Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years. Land Rover Acknowledges Bitcoin Headquartered in...Read More
According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer. The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in...Read More
The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days. Bitcoin Price Below $9,400 As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for...Read More
According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading. Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added. BTC HODLers On The Rise The cryptocurrency monitoring company Chainalysis recently...Read More
The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase. Compound TVL Crosses $400M TVL Milestone With the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project...Read More
The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to...Read More
After a slight weekly rebound, VET resumed selling pressure with 4% losses over the last 24-hours. A slip beneath the monthly low could cause more troubles for the 28th ranked crypto by market cap. The market is currently looking bearish on the hourly time frame. VET/USD: VeChain Trades At Crucial Support Line Key Resistance Levels:...Read More
Bitcoin Bitcoin saw a period of sideways movement over the past week as it dropped by a small 0.5%. The cryptocurrency has pretty much traded between $9,600 and $9,200 over the past seven days as it remains above the rising trend line support. So long as BTC can continue above this rising trend line, the...Read More
Debit card provider and payment processor Wirecard AG, whose subsidiary issues visa debit cards for both Crypto.com and TenX, has failed to locate over $2 billion of lost assets. The company’s stock prices continue plunging after the two banks supposedly holding the massive amount denied any business relationship with the German payments processor. Wirecard AG...Read More
According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions. Bitcoin’s PM Indicator Drops To 0.5 The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in...Read More
Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently highlighted the importance of anti-addiction notices when trading high-risk products such as options. This comes days after a 20-year old tragically took his life after seeing a $730,000 negative balance on the popular retail trading app Robinhood. A Tragic Story On June 12th,...Read More
Over the past days, Bitcoin price was mainly trading around the $9400 mark, following the MA-50 pink line of both the attached 4-hour chart and the daily. This dull sideways action had started a week ago, and despite a little glitch below $9200, we can say that the trading range had been $9200 – $9500,...Read More
The positive price performance of Elrond (ERD) in 2020 continues as the altcoin project announced new partnerships with major players in the global travel industry. Flight Payments with ERD on 600 Airlines Elrond Network CEO Beniamin Mincu announced the news of the project’s partnership with Travala and TravelbyBit – two prominent online travel agencies, via...Read More
Cardano is performing relatively well following a sharp bounce from $0.0637 The bounce was followed by a break out from a two weeks resistance line ADA/USD: Cardano’s Price Rejects Near $0.085 Key Resistance Levels: $0.0846, $0.088, $0.0917 Key Support Levels: $0.074, $0.0688, $0.0631 ADA/USD. Source: TradingView Cardano recently broke out from a two-week downtrend to...Read More
Tezos found a bottom around $2.45 after a steady two weeks decline. The overall market is starting to recover the loss with about 0.8%. Against Bitcoin, the price dropped back after a sharp rejection at 28000 SAT level, although it may resume buying short. XTZ/USD: Tezos Is Primed For Recovery Key Resistance Levels: $2.68, $2.71,...Read More
Ethereum dropped by a small 1% over the past 24 hours as it fell to $232. The cryptocurrency is still trading above a rising trend line that has been in play since mid-March 2020. Against Bitcoin, Ethereum found support at 0.0243 BTC as it looks to tackle 0.025 BTC again. Key Support & Resistance Levels...Read More
The host of the Protocol Podcast, Eric Savics, became a Twitter sensation overnight as he posted a video explaining how he lost his 12 BTC. Supposedly, these were his savings that he hoped he’d be able to buy an apartment with and he’s been putting the money aside for the past seven years. Now, however,...Read More
