The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

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The Royal Bank of Canada to Launch Its Cryptocurrency Exchange
The Royal Bank of Canada (RBC), the country’s biggest bank with over $900 billion in total assets, is reportedly looking to launch its own crypto exchange.
The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

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Source: CoinSpeaker

Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

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Can BLOCKTV Transform Content Monetization Models with the BLTV Token?
BLOCKTV has come up with a new monetization solution. It’s created a token, called BLTV, which will soon be listed for trading on Bittrex. 
Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

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Source: CoinSpeaker

List of Crypto All-Time High Prices Shows How Far Market Must Recover

Bitcoin may be once again ready for a bull run, but the rest of the crypto space has a lot of catching up to do in order to return to peak prices set years ago.
A list circulating social media depicts the most popular cryptocurrencies then and now, and shows just how far the entire crypto market needs to recover in order to return to those prices, and potentially beat them.
Two Years Later: The Crypto Market Is Still 80% Or More Down From All-Time High
In 2017, cryptocurrencies and Bitcoin went from a completely unheard of technology for mainstream common-folk, to the talk of the town.
The allure of rags to riches stories and ballooning asset prices drew in a massive influx of retail investors with little to no previous investment experience, and the end result was them getting stuck holding extremely heavy bags, as early adopters sold off the assets at all-time high prices.
Related Reading | Published Author and Altcoin Trader Highlights 5 Crypto Set to Outshine Bitcoin 
Many of the top ten cryptocurrencies by market cap have completely fallen out of favor since, and are down anywhere between 94% to as much as 100% from their all-time high prices. Even the current top ten, comprised of actual crypto assets with real utility, are down anywhere from 82 to 92%, with only one rare altcoin outperforming Bitcoin, which itself is still down 54% from its previous all-time high of $20,000.

ATH vs Current Price pic.twitter.com/r7ufra0vtg
— Mario Lemieux (@MarioLemieux99) November 11, 2019

According to the list, Binance Coin tops the entire market in terms of performance, down only 48% from the asset’s all-time high. Bitcoin is right behind it, at 54%. At one point, Bitcoin had reclaimed even more lost ground, but a rejection around $14,000 sent the first-ever cryptocurrency back into a downtrend, and it is still struggling to return to the bull run it appeared to be kicking off earlier this year.
Altcoins, however, haven’t fared as well as Bitcoin, with the majority of the alternative crypto assets still down anywhere 80% or higher from their all-time highs.
The second place-crypto by market cap, Ethereum, which topped out at over $1,400 is still down 87%, while the number three crypto-asset, XRP, remains down 92%. Bitcoin Cash, the hard fork that was introduced at the height of the crypto hype bubble, is also down 92%.
Litecoin, which experienced a halving this past year, saw much stronger gains leading up to the event, but a post halving sell-off has taken the asset’s price back to as much as 82% down from its all-time high.
EOS, which wasn’t introduced to the market until after the bubble began to pop, remains down 84%. Stellar and Tron both faired similarly, down a respective 91 and 92% from their former all-time high.
The altcoins that formerly made up the top ten cryptocurrencies by market cap back at the bubble peak, have struggled even harder to return to mean. These assets, such as IOTA, Dash, NEO, and Dash, are all down anywhere from 94 to 96%. Verge and XEM are down 98% and 99%, and BitConnect, a proven scam, has resulted in a total loss.
Related Reading | Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81% 
The math is even more damning, as not only is Verge, for example, down 99% from its all-time high, it would require an over 6450% gain to break above its all-time high, suggesting that many investors still holding these heavy bags, may be stuck at a loss forever.
The example also shows that while investing in the crypto market top ten is typically the wisest and least risky of choices, even that doesn’t mean an asset won’t fall out of favor completely and end up down 99% from its highest possible price.
The post List of Crypto All-Time High Prices Shows How Far Market Must Recover appeared first on NewsBTC.
Source: New feedNewsBTC.com

Tether Announces Support for McCormack against Craig Wright Libel Suit

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Tether Announces Support for McCormack against Craig Wright Libel Suit
Tether has announced that it will fully support Peter McCormack in defending a libel suit brought by self-proclaimed Satoshi, Craig Wright.
Tether Announces Support for McCormack against Craig Wright Libel Suit

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Source: CoinSpeaker

Singapore’s MAS Collaborates with JP Morgan for Blockchain-Based Multi-Currency Payments

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Singapore’s MAS Collaborates with JP Morgan for Blockchain-Based Multi-Currency Payments
Under its Project Ubon, the Monetary Authority of Singapore is working on ways to bring seamless multi-currency payments on a blockchain network.
Singapore’s MAS Collaborates with JP Morgan for Blockchain-Based Multi-Currency Payments

