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Litecoin on the verge of a Head and Shoulders drop as Death Cross looms

Litecoin is looking to slump even further. The world’s fifth largest cryptocurrency has been in a slump since its halving earlier this month, dropping below resistance after resistance and breaching the $75 mark. Now, the coin is on the precipice of a slump below $70 for the first time in 4 months. The larger market...
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Bitcoin’s $130 million buy wall on BitMEX is either an actual whale helping bulls or a spoof trader trying to profit

The cryptocurrency ecosystem has been critiqued by traditional markets for being unregulated and a place for crooks, criminals, and grifters to fleece noobs who know very little about what happens behind the scenes. It has been the center of speculation for many, while for others, it has been a place to get rich quick. Today,...
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Ripple’s Brad Garlinghouse tries to dispel speculation amid reports of high inflation rate

Ripple has substantially reduced XRP sales. While Ripple had claimed to have remained transparent about the actual figures of XRP sales in its recent market report, the blockchain firm was at the receiving end of allegations which claimed that it provided manipulated figures. One of the front-runners of the industry, Ripple, has drawn passionate and...
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Craig Wright reacts to U.S District Court asking him to hand over 50% of his Bitcoin holdings to Kleiman

Bitcoin SV’s Craig Wright hasn’t been one to stay away from the spotlight for long. nChain’s Chief Scientist in in the limelight again after the latest ruling in the case between the self-proclaimed Satoshi Nakamoto and David Kleiman broke the cryptoverse. In the aforementioned case, it was ruled that Craig Wright must forfeit half of...
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Swiss regulator approves banking license for crypto banks; updated KYC AML rules follow

As crypto businesses have started to make the move into crypto-friendly geographies to avoid risk of shutting down, Switzerland made headlines on the other side of this spectrum by announcing banking licenses to two cryptocurrency-focused banks. According to the official report, “For the first time, FINMA has issued banking and securities dealers’ licences to two...
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Ethereum Classic and Bitcoin SV futures contract to be launched on OKEx exchange

OKEx, a Malta-based cryptocurrency exchange which is responsible for $1.5 billion of volume per day on BTC futures trade, announced on Twitter that their Daily Settlement for Bitcoin SV and Ethereum Classic futures contract would be launched on 26th August, at 10 am [CEST, UTC+2]. The exchange had recently revealed its plans of launching Futures...
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XRP’s rising tide likely to face hurdle with formation of descending triangle

The year 2019 has been rough for XRP solely because of its price. As the new year set in, XRP’s price consolidated mainly between the price range $0.2604 and $0.3834. After numerous tries, the third-largest coin broke out from the consolidating price range but eventually had to return after 56 days. Since then, the price...
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Ethereum’s falling price may find respite as coin consolidates within symmetrical triangle

It has been another gloomy week for Ethereum, in terms of its price. Ethereum was valued above $200 dollars, at the beginning of the week (19th August) but at press time the price was under $190. The coin’s valuation plummeted by 5.48 percent over the past seven days and trade volume over the time period...
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XRP’s price may take another hit as coin moves towards breaching descending triangle

The previous year had been ruthless to cryptocurrencies, however, this year has been all about recovering from the bear’s attack for most coins but one.  XRP’s adoption spree is evident, but that has not helped it break away from the continuous consolidation pattern the coin has been subjected to. As it goes through minor crests...
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XRP’s price to climb upwards after coin fights off immediate bears

XRP has not been having a great year, in terms of price as the market reports negative YTD returns for Ripple’s native token. However, XRP has been on an adoption spree since the beginning of the year, Ripple’s recent partnership with MoneyGram being an illustrious example. Despite the technology and institutional partnerships turning heads, the...
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Litecoin entering dangerous territory as slump could mean the dawn of the Death Cross

Litecoin’s post-halving slump should be met with concern. The fifth-largest cryptocurrency in the market has been in a slump since the beginning of the month, with many dismissing it as simply the halving bears. However, the digital silver is now entering dangerous territory. Since topping out at $144 during the close of June, the price...
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XRP worth over $150 million moved between wallets as whales continue to wake up from dormancy

XRP whales continued to remain active in the market, despite the continuous sideways price movement of Ripple’s native coin. One of these whales was caught in the act of transfering significant amount of funds in XRP by Whale Alert, one of the web’s major cryptocurrency transaction trackers. Whale Alert shared news of the same on...
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XRP’s price might fall further as coin consolidates between ascending channel

XRP had been falling since the beginning of the year, while other coins experienced their own share of ups and downs in the market. However, the YTD returns of XRP have been disappointing, with the popular altocin recording a YTD of -23.85%. The coin doesn’t seem to be finding respite, even in the short term,...
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Bitcoin SV trumps Bitcoin Cash in terms of network activity, claims report

The “aggressive hash war” that led to the split of Bitcoin SV from Bitcoin Cash continues to split the two camps and the cryptocurrency market. However, despite the fact that growth patterns of both the fork coins have been similar, recent analysis suggests that BSV is growing a bit faster. Despite it being two years...
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Telx Technologies launches world’s first crypto-facilitating SIM card

Telecommunications company Telx Technologies has announced the launch of a SIM card which can be used to transact cryptocurrencies via SMS. The agenda behind the project is to enable people to send money internationally without the need for a smartphone, Internet connection or wallet app/address. According to Telx, its launch will be the world’s first...
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Hybrid stablecoins such as Facebook’s Libra could lose benefits offered by centralized, decentralized assets

One of the main drawbacks associated with the cryptocurrency market is its highly volatile price activity. The volatility was and still is, considered a major hindrance when it comes to the mass adoption of virtual assets. The introduction of stablecoins was meant to tackle this associated crypto-volatility. However, not all stablecoins operate the same way...
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Bitcoin, Ethereum prices fall massively on BitMax as users attribute it to exchange’s low liquidity

