Day: May 24, 2019

AT&T Becomes First Telecom Operator to Accept Bitcoin

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Telecom powerhouse AT&T has tied up with crypto payment processor BitPay to allow customers to use cryptocurrency to pay their bills, as per a public announcement, 23 May, 2019. This a major step to adoption as it marks the first instance of a major American company tying up with BitPay. Crypto Enters Voice and Data Market The partnership between AT&T and BitPay marks a colossal victory for cryptocurrency adoption. When major companies start looking at cryptocurrency adoption, it shows their belief in the legitimacy of crypto-based payment protocols. More than…

Bitcoin Price Profits 153% on Average After 30% Drops, Buys Ahead: Analyst

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By CCN: Throughout the past three years, the bitcoin price has demonstrated relatively large pullbacks averaging 30 percent following a large upside rally. $BTC 30%+ pullback coming? Yes, eventually. If history repeats, there should be plenty of strong pullbacks on the way to next peak ATH There were at least nine 30%+ pullbacks from last cycle accumulation & uptrend Plenty of buying opportunities ahead, don’t let it shake you pic.twitter.com/fMnhKzlpA8 — Josh Rager 📈 (@Josh_Rager) May 22, 2019 Every pullback, however, was followed up with an average gain of more…

Facebook Aims to Launch Payments-Focused Cryptocurrency in 2020

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Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020, according to a BBC news report published on May 24. The BBC reports that tests for the forthcoming digital currency are planned to take place by the end of 2019. While Globalcoin is ostensibly the coin’s current name within the company, it has not been confirmed that it will retain the same name once development of the project is completed. According to the BBC, Facebook founder Mark Zuckerberg met Bank of England governor Mark Carney last…

Hedge Fund Veteran Bets $1M on Bitcoin – Says it Will Outperform S&P500

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For traditional investors, Bitcoin and the related cryptocurrency market has not fully been taken seriously as an option to diversify with. However, the CEO of Morgan Creek Capital says he believes Bitcoin will continue to far outperform the S&P 500 for the rest of the year and beyond. In fact, Mark Yusko, has put a $1 million bet on this fact, putting his money where his mouth is – the only issue is that no one has taken him up on this bet. “I was lucky. I happened to be…

Hedge Fund Veteran Bets $1M on Bitcoin – Says it Will Outperform S&P500

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For traditional investors, Bitcoin and the related cryptocurrency market has not fully been taken seriously as an option to diversify with. However, the CEO of Morgan Creek Capital says he believes Bitcoin will continue to far outperform the S&P 500 for the rest of the year and beyond. In fact, Mark Yusko, has put a $1 million bet on this fact, putting his money where his mouth is – the only issue is that no one has taken him up on this bet. “I was lucky. I happened to be…

Bitcoin (BTC) Price Facing Uphill Task: Another Dip Before Higher?

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Bitcoin price declined recently and tested the key $7,500 support area against the US Dollar. The price rebounded and traded above the $7,780 and $7,850 resistance levels. Yesterday’s highlighted key declining channel is acting as a barrier near $7,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could drop once again towards the $7,720 support area before it starts a fresh increase. Bitcoin price rebounded nicely above $7,700 and $7,850 against the US Dollar. However, BTC is facing a strong resistance and it could…

Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

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The total crypto market cap found a strong support near $122.0B and recently climbed higher. Bitcoin price bounced back above the $7,700 and $7,800 resistance levels. Bitcoin cash price gained a strong bullish momentum and jumped back above $400. EOS price is recovered above the key $6.00 and $6.05 resistance levels. Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels. Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels. The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC)…

Bitcoin (BTC) Is Looking Like Gold Prior To Parabolic Explosion: Analysts

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Bitcoin May Soon Go Parabolic If Gold’s Trend Is Mirrored Due to its properties, Bitcoin (BTC) has long been equated to gold. Many, in fact, say that the cryptocurrency is a “gold 2.0” contender, and will likely overtake the precious metal with time and a generational wealth shift. Some have even gone as far as to say that Bitcoin’s price action could follow that of gold, potentially to a tee. You may think this sounds crazy, but there is some bearing to these calls. Just take a look. Analyst CryptoHamster,…

Ripple (XRP) Price At Risk Of More Losses Below $0.3600

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Ripple price declined recently below the $0.3840 and $0.3750 support levels against the US dollar. The price tested the $0.3610 support area and it is currently correcting higher towards $0.3840. There is a key bearish trend line forming with resistance near the $0.3840 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could resume its decline if it continues to struggle near $0.3840 and $0.3875. Ripple price is currently under pressure against the US Dollar and bitcoin. XRP remains at a risk of more…

Ethereum (ETH) Price Rebound Reaching Crucial Juncture: $250 Holds Key

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ETH price decline recently and retested the key $231 support area declined against the US Dollar. The price started a decent rebound and recovered above the $240 and $242 levels. There is a major bearish trend line forming with resistance near $248 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $248 and $250 resistances to continue higher in the coming sessions. Ethereum price is currently recovering versus the US Dollar, but consolidating vs bitcoin. ETH must settle above the $250 barrier to continue…