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Bitcoin (BTC)’s Next Downtrend Might Coincide With A Fall In The S&P 500 (SPX)

Bitcoin (BTC) is on the verge of a sharp decline but it keeps stalling that move. Yesterday’s bullish S&P 500 (SPX) close gave Bitcoin (BTC) more reason to do that and we have seen in the past 24 hours, the price has practically done nothing. We are now very close to seeing a sharp decline below the horizontal support at $8,046.51 and I for one would not be surprised at all to see BTC/USD nosedive even below $7,000. In my opinion, if we see a decline, we see a sharp decline from here otherwise the price will trade sideways if...

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Is the Crypto Ratings Council Biased?

The chief legal counsel at major United States digital wallet and platform Coinbase, Brian Brooks has just responded to the worries and conflicts of interest which could impact the firm’s newly formed Crypto Ratings Council. Speaking in an interview earlier this week, Brooks addressed the critics who claimed the council’s compliance guidance which could be affected by the private stakes of those involved. In the past, the Coinbase platform has clarified that the results brought forth by the council are designed to serve as a “scalable, points-based rating system,” drawing upon yes-no questions formulated on the basis of the United...

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Blockchain Pro US Candidate’s Unusual Method of Winning Voters Hearts

In an attempt to gain more voters for The 2020 US election, Presidential candidate Andrew Yang showed off his skateboarding skills at a recent Yang 2020 rally in Las Vegas Wednesday. The New York businessman wooed the crowd with some sick moves on a supporter’s heels. Despite being a bit sketchy in places, someone had filmed the footage and posted it to Twitter which encouraged David Burge (Iowa Hawk Blog) to respond simply with “RIP Beto.” For context, Beto O'Rourke, the former United States Representative is one of Yang’s rivals in the upcoming 2020 election.  This rivalry between the two...

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Sally Ho's Technical Analysis 4 October 2019

Bitcoin Bitcoin (BTC/USD) depreciated to the 8086.66 level early in today’s Asian session as the pair fell back below the 8118.00 area, a short-term level of technical Support.  The pair had shown some upward bias above the 8000 figure following last week’s crash to the 7712.45 area after cratering below the psychologically-important 10000 figure.  Technicians continue to eye the 8505 and 8692 levels as upside price objectives above which buying pressure must emerge if the 8995 area will be challenged, representing the post-crash high after the 10000 figure gave way. Chartists are also interested to evaluate price activity around the...

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Is Bitcoin Leading An Environmental Crisis?

When new technologies emerge, they are often hazardous to the environment, simply because when a prototype for a new technology is designed, environmental efficiency may not always be at the fore of the designers and developers minds - they just want to get their product finished, no matter what the cost. Bitcoin is no exception to this. Bitcoin is a powerful tool, one that promises to reshape the financial industry, indeed, it’s already made steady progress toward doing this. Bitcoin is a store of value that can be used to transfer funds, hold funds and even make money through investment....

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