Tuesday, July 17Your Daily Bitcoin & Altcoin News Portal
EOS Has a $1 Billion War Chest – But Will Dan Larimer Stick Around Long Enough to Enjoy It? – Bitcoin News

EOS Has a $1 Billion War Chest – But Will Dan Larimer Stick Around Long Enough to Enjoy It? – Bitcoin News

BITCOIN
Please share if you find this article interesting. EOS Has a $1 Billion War Chest – But Will Dan Larimer Stick Around Long Enough to Enjoy It? - Bitcoin News Crowdfunding On paper, EOS is a $6 billion company and the 14th largest cryptocurrency project in the world whose token changes hands for $10 a pop. It has raised over $700 million to date in the world’s longest running ICO, which began last June. By the time it’s done, the company, led by Dan Larimer, will have a $1 billion war chest at its disposal. The question is, will the charismatic founder stick around long enough to spend these riches? Also read: Four Cryptocurrencies That Actually Meet the Definition of Vaporware The Curious Case of the Man with the Itchy Feet Dan Larimer is one of the crypto world’s best known
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Ethereum Price Technical Analysis – ETH/USD Resumes Uptrend

Ethereum Price Technical Analysis – ETH/USD Resumes Uptrend

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Resumes Uptrend Key Highlights ETH price rocketed above the $1200 before creating a dip and rip situation against the US Dollar. A crucial bullish trend line with current support at $1060 prevented declines on the hourly chart of ETH/USD (data feed via SimpleFX). The pair has resumed its uptrend and it looks set for a move above the $1220 level. Ethereum price is forming bullish moves against the US Dollar and Bitcoin. ETH/USD corrected sharply and is currently poised to resume uptrend above $1220. Ethereum Price Support Yesterday, we discussed that ETH price is poised to break the $1200 level against the US Dollar. The price made a nice upside move and traded above the $1200 level. A n
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Bitcoin Cash Price Technical Analysis – BCH/USD Upside Hurdles

Bitcoin Cash Price Technical Analysis – BCH/USD Upside Hurdles

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Upside Hurdles Key Points Bitcoin cash price traded further lower and tested the $2300 support area against the US Dollar. There is a new connecting bearish trend line forming with resistance at $2450 on the hourly chart of BCH/USD (data feed from Kraken). The pair needs to break the $2450 resistance and the 100 hourly simple moving average to gain momentum. Bitcoin cash price declined towards $2300 against the US Dollar. BCH/USD is attempting recovery, but is facing hurdles near $2450. Bitcoin Cash Price Resistance Yesterday, we discussed that bitcoin cash price could test the $2300 support area against the US Dollar. The price did move down and tested the $2300 and $2280 support l
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2018: The Year We Democratize Blockchain

2018: The Year We Democratize Blockchain

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 2018: The Year We Democratize Blockchain Eric Piscini, a principal with Deloitte Consulting LLP, is the global leader of Deloitte’s financial services blockchain consulting efforts and co-lead at its the global blockchain and cryptocurrency team. The following article is an exclusive contribution to CoinDesk's 2017 in Review. As the technology behind bitcoin nears its 10th year in the market, let's celebrate the positive. The world has seen tremendous interest in blockchain across industries and countries, from thousands of new startups, to blockchain labs popping up in commercial and federal organizations, to a number of consortia established looking to solve their industry’s biggest challenges. One can go so far as to argue t
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2018 Could be Banner Year for Nvidia, Miners

2018 Could be Banner Year for Nvidia, Miners

BITCOIN
Please share if you find this article interesting. 2018 Could be Banner Year for Nvidia, Miners While Bitcoin and various altcoins enjoyed a record-breaking 2017, chipmakers like Nvidia also benefited from the crypto boom. The graphics card manufacturer was the top performer on the S&P 500 in the chip manufacturer category, Overall, Nvidia’s share price saw a 100% rise in 2017 - and Goldman Sachs believes that growth will bubble continue into 2018. As reported by CNBC, Goldman Sachs analyst Toshiya Hari told clients that they could expect chipmakers to have another bumper year on the stock market. "Nvidia is one of the few stocks in our coverage universe exposed to multiple secular growth markets. With the emergence of eSports and the potential proliferation of VR/AR, we view Ga
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Harvard Professors Predict Bitcoin Collapse Due to Government Regulation

