The Pump and Dump Schemes Are Threatening Bitcoin Price

Bitcoin Price Manipulation

Inflating prices through Pump and Dump schemes isn’t new to the stock markets; the unregulated and anonymous nature of cryptocurrencies makes it easier for scammers to manipulate stock prices.

NEM (XEM) President Lon Wong believes price manipulation is unavoidable in cryptocurrency markets saying:

“Price manipulation is not something new. You see it in mainstream markets as well. We are in a very nascent, growing phase of our industry and these things are unavoidable,”

Cyber attackers had recently stolen $530 million of NEM coins from the Japanese exchange.

It Isn’t Difficult To ...

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Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July

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Tom Lee, co-founder of Fundsrat Global Advisors, the only major Wall Street strategist covering bitcoin, expects bitcoin to reach new highs again in July, according to Bloomberg. The cryptocurrency has been posting some recovery since falling 70% from its Dec. 18 high to its Feb. 6 low. Lee, who urged caution during bitcoin’s record “bull … Continued

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Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000

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The cryptocurrency market recovery finally began to stall on Friday, potentially bringing an end to the longest rally of 2018. The Bitcoin Cash price, however, continued to post double-digit percentage gains even as other coins began to trade sideways. Yesterday, the cryptocurrency market cap had reached a pinnacle of $486.5 billion, its highest point since … Continued

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Bitcoin Price Surges to $10,000 as Market Continues to Recover to $500 Billion

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The bitcoin price has surpassed the $10,000 mark, which analysts including BitFury vice chairman George Kikvadze described as a psychological threshold, as the entire cryptocurrency market recorded large gains. Bitcoin In yesterday’s report, CCN noted that bitcoin is in an ideal position to break through the $10,000 mark, given its strong volume across all major … Continued

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Want to Win Bitcoin (BTC)? MonteCrypto Game Launches Feb 20th

MonteCrypto

Yes, you read that right – it is possible to win a single Bitcoin if you can defeat a new video game that launches very soon. MonteCrypto: The Bitcoin Enigma is set to launch on Steam on February 20th.

Steem is a cryptocurrency used to power the Steemit platform; a blockchain-based social media platform aimed at incentivizing users to create and curate content on Steemit. Each creator gets rewarded for their work.

Currently, there is a 40% discount if you buy the game on its release date, costing only $1.19.

The game ...

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Bitcoin Price Tests $10,000 as Market Cracks $475 Billion

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The cryptocurrency market recovery continued on Thursday, with nearly every top 100-cryptocurrency rising in value against the US dollar. The Bitcoin price headlined the advance, testing the $10,000 for the first time since Feb. 1. Ripple, meanwhile, surged on the surprising news that money transfer behemoth Western Union is trialing XRP integration in a pilot … Continued

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Bitcoin Price Moves Back to $10,000 – Is it Really Heading towards $50,000?

Bitcoin Hits $10k

Bitcoin (BTC) has almost hit the résistance level of $10,000 in today’s trading. The market trends are steadily moving in favor of bulls following a horrible crash in the last couple of weeks.

The main reason for this is said to be South Korea’s retraction from it’s earlier stance; authorities had previously threatened to forbid cryptocurrency trading by imposing harder regulations. It’s newly adopted more lenient approach to crypto trading has sparked a broader market rally in prices as trader sentiments are now positive again.

Dan Morehead, who bought his first bitcoin ...

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Bitcoin Price Watch – BTC/USD Recovery Continues, Rises Above $9,300

Bitcoin Price Watch

Bitcoin is back — the digital coin continued to recover and rose above $9,300 earlier today.

BTC Now Up 12% Over Past Week

Following yesterday’s run to $8,900, BTC recovered further today, surging past the $9,300 mark for the first time in two weeks. At the moment, BTC is priced at around $9,250, which is an approximate 12% gain over the span of one week.

For the short term, BTC is holding down a major support at $9,120 (as shown in chart). It went on a big run earlier today that took the coin’s ...

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Bitcoin Price Watch – BTC/USD Rebounds to $8,900

Bitcoin Price Watch

On Tuesday morning, BTC managed to bounce back to $8,900 and reached its daily high of $8,952.90. The coin is trading at $8,545.10 as of 12 PM EST, which means it rebounded by approximately 20% over the past week.

Further Upside For BTC/USD

With the price movements observed recently, further upside is expected for BTC. Two major bullish trend lines (as shown in chart) were formed today, with the latter line continuing and moving toward a resistance level of $8,600. If this resistance holds, then the next move up could finally end up at the $9,000 ...

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Cryptocurrencies Bottomed Out But The Mining Malware Could Hinder The Rally

Mining Malware

After wiping billions of dollars off the market in the last couple of weeks, cryptocurrencies extended the bull run regardless of the stiff resistance from bears. Bulls are firmly holding the market today; predicting that the price has hit the bottom of the selloff and will increase again. Last weekend was especially volatile; Bitcoin and other prominent cryptocurrencies had made substantial sideways movement before extending the rally again on Monday morning. 

source Image: coinmarketcap.com

Bitcoin moved to the six days high of $9,000 on Saturday, but it fell back below $8,500 on Sunday. The ...

