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Hester Peirce Tells The SEC To Back Off From Bitcoin

Hester Peirce, Head Commissioner at the SEC, now known as ‘Crypto Mom’ has again spoken out against the SEC’s aggressive stance on Bitcoin. Peirce is well known for her bullish stance on cryptocurrency and is often seen as the one remaining glint of hope within the SECs structure, an organisation that looks to be taking a very negative stance on cryptocurrencies. Peirce believes that both cryptocurrency and blockchain technologies are part of a growing revolution and that they are ultimately beneficial and will have a positive impact in the long term. She believes that Bitcoin is still in its early...

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Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)

Cardano (ADA) has finally touched the bottom of the pitchfork formation it has been trading in. The above chart for ADA/BTC on the daily time frame proves that sometimes it is best to let the market run its course rather than to enter a position and wish for a miracle to happen. When Cardano (ADA) entered the last segment of the pitchfork formation against Bitcoin (BTC), few analysts might have expected it to fall all the way to the bottom because that would have meant a break of market structure for Cardano (ADA) against the US Dollar (USD). However, as...

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$2.5 Trillion Fidelity Investments To Offer Crypto, Blockchain Products

Wall Street is realizing the power of crypto. Fidelity Investments CEO Abigail Johnson announced on Friday that the fourth-largest asset management firm in the world with $2.5 trillion in assets under management plans to roll out cryptocurrency and blockchain products and services by end of 2018. "We’ve got a few things underway, a few things that are partially done … We hope to have some things to announce by the end of the year," said Johnson at Boston Fintech Week 2018. Abigail Johnson is chairman and CEO of FMR, LLC, the parent company of Fidelity Investments. The firm has 27...

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Bitcoin (BTC) Is Losing Dominance To Rapidly Growing Altcoin Market

Bitcoin (BTC) dominance is on a steady decline. Since the evolution of the altcoin market in 2017, we have seen Bitcoin (BTC) drop from its historical dominance levels towards new lows. The trend is expected to continue for the foreseeable future. This is a favorable development for the crypto community as a lot of good projects will continue to receive the funding they need to contribute to the blockchain industry. Bitcoin (BTC) had a long span of absolute dominance since its inception. Ethereum (ETH) on the other hand enjoyed dominance for a little while as it profited directly off Bitcoin...

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55% Of Bitcoins Are Deposited In Million-Dollar Wallets: Study

Early investors of cryptocurrencies are reaping the benefits of an entirely new category, especially holders of Bitcoin (Crypto: BTC). Turns out, most bitcoins (55%) are deposited in digital wallets that have at least 200 coins. These BTC addresses are valued at more than $1 million USD when the cryptocurrency is at $5,000 or higher, according to research by Diar published this week. The firm finds that 25% of bitcoins are held by long-term investors; 30% are lost and illiquid; 17% are held as speculative investments; 15% are located in exchange wallets and 13% are transactional. Many Bitcoin holders have been...

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