Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines

Key Points Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar. Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down and it could even break the $1,550 support in the near term. Bitcoin cash price is moving down once again against the US Dollar. BCH/USD could extend its decline towards the $1,485 level if sellers remain in control. Bitcoin Cash…

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Thailand’s National Stock Exchange Launches Blockchain Crowdfunding Platform

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Stock Exchange of Thailand (SET) has officially launched a blockchain-powered crowdfunding platform for startups in the country. Dubbed LiVE, the new crowdfunding marketplace from the SET is built on a blockchain that enables startups and small enterprises to access funding from venture capital funds and institutional investors directly via peer-to-peer trading. According to an announcement by the SET, eight companies from both public and private sectors have joined the platform at launch with a further…

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Facebook Forms Exploratory Blockchain Team Led By Coinbase Board Member

David Marcus, the head of Facebook’s messaging app Messenger, announced that the social media site is exploring possible applications for blockchain technology, CNBC reported May 8. “I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,” Marcus shared in a post Tuesday afternoon on his personal page. Marcus has been leading Messenger for almost four years. In December, he joined cryptocurrency exchange Coinbase as a board member. Facebook, however, hasn’t revealed how interested it is in applying blockchain. The move comes as…

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Facebook Taps Coinbase Board Member to Lead Blockchain Initiative

Join our community of 10 000 traders on Hacked.com for just $39 per month. David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode. The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. Stan Chudnovsky, who oversees product at Messenger, will assume Marcus’ former role. Marcus, former president of PayPal, brings payments expertise. He has also…

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Bitcoin Price Decline Driven by Q4 Futures Launch: Federal Reserve

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San Francisco — claim in a research paper that the rapid rise and subsequent decline in the bitcoin price is consistent with trading behavior that accompanies the…

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Warren Buffett Criticism | Bulls Response to Warren Buffett is Surprising!

Warren Buffett criticism: Warren Buffett, the legendary investor, has frequently been criticizing the cryptocurrency markets. The chairman of Berkshire Hathaway doesn’t have any enthusiasm in the emerging market. He believes cryptocurrencies are neither an asset nor a currency. And thus, he thinks it shares similarities more towards gambling and not investing.     The major reason for his rejection lies behind the concept of fair value. Stock market investors always prefer to gauge the fair value of the asset before placing any investment.    During the annual shareholder meeting of Berkshire…

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Tom Lee Predicts an Increase in BTC Prices

The rising popularity of bitcoin in recent days does not seem to be subsiding. According to Tom Lee, CEO of Fundstrat, Bitcoin could boost its bullish behavior thanks to the annual “Consensus Summit” conference. According to an article published by Bloomberg, an analysis conducted by the firm concluded that after each conference, confidence in the crypto market increases considerably. The NY Consensus Summit is an initiative of particular importance to the world of crypto money and blockchain technology companies. But beyond that, the event has made a name for itself,…

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Warren Buffett and Bill Gates

The bull-run in cryptocurrency market has ended after Warren Buffett and Bill Gates completely rejected cryptocurrency in a show on CNBC. The world’s wealthiest investors and business icons are showing their concerns over the significant growth in Bitcoin (BTC) and other digital currency prices. They have announced that they will never invest in the cryptocurrency markets despite the increasing adaptations for it from Central Banks and global regulators. Bears say both investors have raised genuine questions. Warren Buffett and Bill Gates are claiming that the cryptocurrency markets are colliding with…

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A Chain of Its Own: Mobile App Kik to Fork Stellar for Fee-Free Blockchain

The cryptocurrency that will soon help power the popular Kik messaging app is making a big technology shift — again. Kik’s crypto token, kin, currently exists as an ethereum-based ERC-20 token, yet CoinDesk recently reported that’d the company would be moving to a two-chain system whereby its tokens were supported on both the ethereum blockchain and the stellar blockchain. But today, the Kin Foundation, the non-profit organization managing the development of kin, has announced another move, deciding instead to fork stellar to create its own blockchain. While Kik had first envisioned…

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Charlie Munger: Bitcoin Is Worthless Artificial Gold | CNBC

Berkshire Hathaway CEO Warren Buffett, Vice Chairman Charlie Munger and Microsoft Co-Founder Bill Gates speak to CNBC’s Becky Quick about bitcoin and cryptocurrencies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow…

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