Cryptocurrency Market into Action - Whether Upward or Downward

Cryptocurrency enthusiasts havebeen having a great year so far, with all the ups and downs in thecryptocurrency market. The potentialexpectation out of the cryptocurrency market is increasing.

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The different cryptocurrencyconferences held across the world bring in the various constituents of thecryptocurrency market to the table. Whether the developers, investors, or reporters are contributing toeffective events in the industry.

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The Vegas Blockchain Week set tohappen from October 29 through October 31 is a not to miss conferences forenthusiasts. The San FranciscoBlockchain week is all set to occur from October 28 through November 4.

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Between November 14 and November15, the BlockShow is scheduled to happen in Asia. The Fintech World Forum is all set to occurin London between November 18 and November 19. So, the cryptocurrencyconferences for this year are not over yet. Those who love discussions would want to ignite up their time, making itto these conferences.

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KuCoin, Cryptocurrency Exchange,will soon be launching margin trading for its investors. The service will be live from October 31,2019. There will be a 20% discount atthe time of the launch. Margin tradingis popular among swing traders who improve on their gains when there are marketswings. However, on the downside, the losses can be amplified if things do notwork well.

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China is all set to enforce its new cryptography law.Β  An official report published read thus:Β  β€œThe cryptography [law] is aimed at standardizing the application and management of passwords, promoting the development of the password business, ensuring network and information security, and improving the scientific, standardized, and legalized level of password management.”

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While cryptocurrency continues tobe under the ban in China, the Country seems to project a positive stancetowards the blockchain technology. TheCountry has recently announced that they will be launching a government-backedcryptocurrency during November.

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While all this was happening, the price of the Bitcoin went up over 40% in response to news from China that supported the cryptocurrency.

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The search volume for blockchainhas reportedly increased to 1,200% on We Chat following the recent announcementabout the Chinese Cryptocurrency laws.

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Chinese President, Xi Jinping,has made the days following his announcement an eventful one for theinvestors. The term"blockchain" was searched for nearly 800,000 times, and there werenear 600,000 reported searches for the Bitcoin. Being the second-largesteconomy in the world in terms of GDP, any news from the Country will set thecryptocurrency market into action, whether upward or downward.

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