Cryptocurrency news

• Analyst Who Predicted Bitcoin’s Crash to $3,000 Says This Comes Next

  20-03-2020 23:30 via newsbtc.com
  Over the past few days, Bitcoin saw some bullish price action for the first time in weeks. This rally took the asset as high as $6,900, up 80% from the $3,800 bottom seen last week and up 28% from the $5,400 baseline.  Unfortunately, it ended abruptly just hours ago, with the cryptocurrency seeing a strong rejection at $6,900 to fall as low as $5,700.
  According to a prominent analyst, this rejection is a likely precursor to further pain for this market in the coming week.
  Related Reading: S
  
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• U.S. Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market Cap

  20-03-2020 23:01 via cointelegraph.com
  
  The U.S. Fed has extended its trillion-dollar injection efforts through March — a giant sum compared to all the money invested in crypto
  
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• Folding@Home Surpasses 400,000 Users Amid Crypto Contribution

  20-03-2020 23:00 via cointelegraph.com
  
  The milestone has been passed with crypto community assistance, including 6,000 GPU’s owned by America’s largest ETH miner
  
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• World Federation of Exchanges Says Crypto Terminology Needs Clarity

  20-03-2020 22:53 via cointelegraph.com
  
  A trade association of major global exchanges calls for clarity regarding crypto terms in a recent response report
  
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• Steem Community Resists Takeover, Hard Fork Launches Hive Network

  20-03-2020 22:20 via cointelegraph.com
  
  A new Steem hard fork is about to launch as Justin Sun fails to convince the community to stay
  
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• Less Than 1% of Australians Used Crypto to Pay for Services in 2019

  20-03-2020 22:15 via cointelegraph.com
  
  Crypto is the third most familiar alternative type of payment in Australia, but less than 1% used it for payment in 2019, central bank says
  
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• US SEC Freezes Assets of Alleged Crypto Scam Backed by a Former State Senator

  20-03-2020 22:00 via cointelegraph.com
  
  U.S. SEC files complaint against alleged cryptocurrency scam Meta 1 Coin and the former state senator who backed it
  
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• IRS Delays Tax Day to July 15, Still Monitors Crypto

  20-03-2020 21:49 via cointelegraph.com
  
  The IRS has changed the tax payment deadline. What does this mean and what else has been changed?
  
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• Bitcoin Plunges Under $6,000 as S&P 500 Sees Worst Week Since Great Recession

  20-03-2020 21:45 via newsbtc.com
  
  After a three-day rally from $5,400 to $6,900, Bitcoin has been dealt a significant blow by bears, who just minutes ago pushed the cryptocurrency under $6,000 after the 28% rally that some argued was a precursor to a bull trend. As it stands, BTC trades at $5,800, 16% below the local top.
  Although a bearish daily trend hasn’t been confirmed, many have pointed to the rejection at $6,900 as notable, as that level was important for the asset for a number of technical reasons, including the fa
  
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• Crypto Hedge Fund Goes Belly Up After Bitcoin Price Drop to $3.8K

  20-03-2020 21:36 via cointelegraph.com
  
  Collateral damage from last weeks 50% Bitcoin correction continues to arise as crypto hedge fund Adaptive Capital shutters all operations
  
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• Honeywell: “Corporate America Needs to Change Its Mindset”

  20-03-2020 21:33 via cointelegraph.com
  
  $80 Billion Giant Honeywell International Inc. Says Corporate America needs to change its mindset on data
  
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• Fed Stands Ready to Replace Infected Greenbacks With Clean Bills

  20-03-2020 21:25
  
  The Fed doesn’t plan to destroy banknotes as China did, but it has a stockpile of fresh greenbacks should it need to replace what’s in circulation.
  
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• Bitfinex to Delist 87 Crypto Trading Pairs Aiming to Improve Liquidity

  20-03-2020 21:22 via cointelegraph.com
  
  Major cryptocurrency exchange will remove some trading pairs due to low liquidity levels
  
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• Canadian Provincial Regulator Exposes HYIP Crypto Scam

  20-03-2020 20:57
  
  Canadian regulators have been vigilant following the collapse of a Toronto hedge fund that promoted a $106 million ICO.
  
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• Coinbase Broke Traffic Records and Saw Massive Volume During Market Collapse

  20-03-2020 20:55
  
  Coinbase reported record site traffic and a massive surge in 24-hour trading volume during last week’s coronavirus-driven market swings.
  
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• Hive Hard Fork is Successful, STEEM Crashes Back to Earth

  20-03-2020 20:51 via cointelegraph.com
  
  The Steem community is rejoicing following the successful Hive hard fork, with content creators already posting on Steempeak’s new Peakd platform
  
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• Bitcoin Bumps Up, but for How Long?

