Day: June 28, 2019

EOS Bears Biting Back As Price Drops 15.8%, Likely Support At $4

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EOS slides 15.8 percent Interim constitution replaced with a new user agreement A new user agreement is in a place replacing the contentious Interim constitution. Even so, due to low voter turnout, block producers voted in their favor. As such, they retain a dominant role. Meanwhile, EOS sellers are pressing lower as prices tumble 15.8 percent in last week. EOS Price Analysis Fundamentals Above everything, despite their achievements since launch, EOS and Block One reception has been lackluster. While it dominates the the Center for Information and Industry Development (CCID)…

Bitcoin Rally Unravels: Here Is Why $10K Holds The Key

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After setting a new 2019 high near $11,800, bitcoin price declined sharply against the US Dollar. The price declined below the key $13,200 and $12,000 supports to trim most gains. There is a connecting bearish trend line forming with resistance at $11,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $10,450 and $10,000 support levels to start a fresh increase. Bitcoin price nosedived by more than $2,000 against the US Dollar. BTC is now approaching a couple of important supports…

Bitcoin (BTC) Is Propping up Related Securities Following Yearly Highs

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Bitcoin (BTC) isn’t the only asset booming from the renewed interest in digital currencies. Three North American securities that deal with bitcoin and blockchain technologies have risen substantially in the last couple of weeks, as reported by AlphaStreet on June 26, 2019. Macro Bull Run As expected, the bullish sentiment in bitcoin has helped related crypto securities in traditional markets surge as a by-product of bullish price action after nearly a year. When bitcoin broke $6,000, many analysts saw this as a significant threshold for a positive move to continue. Once the…

Crypto Market Trims $80 Billion: Bitcoin, BCH, EOS, TRX, ADA Analysis

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The total crypto market cap declined sharply from the $380.0B swing high and even broke $300.0B. Bitcoin price is down more than 20% from the recent high and even broke $11,500. EOS price down more than 15% and it recently broke the key $6.00 support area. BCH price is down around 16% and it recently tested the $400 support area. Tron (TRX) price tumbled below the $0.0350 and $0.0325 support levels. Cardano (ADA) price dived 12% and broke the main $0.0880 support area. Bitcoin price declined sharply below $11,500, pushing…

Bitcoin Trimming Gains While Ripple Price (XRP) Extending Losses

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Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar. The price even broke the key $0.4220 support level and it is now trading below $0.4150. There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price also declined heavily and it even broke the key $300 support area. Ripple price is facing a strong selling interest against the US Dollar, while bitcoin is trimming gains. XRP price could…

Ethereum (ETH) Price Dives 20%: Recovery Could Be Difficult

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ETH price topped near the $364 level and declined sharply below $350 against the US Dollar. The price is down more than 20% from highs and it is now trading below $310. This week’s followed key bullish trend line was breached with support near $318 on the hourly chart of ETH/USD (data feed via Kraken). There were sharp losses noted in bitcoin, ripple, bitcoin cash and a few other major altcoins. Ethereum price is back in a short term bearish zone versus the US Dollar and bitcoin. ETH price could…

How to Keep Bitcoin Cash Transactions Private

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There are many reasons to keep bitcoin cash transactions private and the top six ways to make them anonymous are outlined in a new video by Bitcoin.com. Meanwhile, the Financial Action Task Force has just released its global guidance for crypto assets, effectively calling on countries and crypto exchanges to strengthen their KYC measures. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms Easy Ways to Keep Transactions Private There are many ways bitcoin cash users can keep their transactions private. Bitcoin.com has produced a new video outlining the top…

This Image Hides 70,000 Dollars in Bitcoin (BTC), Can You Solve it? 

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Satoshi’s Treasure began in April 2019 and features a truly unique online treasure hunt in which users need to find bits and pieces of private keys to access a million dollar Bitcoin wallet. On June 25, 2019, the community discovered the 15th clue hiding three keys inside and the chance to win $70,000 in bitcoin (BTC).  An initiative developed by Primitive Ventures and led by one of its founders Eric Meltzer, the hunt offers interested parties the chance to win a total of one million dollars in BTC. The game…

Charles Hoskinson Thinks Cardano Will Prevail Over Libra in Emerging Markets

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Cardano founder Charles Hoskinson claimed that emerging markets are where cryptocurrencies matter, and that Facebook’s announced virtual currency Libra is not going to find success in this area, according to a report by Finance Magnates on June 26. According to Hoskinson, emerging markets are the future. He says: “Emerging markets are where cryptocurrencies matter […] When I look at the developed world, I don’t care. It’s highly regulated and, in many cases, a rigged system. If I decide to compete with a tech company they can just push me out…

ETC Labs Unveils ETC-ETH Interoperability Solution Backed by Metronome

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San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27. Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH and ETC blockchains. The ETH and ETC blockchains initially split in the summer of 2016 after…