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The cryptocurrency market has stabilized after an exciting start to the week. The total value of all digital assets in circulation was $ 122 billion. Although the main coins show a mixed picture amid a slight correction, the general sentiment remains positive. Experts point to several factors that helped turn the tide, including a pullback from strong support as we approach $ 3,000. Joe DiPascal, General Director of the cryptocurrency hedge fund BitBull Capital cryptocurrency fund said the following: Yes, the support level of $ 3,000 and a short compression helped restore the price of Bitcoin, there are also many…
The CEO of the largest Bitcoin exchange Binance, Changpen Zhao, is optimistic about the future prospects of the cryptocurrency market, despite a deep correction during 2018. In a conversation with Bloomberg, Zhao called 2018 "the year of correction." According to him, despite the dominance of speculators who are attracted by price volatility, the industry will grow. This will be facilitated by the efforts of developers who create applications for "real user cases" on which the massive adoption of cryptocurrencies depends. When asked whether the corrective rally had violated Binance’s further plans, Zhao replied that the company had launched a stock…
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Decline Soon On January 22 of this year, 71-year-old veteran trader Peter Brandt predicted an 80% BTC price decline to $ 4,000, based on the general rules of technical analysis. This forecast is fully confirmed. In an interview for Yahoo! Brandt said that other markets in which parabolic progress was observed in a similar way were always the same. Despite the recent rebound, which resulted in Bitcoin rising from $ 3,200 to almost $ 4,000, Brandt believes that the decline to the maximum of 2013 at $ 1,200 is still quite realistic: Crypto will not have friends at that…
The largest US cryptocurrency company Coinbase has confirmed information about the recent movement of cryptoactive assets for large sums, reports CryptoGlobe. As you know, the company plans to significantly expand the number of cryptoactive assets supported. For this purpose, they note in Coinbase, it is necessary to radically rethink approaches to the storage of funds on the platform, the sums of which amount to billions of US dollars. In this regard, Coinbase transferred customer funds totaling about $ 5 billion to the updated vault. In particular, 5% of the bitcoins held by the company, 8% of the air and 25%…
In December, Samsung filed with the European Union three applications for trademarks related to the blockchain . These brands include the Blockchain KeyStore, the Blockchain Key Box and the Blockchain Core. The applications indicate that the company is working on a smartphone associated with a cryptocurrency, or on a hardware wallet that can be embedded in the smartphone for secure storage of crypto keys. Now the South Korean technical giant registers another trademark called “Blockchain-wallet”. It is possible that the South Korean technology giant will equip the future flagship series Galaxy S10 with a crypto currency wallet , the same…