bitcoin Cryptocurrency News 

Bitcoin Dying? This Bullish Metric Just Notched a New All-Time High

The number of bitcoin addresses with any balance exceeded its January 2018 high. Even though the metric is not perfect, it provides a rough estimate of bitcoin’s adoption rate. The synchronicity in the growth of this metric and the explosion of dormant bitcoin addresses suggests accumulation. Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A minor bitcoin rally later, and almost everyone is tweeting about…

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bitcoin Cryptocurrency News 

Bitcoin Surges 10% in 10 Minutes as Shorts Suffer $60 Million Beatdown

Bitcoin rose 10% in less than 10 minutes, causing $60 million worth of shorts to be liquidated. The sudden liquidation of large contracts fueled a spike to $7,800. Technical analysts remain cautious on the short-term trend of bitcoin. The bitcoin price surged 10% in just 10 minutes on Wednesday, lifting BTC as high as $7,800. The move liquidated $60 million worth of shorts on BitMEX in one of the strongest short squeezes in recent months. The bitcoin price jumped as high as $7,800 today. | Source: TradingView Prior to the…

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bitcoin Cryptocurrency News 

Analyst Explains Why Bitcoin Price Could Plummet to $2,020 in 2020

An analyst says bitcoin could crash to $2,000 to $3,000 range as miners sell-off. In December 2018, bitcoin dropped from $6,000 to around $3,000 within weeks. If miners capitulate, they are likely to return after the halving. While many investors expect the dip to $6,600 of bitcoin last week to have been a bottom, one analyst believes the bitcoin price could fall to as low as $2,020 in 2020. This looks bad… The perception of value for #bitcoin exceeded the 2017 mania this year but price did not. A change…

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bitcoin Cryptocurrency News Plan B Timothy Peterson 

Bitcoin Price Could Hit $1 Million on February 1st 2028, New Model Suggests

If bitcoin follows historical trends, it could tip $1 million by February 1st 2028. Based on extrapolating Timothy Peterson’s ‘never look back’ chart which tracks bitcoin’s lower troughs. The chart echoes Plan B’s ‘stock to flow’ model which puts BTC at $1 million near the end of the next decade. Plenty of analysts have predicted a million-dollar bitcoin. But few have targeted such a specific date. By analyzing historical bitcoin price action, however, it’s estimated that BTC could hit $1 million on precisely February 1st, 2018. The million-dollar target has…

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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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bitcoin Cryptocurrency News méxico Pemex 

Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier this week with ransomware are demanding hundreds of Bitcoin in order to provide the decryption software. According to Bleeping Computer, the ransomware used to target the Fortune 500 firm is DoppelPaymer. So far Pemex believes…

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bitcoin Gaming marc merrill Riot Games 

League of Legends Co-Creator Loses $5 Million in Major Crypto Scam

Riot Games Co-Founder Marc Merrill reportedly lost $5 million in a crypto scam. A fraudster used his credentials to purchase Amazon cloud computing servers. It took nearly four years for the fraud to be discovered. One of the co-founders of Riot Games, the developer behind League of Legends, has reportedly lost $5 million in a major cryptocurrency scam. Matthew Ho, a Singaporean national, is alleged to have used Marc Merill’s credit card information to purchase Amazon cloud computing technology. Source: Twitter Beginning in November 2014, Ho used Merill’s American Express…

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bitcoin Cryptocurrency News Market News Opinion ray dalio 

Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right chords with themes such as the Fed printing money and the threat of “three…

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bitcoin Cryptocurrency News Ethereum XRP 

Bitcoin, Ethereum and XRP Prepare for Volatility; Bullish or Bearish?

Bitcoin and Ethereum are consolidating within a narrow trading range. Bitcoin may have resumed its macro-uptrend, said a renowned technical analyst. XRP prepares for a major event that could trigger an increase in demand. Last week, the total crypto market capitalization surged over 40% to reach a high of $267 billion. During this time, approximately $77 billion was injected into the market. Bitcoin jumped over 42% while Ethereum and XRP rose nearly 30%. Despite the bullish impulse, these cryptocurrencies entered a consolidation phase and could be on the verge of…

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bitcoin Bitcoin Education bitcoin myths Op-ed 

Knowing The 3 Biggest Bitcoin Myths Can Save You Money

One of the biggest mistakes you can make as an investor or trader is to live inside an echo chamber. That’s how bubbles get created. Back in 1999, everyone thought you could do no wrong by investing in tech stocks and Internet stocks. Then the NASDAQ crashed 70%. Last year, everyone thought marijuana stocks would all go through the roof because of the massive short squeeze in Tilray. Now, most of those stocks have fallen by more than 50%. Every time you hear about the hot new thing, or see…

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