Tuesday, December 11Your Daily Bitcoin & Altcoin News Portal

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Monero Eyes $200 Reversal Target After Hard Fork Delay

Monero Eyes $200 Reversal Target After Hard Fork Delay

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Monero Eyes $200 Reversal Target After Hard Fork Delay The privacy-focused cryptocurrency monero (XMR) has been dumping the last few days on the news developers have postponed a highly anticipated hard fork by six weeks. As of writing, the world's 11th largest cryptocurrency by market capitalization is trading at $258 - down 10 percent in the last 24 hours, according to data source CoinMarketCap. A week ago, XMR was solidly bid around $380, reporting 90 percent gains over lows seen in February as investors seemingly bought with an intention of making free money via the "moneroV" hard fork, originally scheduled for March 15. However, on March 9 the developers announced a delay as requested by users, trading platforms and large min...
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Down But Not Out: Bitcoin Remains on Hunt for $10K

Down But Not Out: Bitcoin Remains on Hunt for $10K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Down But Not Out: Bitcoin Remains on Hunt for $10K Bitcoin (BTC) is reporting losses today, having failed to beat the key moving average resistance on Monday, however, the technical charts continue to favor a rally to $10,000. Bitcoin ran into bids in early European hours yesterday, rising to a four-day high of $9,885, adding credence to Sunday's bullish "outside day" candle. Further, BTC also witnessed a bull flag breakout (a bullish continuation pattern) on the hourly chart. However, the bulls ran out of steam near the 50-day moving average (MA) resistance of $9,920 in the early U.S. hours. As of writing, bitcoin is trading at $9,297, according to CoinDesk's Bitcoin Price Index (BPI). The cryptocurrency has depreciated by 4.59 ...
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Bitcoin Cash Price Enters Recovery Mode After 4-Week Low

Bitcoin Cash Price Enters Recovery Mode After 4-Week Low

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Please share if you find this article interesting. Bitcoin Cash Price Enters Recovery Mode After 4-Week Low Bitcoin cash (BCH) is pushing higher against the greenback and could test the $1,200 mark soon, according to the technical charts. As of writing, the world's fourth-largest cryptocurrency by market capitalization is changing hands at $1,119 - up 3 percent on a 24-hour basis, according to data source CoinMarketCap. Prices had dropped to a four-week low of $938 on Friday, tracking the broader market sell-off. However, over the weekend, BCH moved back above the $1,000 mark, signaling a temporary low is in place at $938. Also, yesterday's 14 percent rise in BCH was backed by a 38 percent jump in trading volumes, as per CoinMarketCap. A high volume recovery only adds credence to...
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Malaysian Central Bank Slams ICO for Misleading Logo

Malaysian Central Bank Slams ICO for Misleading Logo

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Please share if you find this article interesting. Malaysian Central Bank Slams ICO for Misleading Logo A Malaysian initial coin offering (ICO) issuer has been flagged by the country's central bank for stepping outside the rules to promote its token sale. In a cautionary note released on Sunday by Bank Negara Malaysia (BNM), the central bank took aim at a cryptocurrency project named Coinzer, which it says used the BNM logo and the Jata Negara, Malaysia's coat of arms, in its proposed token design, white paper and website. A picture posted by the central bank further shows that, in addition of the logo and coat of arms, the design also incorporated the 14-pointed Star of Malaysia symbol and Malaysia's country code. "BNM would like to state that it does not authorize or endorse ...
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Bitcoin Eyes $10K, But Charts Hint at Bull Trap Potential

Bitcoin Eyes $10K, But Charts Hint at Bull Trap Potential

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Eyes $10K, But Charts Hint at Bull Trap Potential Bitcoin (BTC) is solidly bid on the first trading day of the week, but a move above $10,000 could turn out to be a bull trap, the technical charts indicate. Having hit a 3.5-week low of $8,371 on Friday, bitcoin prices traded in a sideways manner in the range of $8,400 to $9,400 over the weekend, according to CoinDesk's Bitcoin Price Index. As of writing, BTC is seen at $9,885, and is up 13 percent in the last 24 hours, as per CoinMarketCap. Despite the 14 percent recovery from Friday's low of $8,371, it's too early to call a bullish trend reversal, given that BTC is still down at least 18 percent from recent highs above $11,660. Further, the price action over the weekend ...
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Why the ‘Worst’ Crypto Networks Will Be The Biggest

