The head of Tron Foundation Justin Sun publicly announced on Wednesday that he is going to grant $1 million to the young Swedish activist Greta Thunberg’s attempts to raise global awareness of climate change.Sun’s announcement came as a response to last week’s COP25 UN climate conference in Madrid that ended with no deal on carbon markets. The negotiations are postponed until next year when countries will have to come up with more ambitious goals to cut greenhouse gas emissions, in order to...
Read More »Ripple Price Analysis: XRP’s Collapse Continues To $0.183, How Much Lower Can It Go?
XRP dropped by a precipitous 18% this week, causing it to drop beneath $0.20 to reach $0.1830.Against BTC, the coin finally broke beneath the 3000 SAT support after weeks of struggling to hold the area.This latest price drop has caused XRP to create fresh multi-year lows not seen since December 2017.Key Support & Resistance LevelsXRP/USDSupport: $0.181, $0.17, $0.167. Resistance: $0.185, $0.19, $0.20.XRP/BTC:Support: 2710 SAT, 2530 SAT, 2455 SAT.Resistance: 2752 SAT, 2900 SAT, 3000...
Read More »After IPO Canaan’s Stock Loses about 35% of Its Value
In what has been seen by many as a travesty of sorts, major cryptocurrency equipment manufacturer Canaan Creative has seen its stock decline sharply in the past 17 out of 21 trading sessions. Sources indicate that Canaan’s stock hasn’t fared well as many would have hoped. Just to remind you, the company at its IPO was valued at $1.3 billion. The company’s stock has lost about 35% of its value this week. Since the late November shares have tumbled indicating that the company wasn’t as valuable...
Read More »The Bearish Sentiment: 70% Think Bitcoin’s Bottom Is Below $6,000
Bitcoin and most altcoins have marked a few consecutive days of negative price action. In a recent poll regarding Bitcoins’s potential bottom, over 70% of voters said that it would be below $6,000. Additionally, the Fear and Greed Index is dropping daily, further confirming the negative sentiment among the community.Where Will Bitcoin Bottom?One of the most prominent cryptocurrency analysts conducted a Twitter poll regarding Bitcoin’s bottom. The community had four options to choose from,...
Read More »Ethereum Long-Term Outlook: Accumulation Territory at $100 Looks Tenable
Recently, Ethereum has been deliberately following Bitcoin‘s price activity, which generally shows a selling sentiment.Both BTC and ETH are currently exchanging at critical support levels, and any more shortcomings in the short term could lead to huge capitulation selling, which could lead to a drop in the cryptocurrency.Analyzing Ethereum, experts note that the basic level of support is $140 and that a break below this level is leading to a fall in ETH by more than 30% and focus may be on...
Read More »Kraken Acquires Circle Trade OTC Desk as Circle Focuses on Its Stablecoin
According to an official blog post published yesterday, Kraken has acquired Circle Trade – Circle’s over-the-counter (OTC) platform. The statement says that Kraken sees Circle Trade as “one of the most recognized OTC desks in crypto” and the team is very excited about the acquisition.The statement also includes further details expected from the acquisition. Firstly, the company expects that the fact that its services would now be expanded and a lot more capable will attract new trading...
Read More »BitGo Users Can’t Receive Bitcoin SV (BSV) After February Genesis Hard Fork
With the Genesis hard fork on the Bitcoin Satoshi’s Vision (BSV) network scheduled to take place on February 4, 2020, California-based cryptocurrency management company, BitGo has announced that its BSV wallets will not be able to receive BSV transactions after the update due to compatibility issues.What Changes Will Bitcoin SV’s Genesis Bring?The Genesis hard fork will reportedly resolve several problems on the BSV protocol such as addressing scalability issues, sunsetting of...
Read More »ErisX Launches Its Physically-Settled Bitcoin Futures to Compete Bakkt
In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading today onwards from 8:00 a.m. Central Time (14:00 UTC). As per CoinDesk, ErisX’s Bitcoin futures will trade alongside its existing cryptocurrency...
Read More »Cardano (ADA) Price Analysis: Can Bulls Protect $0.0300?
ADA price is under a lot of pressure below the $0.0350 level against the US Dollar.The price is down more than 10% and it traded close to the $0.0300 support.There is a major bearish trend line forming with resistance near $0.0355 on the 4-hours chart (data feed via Kraken).The price could recover in the near term as long as it is above the $0.0300 support.Cardano price is in a strong downtrend against the US Dollar and bitcoin. ADA price could correct higher, but the $0.0330 and $0.0350...
Read More »De la valeur du bitcoin
En attendant la vidéo de la conférence sur les enjeux de Libra qui s’est déroulée lundi à l’Université Panthéon-Sorbonne (et lors de laquelle on aura beaucoup parlé de Bitcoin), voilà un petit extrait d’un échange entre Jean-Pierre Landau, ancien sous-gouverneur de la Banque de France et auteur du rapport au ministre de l’Économie sur les cryptomonnaies, et William O’Rorke, associé chez ORWL Avocats et représentant du pôle juridique...
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