Friday, June 5Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Prepping for a Pullback? Bitcoin Price Drops Below $6,000

Prepping for a Pullback? Bitcoin Price Drops Below $6,000

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Prepping for a Pullback? Bitcoin Price Drops Below $6,000 After rallying to a new record high, bitcoin is once again trending down. According to Coindesk's Bitcoin Price Index (BPI), bitcoin prices dipped below $5,800 this morning – prices first passed the $6,000 mark on Friday and set the new all-time high (of $6,148) at 15:00 UTC on Saturday. That figure takes the cumulative returns from the September low of $2,980 to more than 100 percent. The record rally indicates that the regulatory crackdown in China, and subsequent fears of similar restrictions across the globe, have failed to dampen investor sentiment. Meanwhile, the potential benefits of holding bitcoin ahead of another hard fork (in November) – which promises the creat
Institutional Investors Still Steering Clear of Bitcoin: Research

Institutional Investors Still Steering Clear of Bitcoin: Research

BITCOIN
Please share if you find this article interesting. Institutional Investors Still Steering Clear of Bitcoin: Research Digital currency’s market share has reached nearly $170 bln this year, and that figure puts them out there as a major asset. In fact, Bitcoin alone has outshone PayPal in recent months. However, despite the huge amount of money flowing into this market, and the seemingly mainstream interest springing up globally, the thought is that traditional big money investors have not quite entered the market yet. Institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people's money in. Hedge fund options Because digital currencies are such a new and unprecedented
Sell ‘ShitCoin2x’ Immediately for Best Profit: Bitcoin Exchange BitMEX to Traders

Sell ‘ShitCoin2x’ Immediately for Best Profit: Bitcoin Exchange BitMEX to Traders

BITCOIN
Please share if you find this article interesting. Sell ‘ShitCoin2x’ Immediately for Best Profit: Bitcoin Exchange BitMEX to Traders Cryptocurrency trading platform BitMEX has told users to dump SegWit2x Bitcoins “immediately” following November’s hard fork. In a dedicated trading strategy blog post, BitMEX, which earlier this month signaled its opposition to all hard forks, described SegWit2x as a “shitcoin.” “He who sells first, sells best,” the post advises in reference to divesting oneself of non-Core chain coins. “On the ex-date (expected to be on or around Nov. 20), you will receive B2X in a 1:1 ratio. These B2X coins should be immediately sold for USD. At the same time, the futures should trade at a discount or negative basis.” BitMEX confirmed that its own index would n
Kazakhstan Following Russia’s Lead with Own Cryptocurrency

Kazakhstan Following Russia’s Lead with Own Cryptocurrency

BITCOIN
Please share if you find this article interesting. Kazakhstan Following Russia's Lead with Own Cryptocurrency Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia. It was announced via the country's government-supported Astana International Finance Center (AIFC) who said they had signed a deal of cooperation with a Maltese firm called Exante. Next generation investment In plugging themselves, Exante calls themselves a “next generation investment company." They said they would work with the AIFC to develop the ex-Soviet nation's untapped cryptocurrency market. "Blockchain and cryptocurrencies are entering the mainstream of today's economic reality," Kairat Kelimb
Bitcoin Price Lingers Below $6k As Post-Fork Altcoin Rally Expected

Bitcoin Price Lingers Below $6k As Post-Fork Altcoin Rally Expected

BITCOIN
Please share if you find this article interesting. Bitcoin Price Lingers Below $6k As Post-Fork Altcoin Rally Expected Bitcoin prices were back below $6,000 Monday amid talk of an imminent altcoin rally to shelve protracted losses. Bitcoin’s honeymoon above the latest significant barrier remained chequered over the weekend as momentum appeared to cool. After recrossing $6,000 several times, rates on the majority of exchanges were settling around $5,800 at press time with some volatility. The move downwards has so far failed to breathe new life in altcoin markets, which have seen little by way of recovery or more in recent weeks. As Bitcoin climbed from $5,000, investors broadly opted to continue stockpiling the virtual currency ahead of the two hard forks due Tuesday and Nov. 18
Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $10?

Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $10?

