Crypto news

The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining.Immediately after that, Bitcoin retraced to about $9,000 before finding support and bouncing off to where it currently trades at around $9,200. The thing to consider about the movements is that they coincided with respective...

New evidence suggests that if institutional players and mega investors all put at least one percent of their earnings into the world’s leading digital currency by market cap, the asset would reach the $50,000 mark within a relatively short period.Institutional Players Can Push BTC to the StarsOne of the big things that many analysts say is lacking in the crypto space is the presence of institutional players. While their strength in the space is growing every day, their activity and behavior...

Recently, Live Bitcoin News reported that platforms like PayPal and Venmo were looking to potentially offer bitcoin and cryptocurrency buying, trading, and selling options to customers. New evidence appears to show that these companies are primarily interested in crypto services due to bitcoin’s meteoric rise during the spread of the coronavirus.PayPal Is Moving Towards a Crypto FutureAs we all remember, bitcoin suffered heavily when the virus initially began to expand during the first half...

BitcoinBitcoin witnessed a 1.5% price decline over the past week as the cryptocurrency drops into the $9,190 level. The coin was trading at this price at the start of the week as it managed to push higher into the $9,815 level. BTC was unable to overcome this resistance, which caused it to fall back into $9,190.The crucial thing about this week’s price drop is the fact that BTC looks like it broke beneath a rising trend line that has been in play since mid-March 2020. If BTC continues beneath...

Following the drama with Wirecard, the UK Financial Conduct Authority (FCA) has suspended its subsidiary Wirecard Card Solutions to conduct any regulated activities.Since Wirecard Card Solutions issue cryptocurrency debit cards for TenX and Crypto.com, both companies published statements ensuring that customers’ funds are safe, but some operations could be affected.UK FCA Suspends Wirecard Card SolutionsAs CryptoPotato reported recently, the German-based online payment processor Wirecard was...

It’s been a fruitful year for ChainLink (LINK) and its investors despite the pandemic-induced market downturn in mid-March. The project has not only recorded significant partnerships and developments since the start of 2020 but has also seen a massive boost in the number of crypto traders and investors holding the LINK token.LINK Holders Surpass 160k In 6 MonthsAs of January 1st, 2020, the total number of addresses holding ChainLink’s native cryptocurrency was around the 80,000 level....

After a two-week correction, LRC recently found a bottom and bounced back with 10% gains under 24 hours.It may start a new bullish cycle if the weekly low continues to hold as support.LRC/USD:  Loopring Forming Bull Flag PatternKey Resistance Levels: $0.089, $0.95Key Support Levels: $0.72, $0.62LRC/USD. Source: TradingViewEarlier this year, Loopring started to gain momentum after dropping to around $0.02 in March. After witnessing a three-month surge to $0.1168 on June 10, the price corrected...

Russia starts using 5G network on autonomous mining dump trucks A 5G pilot zone has been deployed for the first time at the SUEK coal company open-pit mine in Khakassia, Russia to test the potential of 5G as part of an autonomous haulage system developed by Zyfra, Finnish-Russian industrial digitalization leader. The pilot project is trialed on 130 tons BELAZ-7513R autonomous mining dump trucks. Robotic dump trucks are part of the Zyfra...

Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection.He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments.Palihapitiya: BTC’s Lack Of Fundamental Correlation Is PositiveIn a recent podcast, the former Facebook executive noted that the US Fed and Treasury...

The popular cryptocurrency investment company oriented toward institutions, Grayscale, has reportedly added another 19,879 BTC to their Bitcoin Trust in the last week alone.The fund continues to increase its exposure to the leading cryptocurrency, as it now manages about 400,000 BTC.Grayscale Buys $185 Million Worth of BTCGrayscale’s Bitcoin Trust continues to grow, according to popular researcher Kevin Rook.“Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since...