Why the ‘Worst’ Crypto Networks Will Be The Biggest

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Why the 'Worst' Crypto Networks Will Be The Biggest Taylor Pearson is the author of "The End of Jobs" and writes about entrepreneurship and blockchain technologies at TaylorPearson.me. Though crypto networks are often compared to private firms, a better analogy is to compare them to cities. Like a city, a crypto network is a community of loosely affiliated individuals who agree on a set of rules for how they live and work - laws for cities, protocols for crypto networks. Unlike firms, cities and crypto networks are organized from the bottom up rather than the top down. Individual leaders matter more for firms than cities. Who the CEO of a firm is plays a major role in an investment decision, whereas who the mayor of a city is pl...
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Making Sense of Crypto Asset Valuation Insanity

Making Sense of Crypto Asset Valuation Insanity

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Please share if you find this article interesting. Making Sense of Crypto Asset Valuation Insanity Brendan Bernstein is a founding member of Tetras Capital Partners, LLC, an investment manager focused on investing in cryptocurrencies and blockchain assets. Cryptocurrency investors are blind to the most important factor of any investment - valuation. Merely uttering the word "blockchain" has been a hypnotic weapon, sending investors into a trance where they clamor to buy at any price. Tea cup from Get Out: The process of sending blockchain investors into hypnosis. Raiblocks investors in "the sunken place." This isn't the first time growth investors have gone wild. Technological innovation typically turns investors into emotional basket cases. Today, a blockchain protocol with a...
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A Bitcoin Twitter War Is Raging And No Account Is Safe

A Bitcoin Twitter War Is Raging And No Account Is Safe

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Please share if you find this article interesting. A Bitcoin Twitter War Is Raging And No Account Is Safe "Paging @Bitcoin. These tweets don't help anyone." At first glance, the tweet, from investor and entrepreneur Nick Tomaino, might not be distinguishable in the all-out flame war that crypto Twitter - and all crypto social media - has become. But while the situation has long been simmering, Tomaino's tweet comes at what might be a new boiling point, following what was arguably the account's most controversial message in history. The Bitcoin Core (BTC) community relies on internet hate mobs, trolls, sockpuppets, censorship, DDoS attacks, vote manipulation, harassment and character assassinations. The Bitcoin (BCH) community is welcoming, supportive, and appreciates freedom. W...
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First Results of Sierra Leone’s Blockchain Vote Are In

First Results of Sierra Leone’s Blockchain Vote Are In

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Please share if you find this article interesting. First Results of Sierra Leone's Blockchain Vote Are In Blockchain startup Agora has published what appears to be the earliest results for the hotly contested Sierra Leone election, the first presidential vote tracked using the technology. After the voting concluded on Wednesday, as many as 400,000 ballots were manually inputted into Agora's blockchain system by a team of 280 accredited observers working in as many locations. Currently, the exact number of votes for each candidate aren't being revealed to the public, just the percentages. But Agora, a Switzerland-based foundation, said it plans to make the results auditable in a public format in the coming days. While this is a milestone for distributed ledger technology, the mess...
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Bitcoin Drops 20% But Wasn’t Week’s Big Crypto Price Loser

Bitcoin Drops 20% But Wasn’t Week’s Big Crypto Price Loser

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Drops 20% But Wasn't Week's Big Crypto Price Loser If February was bad for the crypto market, March hasn't fared better. Bitcoin's (BTC) repeated failure to beat inverse head-and-shoulders neckline resistance saw bears come in full force, pushing prices to a one-month low of $8,371 Friday. As of writing, the world's largest cryptocurrency by market capitalization is trading at $8,970, according to CoinDesk's Bitcoin Price Index (BPI). But the 28 percent drop from BTC's March 5 high of $11,660 had broader implications, pushing the market capitalization below $350 billion for the first time since Feb. 14. The sell-off in BTC seems to have roiled broader markets, a trend evident by the fact the top 25 cryptos by total value