Sunday, August 19Your Daily Bitcoin & Altcoin News Portal
Poloniex Solves $70,000 Account Balance Issue After Reddit Complaint

Poloniex Solves $70,000 Account Balance Issue After Reddit Complaint

EXCHANGE, FINANCE
Some Poloniex users are getting fed up with the company right now. Ever since the platform saw an influx of new users, the number of issues started piling up. GpuShack President, Alexander Levin, is one of the people who has taken issue with Poloniex. According to his statement, he is no longer able to access his account and there has been no response from support for nearly a month now. ANOTHER MAJOR COMPLAINT ABOUT POLONIEX As if the DDoS issues and ZCash problems were not enough to keep people away from Poloniex, this latest piece of information may do the trick. A new Reddit post appeared earlier today, in which the ethOS founder -and GpuShack President- Alexander Levin explains his grievances with the company. More specifically, his account balance is worth $70,000, but he canno
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To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now!

To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now!

BITCOIN
The growing Bitcoin adoption and the popular cryptocurrency’s performance this year has got governments rallying to introduce cryptocurrency regulations in their respective jurisdictions. These attempts have received a mixed reaction from the community as a poorly drafted law can spell the doom of Bitcoin and businesses that are using the cryptocurrency to develop innovative solutions. Similar concerns are now being voiced by the Bitcoin Foundation as the Uniform Law Commission sets to meet and decide upon cryptocurrency legislation in the United States. The Uniform Law Commission is presently in the middle of framing cryptocurrency laws that can be implemented by a majority of US states. As they proceed, the major Bitcoin advocacy organization, Bitcoin Foundation seems to have foun
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Welcome to FirstBlood, the Future of Competitive Gaming

Welcome to FirstBlood, the Future of Competitive Gaming

ADOPTION, ALTCOINS, BITCOIN
For Immediate Release: The First Blockchain Powered esport company launches beta! Are you interested in where the esports and competitive gaming industry is heading? Like many industries, Blockchain technology is making its mark in esports by bringing us efficient and verifiable information like never before. We at FirstBlood are the leading blockchain powered esports and competitive gaming company in the world. Over the past few months, we have been designing, building, testing, and breaking our platform. We have heard the feedback from our alpha users and adjusted accordingly! This week, we are proud to announce we have officially launched beta! So what is FirstBlood.io exactly? FirstBlood.io (“FirstBlood”) is a decentralized Esports gaming platform allows individuals
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Coinbase Paid $240K in Unnecessary Bitcoin Fees in a Single Day

Coinbase Paid $240K in Unnecessary Bitcoin Fees in a Single Day

EXCHANGE
Coinbase has been described as “hemorrhaging money” this week after data showed it had been paying double transaction fees. The overspending, likely due to a software problem, is the latest in a series of technical mishaps for the exchange and wallet provider. BitGo engineer Jameson Lopp originally raised the alarm Friday noting “something weird” was occurring on the Bitcoin network, tweeting: 12 hours ago an entity began sending BTC transactions paying 100X the going fee rate. After others agreed, Lopp subsequently announced his suspicions were “confirmed firsthand” and that the party contributing huge batches of double-rate fee transactions was Coinbase. Responding to the news, CEO Brian Armstrong told Lopp the company was “taking a look” into the situation. Previous and Ong
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Litecoin Core Client is Missing Out on Segwit Transactions

Litecoin Core Client is Missing Out on Segwit Transactions

ALTCOINS
Controversy is never hard to come by in the world of cryptocurrencies. Litecoin successfully activated Segregated Witness on the network months ago. Interestingly enough, the Litecoin Core client doesn’t generate SegWit transactions by default. One would expect this to have changed by now, yet it hasn’t for some unknown reason. This begs the question if there are any SegWit transactions on the Ltiecoin network to date. The LTC community was quite pleased when all mining pools came together to activate SegWit. After all, this scaling solution and malleability fix is quite important. Bitcoin users saw this as a way to test the scaling solution and draw their own conclusions. However, it seems things are not exactly going the way as planned. More specifically, Litecoin Core clients can
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Ethereum Price Weekly Analysis: Following a Downward Path, $150 Breached

