St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

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The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall…

Coinbase Ventures Backs $3 Million Round for Trading Data Startup Nomics

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Nomics has raised $3 million from Coinbase Ventures, DCG and more for its plan to index 95% of all crypto trading data points.

Google Searches for ‘Bitcoin’ Just Hit Their Highest Level Since April

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The number of Google searches for bitcoin has seen a notable uptick this week, now recording its most searches worldwide since last April.

Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH

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Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH. Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs  BCH Posts All-Time Lows BCH has continued to produce…