Day: February 13, 2020

Bitcoin and Ether Market Update: February 13, 2020

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Total crypto market cap added $22.7 billion to its value since Monday morning and now stands at $306.3 billion. Top ten coins mostly in green for the last 24 hours with ether (ETH) and XRP leading the pack with 13.2 and 10 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $10,437 on the Bitstamp daily chart, while ether (ETH) climbed up to $271 and Ripple’s XRP moved up to $0.328. BTC/USD Bitcoin continued to rise and reached $9,900 on Saturday, February 8. It finally…

$400 Drop: Bitcoin Faces Further Downside After Rejection at Price Hurdle

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Bitcoin could be staring deeper losses, having faced rejection at key price hurdle on Thursday. The top cryptocurrency by market value was seeing bids around $10,400 during the Asian trading hours. Buying interest weakened after the cryptocurrency failed to stay above Wednesday’s high of $10,500 and prices fell sharply to $10,077 around 08:30 UTC. Bitcoin is currently trading near $10,200, representing a 1 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Overall, the trend remains bullish, with prices still up 42 percent on a year-to-date basis…

$400 Drop: Bitcoin Faces Correction After Rejection at Price Hurdle

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Bitcoin could be staring deeper losses, having faced rejection at key price hurdle on Thursday. The top cryptocurrency by market value was seeing bids around $10,400 during the Asian trading hours. Buying interest weakened after the cryptocurrency failed to stay above Wednesday’s high of $10,500 and prices fell sharply to $10,077 around 08:30 UTC. Bitcoin is currently trading near $10,200, representing a 1 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Overall, the trend remains bullish, with prices still up 42 percent on a year-to-date basis…

5 Cryptocurrencies Making a Comeback in 2020: XRP, ETH, XTZ, ADA, NEO

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Here are five altcoins that rallied as Bitcoin’s dominance rate dropped from 68% to 62% and the party looks set to continue. On Feb. 12, the crypto market achieved a new milestone by climbing above the $300 billion market capitalization mark for the first time in 6-months. This shows interest in the sector continues to grow as a steady flow of funds enter the space. Since the start of 2020, the crypto market cap has increased from $218.4 billion to $303.1 billion, a 65.92% increase.  At the same time, Bitcoin’s…

New Key Diagnosis Could Massively Spike Confirmed Coronavirus Cases

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Official number of coronavirus cases in China is likely to spike in the coming days. A new category of diagnosis is now implemented by the government of China. Analysts believe real numbers are much higher than reported figures. China’s surprise announcement of 15,000 new confirmed cases of coronavirus on February 12 is only the start of what’s to come. Experts anticipate the number of cases to be reported in the short-term to spike due to the introduction of a new category for diagnosing the virus. Previously, the government of China…

Coinbase Custody Obtains Two Major Security Evaluations

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The crypto custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security evaluations. According to a press release published on Feb. 12, Coinbase Custody was granted a Service Organization Control (SOC) 1 Type 2 and a SOC 2 Type 2 report by major accounting firm Grant Thornton. System Organization Control reports In obtaining the reports, Coinbase Custody is able to prove to clients that they are compliant with a variety of security and reporting standards. According to Grant Thornton’s website, SOC reports are meant to…

Top Soccer Club FC Barcelona Launching Crypto Token for Fan Engagement

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Record-breaking Catalan soccer club FC Barcelona (often called Barça) has launched a crypto token seeking greater engagement with fans. Created in partnership with blockchain firm Chiliz, the Barça Fan Tokens ($BAR) will be used to allow fans to vote in polls and surveys on Chiliz’ mobile app Socios.com. Barça has one of the largest supporter bases globally and is the richest soccer club by revenue. Unusually, it’s in part managed by a group of paying supporters called socios, who take part in elections for the president and the board. The…

Bitcoin Price Suddenly Drops $300 in 1 Hour After $10,500 Rejection

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Bitcoin (BTC) fell by almost 2% in an hour on Feb. 13 as markets faced rejection after reaching higher levels around $10,500. Crypto market weekly price chart. Source: Coin360 BTC suddenly dives to $10,150 Data from Coin360 and Cointelegraph Markets showed BTC/USD dropping suddenly by over $300 on Friday, hitting daily lows of $10,150. A bounce had secured support slightly higher by press time, but volatility was conspicuous as Bitcoin failed to crack $10,500 resistance for the second time in a week.  Bitcoin 1-day price chart. Source: Coin360 Friday’s losses…

Nintendo Direct Dry Spell is Driving Gamers Crazy on Twitter

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No Nintendo Direct news has been announced for months. Nintendo fans are frothing at the mouth on Twitter over the dry spell. Nintendo will announce a Direct when it wants to. It’s been roughly five months since the last Nintendo Direct and gamers over on Twitter are losing it. That’s not to say that there haven’t been other recent Directs from Nintendo. The company put out Directs for Pokemon and Super Smash Bros. Ultimate, but those aren’t the same as a normal Direct. Direct comments are becoming a meme of…

FC Barcelona Dives Into Crypto, Partnering With Chiliz to Create Token

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Spanish soccer powerhouse FC Barcelona, or Barca, has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise. As part of the partnership with FC Barcelona, Chiliz created Barca Fan Tokens (BAR) for use on its social mobile app called Socios, according to a press release shared with Cointelegraph.  “We are really proud to launch the Barca token on the Chiliz blockchain platform,” Chiliz and Socios CEO and founder Alexandre Dreyfus said, referring to Chiliz’s own Ethereum-based blockchain. “This is the ultimate goal and the…