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Bitcoin Price Struggles to Break Through Resistance at $9,000

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The cryptocurrency market recovery hit a wall on Tuesday, forcing the Bitcoin price back down to $8,500 and all major coins and tokens into decline as well. There was no clear trigger for the pullback, which brought an end to the market’s longest rally since December. Altogether, the cryptocurrency market cap declined by $18 billion,

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Bitcoin Price Finds a Base at $8,000

The post Bitcoin Price Finds a Base at $8,000 appeared first on CCN

The Bitcoin price appears to have found a base at $8,000 as it seeks to recover to its mid-December high. Bitcoin Price Finds a Base at $8,000 At this time last week, the Bitcoin price was neck-deep in the most precipitous market correction that the majority of cryptocurrency investors had ever experienced. By the end … Continued

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Bitcoin Price Eyes $9,000 as Markets Recover from Sunday Dip

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The cryptocurrency markets entered the week on a high note, as every top 100-cryptocurrency rose against the value of the dollar on Monday. The rally placed the Bitcoin price in position to surmount the $9,000 barrier, while the Ethereum price began to test $900. Altogether, the cryptocurrency market cap made a nearly $40 billion advance, … Continued

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UK Entrepreneurs Sell 50 Apartments in Dubai for Bitcoin

Dubai

At this point, it’s fair to say the cryptocurrency industry is constantly evolving. Over the course of the past couple of months, we have seen a number of countries roll out new uses for virtual currencies. In Canada, for instance, individuals can now use Bitcoin to purchase meals from KFC. In Australia, travelers will soon be able to purchase items using Bitcoin in the Brisbane Airport. Now, we’ve been informed that luxury flats in Dubai can be purchased with the virtual currency. In fact, there have already been 50 flats sold in Dubai for Bitcoin.

Dubai’s New ...

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Bitcoin Price Watch – BTC/USD On Upward Swing

Bitcoin Price Watch

February 9, 2018 – Bitcoin price watch. On Friday, Bitcoin continued to rally despite the continuing stock market woes. Currently, BTC is trading at $8,547.10 as of 12:30 PM EST, which is near today’s highest point.

Bitcoin On Upward Swing

Looking ahead, it seems further gains could materialize for BTC. The price actions over the past few days have been encouraging for Bitcoin investors, and its price has more or less stabilized at above $8,000.

Today, more bullish trends have emerged. There was a huge upswing that took BTC from around $8,275 toward the ...

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Bitcoin Will Surge Further – Here’s Why

Bitcoin predictions

Bitcoin predictions: Cryptocurrencies have been stabilizing over the past three days – something rather unprecedented. Markets had witnessed Bitcoin’s upside volatility last year but found it equally volatile on the downside; the slump from $19,000 to less than $6,000 in last month alone vindicated the instability for both trends.  

In spite of the massive sideways movement, returns from crypto funds topped hedge fund returns last year.

For instance, Pantera Capital, which started its first cryptocurrency fund in 2013, generated returns of 22,000 percent since its inception. Last year, Cryptocurrency fund returns were significantly higher ...

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Ripple Price 25% Gain Headlines Crypto Markets Recovery

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The cryptocurrency markets extended their recovery on Friday, adding $14 billion to inch their way back above the $400 billion threshold. This time, however, it was the Ripple price’s turn to lead the rally, and the third-largest cryptocurrency posted a large-cap-best 21 percent increase. At present, the cryptocurrency market cap is valued at $413 billion,

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Bitcoin Price Analysis – BTC/USD breaks through $8,500, Further Gains Ahead?

Bitcoin Price Analysis

This morning, BTC price broke through the $8,500 barrier and hit a high of $8,621.28. Currently, it is trading at around $8,158.85 as of 12:30 PM EST.

Further Gains Ahead?

As mentioned in our analysis yesterday,  a resistance level was established for BTC at $8,300. This was tested earlier today, and a couple of bullish trend lines were formed leading up to BTC’s peak for the day.

This means that the market for BTC has mostly stabilized, especially in light of news that European banks could start holding the leading cryptocurrency shortly. Also, reports ...

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Bitcoin Cash Price Leads the Index as Market Recovers to $400 Billion

The post Bitcoin Cash Price Leads the Index as Market Recovers to $400 Billion appeared first on CCN

The cryptocurrency markets continued to advance on Thursday, but today’s returns were far more muted than the euphoric leap that greeted investors on Wednesday. The rally was largely concentrated among large-cap coins, and the Bitcoin Cash price posted far-and-away the top gains of any top-tier cryptocurrency. Altogether, the cryptocurrency market cap added approximately $11 billion, … Continued

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Analysts Predict Bitcoin Will Hit $50K in 2018

Bitcoin prediction

Bitcoin prediction: It’s been the roughest week yet for cryptocurrencies as the price of Bitcoin sank to just over $6000 – its lowest since November. This, coupled with regulatory fears and ICO scams, has led to increasingly bearish sentiments towards the cryptocurrency market in general. It has lost $340 billion USD since the start of the year. So it’s great news for investors today, as the price of Bitcoin unexpectedly soared 11.4% – over $800 USD – from last night’s low, at 3:30 pm EST this afternoon (the time of writing). But the even bigger news is that ...

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