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Monthly Archives: June 2018

Bitcoin Downtrend | Will BTC Rally Through $6300?

Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark. The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said: “It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I think there’s a chance Bitcoin could start to turn.” Bitcoin Downtrend: The Moving Average Charts A 15-day moving average chart is a good indicator of market trends and can help forecast whether market trend is positive or negative. Slyumer looked back over Bitcoin’s 15-day moving average charts going back to 2017. These charts indicated that the crypto markets have shown progressively higher lows. A “very critical support” for the coin came at the $7,000 level this year and Slyumer focused on this point as a turning point. Because Bitcoin lost this support level and equally failed to cross the $7,800 resistance threshold on the upside, it created “lower highs” and began an overall downtrend. …

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Bank of England Crypto Opinion

Bank of England crypto opinion: Earlier this year financial and political institutions in the United Kingdom decided to respond to claims that the crypto industry has risks attached to it. This would not be the first time the UK spoke on this topic. On Thursday, June 28th, the Bank of England was the latest institution in the country to address crypto risks. Bank of England Crypto Opinion: Risk Warning In March of this year, the UK Central Bank discussed the topic of cryptocurrencies at a conference in Edinburgh, Scotland. The gist of the conversation was that virtual currencies are susceptible to illegal activity, such as money laundering. Fast forward roughly three months, and the Bank of England is now saying something similar. Sam Woods, the head of the Bank of England’s Prudential Regulation Authority, wrote to various company bosses Thursday. Why? Well, Woods warned these chief executives of various crypto risks and reminded them to wade carefully into the crypto water when investing. Is There Truth in Sam Woods’ Words? The Bank of England is on the right track. While it’s true that companies have taken stakes in these assets despite the risks, the more reminded we are of how susceptible …

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Is Bitcoin Mining Worth It In 2018?

Is Bitcoin Mining Worth it in 2018? The financial industry was rocked in 2009 when a user (or users) with an alias of Satoshi Nakamoto introduced Bitcoin to the world.  The cryptocurrency, Bitcoin, is a digital currency that can be used as a global payment system.  It was the first of its kind to work without an administrator or central bank – transactions are peer-to-peer, and are verified through a blockchain. But you’re not here for a history lesson, this piece is meant to help you further understand the complex world of bitcoin mining, how to mine bitcoin at home and the kind of mining rig you’d need, and if mining bitcoin is worth it in the current cryptocurrency market. Can I Profit from Bitcoin Mining in 2018? Should I Invest in a Bitcoin Mining Rig? There are many things to consider to be able to answer that question properly. Here are some factors that can help you determine your potential for profit: Hardware Costs Bitcoin mining rigs use GPUs or video cards similar to what gamers use. The increase in demand for mining-capable GPUs because of the rise of bitcoin miners led to an increase in hardware costs. Today, …

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Arcana Wallet | Security and Autonomy in One

Cryptocurrency trading is an extraordinary opportunity because the price volatility is much wider than in equity markets. What would normally take weeks to attain in gains I have achieved in much shorter time frames. Rather than doubling down as my stack has grown, I bank my profits back into the majors: the largest blockchains such as Bitcoin, Ethereum, Neo. These particular cryptocurrencies are great savings opportunities because they not only appreciate in value, but they pay out extraordinary dividends in the form of forks. When I first started trading Bitcoin there was no such thing as Bitcoin Cash. That opportune fork happened to be a great ancillary benefit, a cherry on top of my proverbial sundae so to speak. Banking my Gains My goal in trading is rather simple. Gain more of the majors at all costs. February and March were great times for acquisition. While long positions presumably lost value in fiat terms, I took advantage of short trades to gain more Bitcoin and Ethereum on Bitfinex, a cryptocurrency exchange enabling margin trading. Once I reach a target profit target I bank those savings into a Trezor or a Ledger Nano S. Great money managers seek out strong custodian …

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Ripple Mining (aka XRP mining)

As a cryptocurrency information resource, we get a lot of questions. We make every effort to provide helpful answers in plain English and, of course, user questions give us a lot of information too. They let us know what newcomers to the space find important, difficult, or confusing. One question which has been coming up a lot lately is… How Do I Mine Ripple (also known as XRP)? Well, to answer it simply, you can’t. In fact, many of the coins we’re used to seeing in the coin price rankings aren’t mineable. Compare these two lists from CoinMarketCap, showing all coins vs. mineable coins: The reason Ripple can’t be mined is that it’s not a true cryptocurrency, according to our definition of the term, various experts, and our reader poll: Ripple is instead a centralized crypto asset, which is exclusively issued by the Ripple company and controlled by that company and several financial industry partners. Indeed, Ripple describes XRP as a “digital asset for payments”: Why Can’t Ripple be Mined? Mining is only useful in the case of decentralized cryptocurrencies, like Bitcoin. By remaining open to anyone with the necessary skills and resources to mine, Bitcoin theoretically prevents any single …

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PR: StreamDesk Starts the 2 Phase of ICO And Offers to Test Beta-Version

