XRP dropped by a total of 8% over the past week as the coin fell to the $0.183 level. This weekly price decrease has caused XRP to plunge beneath the descending triangle pattern that it was trading within. Against Bitcoin, XRP penetrated beneath the 2070 SAT support as the buyers battle to defend 2022 SAT....Read More
€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C. fund will focus on investing in the blockchain sector, primarily in underdeveloped markets. €100M V.C. Fund To Invest In Blockchain The people behind the V.C. fund are Nikola Stojanow and Luka Sucic. Stojanow is an...Read More
A weekly close beneath $0.075 and the 3-month trend line suggest a strong correction. The price dropped by 8.5% following a weekly bearish close around $0.07. XLM/USD: Stellar Broke Below 3-Month Trend Line Key Resistance Levels: $0.0738, $0.080, $0.086 Key Support Levels: $0.0627, $0.0523, $0.045 XLM/USD. Source: TradingView The latest dump in the entire crypto...Read More
YouTube continues to ban cryptocurrency-related channels. The latest victim happens to be Roger Ver’s Bitcoin.com official channel. Ver posted a video on Reddit, explaining that there’s no apparent reason for YouTube’s actions. Bitcoin.com’s Official Channel Banned on YouTube The official channel of Roger Ver’s Bitcoin.com was banned on YouTube, according to a Reddit video that...Read More
A recent report warns of a scam that clones a legitimate service offering private, encrypted, and self-destructive messages, to alter BTC addresses and ultimately steal funds from unsuspecting victims. Stealing BTC By Altering Addresses According to the report by KrebsonSecurity, a fraudulent website called Privnotes has been impersonating Privnote.com for about a year. Users are...Read More
The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving. BTC Average Transaction Time Plunges Data provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a...Read More
Despite the lacking demand as of yet, the Bank of Korea (BOK) has set up a legal advisory group to review any legal issues before possibly launching a central bank digital currency (CBDC) in the future. BOK To Review Legal Matters Around CBDC According to a local report from today, South Korea’s central bank has...Read More
After dull weekend action, and as we anticipated here yesterday, Bitcoin price waited for the Wall Street Monday futures forecasts in order to execute its next move. In our yesterday’s price analysis, we spoke about the tightening range Bitcoin was going through: “The upper boundary lies around $9500, while the bottom lies at $9350. A...Read More
The trajectory remained bullish on the daily chart, although bears are currently showing strong interest. The price dropped after marking a new yearly high around $0.0107 on June 4. VeChain lost 9% today after rolling back under 100 SAT. VET/USD: VeChain Signals Short-Term Sell Key Resistance Levels: $0.01, $0.0107, $0.01167 Key Support Levels: $0.0087, $0.0075,...Read More
Buying shares of Grayscale’s Ethereum Trust would require investors to pay a premium upwards of 750% compared to ETH’s current market price. ETH Sold For More Than $2000 On Grayscale Grayscale is a company that provides institutional investors with exposure to the price of cryptocurrencies such as Bitcoin and Ethereum through their trust products. The...Read More
Ethereum dropped by a total of around 1.5% today as it falls to the $235 level. The next level for ETH to break and start a bullish push lies at $250. Against Bitcoin, Ethereum still needs to break the strong resistance at 0.0253 BTC. Key Support & Resistance Levels ETH/USD: Support: $225, $215, $205. Resistance:...Read More
Charles Hoskinson, the co-founder of Input Output Hong Kong (IOHK), is getting increasingly upset for being associated with another project he co-founded – Ethereum. Hoskinson Doesn’t Like Being Called Co-Founder of Ethereum In a recent Twitter post, the co-founder of Input Output Hong Kong said that he doesn’t want people to refer to him as...Read More
Popular American economist Nouriel Roubini took it to Twitter to once again bash Bitcoin. This time, his criticism was set off by a phishing scam that saw a podcast owner lose his BTC savings. Nouriel Roubini Bashes Bitcoin… Again According to the popular American economist and well-known nocoiner Nouriel Roubini, also commonly referred to as...Read More
