Bitcoin’s price recently plunged below $10,000 USD. As the market remains volatile, an interesting comparison between the 2019 cycle with the 2016 one shows that Bitcoin might be ahead of another massive price spike. As per the author of the video, Faisal Sohail who has a Ph.D. in economics, Bitcoin’s technical analysis at the moment...Read More
Litecoin has been dragged through the mud recently after suffering a 13.55% price decline over the past week. This brought its price to $63.93 as it broke beneath a long-term rising support line. Litecoin has now dropped by a substantial 33% in the past 30 days alone as investors wonder how long this could possibly...Read More
Popular Bitcoin proponent Max Keiser has recently weighed in on the current market conditions. He outlined that Bitcoin’s hashrate has hit yet another all-time high and that altcoins are fading out. According to him, Ethereum is headed back to $90, which would, in theory, mark a decrease of around 46%. Bitcoin To Hit 85% Market...Read More
Popular cryptocurrency commentator and veteran entrepreneur John McAfee said that people shouldn’t panic over the price of Bitcoin dropping below $9,500. The serial entrepreneur is a well-known Bitcoin proponent and has expressed his positivity on the cryptocurrency for the long-term multiple times. However, his exile continues as he has admitted to not filing tax returns...Read More
Binance Coin has seen a major decline of 11.7% over the past 24 hours, as it currently trades at around $21.90. The drop is largely attributed to the 7% price decline seen in Bitcoin, however, BNB has also fallen further against BTC adding to its demise. Binance Coin has now plunged by over 17% throughout...Read More
Binance launched an initiative platform to help developers leverage Binance infrastructure for their ideas and projects. There are 3 themes of this program – Learn, Collaborate and Grow. Learn provides official third party resources for information. Collaborate provides tools and channels to develop the infrastructure. Grow refers to different Binance programs already designed. Binance has...Read More
Bitcoin lost upwards of $800 in the past 24 hours, marking a sharp decrease of around 7 percent on the day. Conditions like these would typically leave room for altcoins to thrive, but this isn’t the case. The entire market is bleeding heavily, while Bitcoin manages to retain a high dominance of around 69 percent. ...Read More
Bitcoin developers have created a multi-signature (multisig) user interface for both hardware wallets and full nodes to enhance Bitcoin Wallet security. Wallets protected by multisig technology need more than one private key to access the wallet. Thus it is less likely to breach the security as no single party possesses all the information to access...Read More
Coinpedia had reported about Bakkt’s Futures Launch. Intercontinental Exchange‘s (ICE’s) Bakkt platform has tweeted about Bakkt’s Warehouse starting this Sept 6. Bakkt’s Warehouse will offer secure storage of customer bitcoin to prepare Bakkt Bitcoin Daily & Monthly Futures launch on Sept 23. Moreover, the platform will enable the physical delivery of Bitcoin with end-to-end regulated...Read More
Syrk released a cheat plan for Fortnite players. This was malware in disguise. Fortnite players were at a risk of their cryptocurrencies held as ransom. Additionally, if the players refused to pay the ransom, Syrk would delete system files after the set time completes. Emsisoft, a leading antivirus company has developed a decryptor for this...Read More
PNC Treasury Management, the United States’ eighth-largest bank, is now offering RippleNet-based cross-border payment solutions to its commercial clients. RippleNet blockchain provides a frictionless experience to send money globally within a secured infrastructure. However, PNC claims that this will help traders to receive payments from overseas buyers instantly. Also, it will transform the way they manage...Read More
On 29 August 2019 Rapyd a global Fintech services platform announced the partnership with TNG FinTech Group. Following the collaboration, Rapyd can now add TNG Wallet to its list of 500 payment methods and more than 10 GEA, an electronic payment platform. Rapyd’s global customers can accept payments from the global e-wallet users even if...Read More
The Ethereum network is close to reaching its maximum utilization. It appears, however, that one of the most heavily transacted tokens on the network is the most popular stable coin Tether (USDT). As such, the network is facing a serious issue as it may not provide enough room for developers of DApps, which is its...Read More
Nestlé to enforce full transparency has announced to pilot new blockchain technology in collaboration with OpenSC. OpenSC is an innovative blockchain platform that allows consumers to track their food right back to the farm. Initially, the program will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle...Read More
Every time Bitcoin is trading under tight range, together with a decreasing amount of volume, there will be a huge price move coming up shortly after. During the previous month, we have mentioned the 4-hour triangle formation developing and that we were expecting the breakout (either direction) to take place very soon since the apex...Read More
