Bitcoin’s Latest Buying Streak Could Mean a Rise in Prices

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The latest data shows that Bitcoin is in its longest buying streak in six months. Experts say that the coin could continue to see rising prices following last year’s brutal 74 percent decline. New Year and Renewed Optimism Despite many predicting the demise of the world’s largest cryptocurrency, bitcoin has continued growing. Jameson Lopp, the…

BlockTower Capital to Lose $1 Million After Betting Bitcoin Would Hit $50,000

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BlockTower Capital, a hedge fund which manages more than $130 million in client assets, made a $1 million bet last year that Bitcoin’s price would go above $50,000 by the end of 2018. The Hedge Fund is expected to lose over $1 million in options by the end of the week. A Bitcoin Bet Gone…

Bitcoin and Cryptocurrencies Pull Back While Dow Experiences Record-Breaking Rally

Bitcoin and Cryptocurrencies Pull Back While Dow Experiences Record-Breaking Rally

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Bitcoin and the cryptocurrency markets are experiencing moderate pull-back while the Nasdaq, S&P 500, and the Dow erase their Christmas losses. Bitcoin and other cryptocurrencies experienced a strong rally leading up to Christmas, with total market capitalization surging from $122 on Wednesday, Dec. 19th to $146 billion on Christmas day, Dec. 25th; an increase of…

New Evidence Suggests Tether Does Not Have the Dollar Reserves It Claims

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Reports from the Central Bank of the Bahamas indicate that Tether Ltd. may have never deposited funds into the country. These findings could suggest that Tether may be holding their reserves elsewhere, or not have any reserves at all. In either case, the results could be catastrophic for the cryptocurrency markets. Investors have become increasingly…

Bitcoin Obliterates $4000 Support Level; Market Loses Another $18 Billion, Altcoins Reeling

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Within the last 24 hours, Bitcoin has once again made a dive through a historic price support after dropping 14 percent, puncturing its $4000 support-level and settling at a yearly low of $3800. In the last ten days, BTC has taken a beating, bringing down most of the market. Having experienced its third major drop…

Why It’s Overkill to Compare the Bitcoin Slowdown With History’s Biggest Bubble Bursts

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Skeptics forecasted it saying the crypto crash was inevitable; die-hard crypto enthusiasts called it fear to monger with a tint of hidden agenda. Skeptics seem to be having the last laugh–for now, at least. Especially after the latest Bitcoin nosedive prompted investors to weigh the asset class with some of history’s most spectacular asset bubbles.…

Ripple’s Success: Why XRP Held Fast Amidst the Crypto Market Meltdown

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XRP has proven a safe harbor during this week’s market downturn. Ripple’s strategic partnerships, technological advancements, and community enthusiasm have allowed the cryptocurrency to gain footing in the market, resulting in a stellar 2018 performance. In the last seven days, the markets have plunged by 18 percent. Yet, XRP has fallen a modest 3.2 percent.…

Ethereum’s New Serenity Protocol Lowers the Cost of Running Staking Nodes

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Ethereum’s new Serenity update, which will enable the network to transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus model, has been generating a lot of hype in 2018. Apart from addressing the problem of scalability, the new chain also drastically reduces the cost for running a staking node in Ethereum 2.0, it was…

Ron Paul Twitter Survey: 50% of People Prefer Bitcoin as a Long-Term Investment

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In a recent Twitter poll issued by retired United States politician Ron Paul, half of the respondents indicated they would choose Bitcoin as a long-term investment over treasury bonds, Federal Reserve notes, and even gold. Ron Paul is a retired Republican and Libertarian politician, three-time presidential candidate, and former congressman of Texas’s 22nd congressional district.…

Bitcoin Plunges to $5400: 12 Month Low, Market Sheds $25 Billion

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Bitcoin hits a historic 12 month low of $5400. The pre-eminent cryptocurrency has cratered 11 percent just within the last four hours. The enormous drop in price appears to be driven by major Bitcoin and derivatives exchange BitMEX, representing 34 percent of 24-hour market volume. The bear market continues. Following the hysteria experienced during the…