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Bitcoin Brushes $11K as Bull Case Strengthens

Bitcoin Brushes $11K as Bull Case Strengthens

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Brushes $11K as Bull Case Strengthens Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the month, but could still enter March on a positive note. CoinDesk's Bitcoin Price Index (BPI) clocked a seven-day high of $11,044 at 06:30 UTC and was last seen around $10,610. Due to the retreat from the intra-day high, the cryptocurrency is now trading largely unchanged on a 24-hour basis, according to data source CoinMarketCap. With BTC closing last month at $10,221, the cryptocurrency is on track to close the current month with only marginal gains, unless the bulls make progress. In context, though, the performance is impressive if we take into account the fact that bitcoin had dropped to three...
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Bill Gates’ ‘Nonsense’ Crypto Comments Draw Twitter Ire

Bill Gates’ ‘Nonsense’ Crypto Comments Draw Twitter Ire

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bill Gates' 'Nonsense' Crypto Comments Draw Twitter Ire Microsoft co-founder Bill Gates took aim at cryptocurrencies during a Reddit "Ask Me Anything" session Tuesday - much to the ire of some social-media commentators. Responding to a question about cryptocurrencies, the world's second-richest man said the ability of governments to track money laundering or terrorist funds "is a good thing." Gates continued, saying: "Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long." Naturally, the crypto world was not impressed by this answer. React...
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The Telegram ICO: What We Know (And Don’t) About 2018’s Biggest Token Sale

The Telegram ICO: What We Know (And Don’t) About 2018’s Biggest Token Sale

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Please share if you find this article interesting. The Telegram ICO: What We Know (And Don't) About 2018's Biggest Token Sale An outsider continues to steal the crypto spotlight. So far in 2018, Telegram's rumored initial coin offering (ICO) has been the talk of the industry - a remarkable feat given the global messaging platform's executives have yet to utter those three letters together or confirm the company is, in fact, raising money via a sale of tokens called "grams." Yet, the story's popularity stems not only from Telegram's tight-lipped CEO Pavel Durov, but also from the billions of dollars his team reportedly plans to raise through the sale. Despite the company's efforts and strict non-disclosure agreements, which are keeping most news about the largest crowdsale in hist...
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Bitcoin Cash Gains on 38% Rise in Trading Volume

Bitcoin Cash Gains on 38% Rise in Trading Volume

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Please share if you find this article interesting. Bitcoin Cash Gains on 38% Rise in Trading Volume Bitcoin cash is on the rise amid rising volumes, but is still within a bearish falling-channel pattern for now, the price charts indicate. As of writing, the world's fourth-largest cryptocurrency by market capitalization is changing hands at $1,281, having appreciated by over 8 percent in the last 24 hours, as per CoinMarketCap data. With trading volumes up by 38 percent, the recovery from the Sunday's low of $1,143 looks sustainable. However, BCH is still down 22 percent from its Feb. 18 high of $1,641, and it's too early to say whether the cryptocurrency has resumed the uptrend from the Feb. 6 low of $764. Price chart analysis also indicates BCH is stuck in a bearish falling-chan...
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Bull Return? Bitcoin Eyes $11K After Upside Break

Bull Return? Bitcoin Eyes $11K After Upside Break

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bull Return? Bitcoin Eyes $11K After Upside Break As bullish indicators strengthen, bitcoin now looks set to extend gains to $11,000 or higher, chart analysis indicates. Having defended $9,300 over the weekend amid low volumes, the cryptocurrency picked up bids and rose to a high of $10,443 yesterday, according to CoinDesk's Bitcoin Price Index (BPI). The uptick was backed by a 28 percent rise in trading volumes, as per CoinMarketCap. A high volume break above key psychological resistance indicates strong hands are at play, so it's not surprising that the price is on the up. As of writing, bitcoin (BTC) is trading at $10,707, having clocked a session high of $10,714.47 earlier today. Activity in the individual markets reveals tha
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Bitcoin Cash Rallies on 38% Rise in Trading Volume