Ethereum has been pretty stable over this past week increasing by a total of 1%, bringing its current price to $187.57. It found support at a long term rising trend line and has remained above here since mid-August. If the bulls can hold this support, we may see a rebound. Ethereum remains the second-largest cryptocurrency...Read More
US President Donald Trump reassured that the economic situation with China is “doing very well.” The tweet came weeks after the imposition of yet another tariff imposition which saw traditional markets plunge into the red. Despite his reassurance, the overall market condition is still far from positive. Amid this economic uncertainty, Bitcoin remains relatively stable...Read More
Binance Coin struggled this week after dropping by a total of 8.51% as it currently trades at around $26.31. Throughout the week, the cryptocurrency fell beneath the 100-days EMA and a long term rising support trend line. BNB has now dropped by a total of 21% over the previous 3 months. BNB remains the 6th...Read More
Terra is a price- stable coin. It aims to become a widely used stable coin as a payment method in a blockchain payment solution. Recently, Terra has received an undisclosed sum of funding from Hash key Capital. HashKey Capital is an affiliate of the HashKey Group, a Hong Kong-based fintech company. However, the two firms...Read More
Earlier today, the CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao, posted a rather intriguing tweet, asking whether people would like to earn cryptocurrency in their sleep, hinting that something will happen on Binance today. Is Binance lending about to come to light? BNB Price Spikes Following CZ Tweet Binance Coin (BNB) is...Read More
The tight range continues to play: Over the past two days, since our recent price analysis, we saw Bitcoin keeping up the $10,000 support alive. More than that, Bitcoin didn’t break down the mentioned triangle formation. During the recent hours, we saw Bitcoin spiking up to a 5-day high – $10,805 on Bitmex (while on...Read More
Monday’s trading session introduced a fresh wave of renewed optimism as Bitcoin hit 5-days highs before pulling back down again. The cryptocurrency saw a sudden 5% increase in its price which caused a massive liquidation of shorts positions on Bitcoin margin trading exchange BitMEX. Bitcoin Price Hits 5-Day Highs A few short hours ago, Bitcoin’s...Read More
Ripple has remained pretty stagnant this past week after ‘suffering’ from a small 4% price decline, to bring the price of XRP down to $0.2694, at the time of writing. The cryptocurrency has struggled over the past 30 days after dropping by a total of 15% with a further 37% price plunge over the previous...Read More
Binance’s token launch platform, the Binance Launchpad, announced earlier today the lottery results of its most recent token sale – Perlin. Even though 86 million PERL tokens were distributed to the lucky draw winners, there was a slight wave of disappointment among the participants, as the vast majority of them didn’t win a single ticket....Read More
With many altcoins struggling gruesomely and Bitcoin rapidly usurping almost 70% of the total crypto market cap, some crypto analysts have predicted that there will not be another altcoin season until 2020. The current situation of the market today, however, may be an indication that it is time for a new altcoin season. Looking at...Read More
Over the past ten days of trading, we had seen Bitcoin trading inside a very tight price range between ~$9400 and ~$10,800 (which contains the 50-days moving average line, marked purple on the following chart). The above range is also forming a horizontal triangle pattern where its apex is getting very close – it seems...Read More
Telx Technologies, a telecommunication company, has introduced the world’s first SIM card to send cryptocurrency via text message. Instead of using a wallet addresses, the agenda is to use a phone number to identify the people involved in a transaction. Telx will provide its service to more than 180 countries. The SIM card will support...Read More
Wanchain’s (WAN) price increased by over 50% over the past two days, after a major announcement from the team behind the project. The company issued an announced that they will begin earning rewards for securing the network when the Proof-of-Stake consensus algorithm replaces the previous Permissioned Proof-of-Work (PPoW) algorithm on September 3. Following last month’s partnership with...Read More
Ethereum has managed to rebound and remain above the rising support line which we mentioned in our previous ETH analysis. The cryptocurrency has seen a 4% price rise over the past seven days, which has allowed the price of ETH to reach over $193. Even though ETH has remained above the trend line, the cryptocurrency...Read More
The controversy around Facebook’s Libra continues as some of its backers are trying to distance themselves from it. At least three of the main supporters have met in private to discuss a potential retreat from the project as the regulations experience strong resistance, as reported by the Financial Times. The severe backlash from politicians and...Read More
