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Tag Archives: #poe

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a ...

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Trump’s Trade Tariffs on Chinese Imports to Hit Mining Manufacturers Hard

President Trump’s trade tariffs will likely cause a major dint in the profitability of Chinese companies producing cryptocurrency mining hardware. Of the three mining giants based in China, Beijing’s infamous Bitmain is expected to be the worst hit since they rely most heavily on overseas sales. As Trump’s Trade War Heats Up, US to Charge Chinese Mining Manufacturers 27.6% Tax ...

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White House to Pit Ripple against Bitcoin fearing China’s Mining Dominance

The U.S. administration is interested in pitting Ripple’s centralized XRP token against Bitcoin to tackle China’s crypto dominance. Cory Johnson, Ripple’s new chief marketing strategies, told Breaker Magazine that the White House is researching the consequence of China’s Bitcoin mining dominance, which currently amounts to over 80 percent. The digital currency’s mounting popularity among millennials and professional investors in the ...

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Nouriel Roubini Expands Anti-Cryptocurrency Crusade to Blockchain Technology

Controversial economist and professor at New York University’s Stern School of Business, Nouriel Roubini, has long been a detractor of cryptocurrencies, first warning investors against the “scam” in 2013. Since his widely reported tirade against the cryptocurrency, its price has risen 11x, mainly due to increased adoption and growing promise. Despite being undeniably wrong about cryptocurrency so far, Roubini has ...

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Peer Stablecoins are Showing 10% Premium against a Weak Tether

A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their price in an otherwise bearish ...

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Cardano Price Analysis: ADA/USD Surging Towards $0.090

Key Highlights ADA price formed a decent support near the $0.0700 level and rallied recently against the US Dollar (tethered). There was a break above a key bearish trend line with resistance at $0.0802 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is placed nicely in a positive zone and it could move further ...

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Tether Forces Bitcoin to Achieve $7,500, Crypto Market Adds $20 Billion

The crypto market and Bitcoin investors were in for a shock on Monday morning, as Tether, a self-proclaimed “stablecoin,” fell 6% below its U.S. Dollar (USD) peg amid a growing sense of confusion within the cryptosphere. Tether, Bitfinex Worries Plague Crypto Market During the wee hours of Monday morning, crypto assets saw a strong, but suspicious move to the upside, even ...

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Roubini Trashes Crypto and Blockchain, Calls Them a “Failing Set of Technologies”

American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of “Dr. Doom” intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today. Cryptocurrency is the “Mother of All Scams and Bubbles” Dr. Nouriel Roubini, who has earned the nicknames “Dr. Doom” and “permabear” ...

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