Day: July 2, 2019

Facebook’s Libra Will Benefit Bitcoin But ‘Destroy’ Banks, Says Industry

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Facebook’s new cryptocurrency project really can boost bitcoin (BTC), new sources, among them a report from equity research platform Seeking Alpha, said this week.  Capitalizing on existing theories about the social media giant’s Libra protocol, the brief report suggested that publicity from mainstream consumers will ultimately flow into bitcoin.  The collateral attention will only help the bitcoin price and its overall acceptance, particularly in the face of global market uncertainty. “I believe that Libra will allow users to be more inclined to use bitcoin as a peer-to-peer payment system while…

You Want Bitcoin? Now It’s Time to Buy as BTC Price Sinks Below $10,000

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Bitcoin (BTC) went really down sinking below $10,000 price level. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains. However, analysts agree that this is a time to buy. This year is probably the last one to get Bitcoin under 10K, at least if you ask Novak Svrkota, the crypto fund manager. He said that he is looking for re-entry targets about $6000. However, he advises buyers to be patient until the end of this year. He said: “Next year I expect new all…

You Want Bitcoin? Now It’s Time to Buy as BTC Price Sinks Below $10,000

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Despite sharp Bitcoin price swings, it has been profitable as an investment 98.2% of the days since its creation. If you want to become a member of crypto community and earn some money – analysts say it’s time to buy. Bitcoin (BTC) went really down sinking below $10,000 price level. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains. However, analysts agree that this is a time to buy. This year is probably the last one to get Bitcoin under 10K, at least if…

Binance Launching Crypto Futures Trading Platform With Up to 20x Leverage

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Changpeng Zhao, CEO of top crypto exchange Binance, has revealed the company plans to launch a futures trading platform, with initial support for BTC/UTSDT contracts at a leverage of up to 20x.  The CEO made his announcement during a keynote speech delivered at the Asia Blockchain Summit in Taipei earlier today, July 2.  According to Cointelegraph’s reporter at the scene, Zhao — better known by his industry moniker “CZ” — indicated that while there is as yet no exact launch date for the new “Binance Futures” trading platform, a simulation…

Mt. Gox Vulnerability Covered Up by Founder McCaleb, Lawsuit Alleges

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The latest in the long trail of events since the 2014 shutdown of the then-largest — but now defunct — cryptocurrency exchange Mt. Gox is a lawsuit that two former traders on the exchange brought against founder Jed McCaleb. The traders, Joseph Jones and Peter Steinmetz, allege McCaleb of fraudulently and negligently misrepresenting Mt. Gox to “induce” traders to use the exchange. The duo, who filed the lawsuit on May 19 in a court in California, allege that McCaleb was aware of “serious security risks” in the architecture of Mt. Gox back…

Cardano Founder Responds To Critics, ADA On The Chopping Board

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Cardano (ADA) crumbling, down 18.7 percent Facebook gives nothing in return says, Charles Hoskinson Charles Hoskinson, the co-founder of Cardano, is often brazen. After forcing changes in the Cardano Foundation, he now says Facebook enslaves and gives nothing in return. Presently, ADA is down 18.7 percent week-to-date. Cardano Price Analysis Fundamentals Online commentators believe that Facebook is a primer, readying crypto assets to new highs. With a broad user base of over 1.7 billion spread across the globe, Facebook’s stablecoin in Libra will indeed shed light on what crypto and…

Bitcoin Trades at 650% Premium in Zimbabwe, Price Shoots $75,000

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LocalBitcoins Zimbabwe sees massive trading volumes as Bitcoin trades for a huge premium amidst the worsening economic conditions in Zimbabwe. BTC price hits $75,000. Bitcoin has entered a major correction in the last five days and the price of the world’s largest cryptocurrency slips below $10,000. Since last Thursday, June 27, Bitcoin (BTC) price has lost nearly 30% from its 2019 peak of over $13,700. Thus, after a massive bull run throughout June 2019, bears are now dominating the bulls. However, the situation is not the same everywhere! In the…

Leading Restaurant Chain in Singapore Debuts Bitcoin Payments

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Kopitiam has announced plans to accept bitcoin payments as part of the company’s efforts to adopt digital payment means, The Business Times reports, July 01, 2019. The move forms part of a growing wave of cryptocurrency adoption sweeping across Singapore and Southeast Asia as a whole. Bitcoin Adoption Opens New Payment Vistas According to The Business Times, the Singaporean food court operator Kopitiam has finalized plans to accept payment in bitcoin and other cryptocurrencies. The company reportedly designed an in-house system dubbed KOPItech that will allow customers to pay using…

Bitcoin Price Dives 10%: Bears Seem To Aim $9,200

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There were continuous losses in bitcoin price below the $10,500 support against the US Dollar. The price even broke the key $10,000 support and traded to a new weekly low. There is a major declining channel forming with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses and it could break the $9,500 support area. There were additional bearish moves in bitcoin below the $10,500 support against the US Dollar. BTC price is down more…

Bitcoin Price Drops Under $10,000 as Downtrend Continues

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Monday, July 1 — Bitcoin (BTC) lost its grip on the $11,000 price mark earlier today to sink below $10,000 at press time. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains, according to data from Coin360. As Cointelegraph reported earlier, market analysts were expecting a 40% correction from the recent highs of around $13,900. The current price of bitcoin means that this target is now nearly reached.  “$9715 will be the 30% correction for BTC,” commented popular trader Josh Rager this morning. He…