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12 Bitcoin Cash-Fueled Flipstarter Campaigns Raise $1 Million

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Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading

Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading

Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly. The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and … read more.

Amid US Postal Service ‘Crisis’ USPS Files Patent for Blockchain Mail-in Voting Scheme

The United States Postal Service (USPS) is falling apart at the seams and many Americans are blaming the Trump administration. The USPS may have to deal with the U.S. election ballot process, as mail-in votes may be the dominant practice … read more.

4 of South Korea's Largest Banks to Provide Cryptocurrency Services

4 of South Korea’s Largest Banks to Provide Cryptocurrency Services

Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space … read more.

Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth … read more.

72% of Investors Will Hold Bitcoin Even if Price Falls to $0

72% of Investors Will Hold Bitcoin Even if Price Falls to $0

A new poll finds that 72% of bitcoin investors are bullish about the cryptocurrency and will hold onto it even if the price somehow falls to zero. A total of 22,635 votes were gathered for this survey. Most Bitcoin Investors … read more.

Capital One Files Patent for Cryptocurrency Market AI Prediction System

Capital One Files Patent for Cryptocurrency Market AI Prediction System

Major U.S. financial services company Capital One has filed a new patent application for a cryptocurrency analysis and trading system that will attempt to predict crypto market trends and generate trading decisions using artificial intelligence (AI). Capital One’s Cryptocurrency AI … read more.

Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is … read more.

Report: Bitcoin Untied from the Economic Cycle,'Largely Uncorrelated to Other Asset Classes'

Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’

On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a new report … read more.

Big Brother Nigeria Housemates Participate in Bitcoin Quiz, Get $500 BTC as Reward

Eighteen housemates of Nigeria’s version of Big Brother took part in a bitcoin quiz with each participant getting $500 worth of BTC as prize money. Big Brother Naija (BBN) reportedly agreed to this unusual step as part of moves to … read more.

Bitmain Retains Only a'Minuscule Lead' Over Competitor Microbt Amid Ongoing Power Tussle, Says Report

Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report

Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies, Bitmain’s Antminer … read more.

South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds

South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds

An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator follows … read more.

NSA Whistleblower Edward Snowden Was Paid $35k to Discuss Bitcoin

NSA Whistleblower Edward Snowden Was Paid $35k to Discuss Bitcoin

The notorious NSA whistleblower, Edward Snowden, was paid to discuss bitcoin and other digital assets at virtual conferences, according to a new court filing called “Edward Snowden Speaking Engagements 2015-2020.” Snowden has always been a supporter of digital currencies and … read more.

Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games

One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular … read more.

Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations

Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations

There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now … read more.

China's Bitcoin Mining Industry Impacted the Most This Year, Says Report

China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report

The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s bitcoin mines … read more.

Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018

Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018

A court in Tokyo, Japan has ordered the seizure of crypto assets that have been traced back to the Coincheck hack of January 2018, The Japan Times reported Wednesday. More than $530 million worth of the NEM (XEM) cryptocurrency was … read more.

US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia

US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia

North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. … read more.

Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Now Worth More Than a Single Bitcoin

Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the … read more.

12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years

12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years

The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights … read more.

Russia and China De-dollarization Approaching ‘Breakthrough Moment’

China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between … read more.

Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race

Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race

Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix Thoroughbreds … read more.

Hollywood Royalty Flexes Crypto-Art Goals: Ashton Kutcher Auctions NFT Digital Art for ETH

Hollywood Royalty Flexes Crypto-Art Goals: Ashton Kutcher Auctions NFT Digital Art for ETH

Actor and venture capitalist Ashton Kutcher’s first attempt at digital art, an awful piece titled “The Eye of the Beholder”, is auctioning at Cryptograph. At the time of writing, the highest bid stood at 13.26 ethereum, or about $5,400, with … read more.

Why the Rise of the CBDC Is Bad for Your Privacy

Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being … read more.

OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing … read more.