  20-03-2020 20:38
  
  Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
  
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• Big Brother Capitalizes on Coronavirus Fears, Crypto Industry Responds

  20-03-2020 20:35 via cointelegraph.com
  
  Coronavirus fears bring personal data privacy issues to a new level, crypto community says
  
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• State Power After Coronavirus, Feat. Peter McCormack

  20-03-2020 20:05
  
  An off-the-cuff conversation about state power, nuance in an age of tribalism, and where bitcoin meets politics with Peter McCormack
  
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• Liquidity Crisis Continues: BitMEX Wick Reaches $8,700 on Bitcoin Futures

  20-03-2020 20:00 via newsbtc.com
  
  Last week, Bitcoin plummeted from $7,500 to $3,800 at the extreme point of the low, as a result of a coronavirus panic-induced selloff combined with a liquidity crisis and potential DDoS attack on BitMEX that created a cascade of liquidations driving the price of Bitcoin down at a rapid rate.
  But rather than clean up their act, strange price action continues to take place on the Bitcoin-based margin trading platform. In the latest shenanigans, the price of Bitcoin futures wicked all the way to $
  
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• Ethereum Just Broke a Key Technical Level, Opening the Gates for an Explosive Rally

  20-03-2020 20:00 via newsbtc.com
  
  Bitcoin saw a sharp upwards movement earlier today that allowed the cryptocurrency to surge as high as $6,900, with this rally leading major altcoins like Ethereum to follow suit and further extend the momentum that was first incurred early yesterday.
  Analysts are now noting that today’s rally allowed ETH to break above a key technical resistance level that was previously hampering its price action.
  This break could prove to be highly bullish for the crypto in the near-term, potentially al
  
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• Price Analysis Mar 20: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

  20-03-2020 19:26 via cointelegraph.com
  
  Bitcoin might turn down from $6,900 but the next dip could offer an excellent buying opportunity
  
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• Only 1% of Australians Use Cryptocurrency, Despite Most Being Aware of It: Study - CryptoGlobe

  20-03-2020 18:53 via cryptoglobe.com
  Only 1% of Australians Use Cryptocurrency, Despite Most Being Aware of It: Study  CryptoGlobe
  
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• ICE Pushes Back on Claim Ex-Bakkt CEO Dumped Stocks After Senate COVID Briefing

  20-03-2020 18:53
  
  U.S. Senator Kelly Loeffler and her husband sold up to $3.5 million in stock after a Jan. 24 briefing on COVID-19, but ICE says the transactions were conducted by financial advisors who had no input from the two.
  
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• Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF - Blockmanity

  20-03-2020 18:48 via blockmanity.com
  
  Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF  Blockmanity
  
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• Woman Arrested for Stealing $480,000 From Crypto Exchange She Co-Founded

  20-03-2020 18:34 via cointelegraph.com
  
  One of Bitcipher Labs’ co-founders confessed to stealing 63.5 BTC after quitting the exchange
  
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• Bitcoin Incurs “Spot Driven” Rally as Analysts Eye a Return of the Bull Market

  20-03-2020 18:30 via newsbtc.com
  
  Bitcoin has seen a notable upswing today that has marked a significant extension of the momentum that was first incurred yesterday when the benchmark cryptocurrency rallied from lows of $5,100 after being caught within a bout of sideways trading for an extended period of time.
  Analysts are now noting that this ongoing rally is not being driven by margin positions, but is rather being fueled by spot BTC purchases, signaling that retail investors are the suspects behind this momentum.
  This is a bu
  
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• Bitcoin’s 85% Bounce Shows Crypto Is Fundamentally Alive and Well

  20-03-2020 18:00 via newsbtc.com
  
  Bitcoin and the rest of the crypto market – even traditional equities markets and precious metals – have been suffering through one of the worst selloffs the world has ever seen in the face of a global pandemic.
  However, while the stock market has barely gained back any of the recent losses from last week’s collapse, the first-ever cryptocurrency has nearly doubled in value, gaining 85% from the recent low and showing that the asset is fundamentally alive and well.
  BTC is Dead,
  
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• The Puell Multiple Is Turning Bullish on Bitcoin

  20-03-2020 17:17
  
  You might not have heard of the Puell Multiple but right now it appears to show bitcoin is undervalued.
  
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• ‘Skyweaver’ Didn’t Plan for a Captive Audience of Millions but It Sure Helps

  20-03-2020 17:16
  
  Skyweaver is among a crop of blockchain-based games looking to prove the value of digital scarcity in the gaming industry.
  
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• Brave New World: Browser Challenging Google for the Future of Privacy

  20-03-2020 17:10 via cointelegraph.com
  
  With an increasing number of people looking to make use of privacy-focused web tools, Brave’s daily user count recently surged past the 4 million mark
  
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• Bitcoin News Roundup for March 20, 2020

  20-03-2020 17:01
  
  CoinDesk goes to Africa in a new podcast and America's biggest Ether mine turns to COVID-19 research. It's the CoinDesk Markets Daily podcast.
  
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• Tether Stablecoin Launches on Its Seventh Blockchain

  20-03-2020 17:00
  
  The world's largest stablecoin by market value is now live on the Bitcoin Cash network via the Simple Ledger Protocol.
  