President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton. Trump Against Bitcoin President Trump has not been supportive of any cryptocurrency as he pointed out himself...Read More
Well-known cryptocurrency exchange Crypto.com announced the introduction of several upgrades to its platform. By utilizing them, the company believes that it could experience a 10x increase in website performance. Crypto.com Upgrades Its Platform In the press release shared with CryptoPotato, the company explained the infrastructure updates, including revamped Matching Engine and Order Management System (OMS)....Read More
A local report indicates that South Korea’s Minister of Finance and Economy believes that the country should impose a tax on cryptocurrency trading and investing. He added that South Korea has been discussing with other countries the introduction of a new digital law. South Korea To Impose Tax On Crypto? The Asian country has been...Read More
XRP saw a 2.7% price increase today as it attempts to reclaim $0.2. The cryptocurrency remains within the confines of a descending triangle formation. Against Bitcoin, XRP rebounded from the support at 2022 SAT to reach the current 2074 SAT level. Key Support & Resistance Levels XRP/USD: Support: $0.192, $0.187, $0.18. Resistance: $0.20, $0.207, $0.22...Read More
Bitcoin recorded its lowest interest level in 3 months, according to recent data from Google Trends. Interest in the leading cryptocurrency started fading away since the completion of Bitcoin’s third halving. Interest In Bitcoin Lowest Since March Bitcoin started receiving a lot of attention in January when news about the COVID-19 got to the mainstream....Read More
CRO found support around $0.1, but it is still shaky to provide a strong rebound. It is now ranked 11th by market cap, following 260% growth in three months. Against Bitcoin, CRO buyers appear exhausted after five weeks of parabolic movements. CRO/USD: CRO Exhausting Bullish Momentum Key Resistance Levels: $0.1165, $0.1176, $0.1193 Key Support Levels:...Read More
Just recently, the world’s leading cryptocurrency exchange, Binance, ventured into mining, launching its Binance Pool. Now, data has it that it’s become the leading miner of Bitcoin SV. Interestingly enough, the exchange delisted BSV back in 2019, following the massive controversy surrounding the popular BSV proponent – Craig Wright. Binance Leads in Bitcoin SV Mining...Read More
The non-custodial, decentralized exchange, Loopring, has listed pBTC – a token that acts as a fully-backed Bitcoin equivalent on the Ethereum blockchain. The addition of pBTC to Loopring – the fastest decentralized exchange (DEX) based on Ethereum – gives Bitcoin users a quick on-ramp to Ethereum’s decentralized finance (DeFi) ecosystem. Loopring Lists pBTC Provable Things...Read More
Grayscale Investments asserted that amid the current economic uncertainty prompted by the latest governments’ actions to print lots of money, institutional investors turn to Bitcoin and other cryptocurrencies looking for a potential hedge against inflation. BTC And Crypto To Serve As Hedge One of the world’s leading digital asset management companies recently posted on Twitter...Read More
Ethereum increased by 4% over the past 24 hours as it now trades at $233. The cryptocurrency spiked lower yesterday as it broke beneath a rising trend line, but the buyers quickly regrouped to push ETH above it before the close. Against Bitcoin, Ethereum fell into the support at 0.00243 BTC and rebounded from there....Read More
Ren, the open-source protocol enabling permissionless and private transfers of value between any blockchain, launched its mainnet and a dApp utilizing it within a few weeks. Interestingly, the protocol’s native cryptocurrency REN has gained more than 40% of value in the same period. Ren Launches RenVM Mainnet The blockchain-based company announced the release of its...Read More
Chainlink broke down from a channel after reaching $4.9 during a three-month rally. Against Bitcoin, it started to form a symmetrical triangle pattern after recording a yearly high at 56739 SAT in March. LINK regained momentum with an 8% surge overnight. LINK/USD: Chainlink Dropped Off Short-Term Channel Key Resistance Levels: $4.25, $4.5, $5 Key Support...Read More
Arthur Hayes, the CEO of one of the leading Bitcoin derivative exchanges, BitMEX, has once again slammed a cryptocurrency for being a “shitcoin.” This time it was Bitcoin Cash (BCH) that’s under his radar. BitMEX Listing BCH/USD Perpetual Contract In an announcement from June 01st, 2020, BitMEX revealed that it’s going to launch a BCH/USD...Read More