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Cryptocurrency trading completely free of intermediaries will be very soon available with the advent of StreamDesk Service. A beta-version of the decentralized platform based on the smart-contract architecture will be launched on June 25 along with the phase #2 of its ICO campaign, the project’s team reveals. According to the announcement, early birds will be able to use the service free of commission. StreamDesk is a decentralized platform for the exchange of cryptocurrencies for fiat money, based on the smart-contract architecture and the API of payment systems. It allows users to trade without intermediaries, guarantees fair deals and security. Developers are going to supplement a basket with a number of altcoins. The negotiations about their addition are close to completion, the team reveals. “We are currently working at connecting major payment systems for easy of use. Negotiations are underway”, Vladislav Kuznetsov, Streamity CEO and Founder, says. First time, no commissions will be implemented within the …

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The Bitcoin Game #55: Cryptograffiti

Published on June 16th, 2018 by Rob Click to download audio version Welcome to episode 55 of The Bitcoin Game, I’m Rob Mitchell. In today’s episode, I’m happy to present an interview with one of the most well-known fine artists in the cryptocurrency space, Cryptograffiti. I’m a huge fan of his work, and was happy to get to learn a bit more about him. Check out his art in the links below. SHOW LINKS Cryptograffiti’s Sitehttps://cryptograffiti.com Twitter @Cryptograffitihttps://twitter.com/cryptograffiti Instagram @Cryptograffitihttps://www.instagram.com/cryptograffiti Nakamotohttps://cryptograffiti.com/collections/fine-art/products/nakamoto-2014 Wired: The Rise And Fall of Bitcoinhttps://www.wired.com/2011/11/mf_bitcoin Casascius Coinshttps://www.casascius.com Silk Roadhttps://cryptograffiti.com/collections/fine-art/products/silk-road Art Show – Proof of Arthttps://twitter.com/cryptograffiti/status/1000060654990999553 Cryptograffiti’s work featured in the Wall Street Journalhttps://blogs.wsj.com/moneybeat/2014/12/11/microsoft-to-allow-bitcoin-payments-for-games-apps-other-content Cryptograffiti T-shirtshttps://cryptograffiti.com/collections/mens-shirts STAY IN TOUCH Thanks so much for taking the time to listen to The Bitcoin Game! https://Twitter.com/TheBTCGamehttp://TheBitcoinGame.com[email protected] SPONSOR While much of a Bitcoiner’s time is spent in the world of digital assets, sometimes it’s nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own the world famous Bitcoin Keychain, the growingly popular Litecoin Keychain, or even your own Bitcoin Fork – Pen. As Seen OnThe Guardian • TechCrunch • Engadget • Ars Technica • …

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County in Montana Delays Decision to Suspend Bitcoin Mining Operations – Crypto Currency News

After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region. Earlier this month, it was reported that Bitcoin’s (BTC) energy footprint had nearly doubled in six months and was expected to grow. According to the study, Bitcoin could be using up approximately 0.5% of the world’s energy by the end of the year, almost the same amount used by the Netherlands. Needless to say, most people might not want that to happen. On Thursday, the Missoula County Commission decided to delay its decision over the suspension of Bitcoin mining to August 2018, according to the local news site the Missoulian. The hearing lasted nearly two hours where presentations and comments from the public were made on the topic of Bitcoin mining operations. Missoula County Commissioner Jean Curtiss had said at the end of the hearing that “we all understand that we don’t understand,” while County Commissioner Cola Rowley noted that this could be a good time for “education and outreach.” The county fears that the energy consumed by these operations could “pose a reliability and safety risk to local electric distribution …

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Steve Bannon Moves into Crypto – How? Why? Doing What? – Crypto Currency News

Steve Bannon Moves into Crypto – In August of 2017, President Donald Trump decided to remove Steve Bannon from his administration. Since then, Bannon has been the subject of scrutiny. In fact, some have recently gone as far as saying he is a man who disrupted U.S. politics. Now, however, it’s June of 2018, and Steve Bannon has moved on from politics. Specifically, he’s moving onto cryptocurrency. Yes, you heard that right. Steve Bannon is reportedly now involved in the crypto space. Steve Bannon Moves into Crypto On Thursday, Bloomberg reported that Bannon has been working round the clock, meeting with both investors and hedge funds about potential ICOs. Note these ICOs are all in connection to Bannon & Company, the former White House chief strategist’s investment firm. Now, this is not the first time Steve Bannon has spoke of the crypto sector. He’s expressed his support for it in the past, dating as far back as 2016. Not everyone knows this, though, as the investor didn’t start to truly express his respect until he left the White House in 2017. Bloomberg noted that Bannon said he wants to help others in creating their own cryptocurrencies. He even hinted at creating …

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Best Bitcoin Mining Software – Crypto Currency News

What is Bitcoin Mining? Put simply: Bitcoin mining refers to a process in which new bitcoin is generated by solving a complex math puzzle. All recent transactions are compiled into blocks and miners can solve the latest block that has a data of complex puzzle by using a special software, program and computer resources. Any enthusiast entrant can solve the math puzzle but whosoever solves it first can place the next block onto a public ledger, otherwise known as the blockchain and is entitled to a reward. Bitcoins are rewarded to those miners who have validated the latest mathematical problem.   Mining can be easy until computational power is employed. When more computational power acts in the medium, the complexity of solving the math puzzle increases. It can be adjusted with a protocol for every 2016 blocks or fortnightly (two weeks). In the early days of Bitcoin, CPUs from personal computers were used for bitcoin mining. As Bitcoin mining progressed, miners started using Graphic Processing Units (GPUs) and found that these are very effective. In the advent of – Application-Specific Integrated Circuit ASIC in 2013, a powerful hardware that uses minimal energy during mining process took the place of the existing …

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