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100,000 BTC dump after the movement from the Silk Road wallet.

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Crypto markets specially BTC endured a sharp decay inside 60 minutes after 100,000 BTC movement from the Silk Road wallet.

Crypto markets specially BTC endured a sharp decay inside 60 minutes, with add up to market top down $12 billion and the greater part of the main 100 coins by market top in red.

Market representation

Significant cryptocurrency Bitcoin (BTC) has again plunged beneath the $7,000 point today. Bitcoin is down around 5 percent in the course of recent hours, exchanging at around $6,996 at squeeze time. The advanced money is not really holding month to month gains, while week by week losses have added up to around 1 percent by squeeze time.

Ethereum (ETH) has likewise endured losses today, with its price having dove far beneath the $300 point. Ethereum is presently exchanging at $258, down in excess of 11 percent over a 24 hour term to squeeze time.

Add up to market top is down significantly inside only 60 minutes, and seems to proceed with the descending pattern, seeing another plunge. Add up to crypto market capitalization is around $222 billion at squeeze time, down from yesterday’s high of $240 billion.

Amid this descending pattern on the market, Bitcoin has again observed critical development regarding predominance over whatever is left of cryptocurrencies. Running in parallel with the sharp dive of the markets, Bitcoin’s predominance has fundamentally expanded over a brief timeframe, up one percent, as of now adding up to 54.3 percent. This is the most astounding purpose of BTC predominance in the course of recent weeks.

The normal losses of a large portion of the best altcoins by market top range inside an interim of 9 to 12 percent to squeeze time, with significant coins Ripple (XRP), Bitcoin Cash (BCH), and EOS down 11 percent, 10.2 percent, and 10.9 percent individually by squeeze time. XRP is exchanging at $0.30, while the prices of BCH and EOS add up to around $562 and $5.85 separately.

Bitcoin Gold (BTG), which will be delisted from major crypto trade Bittrex by mid September, sees littler losses, down 4.6 percent and exchanging at $20.60 at squeeze time.

Conversely, another hard fork of Bitcoin, Bitcoin Jewel (BCD), is seeing exceptional development today, up 110 percent in the course of recent hours to squeeze time.

CNBC’s crypto broker host Ran NeuNer has in this way responded on his Twitter to the ongoing market plunge, composing that the “movement” from a crypto wallet supposedly connected with the Silk Road could be the purpose behind the drop.

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Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto?

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A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.Here is what they revelead.

The identity of Satoshi Nakamoto is one of the biggest secrets in the world, especially in the cryptocurrency industry. A lot of people have speculated the real identity of the bitcoin founder and some people such as Craig Wright has even self-proclaimed themselves to be Satoshi Nakamoto. A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.

 

Where in the world is Satoshi: The Countdown ends

The website ran a countdown and also posted on their official twitter account claiming to know the real identity of the founder of bitcoin.

 

The countdown which ended just a few minutes back (from the time of publication) revealed a video which is actually marketing a news website called PaiNews. It seems that it was just another joke or a method of fooling and attracting traffic to the website.

 

What are your thoughts on such lame jokes or methods of attracting traffic? Tell us in the comments section below.

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Kevin O’Leary from Shark Tank calls Bitcoin: Garbage and a Useless Currency

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During an interview with the CNBC, Kevin O'Leary from Shark Tank said that according to him Bitcoin is garbage and a useless currency.

During an interview with the CNBC, Kevin O’Leary from Shark Tank said that according to him Bitcoin is garbage and a useless currency.

 

Kevin O’Leary calls Bitcoin Worthless

Famous as the founder of Softkey, a startup that earns annual revenue of around $29 million and a host on the American business reality series Shark Tank, Kevin O’Leary is a celebrity amongst the business class in the United States of America.

 

During the interview published on 14th May 2019, Kevin expressed his thoughts over the king of cryptocurrencies bitcoin and called it a useless currency as the people who accept it just wants to hedge against the high volatility of the virtual currency. This comes in the midst of the current bitcoin surge as the virtual currency doubled its value in just a few days from below $4000 to more than $8000.

 

Kevin also explained why he has such negative views on bitcoin giving the instance of how once he tried using bitcoin for a real estate transaction in Switzerland. He said that it is not possible to get in and out of bitcoin while transacting in huge amounts.

 

He also gave an example stating that if one wants to buy real estate in Switzerland for $10 million. The seller wants a guarantee that the value comes back to him as currency at ten and the buyer has to hedge the risk of the cryptocurrency, hence it is not a real currency. Kevin said that the seller or the receiver would never want to take the risk of such high volatility and thus BTC is worthless.

 

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Amazon Owned Whole Foods, Other Big Retailers Start Accepting Bitcoin

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Whole Foods, which is owned and operated by the e-commerce giant Amazon and other big retailers are now going to accept payments in bitcoin.

Whole Foods, which is owned and operated by the e-commerce giant Amazon and other big retailers are now going to accept payments in bitcoin.

 

Whole Foods and Others accepting Bitcoin using Spedn:

A company called Flexa in collaboration with Gemini exchange which is owned by the Winklevoss Twins has managed to persuade a lot of big retailers including Nordstrom, Crate and Barrel & Whole Foods to configure the same scanners that they are already using for payments from other digital wallets like Apple Pay to work with their cryptocurrency payments app called Spedn.

 


Everything is handled on the backend of the application so that the cashier need not even have heard of bitcoin, let alone understand how to manage payment in cryptocurrency. The merchant has the choice in receiving immediately converted fiat or actually taking and holding the cryptocurrency.

 

The Spedn app lets consumers pay in bitcoin, bitcoin cash, ethereum and GUSD (Gemini Dollar), the Gemini backed stablecoin.

 

This new solution actually uses the existing systems and offers really only upsides for the companies as they don’t have to do any special training for their staff and there is no new hardware required and just a software upgrade.

 

It is worth noting that this is still in its early experimental stages for all the retailers which are cooperating with this scheme and things may of course change in the future. The thing to keep in mind here is that Bakkt is likely launching a massive payment processing service for cryptocurrency in the very near future as well and it could be a big competitor to what Gemini and Flexa are offering.

 

The company will also need to prove itself with consumers and get people to actually go out, download and use the Spedn app.

 

Can this be a game changer in retailer adoption of bitcoin and cryptocurrencies? Let us know about your thoughts in the comments section below.

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