Keeping The Bears At Bay; Bitcoin’s Performance Over The Last 10 Days

While Bitcoin hasn’t been a disappointment for the last 10 days, it hasn’t invited the bulls either. After the price experienced a flash crash and then got back up to the $8k level, the Bitcoin market has been swinging between $7,600 and $8,000, creating a tense atmosphere with no clear indication of whether the crypto is leaning on bulls or the bears.

However, Bitcoin seems to be holding on great – at least in the eyes of Fundstrat’s Tom Lee. Thomas Lee is an analyst and co-founder of Fundstrat Global. In a recent tweet, Tom asked his followers what they thought of Bitcoin’s market standings over the last 10 days.
Some People Are Bearish
While seeking an answer to his question, Tom mentioned that a lot of people have been bearish on Bitcoin of late. These people have relied largely on technical indicators of the last few days that somehow predict a bearish phase for Bitcoin.
Granted, Bitcoin brought the crypto market out of the winter, scoring an over 140% price increase since the start of the year. Since then, a lot has been said regarding Bitcoin’s future, with a huge section of the crypto community expecting Bitcoin to make a huge leap soon – especially considering that the crypto network is due for a block reward halving in 2020. At the moment, it’s not clear which direction Bitcoin might take, but a lot of people are still bullish.
Tom Lee’s tweet received responses from his online followers, many of whom were happy to confess that, indeed, his 10 days predictions were spot on. As a guy who has been in the research and analysis business since 1993, Tom Lee stands out as a credible source of insights for many of his followers. One of his fans even went ahead to request Tom to start a mentorship program.
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$10.8 Billion Bitcoin Tussle Heats Up as Florida Court Summons Craig Wright

By CCN Markets: Craig Wright is to appear in a Florida court next week to contest allegations that he stole 1.1 million Bitcoin from his old friend, Dave Kleiman. Wright had initially appealed to postpone proceedings or be allowed to attend via video conference call. Those appeals were denied by District Judge Beth Bloom, who deemed the plaintiff’s claims substantial enough that he show up in person to defend against them. Wright summoned to florida court on june 18th According to a court docket filed June 10th by the US District Court for the Southern District of Florida, Wright’s motion
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Litecoin Price Spikes 357% in 2019 and Momentum Isn’t Dead Yet

By CCN Markets: Year-to-date, litecoin price has increased by 357 percent against the U.S. dollar, outperforming every top ten crypto asset in the global market including bitcoin, Ethereum, and EOS. The consistent increase in the value of the crypto asset is said to have been triggered by the anticipation of its block reward halving that is expected to occur in about two months. Crypto assets based on proof-of-work (PoW) blockchain networks that involve mining in the likes of bitcoin and litecoin go through a mechanism called halving every four years, an event that reduces the rate of the production of
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Crypto Expo Asia -2019 Dive Into The World Of Crypto

When – October 26, 2019
Where – Marina Bay Sands Convention Centre

The secrets of a global phenomenon – crypto-world – is going to be revealed during Crypto Expo Asia, Singapore in Marina Bay Sands Convention Centre on the 26th of October. Experts, professionals, crypto-enthusiasts are ready to share their knowledge and to answer your essential questions about cryptocurrencies.
Educational speakers in the workshop and speaker halls are going to share out their experience and to answer important and vital questions about the crypto-world. Inside the large interactive exhibit hall, every visitor will get access to the newest crypto tools including the ones directly from fintech companies.
Not to mention that Crypto Expo Asia agenda is in line with the latest trends and developments of the industry and the expo-forum program is filled with entertainments, incredible shows, music, fantastic prizes, and live performances. 
Crypto Expo Asia is organized by FINEXPO, which is the largest company organizing financial and trading events, fairs, expos, and shows worldwide since 2002. Over 30000 traders, investors and financial advisors and more than 3 000 financial companies and brokers from Forex, stock, option, bond crypto money and forward markets from all around the world have been connected by FINEXPO.
Our goal is to provide attendees with high-quality information, latest trends and brand-new techniques from the world of crypto and to make a modern basis for communication between companies and customers.
Make a reservation on the event website and get access to the incredible flagship event in ASIA.
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CCN Markets is Rising From the Dead

Dear readers, Thank you so much for your love - it has overwhelmed our amazing team and me this week. We’ve received hundreds of supportive emails, Facebook messages, LinkedIn messages, and tweets. We have also received all manner of helpful feedback from SEO experts and product experts in Google’s Webmasters Forum. While we’ve been working in the dark, trying to get to the bottom of our massive visibility drop on Google, a friendly helper in Google’s forum mentioned that ‘’ - our previous domain- is reappearing in Google searches. That was a massive surprise for us as I personally requested
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5 Methods to Confidently Get Your Start-Up an Investment

An exciting new culture has picked up. Tech entrepreneurs are arranging events to link startups with investors. It makes an easily approachable platform for both parties to interact in.
They meet like-minded, progressive people and build relationships strengthened in ideas. You, as a new start-up, might find immense benefit in attending such promising events. An audience will be looking to support you. Keeping this in mind, here are ten methods to inspire you to rise, seize your chances, and climb up the ladder of success!

