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Bitcoin Risks Drop Below $9K After 4-Day Low

Bitcoin Risks Drop Below $9K After 4-Day Low

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Please share if you find this article interesting. Bitcoin Risks Drop Below $9K After 4-Day Low Bitcoin dropped to four-day lows below $9,200 on Monday and now looks set to explore levels below the $9,000 mark, the technical charts indicate. Yesterday's downwards move meant the cryptocurrency closed below the 10-day moving average (MA) - signaling short-term bullish invalidation - having failed to beat the key inverse head-and-shoulders neckline resistance over the weekend. As of writing, BTC is trading at $9,357 on Bitfinex - largely unchanged on the day, but down 6.3 percent from the recent high of $9,990. Worryingly for the bulls, the price chart analysis indicates the losses could be extended further over the next 24 hours. 1-hour chart The inverted flag (also known as a ...
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3D Printing Could Be Blockchain’s True Game-Changer

3D Printing Could Be Blockchain’s True Game-Changer

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Please share if you find this article interesting. 3D Printing Could Be Blockchain's True Game-Changer 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. After multiple proofs of concept, pilots and early rollouts, supply chain management is emerging as the killer app for enterprise blockchain technology, the very first to be "going live" - to cite the theme of this year's Consensus conference. But while multiple blockchain projects worldwide are demonstrating how smart contracts, data sharing protocols and cryptographic traceability can unlock t
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Bitcoin Looks for Price Support After Failed $10K Crossover

Bitcoin Looks for Price Support After Failed $10K Crossover

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Please share if you find this article interesting. Bitcoin Looks for Price Support After Failed $10K Crossover Bitcoin's (BTC) pullback in prices over the weekend has dampened the immediate prospects for the bulls, the technical studies indicate. Having witnessed a bullish pennant breakout last Friday, the cryptocurrency looked set to scale the $10,000 mark in a convincing manner over the weekend. However, the bullish move unexpectedly ran out of steam at $9,990 at 13:00 UTC on Saturday, according to Bitfinex, and had retreated to $9,258 earlier today. As of writing, bitcoin is changing hands at $9,400, representing a 2.67 percent drop from the previous day's close of $9,658. While the pullback is not good for the bulls, only a drop below $8,650 would give the bears the upper ha
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Virgin’s Richard Branson Warns on Bitcoin Scam Sites Using His Name

Virgin’s Richard Branson Warns on Bitcoin Scam Sites Using His Name

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Please share if you find this article interesting. Virgin's Richard Branson Warns on Bitcoin Scam Sites Using His Name British business tycoon Richard Branson spoke out Thursday about the rash of bitcoin scam stories that have used his name to lure victims. "I have written several times warning people about the growing problem of fake stories online linking me to get-rich-quick schemes, fake pages, misleading ads, false endorsements and fake binary trading schemes," Branson wrote in a blog post. "While I have often commented on the potential benefits of genuine bitcoin developments," he continued, "I absolutely do not endorse these fake bitcoin stories." Branson is the founder of Virgin Group, whose portfolio of over 400 companies includes the airline Virgin Atlantic. He has prom...
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These Crypto Assets Are Pushing the Market Back Toward $500 Billion

These Crypto Assets Are Pushing the Market Back Toward $500 Billion

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Please share if you find this article interesting. These Crypto Assets Are Pushing the Market Back Toward $500 Billion The cryptocurrency markets continued to build on April's gains this week, with alternative cryptocurrencies (altcoins) leading the way. Notably, the combined market capitalization of all cryptocurrencies rose back above $460 billion today - the highest level since March 6, representing a week-on-week increase of 15.8 percent. Out of top 25 cryptocurrencies by market capitalization, 23 are reporting gains on a weekly basis, and names like nano (NANO), VeChain (VET) and bytecoin (BCN) are topping the list. Bitcoin, the world's largest cryptocurrency by market capitalization, is reporting 8.5 percent appreciation, largely due to Thursday's bull pennant breakout. Me
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Bitcoin Sets Sights Above $10K After Bull Breakout

