Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap grinded higher and tested the $245.0B resistance area. Bitcoin price is currently consolidating near the $8,000 level. EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level. Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance. Bitcoin cash price is trading nicely above the $400 support area. Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels. The crypto market cap is gaining bullish momentum, with positive moves in bitcoin (BTC) and…

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Blockchain Firm Raises $4 Million From Draper’s VC Fund to Provide Uncensorable Domains

San Francisco-based blockchain domains firm Unstoppable Domains has secured $4 million in a funding round backed by venture capitalist Tim Draper, co-founder Brad Kam told Cointelegraph in an email on May 23. Following a $730,000 seed round led by investment firm Boost VC, Unstoppable Domains has carried out a Series A round led by venture capital fund Draper Associates. The previous investment was completed in December 2018, a press release notes. The new investment funds will be used in the company’s mission to provide blockchain-powered uncensorable websites, as well as…

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Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

Summary: The market is seeing a current rejection of the weekly level outlined in 2018’s bull market. The zone between $8,300 and $8,400 has a strong point of interest in the previous bear market and we are currently seeing high levels of supply surface as people take profit. If we fail to break the $8,400 level, we can expect to see a retest of $7,400 and potentially even a deeper dive into the $6,800s as this represents another macro, weekly level and has yet to see a very strong test…

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Bitcoin Price Analysis – $8.5K Now in Sight to End Bear Market

Bitcoin price broke out of a bottom consolidation overnight, jumping 11%, reclaiming the $8k handle ahead of the weekly close.  We take a look at the price action as we head towards the weekly close. Bitcoin Price: 4-Hour Chart The 4-hour chart shows that bitcoin price 00 broke from $7,247 to $7,980 in one hourly candle, smashing through and past the $7,878 level from which the 20% decline occurred at Bitstamp. This is particularly encouraging, on the basis that one may have expected to find short interest at this level.…

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Bitcoin FOMO is Strong But The Bears Will Not Go Quietly

As Bitcoin breaks significant resistance at $6,000 and $8,000, all within the space of a week, interest is reaching fever point. But despite the strong performance, which some say is buoyed by economic uncertainty over the US-China trade war, there are those among us who remain skeptical. Bitcoin FOMO An impressive week for cryptocurrencies saw Bitcoin break the $8,000 mark on Tuesday. Up 120% since the start of the year, this momentum is continuing to lead the rest of the market into a bull run. Unsurprisingly, mainstream news outlets and…

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Upbit Exchange Operator Plies $46 Million Into Blockchain in First Year of Investment

The parent company of South Korean cryptocurrency exchange Upbit has invested almost $50 million in blockchain startups since March 2018, English-language Korean business news outlet The Investor reported on May 15. Dunamu, which created a dedicated investment subsidiary, Dunamu & Partners, at the same time last year, has given cash to a total of 26 businesses. In total — under plans it announced previously — the company aims to invest 100 billion won ($84 million) into the industry. “Our goal is to contribute to the healthy growth of the blockchain…

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Microsoft Is Building an ID Verification Platform on Bitcoin

Microsoft is leveraging blockchain technology to create a trustless digital identity scheme, but its not launching a token or building a private blockchain to do so. Its building on Bitcoin instead. Announced on May 13, 2019, Project ION is an open-source, Layer 2 network built out of the public key infrastructure protocol Sidetree. In practice, “it is akin to Lightning, in that there is no secondary consensus among ION nodes,” a source close to the network’s development told Bitcoin Magazine. “This is just like Bitcoin, but for IDs,” the source…

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‘Hodl’ – Bitcoin Historically Generates Its Yearly Gains in 10 Days, Says Tom Lee

Bitcoin generates all of its yearly performance gains within just ten days. Miss those 10 days and your average is 25% down annually since 2013. Today was one of those days. But are there more to come? Let’s take a look.  As Bitcoin skyrocketed into the weekend, Tom Lee from Fundstrat was on hand with an interesting statistic. Namely, that Bitcoin generally generates all of its performance within just ten days. Miss those 10 days and your average is 25% down annually since 2013. Well That Puts A Bit Of…

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