Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.After the coronavirus outbreak, the market has become as volatile as never before. Yesterday, it rebounded after the crash on Monday, but it was not out of the woods yet. Today, U.S. stock futures dropped sharply, suggesting more volatility when trading began Wednesday, following two roller-coaster days on Wall Street. Dow Futures slide 700 points, rolling...
Read More »Cardano (ADA) Price Analysis: Upsides To Remain Capped Near $0.045
ADA price extended its decline below the $0.0450 and $0.0420 support levels against the US Dollar.The price traded as low as $0.0391 and it is currently consolidating losses.There is a major bearish trend line forming with resistance near $0.0470 on the 4-hours chart (data feed via Kraken).The price could correct higher in the short term, but it is likely to face sellers near $0.0460.Cardano price is following a downtrend below key supports against the US Dollar and bitcoin. ADA price could...
Read More »March Madness 2020 Comes Early: Changelly’s Eric Benz on Coronavirus and Market Headwinds
The drastic plunge has raised questions about Bitcoin (and other cryptos) viability as a stable asset and correlation to traditional markets. Changelly CEO Eric Benz has shared his views on this issue.In a month that is usually remembered for the dramatics it delivers on the basketball court, thanks to the coronavirus and what seems to be a developing oil war, March madness has emerged in markets across the world. The U.S. and UK stock markets posted their worst losses for a single day since...
Read More »Ethereum Issues Fat Brands Securities Via Blockchain
Last year, Live Bitcoin News reported that Fat Brands – a restaurant corporation that owns the popular burger chain Fatburger – was tokenizing a new bond offering with the help of the Ethereum blockchain.Fat Brands and Ethereum Make Digital Magic HappenNow, that offering is available in the form of $40 million worth of ETH-based securities. DBRS Morningstar, a company that rates investments, is passing its judgement on the new offering. The sentiment is positive as according to the company’s...
Read More »Belgium Is Set to Sell Several BTC, BCH Units Through Wilsons Auctions
Belgium has decided to auction off several bitcoins it has in police storage.Belgium Is Set for a Bitcoin AuctionThis is a tactic that has been utilized time and time again and will likely continue so long as criminals seek to perform activities utilizing bitcoin. Several of these bitcoin auctions occurred years ago after the fiasco involving Ross Ulbricht, the alleged creator of the black-market website Silk Road. The U.S. Marshals service sold off several of the bitcoins held in Ulbricht’s...
Read More »Bitcoin Has Crashed Alongside Stocks and Oil; Falls to $7,600
Bitcoin has come to a crashing, screeching halt.Bitcoin Crashes, Loses All Its 2020 GainsAt the time of writing, the world’s number one cryptocurrency by market cap has fallen into the $7,000 range and is now trading at a measly $7,600. All the gains it’s made this year have been erased from the trading board. As fears of the coronavirus turn into a global panic, bitcoin and its altcoin cousins – along with several other market tools, such as oil, bonds and stocks – are all paying the...
Read More »Bitcoin SV Blase könnte am 12. März platzen
Die nächste Runde im Gerichtsprozess um den Erfinder des Bitcoin SV Craig Wright steht bevor. Doch dieses Mal könnte es die letzte sein. Bis zum 12. März forderte der Richter im Prozess Wright auf, die notwendigen Dokumente vorzulegen, die unter anderem seine Identität als Satoshi bestätigen könnten.Crypto News: Bitcoin SV Blase könnte am 12. März platzenCraig Wright hatte mehrfach behauptet, er sei Satoshi Nakamoto, wodurch der Bitcoin SV Kurs deutlich anzog – als Satoshi habe er die...
Read More »Ripple’s XRP Major Supporter Tiffany Hayden Sells All of Her XRP Holdings
Tiffany Hayden is known as a major XRP supporter but she has sold off all her XRP holdings, citing bullying in the larger XRP community.The self-proclaimed Ripple‘s XRP CEO Tiffany Hayden has ditched her position on grounds of being bullied by the XRP community. In a series of tweets, she explained her experience ever since she began complaining about some flaws with the system, where the XRP community was harsh on her.According to the tweets, Hayden, who was considered a major supporter of...
Read More »Bullish For Crypto? WHO Encourages More Contactless Payments Amid The Spreading Coronavirus
The coronavirus outbreak has pushed some world central banks to quarantine physical cash bills. The World Health Organization (WHO) encourages the adoption of contactless payments. As such, it raises a legitimate question – could cryptocurrencies seize this opportunity to receive a larger market share for online payments?Caution On Physical BillsThe COVID-19 (coronavirus) outbreak continues to escalate. The number of confirmed cases worldwide exceeds 110,000. The serious effects on people’s...
Read More »Tron (TRX) Price Analysis: Downtrend Intact Below $0.018
Tron price remained in a bearish zone below the $0.0180 pivot level against the US Dollar.TRX price traded as low as $0.0141 and it is currently correcting higher.There is a key bearish trend line forming with resistance near $0.0175 on the 4-hours chart (data feed via Bitfinex).The price could correct a few points, but it is likely to struggle near $0.0164 and $0.0175 in the near term.TRON price is trading in a major downtrend against the US Dollar, similar to bitcoin. TRX price is likely to...
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