Day: August 14, 2019

Dallas Mavericks Become Second NBA Team to Accept Bitcoin

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The Dallas Mavericks have become the second NBA team to accept Bitcoin (BTC) as a means of payment for match tickets and merchandise. A tweet from cryptocurrency payment processor BitPay confirmed the news on Aug. 13.  Mavs’ billionaire owner is a crypto enthusiast Cryptocurrency adoption has been on the horizon for the Mavs since early last year, when team owner and billionaire tech investor Mark Cuban hinted that fans would soon be able to use Bitcoin to buy tickets to the team’s games. A year and a half later, Cuban’s…

Bitcoin (BTC) Price Hits Weekly Bearish Target: $10K Could Be Next

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Bitcoin price broke the key $11,200 support level and declined below $11,000 against the US Dollar. The price tested the $10,500 bearish target (as discussed in the weekly forecast). There is a major bearish trend line forming with resistance near $11,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $10,500 and $10,320 levels. Bitcoin price is gaining bearish momentum below $11,000 against the US Dollar. BTC price tested the weekly bearish target of $10,500 and…

Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap declined further and broke the $280.0B support area. Bitcoin price is down more than 6% and it recently traded below the $10,800 support. Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range. BCH price performed nicely and jumped more than 5% to break the $340 resistance. Tron (TRX) price is grinding lower towards the $0.0200 support level. Cardano (ADA) price is currently recovering above the $0.0525 resistance level. The crypto market cap and bitcoin (BTC) are extending losses…

Ripple Price (XRP) Targets Fresh Weekly Low After Bitcoin Nosedives

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Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar. The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000. There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is facing an uphill task and it could even break the $0.2900 support area in the near term. Ripple price is trading with a bearish angle against the US Dollar,…

Ethereum Price (ETH) Holding $200 While Bitcoin Dived 6%

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ETH price is struggling to correct higher above the $215 resistance against the US Dollar. Ethereum price is still holding the $200 support, while bitcoin declined 6% to trade below $11,000. There is a major bearish trend line forming with resistance near $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more downsides unless it breaks the $215 and $220 resistance levels. Ethereum price is holding the key $200 support versus the US Dollar, whereas recovering vs bitcoin. ETH price might…

Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow

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Disclaimer: this story is breaking and will be subject to updates. British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase. As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018. The news is expected to hit the crypto community hard, as, in addition to linking a major crypto exchange with a heavy hitter among the traditional banking establishment, the break may…

Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?

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There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talking points, and acceptance of crypto donations. But it remains to be seen if the leader of the “Yang Gang” will be a proponent of Bitcoin in the fullest sense of the word, or which of his fellow candidates might do it better. Also Read: How Bridging Blockchains Unlocks Value…

Icon to Giveaway $570,000 in Tokens to Promote Voting, Decentralization

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The Icon Foundation, the group behind the Icon blockchain network, is giving away 3 million ICX tokens — worth ~$570,000 — in anticipation of its upcoming Public Representative (P-Rep) elections. The giveaway will last from August 26 to September 24 for IXC token holders who opt to participate in P-Rep voting. Icon shared news of the giveaway in a press release on Aug. 13. According to the announcement, the giveaway is an effort to promote community involvement in the so-dubbed P-Rep elections, and to advance decentralized control of the network. …