Day: August 29, 2019

What is Algorand ? | CCG

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Algorand (ALGO) is a new cryptocurrency that is trying to address the three biggest issues plaguing the crypto space – decentralization, security, and scalability. Currently, a crypto project can’t improve two features without compromising the third one. Eg. Bitcoin is fully decentralized and secure but has notable scaling problems. On the other hand, while Ripple is secure and scalable, it is highly centralized. Algorand aims to provide a decentralized network for fast (1,000 TPS), secure, and cost-effective transactions. Plus, it will also allow users to efficiently tokenize assets with maximum…

Bitcoin and Ether Market Update: August 29, 2019

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Total crypto market cap lost $13.4 billion of its value since Monday, August 26 and now stands at $249 billion. Top ten coins are all in red for the last 24 hours with Binance Coin (BNB) and Litecoin (LTC) being the worst performers with 17.2 and 10 percent of loses respectively. At the time of writing bitcoin (BTC) is trading at $9,602 on the Bitstamp daily chart, while ether (ETH) dropped to $169 and Ripple’s XRP fell to $0.252. BTC/USD Bitcoin remained relatively flat on Sunday, August 25, 2019, and…

BiboxEurope’s Temporarily Suspended Insta-Buy Following Huge Unexpected Demand Now Back Online

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The recent introduction of BiboxEurope’s credit card Insta-Buy feature has received a great response from the cryptocurrency community. The feature, that went live on August 20,2019 attracted huge user demand, which caused all the bitcoins and ethers allocated to the Insta-Buy feature to run out in no time. However, the service now stands restored. The unexpected demand, during the first day of the feature launch, caught BiboxEurope unprepared, forcing them to suspend the service temporarily. According to the company, they had allocated a total of 52 BTCs and 276 ETHs…

Bakkt to Open Its Warehouse for Physical Storage of Bitcoin on Sept. 6

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The Bakkt Warehouse will provide the safe and secure of physical Bitcoin tokens in a regulated environment starting from September 6th. The Warehouse facility is specifically designed for its physically-settled Bitcoin Futures contracts. Intercontinental Exchange‘s (ICE’s) Bakkt platform has already started some initial preparations as it is set to launch its Bitcoin Futures contracts in the next month on September 23. In its latest announcement on Twitter, Bakkt announced that its Warehouse will start offering customers secure storage of their physical Bitcoin tokens. Bakkt’s Twitter announcement reads: “On Sept 6,…

Bitcoin Price (BTC) Trend Overwhelmingly Bearish, Turned Sell On Rallies

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Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar. The price is currently consolidating near the $9,500 support and remains at a risk of more losses. This week’s followed bearish flag was breached with support near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to extend its decline below the $9,500 and $9,480 support levels in the coming sessions. Bitcoin price fell sharply below the $10,000 and $9,800 supports against the…

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

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The total crypto market cap extended its decline below the $245.0B support area. Bitcoin price dived more than 5% and broke the key $9,800 support area. Binance coin (BNB) price is down around 12% and it traded close to the $22.00 support area. Litecoin (LTC) price is also down around 10% and it broke the $70.00 and $68.00 supports. BCH price declined below the $300 support and tested the $285 support area. Tron (TRX) price is down nearly 12% and traded close to the $0.0150 level. The crypto market cap…

Ripple Price (XRP) Bearish Scenario Active: BTC & ETH Nosedives

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Ripple price is trading in a bearish zone and recently broke the $0.2500 support against the US dollar. Bitcoin price is down around 5% and Ethereum price declined close to 10%. There is a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP/USD pair (data source from Kraken). It seems like yesterday’s discussed bearish scenario is active and the price could soon test $0.2400. Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to bitcoin. XRP price…

Ethereum Price (ETH) Dives Below Crucial Support, Bitcoin Down 5%

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ETH price failed to stay above the key $185 and $180 support levels against the US Dollar. The price is down around 10% and is trading below $172, while bitcoin is down around 5%. There was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower and it may soon test the $165 or $162 support. Ethereum price is down close to 10% versus the US Dollar, with strong bearish moves vs…

Bitcoin Price Struggles to Recover After Slump Earlier Today

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Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board. Market visualization. Source: Coin360 The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day. BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to 6:20 p.m. UTC today — just over 35 minutes’ time. Bitcoin dropped by approximately 6% in this period, falling…

Bitmain Chip Supplier Faces Infringement Lawsuits From Competitor

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TSMC, the world’s largest independent semiconductor foundry and chip supplier for Bitmain, is facing multiple lawsuits from its competitor GlobalFoundries (GF). Alleged patent infringement  GF, the second biggest semiconductor foundry by sales after TSMC, filed several lawsuits in the United States and Germany, accusing Taiwanese TSMC of infringing on 16 GF patents, according to an official GF statement on Aug. 26. In the lawsuits, the California-based company seeks orders to ban TSMC from importing semiconductors produced with its technology to the United States and Germany, with GF claiming that importation…