Day: November 12, 2019

Mining is Back in the Game with Online Simulator RollerCoin

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Hardly any facet of real life has not yet been reflected by simulator games. Widely ranged, from extra-popular The Sims to realty tycoons and trading simulators, they aim to help users train their skills and fresh thinking rather than merely entertain them. The same applies to the cryptosphere, with mining simulators spreading across the Internet. The reason why more and more users are getting hooked on seemingly uneventful mining gameplay is getting real rewards in cryptocurrency, without spending a dime on rigs or utilising CPU power. The blockchain-empowered mining simulator…

Manny Pacquiao Token to Launch in IEO on GCOX Exchange

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Filipino boxing champion Manny Pacquiao made international news headlines recently when he announced he was issuing his own cryptocurrency, the PAC token. Now, the PAC token is following the 2019 crypto crowdfunding trend by engaging in an initial exchange offering (IEO), courtesy of Singaporean exchange GCOX. The sale will open on November 12. Pacquiao initially declared his intentions to release a digital token at a free concert for fans in Manila during early September. In between serenading his fans with love songs, the boxer informed them that they could soon…

“Real” Adoption: $15.3 Million New York Condo Sold for Bitcoin

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Prominent New York-based real estate founder and developer Ben Shaoul has sold an Upper East Side retail condo for $15.3 million in Bitcoin (BTC), real estate-focused media outlet The Real Deal reports, November 11, 2019. $15.3 Million Condo Sold for BTC Shaoul, the founder of Magnum Real Estate Group – a New York-based residential real estate development and management company – reportedly sold an 11,400 square foot retail condo in a prime Manhattan location earlier this month. Per sources close to the matter, the buyer of the highly-priced real estate…

Bitcoin (BTC) Price Turned Sell On Rallies Towards $9K

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Bitcoin price is trading in a bearish zone below the $8,880 and $9,000 resistances against the US Dollar. The price is struggling to recover and it is likely to face sellers towards $9,000. Yesterday’s major bearish trend line is intact with resistance near $8,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are a few key supports on the downside near the $8,600 and $8,500 levels. Bitcoin price is facing an increase in selling below $9,000 against the US Dollar. BTC might correct higher, but…

Crypto Market Cap & Bitcoin Declining: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap is struggling to stay above the $225.0B support area. Bitcoin price is down around 3% and it is trading well below the $9,000 level. Litecoin (LTC) price is declining, but it is still trading above the $60.00 support area. BCH price failed to surpass the $300 resistance and is correcting lower towards $285. Tron (TRX) price is slowly declining towards the $0.0185 support area. Cardano (ADA) price is trading in a range above the $0.0420 support area. Bitcoin (BTC) and the crypto market cap are…

Ripple (XRP) Price Remains At Risk Of More Losses

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Ripple price is trading in a bearish zone below the $0.2840 resistance against the US dollar. The price is struggling to hold the key support area near the $0.2700 level. Yesterday’s major bearish trend line is active with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is trading above $180 range support and bitcoin is down more than 3.5%. Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price is likely to continue lower as long as…

Ethereum (ETH) Stuck In Range While Bitcoin Is Sliding

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Ethereum price failed to continue above $190 and declined below $188 against the US Dollar. The price is currently correcting higher, but it is likely to face resistance near $187-$188. There is a connecting bearish trend line forming with resistance near $187 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is trading with a bearish angle below the $8,950 and $9,000 resistance levels. Ethereum price is trading in a broad range versus the US Dollar, while bitcoin is struggling. ETH price might revisit the $182 range support…

CoinMarketCap Now Provides Crypto Investors With Data on Liquidity

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Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes from The Capital, CoinMarketCap’s inaugural conference in Singapore on Nov. 12, and the tool is now live on the company’s site. The new metric will reportedly incorporate data from 3000 crypto assets. Intending to filter out market manipulation, CoinMarketCap will reportedly base the new liquidity metric on adaptive data. Carylyne Chan, chief strategy officer at CoinMarketCap, elaborated on the firm’s…

6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding

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The great bitcoin reward halvings are coming and many newcomers have not experienced a halving event unless they joined the crypto community prior to 2016. A few speculators believe bitcoin miners and whales are hoarding coins right now until after the adjustment so prices will be driven up. Moreover, for the first time, crypto proponents will observe how both BTC and BCH deal with the reward reduction as both networks are mined by some of the same pools. Also read: Generation QE: How Central Banks Create Money From Thin Air…