Archive for November 22nd, 2019

BitMEX Liquidates $400 Million in 2 Days as Bitcoin Experience Double Digit Losses

November 22, 2019 | By | Reply | 69 Readers More
BitMEX Liquidates $400 Million in 2 Days as Bitcoin Experience Double Digit Losses

Crypto market cap drops by $45 billion in a week BitMEX liquidates $128.5 million in BTC long contracts Since hitting a yearly high of $366 billion in market capitalization in mid-July this year, the total crypto cap has dwindled to lows last witnessed in April, as a bloodbath ensues. The total crypto cap dropped below […]

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Bitcoin Support Level May Spark Explosive Bull Movement, If It’s Defended

November 22, 2019 | By | Reply | 80 Readers More
Bitcoin Support Level May Spark Explosive Bull Movement, If It’s Defended

Bitcoin (BTC) has found itself caught firmly within a bearish downtrend over the past several weeks, which has led its price to plummet down to $7,000, with today’s drop marking a full retrace of the gains that were incurred in late-October. Analysts are now noting that Bitcoin is currently trading at a key long-term technical […]

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Bitcoin.com Accelerates Cryptocurrency Adoption With Racer Endorsement

November 22, 2019 | By | Reply | 64 Readers More
Bitcoin.com Accelerates Cryptocurrency Adoption With Racer Endorsement

Luke Vanna and the Bitcoin.com car are competing for top honors in the Australian Toyota 86 Racing Series. Sports partnerships like this can introduce cryptocurrency to new audiences as well as attract more businesses to join the ranks of the many merchants already accepting bitcoin cash across the country. Also Read: Bitcoin.com to Launch $200 […]

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After Testing $7K — Is Bitcoin Price Finally Close to the Bottom?

November 22, 2019 | By | Reply | 77 Readers More
After Testing $7K — Is Bitcoin Price Finally Close to the Bottom?

Bitcoin (BTC) opened the day at $7,600 and began a sharp decline to find lows of $6,800 — a loss of just over 10%. Price has since been pushed back across $7,000 with buyers showing interest in prices below the $7K handle. The loss in Bitcoin valuation has dragged the entire market down with notable […]

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Bitcoin Price Crash: Currency Drops to $7,600

November 22, 2019 | By | Reply | 83 Readers More
Bitcoin Price Crash: Currency Drops to $7,600

At press time, bitcoin – the world’s number one cryptocurrency by market cap – has fallen all the way back to $7,600, meaning it has lost more than $500 in just 48 hours. Bitcoin Falls Again This is a nasty drop, and one that’s reminiscent of where bitcoin stood at around this time last month. […]

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Ethereum Classic rejects ProgPoW, while SHA-3 gains majority support

November 22, 2019 | By | Reply | 89 Readers More
Ethereum Classic rejects ProgPoW, while SHA-3 gains majority support

Programmatic Proof-of-Work aka ProgPoW, the most controversial proposed implementation of Ethereum, made a short appearance in the Ethereum Classic community. ProgPoW and SHA-3 were the proposals submitted for changing Ethereum Classic’s mining algorithm. The discussion on the change of Proof-of-Work mining algorithm was held on November 22, 2019, with the other topics in the agenda […]

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HSBC Closes Account Used to Support Hong Kong Protesters

November 22, 2019 | By | Reply | 94 Readers More
HSBC Closes Account Used to Support Hong Kong Protesters

For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest movement in the special administrative region of China. […]

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That Time When Piraeus Bank of Greece Had a Secret-Crash Into Ethereum (ETH)

November 22, 2019 | By | Reply | 97 Readers More
That Time When Piraeus Bank of Greece Had a Secret-Crash Into Ethereum (ETH)

If regional banks such as the Greek Piraeus Bank are cracking on cryptocurrencies in 2017/18 it is most likely that international-scale banking institutions were already holding on to some precious Bitcoin, even at the time when they practically ‘barked’ at it, saying to financial consumers that cryptocurrencies are ‘dangerous’ if not volatile, and should be […]

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Market Update: Cryptos Shed Billions in Rapid Sell-Off

November 22, 2019 | By | Reply | 83 Readers More
Market Update: Cryptos Shed Billions in Rapid Sell-Off

Digital currency prices have been dropping in value this week and on November 21 the entire cryptoconomy fell below $200 billion. At the moment, most cryptocurrencies are down between 4-12% in the last 24 hours and 10-25% over the last seven days. Traders are currently pondering what will happen next as prices haven’t been this […]

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China Clarifies Cryptocurrencies Are Illegal: Bitcoin Records 6-Month Low In Response

November 22, 2019 | By | Reply | 65 Readers More
China Clarifies Cryptocurrencies Are Illegal: Bitcoin Records 6-Month Low In Response

Yesterday, Bitcoin’s price went through a serious decline, losing more than $550 of its value in a matter of hours. Today, news from China came that the country’s views on cryptocurrencies remain unchanged and that they are, in fact, illegal. Almost immediately after that, Bitcoin lost another $500, marking a 6-month low. China Clarifies: Cryptocurrencies […]

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