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Weekly Cryptocurrency Market Analysis: Altcoins Fail to Sustain Recent Rallies, Lose Strength on Bear Market

Source Node: https://coinidol.com/altcoins-lose-strength/
Time Stamp: November 17, 2021 6:00 AM - Modified On: November 17, 2021 - Published By:
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Republished By Plato

Nov 17, 2021 at 11:00 // News Cryptocurrencies failed to continue recent rallies as altcoins fell back to their previous lows. OMG Network lost all of October's bullish gains and became the biggest loser of the last 7 days. OMG Network Since October 4, OMG Network (OMG) has been trading below the overhead resistance of $18. On November 4, buyers pushed the altcoin to retest the overhead resistance. The cryptocurrency formed a bearish double top that led to a downside move. The selling pressure erased the bullish gains from October.

Tai Hing Announces 2021 Interim Results

Source Node: https://www.acnnewswire.com/press-release/english/69066/
Time Stamp: August 27, 2021 7:50 AM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

HONG KONG, Aug 27, 2021 - (ACN Newswire) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its interim results for the six months ended 30 June 2021 ("1H2021" or the "Review Period").RESULTS HIGHLIGHTS-- Revenue increased by 16.4% to HK$1,532.7 million in 1H2021 (1H2020: HK$1,316.9 million) though both markets in Hong Kong and Mainland China still saw challenges

Ripple Price Analysis: XRP rejects further upside above $0.62, prepares to move lower?

Source Node: https://www.cryptopolitan.com/ripple-price-analysis-2021-07-25/
Time Stamp: July 25, 2021 8:19 AM - Modified On: July 25, 2021 - Published By:
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Republished By Plato

TL;DR Breakdown XRP continued to move higher yesterday.Consolidation around $0.61 was established overnight.XRP/USD prepares for further downside. Ripple price analysis indicates bearish momentum to follow next week as further upside was heavily rejected overnight. Therefore, we expect XRP/USD to start declining over the next 24 hours to reach the $0.52 previous low next week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a slight bullish momentum over the last 24 hours. Bitcoin increased by 1.77 percent, while Ethereum around 0.35 percent.  Ripple price movement in the last 24

Institutional FOMO? CME Bitcoin Futures Open Interest Soars to $841M

Source Node: https://cointelegraph.com/news/institutional-fomo-cme-bitcoin-futures-open-interest-soars-to-841m
Time Stamp: August 11, 2020 8:15 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can't be deemed bullish on a standalone basis, it does signal that professional investors' interest in Bitcoin continues to grow at an immense rate. Further proof of this comes as MicroStrategy, a Nasdaq-listed company worth more than $1.2 billion, announced the acquisition of 21,000 Bitcoin for $250M. This shows that regardless of what critics have said about cryptocurrencies, savvy investors and entrepreneurs have recently built sizable positions in Bitcoin and some altcoins.CME

China: Loudi City Mayor Promotes Blockchain to Fight Crime

Source Node: https://cointelegraph.com/news/china-loudi-city-mayor-promotes-blockchain-to-fight-crime
Time Stamp: August 10, 2020 6:21 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10, Mayor Yang Yiwen responded to reports on the progress of a trial blockchain project that is currently being conducted by the bureau and a local technology firm. The project combines blockchain technology with multi-party computing and big data to improve trusted data exchange and information traceability across a collaborative network. This network unites telecommunication network operators, banks and

Number of Bitcoin Cash Whales Drop Following 39% Price Surge

Source Node: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge
Time Stamp: August 9, 2020 11:58 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales

Japanese Messaging Giant LINE’s LN Token Trading on BitMax

Source Node: https://cointelegraph.com/news/japanese-messaging-giant-lines-ln-token-trading-on-bitmax
Time Stamp: August 9, 2020 10:52 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Crypto exchange BitMax just made Japanese messaging app LINE’s token available for trading.According to an Aug. 6 notice from LINE, the biggest messaging app in Japan with 84 million active monthly users will be making its native LINK (LN) token available for trading through crypto exchange BitMax. This makes LN the sixth crypto asset currently supported by the exchange, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).The LN token was originally issued in 2018 for users as part of a rewards program through the messaging app.

10,000 New Blockchain Firms Established in China So Far in 2020

Source Node: https://beincrypto.com/10000-new-blockchain-firms-established-in-china-so-far-in-2020/
Time Stamp: August 7, 2020 1:39 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

With over 10,000 new blockchain firms emerging in China in 2020, the number of companies developing solutions based on the novel tech appears set to cross the 90,000 mark. China remains a blockchain hub with Beijing’s anti-crypto stance not extending to companies looking to leverage decentralized ledger technology (DLT). The country’s Blockchain-based Service Network (BSN) is also looking to foster greater public-private partnerships in the sector. New Chinese Blockchain Firms in 2020 Surpass 2017’s Total According to figures from crypto market data provider LongHash, China’s blockchain startup scene has grown

Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

Source Node: https://cointelegraph.com/news/cryptocurrency-exchange-okex-tackles-small-balances-with-new-offering
Time Stamp: April 7, 2020 6:37 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB.OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%.A trader told Cointelegraph that small balance handling