Poloniex Continues Delisting Spree, Axes 23 Trading Pairs

Earlier in May, delisted nine altcoins, five of which were top 100 cryptocurrencies.
Source: financemagnates
Poloniex Continues Delisting Spree, Axes 23 Trading Pairs

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OFAC Continues to Demonstrate Greater Interest in Cryptocurrency Regulation and Enforcement

OFAC Continues to Demonstrate Greater Interest in Cryptocurrency Regulation and Enforcement submitted by /u/BeerBellyFatAss
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Source: ethereum
OFAC Continues to Demonstrate Greater Interest in Cryptocurrency Regulation and Enforcement

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SEC Continues Fraud ICO Push, the Power of Stablecoins: The Weekly Show

Join us for a recap and analysis of some of the most interesting stories in the cryptocurrency space.
Source: financemagnates
SEC Continues Fraud ICO Push, the Power of Stablecoins: The Weekly Show

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Dash continues its overall development after eventful week – AMBCrypto

overall development after eventful week  AMBCryptoIt has been a positive start to the week for Dash, as the altcoin listed out various developments in the space. Earlier this week, the Dash Core Team held …
Source: worldnewsoffice
Dash continues its overall development after eventful week – AMBCrypto

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NASAA Continues Crypto Crackdown with 130 New Cases in 2019

These investigations are part of the association’s ongoing coordinated regulatory initiative called Operation Cryptosweep.
Source: financemagnates
NASAA Continues Crypto Crackdown with 130 New Cases in 2019

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Facebook’s Libra Continues To Receive Worrisome Outlooks From Global Finance Regulators

, the cryptocurrency project headed by and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block , regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]
Source: bitcoinexchangeguide
Facebook’s Libra Continues To Receive Worrisome Outlooks From Global Finance Regulators

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Coinbase continues to explore support for new digital assets

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Source: CryptoCurrency
Coinbase continues to explore support for new digital assets

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Barbra Streisand Continues to Bait Trump With ‘Send in the Clowns’ Parody

Image: Getty

When I was a child, my mother got a box set of ’s greatest hits for Christmas that played on repeat in her car mornings on the way to school for the better part of a decade. During my formative years, the brain space that should have contained multiplication tables and understanding of simple graphs was instead filled by the lyrics to “You’re the Top” and “Papa Can You Hear Me?” I can vividly remember covering my ears at least once and screaming “You’re torturing me” against the unrelenting assault of decades-old showtunes. But now that Barbra  has dedicated the latter part of her career to tormenting Fox News viewers with silly jabs at Trump, I don’t mind nearly as much that I can barely add but can sing “Don’t Rain on My Parade” start to finish despite never having had an iota of interest in her music.

After releasing a pretty silly anti-Trump song called “Don’t Lie to Me” last year, Streisand’s first Madison Square Garden concert in 13 years seemed designed to generate right-wing outrage, featuring a giant screen of Trump’s 2016 Time “Man of the Year” cover decked out in clown makeup as Streisand sang a new version of Stephen Sondheim’s “Send in the Clowns.”

Okay, with lyrics like “Something’s amiss/ I don’t approve/Now that he’s running the free world/Where can we move?/Maybe a town!/Just who is this clown?” it’s not exactly a Molière-level takedown of the bullshit the White House is normalizing with every passing second. But Boomer conservatives, especially Trump, feel a special sort of victimized when a celebrity they once admired tells them they suck, which is fun, so let’s just take our small amusements where we can find them.

https://jezebel.com/barbra-streisand--to-bait-trump-with-send-in-t-1836952814


Source: cryptoassethome
Barbra Streisand Continues to Bait Trump With ‘Send in the Clowns’ Parody

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Traction continues for Travala.com with 833 room nights booked in July 2019, growing 18.8% month-on-month.

Traction continues for Travala.com with 833 room nights booked in July 2019, growing 18.8% month-on-month. submitted by /u/xenzor
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Source: CryptoCurrency
Traction continues for Travala.com with 833 room nights booked in July 2019, growing 18.8% month-on-month.

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Bitcoin continues correcting despite bullish market sentiment

The recent volatility of Bitcoin has caught many investors by surprise. As many of them continue betting that the pioneer cryptocurrency will go up, the fact is that it . As a result, this short technical analysis will evaluate how low could go if the bearish trend continues.

Bitcoin Technical Analysis

Based on the 12-hour chart, Bitcoin is trading inside a descending parallel channel. Recently, BTC bounced from the bottom to the middle of the channel and was not able to reach the top. Now, everything seems to be indicating that it will pull back to the bottom of the channel once again.

BTC price

A correction to the bottom of the descending parallel channel, which is where the 50 percent Fibonacci retracement level is sitting at, is extremely possible. As the 38.2 percent Fibonacci retracement level seems to be getting weaker now that it has been tested on three different occasions, the drop could be imminent. Thus, the chances for a further decline have increased and the next support level is around the 50 percent Fibonacci retracement zone between $8,700 and $8,500.

The moving averages on the 12-hour chart tell a similar story. Since Bitcoin appears to have broken the support given by the 150-twelve-hour moving average, the next level of support is given by the 200-twelve-hour moving average, which is sitting around $8,700.

It will be very important for Bitcoin to hold around the 200-twelve-hour moving average. Moving below this support cluster will also indicate a break of the descending parallel and 50 percent Fibonacci retracement area. If this were to happen, BTC could likely plummet to another 17 percent to $7,230, which is where the 61.8 percent Fibonacci retracement level is at, and will represent a nearly 50 percent correction from the recent high $13,870.

It is worth noting that the 61.8 percent Fibonacci retracement is considered the ‘golden’ retracement area. This Fibonacci retracement level represents a pivotal point for BTC’s trend. Usually, a pullback to this zone is an indication of an exhaustion point. A correction, like the one just experienced, to these levels will suggest a rebound. However, a break below the golden retracement level is a signal of a trend reversal from bullish to bearish.

Bitcoin Overall Sentiment

Despite the bullish sentiment that can be seen in the cryptocurrency market, it appears that Bitcoin may have more legs down. Based on this short analysis of BTC’s 12-hour chart, everything seems to indicate that will indeed test the bottom of the descending parallel channel before any major upswings.

Nonetheless, the resistance given by 100-twelve-hour moving average could be used as an indicator that if it is broken to the upside Bitcoin could try to reach the top of the channel instead of the bottom.

The post Bitcoin continues correcting despite bullish market sentiment appeared first on CryptoSlate.


Source: cryptoslate
Bitcoin continues correcting despite bullish market sentiment

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