It took less than a month for bitcoin (BTC) to erase almost all its gains the market saw in the end of October. At pixel time (15:36 UTC), BTC trades at c. USD 7,684 and is down by 6% in the past 24 hours, by 12% in the past week, increasing its monthly loss to…
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Source: a video screenshot, Youtube, Castanet News Two men walk into a grocery shop and commit a Bitcoin (BTC) ATM robbery. No, not a joke, but actual news, and – in a twist of irony – an unfavorable example of crypto / blockchain adoption. Apparently, BTC ATM’s have become commonplace enough for your regular, ol’,…
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In the past few sessions, there were mostly range moves above the USD 8,000 support. BTC/USD made an attempt to climb above the USD 8,200 and USD 8,250 resistance levels, but it failed. It is currently (09:00 UTC) consolidating and remains at a risk of more losses below USD 8,000. Likewise, many major altcoins struggled…
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The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated. While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market capitalization, Canaan raised USD 90 million after pricing its U.S. IPO…
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Source: iStock/Ja’Crispy The sixth richest Bitcoin wallet with nearly BTC 80,000 (c. USD 653 million) has been lying dormant ever since March 2011. The coins originate from the first major hack of the now bankrupt Mt. Gox exchange, and the owner of the wallet has never spent a sat, leading many to question whether its…
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In the past few sessions, there was a downside extension in bitcoin price below the USD 8,250 and USD 8,050 support levels. BTC/USD even tested the USD 8,000 handle and it is currently (09:00 UTC) correcting higher. However, there are many resistances on the upside near USD 8,250 and USD 8,320. Similarly, most major altcoins…
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As the price of Bitcoin (BTC) continues to drop, there’s been talk that many Bitcoin miners will have to start shutting down their machines. The world’s most expensive cryptocurrency has been getting cheaper lately, dropping below USD 9,000 on November 8, and some analysts estimate it could go below USD 7,000 before its mining reward…
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Source: iStock/Albert_Karimov Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Bitcoin news At least BTC 1.5 million (USD 12 billion), or c. 8% of the current Bitcoin’s supply, might be assumed to be lost, crypto market analysis firm Coin…
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Yesterday, we discussed the possibility of a downside extension in bitcoin towards the USD 8,250 and USD 8,050 support levels. BTC/USD did decline recently and broke the USD 8,250 support area. The price is now (09:00 UTC) struggling to stay above the USD 8,050 and USD 8,000 support levels. Similarly, most major altcoins extended their…
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There will be a bull run, but not next year, says crypto analyst Tone Vays. And before we get on that road, Bitcoin (BTC) may drop below USD 7,000 before the mining reward halving, he adds. “At the moment, I still see lower prices,” said Vays in a recent interview with Block TV. “I still…
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