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Former Circle Exec - Bitcoin is “a lot safer now”

Two former execs at Circle have teamed up to found proprietary crypto trading platform CMS Holdings. The three have all reportedly made the decision to pitch in over $10 million. 30% is set to be invested by CMS Holdings. Following on from an article we published earlier today, two former execs at the crypto finance company, Circle and an ex exec at DRW have all teamed up to found proprietary crypto trading platform CMS Holdings. According to CoinTelegraph on 13th November, “the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter...

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Sally Ho's Technical Analysis 13 November 2019

Litecoin Litecoin (LTC/USD) fell to the 59.60 level early in today’s Asian session after trading as high as the 66.19 area during yesterday’s North American session.  The pair’s recent moves above some important technical levels have given traders some short-term optimism that some additional price appreciation could be result. Last weekend, the pair moved above the 59.97 area, representing the 23.6% retracement of the 182.35 – 22.17 range, and then moved above the 62.46 area, representing the 23.6% retracement of the 192.89 – 22.17 range. Additionally, the 100-bar MA (4-hourly) recently moved above the 200-bar MA (4-hourly), another Bullish development....

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Bitcoin (BTC) Price Action Remains Puzzling

Bitcoin is on the verge of a major decline but it was here before and the downtrend was delayed. Now that we are close to the beginning of a major downtrend, we are seeing similar manipulation as before. The market makers and the whales have become too comfortable playing these games in the absence of regulation. If anybody complains, they will just chalk it up to volatility and indecisiveness. If this was happening in the stock market, it would be a whole different story. Anyway, the BTC/USD price action remains marred by confusion. We do not have a clear direction...

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Bitcoin (BTC) Manipulation Continues To Confuse Traders Before The Big Move

After the manipulation that resulted in a 43% pump in two days when hundreds of millions of shorts were liquidated, the market makers and whales have become quite comfortable playing these games over and over. Why? There are no consequences! In the absence of regulation the big players keep manipulating the market in ways that I have not seen even in the penny stocks market. Even if regulators were to come down to investigate, they would pay a small fine and it will all be forgotten. The point is, when the stakes are this high; these games will continue to...

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Fake BTC Ads On Facebook To Disappear After Dutch Court Rules It So

Facebook must remove Bitcoin-related fraudulent investment ads after a Dutch billionaire and television producer John de Mol’s lawsuit was ruled by courts.  The Dutch court ruled that the social media giant must remove such BTC-related ads and provide all needed information. As to whether Facebook will actually release this information about the scammers is questionable. Facebook must remove Bitcoin-related fraudulent investment ads after a Dutch billionaire and television producer John de Mol’s lawsuit was ruled by courts this week against the social network. Legal Action According to a Reuters report published on November 11th this week, the billionaire started judicial...

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