Following the official halting of Telegram’s TON blockchain project, Co-founder of Qiwi Group Sergey Solonin has decided to loan his $17 million investment back to the company, according to a recent report by Forbes RU. $17 Million Investment Stays In Telegram The past several weeks have been particularly challenging for Telegram’s blockchain project called TON....Read More
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets. The New Chinese Threat: WOTOKEN According to local reports, the trial began on May 14th...Read More
Friday was a big day for Bitcoin Twitter. Harry Potter author J.K. Rowling asked Twitter to explain the cryptocurrency to her. All the big whales on Bitcoin Twitter jumped into the thread to offer various explanations and summaries to the legendary fantasy writer. J.K. Rowling asks Twitter to explain Bitcoin. | Source: Twitter Elon Musk...Read More
Over the past day or so, Bitcoin suffered from a massive price correction. After reaching the $10K zone for the second time in 10 days, Friday’s devastating candle saw a huge drop of over $800 to $9112, which is the current low on Bitstamp. If you had read our previous price analysis from Thursday, you...Read More
Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then. In the four short...Read More
Omisego remains among the best-performing cryptocurrency this week following a massive 35% surge in a few days. The bulls regained control of the market after a week downward correction. After touching $1 mark today, the price is now facing crucial resistance levels. OMG/USD: Omisego Touched $1 After Huge Breakout Key Resistance Levels: $1.14, $1.372 Key...Read More
Bitcoin Bitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving...Read More
Bitcoin’s hash rate has decreased by 32% in the past few days as the revenue generated by miners is also substantially less following the halving. This is one of the biggest corrections in history, and it might pose certain security challenges for the network. Bitcoin Hash Rate Drops 32% Bitcoin’s hash rate decreased dramatically in...Read More
Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug. That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too. The...Read More
XRP saw a 1.5% price rise over the past 24 hours as it managed to climb above the $0.20 level again. The cryptocurrency is facing resistance at the 100-days EMA now. Against Bitcoin, the XRP woes continue as it keeps trading at lows not seen since December 2017. Key Support & Resistance Levels XRP/USD: Support:...Read More
Global retailer Overstock has filed for a dismissal of a lawsuit that alleges the company is misrepresenting a “digital dividend” token to its shareholders. Accused On Misleading Information To Shareholders The online retailer Overstock has been among the firms that adopted and advocated Bitcoin early on. Now the company is caught in a legal battle,...Read More
With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website. Almost All BTC Positions Are In Profit Bitcoin’s halving historically...Read More
The Bitcoin halving event took place on May 11, three days ago. As expected, that day was volatile to both sides, but the bottom line was that Bitcoin maintained the crucial support zone around the $8K mark. The latter includes the significant 200-days moving average line (marked light green on the following daily chart), together...Read More
Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground. Bitcoin Price Pushes Above $9,500 At the time of this writing, Bitcoin’s...Read More
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling. Bitcoin Price Soars 9% in Less Than Three Days Bitcoin’s halving took place a little more than 48 hours ago. At the time, BTC...Read More
Ethereum continued to trade in a range between $190 and $200. Against Bitcoin, the price may dip lower if the 0.021 BTC support fails to provide a rebound. The trend remains in a downward range on the 4-hours chart. ETH/USD: Ethereum Pushes Toward $200 Key Resistance Levels: $200, $215, $226 Key Support Levels: $175, $166,...Read More
Matic saw a 7.5% price surge over the past 24 hours and 22% in the past two days. The cryptocurrency rebounded from a rising trend line over the weekend and pushed higher. Against Bitcoin, Matic is facing resistance at the 200-days EMA at around 195 SAT. Key Support & Resistance Levels MATIC/USD: Support: $0.016, $0.014,...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
The self-proclaimed Satoshi Nakamoto, Craig Wright, took the opportunity to publish a blog post on May 11, the day of the third Bitcoin halving, to warn his opponents in the Bitcoin space and beyond that, the axe is now in his hand – and it’s about to fall hard. The Axe Swings for Thee That’s...Read More
Tezos is slowly regaining bullish momentum, getting close to key resistance at $2.58 XTZ broke down from a two-month ascending trending, initiating a sharp price drop Against Bitcoin, Tezos formed a double bottom at the 0.00027 BTC support, which could become bullish XTZ/USD: Recovery After Breakdown Key Resistance Levels: $2.58, $2.89, $3 Key Support Levels:...Read More
Telegram has announced it will be ceasing all active involvement with the TON blockchain. The CEO of Telegram, Pavel Durov, announced the news in a Telegra.ph post on May 12, 2020, which declared Telegram’s work with TON officially finished. Durov announced: “I am writing this post to officially announce that Telegram’s active involvement with TON...Read More
XRP saw a 1% price increase today as it attempts to reclaim the $0.20 level. The cryptocurrency broke beneath the rising trend line but found support at a .382 Fib Retracement ($0.192). Against Bitcoin, XRP continues to struggle as it trades at just 2250 SAT, down from the 2750 SAT April high. Key Support &...Read More
Leading cryptocurrency exchange Binance is rolling out new leverage products called “Binance Leverage Tokens (BLVT),” two months after delisting FTX’s Leveraged Tokens. Binance Leveraged Tokens – BTCUP and BTCDOWN Leveraged tokens are designed to give traders exposure to the crypto markets without the nitty-gritty that comes with managing a leveraged position. Launching this week, the...Read More
Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network. The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now. Bitcoin Price...Read More
The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000. The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC. 2020 Halving Completed After months of increased...Read More
Link looks indecisive after witnessing a 1.92% loss over the past few hours. The price is trapped in a channel as the bullish trend remain valid across trading pairs. Chainlink continues to hold key demand level at $3.47 after a series of rejections. LINK/USD: Chainlink Is Trapped In a Tight Range Key Resistance Levels: $4,...Read More
Ethereum saw a sharp decline over the weekend, which caused it to slip beneath $200 and reach $187. The cryptocurrency managed to find strong support at a rising trend line. Against Bitcoin, Ethereum is battling to hold above the 0.021 BTC level. Key Support & Resistance Levels ETH/USD: Support: $180, $175, $170. Resistance: $190, $200,...Read More
The median confirmation time for transactions with miner fees to be included in a mined block and added to Bitcoin’s ledger has decreased substantially on the day that the halving is estimated to take place. If the rate continues as it is, the event will take place a few hours sooner than expected. 10 Blocks...Read More
Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours. After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark. As we stated here on yesterday’s BTC analysis, the violent plunge that took place...Read More
New data comparing Bitcoin’s fundamentals now and around the second halving in 2016 demonstrates the immense growth of the network. Double, triple, and even quadruple-digit increases are evident in almost all areas, including the number of BTC addresses, the hashrate, and the daily transaction volume. 2016 Vs. 2020 Bitcoin Addresses While most members of the...Read More
