Jews Launches A New Crypto Currency
Bitcoin’s February rally just crossed another milestone on Tuesday when the flagship cryptocurrency touched the $4,000 mark for the first time in more than a month. The crypto market had entered the US trading session on an incline, building upon the gains it consolidated following its last jump on Feb. 8. Shortly after 14:40 UTC, one or more major buy orders caused the bitcoin price to surge, enabling it to touch the $4,000 level before settling back to a present value of $3,955 on Bitstamp. That move brought bitcoin to a 40-day high, as Jan. 10 marked the last time
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The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500
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A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post. 30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and frauds? Victims report alleged blockchain mining scam https://t.co/W0dgXJ54j3 — Bangkok
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In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume
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Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner doesn’t have to be a single outfit, to ask if an attack “is developing.” Three Pools Control Far More Than Anyone Else in Bitcoin
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EOS, the Enterprise Operating System, which was developed by Block One, saw a huge increase, more than double that of Bitcoin by percentage, in the past couple days. The base token had been pushing the $3 mark while Bitcoin bumpered around inside the $3600 range. When the Bitcoin price broke upwards last night, EOS went along with it – importantly, fiat markets didn’t adjust to the increased value of Bitcoin, but instead followed suit. As the one-day chart above shows, EOS is far above the important $3 mark, resting comfortably at $3.50 after over $2 billion in volume. Comparing markets,
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Bitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it. It’s green everywhere you look. Even Bitcoin SV is on the rebound, resting at $68 after $155 million in trades. Of the top 100 cryptocurrencies, only 4 were showing a negative 24-hour change. One was Paxos Standard. We should expect a high amount of conversions to be going on with stablecoins today, a lot of turbulence in the market capitalization, as people get their money into various
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Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in the cryptocurrency market of South Korea, told a local publication in an interview that institutional investors are key in increasing the inflow of capital into the new asset class. In the past, prior to 2018, Hwang emphasized that it was virtually impossible for institutions to
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Germany ― Europe’s largest economy ― may be hopping on the bitcoin bandwagon as it explores how to deploy blockchain across various industries. The German government has launched a consultation process in a bid to formulate a comprehensive blockchain strategy before the summer begins. Berlin is a tech hub that’s home to 170 startups that could use blockchain, the technology underpinning bitcoin. Government sources told Reuters that industry groups and companies have been invited to offer their recommendations for incorporating blockchain to bolster the German economy. Sources say there is keen interest from tech investors and market participants from a wide
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The Bitcoin market came back on its bullish track during the February 18’s trading session. The Bitcoin-to-Dollar rate (BTC/USD) on Monday established an intraday high towards 3917, up 8.08% since the open. The pair rallied through the Asian session and continued its upside momentum after the European market opened. Around 1600 UTC, BTC/USD also broke through a strong resistance trendline of the medium-term triangle pattern discussed in our Bart Simpson analysis. Have a look: Last week, we had left the Bitcoin market in a bias conflict. The cryptocurrency was forming what looked like a bull flag. Nevertheless, as the flag
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It’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets. Cambridge was quoted in Bloomberg on Monday as saying: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.” That’s a remarkably on-point statement in a space
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Spain’s second-largest bank, BBVA, has aggressively frozen up to 5,000 accounts without warning. Many of the accounts belonged to Chinese clients, leading to cries of racism. The bank, however, claims it was acting on Spanish anti-money laundering rules. Spain's second-largest bank has apologized after hundreds of Chinese customers accused the group of racism for freezing their bank accounts without warning https://t.co/3in4Wy6F6C — CNN International (@cnni) February 18, 2019 It’s yet another reminder that traditional banking institutions have the power to shut down and block access to your money without notice. This is why bitcoin matters. If stored independently, bitcoin cannot
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Cryptocurrency market started the week with an impressive rally, rising from $120.91 billion to as high as $126.391 billion in a day. At 0900 UTC, the global crypto market cap was valued at 126.30, up 4.45% from Sunday’s low, with all the top 10 coins trending into their green territories. Bitcoin, the index’s leading cryptocurrency, posted 3.01% gains according to 24-hour adjusted timeframe calculated by TradingView.com. Ethereum, the second largest cryptocurrency, did better by surging 10% within the same time. Bitcoin Cash, the Bitcoin-clone project led by Roger Ver, was the second-best performing cryptocurrency in the top ten. It rose
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