Day: September 13, 2020

The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live

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From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that the policies of central banks are failing. Many professional investors, as well as ordinary people, are losing confidence in fiat currency systems. However, many that are exploring the idea of investing in crypto alternatives are falling victim to scams. It seems more scam crypto sites are roaming…

Bitcoin Cash hits new low vs. Bitcoin as Draper deletes Twitter praise

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Altcoin Bitcoin Cash (BCH) is plumbing new lows against Bitcoin (BTC) after crashing through fresh support. Data from price tickers including Cointelegraph Markets and CoinMarketCap confirm that BCH/BTC is now at its worst levels in Bitcoin Cash’s three-year history. BCH/BTC in “downward price discovery” At press time, 1 BCH bought just 0.022 BTC, 92.2% less than at its peak of 0.285 BTC in December 2017. BCH launched as an off-shoot from BTC in August the same year, at the time enjoying support from various industry figures and businesses. This subsequently…

Here’s the Key Level Analysts Are Eyeing After Ethereum Surged 25% From Low

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Earlier this week, Ethereum plunged as low as $310-315 as legacy markets tumbled, dragging crypto lower. The cryptocurrency has since undergone an extremely strong bounce, recovering 25% to the $389 level where ETH sits at now. Analysts are eyeing $392 as a level for the cryptocurrency. One says that if that level is confirmed as support, it will give credence to the sentiment that Ethereum will push back above $400. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum Needs to Cross This Level to Confirm More…

The latest on crypto regulation in Asia

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When most people hear about buying Bitcoin (BTC) or other cryptocurrencies, they immediately think of the largest exchanges, most of which are located in Asia. Today, countries such as China and South Korea have become epicenters of blockchain innovation. However, in many countries, it’s still unclear whether cryptocurrencies are allowed, and if they are, what their status is.  So, here’s how the regulation of the cryptocurrency market in Asia is shaping up and what should be expected from governments in the near future. China goes digital with the yuan Today,…

Ethereum Breaks Crucial Resistance, Technical Suggest More Upsides Above $400

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Ethereum is up over 5% and it broke the key $370 and $380 resistance levels against the US Dollar. ETH price could continue to rise towards $400 or $420 as long as it is above $370. ETH price is gaining momentum above the $360 and $370 resistance levels against the US Dollar. The price is now trading nicely above $375 and the 100 simple moving average (4-hours). There is a crucial rising channel forming with support near $350 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

Bitcoin Breaks Uptrend Resistance, But $11,00 Could Be Game Changer

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Bitcoin price formed a strong support base above $10,000 against the US Dollar. BTC is currently correcting above $10,500, but it is likely to face a strong resistance near $10,800 and $11,000. Bitcoin is slowly recovering higher above the $10,400 and $10,500 resistance levels. The price is likely to struggle near $10,800 and the 100 simple moving average (4-hours). There is a key rising channel forming with support near $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must settle above the $11,000 resistance…

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage

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Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners are finding it difficult to obtain next-generation application-specific integrated circuit (ASIC) mining rigs after a number of firms have sold out. Semiconductor goliaths like Samsung and TSMC have been struggling to keep up with the demand that was sparked by the Covid-19 outbreak.…

Gold Fractal Predicts the Ethereum-Based LEND Could Double in Months Ahead

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Like other crypto assets, LEND underwent a strong correction last week. The cryptocurrency came under pressure due to Bitcoin and Ethereum diving lower as the legacy market slipped. LEND also suffered from a short-term collapse in DeFi, caused by the exit of Chef Nomi from SushiSwap. Analysts remain optimistic on the cryptocurrency, which is the native token of Aave, for a variety of fundamental and technical reasons. Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million LEND Could Double: Analyst Shows How A fractal analysis first noticed by…

Traders Flip Short on Chainlink as It Flashes Some Major Warning Signs

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Chainlink has been caught within a prolonged consolidation phase throughout the past few weeks, with the cryptocurrency largely trading between $12.00 and $12.70. This consolidation has done little to offer insights into its near-term outlook, as its bulls are still reeling from the damage done to its market structure following the $20.00 rejection. Analysts are now noting that where it trends next may depend largely on its ultimate reaction to a key resistance level that its price is fast approaching. One trader is noting that he is expecting it to…

Morgan Stanley Strategist Recommends Bitcoin as Central Banks Ramp Up Money Printing

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Morgan Stanley Investment Management’s chief strategist and head of emerging markets has recommended bitcoin as an alternative investment to stocks amid central banks’ massive money printing policies. He says that alternative assets, like gold and cryptocurrency, could keep doing well while stocks struggle. Morgan Stanley’s Strategist Discusses Stocks, Gold, and Bitcoin Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management Ruchir Sharma discussed stocks, gold, and also bitcoin in an interview with CNN on Tuesday. The Indian investor and fund manager joined Morgan Stanley in 1996.…