Monthly Archives: August 2018

Bitcoin Falls to $6,050, Establishes New 1 Month Low

When many thought it couldn’t get much worse, it did, with Bitcoin recently falling by over $300 in the matter of an hour. As of the time of press, Bitcoin sits at the price of $6,050, following an influx of selling pressure, with the sell-side sentiment quickly cascading throughout the market. On some exchanges, like the Europe-based Bitstamp, Bitcoin even spent some time under the $6,000  price level, as the order books on that exchange might have been too shallow to handle this influx of sell-side volume. […]

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Bitcoin Price Analysis: Supply Still Outweighing Demand as Prices Dip

Over the last two weeks, bitcoin saw its longest streak of red days since 2014. The volume was modest and expansive on the drop as the price managed to lose 25% in value in just 10 days. At the time of this article, the market is testing the strength of the support near the bottom of the macro trading range (TR): Figure 1: BTC-USD, 1-Day Candles, Macro Trading Range As noted in several previous articles, this is a very important stronghold for the bulls. If support does […]

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Huge Demand for ‘P2P’ Crypto Trading Seen in India After RBI Ban

Exchange-escrowed trading directly between cryptocurrency buyers and sellers is growing in popularity in India following the crypto banking ban imposed by the country’s central bank. One local exchange, in particular, is seeing “tremendous” response from Indian traders for this service as “tens of thousands of new users have signed up” in a month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Indians Warming Up to New Solution Since the country’s central bank, the Reserve Bank of India (RBI), banned banks from providing fiat service to crypto […]

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Crypto Markets Attempt Recovery, Bitcoin Circles $6,500 Support

Crypto markets are today tentatively holding gains as they stake their recovery from the week’s earlier plummet. August 10: Crypto markets are tentatively holding gains today, as they stake their recovery from the week’s earlier plummet. On August 8, total market capitalization had shrunk to $219 billion –– its lowest level since mid-November 2017 –– but today has seen that figure peak as high as $233 billion. Market visualization from Coin360 Bitcoin (BTC) is attempting to hold the $6,500 support at press time, trading at around $6,485 […]

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Op Ed: Exploring the SEC’s New “Sufficiently Decentralized” Test

The regulators have awoken. SEC Director William Hinman introduced novel concepts to the securities law analysis such that sellers of digital assets may have an escape valve. Yes, even if their initial sale triggered securities laws, later sales may not. The industry should not move forward without careful exploration of these concepts. First order of business: Can digital assets change their colors? As outlined by Global Digital Finance, a digital asset can be a financial asset token (potentially coded as a security), a payment token (Hinman used […]

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The PGA Falls Victim To Bitcoin Ransomware Attack

While cryptocurrency prices have taken a tumble, with valuations falling by upwards of 70%, ransomware still seems to be a medium of attack for cryptocurrency-focused hackers. As per an article from Golfweek, the Professional Golfers Association, a group of the best golfers from around the globe, has fallen under a cyberattack. The report from the golf news source pointed out how “shadowy bandits” locked PGA officials out of essential files, with this attack coming prior to two upcoming PGA Championships in the U.S. and France. The news […]

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On-Chain BCH Used in a Submarine Swap for Off-Chain BTC

This week an individual revealed he had completed the first trustless swap by trading on-chain bitcoin cash (BCH) for off-chain bitcoin core (BTC) using Alex Bosworth’s submarine swap protocol. Also read: Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent On-Chain Bitcoin Cash Submarine Swapped for Off-Chain BTC The decentralized cryptocurrency bitcoin cash (BCH) was traded over the Lightning Network this week for off-chain bitcoin core (BTC). According to an individual on Reddit named u/Darkdeepths, he says he’s been fortunate to see Bosworth’s submarine swap testing and […]

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This week in Bitcoin- 8-10-2018- Fractionally-reserved BTC? Venture Capital in crypto? BCH Dilemma

Los Angeles, CA- There are three special guests on the show today and their backgrounds will help guide the conversation about the events of this week in bitcoin. Josh Nussbaum will give us the Venture Capital perspective on the current state of the crypto ecosystem. Do the big players shun BTC for more centralized aspects of crypto or do they want to be involved with companies that focus on BTC? Blake Anderson will give us the technical perspective on the events of the week. Michael Krieger brings […]

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Bitcoin 2049 – Back to the ETF!! – SBS & AngryDentist

Tonight for One Night Only…… Due to popular demand RocknRoller Crypto Og’s Shem Booth-Spain & “Angry Dentist” will be discussing the Bitcoin ETF, What it is, how it works and futures, Bitcoins a proto global currency and a small ecosystem, What dynamics are effecting it, This is the future. Welcome to BITCOIN 2049…. Help us save the world… one byte at a time… Bitcoin tips & donatations – 3F8erF5m7rXTddbxeeVWdw53RnYfd8as5q Tweets by ShemBooth1 https://twitter.com/ Powered by WPeMatico

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Turkish Lira tumbles 15% – Bitcoin Talk Show (Skype WorldCryptoNetwork, (518) 600-1949)

Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Support the Show: https://www.patreon.com/madbitcoins Listen to WCN Audio Podcasts: https://itunes.apple.com/us/podcast/world-crypto-network/id825708806?mt=2 Call Us LIVE! SKYPE WorldCryptoNetwork Check out the brand new http://WorldCryptoNetwork.com/ Follow WCN on Twitter: https://twitter.com/WorldCryptoNet Powered by WPeMatico

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