Day: September 6, 2019

Bitcoin’s Risk Keeps Most Women Away From Cryptocurrency

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Bitcoin (BTC) is less popular among women because they are less interested in risky investments, according to one of the cryptocurrency’s best-known female proponents. Ryyti: Women “more risk-conscious” In a Twitter discussion on Sept. 5, Miss Universe Finland 2015 winner, Rosa-Maria Ryyti, argued Bitcoin’s risk factor made it more appealing to men. She was responding to a query by analyst and Cointelegraph contributor, Filb Filb, who asked followers why the Bitcoin community was overwhelmingly male.  “Women are more risk-conscious in general and often go for a ‘slow & steady’ investment…

China’s National Crypto Similar to Libra, Central Bank Official Says

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A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. The English-language website of the Hong Kong Economic Journal reported the news on Sept. 6, citing prior coverage by Shanghai Securities News, which is owned by the official Chinese state-run Xinhua News Agency. “We need to plan ahead for a rainy day” Mu Changchun — deputy director of the People’s Bank of China (PBoC)’s payments department — has said that China’s digital currency will be supported across major…

2 Bullish Crosses Suggest a New 2019 High Is in Play

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Bitcoin is back to doing Bitcoin (BTC) things and anyone who bought the dip around the $9,350 local bottom is a happy camper. Surely those who employed a little leverage on that entry are even happier.  Before looking forward, let’s take a moment to review the “Keep It Simple Stupid” approach to trading. On Sept. 2, the Moving Average Convergence Divergence (MACD) pulled off a bullish Bitcoin price crossover and the histogram flipped positive on the daily time frame.  Source: Tradingview The MACD and signal line has yet to cross…

Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times

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A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees.  Someone could have sent 94K BTC for $35 Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion). According to Twitter-based monitoring resource Whale Alert, the transaction did not involve known wallets or those belonging to a specific cryptocurrency-related organization, such as an exchange. One theory suggested the funds may be tied to institutional…

Mystery Behind Sudden Spike in ‘BTC’ Searches Tied to Hurricane Dorian

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Internet searches for what appears to be the Bitcoin price ticker “BTC” have spiked to unprecedented highs, fresh Google Trends data reveals.   Between Aug. 29 and Aug. 31, BTC searches worldwide catapulted from a value of 2, through to 64 (on Aug. 30) and up to the maximal level of search interest, denoted by a value of 100.  As of Sept. 3, the value has dropped back to 74 — yet the sudden surge in BTC searches seems even more unusual given that searches for “Bitcoin” have stayed virtually level…

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

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Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges. The release states: “Fireblocks, an enterprise platform for securing digital assets in transit, announced today five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global’s…

Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products

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There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product. Also read: Indian Government’s New Report Views Crypto Positively New Bitcoin Product Emerges Despite efforts by many companies, the SEC still has not approved a bitcoin exchange-traded fund (ETF). The commission has been taking its time to evaluate any proposed rule changes for such…

Bitcoin Price (BTC) Primed For Lift-Off Above $11K

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Bitcoin price is gaining momentum and it recently traded above $10,700 against the US Dollar. The price is currently testing the key $10,800 resistance area and it might correct a few points. There is a new bullish trend line forming with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains well bid and it is likely to climb further above the $10,800 and $11,000 resistances. Bitcoin price is trading in an uptrend above $10,600 against the US Dollar. BTC surge once…

Crypto Market Cap And Bitcoin Gaining Pace: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is climbing higher and it may soon break the $265.0B resistance. Bitcoin price is now trading nicely above the $10,600 level, with a positive angle. EOS price is currently consolidating near the $3.300 level. Binance Coin (BNB) is gaining momentum and is currently trading above the $22.25 level. BCH price may soon make another attempt to surpass the $300 and $305 resistance levels. Tron (TRX) price is extending losses and it recently broke the key $0.0150 support area. Bitcoin (BTC), binance coin (BNB) and the…

Ripple Price (XRP) Facing Hurdles While Bitcoin Remains Supported

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Ripple price extended its decline and traded towards the $0.2520 level against the US dollar. The price is currently correcting higher, but it is facing resistance near the $0.2570-$0.2580 area. There is a key bearish trend line forming with resistance near $0.2565 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more downsides if it fails to stay above the $0.2520 and $0.2500 supports. Ripple price is trading in a bearish zone against the US Dollar and bitcoin. XRP price…