The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience.Coinbase Becomes Visa Principal MemberAccording to an official release, the San Francisco-based cryptocurrency exchange has managed to get approval for becoming a Visa principal member.Supposedly, Coinbase is the first company in the...
Read More »Bitcoin Completes $700 Gains In 24 Hours: Wednesday Crypto Market Watch
The past several days have been somewhat turbulent in the cryptocurrency space. Bitcoin, for instance, plunged to $9,400 on Monday, traded around $9,600 yesterday, and gained about $700 in the past 24 hours alone, before settling at $10,150 where it currently stands.BTCUSD 1h. Source: TradingViewOn its way down, the significant support level of $9,400 stopped BTC. If Bitcoin is to fall again, $9,770 should be the first considerable obstacle now.Alternatively, the $10,400-$10,500 resistance...
Read More »Cardano (ADA) Price Analysis: Fresh Increase Above $0.065 Likely
ADA price found support near the key $0.0560 and $0.0550 levels against the US Dollar.The price recently recovered and climbed above the $0.0600 resistance area.There is a key contracting triangle forming with resistance near $0.0640 on the 4-hours chart (data feed via Kraken).The price must climb above the $0.0640 and $0.0650 resistance levels to start a fresh increase.Cardano price is slowly gaining pace above $0.0600 against the US Dollar, similar to bitcoin. ADA price is likely to...
Read More »Ripple’s XRP Price Can Reach $1 in 2020, Expert Claims
It is expected that Ripple’s XRP, the top cryptocurrency by many adoption rankings, could gain two-thirds of its current price as we are getting closer to the beginning of 2021.On February 16, XRP price did a move back to $0.26 per one coin. However, the token almost recovered to the $0.30 mark, yet then the price rolled back, reaching $0.29 at the time of writing. The community supports the coin more than ever. Some experts blow up Twitter follower’s hats off with crazy predictions. They say...
Read More »Crypto Platform Leader Explains How Bitcoin Is Manipulated
Bitcoin has dropped approximately $800 over the past week, and many are starting to wonder if the currency has lost its momentum.Could Bitcoin Be Manipulated Again?For the past several days, bitcoin has been trading below the $10,000 range. It’s unclear, specifically, what could be causing the currency to lose its footing. Perhaps fears of the coronavirus are settling down. Perhaps the cryptocurrency has lost some popularity. In any case, Changpeng Zhao – the CEO of Binance in Malta – states...
Read More »Tron (TRX) Price Analysis: Bulls Facing Uphill Task
Tron price traded to a new 2020 high at $0.0268 before correcting gains against the US Dollar.TRX price declined below the $0.0235 support and recently tested $0.0200.There was a break below a key bullish trend line with support near $0.0225 on the 4-hours chart (data feed via Bitfinex).The price is currently rising, but it is likely to face a strong resistance near $0.0235.TRON price is likely to resume its upward move against the US Dollar, similar to bitcoin. However, TRX price must clear...
Read More »Ethereum Price Analysis: ETH Bulls Eyeing Crucial Break Above $300
Ethereum price corrected lower below $260 and $250 against the US Dollar.ETH price found support near the $236 level and it recently bounced back above $265.There is a major bullish trend line forming with support near $248 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher if it clears the $274 resistance area.Ethereum price is showing many bullish signs above $250 against the US Dollar. ETH/USD might aim a key upside break above the $300 resistance in the...
Read More »Coinbase Allows Retail Players to Accept Dai As a Means of Payment
Coinbase is looking to make it easier for retail merchants to accept cryptocurrencies as means of payment.Coinbase and Dai Working to Bring Retail ChangeThis week, the company announced that it had integrated Dai – a cryptocurrency released by Maker DAO – into its Coinbase Commerce retail merchants’ division, so that stores and similar business establishments could accept Dai in the future as payment for goods and services. Companies on platforms like Shopify and WooCommerce are now eligible...
Read More »Ripple CEO Says in an Interview with CNN that There Can’t Be One Winner in Crypto Space
In the interview with CNN, Ripple CEO Brad Garlinghouse answered a number of questions on the issues that are widely discussed in the crypto community. He also said that his words about IPO in 2020 were misquoted.Recently, Ripple CEO Brad Garlinghouse has given an interview to CNN anchor and correspondent Julia Chatterley. On February 17, it was published. Through her official twitter page, Chatterley posted the whole interview for her followers and the crypto community at large to get to...
Read More »IOTA Wallet Attack Results in $1.6 Million in Stolen Funds
It’s happened again, folks. Another cryptocurrency hack is in the books, and this time, the victim is IOTA, the 23rd largest cryptocurrency by market cap.The IOTA Foundation Is Working to Stop HackersThe IOTA Foundation has decided to shut down its entire network (albeit temporarily) following a simple wallet hack in which attackers walked off with millions in crypto funds. The event is reported to have occurred last Wednesday on February 12. On Twitter, the Foundation released the following...
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