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So far Support Team has created 342 blog entries.

June 2020

Agents of Influence: He Who Controls The Blockchain, Controls The Cryptoverse

2020-06-17T13:25:54+00:00 June 17th, 2020|Crypto News|

Nobody is in charge of Ethereum. It suffers from a chronic lack of governance, a lack of structure.  And as a result, it is in crisis. That’s one theory, anyway.“Ethereum governance has failed. We are a de facto technocracy, where a small group of technocrats, the core devs, have final say over what goes into the protocol,” declared former Ethereum core developer Lane Rettig recently.  “But the [...]

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$300 ETH? Ethereum Looks to Be Next Major Crypto to Follow Cardano

2020-06-16T17:09:00+00:00 June 16th, 2020|Crypto News|

Recently, several altcoins have been showing strength. A few good examples are Theta Token (THETA), Zilliqa (ZIL), and Elrond (ERD). However, the large caps are lagging heavily and the only large-cap performing well has been Cardano (ADA).As smaller cap altcoins begin to lift off, some investors might be wondering exactly what is needed for a significant surge in the large caps? Does the market need [...]

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$930M in Bitcoin Options Expire Next Friday — Time to Worry?

2020-06-16T06:53:00+00:00 June 16th, 2020|Crypto News|

Much attention has been paid to the Bitcoin options and futures market and each week crypto media reports on new record open interest figures being achieved. As the date of another futures and options expiry approaches, traders are becoming anxious due to the fact that the Bitcoin (BTC) price has consistently failed to surpass the $10K mark. To date more than 100,000 Bitcoin options totaling $930 [...]

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Ethereum Options Open Interest Soars 315% — Are Institutions Bullish?

2020-06-14T20:10:00+00:00 June 14th, 2020|Crypto News|

Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million.This surge in OI has many retail investors issuing bullish calls for Ether’s future price but it's important that participants [...]

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Bitcoin Price Drop to Key $9K Support Could Place the Uptrend in Peril

2020-06-13T15:18:00+00:00 June 13th, 2020|Crypto News|

The price of Bitcoin (BTC) was unable to break through the resistance zone at $10,000 and corrected nearly 10% in a day. The drop down occurred on the same day that U.S. equity markets saw a substantial retracement. These moves automatically made investors and traders fearful of further continuation of this correlation. However, is the fear that Bitcoin price will continue to drop if stocks correct [...]

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6 Questions for Michelle O’Connor of Uphold

2020-06-13T14:59:38+00:00 June 13th, 2020|Crypto News|

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!This week our 6 Questions go to Michelle O’Connor, VP of Marketing at UpholdMichelle is passionate about building the future of inclusive finance through emerging technologies to both streamline and empower businesses and consumers [...]

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Bitcoin Post-Halving Report (Q2 2020) by Cointelegraph Markets Research

2020-06-11T16:24:00+00:00 June 11th, 2020|Crypto News|

Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events.The three main sections of this report are:What’s next for Bitcoin miners?BTC correlation with stocks, gold & rising institutional interestTether market cap growth boosts BitcoinThe Bitcoin halvingScheduled to take place roughly every four years, [...]

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Cointelegraph Research: Bitcoin Still Outperforms Stocks After Halving

2020-06-10T17:02:00+00:00 June 10th, 2020|Crypto News|

Data published today from Cointelegraph Markets and on-chain data provider lookintobitcoin found that the Bitcoin (BTC) price remains well positioned as on-chain analysis and BTC’s reaction to global events continue to play to the crypto asset’s strengths.Bitcoin’s block reward halving occurred nearly a month ago and many analysts believe the event failed to produce the strong pre and post halving rally investors expected. Despite this, [...]

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You Say You Want a Revolution: What Blockchain Can Learn from One Man’s Attempt to Save the World

2020-06-09T15:46:33+00:00 June 9th, 2020|Crypto News|

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”R. Buckminster FullerThe world is beset by wicked problems. Due to their scale, complexity, interconnectedness, and the persistent lack of information which makes it difficult for us to see all of their facets and implications, wicked problems cast a large shadow on the world. These include [...]

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Zilliqa (ZIL) Beats Bitcoin With 950% Gains Since March, What’s Next?

