Day: July 24, 2019

Bitcoin Price (BTC) Accelerating Downsides, Bears Eye $9,200

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Bitcoin price struggled to recover above $10,400 and declined recently against the US Dollar. The price declined heavily and even broke the key $10,000 support level to enter a bearish zone. Yesterday’s highlighted key bearish trend line is intact with resistance near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bearish angle and it could even test the $9,200 support area. Bitcoin price is under pressure below the $10,000 support against the US Dollar. BTC price is likely…

Fraudsters Impersonate United Kingdom’s FCA in Bitcoin Email Scam

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The Financial Conduct Authority (FCA), the top financial watchdog of the United Kingdom, has warned crypto enthusiasts of a scam email that has been impersonating it in a bid to lure unsuspecting investors into investing in a fake bitcoin (BTC) investment scheme, reports FT Adviser on July 22, 2019. Scam Bitcoin Email Not from the FCA As the prolonged crypto winter of 2018 has finally given way to crypto ‘”spring,” with the bulls getting ready to take over the cryptoverse once again, bad actors have advanced their game in anticipation…

Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap extended losses and broke the $260.0B support area. Bitcoin price is down more than 6% and it recently broke the $10,000 and $9,800 supports. Binance coin (BNB) price declined around 8% and it is back below the $30.00 support area. Litecoin (LTC) price failed to hold the $90.00 support level and declined heavily. BCH price declined nearly 10% and broke the key $300 and $290 support levels. Tron (TRX) price trimmed all its recent gains and declined below the $0.0250 support. The crypto market cap…

Ripple Price (XRP) Could Extend Losses, Bitcoin Settles Below $10K

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Ripple price struggled to recover above the $0.3250 resistance and extended losses against the US dollar. The price traded below the $0.3100 support and traded close to the $0.3025 level. There is a significant declining channel forming with resistance near $0.3120 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses and it could even test the $0.2960 support level. Ripple price is gaining bearish momentum against the US Dollar and bitcoin. XRP price could decline further unless the…

The New York Times Using Hyperledger Fabric to Fight Fakes News

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The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files. According to a new website for NYT’s News Provenance Project, the newspaper will use blockchain technology to fight misinformation in the media. The project’s purported aim is to provide a platform that is widely applicable to variously-sized publications. Blockchain technology will purportedly aid the project in recording metadata about video and audio recordings that are published by news organizations. The New Provenance Project is currently in its…

Ethereum Price (ETH) Primed To Revisit $190, Bears In Control

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ETH price remained in a bearish zone and broke the $208 support area against the US Dollar. The price tested the $200 support area and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower and it seems like it might soon test the $190 support zone. Ethereum price is currently trading with a bearish bias versus the US Dollar and bitcoin. ETH…

Prominent Nigerian Politician Calls for Legal Framework for Cryptocurrencies

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Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country. According to a report by Nigerian news daily Daily Post on July 23, Gbajabiamila wants the country to develop clear regulations for digital assets so that the country does not get left behind as cryptocurrencies become more widely adopted.  Speaking at a visit by the board of the Nigerian Deposit Insurance Corporation (NDIC), Gbajabiamila said: “On the issue of cryptocurrency, I think blockchain technology is novel and coming…