Month: December 2019

Bitcoin Bulls Not Out of Woods, Wait For Break Above $7.5K

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Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break $7,240 and $7,300 to start a fresh increase heading into 2020. Bitcoin price is showing signs of a renewed upward move against the US Dollar. BTC must stay…

Bitcoin And Crypto Market Eyeing Fresh Increase: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is holding an important support area near the $185.0B level. Bitcoin price is struggling to continue higher and trading close to the $7,200 support. EOS price is down 2% and it is now trading near the $2.600 support area. Binance Coin (BNB) is down 3% and it failed to stay above the key $14.00 support. BCH price is declining towards the $205 and $200 support levels. Tron (TRX) price is facing a strong resistance near the $0.0136 and $0.0138 levels. The crypto market cap and…

Ethereum (ETH) Could Dive If Bitcoin Continues To Struggle

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Ethereum is down around 4% from the $138 high and tested the $130 support against the US Dollar. The price is currently consolidating above the $130 support, with a few bearish signs. There is a connecting bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin failed to stay above $7,300 and it is now trading near the $7,240 support area. Ethereum price is facing an increase in selling versus the US Dollar due to a steady decline in bitcoin. ETH…

Amid Rising Adoption, Funding for Blockchain Startups Dries Up

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Blockchain has become a buzzword in the startup ecosystem and multinationals alike. Numerous benefits provided by the technology has incentivized businesses and governments to adopt, explore or invest in it.  However, a surprising turn of events took place in 2019 when it comes to the amount invested into blockchain technology and companies behind them. After the incoming funds peaked in 2018 with $5.5 billion in capital raised, this year saw a sharp decline — with less than $3 billion of capital flowing into the ecosystem.  There are numerous reasons to…

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

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On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis.  Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements. Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing…

This Cryptocurrency Plunges 14% With Rumors That Big Investors are Dumping

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Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo. This article has been updated based on a brief correspondence with Hedera’s SVP of Communication.  Hedera Says Its Nodes Aren’t Offline This morning it was reported by Twitter user @Scams_alarms that 4 out of 13 of Hedera’s council nodes went offline without any explanation. 4 out of 10 council nodes of @hashgraph went offline without any explanation Team…

Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister

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Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer. Swiss President Critical of Libra Basket Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF when he said, “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” adding that “the project, in this form, has thus…

Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister

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Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer. Swiss President Critical of Libra Basket Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF when he said, “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” adding that “the project, in this form, has thus…

Binance to Support Upgraded Ethereum Network Muir Glacier

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When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and deposits are going to be suspended in order to complete an upgrade on the ETH network. Key Details The Ethereum network recently announced that there is going to be a Muir Glacier upgrade, and owing to that, Binance will update…

DLive Joins BitTorrent Ecosystem to Make Blockchain-Based Content Sharing Mainstream

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Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem. Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users. BitTorrent CEO Justin Sun told Cointelegraph that following YouTube’s crypto-content ban, decentralized content platforms are the future. “It’s unfortunate to see content platforms such as YouTube taking down crypto-related content, this is the issue with centralized agencies. Decentralized content platforms such as TRON’s newest partner DLive are the platforms of…