Month: July 2018

Ripple Mining (aka XRP mining)

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As a cryptocurrency information resource, we get a lot of questions. We make every effort to provide helpful answers in plain English and, of course, user questions give us a lot of information too. They let us know what newcomers to the space find important, difficult, or confusing. One question which has been coming up a lot lately is… How Do I Mine Ripple (also known as XRP)? Well, to answer it simply, you can’t. In fact, many of the coins we’re used to seeing in the coin price rankings…

What is Ethereum – A Non-Technical Guide for Beginners

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Today we’re going to explain in depth what is Ethereum. Don’t worry, the whole explanation will be non technical and easy to understand. What you will learn in this video What Ethereum is How Bitcoin contributed to the concept of Ethereum Ethereum’s goal and the centralization of the Internet What smart contracts are, their pros and cons What is Ether – Ethereum’s currency The Ethereum Concept Started with Bitcoin Before we get into Ethereum we need to do a quick recap about Bitcoin, since it’s the basis from which Ethereum…

Bitcoin News Summary – July 2, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   Facebook will rescind its ban on crypto ads across its social media platform. The ban was instituted in January. The move stoked rumors that Facebook is intending to launch its own crypto or even acquire US exchange giant, Coinbase. For now, all that’s clear is that crypto ads will be reaching more eyeballs. Silicon Valley investment firm Andreessen Horowitz introduced a new $300 million Dollar crypto venture fund, known as a16z crypto.  The fund will invest globally into crypto…

Bitcoin News Summary – July 9, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   Crypto’s combined market cap rose over 15% from $233 billion late last week to its current level of $270 billion. Trading volumes on Binance and Houbi exchanges were up by over 100% over the last 10 days, with the volume on South Korean exchange Bithumb increasing by 230%. South Korea intends to legalize crypto and related companies. This will establish a firm legal basis for crypto in the country. Further details are expected later in the month. Binance deposits…

Bitcoin News Summary – July 16, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   The Bancor platform was hacked for $23.5 million in Ethereum and other tokens. The Bancor Network was taken offline until Wednesday. Bancor’s ICO raised roughly $153 million in 2017. French hardware wallet manufacturer, Ledger, sold in excess of 1 million units during 2017. Ledger made a profit of 25 million Euros on over 45 million of sales. The company is now looking towards crypto vaulting for institutional investors. The non-profit Litecoin Foundation has acquired close to a 10% stake…

Bitcoin News Summary – July 23, 2018

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Here’s what happened this week in Bitcoin in 99 seconds. BlackRock, the world’s largest asset manager with $6.3 trillion under management, announced on Monday that it’s considering Bitcoin for investment purposes. The firm’s CEO, Larry Fink, said that BlackRock is putting together a team to study cryptocurrencies. Coinbase apparently received regulatory approval from US market regulators, the SEC and FINRA, to acquire three companies. These firms would allow Coinbase to list security tokens, such as ICOs. However, Coinbase walked back the announcement, stating that regulators have not given the official…

Bitcoin Cash Price Analysis: BCH/USD Could Retest $860

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Key Points Bitcoin cash price is trading with a positive bias above the $800 support against the US Dollar. There is a major bearish trend line in place with resistance near $830 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to break the $830 resistance to climb higher towards the $860 resistance. Bitcoin cash price is likely to trade higher above $840 against the US Dollar. BCH/USD may perhaps test $860, which is a key resistance for buyers. Bitcoin Cash Price Resistance There…

EOS Price Watch: Watch Out for a Triangle Breakout

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EOS Price Key Highlights EOS has formed lower highs and higher lows to consolidate inside a symmetrical triangle. Price is approaching the peak of the formation, so a breakout could be due soon. Technical indicators are showing mixed clues on which way price might break out, though. EOS price is consolidating in a symmetrical triangle pattern and is approaching the peak to signal that a breakout is looming. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to suggest that the path of least resistance is to…

Bitcoin (BTC) Price Watch: Watch These Upside and Downside Barriers

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Bitcoin Price Key Highlights Bitcoin price is currently consolidating in a short-term symmetrical triangle, and the breakout could determine direction. An upside break could move all the way up to the next upside barrier around $9,000 while a downside move could hit $7,000. Technical indicators are giving mixed signals, but there is evidence of bullish momentum picking up. Bitcoin price is stuck in consolidation, and the breakout could hit these next upside or downside barriers marked. Technical Indicators Signals The 100 SMA is safely above the longer-term 200 SMA on…

Bitcoin (BTC) Price Technical Analysis

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SEC is taking a cautious stand and while Bitcoin (BTC) traders digest the news, it did register decent gains. In the last week for example, it’s up 10 percent adding to week ending July 22 buy demand. This recovery is likely opening up doors for a bullish Q3 2018. From the News Perhaps the disapproval of Bats BZX Exchange by the US Securities and Exchange Commission (SEC) to list the Winklevoss Bitcoin ETF dominated headlines over the weekend.  It might also the reason why the price of BTC took a…