2020-06-09T14:05:00+00:00 June 9th, 2020|Crypto News|

While the price of Bitcoin (BTC) has been consolidating under $10,000, several altcoins have shown tremendous rallies such as Theta Token (THETA) and Zilliqa (ZIL). Zilliqa, in particular,  the 40th-ranked cryptocurrency by market capitalization, has seen a surge of 950% since the crash in March, which warrants an analysis of whether ZIL’s monster rally is finished or just getting started.Crypto market daily performance. Source: Coin360Zilliqa rallies [...]

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Wild, Wild East: Why the ICO Boom in China Refuses to Die

2020-06-08T16:16:31+00:00 June 8th, 2020|Crypto News|

For many people involved in the international crypto space, the idea of throwing valuable Ether tokens at comically named blockchain projects in anticipation of unworldly profits now seems a laughable and distant memory. There is little doubt that what we experienced with the 2017-2018 Initial Coin Offering (ICO) mania was a once-in-a-generation phenomenon, the somber aftermath of which will perhaps live longer in the memory than [...]

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These 2 Bitcoin On-Chain Metrics Suggest the Post-Halving Dip Has Ended

2020-06-07T18:52:00+00:00 June 7th, 2020|Crypto News|

On-chain data from blockchain analytics firm CryptoQuant suggest that miners are currently holding on to their mined BTC, a sign that may indicate a continuing recovery for the Bitcoin price given a lack of selling pressure from big mining operations.The Miners’ Position Index (MPI) provides insight into how miners shifting their BTC positions can impact the asset’s price action. An MPI reading above 2 suggests [...]

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Justin Sun Buys Your Company… What Do You Do?

2020-06-07T17:54:33+00:00 June 7th, 2020|Crypto News|

In case you were wondering how much we pull our punches in Cointelegraph Magazine, consider this assessment of Justin Sun, from the article directly below:“Derided by some as a lightweight showman, the P.T. Barnum of crypto, others see him as a marketing genius whose penchant for the limelight has created an army of loyal followers. He embodies the CEO-as-spokesman, actively adopting the post-Trumpian, post-Muskian philosophy [...]

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Forget $10K, Bitcoin $12K Breakout Will Catch Everyone Off Guard

2020-06-07T10:03:00+00:00 June 7th, 2020|Crypto News|

Bitcoin (BTC) price yet again surged past $10K for just a few hours before experiencing a short sharp 10% sell-off last week.Each time this happens, crypto Twitter brings out the fanfare rejoicing at the fact that we’ve reached this psychological milestone. It's almost becoming too predictable, and that is exactly why the eventual breakout will catch everyone off guard. So are there any signals that can [...]

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Bitcoin Struggling to Break $10,000, But Is Bearish Bias Warranted?

2020-06-06T14:26:00+00:00 June 6th, 2020|Crypto News|

The price of Bitcoin (BTC) has been trying to break above the psychological barrier of $10,000. However, during the week, it failed to go through this resistance. This “fakeout” caused a significant portion of the market to shift from a bullish bias to a bearish bias.Is such a bias shift warranted in the current structure of the market? Altcoins have been continuing their upwards momentum [...]

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Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

2020-06-05T18:45:00+00:00 June 5th, 2020|Crypto News|

Bitcoin (BTC) is trading at $9,687 representing a 0.87% loss in value in the last 24 hours and 1 % for today’s sessionLooking at performance relative to its peers, Ether (ETH) and XRP are both underperforming versus Bitcoin at the moment. Ether, the second-biggest cryptocurrency by market capitalization, being down 1.29% and XRP 1.22% in the last 24 hours. But both have outperformed Bitcoin this [...]

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Exoduses and Ex-Communications: Blowing Off Steemit with Andrew Levine

2020-06-04T16:47:38+00:00 June 4th, 2020|Crypto News|

“Steemitans and Twitterers, after four beautiful years, I have sold Steemit to @justinsuntron. AMA tomorrow at 9am PT.”Ned Scott, ex-CEO of Steemit, is not the first crypto founder to sell to Justin Sun. He likely won’t be the last. But his now-deleted tweet rivals the most controversial blockchain announcements of recent years.“I have to say that I feel a bit of guilt in retrospect, because [...]

