bitcoin Cryptocurrency News 

Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook

The bitcoin price dropped by 31% since October 26, in just over a month. Yet, Blockchain Capital partner Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The cryptocurrency market showed signs of stagnation throughout November following China’s crackdown on small exchanges and the sell-off of bitcoin on spot exchanges like Huobi and Binance. Bitcoin is nearing a critical juncture as its recent sell-off shows few signs of slowing. Blockchain Capital’s Spencer Bogart sees Bitcoin prices going higher https://t.co/EKGtumm5x9 pic.twitter.com/gUZUIG3KFn — Bloomberg TV (@BloombergTV) December 2, 2019 Why…

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bitcoin Cryptocurrency News hal finney Jack Dorsey satoshi nakamoto 

In Nod to Crypto Community, Twitter Won’t Purge Hal Finney’s Account

Crypto Twitter members breathed a collective sigh of relief today after some reassurance from the man himself. Square Crypto, whose Twitter account is seemingly manned by bitcoin bull Jack Dorsey, revealed that the Twitter account of the late Hal Finney isn’t going anywhere. It started with a tweet by bitcoin rewards app Lolli, which asked Dorsey and Twitter what would happen to the @halfin handle in light of the social media platform’s pursuit to shutter inactive accounts. Hal Finney was a software engineer and cryptographer who is famous for receiving…

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anthony pompliano bitcoin Cryptocurrency News gold Peter Schiff 

Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp

Bitcoin maximalist Anthony Pompliano claims he will never bail out of his long positions. Gold cheerleader Peter Schiff likens this to a Titanic captain – loyal but misguided. Even with its recent price plunge, bitcoin is still massively outperforming gold. At What Point Will Bitcoin Maximalists Capitulate? Peter Schiff never passes up a good opportunity to roast bitcoiners. The flagship cryptocurrency’s unexpected decline in the second half of this year has not gone unnoticed for (arguably) gold’s biggest cheerleader. But maximalists like Anthony ‘Pomp’ Pompliano of Morgan Creek Digital are…

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bitcoin Cryptocurrency News 

Sub-$7000 Bitcoin Price Bloodbath Could Spiral Near $4,000, Warns Analyst

Peter Schiff believes bitcoin is breaking out of a bearish formation and is heading to $1,000. A renowned technical analyst thinks that such a bearish pattern could, instead, take BTC to $4,000, if validated. Several technical indicators add credibility to a further drop, but there is still a chance for a rebound. On Oct. 19, the veteran gold bug and longtime crypto critic Peter Schiff entertained the idea that a head-and-shoulders pattern was developing on bitcoin’s 1-day chart. He said that if this technical pattern was validated, BTC could drop…

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bitcoin Brian Kelly Cryptocurrency News 

Bitcoin Price Falters but Fundamentals Remain Intact

The bitcoin price is putting the crypto community to the test. Bitcoin fundamentals, however, remain solid. Altcoins are down in sympathy. It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that is only exacerbating already precarious market conditions. In fact, the only thing harder than being a bitcoin investor these days is being an altcoin investor, given they are subject to the whims of a violently volatile larger…

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bitcoin hong kong Politics 

Hong Kong Protests Emphasize the Safe-Haven Value of Bitcoin to the World

Protestors set fire to a university in Hong Kong and threw petrol bombs at police. Many Hong Kongers are selling their homes and fleeing the country to get away from the demonstrations. The possibility of capital control stresses the need for a decentralized currency that also acts as a safe store of value. The Hong Kong protests have entered their fifth month and they’re showing no signs of slowing down. The civil unrest exploded after the government proposed amendments to legislation that would allow criminals to be extradited to mainland…

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bitcoin Changpeng Zhao Cryptocurrency News 

Crypto Market Leaders Share Their Worst Banking Experiences

Many of the people working in the cryptocurrency industry had a negative banking experience. Some were prevented from accessing their funds while others lost their accounts. It’s no surprise that many people are working hard to disrupt the banking industry. Many of today’s leaders in the cryptocurrency space were victims of poor banking. To some, the experience was so bad that they are now spearheading the disruption of the banking system. For instance, Changpeng Zhao, chief executive of Binance, shared one negative experience with the Royal Bank of Canada. Changpeng…

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bakkt bitcoin Cryptocurrency News 

Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt launched its institutional custody services. The Bakkt Warehouse launched with a robust insurance policy and a range of clients. Bakkt’s daily trading volume is picking up. Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody, but the firm believes that it would set the stage for the mass adoption of the technology. The Bakkt Warehouse In a blog post, Bakkt announced that it received authorization from the…

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bitcoin china Cryptocurrency News people's bank of china 

China’s State Media Just Headlined Bitcoin to 1.4 Billion People

Chinese State Media Praise Bitcoin as a “Successful Application of Blockchain” Blockchain fever overruns the people’s republic Bitcoin propaganda comes as China preps to launch digital currency in 2020 China has taken yet another step towards fully embracing Bitcoin, calling it “The First successful application of blockchain technology.” The entirety of the people’s republic has been on a blockchain hype beyond anything thing imaginable recently. However, this latest admission from Chinese state media has transcended the strange grey area between bitcoin and blockchain. Finally, despite years of denouncing, and outlawing…

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