ADA is now trading above 2019’s high following a 58% growth in 7 days. The price is now approaching the 1500 SAT level with strong bullish momentum. ADA/USD: Cardano Surges 28% After Crossing $0.1 Key Resistance Levels: $0.16, $0.2 Key Support Levels: $0.11, $0.094 ADA/USD. Source: TradingView The second half of the year is again...Read More
A few hours back, Indian IT heavyweight, Tata Consultancy Services, announced the launch of Quartz™ Smart Solution for Crypto Services. The offering will help banks and other financial institutions provide ‘secure and seamless’ crypto trading facilities to their clientele. IT Giant TCS is Spearheading Crypto Adoption As per the official press release, Tata Consultancy Services’...Read More
Numerous alternative coins are booming during the past 24 hours, while Bitcoin remains stable. Consequently, this has raised the question of whether or not the cryptocurrency market is entering another altcoin season. Altcoins Pumping The majority of the market is well in the green today, with some impressive gains from altcoins. Yet, none has increased...Read More
In less than a couple of days, the price for one of the most popular altcoins, Dogecoin, pumped over 100%. There has been a common perception in the cryptocurrency community that huge moves in DOGE usually mean that an altcoin season is around the corner. Still, the team behind Dogecoin warned people through their official...Read More
The government of South Korea is considering a local hemp regulatory-free trade zone and is looking to manage the production of hemp by employing blockchain technology. Tracking Hemp Production With Blockchain According to a report by Newspim on Tuesday (July 7, 2020), the Andong region in the Gyeongbuk Province became a ‘Special Industrial Hemp Free...Read More
Kenya’s local cryptocurrencies are helping communities survive the coronavirus crisis. One example is the recently-launched Sarafu, which is used alongside the Kenyan Shilling to make payments locally. Crypto Industry is Not Only About Speculation The cryptocurrency market is normally discussed from the perspective of investment opportunities. However, many coins and tokens have a real utility...Read More
Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners. Germ Behind Bubonic Plague Killed a Third of Europe’s Population Bayan Nur’s health committee issued a...Read More
The leading cryptocurrency exchange Binance officially announced the acquisition of the Visa debit card platform Swipe. Binance has also listed Swipe’s native cryptocurrency (SXP), which registered a massive price boost of 21%. Binance Buys Swipe Following days of speculation, the popular exchange officially announced the acquisition earlier today for an “undisclosed amount.” Binance and Swipe...Read More
Ethereum saw a 1% price hike over the past 24 hours as the coin reached $240. The cryptocurrency rebounded from the strong support at $225 as it edges toward $250. Against Bitcoin, Ethereum finally managed to break the strong resistance at 0.0253 BTC. Key Support & Resistance Levels ETH/USD:Support: $225, $215, $210.Resistance: $245, $250, $265.ETH/BTC:Support:...Read More
The price broke a crucial resistance line after seeing a month-long downward correction to around $0.002274. After gaining 20% in less than 24-hours, DOGE is currently trading at $0.027. DOGE/USD: Pulling Back After Insane Rally Key Resistance Levels: $0.0029, $0.0030, $0.0035 Key Support Levels: $0.00269, $0.00259, $0.0025 DOGE/USD. Source: TradingView The latest surge in the...Read More
The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance. According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a...Read More
Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000. Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well. Saut: The S&P 500 Above 4,000 Within A...Read More
The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2% Crypto Market Goes Up Although Bitcoin...Read More
The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a...Read More
According to Charles Edwards, founder of crypto asset management firm, Capriole Investments, Bitcoin’s Energy value hit an all-time high. That’s not all. The cryptocurrency’s mining hash rate also posted fresh highs yesterday. Will Bitcoin (BTC) price follow next? Bitcoin’s ‘Intrinsic Value’ Is On the Way Up As per a tweet posted by Mr. Edwards, Bitcoin’s...Read More
Three blockchain projects have teamed up to develop a Decentralized Finance (DeFi) savings project that allows investors to earn high-interest yields on stablecoin deposits, according to a Monday release. Anchor Savings Protocol Dubbed Anchor, the savings protocol is a joint venture between interoperable, scalable blockchain network Cosmos, decentralized web 3.0 blockchain interoperability network Polkadot, and...Read More
