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Cryptocurrency is Still in Its Wild West Phase, Says Gem App CEO

Friday, August 10, 2018

While the cryptocurrency market saw a breathtaking run-up in 2017, with the number of cryptocurrency proponents experiencing a similar increase, many consumers are still skeptics of this nascent industry. “The Cryptocurrency Space Is In Its Wild West Phase” Cryptocurrencies arguably hit the mainstream last year, as nearly every media outlet covered Bitcoin’s astronomical rise from near-obscurity to $20,000. However, according to a Fortune report, investment into crypto assets has not…

Bitcoin Price Analysis: Supply Still Outweighing Demand as Prices Dip

Friday, August 10, 2018

Over the last two weeks, bitcoin saw its longest streak of red days since 2014. The volume was modest and expansive on the drop as the price managed to lose 25% in value in just 10 days. At the time of this article, the market is testing the strength of the support near the bottom of the macro trading range (TR): Figure 1: BTC-USD, 1-Day Candles, Macro Trading Range As…

Crypto Daily News: World Bank Prepping for Blockchain Bond and Facebook Exec Steps Down from Board at Coinbase

Friday, August 10, 2018

Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to…

Ecobank Report Finds Significant Presence of Crypto in 36 African Countries

Friday, August 10, 2018

A report published by the pan-African bank, Ecobank Transnational Inc., has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies. Also Read: The ICO Market Has Hit the Brakes Africa’s Regulators Adopt ‘Wait and See’ Approach Regarding Cryptocurrencies Ecobank’s report finds that “As…

Ripple Price Analysis: XRP/USD Rebounding Positively Above $0.32

Friday, August 10, 2018

Key Highlights Ripple price formed a decent support near $0.3200-0.3210 and recovered a few points against the US dollar. There is a short term declining channel forming with resistance near the $0.3450 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could move a few points higher towards the $0.3500 and $0.3600 levels in the near term. Ripple price is trading with a few…

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