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US dollar downturn aids Bitcoin bulls before $50K BTC price showdown

Bitcoin (BTC) challenged $46,800 on Aug. 11 as a weakening U.S. dollar added to bullish momentum.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Aiming for $50,000"?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $46,787 on Bitstamp Wednesday, a hair short of the previous day's peak.Fresh from voting day on the U.S. infrastructure bill, something which ultimately failed to move the market, Bitcoin showed no signs of bearishness as it returned to the door of major resistance beginning at $47,000.USD performance post bill on the day provided another potential catalyst

Kajeet Launches Connected Health, Enabling the Delivery of Secure and Reliable Remote Health Services

"We are proud to offer Kajeet Connected Health to enable a secure and seamless connection between patients and providers,” said Daniel J.W. Neal, chairman, CEO and founder of Kajeet. MCLEAN, Va. (PRWEB) August 10, 2021 Kajeet®, a leading provider of wireless connectivity, software and hardware solutions that deliver safe, reliable and controlled internet access, today announced the launch of Kajeet Connected Health™. A comprehensive IoT solution, Connected Health enables the successful delivery of telemedicine services while maintaining the highest levels of security and reliability. The global telemedicine market is expected

BTC, ETH, XRP, ZEC, SNX, AAVE, BTT — Technical Analysis Aug 5

Bitcoin (BTC) has created a bullish engulfing candlestick and is making an attempt at reclaiming the $40,550 range high.Sponsored Sponsored Ethereum (ETH) has broken out from an ascending parallel channel and is attempting to move above the $2,860 resistance area. XRP (XRP) has been rejected by the resistance line of an ascending parallel channel.Sponsored Sponsored Zcash (ZEC) has broken out from a descending resistance line. Synthetix (SNX) is in the process of breaking out from the $10.30 horizontal resistance area. Aave (AAVE) has reclaimed the $310 horizontal resistance area.  BitTorrent

What Changed in Crypto Markets While You Were Sleeping — Aug 3

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.Sponsored Sponsored Bitcoin update On Aug 1, BTC reached a high of $41,599. This seemed to cause a breakout above the $40,550 resistance area, which had been in place since May 20.  However, the price has been decreasing since and has fallen all the way to $37,966. This rendered the previous breakout a deviation, with the $40,550 area now expected to act as resistance again.Sponsored Sponsored BTC has nearly reached

EOS Price Prediction 2021, 2025, 2030

What is EOS? EOS is one of the best-known cryptocurrencies today that allows building decentralized apps (DApps) in a simple and scalable way. EOS cryptocurrency was developed by a company called Block.one. Founded by software programmer Daniel Larimer and entrepreneur Brendan Blumer, who still hold the roles of CTO and CEO, the company began to work on the project in 2017. In June of 2018, the EOS officially went live after a year-long Initial Coin Offering (ICO). The ICO raised more than $4 billion, despite the prohibition to participate from

A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector?

Regulatory scrutiny has become an oft-visited issue in recent months, with countries all over the world stepping up their efforts to regulate the cryptocurrency ecosystem. Several arguments have been made in favor of, as well as against these steps, with some calling it an effort by traditional institutions to curb what doesn’t fall under their purview while others have hypothesized about the possible growth that regulations can bring. Those in favor of regulations were joined by Bitmain founder and former CEO Jihan Wu recently after he told CNBC that he

The Bitcoin Family Cashes in on Branding & BTC’s Latest Rally

It’s been roughly four years since the Bitcoin family went all-in on the alpha cryptocurrency. But it’s not just the latest price surge that’s bringing home the bacon. Didi Taihuttu, his wife, and three children spoke with Dutch news from the Algarve in Portugal, the latest stop in his worldwide adventure. The Dutchman accumulated the bulk of his bitcoin in early 2017 around $900, a move that paid off handsomely in retrospect. Despite a two-year lull in prices, the family managed to live off of their profits and even accumulated

Ethereum Rival Polkadot Launches Polkastarter DEX and Liquidity Mining

A new decentralized exchange has emerged in the already-crowded DeFi space. The platform is being offered by the Ethereum rival Polkadot network. Dec. 15 marks the official launch date of the Polkastarter DEX. The platform has been designed for cross-chain token pools and auctions, with the purpose of enabling projects to raise capital on the Polkadot network. Polkastarter was officially announced in September when the project listed its native POLS token on Uniswap. It has now gone live with the first liquidity pool offering rewards for swapping ETH for POLS.

Ethereum Developers Claim 2.0 Launch Went ‘Smooth’ Despite Validator Slashings

The latest update from the team working on Phase 0 of the ETH 2.0 upgrade has praised the smooth launch of the new blockchain which was only marred by a number of validators getting ‘slashed.’ It has now been two weeks since Beacon Chain went live heralding in a new era for Ethereum as the Serenity upgrade gets underway. The launch has been a rather eventless affair, which is good news as confirmed by ConsenSys developer Ben Edgington in his latest ETH 2.0 update. “It’s been a wonderfully dull eleven

Waves Powers Russia’s First Reported Crypto-Backed Bank Loan

Expobank, a commercial bank in Russia, has reportedly issued the country’s first-ever loan backed by cryptocurrency.According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) tokens.Waves CEO and founder Alexander Ivanov confirmed the news in a tweet, noting that the loan used Waves tokens as collateral.According to the report, the new loan was issued to local entrepreneur Mikhail Uspensky earlier this week. The businessman reportedly said that he is committed to keep using Waves tokens

Turkey Residents Panicking Over Massive Inflation

Rampant inflation is affecting Turkish residents’ confidence in the nation’s lira fiat currency. According to a Reuters report on Aug. 14, locals are dumping lira, converting it to dollars and buying gold. Even with market interventions and reassuring stories about monetary stability coming from the government, the locals’ faith in the lira is on a downward trajectory. Inflation is currently at 11.8% and has overtaken the amount of interest offered for savings at banks. One resident was quoted as saying he had bought gold as a safe-haven asset:“I think it is the best investment