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Ethereum (ETH) Might Retest $280 But Long Term Outlook Remains Bearish

Although quite unlikely, it is possible that ETH/USD might test the $280 level again and even rally towards $300 before beginning its next decline. That being said, it is not a good idea to take that trade as the risk/reward is definitely not worth it. The 4H chart for ETH/USD shows that the price is trading within a descending channel and an ascending triangle at the same time. The perfect scenario for the whales if they can pull it off would be to pump the price above the ascending triangle first to trap in retail bulls and hunt the bears....

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Stellar: Does Anyone Really Care Anymore?

The Ripple hardfork that Jed McCaleb and Joyce Kim initially released in July 2014, Stellar went down at the end of last week but the thing is, no one really cared? The founder of Post Oak Labs, Tim Swanson first brought up the network being down last week in a tweet (see below) and a representative from Stellar later confirmed its occurrence. Breaking: yesterday the Stellar network went down for about 2 hours... only those who run validators noticed it.no new transactions were added for ~2 hours.network stats:https://t.co/eSRYFPjDQi — Tim Swanson (@ofnumbers) May 16, 2019 Very few people noticed it...

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KaratGold Coin (KBC) presents a new blockchain-enabled smartphone to join the race of blockchain-focused handsets

By investing in a cryptocurrency or blockchain-associated start-up, it is necessary to make an assessment of the project in terms of its value and recognition. Literally, why a newborn coin or technology is needed, and whether people, primarily beyond the crypto hangout, are ready or not to accept it. If the investment object you have chosen fits this well, then it is likely that you are on the right path. However, don’t forget about another important indicator – the ecosystem that allows the innovation to function and keep developing. If we talk about a new coin, then it must be...

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Bitcoin (BTC) Goes Down As Gold Moves Up Amid Fears of Prolonged Trade War

Bitcoin (BTC) has had an inverse correlation with Gold for the most part but in the past few weeks we saw different. BTC/USD profited off a rally in Gold and it was made to appear that trade war concerns with China is pushing the Chinese to buy Bitcoin (BTC). A lot of people bought that narrative which was nothing more than orchestrated ploy to prop up the price of Bitcoin (BTC) short term and provide an alibi for the naked manipulated that saw a lot of retail bears end up as cannon fodder. Gold has begun its climb and is...

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Lawyers for Bitfinex & Tether Move to Dismiss Case

Both Bitfinex and Tether are hoping to get the case against the New York Attorney General dismissed, at least that’s according to new court filings published on earlier this week on 21st May. One set of the court documents show the motion to dismiss from the lawyers of Bitfinex and Tether under claims that the New York Supreme Court does not have jurisdiction over the accused in the case of the alleged criminal activity. According to the Bitfinex and Tether’s lawyers as stated in the court filings: “Neither Bitfinex nor Tether has a single headquarters or home office. Rather, the...

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