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Ethereum (ETH) Ready For Its Next Downtrend As Price Tops Out

Ethereum (ETH) has just faced a strong rejection at the top of a rising wedge that it has been trading in since December, 2018. This rising wedge is at a massive risk of being broken to the downside any time now. What follows after the break down will be very quick which is why the whales keep on delaying the decline because the current market cycle has to be longer than the previous one. Even the people who have been manipulating the market for a while now are trying to get more sophisticated to make things appear more reasonable in...

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Litecoin: New LTC Partnership Can Help Boost Mainstream Adoption

When it comes to mainstream adoption, the process is a very slow one. It will most likely be a decade or more until we can see the impact that cryptocurrency has on mainstream applications and businesses. One thing is for sure, is that a lot of crypto enthusiasts are eagerly anticipating the day when it happens. Looking outside of Bitcoin, Litecoin is one of the biggest digital assets in the space which is seemingly doing a lot for mainstream adoption. Most recently, the creator of Litecoin, Charlie Lee has made waves with the blockchain-based hotel booking platform, Travala.com. So, despite...

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Rumours Spark On eBay’s Journey to Accept Cryptocurrency

Its been a bullish few weeks for the cryptocurrency space and this week doesn’t seem any different. Just as Bitcoin surpassed the $7k mark over the weekend, the US-based e-commerce giant, eBay is rumoured to make an entrance into the crypto space after a leak online. After Consensus ads leaked an eBay banner with the slogan “virtual currency. It’s happening on eBay”, things seemed to kick off in the crypto world. You can see the banners here. "Leaked from Consensus, eBay possibly announcing the support of cryptocurrencies on their website." - @PatronsOfTheMoon Telegram. #share #bitcoin #cryptocurrency pic.twitter.com/xqbpdysUic — wolf (@ImNotTheWolf)...

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Bitcoin (BTC) Could Fall At Least 60% From Current Levels

The Bitcoin (BTC) frenzy is in full swing as the price continues to trade above $7,000 even though it closed the week below it. The number of margined longs keeps on rising on exchanges as analysts and industry leaders euphorically talk about the possibilities of a new bull run this year. Some expect the price to fly to $20,000 while others have even more bullish targets. The irony is that most of the bulls did not even expect this rally, but now that it has happened they are following along without thinking about what this could mean. BTC/USD broke straight...

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$30m Being Spent on Ethereum Side Projects

At the end of last week, during the ConsenSys’ Ethereal Summit, the Executive Director of Ethereum Foundation, Aya Miyaguchi, revealed their plans to support the overall ecosystem development by spending around £30 million on several different projects over the course of 12 months. This funding will be used to improve the current PoW algorithm of Ethereum 1.x, the general core support and development to enhance the overall performance and security of Ethereum. In addition to this, they are also planning to organise ‘hackathons’ - sprint-like event but for computer programmers - and ensure better development of relations to allure programmers,...

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