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Crypto Adoption | 55% Below Its Record High | Crypto News Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High, Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade, Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added,  UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets

#crypto #bitcoin

#crypto #bitcoin

Block.one is about to start wielding its juggernaut EOS allocation within the ecosystem’s governance, however the multi-billion greenback developer home has some pre-requisites. In a be aware final Friday, the Cayman Island-based firm, which controls 100 million EOS tokens, slightly below 10% of the present whole provide, outlined the standards it might use to determine on which block producer (BP) candidates to assist and vote for. [ 889 more words ] https://ift.tt/3gsD7BU #crypto #bitcoin

Just nine weeks ago, the crypto market fell off the face of a cliff. Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700. It was a move caused by a global liquidation event in all markets, triggered by a run for cash to respond to the economics of the outbreak of COVID-19. [ 430 more words ] https://ift.tt/2zqlB0j #crypto #bitcoin

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions. [ 502 more words ] https://ift.tt/2ZwwIzt #crypto #bitcoin

Bitcoin started a strong downside correction from the $9,945 high against the US Dollar. BTC tested the $8,800 support area and it is currently correcting higher. Bitcoin is trading above the key $8,800 and $9,000 support levels. The price is facing a couple of key hurdles near the $9,400 and $9,500 levels. There is a major declining channel forming with resistance near $9,560 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). [ 399 more words ] https://ift.tt/3d0gvqf #crypto #bitcoin

Digital foreign money dealer and lender Genesis World Buying and selling is transferring towards full-service prime brokerage with the acquisition of crypto custodian Vo1t, the corporate introduced Thursday. The New York-based buying and selling agency, which is a subsidiary of CoinDesk mum or dad agency Digital Foreign money Group, acquired Vo1t to start creating a full suite of prime brokerage providers beneath one roof together with lending, buying and selling and custody. [ 476 more words ] https://ift.tt/3ghEVxy #crypto #bitcoin

It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%. But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over the past nine days. Analysts say this is a precursor is a performance to even greater gains, though there still exists a risk of a medium to a long-term decline in the broader altcoin market, which would likely threaten ETH. [ 386 more words ] https://ift.tt/2WVe5na #crypto #bitcoin

Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it seems like there is a key double bottom pattern forming near $192. Ethereum declined more than 5% and it tested the main $192 support zone. It seems like there is a double pattern forming near the $191-$192 zone. There is a key bearish trend line forming with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken). [ 365 more words ] https://ift.tt/2ytsjlH #crypto #bitcoin

Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week. After rallying towards $10,000 at the start of the week on the back of post-halving buying, seemingly caused by both retail and institutional players, Bitcoin plunged to $8,800 over the course of two days. Altcoins posted similar losses, with some underperforming the market leader and others outperforming BTC. [ 679 more words ] https://ift.tt/3eeGIl3 #crypto #bitcoin

Kyber stands out as the Nice Lockdown’s hottest token challenge. In line with the analytics agency Flipside Crypto, the Kyber Community is without doubt one of the fastest-growing token initiatives to date in the course of the coronavirus-led recession (by way of developer contributions, social media chatter, blockchain data, pockets addresses and corresponding apps). This decentralized trade (DEX) protocol is related to the token KNC, which jumped up in value since 2019, from roughly $0.18 in December 2019 to $0.64 by early Could 2020, in keeping with Messari. [ 1,017 more word ] https://ift.tt/3d2jdeM #crypto #bitcoin

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped as the coronavirus pandemic, which disrupted the movement of goods worldwide, took its toll. [ 345 more words ] https://ift.tt/3gjslO0 #crypto #bitcoin