Day: November 5, 2018

The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit

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In today’s edition of The Daily, we look at a successful funding round for a developer of a popular cryptocurrency-powered game. We also report on a famous early entrepreneur in the Bitcoin space who has been accused of stealing money to buy Maserati cars, big powerboats and luxury real estate. Also Read: Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert Google and Samsung Investin Crypto Kitties Developer Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced…

Bitcoin Price Eyes Move to $6.8K After Bull Breakout

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Bitcoin could be about to make a move towards $6,800, having witnessed a bullish triangle breakout yesterday. The leading cryptocurrency, which had been in a narrowing price range, closed at $6,423 yesterday, confirming an upside breakout. With the move, the bulls look to have come out victorious in a months-long tug-of-war with the bears. However, BTC is struggling to find acceptance above the immediate resistance of the 50-day exponential moving average (EMA), currently at $6,450. However, the EMA hurdle could be crossed in a day or two and prices could…

China’s Central Bank Extends Its Regulatory Scrutiny to Crypto ‘Airdrops’

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China’s central bank, the People’s Bank of China (PBoC), has widened its scrutiny to include token airdrops, which it characterized as “disguised” Initial Coin Offerings (ICOs) in its 2018 financial stability report, published Nov. 2. Using by now familiar rhetoric, the report reiterates the bank’s stringently anti-ICO and crypto trading stance, defining the former as “illegal” fundraising, and pointing to the widespread risks of financial fraud and pyramid schemes. Signalling a new area of focus, the report warns that so-called “airdrops” are evading regulation around the public token sale model…

Bitcoin Price Watch: BTC/USD Turned Bullish Above $6,400

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Key Points Bitcoin price surged higher recently and broke the $6,350 and $6,375 resistances against the US Dollar. There was a break above a major contracting triangle with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded towards the $6,475 level and it is currently correcting lower. Bitcoin price moved into a bullish zone above $6,375 against the US Dollar. BTC/USD is correcting lower, but it is likely to find support near $6,380 or $6,375. Bitcoin Price Analysis After testing the…

Bitcoin Cash Volume Surges 7x to $1.4 Billion, Crypto Market Recovering

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Twitter Facebook LinkedIn Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. The volume of Bitcoin, led by an abrupt surge in volume in the cryptocurrency exchange market of South Korea and the BTC-to-KRW trading pair, increased from $3.1 billion to $4.4 billion within a span of seven days, increasing…

Bit.ly Reportedly Blocks ‘200’ Links From Andreas Antonopoulos’ ‘Mastering Ethereum’

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Social media commentators are criticizing URL shortening service Bit.ly (Bitly) after a Twitter user warned Andreas Antonopoulos Nov. 3 that the service had blocked crypto-related links from his book. Antonopoulos, author of several well-known guides to Bitcoin, quizzed Bitly on Twitter over the block, which allegedly extends to over 200 links in ‘Mastering Ethereum,’ due for publication in around four weeks. “Why are you blocking http://bit.ly links to crypto-currency sites?” he asked, adding: “I’m about to publish my 4th book and it has about 200 http://bit.ly links in it. If…

Bitcoin Exchange Deribit Looks to Become the New Playground for Margin Traders

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Trading of cryptocurrency is slowly gaining traction as more people realize that these tokens and coins are here to stay and won’t fade away. Many are also interested in the token play for monetary benefits. Having heard stories of people making fortunes by investing in early tokens has still kept many people interested in the crypto verse. As the crypto industry is evolving, a lot of products and services that were available before only for equities and other financial products are slowly making their way to crypto trading as well.…

Bitcoin News Summary – November 5, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.  Former US congressman and famous Libertarian, Ron Paul, advocated for the abolition of all taxation on cryptocurrencies. Paul said such a move may prevent recession. He also supported President Trump’s recent criticism of the Federal Reserve. Venezuela’s state cryptocurrency, the Petro, was officially launched. However, reports indicate that only Petro certificates are currently being sold, not actual crypto coins. South Korea’s central district court ruled that banks may not terminate partnerships with crypto exchanges without good reason. The country’s…

Platform Pairs Clients With Financial Experts

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The Taiwan-based Bincentive project, an innovative crypto trader service provider in Asia, developed the idea of matching their clients with trading experts. On Bincentive’s platforms, clients are matched with trading experts and can follow an experts’ actions in crypto markets. Furthermore, clients have the option of having the expert initiate the same trades simultaneously. These experts receive a pre-deposited compensation that is paid when a trader hits the target and has positive gains. How does financial matchmaking work? Founded in July 2018, Bincentive is aimed at creating a smart mirror…

Cardano Price Analysis: ADA/USD Buyers In Control, $0.080 Next?

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Key Highlights ADA price traded higher recently and broke the $0.0750 resistance against the US Dollar (tethered). There are two bullish trend lines in place with support at $0.0740 and $0.0730 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains well supported and buyers could attempt to push the price towards $0.0800 in the near term. Cardano price is moving nicely against the US Dollar and Bitcoin. ADA/USD is likely to continue higher towards the $0.0800 and $0.0810 levels. Cardano Price Analysis In the…