Ethereum increased by 3% today as it rebounds from $200 and reaches $208. The cryptocurrency battles to remain above the rising trend line. Against Bitcoin, Ethereum failed to continue above 0.023 BTC as it drops back into the 200-day EMA. Key Support & Resistance Levels ETH/USD: Support: $200, $187, $180. Resistance: $215, $220, $225. ETH/BTC:...Read More
The blockchain video streaming network Theta Labs announced today that Google Cloud had joined its Enterprise Validator Program (EVP). Interestingly, this partnership coincides with Theta’s Mainnet 2.0 launch scheduled to take place also today. Google Cloud And Theta Labs Per the announcement, the tech giant has become the newest member of Theta’s Enterprise Validator Program....Read More
Discussions around Bitcoin and cryptocurrencies, in general, have reached the high seats of investment banking. This becomes clear as the behemoth multinational investment bank Goldman Sachs hosted a conference call headlined US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin. Perhaps somewhat expectedly, the banking giant used its platform to bash...Read More
Popular cryptocurrency analyst believes that Bitcoin’s price is heading towards $7,200 based on an inverse Head and Shoulders pattern. Interestingly, if BTC is indeed trading within the inverse H&S, the breakout could hand Bitcoin a target of $16,000. BTC: $7,200 Followed By $16,000? The inverse head and shoulders technical pattern is identified when the price...Read More
Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily. The S&P 500 Down Just 10% From Its February Levels The S&P 500...Read More
Facebook continues with the reforms to its future cryptocurrency project as Libra’s wallet provider Calibra has been rebranded to Novi. Despite the name change, though, the subsidiary of Facebook will not revise any of its long-term commitments and goals. Calibra Becomes Novi Facebook introduced today the new name Novi, inspired by the Latin words “novus”...Read More
XRP dropped by a small 1.5% over the past 24 hours as it falls back into the $0.192 support. The cryptocurrency has now formed a very acute descending triangle formation. Against Bitcoin, the XRP recovery continues but is finding some resistance at the 2200 SAT level. Key Support & Resistance Levels XRP/USD: Support: $0.192, $0.18,...Read More
The price is slowly breaking away from a 2-month channel as bullish action holds. While Chainlink struggles below the key resistance level, the price is currently looking indecisive on the daily chart. LINK/USD: Chainlink Remains In A Tight Range Key Resistance Levels: $4.3, $4.5, $4.9 Key Support Levels: $3.3, $3, $2.52 LINK/USD. Source: TradingView Chainlink...Read More
The giant South Korean multinational tech company, Samsung Electronics, introduced today its newest security chip solution. It’s designed to protect personal data and fintech activities, including mobile banking and cryptocurrency transactions. Samsung’s New Security Solution Protects Crypto Transactions Per the announcement from earlier today, the latest standalone turnkey security solution chip from the tech giant...Read More
Yobit is a well-known cryptocurrency exchange created by a group of European developers back in 2014. The company is officially incorporated in Panama. The platform requires no Know-Your-Customer verification, and registering an account with them is quick and easy. It offers a variety of different cryptocurrency pairs and boasts a large community on Telegram as...Read More
Quick recap: A week ago, after failing to break the $10,000 benchmark, Bitcoin price had dropped back to the $9200 – $9300 support, where lied the critical ascending trend-line, the one that started developing since the March 12 price crash (colored blue on the following daily chart). Last Sunday, Bitcoin failed to hold the mentioned...Read More
Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend. First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22. Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik...Read More
An unknown person has tampered with some of the Bitcoin addresses that Craig Wright has previously claimed to own in his ongoing legal case against the Kleiman estate. The person has used the private keys for the addresses to sign a message in which he called Wright a liar and a fraud. CSW Is A...Read More
Despite losing 4% today, Cardano is showing a lot of strength against the Bitcoin. The price is still in favor of the bulls on a short-term perspective. Bears may take over the market if the price drops below the diagonal support on the 4-hours chart. ADA/USD: Cardano Holds Above $0.05 Support Key Resistance Levels: $0.0577,...Read More
Ethereum increased by 2% today as the buyers battle to defend the $200 level. A rising trend line formation further bolsters the support at $200. Against Bitcoin, ETH continues its road to recovery as it breaches the 0.023 BTC level today. Key Support & Resistance Levels ETH/USD: Support: $200, $187, $180. Resistance: $211, $220, $225....Read More
