On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels. Rumors earlier in the week regarding PayPal possibly adding support for Bitcoin and other cryptocurrencies on its platform, sparked a small rally but failed to fuel a much-needed breakout above a key resistance level...Read More
Ethereum moved sideways over the past 24 hours as the bulls battle for the $225 level. The cryptocurrency has been falling all week as it drops by 5% after failing to break $250 last week. Against Bitcoin, Ethereum is attempting to reclaim the 0.025 BTC level. Key Support & Resistance Levels ETH/USD:Support: $225, $215, $210.Resistance:...Read More
Lawyers operating in the US capital Washington DC can accept cryptocurrencies as a legal payment method, said the District of Columbia Bar Association (DCB). Consequently, DC has become the fourth US jurisdiction to allow digital assets to be used for attorney payments. Washington DC Lawyers To Accept Crypto According to the ethics opinion published by...Read More
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos blockchain. The company is working with teams at Nomadic Labs and Metastate to complete the integration via an amendment proposal to be done by 2021. zkChannels To Build On Tezos Originally called BOLT, zkChannels v1...Read More
A strategic partnership between the two companies is to begin soon. The internet-based conglomerate SBI Financial Services (a subsidiary of SBI Holdings, “SBI”) has made an agreement with B2C2 to acquire a $30 million minority stake at the firm as a first leap into future cooperation. First Steps In A Strategic Partnership According to a...Read More
Merely weeks after the launch of John McAfee’s privacy token GHOST, the coin is already seeing real-life utilization in Hong Kong Disneyland. The team behind the project also announced several upcoming features, including a “decentralized crowdfunding” platform and the release of the GHOST Cell Phone Service beta. GHOST Usage In Hong Kong The former antivirus...Read More
Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar. Bitcoin Goes Up...Read More
The tweet by Bitcoin Block Bot on June 27, 2020, reported a large-scale transaction, involving the movement of $933 million worth of bitcoin. Interestingly, the total transaction fee cost was 0.00005271 BTC, which is just meager $0.48. Whale alert! 🐋 Someone moved 101,857 BTC ($933M) in block 636,503 https://t.co/sy099uLVBV — Bitcoin Block Bot (@BtcBlockBot) June...Read More
The price slowly recovers after finding small support around $4.27. The daily decrease in volume shows that bears may be around the corner. LINK/USD: Trading Volume Is Fading Away Key Resistance Levels: $4.9, $5, $5.5 Key Support Levels: $4.27, $3.9, $3.5 LINK/USD. Source: TradingView Chainlink’s performance has been quite impressive during the second quarter of...Read More
The veteran decentralized betting platform Augur will launch the second version of its project on the Ethereum mainnet on July 28th, 2020. The current REP token will be renamed, and upon the launch of Augur v2, the company will introduce a new coin as well. Augur v2 Arrives In Late July As CryptoPotato reported in...Read More
XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175. A break beneath $0.175 would result in XRP unwinding toward the $0.15 level. Against Bitcoin, the disaster continues as it created fresh lows beneath 1950 SAT. Key Support & Resistance Levels XRP/USD:Support: $0.175, $0.171, $0.165.Resistance: $0.185, $0.192,...Read More
Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator. Wirecard AG’s Stock Price Roller-Coster The company’s drama...Read More
HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman. Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO...Read More
The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography. It was an international investigation on a dark-web case where people used cryptocurrency to pay for illegal content. Scheme Busted Through Cryptocurrency Payments According to a recent report, police in Spain had detected the alleged...Read More
The UK Financial Conduct Authority (FCA) has allowed Wirecard UK to resume payment services. Consequently, the companies handling cryptocurrency debit cards resumed their issuance. Wirecard UK Resumes Regulated Activity Following the missing $2.1 billion of company funds and Wirecard filing for insolvency, the UK FCA, which authorizes and supervises its subsidiary Wirecard Card Solutions, suspended...Read More
If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20...Read More
During the past two days, the Bitcoin price was trading under a tight range between $9000 and $9200. This untypical stability by Bitcoin is just showing how indecisive the primary cryptocurrency is. What is for sure is that a wild price move is likely to take place over the next few days. Following the Saturday’s...Read More
By examining a well-known technical component, the popular YouTuber The Moon believes that Bitcoin could be heading towards $6,000 in the next few months if it breaks the vital $8,500 level. Bitcoin And The Wyckoff Distribution Pattern The cryptocurrency analyst initially posted the chart on Twitter in which he has inserted BTC’s current position on...Read More
After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading. Sellers may resume pressure if the price fails to increase above the previous resistance. The trend is still looking bullish in the short-term despite the five-day selling. SNX/USD: It Maintains Lower High Lower High Pattern Key Resistance Levels: $1.83, $1.92, $1.964...Read More
The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday. Balancer Lost $500k In Pool Vulnerability DeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s...Read More
Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance. Trading COMP With 50x Leverage Starting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be...Read More
Ethereum saw a sharp 5.6% price fall this past week as it drops to $223. This has caused ETH to penetrate beneath a rising trend line that has been in play since mid-March 2020. Against Bitcoin, Ethereum failed to overcome 0.0253 BTC again and dropped to 0.0245 BTC. Key Support & Resistance Levels ETH/USD:Support: $215,...Read More
Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has...Read More
In an exciting showcase of the capabilities of Bitcoin’s network, someone has included a message in a specific BTC transaction, welcoming his newborn son to the world. Hello, Noah! In a rather interesting Reddit thread, a user of Bitcoin’s network demonstrated one of the more compelling use cases of its blockchain. “I immortalized the birth...Read More
Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to...Read More
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the...Read More
The popular Bitcoin margin trading exchange BitMEX is launching a new program tailored towards its corporate customers. Called BitMEX Corporate, it will provide them with enhanced legal, auditory, and client relationship benefits. BitMEX Flatters Its Corporate Customers In the announcement from earlier today, BitMEX describes the corporate accounts on its platform as “the part of...Read More
Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce. At the same time, famous gold-bug Peter Schiff believes its price could reach a new all-time high even before the end of the year, especially...Read More
Court documents reveal the self-proclaimed creator of Bitcoin, Craig Wright, may have subjected himself to a suicide attempt in May 2016. That’s according to the deposition of Bitcoin developer Gavin Andresen, who recounted the story during the ongoing trial between Craig Wright and the estate of Dave Kleiman. Context: Craig Wright’s Failed Attempt to Move...Read More
Compound (COMP) could be nearing a local price top, soon after the Ethereum-based decentralized finance (DeFi) token recorded a 258% growth in ten days. And while “yield farming” has driven much of that growth, the Compound community has passed through a development proposal that would see incentives taken away from would-farmers. Local COMP Top Incoming?...Read More
