Tag: Percent

The Internet Is a Luxury Not a Right: 30 Percent of Americans Still Don’t Have it

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Gigi Sohn has spent the last 30 years as a public interest advocate. Her main focus, nowadays? Getting telecommunications giants to take on fiduciary duty. Now that the internet has become “the essential communications tool of the 21st century,” Sohn thinks broadband connection is a right, not a privilege. This doesn’t mean that she’s on board with all technological advancements. Sohn, an ex-senior staffer at the Federal Communications Commission, has her doubts about a lot of things that may look like progress, including 5G and the potential repeal of Section…

Bitcoin’s Bull Bias Intact Despite 6 Percent Price Pullback

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Bitcoin has pulled back from seven-week highs above $8,400, but the bullish breakout confirmed on Jan. 6 is still valid. The price drop was backed by low seller volumes and may be reversed. The bullish case would weaken if prices find acceptance under key support at $7,567. Bitcoin has pulled back from multi-week highs but is still hovering in bullish territory above key support near $7,600. The number one cryptocurrency is currently trading at $7,910 – down 6.5 percent from the seven-week high of $8,463, according to CoinDesk’s Bitcoin Price…

Bitcoin Probes Major Resistance After 15 Percent Price Rally

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A long-term bitcoin price resistance has come into play for the first time in two months. The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle. At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands…

Bitcoin’s Winning Decade: 9 Million Percent Growth in 10 Years

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Undoubtedly, the journey has not been all rosy for the world’s most celebrated cryptocurrency, Bitcoin. In fact, Bitcoin’s journey through the last decade was lined with many highs and lows – literally. That said, statistics also showed that the virtual currency grew by 9 million percent in the just-concluded decade. Yes, you read right! An industry based on innovative financial technology ridden with both good and bad players will definitely have its moments. But if you take your eyes away from the price volatility, money laundering, pyramid schemes, fake tokens,…

Bitcoin Gained 8.9 Million Percent Over the Last Decade

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2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created. In fact, Bank of America’s recent securities report highlights that an investment of $1 in bitcoin at the start of 2010 would now be worth more than $90,000. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto…

Litecoin Dumped Over 50 Percent but a Bounce Is in Sight

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The halving was supposed to be Litecoin’s bullish catalyst; it failed to live up to the hype. However, analysis of the chart shows potential. | Source: Shutterstock By CCN Markets: Litecoin’s price action has been less than stellar as of late. After posting a 2019 high of $146 on June 21, the cryptocurrency succumbed to heavy selling pressure. Today, August 22, Litecoin dropped to as low as $70 for a plunge of over 50 percent in two months. The halving, which was supposed to be the coin’s bullish catalyst, failed…

Mr. Wonderful Shames Bitcoin Bull ‘Pomp’ for 50 Percent Net Worth in BTC

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Bitcoin bull Anthony Pompliano was chided by “Shark Tank” Star Kevin O’Leary for putting 50% of his net worth in crypto. | Source: (i) REUTERS / Mike Blake (ii) CNBC/YouTube; Edited by CCN Businessman and reality TV star Kevin “Mr. Wonderful” O’Leary has slammed bitcoin bull Anthony Pompliano for concentrating too much of his wealth in one asset. This occurred after the co-founder and partner at cryptocurrency investment firm Morgan Creek Digital revealed that 50 percent of his net worth is in bitcoin. Speaking on CNBC, the “Shark Tank” star…

Mr. Wonderful Shames Bitcoin Bull ‘Pomp’ for 50 Percent Net Worth in BTC

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Bitcoin bull Anthony Pompliano was chided by “Shark Tank” Star Kevin O’Leary for putting 50% of his net worth in crypto. | Source: (i) REUTERS / Mike Blake (ii) CNBC/YouTube; Edited by CCN Businessman and reality TV star Kevin “Mr. Wonderful” O’Leary has slammed bitcoin bull Anthony Pompliano for concentrating too much of his wealth in one asset. This occurred after the co-founder and partner at cryptocurrency investment firm Morgan Creek Digital revealed that 50 percent of his net worth is in bitcoin. Speaking on CNBC, the “Shark Tank” star…

Ethereum Dumps Over 40 Percent But Uptrend Remains Intact

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The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $83 to the 2019-high of $363.30. That’s a massive gain of over 337 percent in six months. Since then, Ethereum has been plunging and media outlets have been overwhelmingly bearish on this altcoin. Close to nine out of ten news articles have been bearish on Ethereum | Source: Coinwatch Nevertheless, a 40 percent-plus nosedive…

Popular Crypto Trader Expects Altcoins to Rally by a Whopping 50 Percent

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Almost every prominent figure in Crypto Twitter has been calling for an alt season over the last few weeks. However, bitcoin’s continued strength has left many crypto tokens bleeding in value against the No. 1 cryptocurrency. Alt season has been canceled time and time again. Those who are waiting for it appear to be waiting in vain. Or, are they? A well-respected figure in Crypto Twitter offers technical evidence that altcoins appear to be due for a massive rally. The trader expects the total market cap to grow by 50…