Curate Bitcoin 02/16/2020 by dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Latest Crypto Fear & Greed Index


Mainstream Moments and the CompuServe of Crypto, Feat. Andreas M. Antonopoulos [Updated Feb 16, 2020 at 14:32 UTC] [coindesk.com]


Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider [cointelegraph.com]

BTC USD daily chart. Source: TradingView
BTC USD daily chart. Source: TradingView | The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time.

Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different?

SUNDAY DIGEST: BITCOIN PRICE, ETHEREUM GAINS AND OTHER NEWS [bitcoinist.com]

Miner behavior suggests Bitcoin price will top $15,000 post halving [micky.com.au]

Blockchain analytics firm Tradeblock produced the estimates in a new report that also says the decision by commercial operators to continue to throw more resources into mining shows they expect the price to top that level post halving.

Of course, if it doesn’t, then a lot of miners will go to the wall and the hash rate will drop substantially as many have already predicted.

The Litecoin hash rate plummeted 70% following the LTC halving last year. However, due to demand and Bitcoin’s other strengths, a similar drop is unlikely.

These Simple Factors Show Bitcoin Could Be in for Intense Bearishness [newsbtc.com]

This recent price action seems to have struck fear into the hearts of investors, as it could mean that the highly bullish market structure it has developed over the past several weeks will soon be invalidated.

Now, analysts are noting that there are a few key factors that could lead BTC to see further downside in the near-term, but it remains unclear as to whether or not this will be enough to invalidate its 2020 uptrend.

Here’s the Key Level Bitcoin Needs to Hold Above to Remain Bullish [ethereumworldnews.com]

In the near-term, despite the overt bearishness of the price action seen over the past couple of days, it is possible that the crypto will soon break back above $10,000.

In order for this bullish possibility to be validated, however, it is imperative that BTC holds above $9,500 before its daily close.

Why Bitcoin Should Have Been a Part of These 5 Hedge Funds? [thebitcoinnews.com]

According to the latest research by Bloomberg, the top 5 hedge fund managers are estimated to have earned over $1 billion each. Among the top 10 investments contributing to the success of these 5 were tech stocks such as Facebook Ltd and Alibaba.
While it was a successful year for these fund managers, their results could have been more impressive had they invested in cryptocurrency.
Based on Bitcoin’s results in 2019, which regularly beat the S&P index, had they made steps to integrate the cryptocurrency into their portfolios, there’s a strong chance that these hedge funds could have majorly increased their returns.
Wh0 were the top 5 fund managers?

Crypto’s fate might rely on Dai-based food truck experiments [decrypt.co]

  • ETHDenver’s radical experiment to use Dai to buy food had mixed results.
  • Good news, 60% of transactions went through. Bad news, 40% didn’t.
  • We spoke to Austin Griffith, who runs the project, for his take on how it went.

XRP could revisit $0.40 next month as correlation with Bitcoin increases [ambcrypto.com]

XRP
Correlation with Bitcoin | Source: CoinMetrics

XRP performance marked nearly 90% gains since the start of the year. However, the bridge currency hasn’t touched the $0.40 level since July last year, though that might be about to change this alt-season. CoinMarketCap shows the coin has a market capitalization of nearly $13.5 billion, with over $4 billion worth of XRP traded in the last 24 hours.

A Visit to This Key Level Could Send Ethereum on a Violent Rally to $370 [newsbtc.com]

This parabolic rally led the crypto as high as $290, which is around where its buyers lost their strength, subsequently leading the crypto to reel back down to $260.

In the near-term, one prominent analyst is noting that the crypto could see some further short-term downside, but it is important to note that a visit to its previous swing highs could catalyze a massive rally that leads ETH up to fresh yearly highs of $370.

Here’s What’s Behind the Bitcoin (BTC) and Ethereum (ETH) Crash? [bitcoinexchangeguide.com]

  • $100 million spoofing on BitMEX might not want to buy BTC and send it to the moon
  • It wasn’t the record RSI indicating Ethereum is “overbought” but whales
  • An exploit from Fulcrum trading helped make a hacker 10,000 ETH, worth about $3 million

Coronavirus Cash Quarantine Comes to China in Attempt to Sterilize Fiat Currency [dailyhodl.com]

Data from the Johns Hopkins real-time tracker shows that as of Sunday, global cases of the coronavirus have reached 69,183, including 1,669 deaths with 9,521 recoveries.

As part of the measures to reduce further spread of the virus, China’s central bank is funneling 600 billion yuan ($85.9 billion) in new cash for Hubei, the center of the epidemic, with the provincial capital, Wuhan, receiving 4 billion yuan ($572 million) new banknotes.

What Exactly Is Facebook’s ‘Libra’ Cryptocurrency? What Are Its Challenges? [cryptoglobe.com]

Libra would give these unbanked masses the ability to transfer money across the world instantly, on a secure network and at a low cost. If implemented, Libra would be an example of ‘leapfrogging’ technology, in which developing societies bypass what traditionally would have been a necessary technological evolution (i.e. the establishment of more banks) in order to get to an end point.

Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges [blockmedia]

Changpeng Zhao, the CEO of Binance and one of the most influential personalities in the industry, recently left his rare take on the matter. In a thread that touches upon how the cryptocurrency market is being manipulated by big players, CZ tweeted that the price of BTC would be extremely high if crypto exchanges could manipulate prices. Since exchanges have skin in the game, it doesn’t make any sense for them to dump the BTC price.

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan [bitcoin.com]

The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central bank digital currency to achieve scale from the get-go has put several other central banks worldwide on high alert.

More news and community @Publish0x


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