Day: May 16, 2019

Ethereum (ETH) Goes Parabolic After Bitcoin, Looks To Push $300

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Ethereum (ETH) add 55 percent in the last week Cryptopia folding explains exchanges should be after verticals, not listing and trading fees According to Vijay Boyapati, exchanges are walking the wrong path of short-term profitability over future dominance better exemplified by Cryptopia decision to list as many as coins/tokens as possible before falling prey to hackers. Meanwhile, Ethereum (ETH) bulls are rampant, stepping on the gas pedal with targets at $300 and $400. Ethereum Price Analysis Fundamentals By design, blockchain and related businesses should function in a decentralized manner. That…

Trading Bots: Are They a Force for Good?

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Trading bots have become a staple of today’s markets — especially in the 24-hour cryptocurrency industry. But while some have gained popularity by enabling enthusiasts to execute their strategies automatically and keep on top of the latest trends, others have caused controversy by manipulating prices using methods that would break the law on regulated exchanges. For everyday crypto consumers, knowing the difference can be crucial. Bad bots are often involved in a practice known as “wash trading,” which sees buy and sell orders being placed simultaneously in order to distort…

Bitcoin Price & Technical Analysis: BTC Heading Up Again

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Photo: Tim Reckmann / Flickr By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. SEC postponed its decision on Bitcoin ETF again. eBay will not support cryptos. BTC Rallying: A medley of reasons. The SEC postponed its BTC ETF decision again. The matter has been discussed for over four months so far, but there’s no progress yet. The SEC was supposed to finally take the decision on May 16, but the deadline was again postponed. Bitwise survey run in early 2019 showed that around 58% would consider investing into Bitcoin ETF’s. People…

3 Altcoins with Bullish Potential Like Parabolic Bitcoin

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By CCN: It has been almost a year and a half since bears took over crypto markets. Bitcoin took a massive beating as it shed 84% of its value. Other large-cap coins shared more brutal fates. Ethereum, Litecoin, and EOS were all devalued by more than 90%. Last year was full of trials and tribulations for retail investors. Thankfully, the ordeal is finally over. With bitcoin’s unbelievable run over the last few days, altcoins such as Ethereum, Litecoin, and EOS have responded with massive technical breakouts. This prompted us to…

Crypto Exchange BitMEX Reveals Most of Its Users Don’t Use Maximum Leverage

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Hong Kong cryptocurrency derivatives trading platform BitMEX claims that on average, its users don’t use the maximum 100x leverage that the platform offers. BitMEX reported on the data in a post published on its official blog on May 15. According to the post, the company’s co-founder and CEO Arthur Hayes had the data science team of the exchange pull up historical data on the average leverage usage for the bitcoin (BTC)/United States dollar perpetual swap. Hayes stated that the data obtained this way show that “traders are quite ‘responsible’ in…

Stellar Lumens (XLM) Surges 55% to Pass Resistance, Outdoes Bitcoin

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Stellar Lumens (XLM) rally, add 55.6 percent The network failed for two hours on May-15 Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day. Stellar Lumens (XLM) Price Analysis Fundamentals In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995. Then, the internet had little interest to the average consumer. Fast forward, 19…

Report: Mass Withdrawals from Exchanges Could be Behind Bitcoin’s Price Rally

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Citing data from blockchain research firm TokenAnalyst, Bloomberg reported on May 15, 2019, that the current boom in the price of bitcoin (BTC) might just be the consequence of investors withdrawing their holdings from large exchanges due to renewed ambiguity surrounding their financial health. Bitfinex Tether Fiasco Could have Indirectly Pumped the Market The study by London-based blockchain research company TokenAnalyst concluded that crypto withdrawals from major crypto exchanges including Bitfinex, BitMEX, Binance, and Kraken eclipsed crypto deposits by as much as $622 million over the past five days. The…

Fed’s Endless Printing Press Will Launch Bitcoin to $100,000

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By CCN: U.S. financial news and opinion broadcaster Max Keiser is a textbook hodler. For the host of the Keiser Report on RT to dispose of the bitcoin he has been accumulating since 2011, his price target of $100,000 will have to be achieved first. The Fed Triggered This Bitcoin Rally Speaking to Kitco News, Keiser said that since acquiring his first bitcoin eight years ago, he had not sold any of it. According to the broadcaster, this is “because my price target is $100,000 and beyond.” This is not…

Fed’s Endless Printing Press Will Launch Bitcoin to $100,000

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By CCN: U.S. financial news and opinion broadcaster Max Keiser is a textbook hodler. For the host of the Keiser Report on RT to dispose of the bitcoin he has been accumulating since 2011, his price target of $100,000 will have to be achieved first. The Fed Triggered This Bitcoin Rally Speaking to Kitco News, Keiser said that since acquiring his first bitcoin eight years ago, he had not sold any of it. According to the broadcaster, this is “because my price target is $100,000 and beyond.” This is not…

Local.Bitcoin.com Aims to Spread Economic Freedom Through P2P Exchange of BCH

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On June 4, Bitcoin.com is launching a peer-to-peer marketplace called Local.Bitcoin.com that will allow users from around the world to buy and sell bitcoin cash (BCH). Now crypto enthusiasts and traders can create a pre-launch account to explore the trading platform and create orders on the exchange in advance. Also read: Bitcoin.com Celebrates 4 Million Wallets Created Local.Bitcoin.com: Creating a Pre-Launch Account and Experimenting With the P2P Marketplace At Bitcoin.com we believe that the Bitcoin Cash (BCH) network will revolutionize the world of money and give global citizens the true…