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Microsoft’s Next Big Move For Bitcoin

Leading tech giants Microsoft, the company responsible for the format of modern computers and of course, Windows, aren’t strangers to Bitcoin and blockchain technologies. As a matter of fact, the founder of Microsoft, one of the most prolific tech-figures in the world; Bill Gates is often found to be talking about Bitcoin and other cryptocurrencies, though his feelings on Bitcoin are a little unclear - Gates often remains cryptic in his messages. Even so, Microsoft themselves have been working on blockchain based projects for some years now, it’s actually quite uprising they haven’t branched into the production of their own...

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Sally Ho's Technical Analysis 19 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session and lifted higher to the 7578.75 area, not too far below the 50-bar MA (4-hourly). During yesterday’s European session, the 50-bar MA (4-hourly) was toppish for several hours and then traders were unable to move the price above the same barrier during the North American session. The pair is still trying to claw back the losses it incurred following its sharp move lower two days ago. Above current price activity, the 7709.26 area is a key level that traders continue to focus on, representing the 23.6% retracement of...

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Consensus 2019: Institutions Join Space BTC Market May Boom

2019 Consensus - Institutions’ Joining Crypto Market May Boost BTC to $10,000 The Bitcoin price increased from $3,500 to $7,000 over the past few weeks and has now breached the $8,000 mark, hitting its highest position of $8,343 for the first time since July 2018. Did the crypto winter come to an end? What will be BTC’s next price target? BTC May Surge to $10,000 along with Institutions’ Joining Crypto Market Early this week, cryptocurrency entrepreneurs and investors around the world came to New York to join the Consensus Conference, organized by CoinDesk. Apart from the content in the conference,...

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Crypto Startup Working Towards Adoption for Major US Brands

Flexa is a startup that has some of America’s biggest retail brands to use its payment-processing network that will let consumers buy goods and services with cryptocurrency. Some of those brands include: “Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate and Barrel, Jamba Juice, Lowe's, Nordstrom, Office Depot, Petco, Regal Cinemas and Amazon's Whole Foods Market.” As it says on the website: “Flexa is a new payments network, built using cryptocurrencies, that brings buyers and sellers closer together in order to cut processing cost, eliminate fraud, and preserve your privacy.” When it comes to cryptocurrencies, a...

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Sally Ho's Technical Analysis 18 May 2019

Bitcoin Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session and traded as high as the 7441.66 level, having orbited its 50-bar MA (4-hourly) since early yesterday. Traders are still discussing yesterday’s so-called flash crash that saw the price dive to the 6600.00 figure after many Stops were elected on the way down. BTC/USD came off approximately US$ 1,340.75 in less than three hours and at one point fell US$ 1,000.00 in about eleven minutes. During the acute downturn, Stops were elected below the 6730.01 and 6677.81 areas, both of which represented retracement levels that easily gave way and...

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