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Italy’s Economic Pain Is the Bitcoin Price’s Gain

May J, 2018
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Italy’s Economic Pain Is the Bitcoin Price’s Gain   Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation.   Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds are going bust, and the negativity has spilled over into stocks as well. But as the global financial markets are reeling, bitcoin is finally beginning…

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A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin

May J, 2018
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A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin Bitcoin's lightning network may be just starting to send transactions over the blockchain, but already its developers are looking to rearchitect the technology.   That's because, while touted as a way to significantly boost bitcoin's capacity, the network itself does require users to store a significant amount of data, which makes it difficult to download and run. As such, several lightning developers – Lightning Labs co-founder 'Laolu' Osuntokun…

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Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level

May J, 2018
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Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level   Bitcoin is down to the last line of defense for bulls but a reversal candlestick is forming. BITCOIN PRICE ANALYSIS Bitcoin is consolidating inside a symmetrical triangle on its daily time frame and is currently testing support. This could be the last line of defense for buyers, as a break below support could signal that a longer-term selloff is underway.   However, a reversal candlestick or a doji appears…

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87.5% of all Bitcoins [BTC] will be mined by 2020 – Here’s why it matters!

May J, 2018
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87.5% of all Bitcoins [BTC] will be mined by 2020 – Here’s why it matters! The block reward for Bitcoin will halve next in about two years from the time of publishing this article. The estimated time for the next half of the reward is around 732 days, but it is relevant now for a few reasons. The current bear market offers opportunities for investors to buy and hold Bitcoin, as it is currently trading at a low since the…

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World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot

May J, 2018
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World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot De Beers Group has announced that the world’s largest diamond jewelry retailer has joined their diamond supply blockchain platform Tracr, according to a press release published May 24. Signet Jewelers joined the project, which aims to bring transparency to the industry, in addition to boosting consumer confidence. Signet will join the Tracr platform in its pilot version, which according to the press release, will enable the platform to complete a…

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Bitcoin (BTC) Price Watch – Can It Finally Bounce?

May J, 2018
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Bitcoin (BTC) Price Watch – Can It Finally Bounce?   Bitcoin Price Key Highlights   Bitcoin price is still inside its symmetrical triangle formation and is currently testing support. A bounce could take it back up to the resistance around $9,000 while a break lower could lead to a test of the next support at $6,500. Technical indicators are showing mixed signals, so the move could mostly depend on market catalysts. Bitcoin price has sold off to the very bottom…

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Bitcoin and Ethereum Price Forecast – BTC Prices Crash Through Support

May J, 2018
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Bitcoin and Ethereum Price Forecast – BTC Prices Crash Through Support The BTC prices have fallen hard over the last few hours and the prices now trade below the $7500 region as of this writing. We had mentioned yesterday that the support region around $7800 was under severe pressure and if and when there is a break through this region, we should see the bears back in control and that’s what we are seeing now. There are no specific reasons…

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Bitcoin (BTC) Price Watch – Kashkari Comments Bring Sellers In

May J, 2018
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Bitcoin (BTC) Price Watch – Kashkari Comments Bring Sellers In Bitcoin Price Key Highlights Bitcoin price resumed its drop as price is now breaking past the mid-range area of interest. This could put it on track towards testing the range floor at the $6,550 level. Technical indicators are confirming that selling pressure is still in play. Bitcoin price seems poised for more losses as it reeled from Kashkari’s remarks and is setting its sights on the range bottom.   Technical…

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Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases

May J, 2018
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Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases   Brian Kelly, the founder and CEO of BKCM LLC, an investment company focused on cryptocurrencies, came out bullish on Bitcoin Cash (BCH) on CNBC May 21. On Saturday, BCH miners reportedly had a meeting dedicated to funding for a BCH development fund. Miners are looking to allocate some part of the reward they receive from mining and invest it to expand the BCH ecosystem, Kelly explained. The…

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Bitcoin Price Analysis – Consolidation continues

May J, 2018
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Bitcoin Price Analysis – Consolidation continues     Bitcoin (BTC) has continued to seesaw, sliding 20% since May 6th and then recovering slightly over the past few days. The market cap now stands at US$144.86 billion, with US$1.64 billion traded in the past 24 hours. On the network side, hash rate and difficulty continue to push record highs, with ongoing shipments of ASICs from multiple mining companies, including Bitmain and Halong. Although the original Bitcoin Whitepaperdescribed Proof of Work (PoW)…

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