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XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

Source Node: https://bitcoinist.com/xrp-forms-crushing-textbook-reversal-sign-after-30-explosion/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-forms-crushing-textbook-reversal-sign-after-30-explosion
Time Stamp: August 4, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD

This Newly Formed Structure Could Cause Bitcoin to See Major Losses

Source Node: https://bitcoinist.com/this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses/?utm_source=rss&utm_medium=rss&utm_campaign=this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses
Time Stamp: August 4, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred as a result of these rejections has not yet been enough to force BTC or other assets below their crucial support levels That being said, analysts are growing increasingly cautious on BTC’s near-term outlook One trader explained that a recently emerged technical pattern seems to indicate downside is imminent It is important to note that there is one fundamental development that could invalidate this pattern

Ex-Chinese Banking Exec Says CBDCs Will Substitute Cash in Circulation

Source Node: https://beincrypto.com/ex-chinese-executive-says-digital-currencies-will-substitute-cash-in-circulation/
Time Stamp: August 3, 2020 10:26 AM - Modified On: May 21, 2021 - Published By:
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A former Bank of China executive has shown his support for digital currencies, positioning it as a substitute for cash, widely known in economic circles as M0. Ex-vice president of China’s central bank, Wang Yongli, said that digital currencies should substitute all currencies “as much as possible”. The push for digital currency: “shouldn’t be confined to such substitution; otherwise, its market competitiveness could be problematic,” ,he said. Yongli is the present director of the Haixia blockchain research institute and previously served at the People’s Bank of China (PBoC) for over

Ethereum DeFi’s Ampleforth (AMPL) Drops 20% Despite “Whale” Accumulation

Source Node: https://bitcoinist.com/ethereum-defis-ampleforth-ampl-drops-20/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-defis-ampleforth-ampl-drops-20
Time Stamp: August 2, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ampleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July. The asset has seen a steep correction over the past week as the focus of crypto investors has been on Bitcoin and Ethereum. After a recovery, AMPL is dropping once again. This drop comes in spite of positive on-chain and social media signs, according to blockchain analytics firm Santiment. Ampleforth Drops 20% Despite On-Chain Data Indicating

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-could-see-a-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-parabolic-advance
Time Stamp: August 1, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may

ChainLink Announces Launch of Community Grant Program

Source Node: https://www.cryptoknowmics.com/news/chainlink-announces-launch-of-community-grant-program
Time Stamp: August 1, 2020 11:31 AM - Modified On: May 21, 2021 - Published By:
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Rate this post ChainLink has recently announced the launch of a community grant program. This has been launched in order to accelerate the development of the platform. It has been specified by a team at ChainLink that their network is growing rapidly. This is the high time when this ecosystem needs support to grow. ChainLink plays a huge role in the DeFi industry As ChainLink has been using the smart contracts because of which it plays quite an important role in the DeFi industry. The firm is also encouraging and

HashCash Receives Title of Top Blockchain Development Company

Source Node: https://www.cryptoknowmics.com/news/hashcash-receives-title-of-top-blockchain-development-company
Time Stamp: August 1, 2020 8:54 AM - Modified On: May 21, 2021 - Published By:
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Rate this post HashCash Consultants, a firm that offers blockchain solutions globally has been listed as a leading blockchain development company. The company has received this listing from a global tech review firm.  The firm has made this decision by conducting a survey of the leading and the best enterprises in this sector. As a result, it found out that HashCash is the best one in offering blockchain and crypto services globally. The decision has been made on the basis of various parameters that were set by the firm for

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

DefiPulse Reveals $4B of Total Value Locked is DeFi Markets

Source Node: https://www.cryptoknowmics.com/news/defipulse-reveals-4b-of-total-value-locked-is-defi-markets
Time Stamp: August 1, 2020 5:09 AM - Modified On: May 21, 2021 - Published By:
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Rate this post DefiPulse, a huge site that gives regular crypto insights and analytics has recently revealed data regarding DeFi. As per the website, currently, there is $4 billion of the total value which is locked in the DeFi markets. This increase in total locked-in value is clearly indicating that the DeFi industry is growing rapidly. DefiPulse claims MakerDAO holds 30% of DeFi market In short, DeFi simply means the integration of digital assets, blockchain, and smart contracts in financial services. It provides financial services like credit and lending without

Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Source Node: https://cryptoslate.com/dogecoin-doge-is-now-being-used-by-crypto-hackers-after-tiktok-boom/
Time Stamp: August 1, 2020 5:00 AM - Modified On: May 21, 2021 - Published By:
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Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020.But things have taken a darker turn for the currency; hackers are now utilizing the token to control crypto mining botnets, security firm Intezer Labs said in a report this week.Such DOGE, much hackIntezer Labs, a New York-based malware analysis and detection firm, found out hackers using the infamous

Bitcoin and Ethereum Whales Move $231,000,000 in Crypto As Ripple Shifts 37,000,000 XRP From Genesis Wallet

Source Node: https://dailyhodl.com/2020/08/01/bitcoin-and-ethereum-whales-move-231000000-in-crypto-as-ripple-shifts-37000000-xrp-from-genesis-wallet/
Time Stamp: August 1, 2020 3:04 AM - Modified On: May 21, 2021 - Published By:
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ADVERTISEMENT Crypto whales are surfacing in big numbers, moving hundreds of millions of dollars in Bitcoin and Ethereum while BTC hovers around the $11,400 mark. In the last 24 hours, the crypto whale watching bot Whale Alert tracked 11 large transactions to the tune of 15,006 BTC, worth about $231.63 million at time of writing. Three transfers sent 4,600 BTC worth $51.65 million from crypto exchanges to wallets of unknown origins, suggesting that the owners may be accumulating the top cryptocurrency. Two transfers moved 2,300 BTC worth $25.7 million from