After the recent run-up, most top crypto performers of the past week are showing signs of entering a minor correction or consolidation. Most major cryptocurrencies have started the new year on a positive note. However, in the past 24 hours, the crypto markets are witnessing a sea of red. This shows that the rally has hit a roadblock, which could result in a minor correction or consolidation for the next few days. Such a move will be healthy for the crypto markets because it will shake out the weaker hands.…
Month: January 2020
Decentralization Philosophy Part 1 – From Buddha to the Conquistadors
Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss decentralization in blockchain projects, the historical context of decentralized organizations, the robustness it conveys but also the difficulties it engenders… Source If You Liked This Article Click To Share CryptoX Portal
Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
Sunday, Jan. 19 — most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin (BTC) which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss. Market visualization courtesy of Coin360 Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price…
Bitcoin Dropped 6% in Just 5 Minutes Liquidating “$108M”: What Happens Next?
The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…
Bitcoin Dropped 6% in Just 5 Minutes Liquidating “$108M”: What Happens Next?
The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…
Thailand’s Police Suspects Actor Involved in Kidnapping and $740K Bitcoin Ransom
A famous Thai actor (currently still unnamed), who was arrested for potentially kidnapping a businessman for a Bitcoin ransom, will be brought in for questioning by the authorities. After the 33-year-old businessman, Mark Cheng, was successfully able to escape from his abductors he immediately reported the event to local law enforcement agencies. According to the filed report, Cheng was asked to pay the approximately $740K ransom in Bitcoin to the kidnappers, among which was also a Singaporean national. Kim, the pseudonym used in the case for the Singaporean, has been…
US SEC Cautions Investors from Investing in Initial Exchange Offerings
On January 14th, Office of Investor Education and Advocacy of the U.S. Securities and Exchange Commission (SEC) posted a message on its official website of an alert to caution investors from investing in initial exchange offerings via online trading platforms. IEOs are initial offerings of digital assets to raise capital, somewhat similar to initial coin offering. IEOs are offered through online trading platforms directly on the behalf of companies, as to provide investors with instant trading opportunities for digital assets. According to the SEC, these online trading platforms are not…
Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…
Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…
How to Create Custom SLP Tokens With the Bitcoin.com Mint
On January 17, Bitcoin.com CEO Stefan Rust introduced the company’s new SLP minting application. The Bitcoin.com Mint is a noncustodial web wallet that allows users to store bitcoin cash (BCH) and Simple Ledger Protocol (SLP) tokens. In addition to the portfolio capabilities, the Mint gives anyone the ability to create their own customized SLP tokens in less than a minute after they add a tiny fraction of BCH. Also read: Crypto Employment Abounds With More Than 8,000 Jobs in 2020 Bitcoin.com’s SLP Minting Service During the last day of the…