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Bitcoin Price Suddenly Drops by $500 in Seconds to Fill Futures ‘Gap’

Bitcoin (BTC) dropped several hundred dollars in seconds on Aug. 10 as $12,000 once more proved too hot to handle. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360BTC price finds new focus at $11,700Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.In doing so, Bitcoin neatly filled the latest gap in CME Group’s Bitcoin futures markets, which lay just below $11,700. BTC/USD 1-day price chart. Source: Coin360A classic move, Cointelegraph predicted on the day that markets would likely attempt to

Q&A: How Blockchain Could Transform the Art Industry

The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get back on its feet and achieve much-needed digitization: blockchain. Here, we talk to Niko Kipouros, founder and CEO of 4ARTechnologies, about how this technology could transform the way we purchase and own artwork — and even ensure that the provenance and authenticity of masterpieces are never doubted.1. What are the biggest challenges facing

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

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Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels on Ethereum’s medium-term chart. Investors in ETH should watch Bitcoin and other markets for some

Analyst: Bitcoin May “Teleport” to $13,000 if It Breaks Key Level

Bitcoin is currently caught in an unwavering consolidation phase within the upper-$11,000 region This is where the cryptocurrency has been trading throughout the past several days Unless buyers step up and shatter the resistance that sits around $12,000, the crypto could be poised to see notable losses One analyst is now noting that he is closely watching the price region between $11,800 and $12,000, as a firm close above this level could lead BTC to “teleport” to $13,000 It has so far been unable to do so, and the cryptocurrency

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

Despite Recent Strength, Ethereum has Yet to Break Above One Critical Level

Ethereum, like Bitcoin, is currently flashing some immense signs of strength as it pushes past $400 The resistance at this price level remains heavy, so buyers must continue propelling the crypto higher in the near-term Where ETH trends next as it hovers around this crucial level may depend on Bitcoin, as it guided the market’s latest movement If Ethereum’s buyers remain strong in the near-term, they may next look to target the crypto’s recent highs at $415 There is a crucial level that it has yet to surmount, however, and

The Human Rights Foundation Awards Grants to Three More Bitcoin Projects

The Human Rights Foundation (HRF) is issuing grants to three more Bitcoin developers. JoinInbox creator Openoms, Zeus creator Evan Kaloudis and Fully Noded creator Fontaine will be gifted 1 bitcoin each, worth over $11,000 at the time of writing, making for a total of over $33,000. This marks the second round of grants from the Bitcoin Development Fund, HRF’s new fund to support Bitcoin projects. “HRF decided to acknowledge and support these three developers and their projects because they are all focusing on making Bitcoin technology more accessible. Usability is

9 Best Crypto Slots of 2020

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Bitcoin Reddit Roundup – July 2020

Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining. In this roundup there are 10 different categories of links: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun, And Other. Big shoutout to Sam Wouter,