Day: November 8, 2019

How Crypto Winters of Bitcoin’s Past Compare to Today

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Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Slide Again, Making Traders Question Whether Crypto Winter Is Really Over After BTC and other digital currencies touched all-time highs in 2017, the following months…

Bitcoin Falls 4.3%, Slipping Below $9,000 for First Time in Two Weeks

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Bitcoin fell 4.4 percent Friday, slipping below $9,000 for the first time in two weeks. Analysts cited a lack of positive market drivers and speculation that the U.S. Federal Reserve might pause this year’s rate-cutting cycle, which could curb demand for the cryptocurrency as a potential inflation hedge. The price dropped to $8,800 as of 18:57 UTC (1:57 p.m. New York time), according to Trading View. It’s still more than double where bitcoin was at the start of the year, leaving the cryptocurrency as one of the world’s best-performing asset…

Zcash Creator Donates Company Trademark to the Zcash Foundation

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Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation. ECC and the Zcash Foundation have been in negotiations since August Upon an agreement signed on Nov. 6, the Zcash Foundation will be financially responsible for costs associated with assigning and protecting the trademark. Announcing the news, the Zcash Foundation mentioned the existing disagreement with ECC over the trademark’s future. The foundation noted that it…

Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead

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Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average which has been acting as support since reclaiming it in the final week of October. Almost all other crypto-assets have also suffered a valuation loss against the U.S. dollar, but there has been some resilience shown in both Ether (ETH) and EOS, which have continued to outperform Bitcoin over the last week. Cryptocurrency market daily view. Source: Coin360 Why Bitcoin broke down from $9,000 BTC USD Daily…

Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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Several cryptocurrencies have turned down sharply from their overhead resistance levels. This is a sign of weakness. Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as it shows that investors are using the dips to buy cryptocurrency. In another positive for the crypto space, research by the recruitment firm Indeed.com has found that cryptocurrency job requirements have risen in the past year even as searches for…

Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

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Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes. The average Malaysian household spends $1,900 per month Abdul Rasheed, the deputy governor in question who works for Bank Negara Malaysia (BNM), claimed that the measures will apply to all transactions involving physical cash, including payments for goods and services,…

Microsoft Partners with Ethereum to Create New Digital Assets

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The world of cryptocurrencies has developed at a breakneck pace over the past few years, and now it has emerged that tech behemoth Microsoft (NASDAQ:MSFT) is going to work with Ethereum to create new digital assets. Until a few years ago, it was almost unthinkable that one of the biggest companies in the world was going to enter the crypto space—but now, things have certainly changed. Major Details Microsoft is apparently working with ETH in order to find a way to audit newly created crypto tokens accurately. In addition to…

Long Bitcoin, Bullish on Altcoins – XLM, VET, ONE

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Altcoins have been inching their way deeper into my trading routine and this seventh entry of the crypto trading journal features a newly opened position on VeChain (VET), as well as a timely buy of Stellar Lumens (XLM). I am still long on Bitcoin (BTC) from under $9,000, as price moves sideways. XLM/BTC Part 1: Setting up the trade Entries: .00000800 satoshis (sats), .00000870(sats), .00000797 (sats) Targets: 0.00000940 (sats), .00001044 (sats) Stop loss: The first stop loss was set at .00000781 (sats) on the breakout. As usual, I move this…

Bitcoin Drops $300, Daily Losses Among Altcoins Reach 10%

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Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour. Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major losses of nearly 10% over the past 24 hours, according to data from Coin360. Market visualization. Source: Coin360 Following a fresh price decline, Bitcoin is trading down 4.9% at $8,736. With its intraday high of $9,253, Bitcoin tumbled more than $500 earlier today and is down around 4% over the past seven days, with an intraweek high above $9,500.…

Ripple Swell Day Two Highlights & Why is XRP Dropping?!

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A quick roundup of the most interesting stories we have found after day two at Ripples Swell event, nothing earth-shattering and XRP price has tanked a little. Many in the XRP community claim to have sold up because of lack of faith in the digital asset, make no mistake XRP will succeed and reach very high prices. In just over a decade, the company has driven significant impact throughout the country. Today, 36 million customers are part of the company’s “digital economy”—and 90% of them are newly banked because of…