Cryptocurrency news

• XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds

  21-12-2019 23:53 via newsbtc.com
  
  Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility.
  Related Reading: Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why
  Despite the fact that the cryptocurrency m
  
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• Why a Top Analyst Thinks Bitcoin Remains Bearish Despite $1,000 Jump

  21-12-2019 23:00 via newsbtc.com
  
  Since trading as low as $6,400 this week, Bitcoin (BTC) has seen a strong price recovery, surging as high as $7,300 late last week as bulls managed to defend key levels. In other words, the leading cryptocurrency jumped by nearly $1,000 from the multi-month bottom, making some believe that bulls are back.
  A top analyst, however, has asserted that Bitcoin remains in a clear downtrend, meaning that this latest jump is just a relief rally, not a full-fledged reversal.
  Related Reading: Lightning Wor
  
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• Central Bank of Switzerland Has Opened up a Hub for Crypto Trading

  21-12-2019 23:00 via crypto-news.net
  
  The Swiss National Bank (SNB) has teamed up with the Bank for International Settlements (BIS) and exchange platform SIX Digital Exchange (SDX) to develop a Blockchain-backed digital currency. In a recent press release dated 8th October 2019, Switzerland’s central bank revealed that it had signed a deal with BIS to start an innovation center for the currency project.
  Innovation Hubs
  In addition to identifying technological trends influencing central banking, the hub will unite innovation ex
  
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• Why Ethereum Can Still Drop 35% Despite Ongoing Bitcoin Recovery

  21-12-2019 22:30 via newsbtc.com
  
  Ethereum (ETH) has been facing bearish price action over the past several days and weeks, which comes about concurrently with a recent and ongoing Bitcoin recovery that has allowed BTC to put significant distance between its current price and its recent lows.
  Ethereum’s bearishness may have been perpetuated by a violent rejection at a key multi-year resistance trendline that has been suppressing its price action for the past two years, with the strength of this resistance leading analysts
  
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• This Simple Indicator Implies Bitcoin Price is Nearing Macro Bottom

  21-12-2019 20:53 via newsbtc.com
  
  Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.
  Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern
  Analysts have understandably divided over the question, as the correct answer would show in which direction Bitcoin will head for the next couple of months. Some are bullish, others are bearish.
  A simp
  
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• Ripple CEO Claims Half of Top 20 Banks Will Own Crypto in 2020; Is This Feasible?

  21-12-2019 20:52 via newsbtc.com
  
  The finance industry as a whole has been hesitant to embrace or adopt crypto in any forms, with many major figures within the industry claiming that Bitcoin and other digital assets are simply speculation tools that investors use to try to turn quick profits, rather than revolutionary technologies that could help usher in a new era of digital finance.
  In spite of this, one leader within the crypto industry is now offering a bold prediction for how big banks will take to cryptocurrency in 2020, a
  
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• Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg

  21-12-2019 19:46 via newsbtc.com
  
  Another week, another round of Crypto Tidbits. This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days.
  Bitcoin’s latest bout of volatility has made the cryptocurrency put in a new six-month
  
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• Christmas Shopping: Where to Buy With Crypto This Festive Season

  21-12-2019 19:32 via cointelegraph.com
  
  These shopping platforms allow their customers to pay for Christmas gifts in crypto
  
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• Here’s Why Bitcoin May Surge to $8,400 Despite Perceivable Weakness

  21-12-2019 18:35 via newsbtc.com
  
  Bitcoin’s massive upwards momentum that was first incurred when BTC bounced from its recently established lows of $6,400 has begun showing signs of faltering, as buyers have been unable to maintain the momentum as bears ramp up the selling pressure.
  It is important to note that one technical indicator is flashing a sign that BTC may climb as high as $8,400 in the near-term, but analysts still remain skeptical that the ongoing downtrend is anywhere close to ending.
  Bitcoin Continues Inching
  
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• Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTC

  21-12-2019 18:15 via newsbtc.com
  
  Since Bitcoin was launched in early 2009, it has been the subject of backlash from many critics. Common criticism includes the age-old argument that “Bitcoin is backed by nothing,” the assertion that the cryptocurrency is “only used by criminals, gamblers, and adult entertainment addicts,” and the belief that the use of the Bitcoin network is slowly killing the Earth we love (this was found not to be true).
  Related Reading: Bloomberg Analyst: Bitcoin More Likely to Hit $1
  
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• Ripple: XRP Price Lost 95% in 2 Years — Is It Time Now to Get Bullish?

  21-12-2019 18:10 via cointelegraph.com
  
  Ripple’s XRP just hit the lowest price level in over 2 years — time to buy?
  
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• Bitcoin Still Overtook Trump, VISA, PayPal, and Libra on Google Search in 2019

  21-12-2019 17:50 via newsbtc.com
  
  2019 has been a slow year for bitcoin. It is up almost two-fold since January but it is at risk of ending the year with a 50 percent drop from its yearly high. Still, it has managed to overtake Donald Trump, VISA, PayPal, and Libra on Google Trends at the year’s peak.
  Cryptocurrency researcher Eric Wall pointed out that the Google Trends popularity for the keyword “bitcoin” hit its 1-year high from June 23 to 29.
  At the time, the bitcoin price started to demonstrate a parabolic
  
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• For Quick Wins, Focus on Decentralization Within Existing Businesses

  21-12-2019 17:00
  
  Instead of creating new solutions to replace existing businesses with decentralized ones, startups should focus on improving existing businesses using decentralization.
  