Own Yourself and Your Idea

Being small on the economic scale might put off some people from being as monumental as they could be. Apple does not tone down on how it wants to be. Google doesn’t look for modest ways.
They had a dream; they acted on it. This analogy does not necessarily imply that every startup is a flower waiting to bloom. However, if you do not water the seed, you will never know.

Reconsider and Clarify

You have an idea. You have spent hours practicing the pitch in front of the mirror; or in front of a best friend, and you have laid down a plan. Here is an invitation to pause. In this space, you can take a look at your startup idea from a neutral ground. What does it lack? Is the startup too dependent on fantasy and not rooted in reality? Is it too risky for an investor? Is it non-profitable for the manufacturer?
How do you solve these problems? If you cannot, how do you maneuver around it?

Consider The Viewpoint of an Investor

This ties into the point on the clarification of your idea. As you clarify your own plan, determine the priorities and the motivations of the investor as well.
Is he really about giving a golden opportunity to a few young people brimming with the potential energy to burst into the scene? Or, does he consider the low economic input and the high payback in startup investment? Will an investor reject a non-trustworthy presentation, no matter how brilliant the idea is? Or, will he relish in taking risks?
There is no intent to berate an investor. They are the people who put the funds in; thus, making the wonder of startups possible. Consequently, you need to think thoroughly. If you discover the motivations behind why an investor invests, you find out how you need to present yourself to appeal to those specific motivations.

Consider your Branding

You do not pay for a product; you pay for the emotions you relate to the product.
Have you noticed how Coca-Cola always places the word “happiness” in every medium they interact with their customers? What emotions are you selling? Is it ease and relaxation that you sell; and hence, the emotion of peace? Or is it adrenaline that you want to activate?

Go Out

Here’s a repetition of a point, but only because it is crucial and fitting for the end.
If you never water the seed, you will never know if it will bloom or if it is a hoax. To further encourage you, ask yourself this question: How often is it that flower seeds are a hoax?
Where to go out, then?
I will round back to mentioning the events with promote start-ups and enable them to meet with interested investors. One such event, starting soon, is Pitcher Perfect organizing by UCIM. If you are able to go to Hong Kong on the 21st of June, attend it. It has had an excellent record in its past editions, and it will allow you, as a startup, to reach out to present pitches to high-value investors, learn from valuable feedback, and widen your connections over dinner and drinks.
Use these tips to find success. All the best!
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Enthusiasts Predict Ripple’s XRP Can Reach $10 in the Next 12 Months

Most crypto enthusiasts believe Ripple would be able to hit $10 in the next 12 months. The Fintech company has been making some groundbreaking efforts to push cryptocurrency to the mainstream. Besides, it has also integrated its native token XRP with its major decentralized financial tools.
Predictions have been one of the major drives of crypto price. Most of these are sometimes based on the current situation surrounding the digital assets, other times, it could be just to gain popularity. This prediction is made based on Ripple’s relentless effort to establish crypto adoption at the enterprise level.
Though most people in the crypto community don’t believe this prediction can come through in the next ten years, looking at Ripple’s push and latest development, this could be a reality.
Ripple is continuously adding new clients, like banks and other major payment processing companies. Many financial institutions are also using the Ripple protocol for cross-border transfers. In the nearest future, as it continues to add more clients to its system, Ripple will be able to increase its market cap and significantly increase its token value.
Ripple is now connected to the major financial monitoring authorities like IMF, Central Banks and EU Commission. This affiliation will cause Ripple to easily link up with the commercial banks which are under the control of these financial authorities.
Other big money transfer companies may have a larger retail network but Ripple can leverage on its wholesale network of financial authorities and institutions to excel.
Ripple Features and Financial Tools
RippleNet is a blockchain based platform which enables faster, seamless and cheaper cross-border payment processing via decentralized applications.
Transactions can be processed in seconds via this platform, averaging 1500 per second. Though this is a far cry to Visa’s 42,000 per second, Ripple tools are expected to increase speed as more clients are signed on.
The native token XRP integration with Ripple financial tools will increase its utility volume.
Ripple may have major competitors like SWIFT, Visa and Western Union, it also has backing from the major financial authorities.
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After Fleeing From the US Government John McAfee Warns His Enemies

After Fleeing From the US Government John McAfee Warns His Enemies

For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U.S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone.

