Day: July 25, 2019

Ethereum Price (ETH) Reverses Sharply, Bitcoin Jumps 5%

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ETH price started a strong recovery after trading towards the $200 support level against the US Dollar. The price gained more than 5% and broke the $210 and $215 resistance levels. Yesterday’s highlighted key bearish trend line was breached with resistance near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and it seems like it could revisit the $230 and $235 resistance levels. Ethereum price is showing reversal signs above $215 versus the US Dollar, similar to bitcoin. ETH price is…

John McAfee Reportedly Released Following Detainment in The Dominican Republic

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Cryptocurrency enthusiast and antivirus software namesake John McAfee appears to have been released by authorities in the Dominican Republic today. McAfee posted a picture on his official Twitter account with the caption: “Leaving detention (don’t judge my looks – four days of confinement). I was well treated. My superiors were friendly and helpful. In spite of the helpful circumstances, we’ve decided to move on. More later.” On July 23, a post was made on McAfee’s twitter account, allegedly by McAfee’s campaign manager Rob Benedicto Pacifico Juan Maria Loggia-Ramirez, saying that…

Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years

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Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23. Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate: “Graph the price of Bitcoin logarithmically […] its trend is going…

Justin Sun Issues Strange Apology in Wake of Warren Buffett Debacle

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Justin Sun, who is in San Francisco, made a very strange post on Chinese social media site Weibo today. Repeatedly apologizing for his recent “over-marketing,” Sun praised China’s brand of socialism. Sun Praises Socialism and Publication That Attacked Him He also praised Caixin, a publication which he had accused of libel the previous day: “Caixin continues to uphold the public interest of social responsibility. Priority, let me see my limitations and smallness, I am sincere and fearful to communicate with Caixin.” The Tron founder said he had stayed up all…

US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future

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United States Treasury Secretary Steven Mnuchin voiced new bearish views on Bitcoin today, saying that he probably will not be talking about the number one cryptocurrency in as soon as five years. In an interview with “Squawk Box” CNBC on July 24, Mnuchin said: “I won’t be talking about Bitcoin in 10 years, I can assure you that […] I would bet even in 5 or 6 years I’m no longer talking about Bitcoin as Treasury Secretary. I’ll have other priorities […] I can assure you I will personally not…