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Source: CoinSpeaker

Bullish Sentiment Returns as Weekend Rally Adds $10 Billion to Crypto Markets

Just as things were starting to look bearish again and momentum was running thin a weekend rally has set the crypto bulls in motion once again. Positive sentiment has returned to the scene as talk of a ‘Santa rally’ gets bandied about and Bitcoin reclaims $9,000.
Crypto Bulls Back?
Following a Friday dump, Bitcoin spent most of the weekend lulling around the $8,800 level. Bearish sentiment started to creep in with analysts eyeing a further drop to $8,600 or lower. In late trading on Sunday things turned bullish as BTC powered back above $9k.
The single hourly candle tapped $9,150 on the 200 hour moving average before a slight pull back to $9,050. The 3% move has kept Bitcoin within its range bound channel again as analysts eye new triangle formations.

New triangle. $BTC #bitcoin $BTCUSD pic.twitter.com/5nLpqpkoVp
— CryptoHamster (@CryptoHamsterIO) November 11, 2019

There may be a few more days of consolidation before the apex of this triangle which is likely to induce a larger move.
Trader and analyst ‘The Cryptomist’ has depicted a falling wedge but is bearish in the longer term with a prediction of a low to $7k.
 “Mentioned warning of the falling wedge earlier. We are now testing resistance of the wedge … After this bull momentum is over, I do expect 7.1k still,”

$Btc
Mentioned warning of the falling wedge earlierWe are now testing resistance of the wedge
If we breakout here, 9.2 region remains first target, then 9.4k
Still chance of support test before breakout at 8.3k region
After this bull momentum is over, I do expect 7.1k still pic.twitter.com/RioawGMuyR
— The Cryptomist (@TheCryptomist) November 10, 2019

Industry stalwarts remain bullish however and even with short term bear attacks, BTC is set top post higher gains in the future. Morgan Creek Digital co-founder Anthony Pompliano was quick to point out Bitcoin returns this year;
“Bitcoin YTD: 145%
S&P 500 YTD: 23%
Bitcoin has returned 6x more than stocks to investors so far this year.”
Altcoins Still Moving
Altcoins are slowly strengthening also with more gains today. Since late Friday almost $10 billion has re-entered crypto markets as total cap hits $247 billion.
Total market cap 48 hours – Coinmarketcap.com
Ethereum is slowly creeping towards the $200 barrier and has gained 3% on the day to reach and hold $190. ETH market cap is back over $20 billion and further gains are looking likely as analysts remain bullish.
Ripple’s XRP token is getting left behind however and remains flat on the day just over $0.28. Last week’s Swell even did nothing for XRP prices which actually declined by almost 10%.
Bitcoin Cash is having a good run at the moment as a 4% gain takes prices to $295 while Litecoin is creeping up towards $65. Binance Coin is back over $20 again and BSV has added 3.5% to reach $135.
A couple of lower cap altcoins are having double digit gains at the moment and they include VeChain, DxChain and ODEM. In general there is much more green than red on the charts this morning as crypto assets build on last week’s gains.
Sentiment is generally bullish but the larger picture still shows consolidation from a downtrend that began in July. The question now is; will there be a big Santa rally for crypto assets.
Image from Shutterstock
The post Bullish Sentiment Returns as Weekend Rally Adds $10 Billion to Crypto Markets appeared first on NewsBTC.
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Ethereum's 120-day pattern breached: Longs to be ecstatic soon

World Computer aka Ethereum’s rapid descent in price seems to be slowing down as it has been consolidating for over two months now. The price of ETH hovers at $184 with a market cap of $20 billion makThe post Ethereum’s 120-day pattern breached: Longs to be ecstatic soon appeared first on AMBCrypto.
Source: AMB Crypto

Constant’s Customized P2P Lending Terms and Rates Fuel Platform’s Impressive Growth

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Constant’s Customized P2P Lending Terms and Rates Fuel Platform’s Impressive Growth
The increasing competition among borrowing/lending platforms, stablecoins, derivatives, and cross-chain CDPs indicates a new era in fintech innovation.
Constant’s Customized P2P Lending Terms and Rates Fuel Platform’s Impressive Growth

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Source: CoinSpeaker

CoinField’s CEO Explains the Timeline for Trading Stocks and ETFs on Sologenic Platform

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CoinField’s CEO Explains the Timeline for Trading Stocks and ETFs on Sologenic Platform
The Sologenic platform that was introduced by CoinField will merge traditional financial markets and crypto on the XRP Ledger.
CoinField’s CEO Explains the Timeline for Trading Stocks and ETFs on Sologenic Platform

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Source: CoinSpeaker