Also Read: CME’s Bitcoin Futures Hit New Records

McAfee: ‘All I Wanted Was to Be Left Alone’

John McAfee is well known for starting a multi-billion dollar antivirus software corporation but he’s also known for his flamboyant personality over the years. McAfee’s recent troubles started during the beginning of the year when he tweeted to his 960,000 followers that he was now “living in exile.” He explained at the time that he was charged with felonies handed down by the Internal Revenue Service (IRS). McAfee stated on his boat that he and his wife Janice received notice from a grand jury for “various tax fraud issues.” “I have not paid taxes for eight years and I have made no secret of it,” McAfee told his fans. For a while, McAfee didn’t seem to have any issues traveling around the Caribbean islands with his crew and shared pictures and videos of himself living at sea.

After Fleeing From the US Government John McAfee Warns His Enemies

Then, during the second week of May, one of McAfee’s campaign staff explained that John was going offline in fear for his life and freedom. “Developing events have made it necessary for John McAfee to go dark — Please be advised that this account will be operated by staff until further notice,” the staff member announced. “More details will be released in time.” When McAfee returned online, he told his Twitter followers that he and his wife Janice were “safe and sound in their new backyard as defiant, joyful and free as ever.” Many people suspect that McAfee has been meandering around the Bahamas from various posts on social media. However, McAfee’s geo coordinates, at least according to Twitter, shows he and his crew have been traveling the Atlantic, stopping off in places like Cuba, Bermuda, and Venezuela. On June 9, a specific Twitter post from Cuba addressed to McAfee’s followers explained that his recent tweets are really for his pursuers.

“My recent tweets are less for you than they are for my pursuers. They are shots across the bow — Leave me the fuck alone, or go down with the corruption you have embraced, because I will fucking bury you if you continue,” McAfee boasted. “Doubt me at your own fucking risk.” The very next day McAfee stated:

All I wanted was to be left alone. I paid tens of millions of dollars in taxes and received only the condescension of Federal employees, when I needed services, in return. I chose to pay no more. This is my crime. You should have left me alone.

The Backup Plan: 31+ Terabytes of Incriminating Data

McAfee now claims that the Department of Justice is in the midst of compiling a claim against him for money-laundering, racketeering, and even murder. According to McAfee, the Bahamas Assistant Police Commissioner Paul Rolle is now after him as well. The cryptocurrency advocate emphasized on June 11 that Rolle is cooperating with a rogue CIA agent in order to “collect” him. However, McAfee has a backup plan in place and insisted that he has collected files on corruption in governments and for the first time plans on naming names and specifics.

“I’ll begin with a corrupt CIA agent and two Bahamian officials — If I’m arrested or disappear, 31+ terabytes of incriminating data will be released to the press,” McAfee informed his enemies.

McAfee’s story and recent tweet tirade can be dizzying, but he’s managed to bring to the table the discussion of why he and many others believe taxation is theft and can only be done with the use of force and coercion. All John McAfee wants is to keep his hard earned money. “My entire life has been fighting, and running from corruption,” McAfee said on Tuesday. “We are in a sunny tropical country, surrounded by ocean, singing, dancing and drinking Mojitos — Please do not extricate me from this.” Moreover, after having to “mud wrestle the Bahamian Police Commissioner along with dodging assassins,” McAfee launched a cryptocurrency trading platform called McAfee Magic.

What do you think about the cryptocurrency advocate John McAfee on the run from government agents? Let us know what you think about this story in the comments section below.

Image credits: Pixabay, Twitter, and Youtube.

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Litecoin Breaks Away From BTC – Up 33% In a Week on Halving FOMO

Most of the major crypto assets such as Ethereum are still coupled to the movements of bitcoin. Only Litecoin has shown its independence recently as it continues to surge despite ongoing consolidation for bitcoin and the rest of the crypto market.

Litecoin 00 is on fire at the moment, surging another 12% today and making over 33% on the week. LTC has been one of the top performing crypto assets of the year notching up a whopping 345% since its lowly $30 price on new year’s day.
Litecoin Resistance Turns Into Support
Litecoin has surged from resistance at $125 to hit a new 13 month high of $140 during Asian trading today. LTC has not been price this high since mid-May 2018 when markets were on a downward slide from their peaks in January.
LTC prices 1 HR candles -
The move has pushed LTC market cap up to $8.6 billion and volume is hovering around record levels at $5.4 billion. As usual, the traders and analysts on crypto twitter have been scouring the charts looking for the next direction for Litecoin. Most agree that it will be up but key psychological levels of resistance have formed around the $150 area.
Trader Josh Rager has observed this and predicts a lot of profit taking at this price level, which is now only $10 away:
All you Litecoin fans must be happy about LTC breaking the current resistance on the daily. $125 has now flipped to support. Wouldn’t be surprised if LTC made its way up to $150 which will be strong resistance on the weekly and psychological take profit area.

