Day: August 20, 2019

BitFlyer and Tpoint Japan Team Up to Offer Bitcoin Loyalty Program

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Cryptocurrency exchange bitFlyer and technology services company Tpoint Japan announced a new partnership that allows local customers to exchange loyalty program points for Bitcoin (BTC) and earn rewards for paying in crypto. The official press release states: “As part of our mission of ‘Making the world simpler with blockchain’, we will continue to contribute to the further development of a sound virtual currency industry. Tpoint Japan aims to turn their well-known points into ‘Points for people. Points for connecting people and society.’ Participating locations include Bic Camera, Yamada Denki, H.I.S.,…

Prominent Analyst Slams XRP as a ‘Scam Coin’ Following a Lawsuit against Ripple

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An old Ripple (XRP)trade controversy has once again emerged from the shadows. The crypto company has been recently accused of selling unregistered securities by one of its investors, Bradley Sostack. And this time, the topic has once again surfaced with a bellicose tweet of cryptocurrency analyst Tone Vays. Vays states in his tweet that “[t]he SEC is bringing Thor’s Hammer… The next #Bitcoin Law Review is gonna be epic… Come at me $XRP Army “of the Brain Dead” your scam coin should never have existed #Ripple Corp!” The famous crypto…

Bitcoin Twitter Handle With 1 Million Followers Renounces Bitcoin Cash

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Bitcoin’s (BTC) best-known names are currently playing a guessing game after one of the industry’s most controversial Twitter accounts changed its views overnight. @Bitcoin switches from Bitcoin.com to Bitcoin.org Multiple users, including Reddit’s r/Bitcoin Subreddit moderator, BashCo, are supplying theories to explain the behaviour of the @Bitcoin account.  @Bitcoin has almost one million followers, yet its name has formed a misnomer for years. Instead of promoting Bitcoin, the account has long maligned it in favor of altcoin Bitcoin Cash (BCH) after allegedly falling into the hands of major proponent, Roger…

Bitcoin’s Youngest Millionaire Launches Crypto-Based ‘Libra Killer’

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Cryptocurrency payment app Metal has launched as a full version in what creators say will dominate the market over Facebook’s Libra. In a social media post Aug. 19, Erik Finman, who co-founded Metal together with former QuickCoin co-founder, Marshall Hayner, confirmed users could now send and receive a range of cryptocurrencies.  ‘Libra killer’ will challenge Facebook with crypto Metal functions as a P2P payment app, and now supports various tokens including Bitcoin (BTC) and Ether (ETH). Previously, the only payment option supported by the app was its own in-house token,…

People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

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Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility. On Aug. 19, Allaire voiced his sentiment during the CNBC’s Squawk Box. He explained:  “Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both…

Bitcoin (BTC) Price Could Revisit $11.2K or $11.4K

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Bitcoin price extended gains above the key $10,600 and $10,800 resistances against the US Dollar. The price is currently correcting lower after trading to a new weekly high at $10.960. Yesterday’s highlighted major bullish trend line is intact with support near $10,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct lower, but it seems like the bulls are eyeing a test of the $11,200 resistance area. Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC is likely to…

Bitcoin & Crypto Market Cap Rising: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap broke a major resistance area near the $272.0B level. Bitcoin price jumped more than 5% and broke the $10,600 resistance area. Binance coin (BNB) price recovered above $28.00, but it struggled to surpass the $29.00 resistance. Litecoin (LTC) price is still trading well below the $80.00 resistance area. BCH price extended gains and traded above the $320 resistance level. Tron (TRX) price struggled to climb above the $0.0180 resistance area. The crypto market cap and bitcoin (BTC) are showing positive signs. Ethereum (ETH), litecoin, ripple,…

Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies

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Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar. Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels. Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline a few points, but it remains supported above $0.2700. Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply…

Ethereum Price (ETH) Trading Near Make-or-Break Levels

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ETH price extended its recent upward move and tested the $202 resistance against the US Dollar. The price is struggling to gain bullish momentum above the $202 resistance area. There is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline a few points, but dips remain supported near $198, $195 and $192. Ethereum price is showing positive signs above $195 versus the US Dollar, while bitcoin is up 5%. ETH price is likely to accelerate…

Bitcoin Buyers Bask in Latest Legal Defeat for Bitfinex & Tether

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The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCN By CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether. On Monday, the New York Supreme Court ruled that the matter between the state’s Attorney General and iFinex can continue. It’s the parent company of the exchange Bitfinex. The ruling paves the path for the…