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Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike

Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike The cryptocurrency markets are flashing red as the third week of May comes to close. The total market capitalization of cryptocurrencies has dropped by 14.48 percent to $366 billion in the last 7 days, taking the month-to-date losses close to 30 percent, according to CoinMarketcap. Further, the probability that the cryptocurrency market will regain poise next week looks low, given that the bear grip around bitcoin seems to have strengthened, according to technical charts. The world's largest cryptocurrency by market value fell below one-month lows under $8,000 today, showing losses of 3.6 percent on a weekly basis. Other larger cryptocurrencies like bitcoin cash (BCH)
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Bitcoin Hits One-Month Low As $10K Sell-Off Resumes

Bitcoin Hits One-Month Low As $10K Sell-Off Resumes

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Please share if you find this article interesting. Bitcoin Hits One-Month Low As $10K Sell-Off Resumes Bitcoin's (BTC) drop to one-month lows below $8,000 has strengthened the bear grip on the markets, the technical charts indicate. The cryptocurrency fell to $7,925 on Bitfinex earlier today - the lowest level since April 18 and has retraced 50 percent of the rally from the April 1 low of $6,425 to May 5 high of $9,990. As of writing, BTC is changing hands at $8,120, representing a 2 percent drop in the last 24 hours. The recovery from the low of $7,925 could be associated with the oversold conditions shown by the relative strength index (RSI) in the hourly chart. However, the gains will likely be short-lived as the odds are stacked against the bulls, according to technical chart...
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The SEC Just Launched a Fake ICO Website to Educate Investors

The SEC Just Launched a Fake ICO Website to Educate Investors

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Please share if you find this article interesting. The SEC Just Launched a Fake ICO Website to Educate Investors The U.S. Securities and Exchange Commission wants to ensure investors can identify fraudulent initial coin offerings - even if it has to launch its own to do so. The regulator announced Wednesday it has launched a mock ICO called HoweyCoin, presumably named after the Howey Test, which "touts an all too good to be true investment opportunity." However, the company notes, "the offer isn't real." Users who try to invest in the token sale will instead be redirected to the regulator's education tools, which are aimed at pointing out the signs of fraudulent token sales. According to the HoweyCoin website, most travel businesses "require processing, centralized currency, ...
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Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low

Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low

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Please share if you find this article interesting. Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low Bitcoin's (BTC) bears have unraveled the minor rally in prices since Saturday and are now looking to pull the cryptocurrency below the $8,000 mark, the technical charts indicate. The bears' comeback comes after bitcoin saw minor gains after the May 12 low of $8,204, but the bulls repeatedly failed to cut through the key falling trendline hurdle. As a result, bitcoin fell to a 3.5-week low of $8,100 on Bitfinex earlier today. As of writing, BTC is changing hands at $8,366 - down 4.7 percent in 24 hours. Daily chart The above chart shows that bitcoin has dipped below the 50-day moving average (MA), currently located at $8,290. As discussed yesterday, a close (as per
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Deloitte: 3 out of 4 Big Companies See ‘Compelling’ Case for Blockchain

Deloitte: 3 out of 4 Big Companies See ‘Compelling’ Case for Blockchain

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Please share if you find this article interesting. Deloitte: 3 out of 4 Big Companies See 'Compelling' Case for Blockchain According to a Deloitte survey presented Tuesday at CoinDesk's Consensus event in New York City, 74 percent of large companies across seven countries see a "compelling business case" for blockchain technology. Deloitte - the multinational "Big Four" firm that provides tax, auditing and consulting services - conducted the survey in late March and early April. The approximately 1,000 respondents represented companies with annual sales of at least $500 million in the U.S., China, Mexico, the U.K., France, Germany and Canada. The firms represented a range of industries: financial services was the biggest group at 23 percent, followed by technology, media and tele...
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Bitcoin Price Eyes Breakout As Trading Range Tightens

Bitcoin Price Eyes Breakout As Trading Range Tightens

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Please share if you find this article interesting. Bitcoin Price Eyes Breakout As Trading Range Tightens Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837. The sell-off from the May 5 high of $9,990 came to halt around the 50-day MA on Saturday. Further, the 50-day MA also acted as strong support on Monday. Meanwhile, on both occasions, the rebound from the 50-day MA ran out of steam around the...
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Bitcoin Risks Drop Toward $8K After 3-Week Low

Bitcoin Risks Drop Toward $8K After 3-Week Low

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Please share if you find this article interesting. Bitcoin Risks Drop Toward $8K After 3-Week Low Bitcoin (BTC) is on the back foot having hit three-week lows over the weekend and now risks deeper losses below $8,200, the technical charts indicate. The cryptocurrency fell to $8,204 on Bitfinex on Saturday - the lowest level since April 19 - and was last seen changing hands at $8,365, down around 16 percent from the recent high of $9,990. Note, the bears failed to cut through the support at $8,207 (the 50 percent Fibonacci retracement of the rally from the April 1 low to the May 5 high) in a convincing manner on Saturday. However, the ensuing corrective rally was also short-lived: BTC failed to beat the descending 5-day moving average (MA) hurdle, seen yesterday at $8,760 and fell...
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CoinDesk Releases Q1 2018 State of Blockchain Report

CoinDesk Releases Q1 2018 State of Blockchain Report

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Please share if you find this article interesting. CoinDesk Releases Q1 2018 State of Blockchain Report After reaching historic highs in 2017, cryptocurrencies languished across multiple fundamental metrics in this year's first quarter. Unease permeated the industry, mostly from regulatory uncertainty and pull-back after a year of parabolic growth. To shed light on a tumultuous Q1, CoinDesk's latest State of Blockchain report provides a 90-plus slide analysis of some of the most significant data points.  Released Monday, the report covers public blockchains, distributed ledger technology (DLT), consortium chains, initial coin offerings (ICOs), trading and investments, and regulation. It also features the results of our 50-plus question sentiment survey, which provides insight fro
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Moral Food: A Fish’s Trek From ‘Bait to Plate’ on the Ethereum Blockchain

Moral Food: A Fish’s Trek From ‘Bait to Plate’ on the Ethereum Blockchain

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Please share if you find this article interesting. Moral Food: A Fish's Trek From 'Bait to Plate' on the Ethereum Blockchain It's a little bit like "Finding Nemo" - except at the end, you get to eat the fish. During the Ethereal Summit, hosted May 11-12 by ethereum startup/incubator ConsenSys in Queens, New York, attendees were given an immersive experience to highlight the benefits a blockchain could have of tracking goods as they move along the supply chain. While blockchain's use for supply chain management is being tested for a whole host of products by startups and tech heavyweights alike, during the summit, Viant, an ethereum-based supply chain management startup, focused on tuna. The experience started by showing attendees a short documentary film called "Bait to Plate," t...
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Losing the Hoodie: Crypto Fashion Gets Loud and Proud In New York

Losing the Hoodie: Crypto Fashion Gets Loud and Proud In New York

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Please share if you find this article interesting. Losing the Hoodie: Crypto Fashion Gets Loud and Proud In New York "Make blockchain stylish again, that's my motto." So quipped the emcee of the third Ethereal Summit in Queens, NY, during one of the final talks of the two-day event. He'd been asking attendees to ask embarrassing questions they might have about the technology. Joseph Lubin, founder and CEO of event host ConsenSys, had touted the occasion as a way to bring those outside the space into the fold. Artists, musicians, entrepreneurs, enterprise executives and government activists all blended with the usual crowd, and it was obvious. While the reclaimed glass factory where the event took place has its share of of jeans and T-shirts (typically ones with crypto company nam