Day: May 16, 2019

Blockstream’s New Platform Allows Users Issue Security Tokens on Bitcoin Sidechain

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Photo: Blockstream / Twitter It has become known that Bitcoin startup Blockstream is working on the launch of a new tokenized securities platform. The platform will provide users with an opportunity to issue their own tokens by utilizing the firm’s custom-built Bitcoin sidechain, Liquid Network. Though many people still believe that tokens can be issued only by powerful corporations or governments, it is not really true as today the entire crypto sphere is not concentrated in the hands of big firms. And with its new project, Blockstream will prove that even…

Chinese Entering Bitcoin As Safe Heaven, Driving Recent BTC Price Surge: Forbes

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As a trade war between US and China has taken off, the US is raising trade tariffs with Chinese yuan rate going down and people starting to use crypto as a safe heaven. Several major factors have been named earlier this week to have driven the current 40% Bitcoin surge. Among them the acceptance of Bitcoin by such giants as Starbucks, Whole Foods and others. Another reason is Bakkt preparing to launch Bitcoin futures. The third one was a rumour that eBay online commerce heavyweight is planning to start accepting…

European Central Bank Policymaker Backs Stablecoins over Bitcoin

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European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached from $5,000 to almost $8,000 at the time of writing. While this is exciting for the crypto community, it only creates more doubt for those in the traditional financial system. The growth of Bitcoin as well as other cryptocurrencies is…

Bitcoin (BTC) Price Correcting Gains: Key Supports Nearby

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Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar. The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600. This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). There were strong gains in Ethereum (broke $265) and ripple (tested $0.4800) in the past few hours. Bitcoin price traded further higher before it faced sellers near $8,370 against the US Dollar. BTC…

Opera Browser Adds TRON to its Native Crypto Wallet

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TRON founder Justin Sun has been in the news recently through a number of events. Most famously, perhaps, the recent Tesla giveaway debacle raised the ire of the cryptocurrency community and may well have backfired against its original intention. However, the famous founder has also encountered a host of positive news bites regarding his blockchain platform TRON. Most recently, the company announced a partnership with Opera, the streamlined web browser of choice in much of Asia. Opera sings The connection with Opera is a major boon for TRON. Already boasting…

Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis

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The total crypto market cap surged further and tested the key $250.0B resistance level. Bitcoin price is currently consolidating above the $8,000 and $8,100 support levels. Bitcoin cash price surged above the $400 and $425 resistance levels. EOS price is up more than 10% and it recently cleared the key $6.50 barrier. Stellar (XLM) price rallied more than 25% and broke many hurdles near $0.1300 and $0.1400. Tron (TRX) also joined the party and broke the key $0.0250 and $0.0300 resistance levels. The crypto market cap surged above $250.0B, with…

Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely

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Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar. The price tested the $0.4800 area and it looks set to extend gains above $0.5000. Yesterday’s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP/USD pair (data source from Kraken). There were sharp gains in Ethereum above $250 and $260, opening the doors for $300. Ripple price started a significant upward move against the US Dollar and bitcoin. XRP broke $0.4750 and it looks set to surpass…

Last Time Bitcoin Technicals Looked This Oversold, A 80% Drop Ensued

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Technicals Show Bitcoin Is Entering Precarious Territory According to “HiThrowaway”, Bitcoin (BTC) is looking like it is on the verge of a potential drawdown. In a recent tweet, the trader noted that the last three times the asset’s one-week chart looked as it does now, 82%, 85%, and 83% drops were seen. More specifically, the last times the Relative Strength Index (RSI), Money Flow Index (MFI), and the Network Value to Transactions Ratio (NVT) sat at current levels, BTC fell dramatically. He isn’t wrong. As seen in the charts below,…

Bitcoin Bulls Unleashed as Crypto Begins Trading on Good News

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By CCN: Another day, another new high for the bitcoin price. Bitcoin is currently trading at nearly $8,300, which according to CoinMarketCap data is a new 2019 high for the biggest cryptocurrency. On Coinbase, the BTC price already attained $8,300 though it has pulled back slightly. While it’s not the first time that the bitcoin price has surpassed this level historically, the market has stronger fundamentals fueling the gains this time around. The excitement in the crypto community is palpable. Gemini Co-Founder Tyler Winklevoss noted that “breaking 8k this time…

Ethereum (ETH) Price Surges 20%, Hits $270: $300 Could Be Next

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ETH price surged higher and broke the key $240 and $250 resistance levels against the US Dollar. The price is up more than 20% and it recently tested the $270 resistance level. There is a new key bullish trend line forming with support near $244 on the hourly chart of ETH/USD (data feed via Kraken). The pair is following a strong uptrend and it seems like the price could even surge towards $300. Ethereum price surged significantly towards $270 versus the US Dollar, and jumped sharply vs bitcoin. ETH is…