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DASH/USD and LTC/USD Technical Analysis November 3 2017

DASH/USD DASH continues to be volatile, as we have been drifting lower overall. However, it is a very slow descent, so I think that it’s only a matter of time before the buyers get involved and push this market to the upside. The $300 level above is massive resistance, and if we can break above … Continue reading DASH/USD and LTC/USD Technical Analysis November 3 2017

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Coinbase Acquires Decentralized Crypto Trading Platform Paradex

Crypto industry giant Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets. In an announcement on Wednesday, San Francisco-based cryptocurrency exchange Coinbase confirmed its acquisition of Paradex in a move that will open up Coinbase customers to access and trade coins

The post Coinbase Acquires Decentralized Crypto Trading Platform Paradex appeared first on CCN

Coinbase Acquires Decentralized Crypto Trading Platform Paradex

Crypto industry giant Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets. In an announcement on Wednesday, San Francisco-based cryptocurrency exchange Coinbase confirmed its acquisition of Paradex in a move that will open up Coinbase customers to access and trade coins

The post Coinbase Acquires Decentralized Crypto Trading Platform Paradex appeared first on CCN

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Reserve Bank of Zimbabwe Sued for Banning Cryptocurrency

The Reserve Bank of Zimbabwe (RBZ) is facing a lawsuit from a cryptocurrency exchange in the African country following the RBZ’s recent order to all registered financial institutions to stop all forms of cryptocurrency trading. The central bank also instructed cryptocurrency exchanges to shut down their operations.  The Legality of Cryptocurrency in Zimbabwe Brought into Question According to news reports, Golix, the largest cryptocurrency exchange in Zimbabwe, submitted a High Court challenge stating that the RBZ does

The post Reserve Bank of Zimbabwe Sued for Banning Cryptocurrency appeared first on Bitcoinist.com.

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Ripple Price Analysis: XRP/USD Facing Tough Challenge

Key Highlights Ripple price declined further and traded below the $0.6000 support level against the US dollar. Yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher and it may face hurdles near the

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Ethereum Price Analysis: ETH/USD Back Below $600

Key Highlights ETH price nosedived below $620 after it struggled to move above the $650 resistance against the US Dollar. There are two bearish trend lines forming with resistances at $610 and $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating losses above $650 and it remains at

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China Using Blockchain to Help Fight Poverty in Tibet

The Bank of China will use the technology to upgrade their existing poverty reduction system in hopes of increasing efficiency and transparency. The benefits of blockchain technology are both powerful and far-reaching in that it does much more than just make virtual currencies possible. One of the industries where the efficiency, security, and immutability of blockchain can really shine is in the finance sector. As this industry is heavily reliant on record-keeping, it stands to

The post China Using Blockchain to Help Fight Poverty in Tibet appeared first on Bitcoinist.com.

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Asian Altcoin Trading Roundup: Steem Steams Ahead

FOMO Moments The rout has continued and markets have fallen faster again today. Selling pressure could not be overcome and has accelerated through the morning in Asia with markets tumbling towards $300 billion. Bitcoin has continued to slide falling back 4% on the day to $7,600. In the time tested formula, altcoins have all fallen

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Bitcoin Cash Price Analysis: BCH/USD Jaw Dropped Below $1,000

Key Points Bitcoin cash price declined sharply and moved below the $1,000 support against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $1,080 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher towards the $1,050 and $1,080 resistance levels

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Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen?

Bitcoin Price Key Highlights Bitcoin price continues to trend lower but is currently testing short-term support. A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top. The Fibonacci retracement tool shows the nearby upside targets. Bitcoin price could be due for a bounce off the channel support back to

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Weiss Ratings: Cryptocurrency Will Become ‘Fundamentally Safer’ Than Banks

The founder of Weiss Ratings Agency Martin D. Weiss has forecast that an upcoming rule change in US banking will compel investors to move their money away. Spotlight On Volcker Rule Change Timing In a dedicated blog post about the watering down of the Volcker Rule, which limits banks’ ability to gamble deposited funds, Weiss claims that the plan is coming “precisely at a time when risk-taking has reached a peak and key risk assets

The post Weiss Ratings: Cryptocurrency Will Become ‘Fundamentally Safer’ Than Banks appeared first on Bitcoinist.com.

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From Russia with Love: How Cryptocurrency and Blockchain are Finding Their Feet

In the West, crypto markets continue to battle with the regulatory uncertainty as the SEC and other regulatory bodies take their time to decide which camp they sit on. At the same time, things are not much rosier in the East either where China is yet to warm up to cryptocurrencies. Blockchain has been around “long” enough to show the proof of concept in that by utilizing blockchain it is possible to streamline a number

The post From Russia with Love: How Cryptocurrency and Blockchain are Finding Their Feet appeared first on Bitcoinist.com.

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Italian Court Rules Bankrupt Crypto Exchange BitGrail Must Stay Closed

Italian cryptocurrency exchange BitGrail won’t be reopening anytime soon, despite its wishes to the contrary. Last Thursday, on May 17, the Court of Florence fully upheld a preliminary order barring the exchange — which is currently undergoing bankruptcy proceedings — from resuming operations and once again offering trading services to customers. The precautionary measure was

The post Italian Court Rules Bankrupt Crypto Exchange BitGrail Must Stay Closed appeared first on CCN

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EOS Losses $5 Billion in Three Weeks: EOS Price Analysis (May 24)

After Tron, EOS is the only coin whose losses are at least moderate-they aren’t too way off. Even after EOS sellers stepped on the gas, prices are still down 10 percent in the last week. In theory, EOS prices should be bubbling in the run up to EOSIO mainnet launch but unexpectedly, we are contend

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