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…

Wallet Company Blockchain Plans $125M Airdrop of Stellar to Boost Mainstream Adoption

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Crypto wallet company ‘Blockchain‘ announced Nov. 6 that it would distribute $125M in Stellar XLM cryptocurrency to its users “to build on the crypto revolution.” The biggest #crypto airdrop—we are distributing $125M of Stellar XLM to our users to build on the crypto revolution. Sign up for the waitlist! https://t.co/XyETX72QBk https://t.co/zo18yzzlzS — Blockchain (@blockchain) November…

Ledger Nano S Announces Support for IOTA

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IOTA Foundation, a non-profit organization focused on distributed ledger technology and permissionless ecosystem development recently collaborated with Ledger, the cryptocurrency and blockchain security leader, to integrate IOTA tokens with Ledger’s secure hardware wallets for cryptocurrencies. IOTA (MIOTA) Now Supported on the Ledger Nano S Hardware Wallet Ledger hardware wallet, one of the most popular digital…

IOTA’s Trinity Wallet Launches Public Bug Bounty Campaign

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On Oct. 25, the IOTA foundation revealed a bug bounty program for their Trinity wallet is now extended to project enthusiasts and the broader cryptocurrency community, from being a third-party audit process as earlier. Bounty Campaign Opens to Public The Trinity “Public Bug Bounty” is open to independent security researchers from all sectors, encouraging professionals…

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…