The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin.Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin KeysNigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business email compromise (BEC) schemes. He targeted employees of two Chicago-based firms and manipulated them to conduct...
Read More »Bitcoin Price Analysis: Bulls Break Critical Level, Next Stop $10,000?
A close above the critical level of $9,300 on today’s daily candle would put the primary cryptocurrency in an excellent position for another retest of the main psychological barrier at $10,000 (but hey, there is some resistance in between!).There is likely to be a lot of intense selling pressure at this point, however, as this particular level has already forced back two breakout attempts in the last ten days (see the 4-hour chart below).The $9,300 resistance will need considerable volume to...
Read More »Elon Musk and Tesla Move Beyond Bitcoin’s Stature
Tesla – the car company brought to fruition by South African entrepreneur Elon Musk – now has a total market cap exceeding bitcoin, the world’s number one cryptocurrency by market cap.Elon Musk Sees His Company Grow to New HeightsThe news broke on July 2 when Tesla shares soared following a report that the company had sold more than 90,000 individual vehicles during the second quarter of 2020, well beyond any analyst’s expectations. The car company is now slated to move up into “Amazon...
Read More »Bitcoin Art: Famous Red Jester Painting Recreated to Reflect QE and Fiat Issues
Pascal Boyart, an artist from France who became popular in the cryptocurrency community through his paintings, has finished yet another mural.This one depicts the famous Red Jester but with a twist to reflect the current problems that riddle the global economy.“Contemplation of the Red Jester”The Bitcoin community’s favorite artist, Pascal Boyart, took it to Twitter today to announce that he has finished yet another mural painting.“Contemplation of the Red Jester”July 20203,50 x 6m.Rue de...
Read More »Cyber Kebab Biel: Innovatives Kebab Bistro setzt auf Krypto
Bitcoin Biel: Innovatives Kebab Bistro setzt auf Krypto Cyber Kebab in Biel macht seinem Namen alle Ehre. Ursprünglich rührt der Name daher, dass das Lokal eigentlich als Internetcafé gedacht war. Daraus wurde nichts und man machte mit dem bekannten Dürüm auf sich aufmerksam. Värdex Krypto ATM Mit dem neuen Värdex Krypto ATM steht jetzt allerdings doch ein Gerät in dem Bistro,...
Read More »Winds of Change? Ripple (XRP) Records 3-Week High Against Bitcoin (Price Analysis)
XRP saw a sharp 6% price rise over the past 24 hours to bring it to $0.186.Before this, XRP was trading sideways along with the support at $0.175.Against Bitcoin, XRP rebounded from 1900 SAT to reach 2000 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.195, $0.20, $0.21.XRP/BTC:Support: 1950 SAT, 1900 SAT, 1890 SAT.Resistance: 2050 SAT, 2100 SAT, 2200 SAT.XRP/USD: XRP Bulls Finally Wake UpXRP fell beneath a descending triangle pattern toward the...
Read More »Currency.com Tokenized Exchange Is Now Licensed In Gibraltar
Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar.News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets.Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the cake and the prelude to entering new crypto-friendly markets.Having obtained the distributed ledger technology license from...
Read More »TRON Price Analysis: TRX Looking For More Gains After Surging 8% Today
The price jumped to $0.0178, following a 6% growth over the last 24-hours.Against Bitcoin, TRX broke out and slowly gained momentum after staying bearish for five months.TRX/USD: Tron Charges Back At March’s Resistance Key Resistance Levels: $0.0186, $0.0215, $0.023Key Support Levels: $0.0168, $0.0149, $0.014TRX/USD. Source: TradingViewAfter establishing a three-weeks low around $0.015, Tron bounced back and started to show signs of strength again. The increase became noticeable as it...
Read More »Last Time Bitcoin’s 10-Day Realized Volatility Was So Low Was Before the Nov-18 Crash To $3200
The popular cryptocurrency data analytics and trade execution service skew outlined an exciting comparison between current realized volatility levels and those before the crash to $3,200 back in November 2018.Bitcoin’s 10-Day Realized volatility at 20%According to information from skew, Bitcoin’s 10-day realized volatility is currently sitting at 20% – a figure that’s historically very low.The company makes an analogy and relates the metric to Bitcoin’s price:Bitcoin ten days realized...
Read More »Stellar Lumen (XLM) Price Eyeing Upside Break above $0.068
Stellar lumen price recovered nicely after a sharp decline and settled above $0.0620 against the US Dollar.XLM price is currently consolidating above $0.0650 and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.0670 on the 4-hours chart (data feed via Kraken).The pair could start a fresh rally if it breaks the $0.0670 and $0.0680 resistance levels.Stellar lumen price is trading in a positive zone against the US Dollar and bitcoin. XLM...
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