Day: July 18, 2019

Bitcoin Price Bounces Back Near $10K But Analysts Aren’t Convinced

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Bitcoin (BTC) was challenging the $10,000 barrier again on July 18 after a modest uptick broke up several days of losses.  Market visualization. Source: Coin360 A sea of green for Bitcoin and altcoins Data from Coin360 showed BTC/USD hovering just below the significant marker Thursday, circling $9,900 on the back of 2.9% gains over the past 24 hours.  The pair had encountered difficulties over the week, declining from near $11,000 to hit local lows close to $9,000.  Bitcoin 7-day price chart. Courtesy of Coin360 Analysts immediately sounded the alarm about…

For $15K, He’ll Fake Your Exchange Volume – You’ll Get on CoinMarketCap

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The Takeaway Gotbit inflates trading volumes on obscure cryptocurrency exchanges for a fee and has about 30 token projects as clients. The firm programs bots to trade tokens back and forth with each other, creating the illusion of active markets so the assets can get listed on CoinMarketCap. Its co-founder says exchanges are aware of this manipulation but are not interested in stopping it. While it’s rare to hear market manipulators talk openly about their trade, there are other businesses like this out there, experts say. To cryptocurrency professionals trying…

For $15K, He’ll Fake Your Exchange Volume – You’ll Get on CoinMarketCap

boss

The Takeaway Gotbit inflates trading volumes on obscure cryptocurrency exchanges for a fee and has about 30 token projects as clients. The firm programs bots to trade tokens back and forth with each other, creating the illusion of active markets so the assets can get listed on CoinMarketCap. Its co-founder says exchanges are aware of this manipulation but are not interested in stopping it. While it’s rare to hear market manipulators talk openly about their trade, there are other businesses like this out there, experts say. To cryptocurrency professionals trying…

Bitcoin and Ether Market Update: July 18, 2019

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The total crypto market cap lost another $25 billion of its value since Monday, July 15, and dropped down to $264.5 billion. The top ten coins are mostly in green for the last 24 hours with most of them registering double-digit gains. Bitcoin SV (BSV) and Litecoin (LTC) are the best performers with 15 and 13 percent increase respectively. At the time of writing bitcoin (BTC) is trading at $9,748 on the Bitstamp daily chart, while ether (ETH) stands at $215 and Ripple’s XRP dropped down to $0.312. BTC/USD Bitcoin…

G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative

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The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT. Replace SWIFT with a global crypto payments network? Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s push for the network is motivated by a resolve to combat money laundering more effectively. While plans are being kept firmly under wraps, the source alleged that Tokyo hopes to have the network established within the next few years.  Plans for the network were reportedly…

French Regulators Set to Approve Bitcoin-Linked Firms

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France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax remittance and capital requirements, reports Reuters on July 17, 2019. French Regulators Enact Amenable Crypto Laws Per sources close to the matter, these are exciting times indeed for blockchain and cryptocurrency-linked startups in France, as the nation’s financial authority is…

Bitcoin Price (BTC) Showing Recovery Signs But Can It Break $10K?

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Bitcoin price declined heavily and traded below the $10,000 and $9,500 levels against the US Dollar. The price traded close to the $9,100 level and recently started an upside correction. Yesterday’s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $9,900 and $10,000 resistances in the near term. Bitcoin price extended losses towards the $9,100 level against the US Dollar. BTC is currently correcting…

Bitcoin & Crypto Market Near Key Juncture: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap declined towards the $235.0B level and recently corrected higher. Bitcoin price is also correcting higher, but it is facing hurdles near $9,800 and $10,000. Binance coin (BNB) price recovered more than 10% and broke the $27.00 resistance area. Litecoin (LTC) price rallied recently above the $80.00 and $85.00 resistance levels. BCH price is slowly approaching towards the key $300 resistance area. Tron (TRX) price is up around 10% and it is currently trading above the $0.0220 level. The crypto market cap and bitcoin (BTC) are…

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

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Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is…

Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto

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For the uninitiated, voluntaryism is a philosophy based on consent. In the simplest terms it says: “If it’s not voluntary, it’s not moral.” This basic statement is often countered with “Yes, but not everyone agrees on that, some people use violence to get what they want.” This is 100% true. And this is why voluntaryists are not pacifists, but believe in and support self-defense. Self-defense as per voluntaryism is defined as protecting one’s property, which begins with the self. As such, the philosophy and its adherents have taken a remarkable…