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Bitcoin Rebounds Substantially, South Korean Dilemma Weighs

After the dramatic two days selloff, Bitcoin not only pared earlier losses, but the digital currency generated healthy gains in Thursday’s trade. Bitcoin moved back to the $12,000 mark in Thursday’s trade, signifying a growth of more than 20% compared to the previous close. Bitcoin hit as low as $9,199.59 in early trade on Wednesday. The price pared losses in ...

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Ripple (XRP) Bounces Back 66%

Since the start of the Korean dilemma, Ripple (XRP) was leading as the worst performing cryptocurrencies, due to its significant dependence on Korean markets. The subject of regulation has substantially impacted ripple’s price in the last seven days. Its price plunged to almost $1 in early trade on Wednesday, down sharply from an all-time high of $3.83 on January 4. ...

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Watch Out CoinMarketCap, Wall Street Made Their Own Crypto Index

Today, the Wall Street Journal reported that the Intercontinental Exchange or (ICE) has partnered with the blockchain tech company Blockstream. They are set to bring “disciplined” Bitcoin price information to Wall Street investors wanting to get in the crypto space.   ICE is the parent firm of the New York Stock Exchange (NYSE) and it states that it will pull ...

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Shares of Two Energy Companies Soaring After Announcing a Transition into Blockchain Technology

Blockchain technology is huge. Some even call it the mastermind behind digital currency Bitcoin; so are we really surprised that dozens of companies are starting to move into the Blockchain industry? Not really. Blockchain Technology within the Corporate World Not only is working with Blockchain going to prove to beneficial for companies in the long-run, as some of, like ChinaNet ...

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Bitcoin Fell below $10,000 Mark – Here’s Why?

Bitcoin extends the dramatic selloff in Wednesday trade, declined below $10,000 mark for the first time since November 28. The broader selloff was observed in cryptocurrency markets in the last two days, amid concerns over regulators.  Bitcoin lost more than half of its value since hitting the highest level of $20,000 on December 17.  Currently trading around $10,010, bitcoin lost ...

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Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions

Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions, Says Report According to reports in China, e-commerce giant Alibaba (NYSE:BABA) has now launched its own cryptocurrency mining platform despite the Chinese government’s continuous push to curb crypto mining operations by restricting miners’ power and land usage. Source: Twitter The platform — called P2P Nodes — was originally registered by Alibaba ...

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Bitcoin, Ethereum, and Ripple Bounce Back After the Plunge

Due to the volatile nature of cryptocurrencies, they have a habit of making enormous swings during a single trading session. Cryptocurrencies fell dramatically during early trading on Wednesday, wiping off almost $2 billion from the total market capitalization. At the top of the selloff, the total cryptocurrency market capitalization plunged to $450 billion, sharply lower from an all-time high of ...

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Gluon Partners with Stratis for Automotive Blockchain Platform

The blockchain development platform company Stratis has chosen Gluon to be one of its flagship ICOs. Gluon, a software company, has created a platform aimed at creating an interconnected network of vehicles. Both individuals and businesses will be able to use the Gluon platform to monitor, track, tune, and diagnose hardware issues with their vehicles, through the use of IoT ...

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