Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative Markets

Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative MarketsThe BTC markets have rallied to test resistance at the $10,000 area. Despite gaining 60% in just four weeks, BTC’s recent gains have been significantly overshadowed by those produced by many top performing cryptocurrency markets, including Bitcoin Cash – which has gained more than 225% since it’s early April lows. Also Read: Markets Update: BCH Prices […]

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Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018

Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of […]

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Abra Increases Number of Supported Cryptocurrencies to 25

A common maxim in the cryptocurrency industry is that there is a lot more to this form of money than just Bitcoin. Although Bitcoin is, and will continue to be, the world’s leading cryptocurrency, companies such as Abra are taking a closer look at alternative currencies. After enabling support for a fair few altcoins, the company has now added Verge, Monero, NEO, NEM, and Lisk support. Abra Continues to Expand Positioning oneself as a global digital wallet is not an easy feat by any means. There are a lot of factors to take into account, especially when dealing with cryptocurrencies. For companies such

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Openbazaar Co-Founder Expresses Frustration Over BTC Fees

Openbazaar Co-Founder Expresses Frustration Over BTC FeesThe co-founder of Openbazaar, Washington Sanchez, has taken to Twitter to vent frustration with the high fees associated with BTC. Mr. Sanchez expressed regret for his previous BTC “maximalism,” and reinforced Openbazaar’s desire to place a greater emphasis on alternative cryptocurrencies. Also Read: Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings Washington Sanchez Slams […]

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The Most Controversial Bitcoin Forks Yet Are Coming

The Most Controversial Bitcoin Forks Yet Are ComingBitcoin forks are invariably contentious, but the latest batch could be the most controversial yet. Bitcoin Prime and Anonymous Bitcoin have been labeled as shameless cash grabs that are little more than pump and dumps orchestrated by opportunistic developers. The projects’ architects of these schemes, naturally, have hit back. Also read: Forget Emojis – Bitcoin Sentiment […]

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New Store Sells Cryptocurrencies for Regular Old Cash in Croatia

New Store Sells Cryptocurrencies for Regular Old Cash in CroatiaA “Bitcoin store” has opened doors in Croatia. It sells bitcoin and other cryptocurrencies, and even issues receipts. The shop is a welcome addition to the steadily growing crypto sector in the Balkan country. The team behind the project plans to expand to all major Croatian cities and even other countries in the region. Also […]

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ETH Round-Up: Parity Unfreeze Shot Down, Casper Code Made Public, Vitalik Slams Greedy Market Sentiment

ETH Round-Up: Parity Unfreeze Shot Down, Casper Code Made Public, Vitalik Slams Greedy Market SentimentA number of significant events have occurred pertaining to the Ethereum ecosystem in recent days. Last week, the code for the proposed first step of Ethereum’s technical transition toward the adoption of proof-of-stake mining, Vitalik Buterin made disparaging comments regarding 2017’s explosion in the initial coin offering (ICO) industry in an interview with Financial Times, […]

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Altcoins Slide as Price of Bitcoin Falls Below $9,000

TheMerkle Ethereum market CorrectionAs is always expected with major surges, cryptocurrency markets have seen a significant drawback following strong performances across the board since local BTC lows of under US$7,000 earlier in the month. Following impressive Bitcoin and altcoin gains earlier in the week, global market capitalization has fallen about 10% in the past day. While many speculators feared what would happen when Bitcoin approached the US$10,000 resistance, the price never quite made it to the benchmark. After reaching highs of about US$9,750 last night, BTC saw significant decline. After falling to local lows of around $8,800, the king of crypto recovered slightly to its

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Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Markets Update: Altcoins Rally During Week of Bullish Action for CryptoThe cryptocurrency markets have enjoyed a strong week, with BTC, BCH, and many altcoins generating significant gains in recent days. There is considerable uniformity shared among major altcoin markets, with many cryptocurrencies recovering to test the 0.236% retracement areas after breaking above descending trendlines. Also Read: Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG […]

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Bitcoin Price Watch: Currency is Staying Strong at $8,000

The bitcoin price has fallen by roughly $100, but this isn’t necessarily something to fear or a sign of another impending bear run. The currency has spiked by approximately $1,200 since mid-week, jumping from $6,900 to $8,100 in just under 48 hours, and a small drop in the records isn’t something to get one’s hat in a twist. At press time, most analysts are unanimous in their thoughts that bitcoin and its crypto-cousins are in line for some “monster gains” in the coming weeks. Perhaps the biggest enthusiasm comes from tech billionaire Tim Draper, who recently stated that he believes

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