Although XRP seems to be heavily undercapitalized, Ripple keeps its business policies on course, and the sales of massive chunks of XRP continue despite the rage of some hodlers. Just a few hours ago, Ripple released 500M more XRP out of escrow. The transaction took place on 03 Sep 2019 04:45:10 UTC and is part...Read More
Bitcoin bull Anthony Pompliano wants Satoshi Nakamoto to win the Nobel Peace Prize, but other crypto fans aren’t sure that’s a good idea. | Source: Shutterstock Whoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize. The recommendation came from Anthony “Pomp” Pompliano, a...Read More
Oil-rich economies of the Middle East and North Africa are looking for ways to diversify, and the Jibrel Network (JNT) is leveraging blockchain technology to make it happen. Private financing has a new avenue for building wealth, according to the development company, with “young and tech-savvy entrepreneurs” in the region moving into new industries and...Read More
Tuesday morning brought a holiday hangover to the stock market, with significant losses to start the shortened week on Wall Street. Concerns about new tariffs that took effect over the weekend continue to hurt sentiment, and fears about past seasonal trends that have included substantial sell-offs in the months of September and October aren’t helping...Read More
This week was calm in terms of trading until Bitcoin skyrocketed in the last day and boosted the overall market confidence along with the price. One of the reasons for the increase is probably related to the Bakkt’s trading platform that will launch in the coming days. The picture shows the flow of money into...Read More
Since the end of June, Ethereum’s price has been progressively declining as the bulls have failed to pick up pace after their 3-month run. ETH’s valuation dipped below the support of 239.43 and at press time, it was acting as a major resistance. Over the past week, the valuation witnessed another slump down to $163.9,...Read More
Litecoin price on Tuesday is trading in positive territory by 3.80% in the second half of the session. LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70. The bulls are retesting a breached pennant structure, which at present continues to contain the price. Spot rate: ...Read More
China’s link with cryptocurrency is not only limited to government initiatives but also the local users that still dominate the Bitcoin mining landscape. Primitive Ventures’ Dovey Wan, who also holds deep understanding of China’s financial market, recently claimed the aforementioned reason as the primary factor for China’s sizable local crypto supply. She also added, “Probably...Read More
Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan in the latest quarter, according to Japan’s financial regulator, the FSA. | Source: Shutterstock Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan, according to the country’s financial regulator. In data posted Sept. 3, the Financial Services Agency (FSA) says the volume of crypto-related inquiries fell...Read More
Bitcoin has bounced back above the $10,000 level, gaining over $700 since Sunday. Here are three of the main drivers for why the dominant cryptocurrency is rallying right now. Binance & Bitfinex Announce Bitcoin Derivatives While Bitcoin started as a decentralized digital currency meant for peer-to-peer transactions, crypto exchanges reshaped the coin’s flow by handling...Read More
Bitcoin Returning to the resistance levels at around $10,500 brings little confidence in the market, but as long as the price hasn’t broken the market trend line, the fear is that this movement is a trap. The resistance of the falling trend is at around $11,000, but the resistance that will change the pattern of...Read More
Crypto markets are back with a vengeance. Following a lukewarm Monday start, BTC jumped 6% in a single four-hour period. The rest of the market followed Bitcoin into the green, though altcoins are showing smaller gains – resulting in fresh highs for Bitcoin dominance. Cryptocurrency market dynamics since September 2. Source: Coin360 The rise has...Read More
Bitcoin bounced right off of the key triangle support on all time-frames at $9,350 on the 30th of August causing bullish divergence to play out. Since then price levels have pumped to $10,700 as price levels near a key breakout point. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see where...Read More
Chinese crypto exchange Huobi plans to launch its blockchain-powered smartphone Acute Angle in Southeast Asia next week. Official launch is coming next week Huobi’s new blockchain phone was already available to some users in China, but the actual launch is scheduled for next week as part of the sixth Huobi Prime launch, according to a...Read More
PwC Luxembourg will accept your bitcoin for services rendered. | Source: Shutterstock The Luxembourg unit of the Big Four accounting firm PricewaterhouseCoopers has announced that its clients will be able to pay for services in Bitcoin a month from now. In a press release, PwC Luxembourg indicated that it will begin accepting Bitcoin payments from...Read More
The current payment infrastructure surrounding retail stores prevents them from tapping into potentially substantial businesses from the cryptocurrency community. Eligma is an one of the growing exceptions, with the firm raising over €4 million ($4.4 million USD) in investments from Bitcoin.com and Pangea Blockchain Fund. Eligma plans to bridge this gap using Elipay – an...Read More
Trying to time the stock market? New research suggests you need to start paying even more attention to President Trump’s Twitter feed. | Source: Shutterstock There’s no doubt that President Donald Trump loves watching the stock market go up. After all, he has bragged at least 60 times about how the Dow Jones Industrial Average...Read More
Bitcoin has had a fantastic start to the new trading week and is now trading above its monthly pivot point, around the $10,650 level. More impressive still is that the Bitcoin price has completely eroded all of the losses from the bearish drop on August 28th, and is now holding above the technically important $10,280...Read More
Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor. A few months ago, Facebook revealed plans for its own cryptocurrency called the Libra, and also announced the Libra Association....Read More
The Netherlands’ central bank, De Nederlandsche Bank (DNB), a member of the European System of Central Banks (ESCB), has announced plans to start regulating bitcoin-linked businesses from January 10, 2020, according to a Reuters report on September 3, 2019. Dutch Authorities to Regulate Cryptos Per sources close to the matter, the central bank of the...Read More
Bitcoin will never supplant the US dollar, believes Joe Weisenthal of Bloomberg Markets.The chief editor today invited bitcoin evangelists to fight his belief as the cryptocurrency soared towards the $10,500 valuation. He shared excerpts from their Bloomberg newsletter, which showed an unnamed author discussing how bitcoin supporters project it as a solution to almost everything,...Read More
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how absurd...Read More
Bitcoin price crossed the $10,000 mark almost 20 times in the past two months – but some analysts are hopeful that this week may have been the last time we see BTC under five figures. Bitcoin Flip-flops Over $10K Again Discussing data tracking BTC/USD since the start of July, the analytics entity known as Skew...Read More
Investment firms Van Eck and SolidX, two firms which proposed a Bitcoin ETF which did not receive SEC authorization, have decided to sell shares of the said financial product but while still being within SEC guidelines. According to The Wall Street Journal, the two companies’ alternate solution involves selling shares in a limited version of...Read More
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have...Read More
Bitcoin Futures have faced unusual hurdles from the US authorities. There are ways around this but these ways are often limited and high risk. However, Vaneck Securities and Solidx seem to have found the solution. Due to the many regulatory hurdles that the United States Security and Exchange Commission (SEC) has placed on the implementation...Read More
In spite of its many controversies, Tether (USDT) still remains one of the best-traded cryptos in the world, with its market cap reaching its all-time high at $4 billion dollars. Tether has seen some rapid growths in terms of market cap, which has doubled since January and placed the coin in 6th position. But what...Read More
Tuesday’s bitcoin price surge launched BTC as high as $10,750 on Bitstamp, decimating $68 million worth of shorts in the process. | Source: Shutterstock Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most...Read More
Binance is having a year to remember with major announcements every few months delivering more and more options to the end-user. Its own cryptocurrency BNB entered a notable uptrend at the beginning of the year with outstanding growth. For the first four months, Binance Coin saw an increase of around 300%. The parabolic movement didn’t...Read More
