Day: August 19, 2020

Crypto Trading 101 | 5 Golden Rules for Successful Trading

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Do you follow some crypto trading rules? If you don’t have any, you should use these five golden rules for successful trading. Crypto trading isn’t about getting lucky a few times. If you want to find success with trading cryptocurrencies, you must base your good results on fundamentals, good habits, and experience. Making money as a crypto trader requires some discipline, and that means following some trading rules. 1. Invest Only What You Can Afford to Lose Like with any other type of investment, crypto trading is a risky business.…

Colombian IT Ministry Quotes Satoshi and Bitcoin, Calls for Blockchain and Crypto Adoption

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Less than two months after the Office of the Inspector General of Colombia, World Economic Forum (WEF), and the Inter-American Development Bank (IDB) partnered up to develop a blockchain-based Proof-of-Concept solution to tackle corruption in government’s procurement processes, the Colombian Ministry of Information Technology and Communications (MinTIC) has published a draft guide, identifying ten core areas that can benefit from blockchain technology. In an 89-page draft, the ministry not only calls upon the public to integrate Distributed Ledger Technology (DLT) in their operations but is also encouragingly calling for crypto adoption…

Price Analysis 8/19: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, BNB, EOS

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Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed. Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and crypto assets. As U.S. markets surge to new highs, Bitcoin price has…

High Ethereum Fees Push Tether to Its Eighth Blockchain, OMG Network

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Tether has adopted Ethereum scaling solution OMG Network amidst record demand for settlement space on the “world computer.” “The integration [between Tether and OMG Network] will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security,” Tether Inc. said in a blog Wednesday. OMG Network can handle thousands of transactions at a third of the cost of Ethereum as a Layer 2 solution for Ethereum that batches transactions before settlement, OMG Network CEO Vansa Chatikavanij said in a statement. Tether –…

Tezos (XTZ) May Plunge Towards $3.00 as Selling Pressure Ramps Up

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Tezos’ price action over the past week has primarily favored sellers, with buyers being unable to catalyze any strong uptrend while also being unable to guard against today’s market-wide selloff. The decline seen by the cryptocurrency earlier today led it to plunge to lows of $3.60. This marks a serious decline from its multi-day highs of $4.40. This sharp decline has marked a bearish resolution to a consolidation phase that the crypto was previously caught within. Where it trends next will likely be determined by whether or not Bitcoin can…

BitFlyer USA Lands in Hawaii After Regulatory Collaboration

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BitFlyer USA, the American branch of Tokyo-based cryptocurrency exchange BitFlyer, unveiled upcoming compatibility in the U.S. state of Hawaii.   “We chose Hawaii due to the regulatory sandbox for digital currency they set up,” BitFlyer COO Joel Edgerton told Cointelegraph. “We also chose Hawaii due to close links between the state and Japan,” he added. “Our name recognition is particularly high in Hawaii.” Hawaii’s Division of Financial Institutions and its Technology Development Corporation constructed the Digital Currency Innovation Lab — the gateway used to bring BitFlyer into the state, said an Aug. 19…

NSA Whistleblower Edward Snowden Was Paid $35k to Discuss Bitcoin

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The notorious NSA whistleblower, Edward Snowden, was paid to discuss bitcoin and other digital assets at virtual conferences, according to a new court filing called “Edward Snowden Speaking Engagements 2015-2020.” Snowden has always been a supporter of digital currencies and during the mid-March crypto market carnage, the infamous whistleblower said he “felt like buying bitcoin.” Edward Snowden has been in the news lately, as U.S. President Donald Trump spoke about the possibility of pardoning the NSA whistleblower. Of course, that never happened and instead, Trump pardoned suffragette Susan B. Anthony…

Market Wrap: Bitcoin Sinks to $11.6K as Ether’s Gas Keeps Rising

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Bitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin traded as low as $11,613 Tuesday. Traders continued selling the world’s oldest cryptocurrency after it hit a 2020 high of $12,485 on Monday. For the time being, it may struggle to break much higher from that.  “Too much resistance at $12,000,” said over-the-counter crypto trader Alessandro Andreotti. “So it’s just going to go sideways for a while.”  Katie Stockton, analyst for Fairlead Strategies, expects a weaker bitcoin market ahead. “There are signs of short-term upside…

John McAfee Has Left His Own Privacy Asset Project

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Technology pioneer and cryptocurrency advocate John McAfee has just announced his departure from his own privacy asset project, Ghost.  “I am abandoning the the Ghost project,” he said in an Aug. 19 tweet. “Management is incapable of making a success of the project,” he explained, adding, “It will, without a doubt fail.”  He elaborated: “I tried to explain the fundamental principles of management, but they fell on deaf ears. My apologies to those that I led astray. Sorry.” McAfee has bashed Bitcoin in recent months for its lack of privacy. The…