Monday, October 22Your Daily Bitcoin & Altcoin News Portal

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$10K Again for Bitcoin, But Other Cryptos Outperform

$10K Again for Bitcoin, But Other Cryptos Outperform

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $10K Again for Bitcoin, But Other Cryptos Outperform The crypto markets continued to mount a recovery this week, brushing aside fears of a possible lull ahead of the Chinese New Year holiday. At the close of the seven-day session, the total value of all cryptocurrencies is being reported at $471 billion by data source CoinMarketCap, up 22.65 percent from $384 billion seen last Friday. During this period, the market capitalization was up 39 percent from the Feb. 6 low of $276 billion. But while headlines may be dominated by bitcoin's move above $10,000 again, the world's first cryptocurrency isn't actually the biggest gainer of the week. Despite its 13.54 percent rise in prices, other large-cap cryptocurrencies (defined as those w...
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Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal

Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal

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Please share if you find this article interesting. Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal Bitcoin cash has rallied more than 96 percent from recent lows, but still remains trapped in a bearish pattern, the technical charts indicate. As of writing, bitcoin cash (BCH) is trading at $1,500, as per data source CoinMarketCap. The world's fourth-largest cryptocurrency by market capitalization has appreciated by 11 percent in the last 24 hours, making it the biggest gainer among the top 10 cryptocurrencies. The sharp recovery from the Feb. 6 low of $764 is pretty much in line with the uptick seen in the broader markets in the last 10 days. That said, BCH has outperformed other crypto market leaders over that period, except for litecoin, which is up close to 110 percent fr...
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Pullback on the Cards? Bitcoin Finds Weak Hands Above $10K

Pullback on the Cards? Bitcoin Finds Weak Hands Above $10K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Pullback on the Cards? Bitcoin Finds Weak Hands Above $10K Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. The cryptocurrency rose above $10,000 at 17:29 UTC yesterday, but ran into offers at $10,218 and dropped to $9,865.29 at 21:59 UTC. Another attempt to score gains above the $10,000 mark ran out of steam at a high of $10,293.44 at 02:14 UTC. As of writing, CoinDesk's Bitcoin Price Index (BPI) is seen at $9,960. Despite the pullback from a 16-day high of $10,293.44, the cryptocurrency is still up 1.56 percent on a 24-hour basis, according to data source CoinMarketCap. On Bifinex (the biggest exchange by volume), trading volumes surged as BTC rose above $10,000 yesterda...
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As Bitcoin Soars, So Do Coinbase Customer Complaints

As Bitcoin Soars, So Do Coinbase Customer Complaints

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Please share if you find this article interesting. As Bitcoin Soars, So Do Coinbase Customer Complaints It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough - K. certainly didn't expect a cryptocurrency exchange to be a conduit for government documents. Then K. looked at how much Coinbase said he owed money on: $2.4 million. "I initially freaked out, considering I've probably put in a max of $8,000 into Coinbase and somehow I may be liable for millions?" K. said in an online chat with CoinDesk. The next business day, K. called Coinbase customer support, only to have a representative tell him he couldn't answer the details on the phone, and to email the company instead. Which he did, only to get a formulai
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Bitcoin Price Tops $10K Across Major Exchanges

Bitcoin Price Tops $10K Across Major Exchanges

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Please share if you find this article interesting. Bitcoin Price Tops $10K Across Major Exchanges Bitcoin's price is back above $10,000 for the first time since December of last year, shortly after it had charted a course to record highs near $20,000. Since the Feb. 6 low around $6,116 (as per CoinMarketCap) – a correction that saw bitcoin lose 69.5 percent of its value from the all-time high – the cryptocurrency has slowly gained altitude despite media headlines and prominent figures in finance calling the correction a bubble in collapse. As of press time, the price of bitcoin is trading at $10,037.51, according to CoinDesk's Bitcoin Price Index (BPI). Overall, the price of bitcoin has risen more than $500 since the day's open. According to CoinDesk's Bitcoin Price Index, bitcoi
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Bitcoin Looks Above $10K, But Resistance May Await

Bitcoin Looks Above $10K, But Resistance May Await

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Please share if you find this article interesting. Bitcoin Looks Above $10K, But Resistance May Await Having hit two-week highs, bitcoin is now aiming for the $10,000 mark and beyond, but further gains may be transient, the charts indicate. Bitcoin (BTC) picked up bid yesterday following a bullish breakout on charts and rose above $9,000 in a convincing manner. The cryptocurrency moved higher to $9,961 today – the highest level since Feb. 1, as per CoinDesk's Bitcoin Price Index (BPI). As of writing, BTC is up more than 60 percent from the Feb. 6 low below $6,000. Furthermore, in the last 24 hours, BTC has appreciated by nearly 12 percent. The price rise should put to rest the fears that bitcoin may take a beating or move in a sideways manner during the Chinese holiday lull. Besi
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Fork Confusion Propels Litecoin to 1-Month High Above $200

Fork Confusion Propels Litecoin to 1-Month High Above $200

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Please share if you find this article interesting. Fork Confusion Propels Litecoin to 1-Month High Above $200 Litecoin (LTC) is putting on a show today amid news a group of developers may seek to fork its blockchain, the fifth-largest by total value. The cryptocurrency was last seen changing hands at $216, a one-month high, according to data service CoinMarketCap. Overall, LTC has appreciated by 33 percent in the last 24 hours, up over 100 percent from the Feb. 6 low of $106.94. Further, with the move, litecoin's market capitalization has jumped above $10 billion for the first time since Jan. 29. Still, the reasons for the move may give investors pause. LTC appears to be edging higher due to news of an upcoming fork called "Litecoin Cash," which is promising new tokens to existin
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Bitcoin Sees Bull Reversal Ahead of Chinese New Year

Bitcoin Sees Bull Reversal Ahead of Chinese New Year

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Please share if you find this article interesting. Bitcoin Sees Bull Reversal Ahead of Chinese New Year Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates the probability of bitcoin reporting gains this month ...
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How to Send A Lightning Transaction (Even If You May Not Want To)

How to Send A Lightning Transaction (Even If You May Not Want To)

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Please share if you find this article interesting. How to Send A Lightning Transaction (Even If You May Not Want To) It's like the early days of bitcoin all over again. Comprised of invite-only chat channels, alien terminology and warning signs at every turn, the nascent ecosystem springing up around Lightning Network, the scaling technology that could end up having the greatest impact yet on bitcoin's capacity, is to date, hopelessly difficult to operate. "Going to be blunt," one developer wrote, "if you don't know how to compile something, you probably will have a lot more struggles and a lot less coins." Simply put, Lightning in its current state is dangerous to interact with today. But given the network's big promises – instant transactions and fees that are next to nothing –
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‘V’ Recovery? ETC Posts Big Gains In Sideways Market

‘V’ Recovery? ETC Posts Big Gains In Sideways Market

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Please share if you find this article interesting. 'V' Recovery? ETC Posts Big Gains In Sideways Market The price of ETC, the native currency of the ethereum classic blockchain, is reporting double-digit gains Tuesday, a move that effectively recovers losses seen over the last two weeks. As of writing, ETC is changing hands at $31.70 on Bitfinex, having clocked a two-week high of $32.90 earlier in the day's trading session. The cryptocurrency has appreciated by 20 percent in the last 24 hours, as per data source CoinMarketCap. Stepping back, the move effectively means ETC has come full circle, returning back to a level last seen at January's end. The broad-based sell-off in the crypto markets that began on Jan. 30 saw ETC drop 57 percent to $14.00 (Feb. 6 low), and in this contex...