An interesting graphic compiled by Deutsche Bank compares the early-stage evolution of the Internet and blockchain technology. It shows that the two have relatively similar difficult beginnings, but ultimately the former receives more mass adoption than the latter. Internet Vs. Blockchain Adoption Rates Nowadays, it’s hard to imagine living a normal life without constant access...Read More
After touching the significant 200-days moving average line at $9,060, Bitcoin quickly got rejected down to $8400. From there, the cryptocurrency had a three-day consolidation around $8600; however, after breaking it down, the bearish momentum had recorded $8200 as the weekly low. Coincidence? When looking at the following 4-hour chart, we can see that the...Read More
The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018. More Cryptocurrency Hacks In 2019 The report informs that hackers attempted the most amount of attacks against...Read More
Binance Coin has seen an impressive 27.5% price hike this month, bringing it up to $16.83 Against BTC, BNB rebounded from support at 0.00179 BTC at the start of 2020 to climb to the current 0.002 BTC level. Binance Coin has dropped a small 5% this week after meeting resistance at the 100-days EMA and...Read More
Ethereum saw a decline of about 7%, bringing the price for the coin beneath $160. Against BTC, ETH dropped lower but managed to find support at 0.018 BTC to rebound back above 0.019 BTC. Ethereum is now testing support at $159 and will likely head toward $146 if it collapses beneath. Key Support & Resistance...Read More
The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins. Global Consortium For Digital Currency Governance The World Economic Forum for 2020 took place...Read More
Even though Peter Schiff’s lost bitcoins saga has been resolved, for now, it continues to attract the attention of the cryptocurrency community. The CEO of Binance, Changpeng Zhao (CZ), recently noted that Schiff helps Bitcoin as his negativism will push people to do the opposite of what Schiff trying to express. CZ On Schiff’s Lost...Read More
GateHub is a payment gateway platform that allows you to store digital currency with instant payments at a good cost. Built-in 2014, GateHub is a UK-based cryptocurrency exchange that trades via Ripple network. GateHub Wallet Review QUICK NAVIGATION : What is GateHub? GateHub platform serves a dual-role; one as the payment gateway (wallet) and second as...Read More
Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative. Simply put, having negative rates means that instead of receiving interest income on...Read More
Litecoin Core Wallet Review QUICK NAVIGATION : Litecoin (LTC) is one amongst the elderly cryptocurrencies in existence; launched in October 2011 as a fork of Bitcoin. It shares countless similar attributes as Bitcoin. Litecoin Core is the official full node client of the Litecoin project that supports Windows, Mac OS, and Linux. The functions of the...Read More
Ethereum stands with the second highest market cap in the cryptocurrency space. So it’s obvious to attract the attention from the investors. With this growing attention that need to find a secure place to store Ether. So, today we’ll talk about Ethereum wallets. The official Ethereum Wallet is usually known as the “Ethereum Mist Wallet”....Read More
Across trading pairs, XRP is charting a loss of 1.24% at the moment. Against Us Dollar, XRP looks for a strong rebound level while captured in a falling wedge. Bearish bias may elapse beyond expectation if XRP fails to find support on channel pattern. XRP/USD: XRP Sharply Bounced Near $0.21 Support, Has the Correction Ended?...Read More
Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that...Read More
Bitcoin Bitcoin has dropped by a small 5% over the past week as it hovers around the $8,400 level. It found strong resistance at the $8,963 level (bearish .786 Fib Retracement) and was unable to overcome it. The latest retracement was expected, considering that Bitcoin managed to surge by over 30% in January to reach...Read More
One of the most successful and popular entrepreneurs, Elon Musk, recently spoke about Bitcoin and the general idea of cryptocurrencies. Appearing on a podcast, he said that digital assets will not replace cash fully, but they have a role to play. Bitcoin Won’t Replace Money: Musk Elon Musk is widely known for his business endeavors...Read More
Banks in Hawaii, one of the fifty states in the US, would be able to provide cryptocurrency custodial services to investors under a new bill introduced by the state’s lawmakers late last week, should it pass approval. If successful, the legislation would grant Hawaiian banks the right to hold and manage digital assets such as...Read More
