year 2020. Drawing parallels to how tech startups leverage the Internet and machine learning presently, he predicted that most tech startups will have a “crypto component” by the end of the decade. Talking about emerging markets, Armstrong, in...
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Bitcoin’s Lightning Network requires liquidity for better performance

Towards the end of 2019, Bitcoin‘s Lightning Network started to gain traction again after noted crypto–exchange Bitfinex added support for Bitcoin’s 2nd layer payments protocol. Blockstream’s Liquid network and Bitrefill soon followed suit, implementing Lightning channels on their own platforms as well. During the latest episode of Bitcoin and Co, Lisa Neigut, Lightning Developer at...
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Ripple Payments: See Where You Can Pay with Ripple in 2020

XRP is one of the top three cryptocurrencies on the market, and due to its status, there are many services and merchants where you can make Ripple payments. Of course, there are currently over 780 online shops and services where you can pay with Ripple, but we will only include a few of them in...
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Monero’s Salazar: Education on privacy crucial to Monero making headway

Monero, the largest privacy-oriented cryptocurrency, has seen tremendous growth in the market lately. However, compared to Bitcoin, the fungible cryptocurrency still has a long way to go. This was one of the topics discussed by Diego Salazar, a prominent member of the Monero community, in an interview with AMBCrypto. When asked whether Monero would follow...
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Bitcoin Needs More Gym Friends in 2020

Samson Mow, CSO of Blockstream, demonstrates to all of us why the bitcoin community needs a little more testosterone heading into 2020. | Image: shutterstock.com Infamous “Gym Friend” meme contains lessons for the bitcoin community in 2020. Campaign of frantic censorship and deflection highlights a lack of reasoned leadership at Blockstream. The cryptocurrency space needs...
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Is There a Correlation Between Bitcoin Active Addresses and The Price?

Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a...
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Crypto Fundraising Is Changing Again in 2020

Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they can’t be expected to finance an...
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Cardano to be most predominant force by 2020-end: Charles Hoskinson

The Cardano ecosystem has long been touted as one of the most innovative blockchain networks in the industry. The CEO of IOHK, the company behind Cardano, Charles Hoskinson, hopes that ADA will be the most predominant force in the cryptocurrency space by the end of 2020 and expects it to become a true social operating...
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How 2020 Will Become The Year of The Crypto Stablecoin

The past two years have opened the eyes of the world to crypto currencies. Showing particular interest has been central banks with a number of them developing their own stablecoins and more will be arriving this year. Year of the Stablecoin Many of the existing stablecoins may simply disappear under an avalanche of better alternatives....
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Bitcoin’s single biggest vulnerability is financial privacy: Matt Odell

Bitcoin wallets and their safety have been one of the primary concerns lately in the crypto-community, in light of the fact that crypto-wallets contain information on the secure private key that is used to access Bitcoin addresses and carry out transactions. With the increasing number of cyber-attacks and online thefts in recent times, tensions over...
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Report: Bitcoin and crypto adoption surging despite bear market

According to the latest Coin Metrics report, 2019 has been a record-breaking year when it comes to crypto adoption. Addresses with a balance of at least $10 increased for most of the major cryptocurrencies, as did their prices, showing that the retail market was thriving despite pessimistic predictions. Coin Metrics state of the market report...
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3 Reasons why Bitcoin Market could be Worth $1 Trillion this Year

Bitcoin price predictions are always a point of contention. They have ranged from mind-blowing seven-figure surges to more sedate extrapolations of current market conditions. One industry executive thinks it is quite plausible for BTC to be $50k by the end of 2020 and here’s why. Speaking to Bloomberg, Nexo founder Antoni Trenchev said that company...
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Looking for Liquidity: How Crypto Exchanges Can Draw From Other Sources

Crypto exchanges need to attract volume and liquidity in order to operate efficiently. Can liquidity providers make that happen? Liquidity is the degree to which a crypto asset can be bought or sold without any effect on its market price. This is highly important in the context of crypto exchanges, as they must have plenty...
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Bitcoin Cash’s adoption metrics for Australia accused of being fabricated

Over the course of 2019, Bitcoin Cash had registered impressive adoption metrics in Australia. As reported previously, Roger Ver’s BCH was advancing its retail trade and outperforming the likes of even Bitcoin, ETH, and Litecoin by a huge margin in the land down under. According to the presented data, BCH had registered sales of $36,430...
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Ethereum’s Muir Glacier Hard Fork Reduces Block Time To 12 Seconds

Ethereum’s latest hard fork has proven beneficial for the network. As Muir Glacier upgrade completes, network statistics are generated. As per this statistics report, ETH Block mining time has reduced by 25% to only 12 seconds from 17sec. Muir Glacier hard fork had another important update for delaying the impending IceAge. As a result, the...
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Binance US Joins Chamber Of Digital Commerce As Executive Member

The US Subsidiary of Binance has become a member of the Executive Committee of the  Chamber of Digital Commerce. The aim of this incorporation is to work closely with policymakers, regulatory agencies, and industry peers. Further, the exchange claims to bring education, advocacy, and industry-wide regulatory development forward with the Chamber.  Binance US is part...
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LTC Price Surges As Litecoin Adds New Multisignature Wallet

Litecoin Foundation has announced a partnership with Bitgo Wallet to provide custody services. The firm announced the news of a new multisignature wallet on Twitter on Jan 3, 2020. The LTC price has skyrocketed since this announcement.  Litecoin Price Analysis: The new custody wallet news has sent the crypto market into a frenzy. There is...
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Bitcoin as a reserve currency may only follow an economic collapse

It was no surprise that Bitcoin was birthed in the aftermath of the collapse of the traditional financial market. Corruption in banks and governments positioned the cryptocurrency, untethered from both realms, to make its mark on public minds and thereby become a beacon for financial freedom. More than a decade later, Bitcoin is seen more...
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Bitcoin Price Analysis: Back In Action, Facing Huge Resistance – $8000 Or $6800 Next?

Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price. As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten...
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