Following the huge price dump last Wednesday, we saw Bitcoin trading in the tight range between $9550 and $9750 until a few hours ago, where the primary cryptocurrency had decided to fire some engines towards a critical resistance level. As of writing these lines, Bitcoin is testing the $9900 – $10,000 resistance. As mentioned in...Read More
Etheruem has seen a sharp 8% price fall over the past week, bringing the price for the coin down to $260. The cryptocurrency was unable to break resistance at $285, causing it to roll over and drop. ETH also declined against BTC after failing to overcome resistance at 0.0278 BTC. Key Support & Resistance Levels...Read More
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor. Hacker Gets Away With Reported $45 Million According to a Reddit post from February 22nd, which is now deleted, an investor, who...Read More
Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC). Japan Prepares For A Bank-Backed...Read More
Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network. Shopify To Cooperate With Libra Almost immediately after its announcement in mid-2019, Libra became a target of regulators across the...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly. Unregulated Cryptocurrency Bookmakers Pose A Threat Hong Kong Jockey Club is one of the oldest racing establishments...Read More
Bitcoin Bitcoin witnessed a turbulent week after dropping by a total of 5.5% to bring the cryptocurrency back beneath $10,000. During the sell-off, Bitcoin fell beneath the previous rising price channel but has managed to rebound at support at $9,552, provided by a short term .236 Fib Retracement. Looking ahead, if the buyers push higher,...Read More
Chainlink has seen a strong 52% price increase over the past fortnight as it reaches $4.29. The cryptocurrency was unable to overcome the 2019 high at $4.81, causing it to roll over and fall by around 10% this week. Against Bitcoin, LINK has been clocking fresh ATH’s as it reaches as high as 0.00049 BTC...Read More
The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine...Read More
Bitcoin, just like Bitcoin, is sometimes having wild moves that are unexpected. As we mentioned in our recent price analysis, the last week was very volatile and abnormal for BTC. After breaking the bullish uptrend, followed by 38.2% corrections, we started to witness the abnormal behavior: Bitcoin dropped down almost to $9400 before a pump...Read More
YouTube becomes an important video-sharing platform for the cryptocurrency community by the day. More and more people are starting to produce quality content, covering the field in its numerous aspects. If you’ve been following Bitcoin-related videos on YouTube, there’s a high chance that you’ve heard and stumbled upon MMCrypto’s channel. It’s among the fastest-growing channels...Read More
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services to crypto-related customers and firms despite such recommendations from the Central Bank of Isreal. Mandelblit is at the mass-media headlines these days because of another major reason – Israel’s Prime Minister Benjamin Netanyahu’s latest investigations....Read More
Brendan Blumer, the CEO of Block.one – the publisher of EOS, has said that Bitcoin isn’t money and that it never will be. However, he believes that it’s the “next generation of gold.” His tweets came as a response to Peter Schiff, who once again bashed Bitcoin. Bitcoin Is The “Next Generation Of Gold” Brendan...Read More
Since the new decade had started, Bitcoin is showing bullishness. The cryptocurrency started 2020 below $6800 and skyrocketed to $10,500 just days ago. However, Bitcoin gave us another reminder of its cruel volatility. After reaching almost $10,300 as of yesterday’s high, just as Europeans went to sleep, Bitcoin started its show. In a little more...Read More
XRP dropped by 7% over the past 24 hours to bring the price for the coin down to $0.273. The latest decrease is largely driven by Bitcoin dipping back beneath the $10,000 level. Against Bitcoin, XRP fell into support at the 100-days EMA as it battles to remain above. Key Support & Resistance Levels XRP/USD:Support:...Read More
Interest rates across the globe are going to zero, and it’s bullish for Bitcoin, according to Morgan Creek Capital Management Founder and CEO, Mark Yusko. He also noted that the recent price drop should not bother investors, and they should focus on purchasing more. Zero Interest Rates Good For Bitcoin Yusko recently spoke in a...Read More
Following Bitcoin’s relative stability around the $10,200 price mark, the cryptocurrency had suddenly crashed to $9,200 in a matter of just 50 minutes. This sudden crash comes a day after Bitcoin was making an impressive increase of $700, ranging from $9600 to almost $10,300. Today, shortly before 22:00 UTC, Bitcoin had lost almost $1,000 of...Read More
Tether, the company behind the most widely-used stablecoin, has minted over $60 million worth of USDT. It’s interesting to see if this will have any positive impact on Bitcoin’s price, given the fact that the infusion comes right after BTC surged upwards of $700 in 24 hours. 60,000,000 New USDT Minted Earlier today, the popular...Read More
Today, a news report from Reuters has mentioned, once again, that the blockchain industry continues to develop at an unprecedented speed, and that regulators need to get themselves caught up to speed, or risk behind left behind in the dust. In fact, the report suggests that many of the world’s Central Banks are becoming increasingly...Read More
Leading cryptocurrency exchange, Binance has suspended almost all of its services, including trading, withdrawal, and deposits, to conduct unscheduled system maintenance, according to an official announcement from the exchange. The message on Binance, as of writing these lines Binance Futures Not Affected As per the notice, the services that have been paused are “deposits, withdrawals,...Read More
Tezos remains the 10th largest cryptocurrency by market cap following its rally during the last few weeks. Triangle breakout signals a recent price increase for Tezos across trading pairs. Technical MACD is bullish as XTZ reclaims important resistances on the way up. XTZ/USD: Tezos Set For New Rally After Breaking Monthly High Key Resistance Levels:...Read More
The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience. Coinbase Becomes Visa Principal Member According to an official release, the San Francisco-based cryptocurrency exchange has managed to...Read More
The Irish High Court ordered an alleged drug dealer to forfeit $56 million worth of Bitcoin to the Criminal Assets Bureau (CAB). The decision came after the Court ruled that Clifton Collins purchased the digital asset with his drug profits. Over 5,500 BTC Forfeited A local news outlet reported earlier today that Clifton Collins from...Read More
Etheruem rebounded and increased by 5% over the past 24-hours to return into the 2020 high at $287. Over the past few days, ETH dropped into support at $237, where it bounced higher again. Against Bitcoin, ETH clocked a fresh 2020 high above 0.028 BTC. Key Support & Resistance Levels ETH/USD:Support: $250, $237, $222.Resistance:$287, $300,...Read More
A quick recap of the recent price action: Following a bloody weekend after rejecting from the $10500 resistance level, the current 2020 high, Bitcoin had dropped to its weekly low at $9467 (Bitstamp). This is not a coincidence, BTC had accurately reached our marked lower descending trend-line that follows Bitcoin’s price action since January 3rd,...Read More
The space of Decentralized Finance (DeFi) took a serious hit in the past week as decentralized lending protocol went through two subsequent attacks. The compromised funds amount to a little less than $1 million. The First Attack On bZx – February 14th The first attack happened on block 9484588, timestamped February 15th, according to the...Read More
As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008. Amongst dozens of other financial recommendations, the formal proposal also...Read More
More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases. $40 Million Worth of BTC To Be...Read More
