Day: April 24, 2019

Bitcoin Price Surges to a New 2019 High

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The crypto market has been surging this week and Bitcoin price continues to pull up, breaking through resistance to establish a new 2019 high. Its market capitalization is increasing, reaching around $180 billion. Bitcoin Breaks Resistance According to TradingView, Bitcoin surprised many in the past week after breaking resistance and surging to $5,640. In the last trading session, Bitcoin price gained 4%, surging from $5,480 to $5,640. A crypto asset trader who is known as “Crypto Rand” has indicated that Bitcoin is likely to increase to $6,000 based on the…

Despite Dropping, Ethereum (ETH) is Bullish and May Even Be a Store of Value

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Ethereum (ETH) prices drop 5.5 percent from $170 The development of Ethereum 2.0 will reinforce ETH Despite competition and the threats of Binance Chain, Ethereum will leverage on their first mover advantage as a time-tested platform and recover. Besides, the promise of Ethereum 2.0 and implementation of EIP 1234 means scarcity and ETH holders would be the primary beneficiaries. Ethereum Price Analysis Fundamentals That Ethereum is enjoying a first-mover advantage in a field that is already crowding with competitors offering faster and cheaper alternatives is correct. Entrants like Tron, EOS…

Brazilian Police Arrest Suspect for Money Laundering With Bitcoin

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Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24. The State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul, reportedly located a clandestine bitcoin mining laboratory in a small house while chasing a suspected drug trafficker on April 23. The report says the discovery is “something considered unusual in Rio Grande do Sul.” At the site, law enforcement officials found 25 digital currency mining machines, which…

SBI Group Invests $15 Million in ‘Smart Card’ Wallet Manufacturer

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‘Smart card’ crypto wallet manufacturer Tangem has received a $15 million investment from major Japanese financial services firm SBI Group, Cointelegraph auf Deutsch reports on April 24. The new investment will purportedly allow Tangem to relocate its headquarters to the ‘Crypto Valley’ of Zug, Switzerland. From Zug, Tangem want to develop new use cases for its physical smart cards that function like the hardware wallet version of banknotes. Each of these smart cards carries a fixed amount of cryptocurrency. The company intends for these smart cards to be used for…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 24

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Unlike the previous bull market, recovery this time is likely to be a long one because every higher level will bring in huge supply, causing the market to correct. We also expect the markets to take a dip intermittently to shake out the weaker…

Bitcoin (BTC) Cooling Down After Impressive Gains, Satoshi Quest

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Bitcoin prices stretched, down 2.1 percent John McAfee, a BTC supporter, in direct contact with Satoshi Satoshi has spoken to John McAfee, and he is unhappy that the talented technologist is after uncovering him, ten years after mining the first Bitcoins. With this revelation, Bitcoin (BTC) prices are stable but down 2.1 percent in the last day. Bitcoin Price Analysis Fundamentals The discussion around the true identity of Satoshi Nakamoto, the anonymous founder of the multi-billion platform in Bitcoin, is always an interesting debate. While it is good that the…

Discussing the Leading Blockchain-Using Companies

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Last week, Forbes released its new list of “Blockchain’s Billion Dollar Babies” — i.e., companies implementing blockchain technology that have minimum revenues or valuations of $1 billion. There are more and more major companies adopting blockchain these days. But who has done it best and had the most success because of it? Today, we invite you to share your opinion on the subject. Reply in the comments below! Original

R/GA Ventures Partners With Local Blockchain Firms to Create Blockchain Venture

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R/GA Ventures, the investment arm of international marketing company R/GA, is opening a blockchain investment studio in Oregon, the company announced in a press release published on April 24. The studio, dubbed Oregon Enterprise Blockchain Venture Studio (OEBVS), will be launched in partnership with several local companies participating in the blockchain industry. Namely, the release cites Moda, Umpqua Bank, Portland State University, Oregon Health & Science University, Business Oregon, ConsenSys and blockchain research firm Smith + Crown. Per the release, OEBVS aims to build a blockchain-based ecosystem and help the…

Almost All Top 100 Coins in Red, Bitcoin Holds Weekly Gains After Dipping Below $5,500

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Wednesday, April 24 — after hitting new highs for 2019 yesterday, cryptocurrency markets have again reversed to red, with virtually all of the top 100 coins by market cap seeing major losses on the day, according to data from CoinMarketCap. A former entrant of the top 20 coins by market capitalization, ontology (ONT) is seeing the biggest losses over the past 24 hours at press time among the top 30, down more than 11%. Basic attention token (BAT), which has recently overtaken ontology to enter the top 20, has surged…

Ripple (XRP) Down 7.3 Percent To Nov-2017 Levels, Rally in the Making?

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Ripple (XRP) slide 7.3 percent, retesting primary support Start-up innovating and funding firms building XRP use cases Prices and accompanying fundamentals are not in sync as Ripple (XRP) accumulate within a 4 cents range with support at 30 cents. All the same, we are bullish, and any trigger lifting prices above 34 cents or forcing liquidation below Jan 30 lows must be with high transaction volumes. Ripple Price Analysis Fundamentals There is a clear divergence. From a fundamental point of view, Ripple (XRP) should be rallying and even back to…