Analyst: Tether Print Hints Strong Bitcoin (BTC) Recovery Back After $4,000 Fall

[ad_1] That’s right ladies and gentlemen, Bitcoin (BTC) has fallen to $9,800. This marks a 30% decline from the asset’s year-to-date high of $13,800 — a key technical resistance and support on Bitcoin’s long-term chart. Related Reading: Edward Snowden on Crypto and Privacy: Bitcoin is Freedom Because It’s Permissionless As analyst Teddy Cleps points out, this foray under $10,000, the first of its kind in about ten days, puts BTC under an array of key supports: the 21-day exponential moving average (EMA), the $11,700 support, the 89-day EMA, and arguably…

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First wave of 120 ERC-20 tokens added to eToro wallet

[ad_1] New tokens include two eToro stablecoins eToroX, the blockchain subsidiary of global investment platform eToro, today announces it will add 120 ERC-20 tokens to its multi-crypto on-chain wallet. The first 5 of the 120 tokens added to the wallet today are 3 cryptoassets: Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG) and two eToro stablecoins: eToro EuroX (EURX) and eToro US DollarX (USDX). Doron Rosenblum, Managing Director of eToroX, comments: “Adding 120 ERC-20 tokens to the eToro wallet is further evidence of our belief that one day all investable assets…

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Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament

On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this consensus mechanism.” Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque A Virtual and Transparent Bitcoin Mining Parliament Will Be Established The system Satoshi Nakamoto created over 10 years ago has invigorated many people’s…

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Altcoins Surge as Bitcoin Taps $9,900; Will BTC Gains Start to Flow Into Other Cryptos?

[ad_1] Bitcoin has been facing mounting selling pressure ever since it first flirted with $13,800 last week. This subsequent drop has led most altcoins to erase the majority of the gains that they have incurred over the past several weeks. Related Reading: Bitcoin Breaks Parabola With Big Downtrend, a BTC Correction Inbound? Despite this, analysts are noting that the many cryptos are now surging against their BTC trading pairs, which could be emblematic of an imminent “altseason,” where profits from Bitcoin’s recent surge are redirected to other cryptocurrencies. Bitcoin Briefly…

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