Looking at the current Bitcoin price momentum, some cautious optimism appears to be warranted. Open interest on CME’s Bitcoin options seems to confirm as much, although no immediate push to $10,000 should be expected. Many people would like to see the value of Bitcoin hit five digits once again. Are Things Looking up for Bitcoin?...Read More
The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations. Bitcoin And Gold Failed In The 2020 Crisis? The sudden outbreak of the COVID-19 pandemic...Read More
Litecoin is poised for more gains after moving out from a four-weeks downward range. A break above 0.0050 BTC level would signal strength. The price is currently looking bullish across trading pairs. LTC/USD: Litecoin Aiming To Jump Above $48 Key Resistance Levels: $47.68, $50.7, $56 Key Support Levels: $44, $42, $39 LTC/USD. Source: TradingView For...Read More
XRP climbed by 3.5% today as it managed to reclaim the $0.2 level. The cryptocurrency is trading at the 100-days EMA resistance and remains within the descending triangle. Against Bitcoin, XRP is trading near 2-year-lows, but the buyers are attempting to push higher. Key Support & Resistance Levels XRP/USD: Support: $0.2, $0.192, $0.18. Resistance:$0.215, $0.225,...Read More
Fraudulent projects within the cryptocurrency field are occurring rather often, and the latest one comes in the form of Bitgrin (XBG), according to a recent report. It reads that the project creator has minted 5 billion tokens while advertising that the total supply is capped at 21 million. Bitgrin’s Creator Scammed Investors? Bitgrin launched as...Read More
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected by Law The third session of...Read More
In a recent move by FINMA, the InCore bank launched access to digital assets for the EU crypto market. InCore becomes the first Swiss business-to-business bank to get licensed to work with digital assets. InCore Bank Partners with Inacta AG The Swiss Financial Market Supervisory Authority – FINMA has authorized InCore bank to carry out...Read More
A well-known cryptocurrency wallet, ZebPay has now expanded its partnership with Chainlysis to India. ZebPay was using the Chainlysis software in Singapore which has now expanded to India. ZebPay and Chainlysis in India ZebPay which had withdrawn its services from India and shifted its base in Singapore, followed by the ban imposed by the RBI....Read More
JPMorgan strategist Nikolaos Panigirtzoglou claimed that Bitcoin is below its value. The report says that the largest cryptocurrency with market value is trading 25% below the price that should have been after halving. ?? JPM: Full Study on #Bitcoin Mining, Intrinsic Value and Open Interest.#BTC pic.twitter.com/n4PVjhR8iu— PiQ (@PriapusIQ) May 24, 2020 According to Panigirtzoglou, there...Read More
Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday. Bitcoin HODLers Mentality On The Rise During the notorious Black Thursday event in March, when...Read More
The price of ripple has been unstable for quite some time. Within the last week, XRP/USD was recovering the losses accrued during the previous BTC price flash crash. This brought the markets to a downswing. Finally, XRP caught some bullish signals and moved up the charts within the last 48 hours. The cryptocurrency broke through...Read More
Recently Goldman Sachs had laid its views on the Bitcoin calling them as non-assets. Many criticized the opinion but some of them like Prof Steve Hanke stood in support of the bank. He believes that the bank rather gave a reality check to the cryptocurrency market. Bitcoin is a Highly Speculative Asset – Prof Hanke...Read More
Coinbase Pro, the professional trading platform of leading American cryptocurrency exchange and wallet provider Coinbase, is adding support for Maker DAO’s token (MKR) again after a failed listing attempt in April 2019. MKR Trading Starts Tuesday, June 9 According to a Friday announcement, Coinbase Pro will start accepting MKR deposits from users on Monday, June...Read More