Cardano looks for a rebound after losing 10% in the last seven days. The price is currently looking indecisive across trading pairs. It may breakdown if the immediate support fails to hold incoming pressure. ADA/USD: Cardano Looking For A Rebound Key Resistance Levels: $0.085, $0.088, $0.0917 Key Support Levels: $0.074, $0.0688, $0.0631 After breaking out...Read More
Popular media outlet ZeroHedge got its Twitter account suspended back on January 31st for publishing an article questioning the origin of the novel coronavirus (COVID-19). A bit more than four months after that, the social media lifted the ban. However, just two days later, Twitter appears to continue flagging the media’s content as “potentially harmful,”...Read More
One of Wall Street’s largest banks, JPMorgan Chase, has outlined in a recent analysis that Bitcoin’s 2020 performance demonstrates the asset’s growth and maturation. The paper also notes the compelling correlation the primary cryptocurrency is exhibiting with global equities. JPMorgan: Bitcoin Matures The JPMorgan Chase analysis cited by Bloomberg examined the performance of Bitcoin and...Read More
Quick recap: Last Thursday saw another failed attempt to break the $10,000 mark. Shortly after, followed by the fatal drops of the global markets, Bitcoin found its value recording a daily low near $9K, almost $1000 intraday price move. This is not what the Bitcoin bulls prayed for: Together with the drop, was the idea...Read More
Token swap feature KyberSwap has integrated Chalinink’s price reference data for enhanced accuracy. Up until now, the price feeds of KyberSwap were taken exclusively from Kyber Network. KyberSwap and Chainlink KyberSwap is a platform allowing users to swap between Ethereum tokens quickly and easily, and it’s powered by Kyber Network’s on-chain liquidity protocol. It allows...Read More
Recent data indicates that the number of Bitcoin whales (containing more than 1,000 BTC) has grown by nearly 9% in the past year. Interestingly, even after the completion of the third halving, whales continue to accumulate, which contradicts with their past performance. BTC Whales On A Shopping Spree Data provided by the monitoring company Glassnode...Read More
The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space. NYT Turns To Blockchain For Validating Info In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures...Read More
At this point, it seems like $10,000 indeed is a coveted level for Bitcoin bulls. Another week passed, and we saw yet one more failed attempt to reclaim this level. Interestingly enough, it happened minutes after the US Federal Reserve concluded its two-day June meeting, confirming near-zero interest rates for the short- and medium-term. In...Read More
Well-known cryptocurrency proponent John McAfee recently announced an upcoming encrypted chat application dubbed TeleGHOST. Based on the GHOST blockchain, it will allow full integration with the widely-utilized encrypted messaging app – Telegram. McAfee Announces TeleGHOST Chat App The former antivirus software tycoon posted on Twitter the details regarding the new encrypted chat app that will...Read More
Bitcoin Bitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday. Luckily, it found support at...Read More
Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner. As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock...Read More
After reaching $0.03 mark yesterday, ZIL for support around $0.024 and bounced back. Zilliqa’s parabolic move looks strong, but it’s maintaining higher highs and higher lows on the 4-hours time frame. ZIL/USD: Zilliqa Bouncing Back Key Resistance Levels: $0.03, $0.032, $0.034 Key Support Levels: $0.024, $0.0226, $0.0198 ZIL/USD. Source: TradingView Zilliqa saw an impressive performance...Read More
According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban. India Changes Its Mind On Crypto (Again)? A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial...Read More
Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low. In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term...Read More
Ethereum fell by a steep 6.7% over the past 24 hours as it drops toward $230. The cryptocurrency was struggling at the $250 level over the first two weeks of June but has remained supported at $225 thus far. Against Bitcoin, Ethereum struggles at the 0.025 BTC level. Key Support & Resistance Levels ETH/USD: Support:...Read More
Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration. Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview. Trump’s Head...Read More
Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well. Equities Tumble Amid Fears of Coronavirus Reignition The World...Read More
