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Opportunity For Crypto? Major Credit Card Companies Asked To Terminate Services To Pornographic Websites

According to a recent report, a group of international campaigners and campaign groups claiming to work to tackle sexual exploitation have contacted numerous credit card companies to block payments to adult websites.If successful, this could raise the case for cryptocurrencies to replace credit and debit cards, and to serve as payment options.Credit Card Companies To Block Porn Sites?Per the BBC report from yesterday, more than ten campaigners and campaign groups have signed and sent a letter...

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Loom Network streicht die Segel

Das Loom Network hat seinen Tiefpunkt erreicht. Das Projekt war Ethereum-Centric und damit eines, welches auf Altcoins setzte. Zum Start 2018 erlebte Loom Network einen großen Hype, der die Marktkapitalisierung auf ungefähr 400 Millionen US-Dollar stiegen lies. Nun ist alles vorbei!Crypto News: Loom Network streicht die SegelOffiziell wird Loom Network noch mit einer Marktkapitalisierung von 16 Millionen US-Dollar geführt – also mit einem Drop von mehr als 95% gegenüber dem Höchststand. Doch...

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Bitcoin Nails The $10K Mark As Altcoins Keep Bleeding To Death: The Crypto Weekly Market Update

The past couple of months have been nothing but a wild ride for Bitcoin. In the middle of March, when the coronavirus started to spread in the Western World, and markets reacted swiftly, BTC lost more than 40% and tumbled to $3,600. Now, less than two months later, the price is not only fully recovered but also touched $10,000 for the first time since February.A lot of experts thought that the recovery from the March lows would be prolonged and slow, but the fact of the matter is that Bitcoin...

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Bitcoin Cash Analysis: Uptrend Intact Above $235-$240

Bitcoin cash price started a downside correction after testing the $275 resistance against the US Dollar.The price declined below the $260 support, but it stayed above the $235-$240 support zone.There is a major bullish trend line forming with support near $244 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to resume its upward move as long as it is above the $235 support.Bitcoin cash price is trading in a positive zone above the $240 level against the...

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Amun Releases New Token Designed to Alleviate BTC Losses

A company has released a new token that allows people to earn gains whenever bitcoin falls. The company is a Swiss blockchain enterprise known as Amun, and it seeks to provide customers a chance to earn money whenever bitcoin undergoes “inverse price movements.”Amun Has Released an Interesting Token ProductThe token is based on an exchange-traded product (ETP) that was released by Amun back in January. In an announcement, the company explains:Typically, these purchases are short-term in...

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Bitcoin Price Was $0.003 Exactly 10 Years Ago In Its First Days Of Trading

Bitcoin has come a long way since it was first introduced to the world when its pseudonymous creator Satoshi Nakamoto published the whitepaper. In its first days of trading in 2010, BTC had a price of around $0.003.To those who have been in the market long enough, this price seems like that of many altcoins with an ambiguous background. However, at the time of this writing, Bitcoin trades at around $9,300, charting an unprecedented increase in the past decade.Bitcoin Was $0.003 10 Years...

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EOS Price Analysis: Can $2.60 Produce A Fresh Rally?

EOS price started a major downside correction from the $3.121 high against the US Dollar.The price traded below the $3.000 and $2.800 support levels.There was a break below a major bullish trend line with support near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is currently holding a crucial support at $2.600, which holds the key in the near term.EOS price is consolidating above a few important supports against the US Dollar, while bitcoin is rising. The...

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Litecoin (LTC) Price Analysis: Downside Thrust Before Fresh Increase?

Litecoin price started a downside correction from the $50.00 resistance against the US Dollar.LTC price declined below the $48.00 support and it is currently consolidating near $45.00.There was a break below a major bullish trend line with support near $46.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could spike towards the $4.50 support area before it might start a fresh increase.Litecoin price is slowly moving lower towards key supports against the US...

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Second Class-Action Suit Is Filed Against Ripple

Ripple is facing a heavy bout of trouble. The company has had another lawsuit filed against it by a company that virtually no one in the cryptocurrency community has heard of.Ripple Is Facing More Legal TroubleThe crypto firm is currently facing another class-action lawsuit from the likes of Bitcoin Manipulation Abatement LLC. The case was filed on May 1 in a U.S. federal district court against both Ripple and its CEO Brad Garlinghouse. Documents pertaining to the case alleged that...

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Ukraine Might Use Excess Electricity From Nuclear Power Generation For Cryptocurrency Mining

Merely days ahead of the Bitcoin halving, Ukraine and Iran are taking steps into expanding mining services within their borders.Ukraine plans to utilize excess nuclear power, while the Asian country has granted a license to a Turkish company to operate up to 6,000 mining rigs in Semnan.Nuclear Power Utilized For Crypto Mining?The Ukrainian Ministry of Energy and Environmental Protection recently published a press release outlining the possibility of adopting cryptocurrency mining soon....

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