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Back at $1: Ripple’s XRP Retreats Amid Market Sell-off

Back at $1: Ripple’s XRP Retreats Amid Market Sell-off

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Please share if you find this article interesting. Back at $1: Ripple's XRP Retreats Amid Market Sell-off Ripple's XRP token is taking a beating amid a broad losses across the cryptocurrency markets. The price of XRP fell to a two-week low of $0.99 today, according to CoinDesk's Ripple Price Index. The XRP/USD exchange has depreciated by 11.86 percent in the last two hours, indicates CoinMarketCap. As of writing, the world's third-largest cryptocurrency by market capitalization is changing hands at $1.01. XRP was last seen this low on Jan. 17 when prices fell to $0.85. The recovery that ensued then ran out of steam in the $1.72 neighborhood on Jan. 18. Since then, XRP has been steadily losing altitude, creating lower highs (bearish prices) on the price chart despite big financial...
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Bitcoin Sinks Below $10k After $133 Billion January Loss

Bitcoin Sinks Below $10k After $133 Billion January Loss

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Please share if you find this article interesting. Bitcoin Sinks Below $10k After $133 Billion January Loss Bitcoin price has dropped to the lowest level since for two weeks and could drop below $9,000 in the next 24 hours, price charts indicate. The downward move follows a month for bitcoin when its market capitalization has tumbled from a high of $296 billion on Jan. 5 to $163 billion today – a $133 billion (44.93 percent) loss. Having failed to hold above the $10,000 mark for the third time in last 48 hours, prices on CoinDesk's Bitcoin Price Index (BPI) dropped to $9,480. The BPI was last seen this low on Jan. 17, when prices fell to $9,199.59. On a 24-hour basis, bitcoin (BTC) is down 6.16 percent, according to data source CoinMarketCap. Further, the price action in the last
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Bull Breakout? LSK Jumps 60 Percent on Exchange Listing

Bull Breakout? LSK Jumps 60 Percent on Exchange Listing

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Please share if you find this article interesting. Bull Breakout? LSK Jumps 60 Percent on Exchange Listing The price of Lisk's native token LSK is flirting with a bullish breakout following a new exchange listing. Price charts indicate LSK ran into bids at $21.63 at 05:34 UTC today before ultimately jumping more than 60 percent to $35.26 in the next 30 minutes. So far, it's a development the investor community is associating with its listing on the Japan-based exchange bitFlyer, one that holds water as it's one of the largest domestic exchanges in terms of trading volume. However, bitFlyer encountered technical difficulties immediately after the new listing. This seems to have weighed over LSK prices. As of writing, LSK is changing hands at $26.27, meaning the cryptocurrency has
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Davos Elites Still Don’t Get Blockchain

Davos Elites Still Don’t Get Blockchain

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Please share if you find this article interesting. Davos Elites Still Don't Get Blockchain Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative.  Every year at the World Economic Forum, a handful of timely, hot-button issues overshadow the myriad other topics consuming the chatter of the attending businessmen, government officials, development professionals, celebrities, journalists and multiple other breeds of wannabe "Davos men." This year, as with last, a guy called Trump was on everyone's mind. But that was hardly unexpected. What was truly remarkable, at least for anyone who has been interested in blockchain technology since its relative obscurity only a few years ago, was the degree to w
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Bitcoin Back Above $10K But Gains Could Be Short-Lived

Bitcoin Back Above $10K But Gains Could Be Short-Lived

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Please share if you find this article interesting. Bitcoin Back Above $10K But Gains Could Be Short-Lived Bitcoin is back above $10,000, but the gains could be short-lived, the price charts indicate. Having breached key support yesterday, prices on CoinDesk's Bitcoin Price Index (BPI) fell to a two-week low of $9,627.89 at 01:14 UTC today. In the last few hours, bitcoin (BTC) has managed to regain some poise and moved back above $10,000. At time of writing, bitcoin was around the $10,300 mark. The 15 percent drop from the weekend high of $11,942.25 signals a continuation of the series of lower highs on the price chart, suggesting the bears remain in control. That said, the quick rebound from $9,627.89 to $10,000 adds credence to the argument that the cryptocurrency could be formi...
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NEM Faces Bear Market as 3-Day Slide Continues

