Day: December 1, 2019

Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

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Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming if lower levels stay Data from Coin360 showed the largest cryptocurrency shedding almost 30% of its gains from earlier in the week, dropping from local highs of $7,790 to around $7,300 at press time.  The downside equated to 24-hour losses of 6% for Bitcoin, which began showing signs it would test support strength at $7,000.  Previously, BTC/USD hit multi-month…

Microsoft to Turn 1980s Gamebook Series Into Blockchain Card Game

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Microsoft, major game developer Eidos and gamebook firm Fabled Lands are jointly developing a blockchain card game based on a 1980s best-selling gamebook. According to a press release published on Dec. 1, the new card game will be based on the 1980s best-selling book called “The Way of the Tiger,” written by Jamie Thomson and Mark Smith. The game’s title will be “Arena of Death” and its players will fight in fantasy-themed card battles with features from the original gamebook series. Ensuring card ownership Thomson is also Fabled Lands’ chief…

PayPal CEO Dan Schulman Rolls Over to the Pro-Crypto Side

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Widespread jubilation hit the global crypto community as yet another tech boss swims over to the pro-Bitcoin side. This time it’s PayPal CEO, Dan Schulman. Quoting his very words, Schulman stated, “Yes. Bitcoin” when asked if he holds any digital currency. These two magical words are more than a simple answer. Coming from Schulman, this answer is more like an endorsement and a reassurance that Bitcoin(BTC)trade still holds the spot of the world’s most celebrated virtual coin and the one believed to hold more potential. Well, this isn’t the first…

Trump Isn’t Sold on Bakkt CEO Kelly Loeffler Becoming US Senator

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Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, for a United States Senate seat next week. Atlanta’s local news outlet AJC reported on Nov. 29 that Kemp plans to choose Loeffler in a bid to expand the appeal of the Republican party to women. If nominated, Bakkt’s CEO will become just the second woman to serve in the United States Senate from Georgia. Furthermore, Loeffler could also finance GOP activities with her personal fortune, which the outlet suggests could break…

Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

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This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the Bitcoin(BTC)trade market? Starting from a low point, Bitcoin was able to rise well above the…

A Look at Richard Heart’s Controversial New Crypto

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HEX is a new financial tool and cryptocurrency launching on the Ethereum network via a Bitcoin UTXO snapshot on December 2. Critics are questioning HEX’s legitimacy, calling it a colossal cash grab and privacy compromise. Devout fans can’t wait to claim their tokens and start staking. So who’s right and who’s wrong? Richard Heart, the outspoken man behind HEX, sat down with Cointelegraph to talk about the upcoming launch and counter a few of the criticisms surrounding the project.  Heart explained that HEX is the world’s first high-interest blockchain certificate…

Ethereum Price Weekly Forecast: ETH At Potentially Significant Turning Point

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ETH price is currently trimming gains from the $158 resistance area against the US Dollar. The price is now approaching a couple of important supports near the $144 area. Earlier, there was a break above a major bearish trend line with resistance near $152 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is above the $142 support area. Ethereum price is approaching a crucial support area against the US Dollar, similar to bitcoin. ETH price must hold…

Bitcoin Weekly Forecast: BTC Eyeing Last Line Of Defense

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After a decent recovery, bitcoin price faced resistance near the $7,880 level against the US Dollar. The price is currently correcting gains and it is trading near the $7,300 support area. There is a crucial bearish trend line forming with resistance near $7,678 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price might test $7,200 or $7,000 before a fresh wave towards the $7,700 resistance. Bitcoin price is struggling to continue higher above $7,500 and $7,800 against the US Dollar. BTC is approaching the $7,000…