bitcoin Cryptocurrency News 

Bitcoin Price Volatility Liquidates $90 Million in Brutal Pump and Dump

Bitcoin traders were badly whipsawed today and yesterday as the cryptocurrency rose above $9,100 only to dump back down to $8,600. The price action gives spot buyers or HODLers the opportunity to add to their long positions. A widely-followed trader shared a chart that explains bitcoin’s violent price action. Bitcoin surprised almost everyone on Sunday. The cryptocurrency suddenly spiked by 4 percent in less than ten minutes.The dominant cryptocurrency was trading at $8,787.11 around 11:15 am EST. By 11:21 am, bitcoin was valued at $9,123.34. The quick jump in price…

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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 Bitcoin Business bitmain Cryptocurrency News Op-ed 

Bitmain’s US IPO Plans Could Go Up in Smoke

Bitmain, a leading bitcoin miner, has repoortedly secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company. | Reuters/Dado Ruvic Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been struggling to bounce back since crypto winter. The black swan event dampened demand for cryptocurrency mining machines, causing profitability to plummet. The reported secret filing with the U.S. Securities and Exchange Commission (SEC) will help…

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bitcoin Cryptocurrency News Michael Novogratz Opinion 

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund

After Wednesday’s crypto crash that left bitcoin trading at the $7,500 level, many investors never thought they’d see this kind of buying opportunity again. Now market leaders are predicting that the BTC price could have further to fall before regaining its upward momentum alongside improving fundamentals, which if they’re right could play out before the end of the year. Still the bitcoin price downturn has taken a toll on sentiment in the crypto market. As a veteran trader, bitcoin bull Mike Novogratz, who predicted bitcoin’s tight trading range months ago,…

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bitcoin Bitcoin Education Bitcoin Value Cryptocurrency News Learn about Bitcoin Opinion 

Bitcoin Has Proven Itself as the Best Store of Value Over the Last Decade

Since 2010, bitcoin has died 377 times at the hands of experts and popular media outlets. At the height of the bear market in 2018, bitcoin was declared dead a total of 90 times. Peter Schiff is just another personality to recently call the death of bitcoin. | Source: Twitter We are hurtling towards the end of 2019 and bitcoin is doing so well that it managed to carve a niche in today’s financial system. We talked to crypto traders, blockchain executives and researchers and they all agree that the…

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bitcoin Bitcoin Wallets Cryptocurrency News Opera 

Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments

Browser minnow Opera is ramping up cryptocurrency support for Android users in version 54, which has just been released on Tuesday. Among a host of other cosmetic improvements and a new UI, this latest release improves upon the current crypto wallet with support for both Bitcoin and Tron payments. Ethereum has been the staple payment option of the low-flying web browser for more than a year now; however, developers have heeded the calls in recent months for integration with other major cryptocurrencies. Opera Looks to Undercut the Big Boys With…

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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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ben askren bitcoin Cryptocurrency News gold Opinion Peter Schiff 

Who Would Win Bitcoin vs. Gold Matchup?

MMA fighter and crypto aficionado Ben Askren has poured fuel onto the flames of the ever-raging argument between bitcoin and gold. Askren recently created a Twitter poll asking one simple question: If you were given $10,000 gift that you couldn’t touch for a decade, what would you rather the gift in – gold, bitcoin, or U.S. Treasury bonds?  Surprisingly, the results came in nearly exactly apportioned, with bitcoin gaining 50%, gold 41%, and, perhaps more predictably, U.S. Treasury bonds with a lowly 9% of the vote. Ben Askren pits BTC,…

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bitcoin Cryptocurrency News 

How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300

The bitcoin price (BTC) has dropped from $10,050 to $8,000 in the past week by nearly $2,000 against the US dollar, leading traders to anticipate a larger pullback to lower support levels. According to traders and technical analysts like Josh Rager, the bitcoin price could drop to as low as $6,300 in the short term if the pullback intensifies to a region where large buy demand exists. The bitcoin price (BTC) has been struggling to recover after dropping to $7,700 (source: coinmarketcap.com) Rager said: “Have been asked how far can…

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