Cryptocurrency Analysis and News Portal
With fewer than four days left till bitcoin's halving, popular interest in the once-every-four-years event is reaching a fever pitch.Google Trends, a barometer for gauging interest in trending search topics, shows searches for "halving" or "bitcoin halving" at five times the peak in 2016, when the blockchain underwent its previous halving event. You're reading First Mover,
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As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange.According to CZ’s post, the last
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The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years.According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is
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OKEx, the world’s largest cryptocurrency spot and derivatives exchange, has recently announced the launch of OKChain, an OKEx-owned commercial public blockchain and OKEx DEX, the first decentralized application based on OKChain. Adopting a Delegated Proof of Stake (DPOS) consensus mechanism, OKEx has issued OKT as native token of OKChain. The
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Bitcoin price failed to continue above the $9,500 resistance and declined recently against the US Dollar. BTC could either bounce back from $9,150 or it might decline heavily.Bitcoin bulls are fighting hard to protect the key $9,200 and $9,150 support levels against the US Dollar.The price remains at a risk
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Enterprise blockchain project Hyperledger has released the most significant update of its DLT framework Fabric since launch in July 2017. The Hyperledger Foundation announced Thursday that Fabric 2.0 is designed to improve the usability and performance for the end user, with updates including new features such as decentralized governance for
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud.According to an SEC press release Friday, Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed
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The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off.Bad idea to long dropping bitcoin hashrateDuring miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining
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Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP.This has set off alarm bells. After all, the projected year-end amount of $255 trillion is equal
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Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar.The price is showing no signs of a strong recovery and remains at a risk below $7,800.There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the
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