Crypto news

Ripple price started a fresh increase after it cleared the $0.2500 resistance against the US dollar.The price is now trading well above the $0.2520 pivot level and the 55 simple moving average (4-hours).There are two bullish trend lines forming with support near $0.2520 and $0.2480 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to start a fresh rally if it clears the $0.2590 and $0.2600 resistance levels.Ripple price is trading is a bullish zone above...

Uh oh… Does the new relationship between PayPal and bitcoin come with a catch or two?What Kind of Trick Is PayPal Pulling?Earlier in the week, PayPal announced that it would allow users to purchase items and services with cryptocurrencies such as bitcoin, bitcoin cash and Litecoin. The crypto world celebrated the news and took it as a sign of bitcoin’s growing mainstream status. They were now being given permission to use bitcoin in one of the world’s biggest financial settings, and nothing...

More than a week ago, Japan’s central bank announced that it would begin testing its digital currency next year. This is coming a few months after the bank formed a new research team to accelerate its research on the feasibility of a digital currency in the country. BOJ Needs Public Support More reports surfaced that Japan has no immediate plans to launch a digital currency. However, a senior BOJ official in charge of looking into the possibility of launching a CBDC made a...

It’s always good to see bitcoin gain a new fan, and that’s what seems to be happening with JPMorgan, which at one time, was run by a man who didn’t care for the cryptocurrency. In a recent press release, the company explained why bitcoin was a better alternative currency than gold and why it was more prepared to compete in the financial world.JPMorgan Thinks Highly of BTCJPMorgan is under the control of a man named Jamie Dimon, who in the past, has said some rather derogatory things about...

Bitcoin has finally done it. After months of waiting, the world’s number one cryptocurrency by market cap has surged past the $13,000 line. The currency has been making its way towards this figure for the past several days following an announcement by PayPal that users can now utilize crypto to purchase goods and services, and the news has had positive impacts on cryptocurrency everywhere.Bitcoin Is Again Reaching the TopBitcoin is now trading for its highest position in over a year, and many...

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on...

Ripple board member and a close family friend of US President Donald Trump, Ken Kurson, has been arrested following allegations of cyberstalking. According to the New York Times, Kurson has stalked and harassed a total of five victims, including his ex-wife. He was reportedly most vicious against a friend of his ex-wife, whom he blamed for his divorce. He used pseudonyms to contact the hospital she worked and sent fraudulent emails claiming that she had an affair with her...

Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion. Bitcoin To Yet Another 2020 High CryptoPotato reported a few days ago that the primary cryptocurrency exceeded the August 2020 high of about $12,500 and reached $13,200. What followed was a slight retracement to...

Starting by looking at the bigger picture, Bitcoin price had made a remarkable run since October began, gaining almost $3000 to its value. Looking at the following long-term weekly chart, we can see this week’s greenish candle that will be closed later today. From a technical point of view, as long as the candle close price is above the $12,500 area (previous high) – we can safely say that BTC is on a healthy uptrend. BTC/USD weekly. Chart by TradingViewThe Good and The Bad:...

It was recently announced that mega online payments firm PayPal would now allow users to purchase both goods and services with bitcoin and other forms of cryptocurrency. Some have called this news huge, such as Mike Novogratz, who believes that bitcoin is about to march deeper into mainstream territory.Some Say “So What” About PayPal Permitting BTCFor others, however, while the news is ultimately positive for bitcoin and the digital payments community, they don’t consider it a huge...