Brazil’s CVM Says no to Binance Futures Trading: In a statement released on Monday, the Comissão de Valores Mobiliários (CVM) — Brazil’s securities regulator — announced the ban on Binance crypto derivatives trading in the country. According to the CVM, Binance is not authorized to offer securities trading in Brazil. For the CVM, crypto derivatives constitute...Read More
Kraken’s London-based subsidiary, Crypto Facilities, has reportedly become the first firm to get a trading license from the UK regulator, the Financial Conduct Authority (FCA). Kraken’s Crypto Facilities Becomes First in Europe With Trading License According to Financial News on Monday (July 6, 2020), the Multilateral Trading Facility (MTF) license will enable the crypto futures...Read More
The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin. Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin Keys Nigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business...Read More
A close above the critical level of $9,300 on today’s daily candle would put the primary cryptocurrency in an excellent position for another retest of the main psychological barrier at $10,000 (but hey, there is some resistance in between!). There is likely to be a lot of intense selling pressure at this point, however, as...Read More
Pascal Boyart, an artist from France who became popular in the cryptocurrency community through his paintings, has finished yet another mural. This one depicts the famous Red Jester but with a twist to reflect the current problems that riddle the global economy. “Contemplation of the Red Jester” The Bitcoin community’s favorite artist, Pascal Boyart, took...Read More
XRP saw a sharp 6% price rise over the past 24 hours to bring it to $0.186. Before this, XRP was trading sideways along with the support at $0.175. Against Bitcoin, XRP rebounded from 1900 SAT to reach 2000 SAT. Key Support & Resistance Levels XRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.195, $0.20, $0.21.XRP/BTC:Support: 1950 SAT, 1900...Read More
Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar. News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets. Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the...Read More
The price jumped to $0.0178, following a 6% growth over the last 24-hours. Against Bitcoin, TRX broke out and slowly gained momentum after staying bearish for five months. TRX/USD: Tron Charges Back At March’s Resistance Key Resistance Levels: $0.0186, $0.0215, $0.023 Key Support Levels: $0.0168, $0.0149, $0.014 TRX/USD. Source: TradingView After establishing a three-weeks low...Read More
The popular cryptocurrency data analytics and trade execution service skew outlined an exciting comparison between current realized volatility levels and those before the crash to $3,200 back in November 2018. Bitcoin’s 10-Day Realized volatility at 20% According to information from skew, Bitcoin’s 10-day realized volatility is currently sitting at 20% – a figure that’s historically...Read More
A number of Chinese courts have reportedly used a designated blockchain-based technology to secure and monitor sealed properties. The so-called electronic door seals are now up for a trial in some of the country’s legal institutions, allowing surveillance, based on the novel technology. Electronic Seals To Keep Properties Safe A recent report announced that the...Read More
Bitcoin was trading in a tight range over the past range, but the last few hours were marked with notable volatility. The price tumbled to $8,893 on Binance, but it bounced back to $9,240, charting gains of about $350. This happened as futures for legacy market indices and stocks are also trading in the green...Read More
Development updates from the Litecoin camp have been pretty thin on the ground recently as DeFi has been taking the crypto limelight. The good news is that the project’s scaling and privacy protocol, Mimblewimble, is still on track. Lead developer David Burkett recently posted the project’s June progress update, which confirmed that it is still...Read More
Another popular figure in the cryptocurrency field has decided to take his chances with the 2020 US Presidential Elections. According to a press release, Pierce will be running as an Independent candidate for the elections that are to take place on November 3rd this year. Brock Pierce’s Presidential Race In a somewhat interesting turn of...Read More
VET saw a massive price surge over the past 24 hours as the cryptocurrency reached $0.0168. The coin has been on a rampage this week after exploding by a total of 65%. Against Bitcoin, VET created a fresh 19-month high as it reached the 180 SAT level. Key Support & Resistance Levels VET/USD:Support: $0.0136, $0.011,...Read More
