Day: May 11, 2019

Bitcoin Hits $7,250 In Surprising Weekend Move: Is There Momentum? –

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Jeez… Bitcoin Hasn’t Stopped Yet Call us a broken record, but wow, Bitcoin (BTC) has been on an absolute tear. As of the time of writing this, the asset has just tapped $7,100 for the first time in approximately eight months. Wait no, it just hit $7,250. Let’s take a look at what analysts are thinking right now. Trader Mr. Anderson believes that Bitcoin has undoubtedly entered a parabolic trading pattern. From here, he expects for the asset to set up a base, or short-term trading range”, likely in the…

Bitcoin Hits $7,250 In Surprising Weekend Move: Is There Momentum? –

boss

Jeez… Bitcoin Hasn’t Stopped Yet Call us a broken record, but wow, Bitcoin (BTC) has been on an absolute tear. As of the time of writing this, the asset has just tapped $7,100 for the first time in approximately eight months. Wait no, it just hit $7,250. Let’s take a look at what analysts are thinking right now. Trader Mr. Anderson believes that Bitcoin has undoubtedly entered a parabolic trading pattern. From here, he expects for the asset to set up a base, or short-term trading range”, likely in the…

Bitcoin Price Will Triple to $20,000 by 2021: Investment Bank Canaccord

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By CCN: Bitcoin is 2019’s best-performing asset thanks to the massive rise in the price of the cryptocurrency, and a growing chorus on Wall Street proclaims that BTC’s terrific momentum won’t be dying out anytime soon. Bitcoin price has breached the $6,000 mark and is on its way higher | Source: CoinMarketCap Canaccord Genuity, an investment banking and wealth management company based out of Vancouver, published a research note predicting that the price will gradually climb back to $20,000 by March 2021. “Bitcoin has started to form the spring 2019…

Tim Draper Updates $250K Bitcoin (BTC) Price Prediction to 2023

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Tim Draper, one of the most bullish investors and figures in cryptocurrency, has updated his bold $250,000 price prediction for Bitcoin to occur by 2023. Speaking during a Fox Business interview on May 10, the venture capitalist claimed that his $250,000 BTC price prediction, made last November, would occur within the next four years. Draper continues to cite growing global dominance and interest in the use of digital currencies as the primary drive for Bitcoin reaching its target price, and is receiving at least some validation from the massive bullish…

US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case

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United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10. Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive damages. The amount is reportedly one of the largest court judgments awarded to an individual in the crypto space thus far, Reuters notes. As previously reported, Terpin filed the complaint against Truglia in particular…

Bitcoin Approaches $7K as Top Cryptos See Double Digit Growth

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Saturday, May 11 — most of the top 20 cryptocurrencies are reporting major gains on the day by press time, as bitcoin (BTC) breaks the $6,900 mark. Market visualization courtesy of Coin360 Bitcoin is up over eight percent on the day, trading at $6,950 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up nearly 22%, surging in price since the end of the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap,…

Key To Crypto Adpotion: HTC May Bring Blockchain Mainstream With Exodus 1s

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In 2018, HTC, the Taiwan-based technology giant and smartphone manufacturer, shocked the crypto world when it unveiled plans to launch a blockchain-friendly device. This marked the first time that a large technology corporation had revealed it was allocating serious capital towards a cryptocurrency product. Unlike many other ventures in this embryonic industry and contrary to critics’ expectations, the device, dubbed “EXODUS 1 (One)” by HTC, has flourished. In fact, industry legends, namely Ethereum’s Vitalik Buterin, have adopted the phone for day-to-day use. The EXODUS team, led by venture capitalist and…

Crypto Tidbits: Binance Bitcoin Hack, Buffett Hates Cryptocurrency, Ethereum Futures Inbound

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Another week, another round of Crypto Tidbits. Over the past week, Bitcoin (BTC) has surged yet again, with the asset moving past $6,000 — one of 2019’s most important levels. This came as a slew of positive news graced the cryptocurrency and blockchain market. Throughout the past seven days, Fidelity Investments was revealed to have plans to launch BTC trading “within weeks”, Binance was hacked for $40 million worth of cryptocurrency, and an array of news was unveiled about Ethereum and Bitcoin investment vehicles, which could spark newfound retail interest.…

Ethereum Foundation Plans to Spend $30 Million on Ecosystem Development

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The Ethereum Foundation plans to spend $30 million on ecosystem development over the next 12 months. The foundation’s executive director, Aya Miyaguchi, announced the grant funding at the ConsenSys-organized Ethereal Summit in Brooklyn on Friday. Over the past year, the foundation spent roughly $27 million on the same program, which supports critical projects across the ethereum ecosystem. Speaking to the criteria the Ethereum Foundation upholds when deciding grant winners, Miyaguchi highlighted four areas of interest: How important is the problem the team is working on? How unique is the solution? Will…

Top 5 Crypto Performers Overview: BTC, ETH, BCH, LTC and XMR

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Bitcoin’s price gain has been the main attraction of the past week. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin has been the main attraction in the past week, as it has scaled every stiff hurdle with ease. The rally has helped its market dominance hit levels not seen since…