Day: June 1, 2019

Eos Developer Block.one Announces Blockchain-Based Social Media Platform Voice

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Eos (EOS) parent company Block.one has announced a blockchain-based social media platform called Voice, according to a press release shared with Cointelegraph on June 1. The firm claims that the platform will use the Eos blockchain to provide transparency on how it operates, without hidden algorithms or content-pushing mechanisms of which the user is unaware. In the press release, the CEO of Block.one, Brendan Blumer, compared Voice with traditional social media platforms, saying: “The truth is, current social media platforms are designed to use their users. Just look at the…

Bitcoin (BTC) Going Full ‘Bull-tard’ Now Violates Long-Term Trends: Analyst

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Analysts Expect Looming Bitcoin Pullback Bitcoin (BTC) has been on an absolute tear over the past two months. Since the fateful April 1st, we’ve seen the crypto asset explode by over 100%, pulling up altcoins and arguably catalyzing the next full-on bull rally. Cryptocurrencies have gone so far that they are actually the best-performing asset class of 2019 so far, validating a prediction made by individuals like Travis Kling. Despite the stellar performance, some have tried to stay level-headed, claiming that Bitcoin isn’t exactly ready to shoot sky high. Magic…

Bitcoin (BTC) Going Full ‘Bull-tard’ Now Violates Long-Term Trends: Analyst

boss

Analysts Expect Looming Bitcoin Pullback Bitcoin (BTC) has been on an absolute tear over the past two months. Since the fateful April 1st, we’ve seen the crypto asset explode by over 100%, pulling up altcoins and arguably catalyzing the next full-on bull rally. Cryptocurrencies have gone so far that they are actually the best-performing asset class of 2019 so far, validating a prediction made by individuals like Travis Kling. Despite the stellar performance, some have tried to stay level-headed, claiming that Bitcoin isn’t exactly ready to shoot sky high. Magic…

Crypto Tidbits: Bitcoin Taps $9,100, Samsung Pay Could Support Cryptocurrency, Whales Accumulating

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Another week, another round of Crypto Tidbits. Bitcoin (BTC) has seen a crazy week of price action. On Sunday, just after we published our last edition of this weekly update, BTC shot up to $8,800, breaking out of a triangle formation that had bulls’ downfall for the better part of three weeks. While the bullish momentum has since tapered, with the cryptocurrency falling to $5,550, many are still decidedly bullish. In a recent segment on Bloomberg TV, Jehan Chu of Kenetic Capital explained that BTC could rally by 230% into…

Mixing Service Bitcoin Blender Quits After Bestmixer Takedown

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On May 27, cryptocurrency supporters learned that the anonymous BTC mixer Bitcoin Blender would be shutting down. The news follows the recent closure of Bestmixer.io after it was seized by global law enforcement. Also read: Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time Bitcoin Blender Bows Out Another popular bitcoin mixing platform is closing its doors, but unlike Bestmixer.io, Bitcoin Blender is doing so voluntarily. Last Monday, on the organization’s official thread on the Bitcointalk forum, the Bitcoin Blender admin, ‘Blender,’ told the community the…

Booming Bitcoin Cash Price Will Rip to $1,200 in 2019

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 By CCN: The long crypto winter left virtually every cryptocurrency reeling, but few assets suffered as much carnage as bitcoin cash. The bitcoin fork endured such a brutal beating that it plunged from an all-time high of $4,000 on December 20, 2017 down to $73.60 less than one year later. The vicious downtrend pushed bitcoin cash to the brink of extinction as it lost over 98 percent of its value. Nevertheless, the last few months have been kind to BCH. Bulls have finally returned to this beleaguered market, and they…

‘This Tech Can Solve the Trust Crisis’

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Head of Blockchain and Distributed Ledger Technology at the World Economic Forum (WEF), Sheila Warren, claims that blockchain could be a solution to the worsening trust crisis globally. Warren made her comments during an interview with Cointelegraph on May 31. During the interview, Warren claimed that public trust towards governments, banks, media and institutions, namely in the U.S., is “rapidly eroding.” She then noted that she thinks that blockchain, if used correctly, can be a solution to this problem: “This technology could provide access to information that could enable third…

Bitcoin (BTC) Could See $400,000 In The Coming Decade, Analyst Quips

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Bitcoin At $400,000 According to analyst NebraskanGooner, Bitcoin (BTC) is poised for a massive rally. Gooner’s trend indicator, fittingly named “Top Goon X”, recently printed a black arrow in the weekly chart after a red arrow, which precedes a bottom, was seen. The last two times this technical pattern occurred, Bitcoin rallied by 5,000% in the years that followed. The thing is, the cycles’ lengths have tripled each time. Thus, if Top Goon X’s trend plays out to a tee here, Bitcoin may take until 2025 to rally by 5,000%…

Bitcoin Price Approaches $8,600 as Top Cryptos See Slight Gains

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Saturday, June 1 — most of the top 20 cryptocurrencies are reporting slight gains on the day by press time, as bitcoin (BTC) approaches the $8,600 mark. Market visualization courtesy of Coin360 Bitcoin is up just over 1% on the day, trading at $8,532 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 6%. Bitcoin 7-day price chart. Source: CoinMarketCap Recently released research from United States-based blockchain intelligence firm Chainalysis indicates that only 1.3% of economic transactions for bitcoin came from merchants in…

Tron Price Soars 20% After Justin Sun Teases Alluring ‘Big Win’

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By CCN: The tron price (TRX) skyrocketed more than 20 percent after founder Justin Sun teased that he would reveal “huge and amazing” news about the cryptocurrency on June 3. Tron CEO Pumps TRX With Twitter Tease Earlier this week, TRX founder and Tron Foundation CEO Justin Sun hinted at a “huge” development in the works. Sun claimed to be in the midst of a new project that would involve tron and the closely-related BitTorrent cryptocurrency. He revealed he had a “70%” chance to see it through. I did it!…