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Bitcoin Price Eyes Breakout As Trading Range Tightens

Bitcoin Price Eyes Breakout As Trading Range Tightens

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
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

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
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

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
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
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Most Big Cryptos Dropped this Week – These Two Bucked the Trend

Most Big Cryptos Dropped this Week – These Two Bucked the Trend

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Most Big Cryptos Dropped this Week - These Two Bucked the Trend The cryptocurrency markets are set to end the second week of May on a low note. The total market capitalization for all cryptocurrencies fell below $400 billion for the first time since April 26 on Friday, and has dropped 15.97 percent week-on-week. As of writing, the combined market value stands at $385 billion and could see a further decline as indicated by a head-and-shoulders breakdown pattern on the price charts. Looking at notable individual cryptocurrencies, bitcoin (BTC) has depreciated by 12 percent week-on-week and has outperformed its closer rivals. For instance, ethereum (ETH) and EOS have dropped 15 percent each and Ripple (XRP) has declined by 34 percen
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Bitcoin Hits Three-Week Low, Eyes Break Below $8,600

Bitcoin Hits Three-Week Low, Eyes Break Below $8,600

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Hits Three-Week Low, Eyes Break Below $8,600 Bitcoin (BTC) hit a three-week low of $8,713 on Bitfinex earlier today and looks set to extend losses further, price chart analysis indicates. The cryptocurrency failed to cut through the descending (bearish) 5-day moving average (MA) located at $9,382 yesterday, despite the bullish falling channel breakout on May 9, and fell below the $9,000 mark as anticipated. As of writing, BTC is changing hands around $8,800 - below the 100-day moving average (MA) of $8,849 and down 2.42 percent from the previous day's close (as per UTC) of $9,018. The 10 percent decline from the recent high of $9,990 has weakened the bulls and has boosted the odds of a deeper drop to the 50-day moving ave
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Drop to $9K Still in Play Despite Brief Bitcoin Rally

Drop to $9K Still in Play Despite Brief Bitcoin Rally

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Drop to $9K Still in Play Despite Brief Bitcoin Rally Despite a brief rally yesterday, bitcoin (BTC) is still in corrective mode and risks falling back below $9,000, chart analysis suggests. The cryptocurrency broke out of the bearish falling channel setup Wednesday, courtesy of a bullish relative strength index (RSI) divergence - indicating the pullback from the recent high of $9,990 had ended at a low of $8,980. The breakout also raised the prospects of a stronger move towards $9,767 (April 25 high) and possibly even the $10,000 mark. However, the ascent has been cut short around $9,380 in the last 15 hours, as seen in the hourly chart below. Hourly chart As of writing, bitcoin is attempting a break above $9,380 on Bitfinex
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Messaging Giant WeChat Suspends Third-Party Blockchain App

Messaging Giant WeChat Suspends Third-Party Blockchain App

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Messaging Giant WeChat Suspends Third-Party Blockchain App China's most popular messaging application, WeChat, has frozen a third-party blockchain application designed to introduce the nascent technology to a wide user base. The mini-program, called Xiao Xieyi (or Mini Protocol in a literal translation), was launched on Wednesday and touted as a service that would allow users on WeChat to initiate contractual agreements, according to the Chinese business news outlet Caijing. However, the app, which is owned by Tencent, suspended the program within a day. Upon reaching consensus, the tool - developed by a Beijing-based blockchain-as-a-service platform called Niuco Box - would encrypt and record agreements on a blockchain for a fee
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Zilliqa Becomes Latest Crypto to Break $1 Billion Market Cap

Zilliqa Becomes Latest Crypto to Break $1 Billion Market Cap

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Zilliqa Becomes Latest Crypto to Break $1 Billion Market Cap Zilliqa has become one of just 28 cryptocurrencies to boast a market capitalization over $1 billion. According to CoinMarketCap, Zilliqa passed the $1 billion threshold late Monday and is worth nearly $1.2 billion at the time of writing, making it the world's 23rd-most valuable cryptocurrency. The rise coincided with the announcement that Zilliqa is available to trade on OKEx, the third-highest volume cryptocurrency exchange tracked by CoinMarketCap. The coin is also available to trade on Binance, Huobi and Gate.io, among others. The Singapore-based project presents itself as solving the scalability problems endemic to blockchain technology through sharding, an efficien...