Bitcoin’s price went on a rampage. Just five days ago, it was trading at around $6,850, and today, it went over $8,400 to settle at where it currently trades at around $8,270. With an increase of around 5% for the past 24 hours, Bitcoin seems to mark a good start to yet another year. As...Read More
Telegram appears to have caught a break with the recent case filed by the U.S. Securities and Exchange Commission (SEC). The company recently refused to share its financial records with the market regulator, and now the New York court has ruled against SEC’s demand. SEC Request Denied This year started on the wrong foot for...Read More
Two of the largest corporations in Japan, SBI Holdings and GMO Internet Inc., have found their way into the bitcoin mining sector through a connection with Frankfurt-based company and owner of the world’s largest Bitcoin mine, Northern Bitcoin AG. According to Bloomberg, an agreement between the two Japanese firms and Whinstone Inc., a subsidiary of...Read More
While the rest of the industry surges, Tezos dropped by a total of 7% this week to reach $1.26. Against Bitcoin, the cryptocurrency continues to decrease as it fell below the 100-days EMA. Tezos has now dropped out of the top 10 projects as it is currently ranked in 14th position. Key Support & Resistance...Read More
Bitcoin likes to do things fast: Following yesterday’s analysis, we see that 2020 is so far very bullish for Bitcoin. In less than seven days, Bitcoin had seen over a 10% increase. Yesterday, we pointed out the ascending channel on the 4-hour chart. Today, Bitcoin had broken up from the channel and quickly reached into...Read More
The new year is here and it started off kicking. Bitcoin went on a rollercoaster, dropping to a low of $6,850 only to surge back up to $8,000 days later. As it’s almost always the case, the cryptocurrency market followed. Looking at how January turned out for altcoins throughout the past 4 years, it’s safe...Read More
Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900. Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the...Read More
Ethereum saw a strong 5% price surge over the past 24 hours as the cryptocurrency trades at $142. Against BTC, ETH finally broke above the resistance at 0.0184 BTC, clearing the way to head toward 0.020 BTC. Ethereum also managed to break above the sideways trading range at $135 as it heads toward $150. Key...Read More
So far, the new decade is in favor of Bitcoin’s Bulls. Following the break-out from two days ago, the price finally managed to get over the $7300 – $7400 resistance area, while setting a new 2-week high at $7600 (Bitstamp), as of writing these lines. While the global stock markets are seeing heavy red, Bitcoin...Read More
Binance was on a roll in 2019, and it doesn’t appear to stop this year with new features on its platforms. The company recently announced that it will add XRP/USDT as a new perpetual contract trading pair, and the leverage will be up to 75x. At the same time, the price of the third-largest cryptocurrency...Read More
Financial institutions in South Korea may soon be able to launch Bitcoin derivatives and other crypto-based products as part of the country’s effort to make crypto a legal asset. The South Korean presidential office of the 4th industrial revolution Commission published a document advising the Korean government on some policies they could use as a...Read More
As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies. Qatar Bans Cryptocurrencies The Qatari Financial Center, which is also the nation’s regulatory authority, has issued...Read More
The calendar turned a new leaf, yet Facebook proposed Libra cryptocurrency is not out of the scrutiny. Libra continues to receive negative responses, this time from German Central Bank’s President Jens Weidmann. The Bundesbank President “wants to slow down the Facebook proposed crypto through regulations” claims a local report. As per the report, Weidmann believes...Read More
American entrepreneur and controversial crypto figure John McAfee, who boldly predicted that Bitcoin would be valued at $1 million by the end of 2020, has openly lashed out on the leading cryptocurrency, referring to it as an ancient technology due to several limitations. This comes as a blow, considering that he was one of the...Read More
While most of the world countries and entities are making slight attempts to enlarge their cryptocurrency adoption, Venezuela might be way ahead. Judging by the past year, the dictatorship country has been quite favorable towards Bitcoin and other digital assets, with increased trading volume, and its own cryptocurrency to be used in oil trades. Most...Read More
Only a few days ago, the price of Bitcoin plunged to $6,850 (Bitstamp) in a violent red candle. However, the bulls quickly took charge, and the price recovered to over $7,200 in the next few hours, and since then, the state of BTC has been ever healthier. The largest cryptocurrency is currently trading safely above $7,400,...Read More
Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a...Read More
Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price. As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten...Read More
Bitcoin and the alternative coins receive different acceptance from people: from a speculative tool for trading to an investment option, digital gold, etc. Yet, most of them have another, more meaningful purpose that is somehow neglected by the masses when they see only their coins’ prices. While most people are aware of the top digital...Read More
It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in...Read More
Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319. If the bulls continue to drive Bitcoin higher and push it...Read More
The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro. Weidmann On Digital Euro Ever since...Read More
A U.S. citizen, Joanna De Alba has been detained and indicted for an alleged conspiracy to possess and distribute illegal drugs including heroin and methamphetamine, through the dark web in exchange for Bitcoin. The defendant was arrested while trying to enter the United States through the U.S-Mexico border on October 24, 2019. Alleged Dark Web...Read More
Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed. Bitcoin Price Surges $500 In Hours Yesterday, the...Read More
The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator. Telegram Does Not Want To Share After raising over a billion...Read More
Good news for cryptocurrency traders in South Korea as profit generated from crypto trading will not be subjected to tax, according to a recent announcement from the country’s Ministry of Finance and Strategy. The Ministry clarified that the current tax law does not consider crypto trading gains as taxable income; thus, Korean crypto traders are...Read More
Ethereum has seen a small 3% price increase over the past 7 days as it trades at the $130 level. Against BTC, ETH still is struggling to break above the resistance at 0.01820 BTC. Ethereum must break above $135 to turn bullish. Key Support & Resistance Levels ETH/USD Support: $128, $120, $118. Resistance: $133.50, $145,...Read More
One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have...Read More
Ethereum network has successfully completed its latest hard fork, although no official announcement is made. Muir Glacier activated on 2nd Jan 2020 at Block number 9,200,000. This hard fork brings in EIP 2384 improvement proposal. The upgrade will delay the difficulty bomb (known as “ice age”) that was increasing the average mining block time. Further,...Read More
Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...Read More
