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Crypto Correction Sends Markets Bleeding red - $12 billion lost

A massive move during trading in Asia meant that Bitcoin has pulled back from the $8,000 mark and the rest of the market has followed without question. Over the past 12 or so hours, the total crypto market capitalisation has been crushed by almost 5 percent as it lost $12 billion. The altcoins and leading cryptocurrency are still bleeding at the time of writing losing all the progress they have made over the past few weeks. It seems the correction is fully underway. Losing Bitcoin Bitcoin has once again failed to break resistance over $8k for the third time in...

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Ron Paul: “US Dollar is Designed to be Vulnerable to Inflation”

He once ran for the US President’s chair from Congress and now, Ron Paul is staying as a critic of the Federal Reserve and Quantitative Easing (QE), which the Fed believes to be a solution to a lot of international problems. In a recent interview with Bitcoin Magazine, Paul said that Bitcoin could be a find substitutions to the US dollar which the Fed has turned into a bubble. The fall of USD Ron Paul and the Libertarian party seem to believe that he was partly provided with the foundation for emerging of decentralised digital coins like Bitcoin. Libertarians stand...

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Winklevoss: “The future of money is being built before your eyes”

There are a lot of big institutional players coming into the industry. With giant firms starting to look to crypto for the future of their business, some big names in the space like Tom Lee and the Winklevoss Twins have started to say that Bitcoin is “digital gold”, a subject that they have all pushed in the past. But now, they agree that it is the right time to actually get involved instead of sitting on the sidelines. Experts in Bitcoin and the founders of Gemini, Tyler and Cameron Winklevoss were praised for their achievements in rowing as they competed...

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Sally Ho's Technical Analysis 23 May 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, trading as low as the 7506.12 level following selling pressure that commenced during yesterday’s European session and continued through yesterday’s North American session. Today’s intraday low is just above the 50% retracement of the move from 8388.00 to 6600.00. Stops were elected below the 50-bar MA (4-hourly) at 7793.43 during the move lower, with additional Stops reached below the 7605.43 area during the descent, representing the 23.6% retracement of the 5072.01 – 8388.00 range. Given the pullback, traders are evaluating areas of possible technical Support on the downside. Below the...

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Craig Wright Copyrights Bitcoin Whitepaper

The self-proclaimed Satoshi Nakamoto, Craig Wright has filed copyright registrations for the Bitcoin whitepaper and the original Bitcoin code with the US Copyright Office. The office has seen Wright as an author, making it the first government agency to do so. Wright = Satoshi? The crypto industry, like most industries, isn’t one that can escape controversy and Craig Wright is no exception. Wright saw his claims to the crypto throne (not the iron throne though) culminate this week after he was granted copyright claims to the original Bitcoin whitepaper and software code. According to the official website of the US...

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