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XRP’s Return Seems To Be Slowing Down

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Yesterday, October 11th 2018, you may have heard of a little bit of a crash that occurred in the markets, seeing Bitcoin significantly dropping below the $ 6,500 mark. The third biggest digital currency saw a big change too as it moved from $ 0.4622 to $ 0.3781 in only one day.

Today, the trading showcasing buyers stepping in to get their hands on the cheaper token after the sell-off. After the resulting general market sentiments being in the red, sellers have had their say and XRP and the US dollar met a hurdle to overcome the $ 0.4400 mark the markets are certainly disrupted. However, with the huge change that occurred yesterday in the markets, expecting a recovery soon could be a pipe dream.  Read more...

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Coinbase Shuts Down Its Index Fund in Favor of Retail Offerings

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San Francisco-based Coinbase is reportedly planning to shut down its index trading product targeting accredited investors after user-demand failed to reach expectations. According to a recent report by The Block that cites insiders familiar with the matter, Coinbase has made the decision to forego its market-cap-weighted index fund after raising less than the firm expected. [Read: Coinbase […]
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Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments

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Nouriel Roubini bitcoin cryptocurrencyThe United States Senate Committee on Banking, Housing, and Urban Affairs held an informational hearing today titled “Exploring the Cryptocurrency and Blockchain Ecosystem.” The speakers included Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center. Both gave testimonies on

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TRX Won’t Slow Down, Check Out TRON’s Latest Announcements

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Tron's Latest News Thumbnail

Soundcloud Logo on Transparent Background Listen Here – https://soundcloud.com/cryptodaily/trx-wont-slow-down-check-out-trons-latest-announcements

TRON and the TRON Foundation have made very exciting progress through the start of October and continue to impress the crypto community. Granted, the value of TRX is still stagnant, however this doesn’t have any reflection on the progress of the TRON Foundation. Just because TRX is down low, it doesn’t mean the TRON team aren’t working hard in the background. TRX is down as a result of the bear market and the organic nature of this regressive market. When the markets turn round, we can hope that TRX will be one of the first cryptos to fly high. As it stands though, we can’t even begin to guess when this may happen.  Read more...

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Bitcoiners Shoot Down Roubini’s US Senate Testimony

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Bitcoiners Shoot Down Nouriel Roubini’s Misinformed Senate Testimony

Noted Bitcoin critic Nouriel Roubini will deliver a speech on cryptocurrency and blockchain to the U.S. Senate today, and it is unlikely that the man known as “Dr. Doom” will mince his words. Nor will the economist concern himself too much with the truth, as his prepared testimony is filled with exaggerations and inaccuracies that the cryptocurrency community has already started to gleefully pull apart.

Also read: 30 People Who Were Really Wrong About Bitcoin  Read more...

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Ripple (XRP) Defends 5 Week EMA Amid No Signs Of A Slow Down

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Ripple Chart With Values

Chart for XRP/BTC (1W)

Ripple (XRP) has defended its 5 Week EMA. This is a clear message to all the critics out there calling Ripple (XRP)’s rally a pump and dump. RSI for the above weekly chart for XRP/BTC does seem to have neared the overbought range. However, there is no sign of a slowdown yet and something bigger is brewing on the bigger picture. The accumulation to distribution ratio on the above chart shows something very interesting. From the beginning of 2018 till mid September we saw a steady decline in accumulation against distribution. However, towards the end of September, we witnessed a trend reversal. Accumulation rose against distribution till it hit resistance and retraced. Currently, the Accumulation/Distribution ratio is in a very good position for another rally.  Read more...

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CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

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bitcoin cryptocurrency crime fraud jailThe Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $ 900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years

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Leading Crypto Fund Pantera Capital Is Down 73% in 2018

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Retail crypto investors aren’t the only ones suffering from massive losses in 2018, as most major institutional investment firms are down big. The prime example comes from performance data of leading cryptocurrency investment group Pantera Capital that showed a YTD loss of nearly 73% for its Digital Asset Fund, which holds at least 20-30 different cryptocurrencies and tokens, […]
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Here’s What Went Down At The 2018 Cloudflare Internet Summit

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Here’s What Went Down At The 2018 Cloudflare Internet Summit

Over ten years ago in the now foreign world that was 2004, Lee Holloway and Matthew Prince set out to answer one question, “where does email spam come from?” Together, the pair built a system which allowed people to track how their emails were being taken by spammers. With this, Project Honey Pot began.

The Cloudflare website states:

“Project Honey Pot quietly grew over the years. Lee’s flexible architecture adapted to track more of the threats that web administrators faced.

Continue reading Here’s What Went Down At The 2018 Cloudflare Internet Summit at Crypto Daily™.  Read more...

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1Broker Shut Down, Will More Bitcoin Exchanges be Targeted by US Gov’t?

