Etheruem saw a pretty hefty price drop over the past 24 hours as it fell by 7% to reach the current $250 support. Even with the latest price drop, ETH remains up by a total of 45.5% over the past 30-days of trading. Against Bitcoin, ETH climbed as high as 0.0278 BTC before it rolled...Read More
Following our recent price analysis, we saw Bitcoin starting to go lower for a deeper correction. At least lower than the usual 38.2% Fib level correction we had seen three times before since the magnificent 2020 begun. After Bitcoin was testing the long-term ascending trend-line at $10,500 – a trend-line which had started forming in...Read More
The Central Bank of Russia announced in late December that it would be testing out its state-backed cryptocurrency within a regulatory sandbox. It appears that the tests are now over and have been completed. Russia’s Central Bank And Blockchain According to a local report, Russia’s Central Bank has completed a pilot project for the issuance...Read More
The Central Bank of Russia announced in late December that it would be testing out its state-backed cryptocurrency within a regulatory sandbox. It appears that the tests are now over and have been completed. Russia’s Central Bank And Blockchain According to a local report, Russia’s Central Bank has completed a pilot project for the issuance...Read More
Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes less than a month since the Asian country introduced a comprehensive regulation for businesses dealing with digital assets. Binance Applies For License in Singapore The largest cryptocurrency exchange by trading volume has applied for an...Read More
This week alone, gamers, virtual reality enthusiasts, and the cryptocurrency community have invested nearly a million dollars worth of real world currencies into virtual real estate generated and maintained by blockchains. The three largest blockchain generated virtual world games, The Sandbox, Decentraland, and Cryptovoxels, all saw the total trading volume of their digital tokens surge...Read More
“It was the intelligence coup of the century.” That’s the assessment of the CIA in a classified report obtained earlier this month by an investigation of the Washington Post. The Post made stunning revelations in a report headlined, “How the CIA used Crypto AG encryption devices to spy on countries for decades.” Crypto AG was...Read More
The spread of the coronavirus continues, and more countries appear to take serious measures for its containment. Amid the tragic effect on people’s health, the cryptocurrency space recently saw the birth of the CoronaCoin – a coronavirus-backed token. The Creation of CoronaCoin Earlier today, the discussion of the new coronavirus-backed coin was published in a...Read More
Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500. As can be seen on the following daily chart, after getting...Read More
Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position. While similar scenarios could play out in the traditional financial market, Bitcoin stands on the opposite shore. Its finite pre-programmed...Read More
XRP climbed by 3% over the past 24 hours of trading. However, it is still struggling to break resistance at $0.337. Against Bitcoin, XRP remains above the 200-day EMA but has run into resistance at 3270 SAT. The cryptocurrency has strongly outperformed Bitcoin this week with a 21% price surge relative to Bitcoin’s 4.5% increase....Read More
When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell. We need a healthy pull back. Too much hype about #bitcoin halving and...Read More
The cryptocurrency index and beta fund provider, BitWise, recently published a report regarding how financial advisors look at digital assets. Partnering with numerous information sources on the matter, the company concludes that cryptocurrencies are becoming more attractive to advisors and their clients. Increased Interest For Cryptocurrencies BitWise and ETF Trends conducted the report by questioning...Read More
In the crypto world there is always something happening, be it an attack, a partnership or a new product launch. Today we will be focusing on some of the most notable crypto news and events that transpired this week. Crypto News of the Week: Attack Prompts IOTA to Disable Trinity Source: Medium One of the...Read More
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than 4%, finally breaking above the essential technical and psychological resistance of $10,000. The price shot up to as much as $10,500 but failed to claim this level and retraced to where it currently trades at...Read More
Bitcoin Bitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at $9,815 to climb above $10,000. It has met slight resistance at around $10,430 and will need to break here to continue higher. If the bulls penetrate $10,430, higher resistance lies at $10,500 $10,707...Read More
