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Flash Crash Occurs As Bitcoin & Ethereum Start to Sink Once More

Well then… that bull run didn't last very long, did it? In the early hours of today, the price of Bitcoin dropped from around $7,800 to $6,700 within just minutes on the BitMEX platform. Straight after that, the price of Ethereum followed suit as it sunk below the $200 mark. The shocking drop of Bitcoin was more than likely triggered by the placement of a big sell order on Bitstamp and other big major crypto exchanges. Stop run on stamp to trigger Bitmex liquidations. pic.twitter.com/RBmtjr88mT — Light (@LightCrypto) May 17, 2019 A developer at Gnosis, Eric Conner has said: “For...

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Winklevoss Twins: the Story of Two Bitcoin Billionaires

As members of the crypto community, it’s hard to avoid the Winklevoss Twins. They are the original bitcoin billionaires, or as Ben Mezrich’s book calls them in his book, the ‘accidental’ billionaires. Mezrich tells the story of how these two brothers made an early bet on an unknown and brand new digital asset and saw it pay off years later. This alone isn’t a big reason to write a book as we basically just told you the whole story in just a sentence but Mezrich writes it a way of an ‘anthropology’ of the hype surrounding Bitcoin. Of course, on...

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Sally Ho's Technical Analysis 17 May 2019

Bitcoin Bitcoin (BTC/USD) showed some signs of weakness during today’s Asian session as traders drove the pair back around the 7764.19 level, representing the 38.2% retracement of the recent move from 6755.00 to 8388.00.  Late in yesterday’s North American session, the pair fell below the 7709.26 area, representing the 23.6% retracement of the 5512.00 – 8388.00 range.  Another key level that traders are watching is 7598.36, representing the 61.8% retracement of the absolutely lifetime range of BTC/USD. Notably, the pair is now trading below its 50-bar MA (hourly) which is now around 8007.14 and has just moved below its 100-bar...

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Bitcoin (BTC) Shorts Fall More Than 38% In A Day But Price Continues To Fall

Bitcoin (BTC)’s desperate buying frenzy seems to have come to an end as institutional investors that pumped the price begin to take profit. Retail bulls are still expecting a rally to $10,000 and the whales know that which means it is very unlikely to happen. The daily chart for BTC/USD shows the weakness in the price action as the rally has come to a halt after a parabolic run up. This rally is now very similar to the parabolic rally we saw during 2017-18. We all know how that turned out so there is no reason to assume otherwise in...

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Microsoft’s New Project Ventures into Bitcoin’s Blockchain

It’s almost an obsession at this point that Microsoft has with new technologies and blockchain is no exception. Just days after Microsoft announced its Azure Blockchain Service, it has moved onto yet another new project. Yes, it seems that Bill Gate’s giant company has revealed that it is creating a decentralised identity network (DID) which is being done thanks to the Bitcoin blockchain. This is known as the most trustworthy blockchain in the ecosystem. Through the Blockchain based DID, Microsoft is willing to let go of its software users login details. The new system running on Bitcoin’s parent blockchain will...

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