Day: December 18, 2018

24/7 Trading Of All Types of Assets Is The Future

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Shin asked her guests whether crypto assets are a new asset class. Hayes said that he think it’s a “blend.” He pointed out that Apple’s cash reserves outsize the whole market capitalization of cryptocurrency. Arthur Hayes, the CEO and co-founder of BitMEX, an exchange which has done almost $1 trillion in volume over the past year, spoke on the most recent episode of Laura Shin’s Unchained podcast from the CME Global Leadership Conference in Naples, Florida. Shin asked her guests what they thought the future of blockchain technology would look…

Bitcoin Price Watch: Can BTC Buyers Keep The Rally Going?

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Key Points Bitcoin price rebounded nicely and broke the $3,380 and $3,460 resistances against the US Dollar. There is a short term contracting triangle formed with support at $3,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct lower towards $3,400 or $3,355 before a fresh upward move. Bitcoin price rallied more than 10% above $3,550 against the US Dollar. BTC is currently correcting lower, but it could find support near $3,400 or $3,355. Bitcoin Price Analysis Yesterday, we discussed that further gains…

Zurcoin Co-Founder Alleges Most Exchanges Manipulating Cryptocurrency Market

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  Zurcoin co-founder Daniel Mark Harrison has alleged that the majority of crypto exchanges are actively engaged in manipulating digital asset markets, which threatens the long term stability of the market and also fundamentally contradicts cryptocurrency’s principle of decentralisation. In a post published on his Medium page, Harrison stated that exchanges are effectively stealing from their customers by acting in ways that move crypto prices downward until customers simply abandon their holdings, enabling exchanges to increase their crypto asset holdings through the back door in an operating climate that is…

Crypto Market Turns Green: EOS, Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis

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Key Points The total crypto market cap bounced back and moved above the $110.00B resistance zone. EOS price rallied more than 30% and climbed above the $2.50 resistance. Cardano (ADA) price moved above the $0.0300 and $0.0320 resistance levels. Setllar (XLM) gained more than 15% and traded above $0.1100. Dogecoin price rallied more than 20% and climbed above $0.0025. The total crypto market cap surged higher above $110.00B. Bitcoin, Ethereum, ripple and altcoins like EOS, Cardano (ADA), Stellar (XLM) and Dogecoin rallied sharply. EOS Price Analysis After struggling a lot…

Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’

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A Hong Kong Stock Exchange (HKEX) spokesperson has called Bitmain’s alleged hesitation around a purported initial public offering (IPO) “rumors,” in an email to Cointelegraph Dec. 17. When asked for verification and details on the crypto mining firm’s IPO status, the spokesperson responded that “HKEX does not comment on rumors.” Blockchain and crypto media had previously reported that the exchange was “hesitant” to host its IPO because of market conditions surrounding the overall crypto mining business. Anonymous sources have reportedly claimed that “the exchange is very hesitant to actually approve…

Ripple Price Analysis: XRP’s Rally Could Extend To $0.3500-0.3600

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Key Highlights Ripple price rallied recently and broke the $0.3000 and $0.3200 resistances against the US dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.2850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.3300 resistance and it may continue to move higher in the near term. Ripple price jumped back in a bullish zone against the US Dollar and Bitcoin. XRP/USD could continue to move higher towards the $0.3500 resistance zone. Ripple Price Analysis There was a…

Ethereum Price Analysis: ETH Turned Buy On Dips Above $90

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Key Highlights ETH price traded higher recently and broke the $89-90 resistance area against the US Dollar. There was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as high as $97 and it is currently consolidating gains above $90. Ethereum price made a nice bullish move against the US Dollar and bitcoin. ETH/USD is now trading in a bullish zone and it may find a strong support near $89-90. Ethereum Price Analysis After…

Mooniversary: Bitcoin (BTC) Hit $20,000 1YA

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“Happy Mooniversary,” Yell Bitcoin Enthusiasts One fateful year ago, Bitcoin (BTC), the world-renowned digital asset, hit $20,000 on a majority of exchanges amid 2017’s jaw-dropping, unprecedented “speculmania” that took the entire globe by storm. Now, on December 17th, 2018, a number of crypto’s most prominent commentators have taken to Twitter to commemorate that day in Bitcoin’s relatively short ten-year history. (Altcoin) Thoreau, who goes by the handle “PrintingUSD” in a likely reference to the U.S. FED’s devious practices, took to his following of 23,000 to remind crypto’s segment of Twitter…

Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries

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Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months. The popularity of Satoshi Nakamoto’s Bitcoin pioneered the way for other projects to explore the possibilities of blockchain technology. The brightest minds pushed the boundaries, which gave birth to Ethereum, Ripple and other projects that have provided new and unique use cases for distributed ledger technology (DLT). Their success set the bar high, but that also led the way for…

US Crypto Exchange Coinbase Introduces Digital Asset Conversions

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San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, according to an official statement on Dec. 17. Per the statement, customers will initially be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH). The service will be available on coinbase.com and the firm’s iOS and Android apps. The new feature will purportedly be made available to customers in 34 different countries, wherein Coinbase offers native payment access. According to the exchange, Convert is a “natural…