Bitcoin just completed a daily surge of more than $400, marking $8580 as its current daily high. Yes, maybe when you’re reading these lines, the king of the cryptocurrencies had continued its way even higher. Three days ago, on our recent price analysis, we had stated clearly that the short-term looks bullish for Bitcoin. The...Read More
Ethereum is moving sideways at the $143 level as it attempts to overcome resistance at $147. Against BTC, ETH is struggling to overcome resistance at 0.0179 BTC but remains supported at 0.0175 BTC. Ethereum still remains within a neutral condition until the bulls can bring the market above the December highs at $152. Key Support...Read More
Summary EOS witnessed a 7-day price increase of about 11.30%, bringing its price up to $3.10. The cryptocurrency broke above a 6-month old descending price channel this week. Against Bitcoin, EOS managed to break above a 5-month old symmetrical triangle pattern as it heads higher. Key Support & Resistance Levels EOS/USD Support: $3.10, $3.00, $2.64....Read More
China has reportedly published a second printing of its textbook guide on blockchain and cryptocurrencies. It educates readers about their future usage and potential impact on the world. While teaching about the former is more easily accepted, the latter might come as a surprise since crypto trading has been banned for years in the country....Read More
BitMEX Research, the analysis arm of the popular Bitcoin margin trading exchange, recently published a report on the Lightning Network (LN). The scaling solution for the world’s largest cryptocurrency demonstrates considerable growth across several aspects. Bitcoin’s Lightning Network Grows The Lightning Network, which is Bitcoin’s off-chain scaling solution, continues to grow. According to a recent...Read More
The Chicago Mercantile Exchange (CME) will launch options on Bitcoin futures starting today. This comes as a result of the increased interest in cryptocurrencies. Moreover, analysts from JP Morgan think that there’s a high-anticipation among institutional investors for CME’s newest product. Anticipating CME’s Bitcoin Futures Options CME recently announced the launch of its newest product...Read More
XRP continues to hold strong as it trades sideways along with the $0.21 level. Against BTC, it managed to climb back above the 2600 SAT level but the bulls look pretty weak. The RSI remains above the 50 level which shows that the momentum remains in the hands of the bulls at this moment in...Read More
Bitcoin had a quiet start 11 years ago but since then has implemented serious innovations within the financial world and has managed to leave a definitive mark. While some people debate over the incredible investment returns it has delivered over the past decade, the largest cryptocurrency also managed to disrupt the whole financial sector. Let’s...Read More
Cryptocurrencies and illegal activities are often mentioned in the same sentence, especially by those who don’t support the idea of digital assets. Their anonymous nature leaves room for attacks that they are mostly used for similar transactions, but some reports might bring more light to the case. With this said, let’s find out whether or...Read More
The end of 2019 marked yet another volatile and, in most cases, profitable, year in the cryptocurrency community. The field continues to evolve with new developments while governments are starting to pay further attention, ultimately leading to a more mature market place. A recent report has compiled interesting data regarding the performance of Bitcoin, Ethereum,...Read More
The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100. Taking a look at the technical aspects,...Read More
The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...Read More
Indeed, the first impression is not always the last impression, at least, Nigerians have proven that with Bitcoin. Bitcoin started gaining traction in Nigeria after the infamous Mavrodi Mondial Moneybox (MMM) Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves...Read More
Bitcoin sees the highest attention in the past 5 months according to data by Google Trends. The world’s leading cryptocurrency has been making strides amid retail investors once again, as its price keeps going on rollercoasters regularly since the beginning of the year. Interest In Bitcoin Highest Since September 2019 Bitcoin’s price has been particularly...Read More
Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020. After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark. Yesterday...Read More
Bitcoin’s price has been on a wild ride this week. So far, January definitely doesn’t disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it’s currently recovering....Read More
Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even...Read More
While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough. No CBDC in Australia The...Read More
The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances. Smart Contracts Admissible In Court One of the biggest challenges in front of regulators when it comes to crafting legislation for...Read More
China’s central bank is reportedly preparing a new set of stricter rules that will affect public privacy and personal information. The update will make nine significant changes regarding leasing services and other types of financial transactions, and the community has quickly brought up Bitcoin and its potential to be used freely in similar situations. China...Read More
Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many...Read More
Ethereum saw a small 3.5% price decline over the past 24 hours of trading as the cryptocurrency rolls over and drops beneath $140. Against BTC, ETH failed to breach the resistance at 0.0184 BTC causing it to reverse and drop quite aggressively into the 0.0175 BTC region. Ethereum remains ranked as the 2nd largest cryptocurrency...Read More
When it comes to the massive adoption of cryptocurrencies and blockchain-based technology, decentralized applications (DApps) are considered as one of the pathways to it. According to a recent report, 2019 has seen a serious number of new DApps coming out. More interestingly, though, TRON has managed to establish itself as the second most-used platform for...Read More
Ripple is looking to expand its presence in Asia, forming a new partnership with Siam Commercial Bank. The latter will reportedly develop a new type of mobile application for faster and cheaper cross-border payments, which will run on Ripple. Ripple Partners With SCB Ripple recently announced its newest partnership with Thailand’s oldest bank – Sian...Read More
Following the first mini-rally of 2020, Bitcoin had quickly reached our mentioned target of $8400 before getting rejected. From there, the cryptocurrency saw a steep drop towards the 38.2% Fibonacci level (~$7850) of the last spike. As of writing these lines, Bitcoin is trading around $7900 – $8000 for the past hours, preparing for its...Read More
The European Central Bank is considering the launch of its own CBDC, according to the bank’s President – Christine Lagarde. She indicates in a recent interview that they need to adjust to this changing world and that the bank will not interfere with any private companies in coming up with a similar digital form of...Read More
XRP remains above the $0.21 level after seeing a 10% price surge over the past week. Against BTC, XRP has plummetted to create a fresh low beneath the December low-day-closing price. If the bulls can continue to defend the $0.21 level, there is a chance that we will head toward $0.25. Key Support & Resistance...Read More
Kelly Loeffler, the former CEO of Bakkt, has recently taken a seat in the U.S. Senate for the state of Georgia. Reports have it, though, that she is also assigned to serve on the Senate Agriculture Committee with the CFTC. Given that her husband is the CEO of the Intercontinental Exchange (ICE), this could raise...Read More
News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there...Read More
Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead. Binance To Help With Australia’s Distress Many institutions and people from around the world, including foreign...Read More
