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More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in China

Coinspeaker More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in China A recent report has confirmed that not only does China control a large percentage of Bitcoin’s worldwide hash rate, but most of it also comes from just one province. More than Half of Global Bitcoin Hash Rate Is […]

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Echo Launches Bitcoin Sidechain, a Weighted Approach to More Functionality

In late November 2019, the Bitcoin-based DApp network Echo announced the launch of a Bitcoin sidechain on its blockchain testnet. It framed the release as a critical step in its mission to establish decentralized financial applications that leverage BTC as a native asset for lending, trading and more.  “The launch of the Bitcoin sidechain on […]

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No More Bitcoin for Nordea Bank Employees, Experts Question the Motive

Is Nordea Bank’s controversial Bitcoin ban protecting employees from themselves or using crypto as a scapegoat? An act of paternalism or a case of generic Bitcoin (BTC) distrust? It is hard to make out the exact reasons for Nordea Bank’s ban on its 31,500 employees trading in Bitcoin or other cryptocurrencies — even on their […]

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Crypto Market Cap And Bitcoin Target More Upsides: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is now placed nicely above the $190.0B support area. Bitcoin price is holding the $7,300 and $7,400 support levels. EOS price is currently consolidating above the $2.600 level and it could rise towards the $2.85 level. Binance Coin (BNB) is struggling to gain momentum above the $16.00 and $16.20 resistance […]

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Bitcoin Investors Haven’t Lost More than $200 Despite Crash: Analysis

Any significant crash in bitcoin price tends to focus the minds of investors on money lost. However, for the overwhelming majority of investors, that isn’t actually going to be very much. As recently pointed out in an article on LongHash, out of investors who have lost money on the latest bitcoin price drop, less than […]

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Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp

Anthony Pompliano schooled gold bug Peter Schiff by pointing out that bitcoin has gained more this year than gold has in the last 10. The post Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp appeared first on CCN.com

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Peter Schiff states that pot is more useful than Bitcoin.

CEO of Euro Pacific Capital, Peter Schiff, has now stated that pot is more useful than Bitcoin while saying that they are similar bubbles. Peter Schiff compares Bitcoin with pot: Claims the latter is more useful In a Twitter post, Peter Schiff said that pot was more useful than Bitcoin as it could be smoked […]

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Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

After consolidating above $9,000, bitcoin declined heavily against the US Dollar. The price is currently trading in a bearish zone, with a close below $9,000 and $8,920. There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is […]

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Bitcoin Price Will Hit $1 Million After ‘Two More Bubbles’: Bobby Lee

Bobby Lee expects Bitcoin price to reach $1 million in five to ten years after a couple of more bubbles.  Ballet crypto wallet founder, and ex-CEO and founder of one of China’s longest-running crypto exchanged, BTCC, Bobby Lee, put forward some lofty price predictions for Bitcoin at the just concluded Malta AIBC. Bobby Lee Launches […]

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Ethereum Will Become More “Centralized and Dysfunctional Over Time”

Bitcoin developer Tuur Demeester recently took to Twitter to once again express his concerns regarding Ethereum and the project’s future. Ethereum is still the second-largest cryptocurrency, with the current price of $184.32 and a market cap of nearly $20 billion, at the time of writing. The coin also has a daily trading volume of $8.90 […]

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How Many More Birthdays Until Bitcoin Wins?

On the white paper’s 11th anniversary, we face a question: How much longer until bitcoin becomes like Twitter or Linux, something you use every day?

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Bitcoin Trading Spikes as Argentina Bans Buying More Than $200 a Month

The last week was the third most lively for Argentine peso markets on Localbitcoins, as the national currency continues its devaluation against the U.S. dollar. Argentina is back on the radar for Bitcoin (BTC) proponents after sudden capital controls cut U.S. dollar purchasing power by 98%. Central bank: $200 limit “temporary” As news outlets reported, […]

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More Whales Are Hoarding Bitcoin After Accumulating During Bear Market

A new data set has emerged that shows the growth in Bitcoin addresses holding more than 1000 BTC, and it is currently experiencing a new high following the bear market. But what does this information mean? Was smart money buying up Bitcoin from retail investors dumping their crypto at a loss? Or is the HODL […]

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More Downside in Bitcoin Before Conservative Buying Opportunity, Say Analysts

Bitcoin appears to be looking at a little more downside before it becomes a reasonable buy again, according to a pair of crypto industry commentators. Having recently rebounded from what most traders are considering the ultimate bottom of the 2018 bear market, we could be looking at a further drop then sideways trading for a […]

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Bitcoin Price (BTC) Breakdown Looks Real, More Downsides Incoming?

Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar. The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides. There was a break below yesterday’s highlighted contracting triangle with resistance near $9,800 on the hourly chart of the BTC/USD pair […]

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Alt Season 2.0: Ethereum and XRP Post 20% Gains, Litecoin and More Up 10%

At the start of 2019, altcoins like Litecoin, Ethereum, and XRP started to climb and show glimmers of hope that the bear market might finally be over, but a powerful parabolic Bitcoin rally sucked the momentum and capital right out of the altcoin market. But now that Bitcoin price is stagnating, altcoins are once again […]

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Sunday Digest: Bitcoin Price, Pantomime Season, More Craig Wright Lies

This week, US President, Donald J Trump, decided that he would like to buy Greenland, thereby completely surrounding the USA’s northern neighbor Canada. Denmark semi-politely told him to… that it wasn’t for sale. Perhaps he would have more luck buying Bitcoin? Bitcoin Price: Down But Not Out Well, when it comes to bitcoin price, arguably […]

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Crypto Investors Believe There’s More Pain Ahead For the Altcoin Market

Bitcoin has had near non stop bullish momentum throughout 2019, but the altcoin market hasn’t been near as fortunate – sans a couple of outliers. The sentiment surrounding altcoins is in the gutter, and prices of even top altcoins have continued to drop in USD value and even more so in their BTC ratios. Even […]

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Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap

Amazon stock’s market value fell by a whopping $28 billion in Monday’s stock market slaughter. Since July 18, when Amazon reported its quarterly earnings, it’s market value has declined by $103 billion. How huge is this loss? Let’s put it into perspective and then figure out why AMZN stock is getting hit so hard. Amazon […]

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Bitcoin Miners Earn More in a Day than BSV and BCH Do in 1 Year Combined

In one day, Bitcoin miners earned up to four times the revenue accrued by their counterparts on the Bitcoin SV and Bitcoin Cash networks combined. Bitcoin is King According to a Friday (August 2, 2019) tweet from “Shakepay,” Bitcoin miners earned $540,000 in transaction fees. This figure is more than four times the $130,000 earned […]

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Bitcoin Retreats While Tether Printers Churn Out More USDT

The downward slide continues today as bitcoin drops closer to support once again. Meanwhile, the Tether printers keep on churning out new currency as another 50 million USDT tokens enter the market. Bitcoin Moves on Tether Issuance Bitcoin spent most of Saturday in a downward slide, bottoming out at $10,800. From there, it rapidly rebounded […]

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Crypto Market and Bitcoin Signaling More Downsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is down more than $50.0B and it recently tested the $255.0B support. Bitcoin price is down more than 10% and even spiked below the $10,000 support level. EOS price broke the $4.50 support level and traded towards the $4.20 support zone. BCH price is down around 20% and it even […]

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Bitcoin Price (BTC) Remains Vulnerable, Risk of More Losses

Bitcoin price tested the $11,000 support level and recently recovered higher against the US Dollar. The price recovered close to the $11,900, but upsides remain capped below $12,000. There is an ascending channel forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could start a […]

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