Ripple, the company behind one of the largest cryptocurrencies on the market, XRP, might file for an IPO within the next 12 months. So much became clear in an interview with the company’s CEO, Brad Garlinghouse, during the World Economic Forum in Davos. Ripple May Go Public In The Next 12 Months The past few...Read More
A recent survey from the Bank for International Settlements (BIS) confirms the emerging trend of digital currencies backed by central banks. The publication reveals that 80% of the participants have declared that they are currently working on issuing their own cryptocurrency. CBDCs: Coming From Most Banks The survey was compiled by BIS at the end...Read More
After last week’s rally, it now seems that Bitcoin is hitting the headlines once again. American venture capital investor, Tim Draper, has recently spoken out about Bitcoin, suggesting that millennials need to invest in Bitcoin if they want to secure their financial future. On Wednesday, January 22nd, 2020, Draper spoke to Liz Claman during an...Read More
Tether, the issuer of the popular stablecoin USDT, has now launched a new type of commodity-backed token pegged to gold. At the time of this writing, the new token will be issued on the networks of Ethereum and Tron. Tether Launches Tether Gold (XAUt) According to a recent announcement, Tether, the company behind the most...Read More
The Tezos train has started to move once again after a noticeable 17% increase over the past week of trading, bringing the price of the coin up to $1.55. Against Bitcoin, the cryptocurrency found strong support at the 200-days EMA, which allowed it to rebound higher. Tezos is now the 14th largest cryptocurrency by market...Read More
In an industry like this, where cryptocurrency prices are highly volatile and unpredictable, putting all eggs in one basket could be quite risky. Many got to know this the hard way, while some learned from the experiences of others. A recent Twitter poll revealed that an increased number of crypto traders and investors are now...Read More
Ethereum witnessed a small 3% price drop today, causing the price for the coin to fall beneath $165. Against BTC, ETH failed to make any ground above the 100-days EMA and has since fallen back beneath. Despite the recent price drop, bulls may be hanging in there until the price falls to $158. Key Support...Read More
Pornhub, the popular adult website, has updated its payment methods and has added Tether (USDT) as an option. Just months after PayPal stopped supporting the platform, the cryptocurrency world introduces a viable alternative. TRON and USDT On Pornhub The adult platform announced that it had added the most-widely used stablecoin Tether (USDT) as a new...Read More
A quick recap to the last Bitcoin’s price action from the past week: After touching the 200-days moving average line (~$9060), Bitcoin got rejected and quickly dropped into the $8600 support area, after creating a wick down to $8450. Since the first touch on this crucial support line (four days ago), we had seen Bitcoin...Read More
The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full force. While some people believe that the event has already been priced in and the community should not expect a significant boost, others presume that Bitcoin is yet to encounter the real impact. Bitcoin Halving...Read More
The San Francisco-based venture capital firm, Andra Capital, is planning to issue its own Silicon Valley Coin (SVC) via a Security Token Offering (STO). The project comes after a collaboration with the Tezos Foundation, and it will be built on the latter’s blockchain. Following this announcement, XTZ notes a daily increase of almost 9% against...Read More
BNB is under a bearish threat with a double-top pattern. Surrounding fundamentals could keep buyers alive for the next rally. Despite bearish signs, BNB remains bullish on a short-term trend. Following a recent tweet by Changpeng Zhao @CZ_Binance: a new token sale of WazirX (WRX) was announced to take place on the Binance launchpad next...Read More
While the industry is still abuzz over Bitcoin’s surge toward new yearly highs during last week’s rally, the world has also caught wind of some exciting news about the world’s 15th largest cryptocurrency based on market cap: Ethereum Classic. As of today, January 22nd, 2020, Grayscale’s Ethereum Classic Trust has announced its financial commitment to...Read More
XRP trades in a rising channel as buyers wait for a bounce. The third-largest crypto is currently down by 0.24%. XRP is footing a bearish sentiment across its trading pairs. XRP/USD: XRP Showing Bearish Sign But Channel Keeps Buyers Valid Key Support Levels: $0.23, $0.225 Key Resistance Levels: $0.24, $0.251 Following last weekend’s sharp drop...Read More