The world’s largest decentralized and blockchain-based social media, as well as a blogging platform, Steemit, announced a strategic partnership with the TRON foundation. Steemit Joining TRON Ecosystem The largest decentralized blockchain-based social media and popular blogging platform, Steemit, announced in a shared press release with Cryptopotato, a strategic partnership with the TRON foundation. The development...Read More
Tron surged above 3-month high, but the break is yet to confirm against Bitcoin TRX is poised for massive gains, but the price is still trading at a crucial resistance level Against USD, Tron is showing a lot of strength but trapped in a rising channel. TRX/USD: TRX Crossed Five-Month High Following A Weekly Surge,...Read More
The largest standalone investment bank in Latin America, Banco BTG Pactual SA, recorded an impressive 42% net income growth during last year’s fourth quarter. The bank is regarded as one of the cryptocurrency-friendly traditional banking establishments. Last year, BTG started utilizing the Ethereum and Tezos blockchain networks for security token offerings. BTG’s Net Income On...Read More
Cryptocurrencies are popping in 2020. The entire market’s capitalization has once again touched $300 billion – something that was last seen six months ago. The interesting part is that it’s not just Bitcoin’s price that’s increasing this time – altcoins are exploding as well. Naturally, as it has always been the case, this drives more...Read More
Two days ago, on our most recent BTC price analysis, we had mentioned that Bitcoin is reaching for a crucial long-term resistance line from 2019, we had also mentioned a bearish price divergence on the daily RSI. This resistance is the ascending trend-line marked on the following daily chart, which had started forming in July...Read More
Ethereum rolled over from expected resistance at $268.80 as it dropped by a small 1.5% to reach $264. ETH has been the second strongest performing top 10 cryptocurrency (behind Tezos) over the past 30-days with a 65% price increase. Against Bitcoin, it broke significant resistance at 0.025 BTC to reach 0.026 BTC. Key Support &...Read More
One of the world’s largest cryptocurrency exchanges, Huobi, is adding a new service for its Argentinian branch. Dubbed Huobi Argentina, it now allows customers to directly exchange Argentine Peso (ARS) for Bitcoin and Tether (USDT) and vice versa. Huobi Argentina Fiat Gateway In September 2019, the Singapore-based cryptocurrency exchange announced the opening of Huobi Argentina....Read More
In recent years, there has been a continuous acceleration in the development of new technologies such as fintech, IoT, Big Data, AI, and other related fields. Much of this is due to investment from major companies, like the SBI Group, based out of Japan, which have been proactively investing in venture companies within these fields...Read More
Cardano created a fresh 7-month price high today after increasing by a total of 5% to reach a price of $0.72. The cryptocurrency has experienced strong growth over the past 30-days as it surged by 82%. It also created a fresh 7-month high against Bitcoin as it breaks above the 650 SAT level. Key Support...Read More
If you are not living under the rock, then you might have come across the fatal virus that has taken the entire world under its grip. The news about this new virus–Coronavirus has spread wide afar and many countries have reported causalities. Coronavirus, also renamed as COVID-19 (World Health Organisation), is the most novel virus...Read More
One of the most popular and currently dominant football clubs – FC Barcelona, has joined forces with a cryptocurrency project. The partnership seeks to create a specific token which aims to increase the engagement of Barcelona’s fanbase. Barcelona To Launch Own Cryptocurrency According to an official press release, FC Barcelona, the captain of which is...Read More
When it comes to investments, especially in cryptocurrencies, the United States authorities are very strict in protecting investors from risks and losses. For this reason, crypto companies often exclude US residents from their offerings due to strict regulatory policies Although no laws are banning Americans from using margin trading, the regulations remain unclear. Thus, to...Read More
Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities. FinCEN To Apply New Requirements Yesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many...Read More
The pacesetter United States 2020 Presidential election candidate, Andrew Yang whose campaign was famous for his massive support for cryptocurrencies alongside a future promise of universal basic income has dropped out of 2020 elections. Andrew Yang Drops His 2020 Elections Campaign, Promises To Bounce Back Harder As this might have meant a major disappointment to...Read More
