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Watch Out Crypto Exchanges, Decentralization Is Coming

Watch Out Crypto Exchanges, Decentralization Is Coming

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Watch Out Crypto Exchanges, Decentralization Is Coming Tom Goldenberg is a senior engineer at BCG Platinion | MAYA Design and founder of Blockchain Panel NYC. The views expressed here are his own. Cryptocurrency exchanges operate in a fluctuating industry that is bracing for change.With changes in regulation and customer sentiment rapidly shifting, it is anybody's guess what will happen in the next two to five years.Notably, a few big players – both centralized and custodial in nature – handle the bulk of trading volume for the $381 billion-worth of the world's crypto assets. Source: Coinhills.com In general, we can classify exchanges into three groups: Custodial exchanges Non-custodial exchanges Decentralized exchanges (DEXs) Of
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Going Up? Bitcoin Price Sets Sights on New Resistance

Going Up? Bitcoin Price Sets Sights on New Resistance

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Please share if you find this article interesting. Going Up? Bitcoin Price Sets Sights on New Resistance Bitcoin (BTC) is working its way through the key supply zone above $7,500 and could test resistance at $7,870 in the next 24 hours, the technical charts indicate. The cryptocurrency looked primed for a corrective rally yesterday, having created a bullish outside-day candle on Tuesday. However, the bulls had a tough time absorbing supply around 50-candle moving average (MA) on the 4-hour chart, located yesterday at $7,550. The repeated failure to beat the moving average hurdle ended in a downside break of the diamond pattern. The subsequent sell-off ran out of steam at $7,270, and led to a convincing move above the 50-candle MA, seen today at $7,441. As of writing, BTC is chang
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Stock Trading App Removes Crypto Price Tracking After Debut

Stock Trading App Removes Crypto Price Tracking After Debut

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Please share if you find this article interesting. Stock Trading App Removes Crypto Price Tracking After Debut A popular Chinese mobile stock trading app appears to have removed its cryptocurrency price tracking feature just two weeks after the new service went live – possibly due to regulatory rumblings in the country. Reports first emerged on May 17 that the app – called Tong Huashun (or "Straight Flush" in literal translation) – had added the crypto-asset price tracking feature in its iOS version. The service offered a real-time price index for major cryptocurrencies by market capitalization, such as bitcoin, bitcoin cash, ethereum, XRP and litecoin, though did not provide in-app crypto trading. According to the company's 2017 financial statement filed with the Shenzhen Stock
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EOS Cryptocurrency Lacks Price Direction Ahead of Launch

EOS Cryptocurrency Lacks Price Direction Ahead of Launch

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Please share if you find this article interesting. EOS Cryptocurrency Lacks Price Direction Ahead of Launch EOS' move from the ethereum blockchain to its own mainnet is just a couple of days away, yet its native cryptocurrency is looking indecisive on the price charts. The cryptocurrency had rallied nearly 500 percent over the six-weeks to April 29 as the news of the mainnet launch revved up investor excitement. The broad-based rally across the wider cryptocurrency markets in April only added to the bullish sentiment. Since May 24, however, EOS has been restricted to a narrow trading range of $10–$13, according to Bitfinex data. The fizzling out of investor enthusiasm may be linked to the identification of security flaws in the EOS platform. On Tuesday, Qihoo 360, a China-based i
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‘Layer 2’ Blockchain Tech Is an Even Bigger Deal Than You Think

‘Layer 2’ Blockchain Tech Is an Even Bigger Deal Than You Think

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Please share if you find this article interesting. 'Layer 2' Blockchain Tech Is an Even Bigger Deal Than You Think Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Welcome to the "Layer 2" era. We are now entering an exciting new phase of blockchain development in which the lightning network and other programming solutions that operate "on top" of existing blockchains promise big strides in scalability, interoperability and functionality. There is still much work to be done. The early tech is buggy, and new security and trust solutions must be fi
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$7,560: Bitcoin Bulls Fight Back, But Too Early to Call Reversal

