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Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President

Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower. ‘Incredible Opportunity’ To Buy Bitcoin In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap. Conversely, he added, Bitcoin trading around $6000 provides an “incredible opportunity” to buy. “We could be in the midst of the extinction-level event for

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The Entire Cryptocurrency Market is Now 54% Bitcoin

Bitcoin now dominates 54 percent of the total cryptocurrency market cap, hitting a level on Tuesday not seen since the time of its all-time price highs in December 2017. Analysts Dream Of Altcoin Rebirth According to data from Coinmarketcap, Bitcoin now has a market cap of $105 billion. August 11 formed the latest date when Bitcoin’s market cap became worth more than all other cryptocurrencies combined. Long a contested metric for measuring Bitcoin’s success, the

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Price ‘An Imperfect Metric’ for Bitcoin Technology, Says Investment Strategist

Bitcoin (BTC) continues to decline and so is the entire market. However, an investment strategist sees it as a paradigm-shifting technology that needs time to appreciate in value. Bitcoin  marks another day trading in the red with the rest of the entire market performing even worse. At the time of writing this, all top 100 digital currencies are depreciating according to CoinMarketCap. Signs of positivity could be found in the fact that Bitcoin dominance is rising

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Ethereum Price Analysis: Under $270 and Falling Amid Altpocalypse

Ethereum price

It’s been a terribly rough two weeks for altcoins, and the situation doesn’t appear to be getting any better. Nobody’s price is safe, including Ethereum (ETH), ADA, XRP, XLM, and BNB. Ethereum (ETH) Daily Chart ETH remains in a tough spot, and so far there is no silver lining as ETH price is now now at at a 9-month low after 18 days of posting lower lows on the daily chart. The daily RSI has

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Crowdfunding Campaign Aims to Discover Where in the World the Real Satoshi Is

Crowdfunding Campaign Aims To Figure Out Where In The World Is The Real Satoshi

Satoshi Nakamoto’s true identity has been a well-kept secret. Many are still on the hunt. A new crowdfunding campaign has been launched in order to hire detective agencies who will scour the globe in a public-funded search for Satoshi. The hunt for Satoshi Nakamoto still carries on. Over the past few years, a variety of online publications and individuals have hunted the trail of the person (or people) synonomous with Satoshi. There have been a

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42% Traffic Increase to Bitcoin.org as Lira Hurtles Downward

42% Traffic Increase to Bitcoin.org Amidst Lira's Hurtling Price

As the Lira continues its decent, Bitcoin.org has experienced an influx of Turkish visitors. Many look towards the potential that crypto holds in light of toppling fiat currencies like the Lira.  On Monday, Twitter user @CobraBitcoin noted the flood of Turkish Bitcoin.org users— a towering 42%. The increasing number of users comes amidst national economic turmoil and a rapidly descending Lira: There’s been a MASSIVE 42% increase in visitors to https://t.co/OsFgRFRRZb from Istanbul as the

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Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Saudi Arabia

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies. The warning was released amid

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Nick Szabo: Bitcoin ETF ‘Might Cause More Problems Than It’s Worth’

Nick Szabo

Nick Szabo says he is “not lobbying” for a Bitcoin exchange-traded fund (ETF) in fresh criticism of the phenomenon which many commentators claim would significantly boost prices. ‘Not Lobbying’ In a series of tweets August 12, the veteran cryptographer appeared risk-averse about an ETF gaining regulatory approval. “I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it’s worth,” he wrote. The recent

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5 Factors That Extinguished the Crypto Market in 2018

Despite the price slump, one cryptocurrency company remains entirely bullish, identifying the reasons for the market’s weak performance YTD.  The entire cryptocurrency market has been in decline since the beginning of 2018. Peaking at almost $800 billion in January, the market capitalization currently stands at slightly upwards of $200 billion. However, Distributed Global, a financial company specializing in digital as well as blockchain-based assets, provided insights into current market woes and why it expects it to

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‘We Couldn’t Get Any Foreign Currency’ – Turkey’s Capital Controls Show Why Bitcoin Exists

Turkey

Turkey introducing capital controls to stem the impact of its currency crisis means traders can “expect” higher Bitcoin prices on local exchanges, a well-known online commentator has suggested. ‘Expect Price Premium’ Tweeting August 13, BambouClub eyed spreads on P2P platform Localbitcoins, forecasting buy and sell asks to increasingly diverge as the country’s economic situation worsens. “With capital controls being introduced in Turkey expect a black market for hard currency to develop which will be reflected

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India: Clear-Cut Cryptocurrency Law Still Months Away, Says Gov’t Panel

India

Don’t expect any final cryptocurrency regulations in India at least until the end of the year, according to members of the government panel set up to examine the emerging virtual currency ecosystem in the country. The Conundrum That is Cryptocurrency India isn’t the first country that has struggled with adequately defining what cryptocurrencies are, in terms of being currencies, commodities, or securities. Particularly problematic for the finance ministry panel looking into cryptocurrencies in India is

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Twitter ‘Free ETH Giveaway’ Scams Can Rake in $50K-100K Per Day

“Free ETH Giveaway” scams on Twitter might seem obvious to most but they are reportedly making some quite a lot of money. Making $50,000 to $100,000 Per Day Cryptocurrency evangelist and YouTuber Adam Guerbuez ran into the popular “Free ETH Giveaway” scam on Twitter. However, he took the chance to ask the scammer a few questions and, reportedly, the conman went for it, shedding some clarity on how the entire process works. While the information is

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