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Ethereum Still Down 83% From ATH Begs the Question: When Altseason?

Ethereum Still Down 83% From ATH Begs the Question: When Altseason?

ethereum bitcoin

The world has been wrapped up with Facebook’s foray into crypto this week but bitcoin is still the undisputed king. Holding a market dominance of over 57%, BTC is rapidly reducing the gap back to its all-time high while most of the altcoins including Ethereum are still attempting to thaw from the crypto winter. The recent run up to $9,400 reduced the gap from ATH down to just 53% for bitcoin. The king of crypto

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Automatic Bitcoin Micropayments Are Coming to Lightning Network

Automatic Bitcoin Micropayments Are Coming to Lightning Network

bitcoin streaming money automated payments joule

With the introduction of Joule Allowances, the Bitcoin network takes one step closer to achieving its potential for automated micropayments and ‘streaming money.’ Joule Allowances Enables BTC Auto-Micropayments Since its inception, Bitcoin has been trying to live up to its promise of being an enabler of frequent, low-value, instant payments. However, this is difficult to achieve on-chain, particularly when a block is mined roughly every 10 minutes Now, a web-based tool is promising to make

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Bitcoin to $40k in the Next Few Months, Says Tom Lee

Bitcoin to $40k in the Next Few Months, Says Tom Lee

Bitcoin

Tom Lee of Fundstrat Global Advisors believes bitcoin can go as high as $40,000 before the end of 2019 off the back of increasing hype. Bitcoin at $10,000 Will Trigger Massive FOMO According to Bloomberg, Tom Lee expects bitcoin to go as high as $40,000 within the remainder of 2019. The Fundstrat co-founder and chief analyst conveyed his forecast in a note to clients issued on Monday (June 17, 2019). For Lee, FOMO-driven hype will

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Bitcoin Price Analysis: BTC Surge Leaves $570 CME Gap

Bitcoin Price Analysis: BTC Surge Leaves $570 CME Gap

Bitcoin trading

Bitcoin price posted an impressive 8.7% surge over the weekend has left another sizeable gap in the CME Bitcoin Futures chart – this time around the psychological $9K mark. Are we going to be in for a turbulent week? Let’s take a look. 4-Hour Bitcoin Price CME Futures Chart Between the 15-16 June, bullish traders catapulted Bitcoin price over the critical $9K level after rejecting a bearish rising wedge pattern the day before. Because of

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‘It’s Not a Blockchain’ – Why Gov’ts Could Ban Facebook’s Libra

‘It’s Not a Blockchain’ – Why Gov’ts Could Ban Facebook’s Libra

facebook zuckerberg libra

On the day of its unveiling, Facebook’s cryptocurrency has already sparked forecasts that governments worldwide will ban it. Libra Heading For Crypto Blacklist? Libra, the protocol Facebook today revealed to the world via a somewhat clumsy website, will initially host a cryptocurrency of the same name. It will function as a value transfer system – a stablecoin – across Facebook’s family of social media platforms and messengers, and will be “easy” to cash out into

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BTC2 Token Levels Bitcoin Fees with Bitcoin Cash

BTC2 Token Levels Bitcoin Fees with Bitcoin Cash

Bitcoin scale

For Bitcoin maximalists who only want to pay Bitcoin Cash fees, SideShift AI has just launched a solution. So Many Questions… What Is SideShift AI? Best to start at the beginning, yes. SideShift AI is an automated coin swap, essentially allowing users to swap coins between chains. The application allows exchanges between over twenty different cryptocurrencies, including BTC, BCH, BNB, ETH, DASH, LTC, USDT, and more. Simply select your chosen currencies for conversion, input the destination

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Cryptocurrency Adoption Is Highest in These 5 Countries

Cryptocurrency Adoption Is Highest in These 5 Countries

flags countries bitcoin

When we think of cryptocurrency adoption, we often assume that South Korea, Japan, or the United States take the lead. Not so, according to the latest results from Statista. For those of us engulfed in the world of cryptocurrency, it feels like we live and breathe Bitcoin–and we expect everyone else too as well. But while the percentage numbers may still be low relative to the entire population, check out the top five countries where

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Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’ – Site Crashes

Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’ – Site Crashes

facebook libra crypto

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks. The social media giant describes Libra as “a new cryptocurrency that will make money work better for all of us.” Calibra

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XRP Spikes 10% on Ripple MoneyGram Partnership News

XRP Spikes 10% on Ripple MoneyGram Partnership News

moneygram ripple xrp

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed

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What’s Changed Since Bitcoin Was at $9K in 2017? – Everything

What’s Changed Since Bitcoin Was at $9K in 2017? – Everything

bitcoin

Bitcoin smashed through the $9K barrier over the weekend and all the indicators are looking good for the bull run to continue. How will it be different this time around? The Last Time Bitcoin Reached Over $9K Cast your mind back to November 2017, the first time BTC was trading at this price . What’s changed since then and why is it so much better placed this time around? Big Businesses Weren’t Scrambling to Get

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Hong Kong Paying a Premium for Bitcoin That Beijing Can’t Stop

