A $12K-Retest for Bitcoin Likely On-Chain Activity Suggests

Bitcoin could hit $12,000 or break above it in the coming sessions as its on-chain activity spikes. According to behavioral analysis platform Santiment, the number of daily active addresses climbed above 1 million on August 3. That, as Santiment noted, validated a scope for a price rally ahead. Bitcoin closed above $12,000 earlier this week on mounting selling pressure near the level. The cryptocurrency eventually dropped back to $10,500 only to attempt another bounce upwards of $11,000. As the game of consolidation continues for three days in a row, Santiment…

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XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD…

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Derivatives Data: Investors Think Bitcoin Will Continue Higher After 20% Surge

Despite the pullback from the Monday highs, Bitcoin remains above key resistance levels. As of this article’s writing, the leading cryptocurrency trades for $11,300. There are some bears that believe this rally is just a deviation from the range BTC was trading in. Derivatives data, though, shows that many traders are betting on Bitcoin continuing higher in the weeks and months ahead. Prominent market commentators agree with this positive sentiment that the cryptocurrency will continue higher. These prominent market commentators include the head of crypto funds and a senior analyst…

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Billion Euro “One Coin” Scam Linked to EU Commission Victims Demand Restitution from Crypto Industry

Brussels: Even as the European Union struggles to hammer out a comprehensive crypto asset regulatory scheme; the European Commission allows the discredited One Coin/One Life Ponzi scheme to utilize it top level domain .EU. One Coin/One Life is the most notorious Ponzi scheme of the decade.  Between €4-5 billion has been swallowed up and despite disappearances, arrests and even murders of its promoters, the One Coin criminal juggernaut continues to defraud investors. In Spring of this year, the European Parliament announced a consultation in preparation for an EU wide crypto…

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Ethereum Retraces After Hitting Crucial Resistance; Here’s How Low It May Dip

Ethereum is currently retracing following its intense move higher throughout the past few days The cryptocurrency remains technically strong and is sitting well above where it was trading at just one week ago Despite this, analysts are also noting that it recently reached the top of a crucial range seen while looking at its BTC trading pair One analyst is noting that he expects the cryptocurrency’s uptrend to stall here, potentially causing ETH to see some notable near-term downside Despite this, the crypto has yet to tap its crucial USD…

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Analyst Who Forecasted Latest Bitcoin Rally Now Predicts Move to $18,000

Bitcoin’s price has found some notable stability in the time following its intense rally past $11,000 seen yesterday Although the cryptocurrency has not yet retraced following this incredible movement, it does appear to be facing some resistance above its current price levels BTC is now establishing the $11,000 level as support, which is a highly bullish sign – according to analysts One prominent trader who forecasted this latest movement is now noting that the crypto could be well-positioned to rally up towards $18,000 in the near-term Bitcoin and the entire…

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ChainUP Offers Credit Card Services in over 146 Countries and Regions

Singapore, 15th July, 2020 – Leading blockchain technology service provider ChainUP is pleased to announce that it now offers fiat-to-crypto credit card services in more than 146 countries and regions. The new payment gateway supports more than 40 of the top cryptocurrencies such as BTC, ETH, BCH etc. and integrates more than 300 different payment methods such as Visa, Master Card, Apple Pay and many others. After verifying their identities through KYC/AML procedures, users can then use USD, EUR, GBP and other fiat currencies to conduct transactions. Boasting one-key activation…

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The Power Solution: Decentralizing E-Mobility Charging Infrastructure Using the Power of Blockchain

The future of automobile and mobility is poised for a major overhaul over the next decade with electric vehicles dominating the market. Tesla’s massive growth over the last year is a major indicator that the demand for electric vehicles is surging like never before. Although the market is ripe for electric vehicles to dominate the automobile sector, a major push is required to simultaneously develop the electric charging infrastructure and make it more efficient. While big automobile giants continue to expand their charging infrastructure and services, we are still far…

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The 0xBitcoin Solution for the DeFi Industry

Within the crypto sector, DeFi is one of the fastest-growing sub-sectors. The idea of DeFi or decentralized finance is based on the concept that the financial system can be recreated, but this time in a decentralized fashion. Essentially, it would allow everyone to access all the financial instruments available in the financial world without the centralized control of governments and companies. Recent allegations about the misuse of funds by centralized financial firms in the crypto world– such as Tether– have helped to spur interest in DeFi. The original DeFi applications…

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Zimbabwe’s Mobile Money Ban And The Impacts On Bitcoin Trading

Zimbabwean authorities’ ongoing tussle with mobile money operators (MMO) reached a crescendo when a government official shocked the world by announcing a suspension of this service.  The suspension, which took immediate effect, was immediately rebuffed by Ecocash, the largest of the three mobile money operators (MMOs). Sensing potential divisions within the ranks of regulators, Ecocash quickly called out this irregular and potentially illegal announcement. In a statement attributed to Ecocash, the MMO says it is only guided by instructions from the country’s central bank, the Reserve Bank of Zimbabwe (RBZ).…

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