In the last 24 hours, the crypto market slightly recovered from $ 111 billion to $ 113 billion as Bitcoin rebounded to $ 3,400. Other major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) recorded gains in the range of three to seven percent against the U.S. dollar. Following the partnership with R3 and SWIFT, rumors around a potential SWIFT and Ripple partnership emerged and analysts attributed the sudden increase in the price of XRP to the rumors. Longest Bear Market, What Can Investors Expect? According to a cryptocurrency technical analyst Jonny Moe, the cryptocurrency market has officially entered into
The cryptocurrency market has its very own long tail trend that sees the majority of all value flow to BTC, with altcoins left to fight for the scraps. With a $ 60 billion market cap and a dominance of 53 percent, BTC has ruled the market since day one. As altcoin investors endure the persistent pain of an ongoing bear market, they may be entitled to ask: is the long tail a long-term trend?
The big technology stocks of Facebook, Amazon, Netflix and Google (FANG) have all rallied the past month. But not Apple which is seeing a near 7% decline over the period. It looks like FAANG (Facebook, Apple, Amazon, Netflix and Google) could be dead. FANG Stocks Rally Over the last month, Facebook shares are up 3%,
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The film “The Big Short” is about how Michael Burry’s Scion Capital and others famously uncovered the housing bubble and sought to profit from it. Fir Tree Capital Management was part of this story as well, except they were on the other side of the table. They noticed the crash taking place in sub-prime mortgages
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Throughout the past eleven months, the Bitcoin price has dropped from $ 19,500 to $ 3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov,
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Bitcoin (BTC) bulls may not seem aggressive but they are definitely more determined than the bears. Most bulls are confident in Bitcoin (BTC)’s long term growth as long as the price remains above the 1000 Day EMA. As the BTC/USD daily chart shows, the price is currently well above the 1000 Day EMA and is not likely to fall below it under the bullish case. Before the month of September, if the price would fall to the 1000 Day EMA, it would coincide with the long term trend line. However, this time, if the price falls back to the 1000 Day EMA, it would have to fall below the trend line. It is pertinent to note that a fall below the trend line and a fall below the 1000 Day EMA do not mean the same thing.
It has been a pain to watch the bitcoin charts these past couple of months, but lucky enough I’ve been busy reading about the latest discussions around technology developments to take my mind out of it. Why is the market crashing? What’s bringing it down? Who’s responsible for this calamity? When will it recover? I,
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Ripple (XRP) entered a strong downtrend since the beginning of this month. This was the result of Ripple (XRP) forming a double top as seen on the above chart for XRP/USD. After forming the double top, Ripple (XRP) entered a descending channel and has since been on a steady decline. The trend line that passes through the point of inflection of the last rally during late September has served as a temporary support for XRP/USD so far. It is likely that Ripple (XRP) will rise from here and form another pattern like it has between Sep 17 and October 11. This might push the price of Ripple (XRP) above the $ 1 mark possibly by the end of October. RSI has reached oversold levels now on the 4H chart for XRP/USD.
Note: This is part 2 in a multi-part interview series with Caitlin Long, a 22-year Wall Street veteran who formerly led Morgan Stanley’s Pension Solutions Group. Long, an ardent blockchain advocate, has been critical of Wall Street’s corrupt banking practices, which she fears institutions will integrate into their cryptocurrency products and services. Read part 1 here. Part
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The newest episode of What Bitcoin Did features a debate between two crypto advocates with a strong economic background, Caitlin Long and Dr. Saifedean “Saife” Ammous. It was loosely moderated by regular host Peter McCormack and the discussion was lively.
Caitlin Long, a recurring guest with the podcast network, has been involved with Wall Street financial banking for more than 20 years and has been a firm advocate for cryptocurrency since 2012. Dr. Saifedean “Saife” Ammous, on the other hand, comes from a more academic background and has been a professor of economics for several years. Having embedded himself in the space for several years, Ammous is also the author of a book on cryptocurrency and economics, “The Bitcoin Standard.”
Note: This is part 1 in a multi-part series exploring the dangers of rehypothecation and commingling in bitcoin and other cryptocurrency assets that could occur once Wall Street begins offering crypto products. Part 1 is an interview with Caitlin Long and subsequent parts will ask the question, “How did we get to a place that
The post Interview: Fmr. Morgan Stanley Exec. Caitlin Long on How Wall Street Wants to Ruin Bitcoin [Part 1] appeared first on CCN
Bears remain fully in control of Bitcoin price, yet somehow, the $ 6,000 support is holding…for now.
