Catch Emirati-supported Crypto Price Index’s Hotbit Exchange Listing on 15th July 2020

Bitcoin Press Release: Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020. 14th July 2020, ST. JULIAN’S, MALTA – 2020 has brought with it a host of challenges and opportunities, not least within the crypto markets, where we have seen a rollercoaster of peaks and troughs reminiscent of the great crypto rush of 2017. Now, with market sentiment rising, and BTC pushing the 10,000 USD range, we are once again looking to innovative projects to usher in the new…

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The Fall of Bitcoin’s Worst Enemy Could Cause Crypto to Collapse

Today, big banks across the globe begin revealing quarterly revenue results that could send the stock market tumbling. And given Bitcoin’s continued correlation with the stock market, a devastating blow to the asset’s worst enemy may also drag crypto down with it. Bitcoin Prepares for Next Battle In Ongoing War With Its Worst Enemy Bitcoin is the first of its kind cryptocurrency that sparked the creation of an entire industry and financial market, with thousands of altcoins created in its image. The asset was created by Satoshi Nakamoto during the…

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Last Time This On-Chain Signal Appeared, Bitcoin Rallied 30% in 2 Months

After a rally from $3,700 to $10,000 in a matter of months, Bitcoin’s upward trend has paused over recent weeks. BTC’s inability to continue to surge higher has left some expecting downside. Chart of BTC’s price action over the past three months from TradingView.com Prominent gold proponent Peter Schiff recently wrote on Twitter that he expects Bitcoin to break the $9,000 support. Schiff added that he still thinks the cryptocurrency is embroiled in a bear market. Others have argued that Bitcoin failing to surmount the $10,000 resistance is a death…

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How Cryptocurrency Could Compete With Traditional Money

Moving money is one of the most important economic activities in the world – both for businesses and individuals. With data from the World Bank showing that outflows from the UK reached over £7.7 billion in 2018 alone, remittance is big business even though many of us simply head to our banking app or local branch to make the transactions we need. The issue, however, is that it can be costly to send money abroad and even domestically. Depending on the amounts involved along with the location of the destination…

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The Same Trader Who Predicted Bitcoin’s $3k Bottom Is Now Bearish

Most investors have no idea which way Bitcoin will trend. Take the funding rate of BTC futures markets, which are flip-flopping between slightly positive and slightly negative as the consolidation drags on. The chart seen below shows this trend. Chart of BTC’s price action over the past three months with BitMEX funding rate + premium index. Chart from TradingView.com A trader that predicted Bitcoin would bottom at $3,200 months before it did in 2018, though, recently shared bearish sentiment. He shared an analysis predicting that BTC is likely prone to…

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Bitcoin Can Attract Large Capital Inflows on Short Notice: Research

Bitcoin is at the cusp of attracting large capital inflows from the neighboring stablecoin market, according to a weekly research note published by Glassnode. The on-chain market analyst highlighted that the net supply of dollar-pegged tokens surged higher than Bitcoin. It concluded that more money held in stablecoins increases the chances for Bitcoin to start a new price rally on short notice. Bitcoin expects to attract a massive inflow of capital in a potential mass-migration from the stablecoin market, so says Glassnode. The Zug-based data intelligence agency wrote in its…

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Binance Is Hiring For Top Positions In Africa

Global cryptocurrency powerhouse, Binance is expanding its reach on the continent with listings for top positions. Binance has been actively expanding its offering on the continent since last year. Binance added the Nigerian Naira late last year and has added the South African Rand since. At the time of writing, reports indicate that Binance is testing MPESA payments for Kenyan users on the Binance P2P platform. The positions advertised include Business Development – South Africa, Community Manager/Digital Marketing Strategist – Africa, Business Growth Manager – Africa, and Growth Marketing Manager…

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South African Digital Asset Exchange Partners With Leading Global Crypto Exchange OKEx

July 2020 –  OKEx is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. OKEx provides hundreds of trading pairs to help traders optimize their strategy. With just over 20 million users in over 100 countries, OKEx has nearly $1.5b daily trading volume but has surpassed that mark in the past. With a mission to eliminate barriers to transactions and increase the efficiency of transactions across society, this partnership promises to give ChainEX a national and international footprint in the industry. ChainEX is a…

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A Weaker US Dollar Prediction Offsets Bitcoin Bearish Bias for Q3/2020

Bitcoin eyes a significant plunge entering further into the third quarter as S&P 500 stocks unveil a 45 percent drop in quarterly profits. The correlation between the cryptocurrency and the US benchmark index last week hit a record high. Nevertheless, both the risk-on markets may limit their downside move on a weakening US dollar outlook. Analysts have warned that the greenback could plunge in the coming months. Bitcoin’s short-term outlook for the third quarter is fundamentally bearish due to its over-reliance on the S&P 500. The two benchmarks have tailed…

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Bitcoin’s Hash Rate Just Hit a High — Max Keiser Thinks Price Will Follow

Despite stagnation in the Bitcoin market, the hash rate of the leading cryptocurrency has grown stronger and stronger. The hash rate is the measure of the computational power being allocated to mine BTC blocks. As noted by CoinCorner’s Matt Ward, data shows that the hash rate just hit a new all-time high on July 13th. The measure hit 147.88 exahashes per second, which is double that seen a year ago and over 10 times higher than that of 2017’s $20,000 high. #bitcoin hashrate just reached an 𝗮𝗹𝗹 𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵. The…

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