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Bitcoin Price Analysis: BTC Recovery Facing Uphill Task

Bitcoin price is currently consolidating losses above the $7,600 and $7,800 levels against the US Dollar.The price is facing a lot of hurdles near the $8,500 and $8,800 levels on the upside.There are two key bearish trend lines forming with resistance near $8,420 and $8,850 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to struggle in clearing the $8,420 and $8,500 resistance levels in the near term.Bitcoin price is trading in a bearish zone below $9,000...

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Facebook Hints at Suing the U.S. Government in Zuckerberg Audio Leak

Facebook has been having a tough battle dealing with regulators and government agencies since the launch of its Libra cryptocurrency. In the recently leaked audio recordings obtained by The Verge, Mark Zuckerberg threatens to take the U.S. government to the courts if the Democratic Party presidential candidate Elizabeth Warren comes to power and tries to break big companies like Facebook into smaller entities.Note that breaking Big Tech is one of the major promises of Elizabeth Warren’s...

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Crypto Market Update: Bitcoin Down $2,000 on the Week, Fundamentals Pointing Upwards

We saw a week of action throughout the entire crypto market. Bitcoin’s price plunged, painting the entire market red. Of course, altcoins also plummeted against the USD but remained relatively stable against Bitcoin. The whole market seems to be under a lot of stress, at least according to the Fear & Greed Index:Wall Street, on the other hand, continues to rise as bond markets have seen significant drops. Despite predictions of a collapse in the capital markets, key indices keep on...

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Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, Eos, Doge Coin

BitcoinWe saw a sharp correction with a high trading volume which dragged the price down to the Fibonacci levels at 0.618 within the $7,800 range. That’s a support line and if we break past through it to $7,200 we can also get down quickly to $6,200. In terms of resistance, the trend line goes down in clear red. Breaking it will only provide short-term security. Going above $10,400 will bring confidence back. This week’s plunge felt like a “sell the news:  event but that’s not what prompted...

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First Week Performance of Bakkt’s Bitcoin Futures Remains Disappointing

Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a lot of buzz before the launch, Bakkt failed to make an impact on the market.The Bakkt futures contracts saw very lukewarm response from investors. With one week since its launch, the Bakkt futures contracts have just $5 million in total trading. Bakkt’s Bitcoin futures contracts come in two options – daily and monthly settlement. The daily contracts settlements have received an...

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Unabhängiges Ratings Council für Cryptocoins gegründet

Große Cryptocoin Börsen haben sich zusammengeschlossen, um ein unabhängiges Ratingssystem für Crypto Token zu kreieren. Als Crypto Ratings Council (CRC) hat diese Partnerschaft der Crypto Börsen eine Bewertungsplattform geformt, die uns ein unabhängiges System für die Seriosität von Cryptocoins liefern soll.Crypto News: Unabhängiges Ratings Council für Cryptocoins gegründetCoinbase, Circle, Bittrex, Kraken und weitere US Crypto Börsen sind Teil des Zusammenschlusses, der den CRC bildet. Schon...

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Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?

What is the most used crypto in the world today? Many may think that it is Bitcoin since it accounts for over 67% of the digital-asset world’s market value. They could be wrong. Although dependable figures on trading volumes are rare to come by in the unpredictable crypto finance world, CoinMarketCap.com data shows some interesting reports.The token that has the highest daily and monthly trading volume is Tether that has a market capitalization that is over 30 times smaller than Bitcoin....

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WeWork Retraces Steps On IPO and Postpones It Indefinitely

The We Company, WeWork’s parent company, has officially moved to withdraw its S-1 filing, with the intention of postponing its earlier announced and widely talked about initial public offering (IPO). The company’s intention to go public was initially announced on the 14th of August but has gotten a lot of backlash since then, especially because of the company’s governance structure.WeWork has been consistently criticized for not just its governance structure, but also the company’s staggering...

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Amazon is Looking to Offer Its Cashierless Go Service to Hundreds of Retail Locations

Back in 2016, e-commerce giant Amazon announced its plans to establish a large chain of convenience stores in the United States. Called Amazon Go, the stores are mostly automated and run on computer vision, deep learning algorithms and sensor fusion without cashiers, allowing customers to grab items they need to from the store, and simply walk out.Since inception, Amazon has opened 16 Amazon Go stores with several of them in Washington, Illinois, California and New York and the company still...

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Tron (TRX) Price Analysis: Bulls Losing Momentum Near Key Resistance

Tron price started an upside correction from the $0.0117 low against the US Dollar.TRX price is currently trading near the key $0.0150 and $0.0152 resistance levels.There was a break above an ascending channel with resistance near $0.0144 on the 4-hours chart (data feed via Bitfinex).The price could climb sharply if there is a proper close above $0.0150 and $0.0152.TRON price is currently correcting higher against the US Dollar and bitcoin. TRX price needs to surpass the $0.0152 resistance...

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