Month: July 2019

Where Bitcoin, Ethereum, & Ripple Go Next After This Vicious Sell-Off – CCN Markets

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Bitcoin, Ethereum, and Ripple (XRP) are scrambling to recover from a vicious sell-off. Here’s what the technical indicators say. | Source: Shutterstock  After opening the week on reasonably stable ground, major cryptocurrencies including Bitcoin, Ethereum, and Ripple endured painful sell-offs on Wednesday that thrust them below key levels. However, technical indicators suggest that the worst might be over for the crypto market. But only if BTC, ETH, and XRP secure important short-term milestones. How the Bitcoin Price Could Recover Back to $11,000 The Bitcoin price has been struggling to secure…

Where Bitcoin, Ethereum, & Ripple Go Next After This Vicious Sell-Off

boss

After opening the week on reasonably stable ground, major cryptocurrencies including Bitcoin, Ethereum, and Ripple endured painful sell-offs on Wednesday that thrust them below key levels. However, technical indicators suggest that the worst might be over for the crypto market. But only if BTC, ETH, and XRP secure important short-term milestones. How the Bitcoin Price Could Recover Back to $11,000 The Bitcoin price has been struggling to secure credible support for two weeks, ever since it slid below the $13,000 mark. The war of supply and demand is playing out…

Eleesa Dadiani Wants to Revolutionize the Crypto World and Discard Price Volatility

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The young chief executive officer of the “Dadiani Syndicate,” Eleesa Dadiani, has vowed to revolutionize the crypto community by chasing price volatility out the door. Quite an ambitious goal, when considering that volatility and crypto go hand-in-hand since the inception of the first cryptocurrency, Bitcoin (BTC)trade. “I’m an opportunist. I’m not a specialist in anything, I’m a school dropout,” Dadiani admits proudly. “I have a good nose for things, when something is about to gallop. And so twice I’ve now had good timing. Once when people needed to cash out…

21% of Bitcoin Hasn’t Moved for Five Years, Stroking Monumental Supply Shock

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A record amount of bitcoin is sitting dormant, according to statistics by Coinmetrics. The report reveals that 21.6 percent of the total BTC supply hasn’t moved for five years – that’s almost 4 million coins. It suggests that bitcoiners are increasingly holding for the long-term. Coinmetrics’ analysis appears to validate the cryptocurrency’s use case as a store of value. As the report explains: “This potentially signals that BTC is increasingly becoming a store of value, as opposed to a medium of exchange.” The figures also reveal that bitcoin’s available supply on…

Scam Ads on Facebook Fraudulently Offer its Own Cryptocurrency Libra

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According to a recent Washington Post report, the new cryptocurrency developed by Facebook, Libra, has already started being nefariously promoted by the worst in the social networking community with a recent scam: Facebook ads that are offering the cryptocurrency in a span of less than a month after the announcement of the project, even though it doesn’t even exist publicly yet. Facebook is already notorious for legions of fake accounts within the social network, and now many of these fake accounts impact the credibility of Facebook upcoming digital currency, Libra.…

Bitcoin Payments Priority For Norwegian Air, Says Senior Executive

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Bitcoin (BTC) payments should be coming to Norway’s low-cost airline Norwegian Air this year, after its co-founders set a date for opening their own cryptocurrency exchange. According to local finance newspaper Dagens Næringsliv, the Kjos family intend to launch trading on their nascent NBX exchange in August.  Swiftly expanding into neighboring countries, the publication said the Kjoses, who are already known to have purchased considerable amounts of Bitcoin, will integrate cryptocurrency into Norwegian Air’s payment options.  NBX was already public knowledge, but the exact date and crypto payment plans represent…

Bitcoin Will Establish New All-time Highs in Early 2020: Analyst

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The price of bitcoin is down by more than 30 percent from its 2019 high. But the cryptocurrency is eyeing a strong bull run in the long-term scenario, says prominent market analyst FlibFlib. The crypto trader said on Wednesday that he believes bitcoin would jump above its all-time high of $20,000 in early 2020. He stated that the cryptocurrency, in the near-term scenario, is looking to consolidate between a wide range defined by $6,500 as support and $10,000 as resistance. But, given the present active fundamental and technical catalysts, bitcoin…

Sumitomo and bitFlyer to Build Blockchain Real Estate Platform in Japan

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Japanese commercial giant Sumitomo Corporation has partnered with a sister company of local cryptocurrency exchange bitFlyer to launch a blockchain real estate business. As Cointelegraph Japan reported on July 23, bitFlyer Blockchain will develop an umbrella platform for renting real estate, driven by smart contracts on its in-house Miyabi blockchain.  Speaking to local tech news outlet CNET Japan, Yuzo Kano, managing director of bitFlyer Blockchain, added that the aim of the project was to enable rental parties to complete the entire process from a smartphone. “It can greatly simplify the…

Why Traders See Bigger Pullback After Bitcoin Price Plunge to $9,565

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The bitcoin price recorded a large drop on July 24, plunging by nearly $700 overnight from $10,200 to $9,565, leading the valuation of the crypto market to slip by $12 billion. Despite the 6 percent overnight drop of the bitcoin price, some technical analysts foresee a bigger pullback in sight for the dominant crypto asset. Is a larger drop for bitcoin price possible? DonAlt, a cryptocurrency technical analyst and trader, said earlier this week when the bitcoin price was hovering above $10,200 that two major supports for bitcoin can be…

Esports Platform With 260,000 Users Offers ‘Thrilling Live Fantasy Games’

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An esports platform with a working product on the Ethereum mainnet says it is tackling the centralized nature of the online betting industry by enabling users to place wagers with their friends and family instead of old-fashioned bookmakers. Hero says it has amassed more than 260,000 registered users and a community in which anyone can create contests based on a plethora of sporting events. In recent months, the company has focused its resources on offering compelling markets for titles such as Dota 2, League of Legends and Counter Strike: Global…