Margin trading has taken the cryptoverse by storm lately, with Malta-based Binance recently introducing margin trading for a number of cryptocurrencies on its platform. A number of other exchanges have also followed its lead. However, margin trading comes with a lot of risks, and if there is not enough liquidity on the exchange, whales can...
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Developer releases tool to automatically detect Ripple xRapid transactions

On August 9, 2019, Twitter user and developer H_M_X_ (@hmatejx), a member of the XRP community, announced that he will be releasing an automatic detector for Ripple xRapid transactions from US Dollars to Mexican Pesos. Automatic detection of xRapid transactions from Bitstamp (USD) to Bitso (MXN) comming soon… pic.twitter.com/d7CQmsbGwF — H_M_X_ (@hmatejx) August 9, 2019...
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Ripple’s partnership with MoneyGram reaps 25% growth in XRP/MXN volume

Ripple, a real-time gross settlements system and remittance network, had recently announced a strategic partnership with MoneyGram, one of the world’s foremost money transfer companies. Immediately after this partnership went live, XRP/MXN volume on Bitso rose by 25%. Breanne M. Madigan of Global Institutional Markets at Ripple commented, “New (and notable) data shows that although...
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Binance releases latest update on KYC ‘leak’ episode; points out discrepancies between leaked images & KYC data

Binance is no stranger to cryptocurrency hacks and scams, with $40.7 million (700 BTC) being stolen from the exchange just recently. While Changpeng Zhao, the exchange’s CEO managed to alleviate concerns with informed communication, the exchange was also targetted by a leak of KYC documents. Today, Binance released an official blog post titled “Update &...
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Bitmain orders 600,000 mining chips; purchase may drive valuation to $12 billion

According to a recent update on the Chinese social media network WeChat, a source close to the chip-manufacturing firm, Taiwan Semiconductor Manufacturing Company, revealed that Bitmain has reportedly placed an order for 600,000 mining chips. If true, this hige bid is likely to bring in huge profits for Bitmain. Interestingly, this batch includes the latest...
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John McAfee’s cryptocurrency trading platform launches Shadow Trading feature

Eccentric crypto-proponent, tech security expert and U.S Presidential candidate, John McAfee, today announced the introduction of a Shadow Trading feature on his latest cryptocurrency trading platform, McAfee Magic. McAfee’s tweet read, https://t.co/5jRN3sAXvG Shadow Trading is now functional. Give it a try. — John McAfee (@officialmcafee) August 23, 2019 On the FAQ section of the webpage,...
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Decentralized crypto-service networks are more cost-effective & secure than centralized ones, claims Placeholder research

The blockchain revolution starting with Bitcoin had a great impact on the world, not just because it highlighted the importance of a decentralized financial system, but mainly because it highlighted how distributed systems can put power back in the hands of consumers. A recent study by Placeholder, a New York-based investment firm, compared cost structure...
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Tezos partners with Satoshi’s Treasure Hunt; issues grant to Stove Labs to roll-out non-fungible token

Tezoz Foundation is all set to launch Tezos Satoshi’s Treasure Hunt in collaboration with the alternate reality game, Satoshi’s Treasure. According to the official release by the Tezos Foundation, Tezos Satoshi’s Treasure Hunt is a multi-player game in which players would be able to solve puzzles to receive Tez [XTZ] from a prize pool of...
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Circle’s Jeremy Allaire claims Bitcoin’s growing adoption will drive individuals to convert long-term wealth into digital assets

Trade wars are usually good news for non-sovereign, highly secure digital stores of value. With Bitcoin [BTC] registering continuous growth in adoption rate, Circle CEO Jeremy Allaire pictures a scenario where individuals will convert a part of their long-term investment capital into digital assets. Circle shared the interview with Global Coin Research over its official...
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U.S SEC approves blockchain startup to record digital securities

Securitize, a company that converts assets to tokens and manages digital securities on the blockchain, has been registered as a transfer agent with the United States Securities and Exchange Commission. While this will give them the freedom to maintain records for the transfer of securities, the company also claims that being SEC-compliant will help boost...
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Malta-based Binance adds BCHABC, XLM to its new margin trading platform

Malta-based cryptocurrency exchange Binance had launched its margin trading services on its platform, on July 11. The Changpeng Zhao-led exchange debuted its margin trading feature with only six cryptocurrencies, namely, BTC, ETH, XRP, BNB, TRX, and USDT. However, over time, the exchange has added several other cryptocurrencies to the list. A few weeks ago, the...
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Circle’s Jeremy Allaire praises China’s government-backed digital currency

“Our view was that RMB was going to grow in the world”, said Jeremy Allaire, the CEO and founder of the digital currency company Circle, as China geared up for its first-ever government-backed digital currency. Recent reports revealed that the central bank digital currency is “almost ready” after five years of work. In a recent...
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Wikipedia Co-founder fears EOS centralization at the hands of the Chinese

Blockchain protocol EOS’s governance model and centralization have been at the center of controversies, since its inception. From Weiss Ratings lowering EOS’s grade over centralization issues to getting tangled in the alleged reversal of transactions and Dan Larimar’s comments when he “confirmed” that decentralization was not their topmost priority, stating “it isn’t what we’re after”...
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Litecoin foundation’s Board Director addresses GitHub issue and decline in LTC hashrate 

In an official statement from, Xinxi Wang, a board director at the Litecoin Foundation addressed the Github issue, and said “Github was updated frequently but not in the main repo”. In a recent interview published on XCong.com, Wang revealed Adrian Gallagher, the Litecoin core developer, was testing the latest 0.18.1 version. He further said that...
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