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1Broker, a Marshall Islands-based securities dealer and bitcoin trading platform, was recently taken down by the US authorities. The FBI seized the domain of 1Broker, shutting down the platform for allegedly violating money laundering regulations and distributing securities as an unregistered dealer. The official announcement of the US Securities and Exchange Commission (SEC) read: “The

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GBTC Premium Down 10%: Will Bitcoin Drop in Price or is ETF Hype Rising Again?

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The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $ 2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for

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New Ripple Led Coalition Is Working To Grind Down US Regulators

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New Ripple Led Coalition Is Working To Grind Down US Regulators

‘Securing America’s Internet of Value Coalition’ is the name of the latest movement in the United States designed to help put pressure on regulators in the United States to ensure a more secure future for cryptocurrency in the US. The coalition is to be led by Ripple as well as another of other Fintech firms. The primary objective of this coalition is to spearhead emerging financial technologies, helping to enable such projects as XRP to flourish within the United States.

Continue reading New Ripple Led Coalition Is Working To Grind Down US Regulators at Crypto Daily™.  Read more...

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India’s Zebpay Shuts Down Exchange Activities

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India’s Zebpay Shuts Down Exchange Activities

One of the largest cryptocurrency exchanges in India, Zebpay, is shutting down its exchange activities due to the crypto banking ban imposed by the country’s central bank. “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay wrote.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Zebpay Stops Exchange Activities

India’s Zebpay Shuts Down Exchange ActivitiesZebpay announced on Friday the shutdown of its popular crypto exchange, which according to its website has over three million users.  Read more...

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The Bitcoin Price Could Go Down to as Little as $100, Fintech Expert Claims

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stock price down

Some have said Bitcoin’s price has hit its bottom and could only go higher, even being bold enough to say that it could go back to its $ 20,000 highs by the end of the year. However, according to one fintech and forex expert, the price of Bitcoin can only get worse. Polish fintech expert who works with Aforti Exchange believes that the Bitcoin evolution, especially over the period between December last year and February this year, is a classic speculative bubble. Even though there have been recoveries over the year, consumer interest and the accompanying trade volume has been steadily declining.  Read more...

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Major Indian Bitcoin Exchange Zebpay Shuts Down Due to Banking Freeze

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Zebpay, one of India’s biggest cryptocurrency exchanges, has announced the shuttering of all exchange services on Friday following the central bank’s banking ban on the crypto industry. Launch in 2015, Zebpay started trading with an app-only service that quickly became one of India’s most-downloaded bitcoin wallet and exchange apps. With a know your customer (KYC)

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Bitcoin Price Watch: Currency Down Again as Future Remains Unclear

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What can we say except that bitcoin is once again down for the count? The currency has fallen by roughly $ 300 in the last 24 hours and is now trading for just over $ 6,300. Perhaps it was asking a bit too much that investors get their hopes up regarding the future. After all, it appears bitcoin has been going through this pattern since mid-July. It rises a bit and gets everyone flustered and thinking the big bucks are right around the corner only to stumble back down to where it was before.

BTCUSD: BITCOIN 2H UPDATE 25/9/2018 - xuanhaimmoer  Read more...

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Stellar Price Down Over 10% – 2 Price Predictions

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stellar price 924

The Stellar price went down over 10% today, trading at $ 0.24 at the time of writing. Despite the recent drop, current XLM levels are what they were only 4 days ago. There are still some exciting announcements to look forward to before the end of 2018 for Stellar. They include, the launch of their Lightning Network and the introduction of State Channels.

2 Stellar Price Predictions:

We love cryptocurrency price predictions, let’s start with this overly optimistic chart by aamonkey from tradingview:stellar price prediction chart

Using wave analysis, the chart shows that Stellar must have just completed its first wave of the new bullish move.  Read more...

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Ripple (XRP) Rally Slows Down After Facing Resistance At 200 Day EMA

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Ripple (XRP) Rally Slows Down After Facing Resistance At 200 Day EMA

Ripple (XRP) had a long streak of bullish rallies these past few days as the price rallied straight through strong resistances from $ 0.25 to $ 0.50 in matter of just four days! That is a 100% increase in a period of four days. This rally is even more astounding when you consider that the rest of market is still at a standstill and there is no clear direction. Ripple (XRP) investors on the other hands seem to be very clear about where the market is headed next.

Continue reading Ripple (XRP) Rally Slows Down After Facing Resistance At 200 Day EMA at Crypto Daily™.  Read more...

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Coming Down: Wall Street’s Top Pot Stock Tilray (TLRY) Falls 17%

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Pot-mania has been in full force over the past few months, with leading marijuana stock Tilray (TLRY), a Canadian medical cannabis producer, increasing its market value 10x since it was listed on the Nasdaq in July. Yesterday, that mania perhaps reached a peak, as Tilray jumped nearly 90% while being halted 5 separate times before […]
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