Monday, February 17Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

$9,000: Bitcoin Breakdown Might Be The Real Deal As Altcoins Plunge

$9,000: Bitcoin Breakdown Might Be The Real Deal As Altcoins Plunge

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Please share if you find this article interesting. $9,000: Bitcoin Breakdown Might Be The Real Deal As Altcoins Plunge Bitcoin was rejected near the $10,500 area against the US Dollar. BTC could extend its decline as Bitcoin PriceBesides, the 50% Fib retracement level of the recent slide from the $10,400 high to $9,632 low is near the $10,000 area to act as a key resistance. The main resistance for bitcoin is near the $10,120 level and the 100 hourly simple moving average.Therefore, a successful break above $10,000 and then a follow up move above the 100 hourly simple moving average is needed for a fresh increase towards $10,500 in the near term.More Losses As Ethereum and Ripple Plunge?As mentioned, Ethereum and ripple are declining heavily, which may perhaps increase pressure o...
The Many Facts Pointing to Dorian Nakamoto Being Satoshi – Bitcoin News

The Many Facts Pointing to Dorian Nakamoto Being Satoshi – Bitcoin News

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Please share if you find this article interesting. The Many Facts Pointing to Dorian Nakamoto Being Satoshi - Bitcoin News In March 2014, a Newsweek columnist named Leah McGrath Goodman published a story called “The Face Behind Bitcoin.” She claimed Bitcoin’s inventor was a retired physicist named Dorian Nakamoto. When Goodman arrived at Dorian’s home in California, he said he was “no longer involved in that” and he “cannot discuss it.” The commentary prompted Goodman and her Newsweek cohorts to assume he was talking about the creation of Bitcoin, so they published an exposé about Dorian’s life. The following is the fifth installment of news.Bitcoin.com’s “the many facts” series, with a comprehensive look at the evidence that was tethered to Dorian Nakamoto and Bitcoin’s myster

Ripple (XRP) Nosedives Below $0.30: Is This Fresh Decline or Just Correction?

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Please share if you find this article interesting. Ripple (XRP) Nosedives Below $0.30: Is This Fresh Decline or Just Correction? Ripple declined heavily from well above $0.3200 against the US Dollar. XRP price even dived below $0.3000 and it could continue to move down in the near term.Ripple price fell sharply after the bears were able to clear the $0.3000 support against the US dollar.The price traded as low as $0.2677 and it is currently correcting losses.There are two connecting bearish trend lines forming with resistance near $0.2950 and $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken).The price must climb back above $0.3000 to start a fresh increase in the coming sessions.Ripple Price Could Extend LossesIn the past 3-4 sessions, ripple faced an incr...
Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls

Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls

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Please share if you find this article interesting. Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls Ethereum started a sharp decline below the $265 and $260 support levels against the US Dollar. ETH even tumbled below $250 and it is currently correcting losses.Ethereum is down more than 8% and it even spiked below the $250 support against the US Dollar.The price traded as low as $236 and it is currently recovering losses.There is a major bearish trend line forming with resistance near $264 on the hourly chart of ETH/USD (data feed via Kraken).Ethereum PriceThe 50% Fib retracement level of the recent dive from the $274 high to $236 low is also near the $260 area and acting as a hurdle for the bulls. Therefore, a clear break above the $260 level, 100 hourly s
More On-Ramps, Liquidity, Options: Why Bitcoin’s Next Bull Run Will Be Different – Bitcoin News

More On-Ramps, Liquidity, Options: Why Bitcoin’s Next Bull Run Will Be Different – Bitcoin News

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Please share if you find this article interesting. More On-Ramps, Liquidity, Options: Why Bitcoin's Next Bull Run Will Be Different - Bitcoin News Bitcoin’s next bull run will look very different from the last one. In 2017, BTC took the elevator to $20K before following the stairs down to $3K over the course of 12 months. In 2020, as bitcoin prepares for its halvening – followed by another potential price run – the cryptocurrency landscape looks very different. Here’s what’s improved since 2017. Also read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC More Fiat Gateways In 2017, getting funds into crypto called for routing them via dubious banks, paying dearly for the privilege, and often waiting days for the transaction to clear. In 2020, most exchanges have
CME Bitcoin Futures Just Opened, and It May Catapult BTC Back to $10ks

CME Bitcoin Futures Just Opened, and It May Catapult BTC Back to $10ks

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Please share if you find this article interesting. CME Bitcoin Futures Just Opened, and It May Catapult BTC Back to $10ks The CME bitcoin futures market just opened, and it could be the catalyst that leads the recovery of BTC back to the $10,000s.Throughout the weekend, the bitcoin price dropped from $10,500 to as low as $9,650, liquidating a significant amount of long contracts.Why CME open can lead bitcoin recoveryOn active days, the CME bitcoin futures market settles between $300 million to $500 million in daily volume.In May 2019, for instance, when the bitcoin price was hovering at around $13,000, CME recorded an average volume of $515 million per day on its bitcoin futures contracts.While margin trading platforms such as BitMEX and Binance Futures process billions of dollar...
Steemit for Sale: Popular Crypto Blogging Platform Sold to Tron, Community Reacts – Bitcoin News

Steemit for Sale: Popular Crypto Blogging Platform Sold to Tron, Community Reacts – Bitcoin News

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Please share if you find this article interesting. Steemit for Sale: Popular Crypto Blogging Platform Sold to Tron, Community Reacts - Bitcoin News Crypto blogging platform Steemit is undergoing a big change, migrating from its own Steem blockchain to the Tron network. The struggling crypto blogging platform launched in 2016 and made waves when big name libertarian users began to make thousands of dollars per post. The platform’s heyday was short-lived, however, and after the departure of co-founder Dan Larimer of EOS fame, attempts to rebrand, and layoffs, it has finally ended up in the care of crypto mogul Justin Sun, founder of the Tron platform. Also Read: Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet Steemit Sold to Tron Founder
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan – Bitcoin News

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan – Bitcoin News

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Please share if you find this article interesting. 84 PBOC Digital Currency Patents Show the Extent of China's Digital Yuan - Bitcoin News The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central bank digital currency to achieve scale from the get-go has put several other central banks worldwide on high alert. Also read: Trump Views Crypto a Threat, Proposes Countermeasures in New Budget PBOC’s 84 Digital Currency Patents The People’s Bank of China (PBOC) has filed 84 patents relating to its plans to launch a digital yuan, the Financial Times reported
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response – Bitcoin News

US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response – Bitcoin News

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Please share if you find this article interesting. US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response - Bitcoin News The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy, and national security. Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger Crypto Could Undermine USD as the World’s Reserve Currency The U.S. Office of the Director of National Intelligence has posted a research opportunity entitled “Evaluating the Impact of U.S. Dollar Los
India’s Election Commission Developing Blockchain System for Voting – Bitcoin News

India’s Election Commission Developing Blockchain System for Voting – Bitcoin News

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Please share if you find this article interesting. India's Election Commission Developing Blockchain System for Voting - Bitcoin News The Election Commission of India is collaborating with the Indian Institute of Technology to develop a blockchain system for voting, the Chief Election Commissioner has reportedly revealed. The new system aims to allow Indians to vote even when they are away from their hometowns. Furthermore, the commissioner has proposed to link voter IDs with Aadhaar. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Using Blockchain System for Voting in India Chief Election Commissioner Sunil Arora said at the Times Now Summit on Wednesday that the Election Commission (EC) was close to solving one of the biggest voting problems in...