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CME Data Shows Institutional Investors Undeterred by Bitcoin Price Drop

2020-06-03T19:51:00+00:00 June 3rd, 2020|Crypto News|

CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level.As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May was rather small at $30 million. This does not mean institutional traders abandoned Bitcoin markets, as open [...]

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The Lizard People Invented Bitcoin: Why Crypto is a Hotbed for Conspiracy Theories

2020-06-03T15:35:31+00:00 June 3rd, 2020|Crypto News|

In April 2020 Vin Armani packed up his family “and got on the last flight to an obscure island in the middle of the Pacific”.The cryptocurrency influencer suggested to his 14,000 Twitter followers, many times, that the pandemic is being used to impose “totalitarian tyranny” on America. As the CTO of CoinText, he was worried that his outspoken views and links to the crypto industry [...]

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Capitalism’s Perestroika Moment: Bitcoin Rises as Economic Centralization Falls

2020-06-02T14:42:30+00:00 June 2nd, 2020|Crypto News|

Among the great sages of the ancient world, there once dwelt a mystic who the ancients heralded as the Мaster of Мasters, the Great-great or the Thrice-greatest Hermes Trismegistus. This man, if man indeed he was, is the author of the Corpus Hermeticum, the discoverer of alchemy, the founder of astrology, and the forebear of occult wisdom. The Egyptians deified the Thrice-greatest as the God of [...]

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Unlocking Cultural Markets with Blockchain: Web3 Brands and the Decentralized Renaissance

2020-06-01T16:31:13+00:00 June 1st, 2020|Crypto News|

“The actual context and state of content [on the internet] is going to be so different to anything we can envisage at the moment, where the interplay between the user and the provider will be so in sympatico it’s going to crush our ideas of what mediums are all about.”— David Bowie, BBC Newsnight 1999 Bowie was remarkably prescient on the impact the internet would have, [...]

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XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

2020-06-01T14:13:00+00:00 June 1st, 2020|Crypto News|

As Bitcoin (BTC) has been consolidating recently, many majors have been showing strength with double-digit movements. For instance, Ethereum’s Ether (ETH) rallied from $195 to $245, while Cardano (ADA) rallied with 65% in the recent week.However, some relatively large altcoins are lagging heavily, and two of them are XRP and Stellar Lumens (XLM), the third and 13th cryptocurrencies by market capitalization, respectively. So what’s next [...]

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Goldman Sachs’ Time-Traveling Vampire Squid Fails To Undermine Bitcoin

2020-06-01T13:32:13+00:00 June 1st, 2020|Crypto News|

Headlines From the Year 2030Goldman Sachs stocks were down again today, closing 13% lower as the ailing behemoth was slapped with another trillion-dollar fine for its role in the Student Talent Untapped Potential Indemnified Debt (STUPID) meltdown.STUPIDs were undercollateralized ‘guaranteed’ debt swaps which duped investors into buying student loans against future graduate incomes. The student debt crisis unfolded as the mass strategic bankruptcy among university [...]

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May 2020

$10,000 Bull Trap? Why Bitcoin Price Is Now Likely to Pull Back

2020-05-31T09:08:00+00:00 May 31st, 2020|Crypto News|

Bitcoin (BTC) price was once again sideways last week with price action between bulls and bears proving to be equal. But scenarios look likely for Bitcoin as we approach the month of May comes to a close?Let's take a look at what's happening with the largest cryptocurrency by market capitalization, BTC. Daily crypto market performance. Source: Coin360.comA bullish monthly candle close BTC/USD 1-Month chart. Source: TensorChartsStarting out [...]

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Is Bitcoin Price Finally Ready for Breakout Above $10,000?

2020-05-30T14:24:00+00:00 May 30th, 2020|Crypto News|

The price of Bitcoin (BTC) had seen a substantial rally before the halving, as the price topped at $10,100. Since then, the BTC price has been hovering inside a sideways range between $8,200 and $10,000.However, are the markets making itself ready for a breakout above this crucial resistance? Bitcoin is showing strength, but other cryptocurrencies like Ethereum’s Ether (ETH) and Cardano (ADA) are also showing [...]

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