Day: August 26, 2019

PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto

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The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers? The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out of Switzerland and Lichtenstein by a team of crypto pioneers of early Bitcoin days. Founded in the Thomson Reuters Incubator in 2017, SMART VALOR today is one of the largest players in the Swiss Crypto…

Facebook Still Sweating After Maxine Waters Meets Swiss Libra Regulators – CCN Markets

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By CCN Markets: Facebook’s cryptocurrency project Libra still has more work to do in order to win over the U.S. Congress. According to the chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, a meeting with the Swiss government officials who will regulate Libra Association over the weekend did not allay her concerns. Are the concerns over the U.S. dollar losing clout? In a statement, Waters indicated that she was still hesitant to letting Big Tech develop an ‘alternative global currency’ while stating that the committee’s scrutiny of…

NEC and Partners to Create Blockchain Identity System for Buenos Aires

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A new partnership between a development bank, a nongovernmental organization (NGO) and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires.  IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced they had signed a memorandum of understanding to pursue the project on Aug. 26. Using blockchain to tackle the poverty penalty As NEC’s news release outlines, data from the Buenos Aires City Government reveals that 16.2% of…

Bitcoin, Ether, and XRP Weekly Market Update August 26, 2019

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The total crypto market cap lost $3.3 billion of its value during the last seven days and now stands at $269.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Ripple (XRP) being the worst performers with 6.4 and 3.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $10,306 while ether (ETH) stands at $189. Ripple’s XRP dropped to $0.270. BTC/USD Bitcoin moved upward to $10,324 on Sunday, August 18 and closed the week 10.4 percent lower. The…

Bitcoin Realized Market Cap Hits $100 Billion for the First Time

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The Bitcoin (BTC) network passed a new milestone this week, as new data reveals the extent of altcoins’ losses.  According to data aggregator Coinmetrics.io on Aug. 25, so-called realized market cap has become the latest indicator flashing bullish for Bitcoin.  Realized Bitcoin market cap surpasses $100 billion record Realized market cap, an alternative calculation of Bitcoin’s market capitalization, is now higher than ever before in the cryptocurrency’s history.  Calculated from multiplying the price each bitcoin last traded by the size of each trade, the figure for Bitcoin passed $100 billion…

Bitcoin Hits $10.5K in Minutes as Keiser Says Price ‘About to Explode’

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Monday, Aug. 26 — Bitcoin (BTC) prices temporarily passed $10,500 as the largest cryptocurrency started the week in a bullish mood. Market visualization. Source: Coin360 Margin traders to blame for price volatility? Data from Coin360 revealed an abrupt change from sideways trading over the weekend, with Bitcoin gaining hundreds of dollars in a matter of minutes on Monday.  Having lingered either side of $10,000 for the past three days, BTC/USD suddenly shot up to more than $10,600 on some exchanges before settling at about $10,350. The latest action brings Bitcoin…

Bitcoin (BTC) Price Flirts With Key Resistance After Recent Rally

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Bitcoin price climbed higher sharply above $10,200 and gained around 5% against the US Dollar. The price is clearly struggling to gain strength above the key $10,500 resistance area. There was a break above a key bearish trend line with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is correcting gains and it is testing the broken trend line and the $10,250 support. Bitcoin price is showing signs of a decent recovery above $10,200 against the US Dollar. However, BTC is…

Crypto Market And Bitcoin Facing Hurdles: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap climbed higher, but it failed to surpass the $272.0B resistance. Bitcoin price surged around 5%, but it was rejected near the $10,500 and $10,600 resistance levels. EOS price settled above the $3.600 level and it is facing hurdles near the $3.700 and $3.800 levels. Binance Coin (BNB) is still trading in a bearish zone below the key $27.50 pivot level. BCH price is trading nicely above the $305 and $310 supports, but struggling near $320. Tron (TRX) price is under a lot of pressure and…

Ripple Price (XRP) Hesitates But Further Recovery Seems Likely

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Ripple price is holding the $0.2650 support and is correcting higher against the US dollar. Bitcoin price rallied 5%, but it failed to continue above the $10,500 resistance area. There is a key major bullish trend line with support near $0.2680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend its recovery towards the key $0.2900 and $0.2920 resistance levels. Ripple price is showing signs of a decent recovery against the US Dollar, but struggling vs bitcoin. XRP price might climb…

Ethereum Price (ETH) Rally Could Face, Bitcoin Up 5%

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ETH price is currently correcting higher and is trading above the $190 level against the US Dollar. The price is still trading well below the key $195 resistance area. There was a break above a major declining channel with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to continue above $192 and $194, and it might decline again. Ethereum price is facing a lot of selling interest versus the US Dollar and bitcoin. ETH remains at a risk of a fresh…