John McAfee Ditches Ghost Crypto Project: He Says It Will Fail

John McAfee Ditches Ghost Crypto Project: He Says It Will Fail

Two-time U.S. presidential candidate John McAfee has announced that he is leaving the ghost cryptocurrency project, claiming that it will fail “without a doubt” and his reputation has been damaged. His Ghost phone service, however, will be launched as planned, … read more.

Nigeria's Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US

Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US

Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well … read more.

Grayscale's Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums

Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums

This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin … read more.

Source: https://e-cryptonews.com/12-bitcoin-cash-fueled-flipstarter-campaigns-raise-1-million/

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Bitcoin shoots past $19,000 as new ATH awaits

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It would seem that there’s no stopping Bitcoin right now. A few days after the world’s largest cryptocurrency breached the much-anticipated $18,000-mark, BTC has crossed yet another milestone – $19,000. The latest development on Bitcoin’s price charts came on the back of a 6% surge in a matter of 3 hours with its current trading price at $19,060.

Source: TradingView

At the time of writing, Bitcoin was very close to its ATH of $19,665, a price level it last noted on 16 December 2017. Further, according to Messari, BTC was recording YTD returns of +158.70 percent, at press time.

Some in the community are expecting the cryptocurrency to be due for a correction soon, however, with TokenMetrics’ Ian Belina telling AMBCrypto,

“BTC is performing better than expected. While still bullish long-term due to macro-economic factors and large corporations getting into crypto, we expect BTC could correct back to around $14k by the first week of December.”

On the contrary, others are optimistic that the much-longed bull run is finally gaining steam. While the pace of BTC’s surge over the past few weeks has taken some by surprise, it should be noted that back in 2017, the world’s largest cryptocurrency took only 10 days to climb from $10,000 to near-$20,000.

The aforementioned optimism was highlighted by Fundstrat’s Tom Lee in a recent interview during which he argued,

“[BTC] It’s killing it this year, it’s just crushing all other hedges and asset classes this year [2020].”

That’s not all, however, as Lee went on to add that he expected fireworks in 2021, claiming that “the best is probably yet to come.”

Interestingly, Bitcoin isn’t the only crypto-asset surging on the charts. In fact, Ethereum, the world’s second-largest cryptocurrency, crossed the $500-mark a few days ago, with its own surge also fueled by the news that the United States’ Securities and Exchange Commission [SEC] had approved the Grayscale Ethereum Trust [ETHE] as the first public quoted ETH investment product in the country.

A few hours before Bitcoin’s $19k-breach, ETH had broken above $600 too.

Source: https://eng.ambcrypto.com/bitcoin-19000-new-ath

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XRP short-term Price Analysis: 24 November

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Disclaimer: The findings of the following article attempt to analyze the emerging patterns in XRP’s short-term market and its impact on the price

The XRP market has been grabbing all the attention in the market after being pronounced dead on multiple occasions. The cryptocurrency has reclaimed its third spot on the CoinMarketCap list, as its market cap reached $31.841 billion.

The current price of the digital asset was at $0.7704, and this point could prove a good level to open a short position.

XRP 1-hour chart

Source: XRP/USD on TradingView

The above hourly chart of XRP noted the sudden surge in the value of the asset. After being stuck under the $0.30 level for the longest time and just consolidating, XRP’s price has finally witnessed a sharp rise to the $0.7 level. However, this could also be a point of reversal for the digital asset.

Reasoning

The sudden buying of the digital asset has pushed its short-term bullishness to an extreme as indicated by the MACD indicator. The MACD line was trending higher than the signal line, noting the short-term bullishness was on the rise and has been reaching a value unseen in a long time.

Similarly, the Relative Strength Index has moved above in the overbought zone. The asset has been trending in this zone for quite some time now, and its time it noted a reversal to equalize the pressure in the market. Thus, a strong sign for the price to drop and a short position to make a profit.