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• Prelude to Bull Run: Bitcoin Hash Ribbons Signal Miner Capitulation Only Just Started

  20-03-2020 17:00 via newsbtc.com
  
  Hash rate is plummeting faster than Bitcoin’s price, suggesting that miners are starting to turn off their machines and await higher prices to return.
  An indicator called Hash Ribbons is signaling that miners are only just beginning to capitulate. And while this could suggest more downside in the near term, once things return to normal, the lows act as the final shakeout before a new bull run begins.
  Hash Ribbons Signal Miner Capitulation Has Only Just Begun
  Bitcoin derives much of its val
  
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• Think a Privacy Law Will Stop Surveillance Capitalism? You Don’t Know Google

  20-03-2020 16:45
  
  Big Tech's business model isn't threatened by the prospect of new data privacy laws, says one VC. FAANG firms are too nimble, powerful and ingenious.
  
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• Bitcoin Price Crash Fails to Cripple Retail Demand

  20-03-2020 16:40 via newsbtc.com
  
  Bitcoin’s eccentric performance last week had it shed roughly $80 billion from its global market valuation. But investors are not giving up on the world’s first decentralized digital asset.
  The bitcoin-to-dollar exchange rate rebounded by an astonishing 72 percent after bottoming out temporarily at $3,852. The pair traded near the $7,000-top early on Friday as it brought nearly $43 billion back into the system. While it corrected by circa $300 ahead of the New York morning bell, trad
  
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• Hawaii Beaches Open to Blockchain and Cryptocurrency Business - TWJ News

  20-03-2020 16:17 via tronweekly.com
  
  Hawaii Beaches Open to Blockchain and Cryptocurrency Business  TWJ News
  
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• The Promise and Reality of Blockchain’s Role in Global Elections

  20-03-2020 15:36 via cointelegraph.com
  
  E-voting systems, based on blockchain tech: Would they really help to make elections more trusted or is it another utopian dream?
  
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• Customized Crypto Options Seeing Record Demand From Funds, Miners, Says GSR

  20-03-2020 15:20
  
  The Hong Kong-based firm is seeing soaring interest in its customizable options contracts amid high price volatility.
  
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• As Markets Fall, Financial Advisors Seek Cryptocurrency Regulatory Clarity Amid Crypto-Lobby Infighting - Yahoo Finance

  20-03-2020 15:00 via finance.yahoo.com
  
  As Markets Fall, Financial Advisors Seek Cryptocurrency Regulatory Clarity Amid Crypto-Lobby Infighting  Yahoo Finance
  
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• Miko Matsumura on BTC, USD, & the Effects of Corona: What’s Next?

  20-03-2020 14:57
  
  The impact of the coronavirus on financial markets, including BTC, has been unprecedented. What can be learned?
  
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• How to Escape Contracts That Are Killing Your Company During Coronavirus

  20-03-2020 14:30
  
  Our “Not Legal Advice” columnist reviews options for changing or terminating business contracts during this crisis.
  
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• Saga Partners with Keyless Wallet ZenGo as SGA Profits from Stablecoin Scare

  20-03-2020 14:03 via newsbtc.com
  
  Saga Monetary Technologies has partnered with ZenGo, making the former’s SGA token storable within the keyless crypto wallet. The deal arrives at a time when interest in low volatility cryptocurrency SGA has peaked in the wake of high profile stablecoin scares. The meltdown of MakerDAO’s crypto-collateralized stablecoin issuance protocol has been coupled with concerns over the inability of fiat currencies and the stablecoins that are tethered to them to serve as a store of value (SoV
  
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• Cryptocurrency mining PC army joins coronavirus research project - ZDNet

  20-03-2020 14:01 via zdnet.com
  
  Cryptocurrency mining PC army joins coronavirus research project  ZDNet
  
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• The cryptocurrency market is in turmoil - Born2Invest

  20-03-2020 14:00 via born2invest.com
  
  The cryptocurrency market is in turmoil  Born2Invest
  
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• Crypto Lender Cred Is Offering Investors 10% Interest With Spencer Dinwiddie Partnership

  20-03-2020 14:00
  
  Crypto investors can "pledge" five different cryptos, including two stablecoins, to Cred and earn up to 10 percent interest in a new partnership with NBA star Spencer Dinwiddie.
  
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• Cred Partners With NBA Star Spencer Dinwiddie to Promote Crypto Lending

  20-03-2020 14:00 via cointelegraph.com
  
  NBA player Spencer Dinwiddie has launched another crypto-related venture as he partners with the Cred crypto lending platform
  
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• Does Bitcoin Have Intrinsic Value or Is It Based on Thin Air?

  20-03-2020 13:44 via cointelegraph.com
  
  While some government officials and billionaires believe that bitcoin has no intrinsic value, crypto industry experts have a different view
  
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• Bitcoin Price Spikes to $7K as Fed Balance Sheet Nears $5 Trillion

  20-03-2020 13:35 via cointelegraph.com
  
  The Federal Reserve has added more to its balance sheet than ever before as Bitcoin shuns global turmoil
  
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• PAX Gold Can Now Be Traded Against Swiss Franc and British Pound

  20-03-2020 13:23 via cointelegraph.com
  
  PAX Gold gets first-ever listing against the Swiss franc and the British pound on Switzerland-based exchange Smart Valor
  
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