Coinmarketbook Gauges Cryptocurrencies by Buy Support Rather Than Market Cap

A lot of cryptocurrency enthusiasts and market observers reference websites that measure the digital asset economy by market capitalization. Now there’s a new data website, Coinmarketbook.cc, that calculates a cryptocurrency’s buy support based on order books held on various exchanges. Also read: US Law Enforcement Wants Surveillance Tools for Privacy Coins   ‘Market Cap is a Lie’ There are many analytical websites that record the data of the largest digital assets by value and most of them focus on the total market valuation of each currency. Sites like Satoshi Pulse refer to…

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Bitcoin Drops Nearly 5%, Approaches 2018 Lows Amidst Market Sell-Off

After being unable to stabilize above the important psychological price level of $4,000, Bitcoin has continued to sell-off and is now approaching its 2018 lows. Bitcoin’s latest leg down has led to a widespread market drop that has seen many altcoins drop 3% or more over a 24-hour trading period. At the time of writing, Bitcoin is trading down 4.65% in 24 hours at its current price of $3,786. Today’s drop was not unexpected, considering that it was unable to stabilize above $4,000, and was slowly pushed into the $3,900 region…

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The Daily: Binance Shows DEX Preview, Ohio to Attract Blockchain Startups With Big Investment

In today’s edition of The Daily, we cover Binance’s second preview of its upcoming decentralized exchange and how the state of Ohio plans to attract blockchain startups with big investments and tax breaks. We also look at the lifting of a mining moratorium in Washington state and an update on the financial performance of the Bitcoin.de operator. Also Read: Chinese Government-Backed Company to Launch Stablecoin Binance Offers Update on Decentralized Exchange Binance has released a new demonstration for the upcoming decentralized exchange (DEX) based on its BNB token. The video…

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Chatter Report: Pompliano Praises Bitcoin Performance, Antonopoulos Says Death Spiral ‘Unlikely’

News In today’s Chatter Report, we explore the different ways crypto influencers have been responding to the low prices of 2018. Some are unfazed like Anthony Pompliano, who still believes that bitcoin is the best performing asset. Others are reassuring like Andreas Antonopoulos, who has been busy addressing concerns about bitcoin being in a death spiral. The rest are pensive like James McAvity, who has been theorizing about which miners are holding their coins rather than selling them. Also Read: Paxful Completes Second School in Rwanda #BuiltWithBitcoin Bitcoin is the ‘Best Performing…

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Cryptocurrency Bear Market: Four Options – Choose Wisely

In the decade since the introduction of bitcoin, it has been a rollercoaster of a ride for cryptocurrency investors – especially after the start of the bull run late in 2017. There have been thrills and spills, and more ups than downs across the 10 years. Certainly, those who were clever – or lucky – enough to invest in the early days will be very pleased with their yield. Much like a rollercoaster, following a steep ascent comes an exhilarating – sometimes scary – drop, and that has been the case for…

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Japan’s Money Forward Announces Details of Upcoming Crypto Exchange

Japanese public company Money Forward, operator of a personal budgeting app with 7 million users, is preparing to launch a crypto exchange. Three cryptocurrencies will be supported. A representative of the company has shared some details with news.Bitcoin.com about the platform and the company’s future crypto projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New Crypto Exchange Money Forward Financial Inc., a wholly owned subsidiary of Tokyo Stock Exchange-listed Money Forward Inc. (TYO: 3994), has announced some details of its upcoming cryptocurrency exchange. A representative…

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Bitcoin Cash Price Analysis: BCH/USD Crashes Below $150

Key Points Bitcoin cash price traded further lower and broke the $150 support level against the US Dollar. There is a new connecting bearish trend line formed with resistance near $148 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $140 level in the near term. Bitcoin cash price extended losses below $150 against the US Dollar. BCH/USD may continue to move down and it could even test the $125 level. Bitcoin Cash Price Analysis Yesterday,…

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Political Decentralization: Freeing the Internet From Monopolists With Crypto-Tech

This piece on political decentralization was written by Jonas Sevel Karlberg. Karlberg advises several prominent projects and is a co-founder of the Nordic Blockchain Association. He is also the founder and CEO of AmaZix. *** The internet was born from an ideal for information to be shared by all, with all, and was seen as the archetypal decentralized system. Today, however, commercialization by monopolistic and powerful actors has created a system in which we are shown information paid for by the highest bidders, and can only access what the wealthy and…

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