Positions

Entry for Short Position: $0.7750
Take Profit: $0.4778
Stop Loss: $0.81
Risk/Reward Ratio: 9.74

Conclusion

The short-term market of XRP has been overbought and subsequently, an increase in the buying pressure is imminent. This would provide the traders with a good opportunity to short the token and benefit from the falling price of XRP. The fall may take the price till $0.4808, the visible immediate support.

Source: https://eng.ambcrypto.com/xrp-short-term-price-analysis-24-november

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Tradelax Aims to Simplify Safe Trading for Beginners

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Tradelax Aims to Simplify Safe Trading for Beginners

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Over the last couple of years, the digital financial market has grown exponentially. Multiple trading platforms have now appeared, many of which promise advanced trading tools that aid investors in achieving an appropriate degree of profitability.

Despite this aspect, numerous platforms lack sufficient openness, transparency, and security. One bad experience is bound to throw many people off, which is why it is quintessential to only work with trustworthy platforms. 

Introducing Tradelax

Such an example is Tradelax, which has often been referred to as the ultimate online trading solution for both beginners and advanced users. The platform has invested considerable resources into creating a trading interface boasting the ability to invest in over 200 financial instruments. These include, but are not limited to stocks, indices, commodities, cryptocurrencies, and fiat currencies. 

Since Tradelax aims to cater to novice users, the team is always happy to guide newcomers in making the right trades. Users are still expected to carry out their own due diligence when choosing an instrument to invest in, but this guide provides a starting advantage.

How Tradelax Is Getting Ahead of Its Competition

By leveraging Tradelax’s Stock Screener feature, users can easily filter out unnecessary data on specific companies. In doing so, traders can learn more about instruments they’re considering investing in. For instance, companies can be arranged in specific orders, either by their growth rate, market capitalization, or stock value for a predetermined period.

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The Live Market Data function provides users with a detailed overview of numerous global markets, thereby aiding efficient comparisons and decision-making. Customers can learn more about the current open, high, low, and closing values of companies they follow. 

Forex enthusiasts will certainly come to appreciate the Forex Heat-Map tool, which provides a real-time overview of global forex trading activity. This map becomes incredibly useful, especially when users need to learn more about which currencies are becoming more valuable and which ones are weakening. A side-by-side comparison can therefore be made, thus aiding confidence-based trades. 

The trading interface is well-designed and features multiple tools that can be used to make quick and secure trades. As expected, the platform also features cryptocurrency trading. Capitalization on positive and negative market developments is highly-efficient, but users must carefully consider their positions due to the inherent volatility associated with the cryptocurrency market. While the risk factor is definitely higher, Tradelax customers can also expect a much better return whenever they make smart trades. 

Introducing a Fully-Fledged Account System

At this point in time, the platform supports four different account types. These are a starter, advanced, expert, and VIP. 

Each account type comes along with its own advantages and disadvantages. For instance, the starter account is best suited for beginners, since users obtain floating spread, a lucrative bonus policy, alongside a personal account manager that’s ready to offer appropriate guidance. On the other side of the spectrum, the VIP account provides multiple other benefits, such as negotiable spread, one-on-one trading, and the undivided attention of an executive account manager. 

How Safety and Security Are Constantly Assured

Tradelax values customer privacy and security. In response, the platform has adopted a plethora of security protocols meant to ensure that customer funds remain safe at all times. Furthermore, the site features a 128-bit SSL Encryption, so all data sent through the platform is secured. 

Regarding its availability, Tradelax is a global broker and can accept clients from most countries worldwide. A notable exception is the USA, where due to specific US regulations, American clients aren’t allowed to join Tradelax.

Bottom Line

Based on these aspects, Tradelax is actively introducing new trading tools meant to facilitate a profitable and pleasant trading experience. With over 200 financial instruments to pick from and the constant guidance of account managers, it only makes sense that Tradelax is a preferred solution by both beginners and advanced traders.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/tradelax-aims-to-simplify-safe-trading-for-beginners/

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