Bitcoin Cash Rallies on 38% Rise in Trading Volume

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Cash Rallies on 38% Rise in Trading Volume Bitcoin cash is on the rise amid rising volumes, but is still within a bearish falling-channel pattern for now, the price charts indicate. As of writing, the world's fourth-largest cryptocurrency by market capitalization is changing hands at $1,281, having appreciated by over 8 percent in the last 24 hours, as per CoinMarketCap data. With trading volumes up by 38 percent, the recovery from the Sunday's low of $1,143 looks sustainable. However, BCH is still down 22 percent from its Feb. 18 high of $1,641, and it's too early to say whether the cryptocurrency has resumed the uptrend from the Feb. 6 low of $764. Price chart analysis also indicates BCH is stuck in a bearish falling-ch...
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Bull Return? Bitcoin Eyes $11K Following Upside Break

Bull Return? Bitcoin Eyes $11K Following Upside Break

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bull Return? Bitcoin Eyes $11K Following Upside Break As bullish indicators strengthen, bitcoin now looks set to extend gains to $11,000 or higher, chart analysis indicates. Having defended $9,300 over the weekend amid low volumes, the cryptocurrency picked up bids and rose to a high of $10,443 yesterday, according to CoinDesk's Bitcoin Price Index (BPI). The uptick was backed by a 28 percent rise in trading volumes, as per CoinMarketCap. A high volume break above key psychological resistance indicates strong hands are at play, so it's not surprising that the price is on the up. As of writing, bitcoin (BTC) is trading at $10,707, having clocked a session high of $10,714.47 earlier today. Activity in the individual markets reveals
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Litecoin Price Outperforms But Nears Key Resistance

Litecoin Price Outperforms But Nears Key Resistance

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Please share if you find this article interesting. Litecoin Price Outperforms But Nears Key Resistance Litecoin (LTC) is the biggest gainer among the top 10 cryptocurrencies Monday, even as it's inching closer to a key resistance level. As of writing, LTC is changing hands at $228, as per data source CoinMarketCap. The world's fifth largest cryptocurrency has appreciated by 6.83 percent in the last 24 hours, a feat that's notable given other crypto market leaders were hardly ticking up earlier in the day. A look at the individual markets reveals the trading volume in LTC/USDT (the litecoin-tether exchange rate) and LTC/BTC (the litecoin - bitcoin exchange rate) have increased by 12.9 percent and 11.9 percent, respectively. So, it could be said that investors are using alternative...
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Bitcoin Eyes $10K, But Longer Outlook Favors Bears

Bitcoin Eyes $10K, But Longer Outlook Favors Bears

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Eyes $10K, But Longer Outlook Favors Bears Bitcoin seems to have found acceptance below the psychological mark of $10,000 over the weekend, amid increasingly bearish long-term indicators. After closing below $10,000 on Feb. 22, bitcoin (BTC) hit an 11-day low of $9,304.68 yesterday, as per CoinDesk's Bitcoin Price Index (BPI). As of writing, the BPI has seen gains and is at $9,666. The cryptocurrency is down close to 20 percent from the Feb. 20 high of $11,768.58, suggesting the rally from the Feb. 6 lows below $6,000 has stalled. However, trading volumes have dropped 42 percent from the highs seen on Feb. 20, as per CoinMarketCap, indicating supply is drying up. Hence, the drop from $11,767.58 to $9,400 appears to lack s...
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Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins

Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins

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Please share if you find this article interesting. Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins When one imagines a networking event for a professional conference, the most well-known and over-the-top strip club in Miami probably isn't the venue that comes to mind. Yet that's exactly where The North American Bitcoin Conference decided to host it. "Join us at E11even for some networking and R&R. Or dancing," the description read. There was a lot of dancing. Not your nerdy friend's crypto Over the course of 2017, cryptocurrency experienced an unprecedented explosion. After years of quietly languishing below $1,000, the price of a bitcoin began to increase rapidly and public attention along with it. But it wasn't alone. At the same time, bitcoin's so-called dominance ind...