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• Bitcoin Wars: If Blockchain History Were the Original Star Wars Trilogy

  21-12-2019 17:00 via cointelegraph.com
  
  It is a period of civil war. Jedi Muppet Satoshi Nakamoto has managed to create secret plans for improving the galaxy’s financial infrastructure
  
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• 3 Under-the-Radar Product Trends for 2020

  21-12-2019 16:00
  
  Here's what 1confirmation partner Richard Chen is expecting to pop in the new year.
  
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• Can Bitcoin Benefit From New ‘Impossible to Crack’ Encryption Chips?

  21-12-2019 15:26 via cointelegraph.com
  
  Researchers claim to have developed a chip that enables unbreakable cryptography
  
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• An Identity Layer for the Web Would Identify Us Everywhere

  21-12-2019 15:00
  
  With the digital subsuming our reality, an identity layer for the web would be an identity layer for our lives.
  
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• 2019 Set the Stage for DeFi to Go Mainstream

  21-12-2019 14:00
  
  DeFi's biggest strength is the ability to recreate itself and scale endlessly without regulatory approval.
  
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• VC: New 10-Year Phase in Crypto to Begin in 2020: What it Means For Bitcoin, Ethereum, Blockchain

  21-12-2019 13:36 via newsbtc.com
  
  Outlier Ventures, a venture capital firm, said that 2020 will be the start to a new phase in crypto, bitcoin, Ethereum, and blockchain following ten years of development and speculation.
  The firm’s head of research Lawrence Lundy—which has invested in major cryptocurrencies like bitcoin, Ethereum, Cosmos, Brave, and Chainlink—said that the next ten years will be about deployment, if the last decade was primarily about installment.
  S-Curve trend of crypto and bitcoin for the pas
  
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• Bloomberg Analyst: Bitcoin More Likely to Hit $10,000 Than Fall 30%

  21-12-2019 12:51 via newsbtc.com
  
  While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.
  Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But Here’s What Might
  For instance, cryptocurrency trader Mac remarked that $5,100 — 30% lower than current prices — will be the ultimate bot
  
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• ‘Multi-Part’ Payments Could Bring Bigger Bitcoin Sums to Lightning Network

  21-12-2019 12:35
  
  With its latest "major release," bitcoin tech startup Blockstream said its c-lightning software team is the first to release a working version of "multi-part payments."
  
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• New York Court Proceeds Against Man Allegedly Linked to OneCoin

  21-12-2019 12:17 via cointelegraph.com
  
  A New York court continues the proceedings against man accused of laundering about $400 million of OneCoin Ponzi proceedings
  
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• We Totally Misunderstood Blockchain

  21-12-2019 11:52 via cointelegraph.com
  
  To benefit from blockchain, authorities are making this technology more centralized and easy to control
  
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• Binance Returns Frozen BTC After User ‘Promises’ Not to Use CoinJoin

  21-12-2019 10:34 via cointelegraph.com
  
  Binance says it “does not tolerate” Bitcoin privacy tools such as CoinJoin as it refunds Wasabi wallet user
  
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• Bitcoin Price Diary: Long BTC From $6.5K and Back in Altcoin Positions

  21-12-2019 09:56 via cointelegraph.com
  
  The return of volatility to the crypto market and Bitcoin’s drop to $6,400 allowed traders to easily secure a 10% on BTC price action and even higher gains from altcoins
  
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• Halving Priced In or Not, Bitcoin’s Trajectory Bullish for 2020: Exec

  21-12-2019 07:46 via newsbtc.com
  
  In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.
  Related Reading: Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns
  The halving mechanism, should it be kept in the code in the decades to come,
  
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• Analyst That Called Bitcoin’s Crash to $6,000s Expects Price to Rebound

  21-12-2019 05:38 via newsbtc.com
  
  In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.
  Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin was poised to return to $6,700.
  Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze B
  
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• Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why

  21-12-2019 03:20 via newsbtc.com
  
  Bitcoin and other crypto assets haven’t done too hot over the past six months. Since peaking at $14,000 in June, the leading cryptocurrency, BTC, has lost some 50%, tumbling as bulls failed to keep the upward momentum, and as regulatory pressure and sell-side pressure from miners and the PlusToken scam hit the market.
  Despite this, one of the most prominent executives in the industry, Changpeng “CZ” Zhao of Binance, is sure that this industry’s long-term momentum remains
  
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• Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But Here’s What Might

  21-12-2019 02:00 via newsbtc.com
  
  Bitcoin’s upcoming mining rewards halving – which is slated to occur in May of 2020 – has long been looked upon as a catalyst for next major BTC bull run, primarily due to the historical precedent of these events.
  In spite of this, one research group is now noting that the direct fundamental impact on Bitcoin’s inflation that is caused by the halving will not be enough to catalyze any sort of notable upwards momentum, although they also note that there is another reason w
  
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• Should History Repeat, Bitcoin Price Will Drop 40% to Bottom at $4,300

  21-12-2019 00:06 via newsbtc.com
  
  You’ve likely heard the term “echo bubble” tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a “textbook echo bubble.” This came shortly after he quipped in an earlier tweet that Bitcoin will die a “grinding death, punctuated by spoofs and FOMO spasms of decreasing frequency and int
  
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• SEC Punts Decision on Wilshire Phoenix’s Bitcoin ETF Proposal to February

  21-12-2019 00:02
  
  The SEC will approve or reject Wilshire Phoenix's bitcoin and U.S. Treasury ETF proposal next year.
  
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• Ripple Closes $200 Million Fundraising Round, But Community Questions Motives

  21-12-2019 00:00 via newsbtc.com
  
  FinTech startup Ripple announced today that they are capping off a “record” year with a $200 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale.
  This fundraising round comes concurrently with significant community criticism of the company’s regular market sales of XRP tokens, which has been largely looked upon as the impetus of the lackluster price action it has se
  
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