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Coinbase launches debit card, Charles Hoskinson on Breakermag and more

Ketaki Dixit

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Crypto News – 11 April

Cobra accuses Jack Dorsey’s Square Crypto of pandering to Bitcoiners: Cobra accused Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project is merely a way to bring in more users for Dorsey’s Cash App.

Read more on https://bit.ly/2IsoBvs

Ethereum [ETH] community raises concerns: Eric Conner, Founder of ETHHub and host of Into the Ether, brought this issue up on his social media handle. He said that this was “an easy ask,” and that a report carrying basic information with regard to the Foundation could be released quarterly.

Read more on https://bit.ly/2Z2cwCS

IMF’s Christine Lagarde says on cryptocurrencies: According to her, the role of the “disruptors” and anything using the distributed ledger technology, like cryptocurrencies is “clearly” shaking the system.

Read more on https://bit.ly/2Z5ng3y

Parties make contradictory statements after Bittrex denied BitLicense: The NYDFS released a detailed report about the reasons for rejecting the application, with Bittrex responding to the report soon after.

Read more on https://bit.ly/2UcAKqm



Bakkt introduces new Chief Product Officer: Blandina’s designation at Bakkt will be Chief Product Officer and would be helping the team solve their customers’ challenges and also create new opportunities.

Read more on https://bit.ly/2Z4utkf





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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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Bitcoin

Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

Akash Anand

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Bitcoin [BTC]: 'Don't buy BTC at the top, buy it right now', says CNBC's Brian Kellyq
Source: Pixabay

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.



The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.





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