All you Litecoin fans must be happy about LTC breaking the current resistance on the daily
$125 has now flipped to support
Wouldn't be surprised if LTC made it's way up to $150 which will be strong resistance on the weekly and psychological take profit area
— Josh Rager (@Josh_Rager) June 11, 2019
Others are in agreement with trader going by the handle ‘CryptoFibonacci’ eyeing the mid $140s and adding;
Very impressive, but running into some short term Fib extension resistance. Could still hit mid 140’s, but I expect a retrace here in the next couple of days.
FOMO Setting In For LTC
There is a lot of fomo floating around the crypto sphere this week and it is all for Litecoin. Even the coin’s godfather Charlie Lee, who has been quieter than usual lately, has retweeted things like
Litecoin is doing so well Craig Wright will soon be claiming he’s Charlie Lee.
The halving, which is clearly driving it, is still 54 days away so the big question is how high will LTC go and when will it fall back. Unless bitcoin makes a massive move north within the next two months, Litecoin is likely to retrace at some stage.
In the long term, this doesn’t really matter but traders seeking short term profits will probably pull out before the August event. At the moment though, all momentum is with ‘digital silver’ as it continues to outperform its ‘digital gold’ brethren, Bitcoin.
Will Litecoin surge past $150 or pull back soon? Add your thoughts below.

Images via Shutterstock,
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Crypto-Market Update: Litecoin [LTC] Breaks $140; BNB, ETH Rises as Bitcoin [BTC] Rejects Bears

Bitcoin [BTC] seems to have established support above $7600, consolidation in Bitcoin [BTC] continues. The theories of a pullback have only been half correct at this point. Traders would be looking at the $9000 and $10000 mark for a further bullish move. On the downside, Bitcoin is expected to find considerable support near $5000-$6400. However, it must break below $7000 first.
Also Read: Bitcoin [BTC] Price Analysis: Trapped in a Tight Range as Bulls Continue to Scatter
The price of Bitcoin [BTC] at 5: 30 hours UTC on 12th June 2019 is $7976.
BTC/USD 1-Day Chart on Coinbase (TradingView)
Litecoin [LTC] Leading Gains
The consolidation in Bitcoin has also renewed the altcoin traders spirits as their markets have held on to their gains as well.
Moreover, Litecoin [LTC] has been the leading gainers since the past week couple of weeks due to the halving speculation; it even broke above the ascending triangle on the daily this morning to record a high of $141. Litecoin has gained more than $25, with a percentage gain of 21% since the beginning of the week.
LTC/USD 1-Day Chart on Bitstamp (TradingView)
B.Biddles, a chart analyst noted on Twitter,
$LTC just broke out of this ascending channel. Breakout volume kinda weak tho. Sometimes the volume comes after the confirmation. Let’s see.
Ethereum [ETH] and Bitcoin Cash [BCH]
Ethereum [ETH] and Bitcoin [BCH] have struggled to break past their psychological levels at $250 and $400 respectively. The price of Ethereum at 5: 20 hours UTC on 12th June 2019 is $249. It is trading 1% higher on a daily scale.
ETH/USD 1-Day Chart on Bitstamp (TradingView)
Moreover, the increase in Litecoin [LTC] also negatively affects the price of Bitcoin Cash [BCH] due to their shared utility. The price of BCH at 5: 20 hours UTC on 12th June 2019 is $391.
Binance [BNB] Coin
Binance Coin [BNB] has been one of the most robust growing cryptocurrency since the beginning of the year. The most extensive Cryptocurrency Exchange, Binance back the cryptocurrency. Recently, Binance reasserted its authority as reportedly it moved about 3% of Bitcoin’s total market capitalization.
It broke above the $33 mark as it has continued to build support above $32.5. Mati Greenspan, Senior Market Analyst at eToro noted,
$32.50 playing an abnormally strong psychological role in Binance coin’s price action. 🤔
BNB/USD 1-Day Chart from Binance (TradingView)
XRP Broke Below $0.4
XRP which was looking towards a break-out above yearly highs at $0.47, has fallen below the support at $0.40. The Facebook Globalcoin announcement might have moved XRP hodlers as it potentially decreases the marketability of XRP in centralized payment space.
Also Read: Facebook Globalcoin’s Possible Effects on Bitcoin and the World Economy
The price of XRP at 5: 20 hours UTC on 12th June 2019 is 0.395. It is trading at par on a daily scale.
The total market capitalization of the cryptocurrency market added more than $6 billion since the last day; it is $256 billion at press time with Bitcoin’s dominance at 55.3%.
Will the altcoins continue to rise, or dominant Bitcoin [BTC] will continue to drive the prices? Please share your views with us.
The post Crypto-Market Update: Litecoin [LTC] Breaks $140; BNB, ETH Rises as Bitcoin [BTC] Rejects Bears appeared first on Coingape.
Source: coingape