Crypto news

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – is a big fan of bitcoin and many of its crypto cousins, but even he says there are limits to what people can and should be doing. Elon Musk: Make Sure You Invest with Caution Prior to gearing up for his performance on “SNL” as the guest host, he sat down with CNBC and gave his thoughts on some of the big things happening in the world of crypto right now. The man has made...

The significant rise of the altcoins in price and popularity has raised concerns among South Korean officials. The nation’s bank association has advised its members to investigate the rapidly growing number of alternative coins available for trading on crypto exchanges. South Korea Warning for Altcoins Although bitcoin is well in green since the start of the year, 2021 is so far going towards the altcoins. Multiple coins have skyrocketed in value in recent months, leading to...

Morgan Creek Capital Management’s CEO believes Bitcoin’s price can skyrocket to $250,000 in the next five years. He opined that many investors underestimate and ignore the potential of the primary cryptocurrency. Bright Future for BTC Bitcoin saw some turbulent times in recent weeks after reaching an ATH of almost $65,000 in the middle of April. And while the current value of the digital assets has been struggling below $60K, Mark Yusko envisions a significantly more...

Andrew Bailey is the governor of the Bank of England, and apparently, he does not like bitcoin very much. Andrew Bailey: Not Bitcoin’s Biggest Fan In a recent interview, Bailey trashed bitcoin and its altcoin cousins, and said that investors should only take the risk of putting their money into digital assets granted they are willing and able to lose it all at a moment’s notice. Discussing cryptocurrencies, he stated: They have no intrinsic value. That does not mean to...

The trend of giant banks developing crypto services is expanded beyond the US with Switzerland’s UBS Group AG. The institution plans to enable its wealthy customers exposure to digital asset investments later in the year. By citing people familiar with the matter, Bloomberg reported that UBS Group AG is in the “early stages of planning to offer wealthy customers digital currency investments.” The bank, based in Zurich, Switzerland, with over $1 trillion in Assets Under...

[Press Release – Panama, 10th May, 2021] The public company ILUS International Inc., and Toto Capital announced that their native coin, ILUS, is currently in their presale. The ILUS coin is the world’s first recognized coin to contribute towards a safer and more sustainable world, while also providing incentives and upside to ILUS coin holders. While the ILUS Group of Companies manufactures and distributes proprietary emergency response and life safety equipment and services...

Michael Saylor, co-founder, and CEO of the business analytics company MicroStrategy believes it is not wise to bequeath the trendy cryptocurrency Dogecoin to your grandchildren. In comparison, he outlined BTC’s potential and breached the significant differences between the primary cryptocurrency and the meme token. Saylor Warns About Dogecoin Investments In a recent interview, MicroStrategy’s leader – Michael Saylor – touched upon Elon Musk’s recent tweets and public...

After reaching today’s high of $59,600 according to bitstamp, Bitcoin reversed back into the rising wedge it is currently trading inside as can be seen on the following 4-hour chart. BTC performed well over the weekend as it broke above a descending trend line on Saturday, and climbed above the Feb 2021 highs of $58,355, however, yesterday’s daily close was below the significant resistance area. As mentioned above, today’s current high is the upper boundary of an ascending...

Stellar lumen price started a fresh increase above the $0.5500 resistance zone against the US Dollar. XLM price is now trading well above $0.6000 and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.5800 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6800 and $0.7000 resistance levels. Stellar lumen price is gaining pace above $0.5500 against the US Dollar,...

Ripple price started a steady increase and it tested the $1.75 resistance against the US dollar. The price is now consolidating above $1.50 and close to the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.58 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.58 and $1.60. Ripple price is struggling to stay above the $1.50...