Bitcoin Price: 4-Hour Chart
After posting a daily high at $ 6,460, bitcoin price fell below the wedge formation and constant rejections at the 20-MA have kept BTC 00 in the pattern of lower lows.
Eventually, a bear flag formed and BTC continues to lose the hourly uptrend after every bull break so traders should either hold their powder or place tight stops in order to avoid being trapped by fake outs.
Whilst it seems frustrating that the SEC keep rejecting these Bitcoin ETF proposals as its pulling the markets down, we need to see this as a part of a bigger picture. Overall, it’s not entirely a bad thing as perhaps the SECs decisions are evidence that the markets aren’t ready for a Bitcoin ETF yet anyway. Surely, it’s better to take time with these things in order to get them right first time, instead of rushing into an approval?
Even though most cryptocurrency speculators only focus on the top 15 coins ranked by market cap, they are not the only ones causing excitement. Lisk, currently ranked 22nd overall, is noting some impressive gains while the top currencies are seemingly on the verge of retracing. Thanks to a small gain, the Lisk price now sits at $ 4.21 again.
Lisk Price Momentum Intensifies
Virtually all cryptocurrencies have seen a rough start to 2018 and Lisk is no exception. It has been a very long and steady drop from the all-time high Lisk price of $ 37, and the bearish momentum may not be over just yet. However, there is a positive note over the past 24 hours, which may very well signal at better things to come.
You might look at XRP at the moment and shudder, especially if you bought in during the cryptocurrency boom when XRP exceeded $ 2.00. Yesterday, we covered a story about CNBC’s Fast Money, which back in January ran a piece about XRP investment, urging new investors to buy in at $ 2.50.
If you’re one of those people, you have every right to sit and stare at the markets, filled with regret right now. Remember though, XRP is a long term investment and therefore, it’s not over just yet.
Long Blockchain, the former beverage company-turned-blockchain firm, was hit with a subpoena from the SEC, according to statements filed by the company on Wednesday.
Long Blockchain is cooperating with the authorities in regards to the matter, reports from Bloomberg indicate. According to the company, which formerly specialized in iced-tea drinks, the SEC filed the subpoena on July 10 in hopes of obtaining a series of documents related to the firm.
For the Nassau County-based company, this is the next in a series of woes which includes a delisting of the company’s stock by Nasdaq. Formerly named Long Island Iced Tea Corp., the company has seen its value drop roughly $ 65 million since December. This leaves the company with a market value of roughly $ 5 million.
Over the past year, there has been a lot of forked coins based on the Bitcoin Core (BTC) codebase in various forms and with all types of interesting names. There are anywhere between 40-70 forked coins in the ecosystem that are worth a few bucks, while some of them are worthless and not worth the time to claim. Over the past three weeks, news.Bitcoin.com started the process of collecting as many forks as we can, just to see if the processes are easy or how hard it is to claim these tokens.
Nearly all cryptocurrency markets have suffered from a big setback in the past 24 hours. Ongoing regulatory concerns in India are making their mark on the industry yet again. The Cardano price has lost a whopping 6.96% in value over the past 24 hours. This is not the trend speculators are looking for by any means.
Cardano Price Setback is Quite Steep
After the recent cryptocurrency market gains, it is only normal a small correction is in order. That correction is taking on a rather worrisome shape for some altcoins, whereas the top currencies are down by less than three percent. In the case of the Cardano price, there has been a 6.96% setback over the past 24 hours. Most of the gains made over the past few days have now been eradicated in the process.
No one said making blockchain games would be easy. But when Crypto Kitties went viral in December, briefly crippling the Ethereum blockchain in the process, it was believed to have cracked it. The $ 12 million in seed funding that the project secured, three months later, was seen as validation of this. But as the subsequent decline of Crypto Kitties shows, blockchain games have still got a long way to go.
The financial sector is seeing growing interest in cryptocurrency that has resulted in more and faster adoption according to the latest survey by Thomas Reuters. That news will certainly bolster the objectives in the Middle East where Dubai aims to be the first blockchain powered city. It is also reflective of the hype surrounding EOS as more than 50 companies are competing for 21 supernodes.
But before there was all of these cryptocurrency projects, there were the cypherpunks. In a special feature, we look at the accomplishments of Dr. David Chaum and what has resulted from his early papers on encrypted communication.