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SEC Sues Messaging App Kik Over New Securities Offering

Yesterday, news surfaced that the US Securities and Exchange Commission (SEC) sued the messaging app, Kik for failing to register what the regulators say was a $100 million securities offering. The Commission has claimed that the app had pushed the token sale as a speculative investment and had started a ‘pivot’ to the cryptocurrency as a pretext to “salvage its ailing business.” Kik has now set up a $5 million fundraiser to support its legal fight against the commission and has even issued its response. In a press release, Kiks General Counsel Eileen Lyon said that the commission's complaint was...

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Sally Ho's Technical Analysis 5 June 2019

Bitcoin Bitcoin (BTC/USD) gained some ground early in today’s Asian session as the pair moved higher to the 7792.82 area after finding a floor around the 7427.00 area late in yesterday’s North American session. Some clues emerged during yesterday’s European session after the pair struggled for hours to move back above the 7972.00 area, a support level from 30 May that served as technical Resistance yesterday. Some minor Stops were elected when the pair briefly moved above the level, but traders were able to decisively push the market below the 7724.78 area, representing the 38.2% retracement of the move from...

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Will Miners Stick Around When All Bitcoins Have Been Mined?

One of the main features of Bitcoin is that it is limited to a supply of 21 million Bitcoins. This means that it is completely impossible to make more of the leading cryptocurrency, unlike fiat currency which can be printed. The limited supply of Bitcoin drives its value too. Although because Bitcoin is kept afloat by a network of miners who are compensated in block rewards, many people wonder what happens when all the Bitcoins have been mined. Just as we wonder what will happen when fossil fuels run out in fifty odd years, it is a scary thought for...

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Analyst: BTC Is Facing A Pull-Back & Consolidation

At the end of the day, it seems that the cryptocurrency markets have made some significant gains over the past few weeks (despite going under the $8k mark over the past 24 hours). One crypto influencer analyst, Brian Krogsard admits that things might be changing a bit in the mid-term though. The general outlook in the crypto space seems to include both further possible upsides for Bitcoin, as well as potential upcoming sideways or downward action. Krogsgard noted crypto’s largest assets might be a bit far extended, according to an interview earlier this week with Crypto Potato. “I’m in the...

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Bitcoin Cash: Coinbase Release Research On BCH 51% Attack

Researchers at one of the biggest cryptocurrency exchanges in the world, Coinbase have released their own investigate findings into the recent controversy behind the Bitcoin Cash 51 percent attack, but it seems their finding may upset a few Bitcoin enthusiasts. Following the attack on Bitcoin Cash in mid-May, a group of miners colluded to reverse the attacked blocks and return misappropriated funds to their rightful owners. The Bitcoin Cash community came under fire from supporters of Bitcoin. Although according to a blog post published at the end of last week by Coinbase, the worldwide cryptocurrency platform ultimately saw good sense...

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