The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash. People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and...Read More
Renowned pop-star music video director Joseph Kahn recently revealed that trading cryptocurrencies has been his hobby for the last month. World-Famous Video Director Says He Is Trading Crypto In a recent post on his personal Twitter profile, Kahn shared that he has been into his new hobby for a month now, and is even already...Read More
Chainlink broke almost a three-month high following 7% daily gains. While it remains bullish on the daily chart, buyers may encounter dynamic resistance at 48000 SAT. LINK/USD: Chainlink Breaks Above $4.3 Key Resistance Levels: $4.9, $5.5, $6 Key Support Levels: $4.3, $3.5, $3 LINK/USD. Source: TradingView After a full recovery from March collapse, Chainlink paused...Read More
Cryptocurrency analyst and creator of Bitcoin’s stock-to-flow model, PlanB, recently noted that an indicator that historically precedes bullish momentum according to his model has now flashed. Per his initial prediction, the asset is targeting a total market cap of $1 trillion in the next few years. Bitcoin’s S2F Model The stock-to-flow model became an instant...Read More
Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries. Oil Prices To Affect BTC Mining The sudden outbreak of the...Read More
After fighting a legal case for two years, America’s largest bank, JPMorgan Chase will pay $2.5 million to settle a class-action lawsuit over extra fees on cryptocurrency purchases. In 2018, the plaintiffs – Brady Tucker, Ryan Hilton, and Stanton Smith – filed the lawsuit against JPMorgan in a Manhattan federal court, accusing the bank of...Read More
Ethereum completes a daily 10% price increase, and a 7-day 15% gains, recording a current high of $245. ETH hit resistance at a bearish .786 Fib Retracement before dropping by 2.5% today down to the $235 price region. Against Bitcoin, Ethereum exploded to 0.025 BTC, which is a new 30-day high. Key Support & Resistance...Read More
The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.” ETH’s Role On Ethereum Blockchain Decreases Per the research provided by Messari’s...Read More
Over the past days, the Bitcoin price is seeing only one direction, which is in favor of the Bulls. The coin that was trading for $8600 just five days ago is now aiming to re-target the $10K mark. However, will it be so easy? On our most recent BTC analysis from Friday, we pointed out...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
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
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
Another week has passed, and it has been nothing short of exciting on the cryptocurrency market. Bitcoin went on to lose a serious chunk of its value as it plunged below $8,700 only to recover a few days later and touch $9,600. However, BTC is relatively indecisive over the past couple of days as it...Read More
Ethereum is stuck at 0.023 BTC resistance after forming a cup-and-handle pattern It is gaining strength again after reclaiming the crucial $200 mark this week ETH/USD: Ethereum Recovers Well Above $200 Key Resistance Levels: $226, $237, $246 Key Support Levels: $211, $200, $191 ETH/USD. Source: TradingView There’s no doubt that the bulls are coming up...Read More
The latest debacle of social media giant Twitter flagging tweets of the US President Donald J. Trump resulted in the draft of an executive order on Preventing Online Censorship. If anything, this highlights one of the core principles behind Bitcoin’s technology – censorship resistance. Twitter Flagging President Trump’s Tweets The riots in Minnesota’s largest city,...Read More
Bitcoin Bitcoin saw a small 3% price increase over the past seven days as it currently trades around the $9,433 level. The cryptocurrency had started the week off by dropping beneath $9,000 and reaching the support at the rising trend line. Luckily, the buyers managed to defend this support to prevent BTC from slipping into...Read More
The US-based cryptocurrency exchange Coinbase has extended its staking services for Tezos (XTZ) to users from a few European countries. The price of the asset has increased by nearly 6% since the announcement yesterday. Europeans To Stake XTZ On Coinbase As CryptoPotato reported before, Coinbase added Tezos staking in late 2019 for users based in...Read More
If you were into Bitcoin and crypto for at least five years, the name Chris Dunn would probably sound familiar to you. The 35 years old Texas boy was one of the first crypto YouTubers. As of writing these lines, his popular channel has more than 200,000 subscribers since its first uploaded video, somewhere in...Read More
Cardano founder Charles Hoskinson has finally put a date to the launch of Shelley – the next major milestone in Cardano’s roadmap. According to Hoskinson, the initial phases of Shelley’s arrival will begin as early as June 9, and will be live by June 30 if everything goes ahead as planned. Charles Hoskinson Announces Cardano...Read More
XRP dropped by a small 1% today as the coin continues to struggle to find ground above $0.2. The cryptocurrency continues to consolidate in the descending triangle formation as it approaches the apex. Against Bitcoin, XRP dropped by a nasty 3% today, which could be a sign that XRP/USD might fall out of the triangle...Read More
XRP dropped by a small 1% today as the coin continues to struggle to find ground above $0.2. The cryptocurrency continues to consolidate in the descending triangle formation as it approaches the apex. Against Bitcoin, XRP dropped by a nasty 3% today, which could be a sign that XRP/USD might fall out of the triangle...Read More
One of Bitcoin’s most vocal proponents and early adopters, Tyler Winklevoss, took the opportunity to comment on Goldman Sachs’ most recent conclusions on the cryptocurrency. ‘Probably’ Rebranding to Goldman Stacking Sats As CryptoPotato reported yesterday, the large multinational investment bank Goldman Sachs hosted a conference call talking about Bitcoin and other cryptocurrencies. Somewhat unsurprisingly, the...Read More
The price saw a small recovery after finding temporary support near $0.25 ~ 3000 SAT level. THETA is looking bearish on the lower time frame after losing almost 30% overnight. THETA/USD: THETA Got Exhausted At $0.25 Key Resistance Levels: $0.40, $0.50, $0.588 Key Support Levels: $0.25, $0.20, $0.137 THETA/USD. Source: TradingView The last 24-hour drops...Read More
A European civil society organization promoting digital rights has issued warnings regarding new cryptocurrency-related scams. By impersonating reputable websites and running fake advertisements on Facebook, the scammers are duping victims to provide personal data and to invest in unexisting digital asset projects. Fake Cryptocurrency Investment Opportunities The North Macedonia-based Metamorphosis Foundation – a member of...Read More
The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or...Read More
The digital asset management company, Grayscale Investments, has increased its Bitcoin buying speed recently. According to a researcher, the firm’s accumulation levels have jumped to about 150% of the freshly mined coins since the third halving. Grayscale Buys A Lot of Bitcoin As CryptoPotato reported recently, Grayscale had increased its Bitcoin holdings by 60,000 coins...Read More
The Square Cash app owned by Twitter CEO Jack Dorsey will go to great lengths to smooth the onboarding process for its Bitcoin users. When a Cash app user sent 12 different transactions worth $1 each, the app covered the $6 fees required to get his transaction included in the next block – each time....Read More
