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Tag Archives: neo

Wednesday Crypto Market Watch: Bitcoin Standing Still As Major Altcoins Surge

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low.Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800.As reported here yesterday, the $9,150 level that Bitcoin reached on Sunday and got rejected, was where the 4-hour MA-50 and the MA-100 met. Additionally, that’s...

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NEO Spikes 100% Thanks to China’s Surprising Blockchain Pivot

NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced that his country would “take the leading position in the emerging field of blockchain.” Since then, this cryptocurrency skyrocketed nearly 100%, and now...

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Derivatives Exchange FTX Launched an Index of 8 Popular China-Related Cryptos

FXT derivatives exchange announced that it has launched Futures platform tracking an Index of 8 China cryptocurrencies. This announcement came on October 29 in the midst of the blockchain endorsement by China’s President Xi Jinping. The new index will track eight popular Chinese crypto projects.The new development was announced in a tweet by the firm’s CEO Sam Bankman-Fried on October 29.https://t.co/xZ5cjcRb11 is live!— SBF (@SBF_Alameda) October 29, 2019Dubbed Dragon Perpetual Futures Index...

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Xi Blockchain Endorsement Triggered Buying Frenzy in Chinese Cryptocurrencies

Chinese President Xi Jinping announced support for blockchain last Thursday. The news was welcomed by the crypto community as Chinese altcoins such as NEO, TRON and Qtum skyrocketed over the weekend. Analysts believe that there’s more to the hype and speculation that powered the move of Chinese coins in their USD and BTC pairs. Chinese President Xi Jinping announced on Thursday that his country should “take the leading position in the emerging field of blockchain,” according to a...

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Why NEO Surged 35% While Rest of Crypto Market Took a Snooze

Lesser-known cryptocurrency NEO surged more than 35% on Sunday. The sudden move launched the NEO price to nearly $12, even as the wider crypto market cooled off from its recent rally. Let’s examine the factors behind NEO’s breakneck recovery. In the wake of a historic cryptocurrency market resurgence, NEO has suddenly sprung to life, securing an impressive 35% single-day rally. What’s driving that rapid upswing? Bitcoin Jolts the Crypto Market Back to Life The crypto markets boomed...

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eToro Unveils New Crypto Portfolio Based on the Algorithm of Twitter Mentions

Global investment platform eToro has announced its new sentiment-based crypto portfolio offering called TheTIE-Long-Only. For this, eToro has joined hands with a data analytics platform The TIE which can formulate an algorithm-based investment strategy.The input data for this sentiment-driven trading platform will be Twitter mentions. The social media platform Twitter has been the main platform for discussing crypto activities. Several popular analysts and companies share their trading...

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Binance Staking Platform Launched for 8 Cryptocurrencies

Binance, one of the world’s leading cryptocurrency exchanges, on Thursday announced the launch its staking platform that will enable its users to earn cryptocurrencies for only depositing their funds on the platform.As per the announcement, the new platform is a value-added service that provides its users with a way of “earning staking rewards without the need to set up any nodes or worry about minimum staking amounts, time lengths, or any other technical requirements.”For a start, the...

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NEO Launches NEO3 Preview1 On Testnet

Top features on NEO like on-chain and off-chain governance as well as Delegated Byzantine Fault Tolerance (DBFT) have already made it one of the more appealing blockchains for businesses and enterprises. Now, the project is adding additional features that improve functionality.What Is NEO3 Preview1?NEO3 Preview1 is the first look at some of the changes that are anticipated to occur when the project transitions from its current NEO2 protocol to NEO3. NEO3 TestNet, which was also released on...

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