Day: March 8, 2020

Why Did Crypto Flash Crash 10%? Analyst Gives 3 Potential Catalysts

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The crypto market hasn’t fared too well over the past day or two. After peaking at $9,200 in a dramatic fashion, Bitcoin retraced under $8,200 on Sunday, catching many traders off guard, as they were expecting the leading cryptocurrency to continue higher. Though, a prominent analyst, Jacob Canfield, recently shed light on three crucial catalysts which likely attributed to the rapid sell-off in the price of cryptocurrencies across the board. If you’re looking for bearish narratives, there are currently 3 that could be impacting #bitcoin1.) Coronavirus (all markets selling off)2.)…

If This Happens, There’s a High Chance Bitcoin Bottomed at $8,200: Analyst

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Bitcoin really hasn’t done too well over the past 24 hours. After peaking at $9,200, the leading cryptocurrency has fallen lower and lower, reaching a price as low as $8,150 (the lowest in literal weeks) on Sunday. Despite this, there remain some prominent analysts that suggest BTC is in the midst of forming a local bottom at $8,200. Here’s why they think this optimistic hope could become the truth. Bitcoin Could Be In the Midst of Forming a Bottom; Here’s Why Nik Patel — author of “An Altcoin Trader’s Handbook”…

If This Happens, There’s a High Chance Bitcoin Bottomed at $8,200: Analyst

boss

Bitcoin really hasn’t done too well over the past 24 hours. After peaking at $9,200, the leading cryptocurrency has fallen lower and lower, reaching a price as low as $8,150 (the lowest in literal weeks) on Sunday. Despite this, there remain some prominent analysts that suggest BTC is in the midst of forming a local bottom at $8,200. Here’s why they think this optimistic hope could become the truth. Bitcoin Could Be In the Midst of Forming a Bottom; Here’s Why Nik Patel — author of “An Altcoin Trader’s Handbook”…

DLT Can Improve the Global Financial System

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On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged that distributed ledger technologies (DLT) could improve the existing global monetary system, however, argued that significant challenges persist regarding the privacy, interoperability, and scalability of blockchains. IMF official: central banks must not rush to adopt DLT Sonja Davidovic, an economist with the International Monetary Fund (IMF), warned central banks not to rush to implement blockchain systems without properly vetting…

India Ban Overturned, BTC Owners Warned They’ll Lose Everything, Hodler’s Digest, Mar. 2–8

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week India’s Supreme Court overturns controversial ban on banks servicing crypto firms There’s a lot to chew concerning movements in the crypto markets, but the first story is of a different kind. A controversial ban that prohibited banks from dealing with crypto-related companies in India has…

CryptoKitties’ Dieter Shirley on Breaking Ethereum and NFTs

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On March 5, Dapper Labs, the team behind the popular blockchain game CryptoKitties, launched ‘Flow Playground’ — an interactive platform allowing developers to experiment with creating non-fungible tokens (NFTs) and smart contracts on the company’s forthcoming Flow blockchain. Cointelegraph spoke to Dapper Labs co-founder and CryptoKitties co-creator Dieter Shirley on the launch of Flow Playground, the lessons he learned from breaking Ethereum with CryptoKitties, and his advice for aspiring developers in the crypto space. Cointelegraph: Could you please provide an overview of what the Flow blockchain is and what problems…

Diversity and Inclusion Major Themes at Hyperledger Global Forum 2020

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Hyperledger Global Forum 2020 took place March 3-6 in Phoenix, Arizona, bringing together hundreds of attendees from the Hyperledger community. While enterprise blockchains, open-source projects, and other subject matters were discussed, diversity and inclusion served as the underlying theme of the conference. Fortune 500 consulting firm, Accenture, sponsored a diversity happy hour on the opening night of Hyperledger Forum. This event served to raise awareness for inclusion in the blockchain space. Accenture’s global marketing director for blockchain and multi-party systems, Allisa Worley, told Cointelegraph that a desire for diversity and…

Countries That First Outlawed Crypto but Then Embraced It

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As time progresses, the revolution of peer-to-peer digital currencies picks up speed. Now, countries like India and Iran, which previously had a harsh legal stance on cryptocurrencies, are warming up to the idea of adopting them. In India, for instance, the Supreme Court has struck down a blanket ban that was placed on banks dealing with crypto-related businesses back in April 2018.  In Iran — while the country’s central bank had issued a blanket ban on cryptocurrencies in a misguided move to prevent capital flight due to fears of sanctions…

Crex24 Exchange Accused of Hiding Hack From Customers

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Users are accusing Estonian cryptocurrency exchange, Crex24, of hiding the scale of a hack from its users after suspending trade for several altcoin pairings.  Crex24’s members claim that the exchange has not given an explanation for its suspension of more than sixty altcoins. The exchange has also frozen withdrawal and deposit services for many of the platform’s coins. Despite the apparent disruption to services and calls for answers on Twitter, the exchange’s social media posts suggest that it has been more interested in trying to drum up support for new…

Who Is Satoshi Nakamoto? An Introduction to Bitcoin’s Mysterious Founder

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The true identity of the creator of Bitcoin is one of the biggest mysteries in the modern world. Over the years many theories have popped up about who Satoshi Nakamoto really is, including a time traveler, a space alien, a rogue artificial intelligence or a front for groups such as the NSA, CIA and Yakuza. This article will present only the known facts about him and the more likely candidates who people suspect may be be the elusive figure. Also Read: 10 People Who Might Be Satoshi Nakamoto Who Is…