NEM Faces Bear Market as 3-Day Slide Continues

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Please share if you find this article interesting. NEM Faces Bear Market as 3-Day Slide Continues Down for the third consecutive day, NEM's native token XEM is close to seeing a revival of the bear market, the technical charts indicate. XEM prices reached an all-time high of at $2.09 on Jan. 4, before falling to $0.72 on Jan. 17, according to CoinMarketCap data. The recovery that ensued ran out of steam at the Jan. 21 high of $1.22. Prices then hit a low of around $0.78 on Jan. 26 seemingly due to reports that 500 million XEM tokens, worth roughly $420 million at the time, had been stolen from Japanese exchange Coincheck. While it was perhaps to be expected that XEM might continue the decline, the token turned higher and ran into offers on Jan. 27 at $1.08. It has since been in a...
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$10K Exposed? Bitcoin Bulls Fail to Defend Price Floor

$10K Exposed? Bitcoin Bulls Fail to Defend Price Floor

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Please share if you find this article interesting. $10K Exposed? Bitcoin Bulls Fail to Defend Price Floor Bitcoin is looking down after the bulls failed to defend a key level in the early Asian hours, price chart analysis suggests. Prices on CoinDesk's Bitcoin Price Index (BPI) fell below $11,000 at 01:44 UTC today and hit an intraday low of $10,805 at 03:29 UTC.  The recovery seen in the next few hours ran into offers at $11,063.80, pushing bitcoin (BTC) back to near the intraday lows. The BPI was last seen at $10,840 levels. The world's largest cryptocurrency by market capitalization has depreciated by 3.47 percent in the last 24 hours, according to data source OnChinaFX. On Coinbase's GDAX exchange, BTC was last seen changing hands at $10,822. So, week-on-week, the cryptocurre
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Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch

Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch

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Please share if you find this article interesting. Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch Bitfury isn't waiting for law enforcement to clean up the bitcoin space. After years of working with government agencies leery of bitcoin's seedy past, the blockchain services firm best known for its bitcoin transaction processing business has decided to take matters into its own hands. Launched today, a number of tools collectively identified as Crystal are intended to make it easy for users to identify and investigate criminal activity on the world's largest blockchain. But that's not to say that the end goal of Crystal is philanthropic. Developed over a two-year period with feedback from former senior-level government officials, the platform was ultimately crea...
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Ethereum Is Quietly Closing In on Record Price Highs

Ethereum Is Quietly Closing In on Record Price Highs

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Please share if you find this article interesting. Ethereum Is Quietly Closing In on Record Price Highs Ethereum's ether token could revisit record highs very soon, courtesy of last week's bullish price action, the price charts suggest. The cryptocurrency, which was notably given a higher rating than bitcoin and Ripple's XRP last week by Florida-based Weiss Ratings, is up 18 percent week-on-week, says data source OnChainFX. As of writing, ether (ETH) is changing hands at $1,211. Having bottomed out at $905 last Tuesday, the price of ETH rose to a 12-day high of $1,224 on Coinbase's GDAX exchange – a rebound that left a higher low (bullish set up) on the price chart. Furthermore, previous day's 12 percent rise (UTC) was backed by a 78 percent jump in trading volumes, shows CoinMar
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Bitcoin Price Looking Heavy As News Turns Negative

Bitcoin Price Looking Heavy As News Turns Negative

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Please share if you find this article interesting. Bitcoin Price Looking Heavy As News Turns Negative Bitcoin's possible upside appears capped by a recent run of negative news. Following a hack against the exchange Coincheck last week, CoinDesk's Bitcoin Price Index (BPI) turned lower from $11,942 (Sunday high), ultimately hitting a low of $11,110 at 09:59 UTC Monday. Still, what may be more notable is not the recent price (which continues its sideways 2018 trajectory), but the changing narrative for potential buyers. Though the Coincheck news did not impact bitcoin directly (no bitcoin was stolen), it does appear to have marked a change in a mainstream news narrative that has breathlessly provided tailwinds for the market since late last year. For example, the 6.9 percent drop f