The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report. Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite...Read More
The leading cryptocurrency exchange by trading volume and users, Binance, will support the upcoming launch of Theta mainnet 2.0 on May 27th. With the impending release of the network upgrade, the two native cryptocurrencies Theta and Theta Fuel have skyrocketed over the past month. Binance To Support Theta Mainnet 2.0 Launch Per the Binance announcement...Read More
Despite Ethereum’s price nosediving by over 85% from the all-time high levels reached in January 2018, the interest in the second-seeded cryptocurrency by market cap is gradually increasing. New data indicates that the number of non-zero ETH addresses has skyrocketed by over 350% since the time ETH reached its all-time high levels. Ethereum Addresses On...Read More
Over the past two days, Bitcoin was trading between the range of $9200 – $9300. As we mentioned here on our previous BTC price analysis, that area had transformed from being stronger support to being even stronger resistance. We mentioned the fact that a failure in breaking above the mentioned area will result in a...Read More
Scammers are impersonating Tron founder Justin Sun in an attempt to steal money from unsuspecting victims. The scammers target cryptocurrency projects under the guise of forming partnerships with Tron. They even go so far as to invite victims to a “live” Skype call with Tron CEO Justin Sun himself. But when invitees launch the Skype...Read More
Users of the two leading cryptocurrency hardware wallets could be at risk after a hacker offered to sell personal details of thousands of the companies’ customers. Hacker Offers HD Wallet Users’ Details As per multiple screenshots posted to Twitter, the hacker offered to sell personal details of customers from a wide range of financial services...Read More
The gap between Bitcoin’s hashrate and its mining difficulty has led to a miners capitulation – which could result in a major Bitcoin price dump. As pointed out by trader and popular YouTuber TheMoon, large discrepancies between hashrate and mining difficulty have typically resulted in a sudden departure of Bitcoin miners in the past. This,...Read More
XRP saw a 1.5% price drop over the past week as the bulls failed to defend the $0.2 level, and failed to close above over the past three consecutive daily candles Against Bitcoin, XRP continues its recovery attempt from the 2-year lows as it edges toward the 2200 SAT level Key Support & Resistance Levels...Read More
The past 24 hours have been relatively calm for the leading cryptocurrencies by market capitalization. As of writing these lines, Bitcoin is trading today in a tight range around $9,200. From a technical standpoint, the range between $9,200 – $9,300 is the first significant resistance level for the primary cryptocurrency. If it breaks it successfully,...Read More
The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is limited, the massive bank appears to be the latest Wall Street-based entity to acknowledge the primary cryptocurrency. Goldman Sachs To Talk About Bitcoin According to the invitation, the event...Read More
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization. In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its...Read More
The rollout of Ethereum 2.0 is set to arrive in installments, with the first milestone expected some time around Q3 of 2020. From that moment on, things promise to get interesting. At one point, we will see two Ethereum blockchains existing at the same time. Initially, the ETH 2.0 token will be practically useless for...Read More
While most community members are focused on exploring the correlations between Bitcoin and traditional financial assets, Google Trends indicated rather compelling inverse correlations involving the primary cryptocurrency and some popular culinary dishes. Firstly, a digital asset proponent brought up BTC’s comparison with the traditional Japanese dish – Ramen. Literally translated as “pulled noodles,” it consists...Read More
New information suggests that local government authorities in the Chinese province Sichuan are seeking to ban cryptocurrency mining operations in the region. Contrary, sources familiar with the matter claim that these notices are misunderstood, and crypto mining will not suffer major negative consequences. A Region In China Clamps Down On Crypto Mining? The story began...Read More
Following our Thursday price analysis, Bitcoin had lost almost $1000 in one and a half days. This came straight after 3-4 failed attempts to break the $10,000 mark over the past two weeks. When you’re not breaking, and the attempts are losing strength, you will dump hard. This was the bad news; however, the good...Read More