Harvard Professors Predict Bitcoin Collapse Due to Government Regulation

BITCOIN
Please share if you find this article interesting. Harvard Professors Predict Bitcoin Collapse Due to Government Regulation According to some Harvard economics professors, Bitcoin will eventually be destroyed through the weight of government regulation. Professor Kenneth S. Rogoff believes that the risk of financial anonymity will eventually create an environment where regulation would crush Bitcoin. He said: “Small anonymous transactions with virtual currencies…would be desirable but large-scale anonymous payments would make it extremely difficult to collect taxes or counter criminal activity.” The perspective is shared, though in a different vein, by the counterpart, Jeffrey A. Miron, whose Libertarian perspective makes him more lassez-faire. Nevertheless, he believes that ce
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Advocate Files for Immediate Regulation of Bitcoin in India

Advocate Files for Immediate Regulation of Bitcoin in India

BITCOIN
Please share if you find this article interesting. Advocate Files for Immediate Regulation of Bitcoin in India Advocate Bivas Chatterjee filed a public interest litigation (PIL) on Friday in the Calcutta court to immediately regulate the flow of Bitcoin in and out of India, according to local news sources. In his petition, Chatterjee suggested that cryptocurrencies are predominantly used for nefarious purposes and should be regulated or banned, as in China, as quickly as possible. He said: “Use of Bitcoin was maximised post demonetisation, when cashless economy was being promoted. In India, law enforcement agencies are confused… Either the government should ban Bitcoin by declaring it illegal like China or there must be a regulatory body to control its flow.” Anonymity a proble
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Bitcoin Price Technical Analysis for 01/09/2018 – Break and Retest

Bitcoin Price Technical Analysis for 01/09/2018 – Break and Retest

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 01/09/2018 – Break and Retest Bitcoin Price Key Highlights Bitcoin price recently broke below a short-term ascending trend line, indicating that a selloff is underway. Price popped up from the $14,000 support zone to make a retest of the broken trend line support. Applying the Fib tool on the breakout move shows the nearby resistance levels on this pullback. Bitcoin price broke below a rising trend line to signal a reversal, which might gain traction after this pullback is completed. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA, though, so the path of least resistance might still be to the upside. The 200 SMA could hold as dynamic resistance since it lines up with
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US Government to Sell Bitcoin Seized from Dark Web Dealer – Bitcoin News

US Government to Sell Bitcoin Seized from Dark Web Dealer – Bitcoin News

BITCOIN
Please share if you find this article interesting. US Government to Sell Bitcoin Seized from Dark Web Dealer - Bitcoin News Featured The US government has been approved by a federal judge in Utah to sell 513 Bitcoin and 512 Bitcoin Cash seized from an investigation involving Aaron Michael Shamo, a dark web dealer. Also Read: Bitfury as Big Brother: Mining Company Tracks Bitcoiners 513 Bitcoin and 512 Bitcoin Cash The U.S government is expected to sell all crypto assets of Aaron Michael Shamo(Shamo)following his recent arrest, including approx. $10 million worth of Bitcoin (BTC) and Bitcoin Cash (BTC). On May 31, 2017, Shamo along with other dark web operators including Drew Wilson Crandall, Mario Anthony Noble, and Sean Michael Gygi were found guilty of conspiracy to distrib
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SEC Suspends Trading of UBI Blockchain Following ‘Unexplained Market Activity’

SEC Suspends Trading of UBI Blockchain Following ‘Unexplained Market Activity’

BITCOIN
Please share if you find this article interesting. SEC Suspends Trading of UBI Blockchain Following ‘Unexplained Market Activity’ The Securities and Exchange Commission (SEC) has suspended trading of shares of UBI Blockchain. The regulator has issued the suspension based on: “(i) Questions of the accuracy of assertions...regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.” The company’s stock surged from $9 to $87 in just one week last December, according to CNBC, before returning to $22 today. Rising tide lifts all boats UBI Blockchain is one of several companies whose stock price has benefited from the Bitcoin and Blockchain craze that has swept