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China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

Source Node: https://ambcrypto.com/china-is-the-pbocs-new-reminder-on-bitcoins-status-really-new/
Time Stamp: August 27, 2021 9:30 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

Magnificent Seven: XTZ, AVAX, TEL, ENJ, XMR, SOL, ZEN — Biggest Gainers Aug 20 – 27

Source Node: https://beincrypto.com/magnificent-seven-xtz-avax-tel-enj-xmr-sol-zen-biggest-gainers-aug-20-27/
Time Stamp: August 27, 2021 1:40 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

BeInCrypto takes a look at the seven altcoins that increased the most over the past seven days, from Aug 20 to 27.Sponsored Sponsored These altcoins are:  Tezos (XTZ) : 26.23% Avalanche (AVAX) : 24.21% Telcoin (TEL) : 23.30% Enjin Coin (ENJ) : 18.58% Monero (XMR) : 14.56% Solana (SOL) : 14.40% Horizen (ZEN) : 13.13% XTZ XTZ has been increasing since July 20, when it was trading at a low of $2.10. In a span of 36 days, it increased by 160%, leading to a high of $5.45 on Aug.

Bitcoin (BTC) Falls to Support After Rejection from $50,000

Source Node: https://beincrypto.com/bitcoin-btc-falls-support-after-rejection-50000/
Time Stamp: August 27, 2021 3:42 AM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

On Aug 16, Bitcoin (BTC) created a bearish engulfing candlestick and broke down from an ascending support line in the process.Sponsored Sponsored BTC is in the process of validating the line as resistance, after which it could resume its descent towards the closest support area. BTC continues descent BTC has been decreasing since it reached a high of $50,500 on Aug 23. The high was very close to the 0.618 Fib retracement resistance level (black) at $51,200. In addition to this, the downward move was preceded by bearish divergences in

Mark Cuban Gives Crypto-Friendly Warning as Bitcoin Climbs

Source Node: https://beincrypto.com/mark-cuban-gives-crypto-friendly-warning-as-bitcoin-climbs/
Time Stamp: August 11, 2021 12:23 PM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Billionaire investor Mark Cuban issued a warning to crypto investors, as bitcoin prices continue a steady climb. Sponsored Sponsored The crypto space is heated. Investors are on edge as Bitcoin continues to steadily climb towards $50,000. However, the price incline comes at a time when the entire crypto industry could be facing a new reality with the new bill from the Senate.  The original syntax of the bill grouped virtually all participants in the space into the same tax and reporting bracket. If the wording remained as it originally appeared, even

MATIC Rallies Considerably and Breaks Out Above Resistance

Source Node: https://beincrypto.com/matic-rallies-considerably-and-breaks-out-above-resistance/
Time Stamp: August 11, 2021 11:40 AM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Polygon (MATIC) has broken out from a descending resistance line and is attempting to clear the $1.42 horizontal resistance area.Sponsored Sponsored While technical indicators are bullish, the token has to reclaim this level in order for the trend to be considered bullish. MATIC breaks out MATIC had been following a descending resistance line since May 18. However, it bounced on July 20 and managed to break out from the line the next day. Sponsored Sponsored So far, it has reached a high of $1.388, doing so on Aug. 11. The high

Solana (SOL) Approaches Crucial Resistance Level

Source Node: https://beincrypto.com/solana-sol-approaches-crucial-resistance-level/
Time Stamp: August 5, 2021 8:00 AM - Modified On: August 5, 2021 - Published By:
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Republished By Plato

Solana (SOL) bounced at the $24 support area on July 20 and broke out from a descending resistance line nine days later.Sponsored Sponsored It’s now approaching a crucial resistance level near $38.50 which could determine the direction of the longer-term trend. SOL breaks out SOL has been increasing since bouncing at the $24 horizontal support area on July 20. On July 29, it broke out from a descending resistance line that had been in place since the May 18 all-time high.Sponsored Sponsored This led to a high of $37 on

BTC, ETH, XRP, ZEC, SNX, AAVE, BTT — Technical Analysis Aug 5

Source Node: https://beincrypto.com/btc-eth-xrp-zec-snx-aave-btt-technical-analysis-aug-5/
Time Stamp: August 5, 2021 6:48 AM - Modified On: August 5, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) has created a bullish engulfing candlestick and is making an attempt at reclaiming the $40,550 range high.Sponsored Sponsored Ethereum (ETH) has broken out from an ascending parallel channel and is attempting to move above the $2,860 resistance area. XRP (XRP) has been rejected by the resistance line of an ascending parallel channel.Sponsored Sponsored Zcash (ZEC) has broken out from a descending resistance line. Synthetix (SNX) is in the process of breaking out from the $10.30 horizontal resistance area. Aave (AAVE) has reclaimed the $310 horizontal resistance area.  BitTorrent

Avalanche (AVAX) Reclaims Support In Bullish Pattern — Will It Break Out?

Source Node: https://beincrypto.com/avax-reclaims-support-bullish-pattern/
Time Stamp: August 3, 2021 6:32 AM - Modified On: August 3, 2021 - Published By:
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Republished By Plato

Avalanche (AVAX) is trading inside a long-term descending wedge and has reclaimed the $11.50 horizontal support area.Sponsored Sponsored However, it’s also trading inside a short-term ascending parallel channel. Whether it breaks out from the resistance of the channel or gets rejected will likely determine the direction of the next move. Avalanche long-term wedge AVAX has been moving downwards since Feb 10 after reaching a high of $60.30. The decrease was initially gradual, accelerating after a lower high was created on May 7 (red icon).Sponsored Sponsored On June 22, it reached

First Exclusive Interview With the CEO of the Nugenesis Network

Source Node: https://themerkle.com/nugenesis-network-interview-hussein-faraj/
Time Stamp: July 3, 2021 11:12 AM - Modified On: July 3, 2021 - Published By:
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Republished By Plato

Recently we’ve had the opportunity to interview Hussein Faraj, the CEO of NuGenesis Network. We have been following this project for a few months and had wanted to ask a few deeper question in regards to NuCoin. Here are nine questions we asked Mr. Faraj to help you understand the purpose and motivation behind the NuGenesis Network.#1 What made you decide to create your own cryptocurrency project instead of building on an existing platform?In late 2013 we were looking for a solution to a global remittance system, we attempted to

Our communications about the data breach and the phishing attempts

Source Node: https://www.ledger.com/blog/our-communications-about-data-breach
Time Stamp: December 21, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

12/21/2020 | Blog posts, Security Since we discovered the data breach in July we have been as open and transparent as possible and proactive in our communications to our customers. We sent an email to our whole database, approximately 1M people on July 29th, yet only 40% opened this security notice. The same day we communicated openly and proactively to the media: The Block, Decrypt, Capital…  on social media (Twitter, Reddit and Facebook).  This data breach led to aggressive phishing attacks against our clients. We communicated heavily about it. First,