SMC Capital Partner Explains Why Weekend Bitcoin Trading is Booming

Mikhail Mironov of SMC Capital says weekend trading volumes for bitcoin and cryptocurrencies, in general, is indicative of growing retail trading especially from Asia. Chinese Retail Interest in Bitcoin on the Rise In an exclusive chat with Bitcoinist, SMC Capital partner, Mik Mironov, explains why he believes weekend cryptocurrency trading has exploded over the last month. First off, he points to a rise in Chinese retail interest in bitcoin as one of the leading catalysts for the recent boom. Mironov, a partner at a New York-based blockchain investment fund, says…

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Bitcoin Price Analysis: BTC Could Drop to $9,000 Soon

Overhead descending resistance forming on Bitcoin could develop a descending channel taking price levels down to $9,000 over the coming week. This would allow for sideways consolidation to take place around $9,000, which is a key historical psychological support/resistance level allowing volume to rush back into the Altcoin market. Bitcoin 4-Hour Chart On the Bitcoin 4hour chart we can begin to see a descending channel forming. This is not yet confirmed as there’s only 2 out of 3 needed points of contact from candlesticks to my predicted channel support and…

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Tip Twitch Livestreamers With BCH Using the New Tipbitcoin.cash App

Last week the pseudonymous developer who created the Crescent Cash wallet, Pokkst, announced the launch of a new tipping service called Tipbitcoin.cash. The tool gives anyone the ability to tip their favorite streamer on Twitch using bitcoin cash. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque Meet the Bitcoin Cash Tipping App for Twitch — Tipbitcoin.cash Twitch, the live streaming video platform operated by Twitch Interactive, is an extremely popular website that has 2.2 million broadcasters monthly and 15 million daily active users. Recently Pokkst,…

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Weekly Digest: From Bitcoin Price Rollercoaster To Satoshi Nakamoto In Estonia

This weekend sees over 200,000 people enjoying the sun at Glastonbury contemporary arts festival in the UK. But has Bitcoin been in the party spirit this week?… Or has something rained on our parade? Bitcoin Price Has Had A Wild Ride So Bitcoin price looks like ending the week with a gain of around $1,500. But there will be many who are disappointed with this outcome, as mid-week it looked like it could be so much more. After last weekend’s pump which saw Bitcoin break past through $10000 and then…

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Tether Printers Keep Churning Out USDT as Supply Increases Again

All eyes have been on bitcoin recently as markets move into a consolidation phase following a flash crash last Thursday. What may have gone unnoticed is the issuance of more USDT as Tether market capitalization continues to crank higher. $100 Million USDT Added Since Friday Tether’s market capitalization has been slowly increasing. Since Friday a further $100 million has been added to it taking the total now to $3.6 billion. The movements have not gone unnoticed by some industry observers. Yesterday there were 36 million ETH Tethers in the Treasury.…

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V20 Summit Concludes With Promises for Crypto Industry

As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers to ensure the industry’s best interests are understood and valued at an international level. Also read: G20 Policymakers to Discuss Regulations Proposed by Crypto Industry V20’s Commitment The two-day Virtual Asset Service Providers Summit or V20 in Osaka,…

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Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders

Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony Ross Ulbricht Reflects on 2,000 Days Behind Bars The letter from Ulbricht shows the world how skewed the justice system is when a cage is literally the answer to ‘correcting’ people’s behavior. The drug war has raged on…

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Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony

On June 28, Craig Wright, the Australian native who claims to be Satoshi Nakamoto, spent the day in a Florida court battling with the Kleiman attorney. Wright became emotional when he told the court that he designed the network but didn’t like how it turned out. At one point he told the court he was “ashamed of his invention.” Also Read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far The Alleged Blind Trust Setup Makes It Difficult for Wright to Access Certain Keys Craig Wright testified in court…

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Bitcoin “Creator” Craig Wright Fails To Impress In Court

Self-proclaimed Bitcoin ‘inventor’, Craig Wright, was giving a testimony yesterday to explain why he can’t produce the public addresses of the bitcoin he has mined. Fortunately, law reporter, Carolina Bolado, was there to tweet progress as it happened. The Wright Side Of The Story Wright was in court as defendant in the case brought by the estate of Dave Kleiman, over the alleged theft of 1 million bitcoin. The bitcoin in question was supposedly mined by Kleiman and Wright in the early years after Kleiman purportedly helped Wright to develop…

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Bloomberg Finally Accepts Bitcoin ‘Is Here to Stay’

Mainstream media has been far from complimentary about bitcoin and cryptocurrencies in recent years. The vitriol and FUD makes headlines but it is largely based on ignorance of the technology and its ethos. Industry giant Bloomberg may finally be warming to bitcoin however, but will others follow. Bloomberg Bigs Up Bitcoin Bitcoin appears to have finally started its correction from a rally which has added almost 270% to its price since the beginning of the year. The big names in mainstream media are dedicating larger slots to BTC and its…

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