$7,560: Bitcoin Bulls Fight Back, But Too Early to Call Reversal

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Please share if you find this article interesting. $7,560: Bitcoin Bulls Fight Back, But Too Early to Call Reversal Bitcoin's (BTC) bulls have staged a defense after nearly a month of losses, but a short-term bullish trend reversal is not yet confirmed, the technical charts indicate. As of writing, the cryptocurrency is up 5 percent at $7,487 on Bitfinex, having clocked a four-day high of $7,560 earlier today. A minor corrective rally had been expected, courtesy of a bullish price-relative strength index divergence in the short duration charts seen over the last two days. Further, the resulting bullish outside-day candle engulfed the price action seen on Monday and Tuesday, and has neutralized the immediate bearish outlook. Daily chart As the name suggests, the bullish outside-...
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6 Outrageous Moments In Crypto Twitter Scam History

6 Outrageous Moments In Crypto Twitter Scam History

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 6 Outrageous Moments In Crypto Twitter Scam History Scammers are a nuisance. Perhaps nowhere else within the cryptocurrency space have scammers become more frustrating than on crypto Twitter. The social media site has been overtaken with accounts impersonating notable figures and businesses promising tens of thousands of bitcoin or ether or XRP, in return for users merely sending a small amount of a cryptocurrency to their accounts in return. While it might seem intuitive that these giveaways are suspect, the fraudsters are playing to people's FOMO (fear of missing out), but also the language and cultural barriers that exist within the diverse, global community. Indeed, crypto aficionados of all kinds – not just the most prominen
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Bitcoin Price Faces Last Major Support Level Before $5K

Bitcoin Price Faces Last Major Support Level Before $5K

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Please share if you find this article interesting. Bitcoin Price Faces Last Major Support Level Before $5K Bitcoin (BTC) risks falling to the key support level of $6,900, having failed to capitalize on signs of weakening bearish momentum yesterday. The cryptocurrency's technical charts saw a doji candle on Sunday, signaling short-term bearish exhaustion. However, a corrective rally remained elusive as bitcoin ran into offers above $7,400 and closed (as per UTC) at $7,143 – the lowest daily close since April 12, according to Bitfinex. Prices continued to drop today, with bitcoin hitting a 7-week low of $7,040 this morning. At time of writing, the price was at $7,130. The losses signal a continuation of the sell-off from the recent high of $9,990 and indicate scope for a drop to $6
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Bitcoin Now Faces Last Major Support Level Before $5K

Bitcoin Now Faces Last Major Support Level Before $5K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Now Faces Last Major Support Level Before $5K Bitcoin (BTC) risks falling to the key support level of $6,900, having failed to capitalize on signs of weakening bearish momentum yesterday. The cryptocurrency's technical charts saw a doji candle on Sunday, signaling short-term bearish exhaustion. However, a corrective rally remained elusive as bitcoin ran into offers above $7,400 and closed (as per UTC) at $7,143 – the lowest daily close since April 12, according to Bitfinex. Prices continued to drop today, with bitcoin hitting a 7-week low of $7,040 this morning. At time of writing, the price was at $7,130. The losses signal a continuation of the sell-off from the recent high of $9,990 and indicate scope for a drop to $6,9
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Baidu’s ‘Wikipedia’ Now Logs Revisions on a Blockchain

Baidu’s ‘Wikipedia’ Now Logs Revisions on a Blockchain

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Baidu's 'Wikipedia' Now Logs Revisions on a Blockchain Baidu Baike, the Chinese search giant's equivalent to Wikipedia, is now using blockchain technology to record entries' revision histories in a move aimed to bring transparency and traceability to the online service. Although Baidu has not publicly announced the integration, searches in the encyclopedia service are already showing that every item's previous revisions are now recorded on a blockchain with a specific hash value. In a WeChat conversation, a representative from Baidu told CoinDesk that the blockchain feature was first made visible to the public on Monday, although the hashing may have started last week, based on the timestamp of some of the earliest revisions. S