Has Ethereum Bottomed Out? Report From Major Trading Firm Says So

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According to Genesis Global Trading, a major cryptocurrency investment firm that targets institutional investors, short interest towards Ethereum (ETH) has declined substantially in the third quarter of 2018. Since March, the firm loaned out $553 million in digital assets including Bitcoin and Ethereum to hedge funds and alternative investment companies. Around 60 percent of the…

Analyst: Logarithmic Chart Shows Bitcoin is on Track, $50,000 by 2021

Analyst: Logarithmic Chart Shows Bitcoin is on Track, $50,000 by 2021

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Prominent Bitcoin and cryptocurrency analyst Willy Woo recently shared a logarithmic price chart of Bitcoin created by technical analyst known as Awe and Wonder that suggests the dominant cryptocurrency is on track towards gradual recovery. The chart, which dates back to 2010, evaluates the logarithmic regression of Bitcoin, covering three 80 percent corrections the asset…

Banks Launder $2.7 Billion Every Day, Crypto Exchanges $9 Million in Two Years

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Earlier this month, Danske Bank, the biggest bank in Denmark, faced its largest scandal to date for laundering more than $230 billion. Despite the billions of dollars banks launder on a daily basis, critics are still focused on crypto exchanges. On Sept. 28, Erik Voorhees, the CEO of popular cryptocurrency exchange ShapeShift, responded to the…

Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument

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Nouriel Roubini, a Stern School professor and prominent economist, has criticized the major correction of Bitcoin and the rest of the crypto market, claiming that Bitcoin will drop to zero. Tales From Crypt-Apocalypse: Bitcoin has lost 70% from the peak; Ethereum 85%; other Top 10 crypto-currencies about 90%; the remaining crypto-zombie-currencies between 95% & 99% of…

Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?

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Ethereum prices have plummeted over the last week, experiencing a drop in value of over 30% amidst a bloodbath that has shaved $50 billion off the cumulative cryptocurrency market cap. With ETH prices hovering around the $200 mark, Ethereum co-founder Vitalik Buterin announced the end of the age explosive growth within the cryptocurrency industry. Related: Altcoins…

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

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Almost $800 million worth of Bitcoin and Bitcoin Cash has been withdrawn from wallets associated with defunct cryptocurrency “black market” Silk Road marketplace and linked to Silk Road owner Ross “Dread Pirate Roberts” Ulbricht, signaling a potential large-scale Bitcoin market dump. The Silk Road-related cryptocurrency wallet activity, first observed by cryptocurrency community members on Aug.…

BitMEX Research: Does Satoshi Hold A Million Bitcoin?

BitMEX Research: Does Satoshi Hold A Million Bitcoin?

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BitMEX Research, the think-tank of the world’s largest BTC/USD exchange, re-tackled old evidence suggesting the original cryptocurrency’s enigmatic creator may hold up to a million Bitcoin. In a post published Aug. 20, the exchange’s research division resurfaced the 2013 argument of blockchain researcher Sergio Demian Lerner — who at the time reported Nakamoto having a…

Inside OnChainFX’s Breakeven Multiple and the Winners of Last Alt Season

Inside OnChainFX’s Breakeven Multiple and the Winners of Last Alt Season

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While 2017 was a year of exorbitant gains and lavish dreams, 2018 has crashed the reality of cryptocurrency enthusiasts back to Earth. Many of the incredible gains seen in 2017 have been entirely wiped out, and those who bought at or near all-time-highs (ATH) are deep in the red. To help illustrate those losses, OnChainFX…

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

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The rise of the internet in the 1990’s brought concerns about pirated software and various illegal activities, but as internet usage grew, these concerns largely fell by the wayside. Today, we see much of the same happening to the cryptocurrency industry and its growing image problem. Shady business practices, high-profile hacks, environmental challenges, speculation, market…