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What Goes Down, Must Come Up

Another day, another gloomy outlook. The cryptocurrency markets are looking worse for wear today, with the majority of currencies down for yet another consecutive day. We are seeping into deeper and deeper territory at the moment, with little damage control carried out, many of the major currencies are at risk of falling below significant values, values that may provide some resistance when the markets decide to rise up once again – something that is of course likely to happen, eventually. This downwards trend has peddled the markets since the middle of May, now, as we approach the end of May...

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Steem (STEEM) Holds Ground Amidst Bitcoin (BTC) Sell Off

Most altcoins recorded double digits losses today as Bitcoin (BTC) sell off continued to drag the crypocurrency market to an overall market cap of $346 Billion, down from $813 Billion in January. However, Steem (STEEM) stood out among other altcoins by holding ground. It recorded a meager 3% loss while most crypocurrencies fell by 10% or more. Steem (STEEM) is not the only cryptocurrency to exhibit such behavior. In the recent past, we have seen other utility coins with practical use cases do well even in bad times. A good example is Binance Coin (BNB) which usually holds ground even...

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Bitcoin (BTC) Is In A Life Or Death Situation

Bitcoin (BTC) is currently under heavy pressure from sellers. The price seems to have found support around the $7,800 mark that coincides with the support line of the triangle, but the volume is fading and buyers are nowhere to be seen. However, this does not mean that the bears are in full control. Bitcoin (BTC) closed the previous day above the support line after a long tug of war. This did scare most bears which resulting in most closing their Bitcoin Shorts (BTCUSDShorts) to lock in profits. This development was expected considering Bitcoin (BTC) had to go lower to retest...

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Is This Why Bitcoin Became So Huge?

Bitcoin is the currency of the day. If you mention ‘cryptocurrency’ to a lay person, they may act confused and unsure of what you’re talking about. Say ‘Bitcoin’ though, and its likely the same person, will at least understand you are referring to a sort of digital money. Whilst many people still struggle to understand the concept behind the blockchain and cryptography, the premise of Bitcoin is becoming common knowledge - it’s a form of digital money that is not controlled by a government, it is used as a currency and as a form of investment, on a very simple...

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Argentinian Bank Replace SWIFT With Bitcoin Transfers

SWIFT is a money transfer service, one with such a huge scope, it is causing trouble for cryptocurrencies that wish to break into the money transfer and cross-border payments market. Services such as Ripple believe they are the future for services such as SWIFT, however, until Ripple can give people a reason to stop using SWIFT, it seems that the traditional FIAT transfer system will continue to rule. According to new reports out this week, a bank in Argentina has started to use Bitcoin as an alternative method for cross-border money transfer, over SWIFT, the service used previously. Banco Masventas...

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