Hong Kong Paying a Premium for Bitcoin That Beijing Can’t Stop

hong kong protest bitcoin

BTC in Hong Kong is currently trading $175 above its spot price according to other Bitcoin indexes, as political instability is driving demand for a safe haven. Hong Kong Protesters Seek Safety in Bitcoin Bitcoin demand in Hong Kong is starting to surge as an increasing amount of citizens are seeking refuge in the decentralized currency. The extradition bill, which will bring in new laws to deport all non-mainland criminal suspects back to China for

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Binance to Offer Bitcoin-Pegged BEP2 Token for Trading

Binance to Offer Bitcoin-Pegged BEP2 Token for Trading

Binance Crypto Bitcoin

Binance has announced the launch of crypto-pegged BEP2 trading pairs starting with a bitcoin-pegged token – BTCB. Bitcoin-Backed Token to be First Ever Crypto-Pegged BEP2 The crypto exchange giant announced the news via a blog post on its website published on Monday (June 17, 2019). According to the statement, Binance plans to offer crypto-pegged tokens on its DEX platform beginning with BTCB. Users will be able to trade the BTCB/trading pair. According to Binance, the

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Bitcoin Price Analysis: Bears in ‘Disbelief’

Bitcoin Price Analysis: Bears in ‘Disbelief’

bitcoin price chart analysis

Bitcoin price closed the week at $8,974, up 17.6%, marking a tremendous recovery from the previous week, completely reversing the loss in valuation from the previous week and putting in a new yearly high of $9,391. Let’s take a look whether Bitcoin price can continue onwards and upward and breakthrough the $10k psychological barrier. Bitcoin Price Weekly Chart The weekly chart shows the bitcoin price moving from lows of $3,322 to highs of $9,391. This

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Litecoin Creator Invited to Talk Crypto at $4.6M Warren Buffet Lunch

Litecoin Creator Invited to Talk Crypto at $4.6M Warren Buffet Lunch

Warren Buffet Bitcoin Lunch

Tron’s Justin Sun has announced that his first ‘plus one’ for the Warren Buffet charity lunch will be Litecoin Founder, Charlie Lee. The Litecoin creator tweeted that he was ‘excited about this opportunity to meet a legend’. We believe this refers to Buffett rather than Sun. It’ll Take More Than Justin Sun To Sell Buffett On Crypto Justin Sun won the lunch date with noted crypto-sceptic Warren Buffett after bidding $4.57 million in a charity auction.

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Bitcoin Back In G20 Spotlight As Industry Meets FATF Over Data Demands

Bitcoin Back In G20 Spotlight As Industry Meets FATF Over Data Demands

G20 Bitcoin crypto

Cryptocurrency exchanges will meet with the regulators who want to treat them like banks at the upcoming G20 Summit – but Bitcoin price has already shaken off concerns. FATF Meets Its Match As Bitcoinist reported last week, June 21 sees publication of new material from the Financial Action Task Force (FATF) aimed at cryptocurrencies. Set to affect what the organization calls “virtual asset service providers” – exchanges, asset managers and more – the FATF’s suggestion

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New Rules Make Korean Bitcoin Exchanges Liable for Customer Losses

New Rules Make Korean Bitcoin Exchanges Liable for Customer Losses

South Korea Bitcoin

Bithumb is one of five South Korean bitcoin exchanges that has adopted a new directive which mandates that platforms be liable for losses whether not they occur due to negligence on the part of the operators. Bithumb Adopts FTC Directive According to The Korea Herald, Bithumb and four other exchanges in South Korea have updated their terms of service (ToS) to reflect a new directive from the country’s Fair Trade Commission (FTC). This new corrective

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Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes

Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes

bitcoin venezuela bolivar hyperinflation

New currency reforms in Venezuela accompanied a decisive surge in Bitcoin trading this week, with informal markets setting new all-time highs. Bitcoin Boom As Central Bank Re-adds Zeros Data from monitoring resource Coin Dance reveals that in the seven days ending June 15, Venezuelans transacted over 46 billion sovereign bolivars (VES) on P2P Bitcoin exchange Localbitcoins. The figure stands far above the previous record of 40.9 billion VES set earlier in May. As Bitcoinist has

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Bitcoin Price Targets Next Key Resistance Level – Is 5 Figures in Play?

