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Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies. The price consolidation comes after Monday’s big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday’s violation of key support. However, …

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A U.S. cryptocurrency exchange is reporting dramatic increases in trading of tether (USDT), the controversial stablecoin that lost its dollar peg this week, and one of the new alternatives. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT “have increased by over 10x over the last two days,” a company spokesperson …

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When the Tether (USDT) stablecoin’s $1 peg broke down on Monday, traders looking for another dollar equivalent they could easily move between cryptocurrency exchanges had few other places to turn. One of those places was Bibox, the ninth-largest exchange by 24-hour adjusted volume, according to CoinMarketCap, which accounts for basically all trading – 96 percent …

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Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows …

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A highly anticipated technology designed to make blockchain privacy features more scalable will be tested in the wild soon. Named “bulletproofs,” the tech, which was invented by cryptographers Benedict Bunz and Jonathan Bootle, promises to dramatically decrease the weight of confidential transactions, and on Thursday, Oct. 18, privacy-oriented cryptocurrency monero will put that to the …

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If 2017 was a year when fundraising for decentralized protocols dominated headlines, 2018’s emerging narrative is about empowering investors. From fits and starts on ethereum’s transition to proof-of-stake to Tezos’ launch, governance has been one of the persistent conversations in crypto this year. But for all the promise, one long awaited approach to blockchain governance …

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Bitcoin defended a key long-term price floor as it recovered from the three-week lows near $6,200 hit on Friday. The leading cryptocurrency looked set to pierce the 21-day exponential moving average (EMA), which has been serving as a strong support since June, having witnessed a strong bearish move last Thursday. However, yesterday’s tether-led rally in …

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Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger …

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Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform. Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday. Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors, including …

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Blockchain startup Adhara, which boasts a stellar line-up of former banking innovators, has secured $15 million in new funding from Consensys, the ethereum design studio. The funding will help Adhara continue its work on international payments, which includes introducing central banks to the type of cryptography normally confined to math labs and academic circles. For …

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Bitcoin (BTC) spiked 11 percent Monday, likely due to a sell-off in tether (USDT), but a bullish reversal is still not confirmed, technical charts indicate. The leading cryptocurrency jumped to a 2.5-month high of $7,788 at 06:45 UTC on Bitfinex – the cryptocurrency exchange that manages USDT developer Tether LLC. Interestingly, the stablecoin was down …

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The price of the tether stablecoin (USDT) has fallen to an 18-month low Monday, despite a general rise in the wider crypto markets. The tether-US dollar exchange rate (USDT/USD) fell to $0.925284 at 07:00 UTC  – the lowest level since April 27, 2017 – and was last seen trading at $0.967296, representing a 2 percent …

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This post was originally published here Many at San Francisco Blockchain Week 2018 are warily reflecting on the lessons of the 2017 token sale boom, the pride that came before this current bear market fall. Veteran investor and AngelList co-founder Naval Ravikant told conference goers on Monday the last “hype cycle” was a “coming of …

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Open-source coders backing the ethereum project now say its next system-wide upgrade, Constantinople, is on track for November release. Revealed in a bi-weekly developers meeting Friday, attendees said the upgrade has already been coded into all major ethereum clients, including those by the Ethereum Foundation and U.K. startup Parity, the most popular versions of the …

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After Thursday’s range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates. The leading cryptocurrency, which traded in a sideways manner since Sept. 22, fell sharply to a three-week low of $6,220 on Bitfinex yesterday, confirming range breakdown. The technical indicators on the daily chart also turned bearish, …

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This post was originally published here Advocacy versus skepticism. “Dr. Doom” versus “Captain Coin.” Whatever you want to call it, two divergent viewpoints on the topic of cryptocurrency collided before a group of U.S senators on Thursday. Economist Nouriel Roubini – famous for predicting the 2008 financial crisis testified about the blockchain and crypto ecosystems …

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Advocacy versus skepticism. “Dr. Doom” versus “Captain Coin.” Whatever you want to call it, two divergent viewpoints on the topic of cryptocurrency collided before a group of U.S senators on Thursday. Economist Nouriel Roubini – famous for predicting the 2008 financial crisis testified about the blockchain and crypto ecosystems before the U.S. Senate Committee on …

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Bitcoin’s drop to three-week lows today has likely kick-started a bearish move towards the major support at $6,000, technical charts indicate. The leading cryptocurrency fell to $6,252 on Bitfinex – the lowest level since Sept. 19 – and was last seen trading at $6,300, representing a 5 percent drop on a 24-hour basis. The failure …

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Three years in the making, bitcoin’s first sidechain “Liquid” is now live. Launched by San Francisco startup Blockstream, Liquid is arguably the most advanced implementation of a technology called sidechains that’s long been a holy grail for bitcoin coders (though what’s being launched today may be a watered-down version of the original “trustless” vision). Still, …

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This post was originally published here One of crypto’s most feared attacks may have an elegant solution. At least, that’s according to the team behind cryptocurrency project Horizen – formally zencash – which lost more than $500,000 in such an attack, called a 51 percent attack, earlier this year. This attack happens when one single malicious miner controls …

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