Ethereum Price Weekly Analysis: Following a Downward Path, $150 Breached

PRICE ANALYSIS
Ethereum price is following a declining path against the US Dollar and Bitcoin as it touched down an important support base at $150. ETH/USD might continue to move down and test $96. Etheruem Price Key Highlights ETH price remained under heavy pressure and tested the $150 support against the US Dollar. A monster bearish trend line with resistance at $205 forming on the 4-hours chart of ETH/USD ultimately sparked the decline below $150. The pair is likely to decline further and test more support zones in the near term. Technical Indicators Reaction There was a major increase in the bearish pressure for ETH price as it failed to hold the $205 support against the US Dollar. The price extended its decline from the $317 swing high and traded towards $175 first, and then reco
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Bitcoin Price Weekly Analysis: Dips Below $2000, Huge Support Broken

Bitcoin Price Weekly Analysis: Dips Below $2000, Huge Support Broken

PRICE ANALYSIS
Bitcoin price crashed below the monster support area $2000 recently against the US Dollar, and now BTC/USD is struggling to hold above $1900. Bitcoin Price Key Highlights Bitcoin price fell sharply during the past few days and broke the $2400-2350 support against the US Dollar. There was a break below a major contracting triangle with support at $2420 on the 4-hours chart of BTC/USD which ignited massive downside below $2000. The price is currently trading near $1900, and struggling to hold it. Technical Indicators Signals This past week was mostly bearish for Bitcoin price, as it moved below the $2400 support area against the US Dollar. In the last weekly analysis, I highlighted a monster breakout pattern with support at $2400-20 on the 4-hours chart of BTC/USD. It see
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Litecoin and Ethereum Classic Almost Match Trading Volume

Litecoin and Ethereum Classic Almost Match Trading Volume

ALTCOINS, ETHEREUM
Cryptocurrency markets are very strange, especially compared to traditional markets. Even during bear-ish markets, there are some interesting things happening. Not everyone will see these changes as a positive trend and there will be a lot of disappointment among cryptocurrency enthusiasts. However, things may turn around for the better at any given moment. CRYPTOCURRENCY MARKETS CONTINUE DROPPING Few people are happy with the cryptocurrency price fluctuations these daysunderstandable. Almost all cryptocurrencies are losing value daily, and no one can figure out why exactly. Especially Ethereum and Ripple users will be more disappointed with the current price trend. Both currencies lost yet another 4% and more over the past 24 hours, indicating a continuation of the previously establ...
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ICOs Might Potentially Become the Future of Venture Capital

ICOs Might Potentially Become the Future of Venture Capital

FINANCE
This year has been a very profitable for cryptocurrency investors. More and more people are investing in ICOs (Initial Coin Offering) in hope to get in the next Bitcoin or Ethereum. Any way you look at it, 2017 has been a record setting – and record breaking – year for cryptocurrencies and ICOs. Over 40 different projects have managed to raise an impressive $1.2 billion USD in funding through token sales. Investors and experts believe that this is just the beginning and that ICOs will become the de facto method for fundraising in the future. In light of the overwhelming successes of several recent ICOs, many startups have decided not to take the traditional path of fundraising through venture capitalists (VCs) and instead launch their own ICOs. Not wanting to be left out of the m
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The Brief History of Bubbles

The Brief History of Bubbles

FINANCE
Digital currencies have experienced incredible price growth since the beginning of 2017, leading many to wonder if their market value is exceeding their intrinsic value. When this happens, speculators drive the price of an asset to lofty and unsustainable heights, creating a financial bubble. These bubbles inevitably pop, bringing potential ruin to those who bought near the top. Severe speculative bubbles can also discredit an entire market sector, leading to a prolonged bear market as traditional investors stay away. Rollercoaster The digital currency market has seen extreme price growth over the past seven months, with much of it occurring since May. Some currencies, such as Bitcoin, have seen relatively modest growth. Other currencies, such as NEM and BitShares, have seen