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As equities continue to bid, bitcoin’s price action has started to meaningfully turn over, but while the S&P 500 rallies while bitcoin doesn’t follow.
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
The Dow and broader U.S. stock market reversed losses on Thursday even as disappointing corporate earnings and sliding oil prices dragged on investor sentiment. Dow Pares Losses; S&P 500, Nasdaq Advance Wall Street’s major indexes traded lower for most of the session on Thursday, mirroring a tepid pre-market for Dow futures. They would eventually […]
The post Dow Avoids Third Loss in a Row as ‘Phony’ Buyback Rally Continues appeared first on CCN Markets
Litecoin (LTC) has made another major move toward increasing the altcoin’s public awareness after the project’s foundation announced this week that it has become the “official cryptocurrency of the Miami Dolphins.” We are excited to announce Litecoin as the Official Cryptocurrency of the Miami Dolphins! 🏈 Litecoin Foundation is partnering with @MiamiDolphins and @AliantPayment to allow […]
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Gold is holding near 6-year highs amid Friday’s non-farm payrolls (NFP) data. The yellow metal looks set to record another week of bullish gains after smashing through previous resistance at $ 1,360. Prices have not rallied this hard since 2011 when investors were piling into commodities on the back of an epic decade-long bull run. Traders […]
The post Gold Shines Near 6-Year Highs As Bullish Run Continues appeared first on CCN Markets
Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies, has continued its exchange listing spree with a recent nod from Bittrex International. New Listing Update: The Fantom wallet is open, and trading will begin shortly on https://t.co/ZnYwxyB82N. For more information about Fantom (FTM) […]
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Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Grayscale Gains Regulatory Approval to List Its Ethereum Trust (ETHE) Grayscale Investments, a digital asset management firm founded by […]
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Bitcoin (BTC) is once again gaining the attention of mainstream media and investors as the price has surged over 37% in the past week. Bitcoin is now trading above $ 8,000 for the first time since July of 2018 and data suggests the fundamentals for the leading digital currency have improved markedly over the period. In […]
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Summary:
Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $ 850 million in missing funds escalated with another round of court filings this past weekend.
The top exchange and New York’s principal legal advisor went back and forth with each other in two new letters submitted to the New York Supreme Court. Within the fresh filings, each a response to a previous filing by the other, the same ole song and dance.
Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.
CoinDesk
The price of Bitcoin (BTC) has seen a sharp increase in the past week, up over 30% — this has led to increased interest from investors all around the globe, including Wall Street. Aside from the price increase, the bitcoin network has been growing at a steady pace with approximately 400,000 daily Bitcoin transactions compared […]
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This article was originally published by 8btc and written by Lylian Tang.
The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.
360 Core Security found that Lazarus, also known as the ATP-C-26 group, used software called “Worldbit-bot” to carry out its active attacks. The crypto exchange DragonEx fell victim to it on March 24, 2019, leading to a loss of $ 7.09 million, according to the 360 Security report.
Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:
Figure 1: BTC-USD, Daily Candles, Fourth Rejection
If we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. Our fourth attempt, however, was brought into the level on low volatility and saw a weak rejection.
Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent.
Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume
Enjin Coin (ENJ) has seen another meteoric surge in price today after the project, which is building a decentralized ecosystem for gaming, confirmed an official partnership with Samsung Electronics (SSNLF). As we previously reported, initial speculation helped drive up the price of ENJ, and numerous other altcoins, after images circulated suggesting the Samsung Galaxy S10 will come […]
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Earlier this week, Fetch.AI (FET), a project using a blend of blockchain and DAG (directed acyclic graph) data structures to develop a scalable ledger, became the second token to conduct an ICO on the Binance Launchpad platform this year. According to Binance’s recap of the token sale, 69,204,152 FET were sold to participants in 11 […]
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Tippin.me, an independent project developing a simple browser extension and web custodial wallet to receive and manage Bitcoin (BTC) through the Lightning Network, reportedly has over 14,000 signups since launching 3 months ago. According to research by crypto analyst Kevin Rooke that was confirmed by Tippin creator Sergio Abril, the app has seen some notable growth […]
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Twitter CEO and long-time vocal Bitcoin (BTC) supporter Jack Dorsey revealed on Friday that he is now the owner of a Casa Node, a plug-and-play box that allows users to run their own Bitcoin and Lightning Node with no coding experience. Got one of these to play with. Thanks @CasaHODL @jeremyrwelch! pic.twitter.com/XnGqucrQNH — jack (@jack) March […]
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There are many keywords in blockchain, but few spark as much emotion as “decentralization.” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.
Trust Wallet, a Binance-owned mobile wallet that supports Bitcoin, Ethereum and over 20,000 different Ethereum-based tokens across the ERC-20, ERC-223 and ERC-721 standards, is continuing its efforts to provide support for leading privacy coins with the addition of ZCoin (XZC). Privacy means having the power to make your own choices about how you represent yourself […]
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