Bitcoin Sets Sights Above $10K After Bull Breakout

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Please share if you find this article interesting. Bitcoin Sets Sights Above $10K After Bull Breakout Following a bull breakout last night, bitcoin (BTC) looks set to test $10,000 and could possibly move higher over the weekend. Bitcoin closed yesterday (as per UTC) at $9,759 on Bitfinex - the highest daily close since March 7 - signaling the upside break of the week-long narrowing price range we've been anticipating. The cryptocurrency also clocked a two-month high of $9,875 yesterday. At time of writing, BTC is changing hands at $9,776 and remains on the hunt for a big break above the $10,000 mark, as indicated by the bullish setup in the technical charts below. 4-hour chart The chart above shows a pennant breakout (bullish continuation pattern), indicating that the rally f...
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Fraudsters Take Aim at Investors in Controversial KodakCoin ICO

Fraudsters Take Aim at Investors in Controversial KodakCoin ICO

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Please share if you find this article interesting. Fraudsters Take Aim at Investors in Controversial KodakCoin ICO A representative for the company behind the long-in-the-making KODAKCoin initial coin offering (ICO) has accused a Hong Kong-based cryptocurrency exchange of "fraudulent" behavior by claiming that it will host the token sale. According to a page on the Hong Kong-based exchange LBank.io, the platform's ICO section said it is about to open the KODAKCoin token sale on Friday, May 4 at 20:00 Beijing time, or 12:00 UTC, which will end at the same time on May 11. But platform behind the digital rights management-focused coin first unveiled in January says that isn't true. In an email response to CoinDesk's request for comment, a spokesperson for KODAKOne called the inf
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$750: Ether’s Price Hits Highest Level Since Early March

$750: Ether’s Price Hits Highest Level Since Early March

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Please share if you find this article interesting. $750: Ether's Price Hits Highest Level Since Early March The price of ether, the cryptocurrency native to the ethereum blockchain, broke above $750 Thursday, reaching its highest level since March 8, according to CoinDesk data. Ether climbed by over 9 percent in the space of 24 hours, briefly breaking above $752 around 14:05 UTC. The price is roughly $746 at the time of writing, price metrics reveal. May 2-3 ether price chart. Source: CoinDesk. The cryptocurrency is well below its all-time highs of over $1,200, which it reached in January. The prices fell steeply during the following months, in line with a broad decline across nearly all crypto-assets. It bottomed out in early April, however, and has nearly doubled from its l...
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Sell In May and Go Away? Not for Bitcoin Bulls

Sell In May and Go Away? Not for Bitcoin Bulls

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Please share if you find this article interesting. Sell In May and Go Away? Not for Bitcoin Bulls Sell in May and go away? While the month may traditionally give equity bulls cold feet, it should probably not be a cause of worry for the bitcoin market. Indeed, it's true the month of May is often a weak period for equities, and that bitcoin has acted as a risk asset (moving in tandem with equities) since February. As such, cryptocurrency investors may fear that a potential drop in equities could end up dragging bitcoin prices lower. However, historical data suggests that bitcoin is more likely to build upon its April rally this month. Notably, the world's largest cryptocurrency by market capitalization has scored gains in the month of May in five out of the last seven years, accor...
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EOS, TRX, ADA: April’s Crypto Winners Saw Over 100% Gains

EOS, TRX, ADA: April’s Crypto Winners Saw Over 100% Gains

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Please share if you find this article interesting. EOS, TRX, ADA: April's Crypto Winners Saw Over 100% Gains Alternative cryptocurrencies shone brightly in April, as the markets regained poise following a miserable first quarter. In a sign of that recovery, the value of the total crypto market increased by 63 percent to $431 billion, according to CoinMarketCap, and as the final tallies prove, there were gains to be had for savvy traders willing to shoulder the risk. While bitcoin appreciated by 32 percent, the bitcoin dominance rate, which tracks the largest cryptocurrency's share of the total market, fell from 45 percent to 36.9 percent. Still, big-name coins like ethereum (ETH), Ripple (XRP) and litecoin (LTC) more or less flatlined, indicating money was likely rotated out of l