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Weekly Roundup: What’s Happened with Binance, BTC & XRP This Week?

Well then, this week has been particularly exciting for the crypto space. Not necessarily in a good way either as one of the world’s biggest exchanges, Binance experienced a security breach but luckily this didn’t stop Bitcoin from surpassing the $6k key resistance level. On top of this, we also saw Ripple launch the new 4.0 update which is helping more banks integrate the xRapid system. Ripple 4.0 The Chief Technology Officer at Ripple Labs, David Schwartz has said that the latest version of its cross-border payment solution xCurrent is now live. Now as we know, Ripple has over 200...

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Bitcoin (BTC) Triggers Desperate Buying With Another Rally

Bitcoin (BTC) has once again got the bulls excited with another rally. The price is now trading above $6,300 is a parabolic manner. The daily chart for BTC/USD shows that the price has yet to break past a critical trend line resistance, but more important than that the horizontal resistance zone is extremely likely to push the price down anytime now. The price will have to fall below the rising wedge sooner or later and when that happens, the bears will take over fast. At the moment, it appears that the bulls are in charge and the price could just...

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Binance Improve Security and Fight On Despite Hack

The Binance exchange has had a tough week, there’s no denying it. But they recently came out to say that they are taking a look at their security after they lost 7,000 Bitcoins worth more than $40 million in a hack earlier this week. There will be some significant changes to its application programming interface, withdrawal validation and two-factor authentication systems. The CEO of Binance, Changpeng Zhao said in a blog post published today (May 10th). “We are making significant changes to the API, 2FA, and withdrawal validation areas, which was an area exploited by hackers during this incident. We...

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Morgan Creek Capital Founder Claims BTC Will Reach $400k in Ten Years

In a recent with Layah Heilpern, the Founder of Morgan Creek Capital Mark Yusko explained that Bitcoin is on a path towards $400,000. Yes, you read that right, Yusko predicts a high of $400,000 which he claims could happen in ten years time, or even more. You can watch a snippet of the interview here. It was truly a pleasure interviewing @MarkYusko on @BloxliveTV . He predicts #bitcoin will reach highs of $400,000 🚀💥🤯👇Take a look at how and when below👇Mark, thank you so much again! Full interview here: https://t.co/JZsYoOLjED pic.twitter.com/n0WZPTLRER — Layah Heilpern 📺 (@LHeilpern) May 9, 2019 Digital...

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Roubini Claims BTC is a Sh**coin Despite Price Gains

Despite there being a lot of people out there that love Bitcoin and the potential it holds for the future offinances, there are also a lot of haters of the leading cryptocurrency. One of those haters is the New York Economics Professor, Nouriel Roubini, who has made it abundantly clear that he doesn’t like Bitcoin nor does he care about the price. Roubini spoke at the recent SALT Conference in Las Vegas, Nevage where he described Bitcoin a “sh*coin”, which is a popular term within the crypto space as a pejorative descriptor of cryptocurrencies with questionable economic merits. The Professor...

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