Day: July 17, 2019

The Case $7.5K Could Become Bitcoin’s New Price Support

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Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

The Case $7.5K Could Become Bitcoin’s New Price Support

boss

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

Reddit Co-Founders’s Fund Leads $3.75M Round for Blockchain Gaming Studio

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Reddit co-founder Alexis Ohanian’s venture fund led a $3.75 million seed round for blockchain-powered video game studio Horizon Blockchain Games. According to a press release on July 17, Ohanian’s venture fund Initialized Capital led the new seed round alongside other major blockchain investors such as Polychain Capital and Digital Currency Group. Other investors included popular American crypto exchange and wallet service Coinbase, Golden Ventures and Inovia Capital. The secured funds will support Horizon’s goal of further integrating blockchain tech in the gaming industry. The company has created a blockchain video…

BNB Token Now Listed on BQT Exchange

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New decentralized exchange offering BQT has broken with the tradition of crypto exchanges by choosing Binance’s BNB token as its first-ever listing. While most exchanges shoot straight for BTC, BQT exchange is starting as it means to go on. It intends to offer a carefully curated mix of coins selected for their ability to draw in buyers and sellers, thereby creating liquidity. Naturally, BQT listed also BTC, ETH, and other 42 different pairs. However, according to a Medium post issued by BQT’s founder: “BNB emerges from the pile because of…

Top 5 Trading Options in Hong Kong to Look Out For

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Over a period of time, Hong Kong has gained its position as a leading trading economy in the world. Today, it is the 13th largest trading economy around the world. Hong Kong has become a crown jewel of Asia’s trading and commercial world. There are a number of factors that contribute to Hong Kong’s present status in the trading world. One of the most important factors is Hong Kong’s free trade policy. Unlike other places, the authorities of Hong Kong does not impose any tariff on the import and export…

Bitcoin (BTC) Pausing Rally at $13,000 Isn’t Bearish, Here’s Why

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Bitcoin in Reaccumulation? Bitcoin hasn’t been doing too hot as of late. After hitting $13,000 last week, BTC has dipped, as bulls have failed to pick up the pace. Indeed, volumes have begun to drop, sentiment has begun to dip, and Google Trends interest for “Bitcoin” and related terms are on the downtrend. This has materialized in an approximated 25% drop in the leading cryptocurrency, and upwards of 30% to 40% in altcoins like Ethereum and Litecoin. As of the time of writing this, Bitcoin sits at $9,700, up slightly…

Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job

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After keeping silence for more than a year after kidnapping, former EXMO analyst Pavel Lerner has given his first interview to the media. The name of the former lead analyst of cryptocurrency exchange EXMO Pavel Lerner is known for many members of the crypto community. In December 2017, he was kidnapped and was obliged to pay ransom to his kidnappers. Mr. Lerner has left Ukraine but hasn’t left the crypto space. Now he works for BitSonar and deals with quantum analytics. After the kidnapping, Mr. Lerner hasn’t been leading a…

3 Reasons Why Bitcoin Price Could Nosedive Below $7,500 News

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Bitcoin has suffered a significant setback after dropping in rates by approximately two thousand dollars in the last 48 hours. The bitcoin-to-dollar exchange rate on Wednesday established a fresh lower low of $9,071, down 3.8 percent from the market open. The move downhill erased almost a quarter of bitcoin’s value in the last seven days, marking an end to a prolonged upside action that started during the first quarter of 2019. The latest move the downside appeared after the head of Facebook’s Calibra Project, David Marcus, appeared before the Senate…

Rep. Waters Opens Libra Hearing With Indictment of Facebook’s Past Mistakes

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Today, lawmakers on the United States House of Representatives Financial Services Committee are meeting to discuss the possible effects of Facebook’s proposed Libra cryptocurrency project on the financial system.  As a Cointelegraph respondent reports on July 17, committee chair Rep. Maxine Waters has opened the hearing with an indictment of Facebook’s past behavior. In her statement, Waters said that there was a, “demonstrated pattern of failing to keep consumer data private on a scale similar to Equifax.” Waters also stated that Facebook, “allowed malicious Russian state actors to purchase and…

Libra’s So Terrifying It’s Making Congress Suddenly Embrace Bitcoin

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Facebook’s Libra cryptocurrency is so terrifying that its making politicians do something completely unexpected: embrace bitcoin. | Source: Shutterstock I never thought I’d see a high-ranking politician stand up and declare, “I like bitcoin.” But that’s exactly what just happened. House Minority Leader Kevin McCarthy practically sung bitcoin’s praises this week. How did we get here? How did we go from politicians ignoring and slamming bitcoin to embracing it?  The reason is Facebook. Lawmakers hate Facebook’s cryptocurrency Libra so much, bitcoin is actually starting to look good. As McCarthy explained,…