August 12, 2019

Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000

August 12, 2019 boss

Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving. Bitcoin traders split into 3 groups Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps. The first took the bearish perspective and predicted a pullback to $8,500-$7,500, often citing the CME gap. The second envisioned a lengthy period of…

Zcash ‘Brexits’ as Coinbase Delists Privacy-Focused Altcoin in the UK

August 12, 2019 boss

United Kingdom-based customers of Coinbase are reportedly being informed that the exchange will be dropping support for the privacy-focussed Zcash as of Aug. 26, 2019. The same does not appear to apply to United States or European Union customers, however, prompting speculation on the reasoning behind the move. Convert, send, or be liquidated The communication being sent to customers gives a number of options on how to proceed. Option one, any Zcash held on Coinbase can be converted into any other cryptocurrency on the exchange. Option two, simply send the…

Bitcoin Price Faces Struggle to Hold Above $11K After Range Breakdown

August 12, 2019 boss

View Bitcoin’s short duration charts indicate the bears are in control and prices could drop below $11,000 in the next 24 hours. A strong bounce from the 5- and 10-week moving averages at $10,804 and $10,625, respectively, could fuel a rise back to $12,000. A high-volume weekly close (Sunday, UTC) or a back-to-back daily close above $12,000 is needed to revive the bullish outlook. Bitcoin (BTC) could drop below $11,000 in the next 24 hours, after sellers took victory in a four-day-long tug of war with the bulls. The top…

Ethereum Classic Name Change Would Get Other Cryptos ‘Rekt,’ Says Dev

August 12, 2019 boss

Ethereum Classic Labs’ Stevan Lohja says that many top cryptos would be “rekt” by Ethereum Classic (ETC) if it removed “Ethereum” from its name. In a tweet posted on Aug. 11, Lohja — who works as technology coordinator at Ethereum Classic Labs — wrote: “Opinion: Many #cryptocurrency in the top market cap would be absolutely #Rekt by #EthereumClassic if we removed #Ethereum from the brand. I know we are original Ethereum project, but maybe this can be water cooler chatter at summit eh?” Classic X As Cointelegraph has previously reported,…

15 Industrial Countries to Develop Global Crypto System to Stop Illegal Activities

August 12, 2019 boss

According to the leading Asia news outlet Nikkei Asian Review, several major industrial countries have joined forces to create a new infrastructure that collects and share personal information of users who are associated with crypto transactions. The aim is to prevent the illicit activities of money laundering and financing terrorism via crypto. The said worldwide crypto system will be designed and developed by the Financial Action Task Force (FATF), an international organization comprising more than 30 member countries and economies under the sponsorship of the G20, which has already recommended…

Buy Bitcoin on This Dip, Say Goldman Sachs Analysts

August 12, 2019 boss

After pulling back from 2019 highs, the bitcoin price is at a prime buying opportunity for long-term investors. Source: Shutterstock The bitcoin price is at a prime buying opportunity, according to analysts at Goldman Sachs Securities Division. In a note to investors, Goldman Sachs outlined a strong bullish case for the long-term bitcoin price. The note claims BTC may be on the verge of another price explosion similar to the 200 percent rise we saw earlier this year. “Any such retracement from $12,916 – $13,971 should be viewed as an…

Korean Internet Giant Kakao Teases Its Crypto Wallet for 50M Users

August 12, 2019 boss

South Korean internet giant Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip. According to a report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as part of the “More” tab on its messaging app KakaoTalk — the platform into which the real wallet will eventually be integrated. 50 million active users will have access to the wallet The Klip wallet — developed by Kakao’s blockchain subsidiary, GroundX, will allow users to store the Klaytn they earn online. With a…

Ether Price Will Hit $1,000 Again, Survey Says as Altcoin Faith Remains

August 12, 2019 boss

Ether (ETH) is most likely to trade above $1,000 again in the future, according to the global cryptocurrency Twitter community. 54% say $1k Ether price possible According to the results of a survey administered by An Altcoin Trader’s Handbook author Nik Patel on Aug. 10, 54% of respondents think ETH/BTC will see $1,000 once more. Ether is the largest altcoin by market cap, but has seen its share of the crypto pie relative to Bitcoin (BTC) decrease dramatically since its all-time highs in January 2018. Having previously reached more than…

Bitcoin Price ‘Shows Muscle’ Bitsonline

August 12, 2019 boss

Technical Analysis: Bitcoin Price ‘Shows Muscle’ August 12, 2019 by Ramiro Burgos Here’s some welcome news: the bitcoin price is showing some muscle while it goes sideways. This means it’s challenging a wide distribution zone and indicating it could prevail in a bullish trend. What are the long, mid and short-term outlooks? Read our weekly technical analysis to find out more. Also read: Bitcoin Price Is Creeping Slowly Back Up. Is It a New Hope Phase? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical…

Bitcoin Price ‘Shows Muscle’ Bitsonline

August 12, 2019 boss