Day: August 27, 2018

Tom Lee Remains Firm on His $20000 BTC Target, VC Anthony Pompliano Predicts Downfall

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The cryptocurrency market is seen trading around $210 billion valuations for the last week. After the dramatic fall in the valuations of altcoins ten days back, Bitcoin has turned out to be the ultimate hope of investors which can turn the market sentiment positive. While recently speaking at CNBC’s Trading Nation, bitcoin bull and co-founder of Fundstrat Global Advisors – Tom Lee – said that he is still firm on his BTC target of $20000 before the year-end. Wondering where #bitcoin is going next? @fundstrat’s Tom Lee says this could…

Bitcoin Price Watch: BTC/USD Forming Breakout Pattern Above $6,600

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Key Points Bitcoin price is trading in a contracting range with support above the $6,600 level against the US Dollar. There is a major contracting triangle in place with resistance around $6,740 level on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either above $6,750 or below $6,600 in the near term. Bitcoin price is trading in a positive zone above $6,610 against the US Dollar. BTC/USD is preparing for the next move either above $6,750 or below…

Bitcoin Shows Relative Strength While ICOs Fall Over 90% From ATHs

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Although Bitcoin maximalists can sometimes be over the top, in this bear market, their ideology may hold some credence, as some ICOs have tumbled by over 90% from all-time highs. Oh How The Tables Have Turned As some may remember, BTC entered 2017 worth approximately $1,000 a piece, towering over the crypto market by holding an 87% lions share of the collective capitalization of all crypto assets. At this time, Bitcoin maximalism was near its peak, as the asset had continually proven itself to be a reliable investment and project, even in the…

Bitcoin Mining is Big Business in Montana: US Senator Works to Protect Industry

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Bonner and Butte, Montana are home to two of the largest bitcoin mining facilities in North America. They’re also subject to a major energy producer in the state, the Colstrip power plant, which is due to be shut down. Bitcoin mining has become such a potential windfall for the state economy, one of its congressional representatives, Senator Steve Daines, openly worried closing of the plant could kill its crypto golden goose. Also read: Bitcoin Journalist Pioneer: Jamie Redman Has Over 2,000 Articles Published US Senator from Montana Defends Bitcoin Mining…

Cardano Price Analysis: ADA/USD Rising Steadily Towards $0.10

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Key Highlights ADA price has formed a support base near the $0.0920 level against the US Dollar (tethered). There is an ascending channel in place with support at $0.0925 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to rise slowly towards the $0.0980 and $0.1000 levels in the near term. Cardano price is trading in a bullish zone against the US Dollar while declining versus Bitcoin. ADA/USD is likely to climb higher towards the $0.1000 level as long as it is above…

With Nearly $200 Million on the Line, EOS Is Building A Voting System

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There’s an account on the EOS blockchain with $35 million worth of tokens in it that no one can touch – and its balance is growing constantly. At the end of EOS’ first 12 months as a live blockchain, this account (called eosio.saving) will be worth close to $192 million, assuming the recent EOS market price of $4.79. In theory, that money is being set aside to fund all sorts of initiatives that might be beneficial to the EOS community: building out new tech features, conducting security audits, sponsoring meetups, hiring…

Bitcoin News Summary – July 30, 2018

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Here’s what happened this week in Bitcoin in 99 seconds. The price upswing of Bitcoin this week was attributed to bullishness over a possible Bitcoin ETF and also Chinese inflows following the devaluation of the Yuan as a response to Trump’s new trade tariffs. The Chicago Mercantile Exchange tweeted that Bitcoin futures trading volume had grown by 93% over the second quarter of this year. Much of the buzz this week was around the likelihood of the SEC approving the Chicago Board of Exchange’s application for a Bitcoin Exchange Traded…

11 Ethereum Wallets Dissected and Reviewed – 2018 Updated

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Today we’re going to talk about Ethereum wallets – those pieces of software, or hardware, that allow us to interact with the Ethereum network. Here’s what we’ll go over: Introduction Accounts and addresses Sending Ether Types of wallets MyEtherWallet Hardware Wallets MetaMask Exodus Jaxx MyETHAddress – Paper Wallet Units of Ether Ethereum Gas Conclusion Ethereum wallet comparison Don’t like to read? Watch our Video guide instead  Introduction – We’re not in Kansas anymore At its core, an Ethereum wallet, also known as a client, holds your private key –…

Bitcoin News Summary – August 6, 2018

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Here’s what happened this week in Bitcoin in 99 seconds. The unexpected price drop in Bitcoin last week likely resulted from a failed margin call on a massive position on Hong Kong’s OKEx exchange. A highly-leveraged position, representing about $416 million, had to be liquidated by the exchange once it started losing. However, the unidentified trader behind the position did not have the funds to cover it and neither did the exchange. Other trader’s profits, worth about 1,200 BTC in total, were used to cover the shortfall. ICE, the operator…

Bitcoin News Summary – August 13, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin continues to outperform altcoins, reaching over 51% of the total crypto market cap this week. The story behind this week’s $900 price drop was the SEC’s decision to delay its decision on the highly-anticipated Bitcoin ETF until September 30th. Agency officials want more time to consider the approval of the VanEck SolidX Bitcoin Trust. Bitcoin Core developer Cory Fields revealed that he’d alerted the Bitcoin Cash developers to a fatal flaw in their code. Fields said that the…