Day: April 2, 2019

Bitcoin Price Sees Biggest Surge for Several Months, Here’s Why

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Bitcoin price appears to have experienced a sudden and unexplained rise sending the coin soaring to nearly $5,000. Here’s the possible reasons for that. Bitcoin has seen its biggest positive surge in price for several months, climbing to a 2019 all-time high of $5100 on BitMex. The price increase sees BTC touch November 2018 prices, with the entire market cap also surging over $20 billion. So what are the possible reasons for Bitcoins price surge today? At the time of writing Bitcoin was at the 14.95% surge to $4.752. The…

Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K

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View With bitcoin’s move today to 4.5-month highs near $5,080, the transition from bear to bull market appears done and dusted. The trend change would gain credence, though, if and when BTC finds acceptance above the former support-turned-resistance of the 21-month exponential moving average (EMA), currently at $5,200. The cryptocurrency is looking overbought as per the 14-day relative strength index, so prices may have a tough time breaking above $5,200 in the near-term. Bitcoin could see a pullback to $4,400 if signs of bullish exhaustion increase in the next few…

Bitcoin surges 18% hitting the $5,000 mark

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Bitcoin climbed suddenly on Tuesday to the highest level since November, leading a surge in virtual currencies and ending three months of calm in the $160-billion market. Traders struggled to pinpoint reasons for the rally, which briefly propelled Bitcoin above $5,000 and increased the value of digital assets tracked by cryptoprobe.net by about $17 billion in less than an hour. The biggest virtual currency was trading at $4,718.39 as of 9:38 a.m. in London, up 14 per cent for the day, according to Bloomberg composite pricing. Rival coins Ether, XRP…

Major Swiss Stock Exchange SIX Lists XRP Exchange Traded Product

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According to its official website, Switzerland’s principal stock exchange, SIX, has listed a Ripple (XRP)-based Exchange Traded Product (ETP) today, April 2. As Cointelegraph reported in March, the exchange had already confirmed that it was planning to list the product, dubbed Amun Ripple (AXRP). Hany Rashwan, co-founder and CEO of Amun — the cryptocurrency derivative development company behind AXRP — at the time claimed that this is the first such product on the market: “We can comfortably say that we expect to release the world’s first XRP ETP within the…

Bitcoin (BTC) Might Be Overbought After $5,000 Pump, Warn Traders

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Bitcoin Might Be Overextended The move that crypto investors en-masse have been waiting for finally happened on Tuesday morning. Within a matter of an hour, Bitcoin (BTC) rallied by 15%, surging past $4,200, $4,400, $4,600, and $5,000 in rapid succession on the back of what seemed like nothing. Crypto analysts later explained that the move was a simple result of a combination of a steady uptrend, BTC testing the key $4,200 resistance, and a lack of selling pressure above that. While their comments make it sound like Bitcoin might be…

Digital Currency Group Data Reveals Turbulent Crypto Investment Landscape

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United States blockchain and cryptocurrency-focused venture capital company Digital Currency Group (DCG) has made almost 130 investments in the industry to date, the firm revealed in a blog post on April 1. Summarizing its performance since 2016, DCG, which is headed by well-known cryptocurrency advocate Barry Silbert, invested in 127 startups, the majority of funding coming in the form of seed rounds. While not exhaustive, the company suggested the data was useful for gaining a comparison between the blockchain and crypto market in 2016 and at the end of 2018.…

Watch This Bitcoin Double Spend Attack Using Replace-by-Fee

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Video: Watch This Bitcoin Double Spend Attack Using Replace-by-Fee April 2, 2019 by Jeff Fawkes Bitcoin’s (BTC) main developers seem to have forgotten to warn the general public about the hole that was created by the “replace-by-fee” (RBF) feature. This could allow for real-world bitcoin double spend attacks, without leaving a trace on the blockchain. In this article is one example. Also read: Crypto Exchange Zebpay Integrates Lightning Network Wallet Service Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Crypto Reporter Dumps Double Spend on YouTube Although…

Japanese Crypto Exchange Coincheck Launches Bitcoin OTC Trading Desk

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Photo: Coincheck / Facebook The new trading desk gives major institutional investors a way to invest large amounts of money in Bitcoin (BTC). Coincheck wrote in their announcement: “We are pleased to announce that Coincheck (WEB) has launched a large-scale OTC trading service for large-scale customers. Large-scale OTC trading service is a service that allows you to buy and sell virtual currencies at attractive prices for large-scale customers.” From the compan,y they said its OTC trading desk will allow customers to buy and sell a minimum of 50 Bitcoins ($205,423…

BTC Hits $4,800 for the First Time in 2019, Top Crypto Markets See Double Digit Growth

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Tuesday, April 2 — Bitcoin (BTC) has pushed over $4,500 for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth. Market visualization from Coin360 The price of BTC skyrocketed, gaining more than 14 percent in the space of one hour early Tuesday. Hovering around $4,650 at press time, the coin peaked at $4,849 early on April 2, according to CoinMarketCap stats, before dropping slightly and trading sideways to press time. In comparison to…

ARTEÏA launches Token Sale for P2P Art Market Blockchain Platform

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Blockchain company Arteïa has announced the launch of its Initial Coin Offering (ICO) and is offering the first comprehensive, advanced technology platform set to empower art collectors by linking a collection management system to a matching platform supported by a provenance tracker. “We’ve raised €3 million already since the creation of the company to develop our working platform, and we are onboarding new collectors every week,” said CEO Philippe Gellman. “Now it’s time to rocket our project on an international basis, and an ICO seemed the most accurate way to…