Day: December 20, 2018

Canadians Denied at U.S. Border for Purchasing Marijuana Shows Perfect Usecase for Bitcoin

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The Government of Canada has advising warnings that citizens should purchase marijuana with cash to protect their personal information on December 19, 2018, highlighting a perfect real-world scenario for Bitcoin. While Canada made waves back in October by legalizing recreational marijuana, Canada is back in the news due to other countries (notably the USA) turning away Canadian citizens that have purchased marijuana, despite it being legally acquired. Note this isn’t a problem if a Canadian is traveling to another marijuana friendly country but with the political landscape still heavily against…

BTC Soar above $4,000 Paving Way for $6,000

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Latest Bitcoin News The crypto and Bitcoin market is resilient, surviving several obituaries over the years. From FUDs churned by mainstream media and economists as Tim Harford, Bitcoin continues to trudge, weathering the critic storm. At that time, BTC was changing hands at around 23 cents and enthusiast could “mine” BTC using a standard CPU computer. However, times are different and the ecosystem global. Read: Contrary to Reports, Crypto Sector is Not Dead: Here’s Why Not only is Bitcoin worth a couple of thousand dollars but the infrastructure around it…

Second Largest Exchange OKEx Launches New Crypto Derivative Product

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Malta-based major cryptocurrency exchange OKEx has launched a new crypto derivative product, according to a press release shared with Cointelegraph, Dec.19. As Cointelegraph reported at the beginning of the month, the new product, dubbed Perpetual Swap, is a virtual derivative that lets users speculate on the future value of BTC/USD, according to OKEx’s index. Per the release, currently each swap contract has a notional value of $100 equivalent in Bitcoin (BTC) and features leverage ranging from 1x to 100x. Moreover, perpetual swaps reportedly have no expiration, meaning “positions can be…

Australians Can Use Crypto Debit Card at 30,000 ATMs and Up to 1 Million Payment Terminals

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Finding easy ways to spend cryptocurrency can be nothing short of a nightmare — and even when you discover a platform where your digital assets can be used for purchasing everyday goods and services, you’re normally faced with delays and high transaction fees. A Sydney-based startup is seeking to change the status quo by offering a crypto debit card which enables the likes of Bitcoin and Ethereum to be used at any business or ATM across Australia. Unlike other preloaded cards, BTC.com.au says its card is free to acquire, and…

Bitcoin Back Over $4K as Crypto Markets See Fifth Day of Green

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Thursday, Dec. 20 — crypto markets are seeing their fifth day of green, with virtually all of the top 20 cryptocurrencies showing a strong burst of growth, as data from Coin360 shows. Market visualization by Coin360 In terms of 24-hour growth, fourth-largest cryptocurrency Bitcoin Cash (BCH) has soared ahead of other assets, seeing an astonishing 36 percent spike to hit $165 as of press time. Today marks the coin’s third day of double-digit growth, and fifth day in the green. With 7-day growth over 80 percent, the coin still remains…

Tensions Emerge Between Hyperledger Blockchain’s Biggest Supporters

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When the governing board of Hyperledger approved a new supply chain project earlier this month, it marked a significant departure for the open-source blockchain consortium. Sawtooth Supply Chain, as the project is provisionally called, breaks new ground because it’s arguably the consortium’s first to really inhabit the application layer of the software stack. It’s built on top of the Sawtooth framework, which Intel contributed to Hyperledger. Prior to this, Hyperledger confined its work to the lower layers and eschewed the custom-design of blockchain application code with industry players in mind. That…

We Don’t Know if Crypto Correction Phase has Passed

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Binance CEO Changpeng ‘CZ’ Zhao expressed his doubts over whether or not the 2018’s crypto correction phase has ended. Speaking to Bloomberg, CZ explained that crypto – regarding valuation – is a field of speculators and its volatility should not come as a surprise. In the same breath, the blockchain entrepreneur brought attention to things that do matter to the crypto space in a longer term, i.e., killer applications. “I think the price is a powerful attraction for a lot of speculators,” said CZ. “But the field is going to grow…

We Don’t Know if Crypto Correction Phase has Passed

boss

Binance CEO Changpeng ‘CZ’ Zhao expressed his doubts over whether or not the 2018’s crypto correction phase has ended. Speaking to Bloomberg, CZ explained that crypto – regarding valuation – is a field of speculators and its volatility should not come as a surprise. In the same breath, the blockchain entrepreneur brought attention to things that do matter to the crypto space in a longer term, i.e., killer applications. “I think the price is a powerful attraction for a lot of speculators,” said CZ. “But the field is going to grow…

Bitcoin’s Path to $5K Faces a Major Hurdle

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Bitcoin’s ongoing recovery rally faces a major obstacle that could impede progress towards $5,000, according to the technical charts. The leading cryptocurrency by market capitalization jumped to a two-week high of $4,108 earlier today, validating the short-term bearish-to-bullish trend change confirmed earlier this week. Notably, the break above the psychological hurdle of $4,000 looks sustainable, as 24-hour trading volume has jumped to one-month highs above $8 billion. As a result, more bargain hunters could join the party, creating further upward pressure on prices. Even so, the rally may stall near $4,400 for…

Bitcoin Price & Technical Analysis: BTC Still Recovering

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Photo: Roboforex / TradingView After a large plunge, the BTC is recovering. The market is still uncertain, but the flagship crypto takes its chance to rise. On Thu, Dec 20, 1 BTC is $4,137, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On H4, the crypto made a new low, while the MACD converged and the descending channel resistance had been broken down; the price then moved to the upper projection channel and reached the target resistance. The current move is none other than correction after the previous downtrend. The current…