Bitcoin Price Targets Next Key Resistance Level – Is 5 Figures in Play?

bitcoin price chart

The weekend has been extremely bullish for bitcoin price, which has surged to a new 2019 and thirteen month high. Those gains have held into Monday morning in Asia and analysts are now scouring the charts looking for the next move for BTC. Bitcoin Price Painting a Bullish Picture Bitcoin has held on to most of its weekend gains and remains over $9k during the morning’s Asian trading session. Yesterday’s surge of 8% from $8,600

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Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k

Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k

The Bitcoin network hash rate has reached a new all-time high (ATH) as the BTC price reclaimed $9,000. Bitcoin Hash Rate at ATH Data from Blockchain.com shows that the Bitcoin network hash rate – the computing power required for securing the network – topped 62 quintillion hashes per second (62 million tera hashes per second – TH/s) this past Friday. This figure represents the highest ever hash rate value recorded on the network with the

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From Bitcoin’s Surge To Facebook’s ‘Big Brother’ Coin: Week’s Top Stories

From Bitcoin’s Surge To Facebook’s ‘Big Brother’ Coin: Week’s Top Stories

bitcoin weekly digest newspaper

25-year-old oxygen-drain, Justin Bieber, challenged 56-year-old Scientologist, Tom Cruise, to a cage fight, calling him chicken if he doesn’t accept. But would we be better off putting our money on that… or Bitcoin? [hint: the answer’s Bitcoin] Bitcoin Price Hits 13-Month High The new normal is that there is no normal… so Bitcoin is back to normal. Just when we’d got comfortable consolidating for a while around the $8000-mark, the market starts to shake things up

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Bitcoin Price Blasts Through $9.3K as Crypto Markets Hit 11-Month High

Bitcoin Price Blasts Through $9.3K as Crypto Markets Hit 11-Month High

A Sunday surge has sent bitcoin price barreling though resistance yet again as it tops $9,300. The move has lifted total market capitalization above $287 billion which is the highest it has been since July 2018. Bitcoin Price Hits 13-Month High There has been no lay in for traders in Asia this morning as bitcoin price hit a new 2019 and a 13-month high of $9,380 this morning. Following yesterday’s big move BTC spent the

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Hong Kong Protests Could Boost Bitcoin as Wealthy Move Assets Offshore

Hong Kong Protests Could Boost Bitcoin as Wealthy Move Assets Offshore

hong kong bitcoin

Bitcoin could be boosted by the current political unrest Hong Kong as the upper and middle classes are reportedly starting to move their assets offshore. Hong Kong Begins Moving Wealth Offshore Fears over the hated extradition bill, whose introduction the Hong Kong government has only suspended but declined to withdraw, are causing the wealthy to start moving their capital from Hong Kong to offshore. People in Hong Kong vehemently oppose a proposed bill, which would

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Facebook’s ‘Silicon Valley Coin’ Is A Leap Towards Surveillance Capitalism

Facebook’s ‘Silicon Valley Coin’ Is A Leap Towards Surveillance Capitalism

The full list of partners working with Facebook to host its new crypto stablecoin has gone public – and already sparked fears of mass data collection. Facebook Crypto Nets Giants Of User Data Published by cryptocurrency news outlet The Block June 14, the partners for the project variously dubbed ‘Libra’ and ‘Facebook Coin’ make for revealing reading. We know that Facebook is charging $10 million to run nodes for its cryptocurrency. Bitcoinist even uncovered a

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Bitcoin Bulls Are Running Again – Is $9,000 The Weekend Target?

Bitcoin Bulls Are Running Again – Is $9,000 The Weekend Target?

BTC

After over a week of consolidation, bitcoin price has started to move again as we enter the weekend. Many had anticipated a selloff and larger correction, which still may come, but at the moment the bulls are back in play as BTC breaks resistance. BTC/USD Breaks Resistance From an intraday low of around $8,200, bitcoin price shifted gear and broke this resistance level to push to a high of $8,730 a few hours ago during

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Bloomberg: Bitcoin Price May Hit $400K Due to Fundamentals, Not FOMO

Bloomberg: Bitcoin Price May Hit $400K Due to Fundamentals, Not FOMO

bitcoin price rocket

Bitcoin’s improving fundamentals and the arrival of institutional investors could impact the volatility and price action of future rallies and corrections. The Nature of Bitcoin Rallies will Change Aaron Brown, the author of a recently published op-ed in Bloomberg, believes that the next sustained Bitcoin rally could be more measured as it will be propelled by fundamentals and global financial events rather than FOMO. According to Brown, the boom and bust nature of the cryptocurrency

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Jack Dorsey: Bitcoin Is Our One Opportunity to ‘Align the World’

Jack Dorsey: Bitcoin Is Our One Opportunity to ‘Align the World’

jack dorsey casa node

Twitter and Square CEO Jack Dorsey has repeated his belief that only Bitcoin will become the global currency of the internet. Bitcoin Can ‘Align’ The World Speaking in an interview with Quartz on June 14, Dorsey, who has made a name for himself as a Bitcoin advocate, said that the world was in a unique position to change the financial system. Blockchain-based cryptocurrency, he said, would be that change. “This is our one opportunity to

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Bitcoin Price Analysis: Short Squeeze Pushing Up BTC Price to $8.5K

Bitcoin Price Analysis: Short Squeeze Pushing Up BTC Price to $8.5K

bitcoin price chart

Bitcoin buyers are attempting to reject the bearish rising wedge pattern right now, after a short squeeze on the Bitcoin futures market elevated the price beyond $8,300. Will bulls be able to maintain this momentum, or will the heavy selling pressure prove too much to handle? Let’s take a look. Bitcoin Daily Cha rt On the BTC/USD daily chart, we can see that the price is still constricting inside the rising wedge pattern that we identified

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