Crypto news

So you bought some Bitcoin this week? How about a big red candle to celebrate Thanksgiving?After showing the fastest growth of the year, Bitcoin finally corrected, losing over $1000 in about 3 hours.At 0:00 UTC, Bitcoin was trading at $18869 on Coinbase. The price represented a breath of fresh air for traders and Bitcoin enthusiasts who were expecting a new ATH but were surprised by a downward correction on the afternoon of November 25th.Bitcoin embarked on a sharp correction, losing around...

Ethereum is currently retracting sharply from its previous and 30-month peak of $620. Even with a decline of around $100 to today’s prices of $525, ETH is still up over 300% since the beginning of the year.The confirmed genesis of the long-awaited Beacon Chain, which is Phase 0 of the even longer awaited Serenity ETH 2.0 upgrade, has no doubt driven momentum but it is not the only strong point for Ethereum.Over 5 Reasons to be Bullish on EthereumDTC Capital’s Spencer Noon has pulled out a few...

Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple...

A cryptocurrency-based cyberattack has made its way into the offices of GoDaddy, an web domain provider. The big clincher is that the company’s employees were utilized to do the job.GoDaddy Compromised; Crypto Site Traffic Misdirected2020 has been the year of many things when it comes to crypto. It’s been the year of a mega bull run in the middle of a widespread pandemic. It’s been the year for institutions getting involved in bitcoin, but it’s also been the year of cyberattacks in many ways....

PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462.Apart from the likelihood of users facing account closures for trading crypto on PayPal, the situation also brings to light some deficiencies in the company’s customer service, which may present issues for cryptocurrency owners.PayPal is...

Analysts and industry experts have been jumping back and forth about where they think the future of bitcoin lies. The currency has been booming like it never has before, jumping beyond the $18,500 line and surging to its highest position since late 2017. Some are convinced that the bull run is going to continue well into 2021, and that the asset is likely to hit a new all-time high.Bitcoin Has MaturedMore than anything, the question that’s likely on every analyst’s mind is whether things are...

It looks like everyone has been so obsessed with bitcoin as of late that people have forgotten about some of the smaller coins that the asset is known to compete with. Currencies such as Ethereum, Litecoin, Ripple’s XRP and Chainlink.Ethereum and Smaller Assets Are Also BoomingTo an extent, we can’t blame individuals for looking away considering how well bitcoin has been doing. The currency has reached its highest point in three years and is presently trading for well over $18,500. At the...

ETH/USD – Ethereum Pulls Back From $620 ResistanceKey Support Levels: $580, $560, $550.Key Resistance Levels: $600, $620, $650.Ethereum cooled off from the 33% price hike it witnessed over the past week, which allowed the coin to break $600 and surge as high as $620. There, it ran into resistance at a 1.414 Fib Extension and was unable to penetrate above it.ETH has since dropped slightly to trade near the $600 level. The buyers are attempting to defend $600. However, a pullback looks...

Global cryptocurrency exchange and digital asset management platform Bitrue has moved to strengthen the security of its daily XRP raffles by integrating Chainlink technology.Bitrue Implements Chainlink VRFChainlink’s Verifiable Randomness Function (VRF) was selected specifically by the Bitrue team to add tamper-resistant transparency to its daily random number lottery, where users can win a share of a 240,000 XRP prize pool.Using Chainlink VRF, every random number generated by users on the...

Founded in 1955, VanEck is among the world’s largest investment management firms. Its European branch, VanEck Europe, announced today the official release of an ETN, physically-backed by Bitcoin.The statement came from the company’s digital asset director – Gabor Gurbacs. He noted that releasing such a service has been a “top priority for VanEck.”The ETN will be listed on the Frankfurt-based exchange Xetra. Its price performance will reflect the MVIS CryptoCompare Bitcoin VWAP Close index,...