Day: February 16, 2020

Ripple (XRP) Nosedives Below $0.30: Is This Fresh Decline or Just Correction?

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Ripple declined heavily from well above $0.3200 against the US Dollar. XRP price even dived below $0.3000 and it could continue to move down in the near term. Ripple price fell sharply after the bears were able to clear the $0.3000 support against the US dollar. The price traded as low as $0.2677 and it is currently correcting losses. There are two connecting bearish trend lines forming with resistance near $0.2950 and $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must climb back…

Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls

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Ethereum started a sharp decline below the $265 and $260 support levels against the US Dollar. ETH even tumbled below $250 and it is currently correcting losses. Ethereum is down more than 8% and it even spiked below the $250 support against the US Dollar. The price traded as low as $236 and it is currently recovering losses. There is a major bearish trend line forming with resistance near $264 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also under pressure and it is trading…

Crypto Games, a Market in the Making of Its Own Fortune

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Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, however, new games backed by different technologies are starting to emerge. So, what does 2020 hold for crypto games? Tokens that cannot be changed There are a lot of fungible tokens that the crypto community…

Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share

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Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance. MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool Poolin on Thursday in a WeChat group. These products generate a computing power of about 60 terahashes per second (TH/s) on average, he said. That means the newly delivered 600,000 units may have contributed over…

Does Correlation Between Bitcoin Price and Altcoins Mean Buy the Dips?

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Bitcoin (BTC) price reached a new 2020 high on Feb. 13, 2020, crossing $10,497 following a 42% gain since the start of the year. This appreciation in price has led crypto analysts to suggest that a new bull run is in its early stages and some estimate that the price will reach a new all-time high at $27,000 by summer. Other analysts believe the price will reach the coveted $100,000 mark right before the start of 2021. Cryptocurrency market daily overview. Source: Coin360 Alongside Bitcoin’s price gain, altcoins have been…

This Is Why the Cowboys Shouldn’t Be Scared to Let Dak Prescott Walk

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Dak Prescott’s contract negotiation is important, but it’s not the only challenge facing the Dallas Cowboys this offseason. From Amari Cooper to Byron Jones, the Cowboys face major questions before free agency arrives. The Cowboys absolutely need Prescott, but not if his enormous salary demands brutalize the rest of the roster. You could easily make the mistake that Dak Prescott was the only concern for the Dallas Cowboys front office this offseason. But although he’s a massive piece of the puzzle, he’s not the be-all and end-all for America’s team.…

The CIA’s Decryption Abilities, BTC Beyond $10K and More on the Bad Crypto Podcast

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Check out this week’s episode of the Bad Crypto podcast, which cites a bunch of great Cointelegraph reporting to generate an hour-long episode of crypto audio news. This week’s episode covers a wide variety of topics per usual. There’s the ever-developing story of BTC living life above $10,000. And wouldn’t you know it, it turns out the CIA has been far more capable at decryption than you may have previously thought. Binance’s CZ confirms the impending launch of a cloud platform, and there are exciting stablecoin developments taking place in…

Don’t Fall Prey to These 5 Cruel Coronavirus Scams

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The coronavirus outbreak continues to spread, and scammers are exploiting the crisis to defraud you. Scammers are soliciting bitcoin donations to help “fight the virus,” while investors in U.S. microcap stocks are another easy target. Don’t fall prey to any of these five scams. A good scammer never lets a crisis go to waste. Even as the death toll from the coronavirus outbreak spirals toward 1,500, fraudsters are exploiting fear, greed, and even generosity to make a quick buck. Here are five cruel ways that scammers are shamelessly using the…

CME Bitcoin Futures Just Opened, and It May Catapult BTC Back to $10ks

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The CME bitcoin futures market just opened, and it could be the catalyst that leads the recovery of BTC back to the $10,000s. Throughout the weekend, the bitcoin price dropped from $10,500 to as low as $9,650, liquidating a significant amount of long contracts. Why CME open can lead bitcoin recovery On active days, the CME bitcoin futures market settles between $300 million to $500 million in daily volume. In May 2019, for instance, when the bitcoin price was hovering at around $13,000, CME recorded an average volume of $515…

Sonic the Hedgehog Paves the Way for a New Era of Video Game Movies

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The Sonic the Hedgehog movie scored a strong opening weekend. After raking in $100 million internationally, the film is on track to break records for video game movies. Combine this with the success of The Witcher on Netflix, and we’re on the cusp of a new era of game adaptations. Sonic the Hedgehog is a timeless character. He has a simple design that makes him instantly recognizable, and he can adapt to vastly different stories and genres. While his games may not have always been consistent in quality, he has…