Day: September 17, 2019

Bitcoin Price (BTC) At Clear Risk of Further Declines

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Bitcoin price failed to hold the key $10,300 and $10,250 support levels against the US Dollar. The price is currently trading with a bearish bias and recently tested the $10,000 support area. There is a key bearish trend line forming with resistance near $10,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to revisit the $10,000 support level as long as it is below $10,400. Bitcoin price is trading with an increased bearish bias against the US Dollar. BTC might accelerate its…

Filipino Authorities Arrest 273 Bitcoin Scammers

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Law enforcement agents in the Phillippines while acting on a tip from the Chinese Embassy, have arrested 273 Chinese nationals for allegedly defrauding over 1,000 investors in a cryptocurrency investment scam, reports Inquirer on September 16, 2019. End of the Road Per sources close to the matter, Philippines law officials while acting on the tip from the Chinese Embassy uncovered a fraudulent crypto scheme in the country that has already scammed over 1,000 investors in China. As part of its investigation, local authorities including agents of the Bureau of Immigration’s…

Thai Crypto Scene Still Reeling From Top Exchange Bailout

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Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure. The news left crypto traders dazed and confused and fearing a wider crackdown from the military dominated government. A Dark Day For Thai Crypto September 2 was a dark day for the crypto industry in the Asian nation as its most popular exchange told clients they had a month to clear out their accounts. The only explanation BX Thailand gave to its large customer base was that it wanted to…

Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis

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The total crypto market cap is holding the main $250.0B support area, with positive signs. Bitcoin price could recover as long as it is above the $10,000 support area. Litecoin (LTC) price is eyeing an upside break above the $73.00 and $75.00 resistances. Bitcoin cash price is currently consolidating above the key $300 support area. EOS price is trading in a range above the $4.000 support, with bullish signs. Stellar (XLM) price is likely to make another attempt to surpass the $0.0600 resistance. The crypto market cap is showing positive…

Ripple Price (XRP) Facing Uphill Task, Can Bulls Make It?

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Ripple price is still struggling to surpass the main $0.2650 resistance area against the US dollar. The price is showing a few positive signs, but it must break the $0.2650 resistance level. There is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either rally above $0.2650 or it might resume its decline below the $0.2580 level. Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs bitcoin. XRP…

Ethereum Price (ETH) Touches $200 While Bitcoin Is Declining

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ETH price extended its gains above the $195 resistance level against the US Dollar. Bitcoin price is down more than 1.5% and it recently broke the $10,250 support area. Yesterday’s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating gains and it might soon attempt to climb above the $200 resistance. Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while bitcoin is declining. ETH price could continue to…

Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Goes Live

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Hedera Hashgraph has launched its long-awaited public network, backed by some of the world’s largest corporations and promising faster transactions and greater capacity to scale than any blockchain to date. Since December 2018, the network had been available in a testing environment to a small group of corporations and developers. As of 00:00 UTC Tuesday, anyone can open an account or build a decentralized app (dapp) on the hashgraph, which is similar to a blockchain but uses a different mechanism to achieve consensus about the state of the ledger. With…