Many people have been switching their stances on bitcoin as of late. The currency has done so well this year and come so far that many naysayers have suddenly turned into big fans, and it looks like another one has been turned. The person who is suddenly pushing bitcoin is an economist named Nouriel Roubini, who in the past, has been rather unkind to the asset.Roubini: Maybe BTC Isn’t So BadBitcoin has more than tripled since March. At the time, the asset had fallen below the $4,000 mark,...
Read More »Moderna COVID-19 Vaccine News Sends Bitcoin To a New 2020 High
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all trading in the green following Monday’s market open. That’s not all, however, as bitcoin’s price is also on the rise, charting a new 2020...
Read More »Ethereum Price Analysis: ETH Facing Huge Resistance On Its Way To $500
ETH/USD – Ethereum Stalled By September High-Day Closing Price Key Support Levels: $445, $439, $430.Key Resistance Levels: $462.50, $475, $490. Etheruem reached as high as $475 last Friday, where it hit the resistance at the September high-day close. From there, it headed lower over the weekend, which was largely due to Bitcoin dropping back beneath the $16,000 level and some divergence playing out that we highlighted in the last analysis. As a result, Ethereum fell as low as...
Read More »IBM Enters a Blockchain-Focused Partnership Aimed at the Clothing Industry
Tech giant IBM is partnering up with the textile company KAYA&KATO to create a blockchain-based network to track sustainable clothing production. The platform is to bring transparency to the creation process of the product. A Blockchain Network For The Fashion Industry And Eco Production The new partnership between IBM and KAYA&KATO will also be supported by the German Federal Ministry for Economic Development (BMZ). According to an official announcement, the...
Read More »KuCoin To Launch A Non-Fungible Token (NFT) Exchange
Hong Kong-based cryptocurrency exchange KuCoin aims to enter the non-fungible token market as its liquidity trading platform Pool-X will open deposits of NFT assets starting November 16th. Pool-X will launch an exchange platform designated for NFT tokens in the upcoming months. KuCoin To Launch An NFT Exchage According to the announcement from earlier today, the Pool-X platform will open the deposit services of Dego.Finance NFT assets from November 16th. Withdrawals will...
Read More »Stellar Lumen (XLM) Price Trading Near Inflection Zone At $0.080
Stellar lumen price is still struggling to gain pace above $0.0850 and $0.0860 against the US Dollar.XLM price is holding the key $0.0780 support, but it is below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.0832 on the 4-hours chart (data feed via Kraken).The pair could either decline sharply below the $0.0780 support or start a sharp rise towards $0.0900.Stellar lumen price is trading near a major support at $0.0780 against the...
Read More »#1014 US-Senatorin Bitcoin Diskussion, Bitcoin Cash Chain Split & Chainalysis US-Regierung Bitcoin Verkauf
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1014. Im heutigen Video geht’s um folgende Themen: US-Senatorin will Bitcoin in die Mitte der Gesellschaft rücken, Bitcoin Cash Chain Split & Chainalysis US-Regierung Bitcoin Verkauf. 1.) US-Senatorin will Bitcoin in die Mitte der Gesellschaft rückenhttps://bitcoin-kurier.de/us-senatorin-will-bitcoin-in-die-mitte-der-gesellschaft-ruecken/ 2.) Bitcoin Cash Has Split Into Two New Blockchains,...
Read More »Market Watch: Bitcoin Gained $500 Since Yesterday, Heading to 2020’s High
Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of $16,500. After conquering this significant milestone, however, the primary cryptocurrency slumped. The weekend didn’t produce any...
Read More »Ripple Price Analysis: More Upsides Likely Above $0.275
Ripple price started a strong increase above the $0.2600 and $0.2650 resistance levels against the US dollar.The price rallied towards the $0.2780 level and settled well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2650 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid and it seems like the bulls are eyeing more gains above $0.2750 and $0.2780.Ripple price is gaining pace above the...
Read More »PayPal Gives All US Customers Access to Crypto Service Options
PayPal is clearly moving as quickly as it can. Just a few weeks ago, the company announced that it was changing its platform so that users could potentially purchase cryptocurrencies such as bitcoin and Ethereum. In addition, customers could also pay for items and services utilizing digital assets.PayPal Removes All Recent RestrictionsWell today, it looks like all of PayPal’s cryptocurrency services are being made available to all customers in the United States, suggesting that the company is...
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