U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.The United States Democratic party said it is working on a big stimulus bill in response as an answer to the coronavirus epidemic and its economic impact. A version of the bill is dated March 22 and it has been circulating includes a passage that, if passed, would lead to the creation of a “digital dollar” to be...
Read More »Tron (TRX) Price Analysis: Bulls Aiming Crucial Upside Break
Tron price is currently rising and it is trading above the $0.0100 resistance against the US Dollar.TRX price is likely to surge if there is an upside break above the $0.0120 resistance.There is a key bearish trend line forming with resistance near $0.0115 on the 4-hours chart (data feed via Bitfinex).The price could dip a few points, but it is likely to find support near the $0.0105 level.TRON price is showing a few positive and recovery signs against the US Dollar, similar to bitcoin. TRX...
Read More »Altcoins Like Ethereum And Ripple Losing Their BTC Value As Bitcoin Dominance Surging To 2-Months High
Amid the latest price developments in the cryptocurrency market, Bitcoin’s dominance has increased to over 66%. Most alternative coins are in the red when compared to BTC’s 13% surge in the past 24 hours.BTC Dominance RisesBTC’s dominance index tracks the relative share of Bitcoin in the entire cryptocurrency market. During the numerous cycles over the years, it had swung from above 95% in the early years to below 33% in January 2018.The extreme levels of volatility in the past few weeks also...
Read More »Bitcoin SV von Troll Minern übernommen
Ein unbekannter Mining Pool hat die Mehrheit der Hash Power des Bitcoin SV Netzwerks übernommen. Als hätte der BSV nicht schon genug Probleme, könnte nun auch noch eine „Emergency Fork“ erfolgen. Der Kurs blieb bisher jedoch überraschend stabil und profitierte von einer allgemein positiven Kursbewegung des Marktes in den vergangenen 24 Stunden.Crypto News: Bitcoin SV von Troll Minern übernommenGestern tauchten die Troll Miner auf, die das Netzwerk des Bitcoin SV übernahmen. Die Hash Power...
Read More »Ethereum Price Analysis: ETH Eyeing Key Upside Break Above $140
Ethereum price is gaining traction above the $120 and $125 resistance levels against the US Dollar.ETH price is likely to grind higher towards the $155 and $160 resistance levels.There is a major bearish trend line forming with resistance near $137 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but dips remain well supported near the $122 and $120 levels.Ethereum price is showing positive signs above $135 against the US Dollar. ETH/USD must surpass $137 and $140...
Read More »Steem’s Hard Fork Hive Facing Legal Issues From A Canadian Blockchain Company
Steem’s hard fork, HIVE, will have to deal with legal issues only days after its creation. According to an announcement from earlier today, a Canadian blockchain company with the same name had filed a cease and desist letter to the new network.HIVE’s Name IssuesAfter the controversy between Justin Sun and Steem spiraled on, the latter’s community members decided to launch a new blockchain dubbed HIVE. To do so, they implemented a hard fork of the existing Steem code on Friday.While the fork...
Read More »Ripple’s XRP Is Not Used by Intermex for Its Mexican Remittances
Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...
Read More »MoneyGram 2019 Annual Report: $11.3 Million XRP Sold during Partnership with Ripple
In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured...
Read More »Stellar Lumen (XLM) Price Facing Key Hurdles Near $0.040 and $0.045
Stellar lumen price recovered above $0.0400, but it failed near $0.0450 against the US Dollar.XLM price is currently declining and it is struggling to stay above the $0.0360 support.There is a key bearish trend line forming with resistance near $0.0400 on the 4-hours chart (data feed via Kraken).The pair is likely to extend its decline as long as it is trading below the $0.0450 pivot.Stellar lumen price is trading in a bearish zone against the US Dollar and bitcoin. XLM price is likely to...
Read More »Ripple Price Analysis: Downtrend Intact Below This Key Resistance
Ripple price is currently struggling to clear the $0.1650 and $0.1700 resistance levels against the US dollar.The price is now trading below $0.1550 and it is likely to extend its decline.There is a key bearish trend line forming with resistance near $0.1600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only surge higher if there is a clear break above the $0.1600 and $0.1700 levels.Ripple price is trading in a bearish zone below $0.1700 against the US...
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