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London Fintech Firm Revolut adds Ripple and Bitcoin Cash Trading

The British based company that created the first app allowing customers to invest in Bitcoin has announced it will add Ripple (XRP) and Bitcoin Cash (BCH) as it completes series C fundraising of $250 million. Revolut to add Ripple and Bitcoin Cash to its App Four-year-old Revolut founded by former institutional trader Nikolay Storonsky began as an app only banking service ...

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Bitcoin Cash Price Analysis: BCH/USD Jaw Dropped Below $1,000

Key Points Bitcoin cash price declined sharply and moved below the $1,000 support against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $1,080 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher towards the $1,050 and $1,080 resistance levels in the near term. Bitcoin ...

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Ripple Price Analysis: XRP/USD Facing Tough Challenge

Key Highlights Ripple price declined further and traded below the $0.6000 support level against the US dollar. Yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher and it may face hurdles near the $0.6200 and 0.6300 levels. Ripple ...

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Coinbase Expands Trading Ability With Acquistion of Paradex

San Francisco based cryptocurrency exchange Coinbase will give it’s users the ability to trade “hundreds of coins” through its acquisition of Paradex, a decentralized platform that enables users to trade digital currency via smart contracts which are recorded on the blockchain. Coinbase’s New Acquisition Gives Customers Access to Hundreds of Coins Coinbase announced the take over on Wednesday, May 24, but no financial details were ...

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Ethereum Price Analysis: ETH/USD Back Below $600

Key Highlights ETH price nosedived below $620 after it struggled to move above the $650 resistance against the US Dollar. There are two bearish trend lines forming with resistances at $610 and $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating losses above $650 and it remains at a risk of more losses. ...

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Asian Altcoin Trading Roundup: Steem Steams Ahead

The rout has continued and markets have fallen faster again today. Selling pressure could not be overcome and has accelerated through the morning in Asia with markets tumbling towards $300 billion. Bitcoin has continued to slide falling back 4% on the day to $7,600. In the time tested formula, altcoins have all fallen heavily again today. A sea of red ...

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Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen?

Bitcoin Price Key Highlights Bitcoin price continues to trend lower but is currently testing short-term support. A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top. The Fibonacci retracement tool shows the nearby upside targets. Bitcoin price could be due for a bounce off the channel support back to the nearby Fibonacci retracement levels. ...

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Report: Crypto-Jacking Is on the Rise, Overtaking Ransomeware as Preferred Method of Attack

As cryptocurrencies continue to increase in popularity and adoption, investors and users are experiencing an increase in malicious coin miners that utilize the semi-anonymity offered by cryptocurrencies for financial gain. ITWeb Security Summit  This is according to Helge Husemann, product manager for Malwarebytes who spoke at ITWeb’s Security Summit 2018. Husemann hypothesized that because the mining process can turn profits using regular ...

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Banks Lose International Payments Business to Disruptive Solutions Like Blockchain

Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market. While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough for now.’ Banking Industry in Denial While Losing International Payments Business Over the last year, banks have lost 40% of ...

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