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $10? Key Highlights Ethereum classic price extended its recent decline and traded towards $10.50 against the US Dollar. There is a crucial bearish trend line forming with resistance at $10.90 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might decline further, but the $10.00 support holds a lot of importance in the near term. Ethereum classic price is under pressure against the US Dollar and Bitcoin. ETC/USD needs to hold the $10.00-10.50 support to avoid heavy declines. Ethereum Classic Price Support There was no major recovery in ETC price as it failed to move above $12.00 against the US Dollar. The price traded lower and broke the $11.80 su
What’s In A Name? Craig Wright Fail Reveals he is NOT Satoshi Nakamoto

What’s In A Name? Craig Wright Fail Reveals he is NOT Satoshi Nakamoto

BITCOIN
Please share if you find this article interesting. What’s In A Name? Craig Wright Fail Reveals he is NOT Satoshi Nakamoto Self-proclaimed Bitcoin creator Craig Wright has appeared to confirm he is not Satoshi Nakamoto. Wright, who has vehemently defended himself against criticism to maintain he is the elusive personality, failed to recognize his own name on a list of Bitcoin ‘influential people.’ The debacle played out on Twitter late last week as CoinDesk called for participants in a survey of Blockchain industry figures. Civic CEO Vinny Lingham’s forecast the survey could be “controversial” came true sooner than expected. While Satoshi Nakamoto was present on the list, Wright himself was not, leading him nonetheless to publicly ask why his ‘real’ name was absent. CoinDesk respo
Tim Draper: There Was Nothing Secretive About Our Purchase of Tezos

Tim Draper: There Was Nothing Secretive About Our Purchase of Tezos

BITCOIN
Please share if you find this article interesting. Tim Draper: There Was Nothing Secretive About Our Purchase of Tezos On Oct. 22, Cointelegraph published our contributor Nick Ayton’s opinion piece called “What Lessons Can Be Learnt From Tezos ICO Debacle.” The piece asked questions regarding the situation with the Tezos’s ICO, the companies, foundations and persons that participated in it. It has recently been reported that a San Diego legal firm is considering filing a class action lawsuit on behalf of some US investors against the company Dynamic Ledger Solutions, Inc. that, as the law firm suggests, is holding the rights to the Tezos network.   Our aim is serving the crypto community, for which the question of raising money for Blockchain projects is vital. That’s why we cons
LSKUSD BREAKS BELOW SUPPORT TREND LINE AS MONERO FINDS SUPPORT AT $82

LSKUSD BREAKS BELOW SUPPORT TREND LINE AS MONERO FINDS SUPPORT AT $82

PRICE ANALYSIS
Please share if you find this article interesting. LSKUSD BREAKS BELOW SUPPORT TREND LINE AS MONERO FINDS SUPPORT AT $82 LSKUSD TECHNICAL ANALYSIS LSKUSD Daily Chart for 23.10.2017 Lisk bears are driving prices lower. After 21.10.2017 break below support trend line, a stochastic sell signal was printed. On 22.10.2017, USD bears retested support turned resistance trend line and the 20 period MA at around $5 before closing lower. Minor support is found at $4.3.  Should LSKUSD breaks below psychological $4 support level, USD bulls might drive LSK prices lower and within $2.5 and $4 range. For now, LSK bears are in charge and therefore intraday traders should look to enter short in lower time frames with stop losses above $5. DASHUSD TECHNICAL ANALYSIS DASHUSD Daily Chart for 23.10.2
Ripple Price Technical Analysis – XRP/USD Consolidates Near $0.20

Ripple Price Technical Analysis – XRP/USD Consolidates Near $0.20

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Consolidates Near $0.20 Key Highlights Ripple price declined sharply this past week and moved below $0.2400 against the US Dollar. There is a short-term bearish trend line forming with resistance at $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might dip a few points, but most likely to bounce back above $0.2050 sooner or later. Ripple price is struggling to hold on to gains against the US Dollar and Bitcoin. XRP/USD is currently trading near a major support around $0.2000. Ripple Price Support This past week was a roller coaster ride for Ripple price since it surged higher, failed near $0.3000 and moved down sharply against the US Dollar. The price