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These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

BitBlockBoom Is Bringing Bitcoiners Back Together

Source Node: https://bitcoinmagazine.com/articles/bitblockboom-is-bringing-bitcoiners-back-together?utm_source=rss&utm_medium=rss&utm_campaign=bitblockboom-is-bringing-bitcoiners-back-together
Time Stamp: August 4, 2020 4:05 PM - Modified On: May 21, 2021 - Published By:
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Gary Leland is hosting the third installment of the BitBlockBoom conference in Dallas, Texas on August 29, 2020. But this year’s event is decidedly different: this is set to be the first well-attended, in-person Bitcoin event held in the United States since the Covid-19 outbreak began. Because of the unique situation he’s in, Bitcoin Magazine wanted to check in with Gary and understand more about the preparations he’s making to ensure that BitBlockBoom is both a successful and safe event for everyone attending. Flip: I think you’re the first well-known

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

Source Node: https://bitcoinist.com/why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia/?utm_source=rss&utm_medium=rss&utm_campaign=why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia
Time Stamp: August 4, 2020 12:23 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

The Human Rights Foundation Awards Grants to Three More Bitcoin Projects

Source Node: https://bitcoinmagazine.com/articles/the-human-rights-foundation-awards-grants-to-three-more-bitcoin-projects?utm_source=rss&utm_medium=rss&utm_campaign=the-human-rights-foundation-awards-grants-to-three-more-bitcoin-projects
Time Stamp: August 4, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Human Rights Foundation (HRF) is issuing grants to three more Bitcoin developers. JoinInbox creator Openoms, Zeus creator Evan Kaloudis and Fully Noded creator Fontaine will be gifted 1 bitcoin each, worth over $11,000 at the time of writing, making for a total of over $33,000. This marks the second round of grants from the Bitcoin Development Fund, HRF’s new fund to support Bitcoin projects. “HRF decided to acknowledge and support these three developers and their projects because they are all focusing on making Bitcoin technology more accessible. Usability is

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/
Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:
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mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of

XRP Posts Classic “Bearish Retest” Pattern as Analysts Eye Lower Lows

Source Node: https://bitcoinist.com/xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows
Time Stamp: August 3, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has been able to post some notable gains throughout the past couple of days Its recent upswing has even come about as Bitcoin and Ethereum both reel lower as a result of their latest rejections Despite being laggard throughout the early phases of this rally, the embattled crypto is now looking strong Analysts are still cautious about its mid-term outlook, however, as this latest upswing could simply mark a “bearish retest” of the upper boundary of a long-held trading range If this is the case, then it may still see

Cryptocurrency News Roundup for Aug 3, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-aug-3-2020/
Time Stamp: August 3, 2020 3:43 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. Fitch added that a “resurgence of inflation” could be on the cards, which would in turn force the Fed to increase interest rates. It would be interesting to see the effects that would have on Bitcoin and its brethren.

Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level

Source Node: https://bitcoinist.com/why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level
Time Stamp: August 3, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been flashing some mixed signs to investors as of late Despite seeing intense bullishness throughout the past week as it rallied from the lower-$10,000 region to highs of $12,000, analysts still remain cautious regarding where it may trend next Their present lack of bullishness is rooted in the cryptocurrency’s inability to close its weekly candle above $11,700 This is a historically important level that analysts were closely watching over the past couple of days That being said, it has still maintained above its crucial macro support of $10,600

Ex-Chinese Banking Exec Says CBDCs Will Substitute Cash in Circulation

Source Node: https://beincrypto.com/ex-chinese-executive-says-digital-currencies-will-substitute-cash-in-circulation/
Time Stamp: August 3, 2020 10:26 AM - Modified On: May 21, 2021 - Published By:
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A former Bank of China executive has shown his support for digital currencies, positioning it as a substitute for cash, widely known in economic circles as M0. Ex-vice president of China’s central bank, Wang Yongli, said that digital currencies should substitute all currencies “as much as possible”. The push for digital currency: “shouldn’t be confined to such substitution; otherwise, its market competitiveness could be problematic,” ,he said. Yongli is the present director of the Haixia blockchain research institute and previously served at the People’s Bank of China (PBoC) for over

Ethereum’s Compound (COMP) Slides to Multi-Month Low Despite DeFi Explosion

Source Node: https://bitcoinist.com/ethereums-compound-comp-slides-multi-month-low/?utm_source=rss&utm_medium=rss&utm_campaign=ethereums-compound-comp-slides-multi-month-low
Time Stamp: August 2, 2020 4:30 PM - Modified On: May 21, 2021 - Published By:
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While Bitcoin and Ethereum have seen notable bounces since imploding on Saturday evening, Compound and other altcoins are underperforming. The Ethereum-based coin is down 7.5% in the past 24 hours as per data from Coin Market Cap. This comes in spite of the fact that decentralized finance (DeFi), which Compound is a market leader in, has seen strong adoption. Altcoins could see further losses against Bitcoin and the dollar if the market leaders continue to undergo bouts of volatility. Compound Slides Lower In Spite of DeFi Strength The Ethereum-based Compound

Bitcoin Reddit Roundup – July 2020

Source Node: https://bitcoinmagazine.com/articles/bitcoin-reddit-roundup?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-reddit-roundup
Time Stamp: August 1, 2020 12:07 PM - Modified On: May 21, 2021 - Published By:
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Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining. In this roundup there are 10 different categories of links: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun, And Other. Big shoutout to Sam Wouter,