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Plz No Cat: The Future of Crypto Disputes Is Being Decided By Doges

Plz No Cat: The Future of Crypto Disputes Is Being Decided By Doges

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Plz No Cat: The Future of Crypto Disputes Is Being Decided By Doges Could you sneak a cat past the doges? That's the idea behind a new game launched by Kleros, an ethereum-based startup that raised $2.5 million in the first round of its crypto token sale in July. Called "Doges on Trial," the game is designed around the principle of crypto-economics: the theory that a properly designed system of incentives based on cryptocurrency tokens will yield the desired user behavior. In this case, Kleros wants to incentivize people using the platform to curate a list of images ... of doges. For the uninitiated, "doge" is a meme of an apprehensive-looking Shiba Inu. It's captivated the internet, giving birth to a particular method of manglin
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$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

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Please share if you find this article interesting. $6.6K: Bitcoin Price Eyes New Target for Bull Reversal Bitcoin is showing signs of life, but only a break above a key resistance at $6,675 would confirm bullish reversal, technical charts indicate. At press time, the leading cryptocurrency is changing hands at $6,470 on Bitfinex – up 10 percent from the 6.5-week low of $5,859 hit on Aug. 14. BTC had dropped to a 6.5-week low of $5,859 on Tuesday, but the break below the key support of $6,000 (February low) was short-lived as prices moved back above $6,100 by UTC close, signaling bearish exhaustion. More importantly, the follow-through has been positive: BTC crossed Tuesday's high of $6,259 and jumped to $6,649 yesterday, confirming the sellers have likely run dry and the bargain
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Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

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Please share if you find this article interesting. Crypto Bulls Fighting Back? Market Sees Green After Sell-Off The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time, bitcoin, the world's biggest cryptocurrency by market capitalization, is trading hands at an average of $6,349 – a considerable improvement from yesterday, when the price hit a low of $5,921.65, according to the CoinDesk Bitcoin Price Index (BPI). Bitcoin hit a high of $6,612.73 during Wednesday's session, BPI data shows. A turnaround for
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Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

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Please share if you find this article interesting. Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving Bitcoin looks to have fought off a recent bear market breakdown that saw prices landing just above the yearly low of $5,755. Bitcoin dropped to $5,858 yesterday at 02:00 UTC, just $103 shy of this year's bottom, according to Bitfinex data. The suffering has been even worse for much of the altcoin market, some of which have been bleeding out to new yearly lows and seeing drops between 2–15 percent. Major cryptocurrencies such as ether and XRP dropped by 2.95 and 9.6 percent respectively, before the world's largest cryptocurrency by market capitalization took an about-turn, stabilizing prices and reversing some of the damage from yesterday's chaos. At time of wr
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Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

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Please share if you find this article interesting. Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say Down two-thirds from its peak of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate a key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below $6,000 (February low) and extended the slide to $5,859 earlier today – the lowest level since June 29 – according to Bitfinex data. As of writing, BTC is changing hands at $6,032 – down 6 percent in the last 24 hours. Despite sharp losses, bitcoin is the fourth best-performing cryptocurrency among the top 100 cryptocurrencies by market capitalization, accordin
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A New Way to Compare Bitcoin Cash to Bitcoin

A New Way to Compare Bitcoin Cash to Bitcoin

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Please share if you find this article interesting. A New Way to Compare Bitcoin Cash to Bitcoin Peter Ryan is a research analyst at CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In Robert Heinlein's novel "Stranger in a Strange Land," the character Jubal Harshaw asks one of his secretaries to identify the color of a house in the distance. She replies, "it's white on this side." In other words, if you see something only from a certain angle, you can't be confident you have the full picture. This goes for cryptocurrencies as well as for physical objects. While it would be disingenuous to claim the price of a coin doesn't matter, it's only one of several ways to measure the
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Bitcoin’s Price Falls Below $6K to Near 2018 Low

Bitcoin’s Price Falls Below $6K to Near 2018 Low

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Please share if you find this article interesting. Bitcoin's Price Falls Below $6K to Near 2018 Low The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low.  At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24. Bitcoin is not alone in the sinking ship, however, as the broader market continues to suffer. At press time, the total market capitalization of all cryptocurrencies is below $200 billion, its lowest figure yet seen in 2018. What's more, many of the other big name cryptocurrencies already set their lowest prices of the year this past week. Ether (ETH), the cr
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Below $200 Billion: Crypto Market Sinks to New 2018 Low

Below $200 Billion: Crypto Market Sinks to New 2018 Low

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Please share if you find this article interesting. Below $200 Billion: Crypto Market Sinks to New 2018 Low Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time by the listing of bitcoin futures products. Leading the downward push is zilliqa, which has seen the value of its ZIL cryptocurrency fall by 35 percent in the past 24 hours. The decline is accompanied by continued growth in the so-called bitcoin dominance rate, or the percentage of the total market cap that is contributed by the world's...
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XRP Cryptocurrency Now Down 90% From 2018 Price High

XRP Cryptocurrency Now Down 90% From 2018 Price High

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Please share if you find this article interesting. XRP Cryptocurrency Now Down 90% From 2018 Price High XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday's close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since the day's open. At press time, XRP is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 36 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $5.4 billion within that period. Ripple has now effective
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Below $300: Ether Price Hits New Low for 2018

Below $300: Ether Price Hits New Low for 2018

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Please share if you find this article interesting. Below $300: Ether Price Hits New Low for 2018 Ether, the world's second-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Monday. At 16:50 UTC during Monday's trading session, the cryptocurrency fell below $300 dollars for the first time since November 12, 2017, according to CoinDesk's Ethereum Price Index (EPI).  ETH was last seen trading at an average price of $289.16, marking a roughly 9.6 percent decline since the day's open. At press time, ETH is the biggest loser among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 28.33 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $10 billion within that