Day: November 27, 2019

Binance CEO Wants to Sue News Site The Block Over Police Raid Reporting

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Changpeng Zhao, CEO of the crypto exchange giant Binance, has threatened to sue the blockchain-oriented media outlet “The Block” over false reporting regarding raids of the Chinese police on Binance’s office in fiery tweets. The blazing interaction took place on Twitter when Changpeng Zhao published a tweet, saying: “Instead of apologizing to the community for the fake headline news of the non-existent “police raid”, which damaged our reputation, and $btc price, theBlock now tries to argue if there was an office, if CZ had a meeting… who cares? Own up…

Analyst Who Called Bitcoin Price Plunge Cools Sub-$5000 Fears

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Bitcoin price could drop to $6,000s says Dave the Wave. BTC is set for its worst month in 2019. The cryptocurrency’s recovery was rejected at $7,400. The bitcoin price could retrace back to the $6,000 region but is unlikely to drop to the $5,000s, according to a prominent cryptocurrency trader. Technical analyst Dave the Wave, who accurately predicted the bitcoin price to drop to $6,800 since early 2019, said: A closer look of the comparison. On the basis of this chart, while 6K might be possible, 5K looks unlikely. One…

Simon Malls Has 5 New Bitcoin ATMs With Bitstop Partnership

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Bitstop installed five bitcoin ATMs in Simon Property Group locations over the past month – in Carlsbad Premium Outlets in Carlsbad, California, Mall of Georgia in Buford, Georgia, Miami International Mall in Miami, Sawgrass Mills in Sunrise, and The Avenues in Jacksonville, Florida – expanding the company’s exposure to first-time bitcoiners as it eyes a booming crypto ATM market. Original

Binance Buyout in India Takes Industry Fearful of Regulation to Hope

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In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all RBI-regulated entities are to “stop having business relationships with entities dealing with virtual currencies forthwith and unwind the existing relationships in a period of three months time.” This set a series of events in motion that would disrupt the blossoming crypto ecosystem in India. Crypto exchanges shut down due to regulatory pressure and…

Bitcoin (BTC) Hesitates But Further Recovery Above $7.2K Seem Likely

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Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term. There is likely a bullish flag forming with resistance near $7,170 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are chances of a nice upward move if the price surges above $7,200 and $7,400. Bitcoin price is trading below a few key resistance such as $7,400 against the US Dollar. Having said…

Crypto Market Cap & Bitcoin Flirt With Key Resistance: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap is facing a strong resistance near the $190.0B and $195.0B levels. Bitcoin price is also struggling to surpass the $7,300 and $7,400 resistance levels. Litecoin (LTC) price is declining and it might trade below the $45.00 support area. BCH price is struggling to hold the key $205 and $200 support levels. Tron (TRX) price is up more than 2% and it is approaching the $0.0150 resistance. Cardano (ADA) price is now trading well below the $0.0138 and $0.0140 levels. Bitcoin (BTC) and the crypto market…

Ripple (XRP) Price Primed For Gains Until This Changes

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Ripple price is showing a lot of positive signs above the $0.2120 support against the US dollar. The price is likely to break the $0.2240 and $0.2270 resistance levels to continue higher. Yesterday’s key bearish trend line was breached with resistance near $0.2175 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported for more gains unless it drops back below the $0.2120 support area. Ripple price is likely to accelerate higher against the US Dollar and bitcoin. The main resistance for XRP is…

Ethereum (ETH) Won’t Go Quietly, Risk of Bounce Grows

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Ethereum is facing a strong resistance near the $152 and $155 levels against the US Dollar. The price seems to be consolidating above the $142 support area. There is a new key bearish trend line forming with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken). The price could dip a few points, but it is likely to make another attempt to break above $155. Ethereum price is trading in a range after a decent recovery versus the US Dollar and bitcoin. ETH price must settle…

Security Platform Is Up To $2.5B In Crypto Moved A Month 6 Months After Launch

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Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month. In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to month since the startup announced its launch out of stealth mode on June 11 after garnering $16 million in funding. In the six months since, the New York-based startup can reportedly count crypto merchant bank Galaxy Digital, over-the-counter digital trading platform Genesis…