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Ripple (XRP) Poised For A Decisive Breakout By Weekend

Ripple (XRP) has formed a descending triangle but inside that triangle, it has formed a falling wedge. So, which way is the price going to break out? Well, under the present circumstances the probability of the price breaking to the upside is a lot higher. If that happens, we should be able to see XRP/USD climbing towards $0.50 around late December. The price is still in a downtrend long term and is yet to break out of the descending channel it is trading in. That being said, the chances of a reversal at this point are very high, even if...

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How Bright Is Bitcoins Future?

With Bitcoin dropping significantly now, it seems like the end is in sight as the leading cryptocurrency has moved below the $3,700 region pulling the rest of the crypto market along with it. That being said Bitcoin SV seems to be the shining light of the day, as it surpassed EOS for a short time earlier on. With the continuous drop of Bitcoin, many investors are left worrying about the digital assets in the crypto space moving to nothing entirely. Nevertheless, there are some analysts and experts out there who believe that the digital asset has a built-in safeguard to...

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Singapore Residents Lose $80K To Bitcoin Scam

Just under $80,000 was lost due to cryptocurrency scammers in Singapore earlier in the year after they used a number of strategies which involved the spreading of false information regarding phoney online investments, designed to bring in investors. A new report has revealed that the scams were specifically designed to reel in residents of Singapore by using local celebrities who ‘endorsed’ the scams. This was most likely done without their consent. According to CCN, “local police stated that the basic format of the scam involves the use of online articles which function as recruitment material for investors who do not...

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Foxconn And Ethereum Classic (ETC): A Match Made In IOT (Internet Of Things)

Chart for ETC/BTC (1W) A cryptocurrency is judged based on the number of Dapps or partnerships it has in this market. If it is a ‘centralized’ cryptocurrency like Ethereum (ETH) or Ripple (XRP) their teams announce those ‘partnerships’ and we hear about it. However, if it is a decentralized cryptocurrency like Ethereum Classic (ETC) there is no one to announce any partnership because nobody owns Ethereum Classic (ETC) and we have to do our own digging. How would it look if a group of developers working on Bitcoin (BTC) announce that they have partnered with Newegg or Starbucks to accept...

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New Techniques Deployed To End Bitcoin Pump & Dump

With the markets sitting in a very volatile state, the risk of a large pump and dump is at an all time high. Simply put, falling Bitcoin prices means that investors are currently very vulnerable. Realistically speaking, since a large majority of the Bitcoin market is owned by a minority of wallets, investors can get together to buy in bulk and then sell in bulk in order to pump and dump. The benefits of this are simple - they control the majority of the market so can buy at the best price, and can agree a time to sell, at...

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