Crypto news

Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low.In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term symmetrical triangle is coming to its apex, and a decision is soon to be made.”As Bitcoin couldn’t breach the $10,000 for maybe the sixth attempt since May 7, and together with the...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 902. Heute sprechen wir über folgende Themen: 500 Estland Krypto Firmen verlieren Lizenz, Quadriga Exchange war ein Ponzi & DeFi zeigt exponentielles Wachstum. Die heutige Show wird gesponsert von Bitwala Blockchain Banking – Erhalte 35 Euro für dein kostenloses deutsches Konto inkl. Debit Masterkarte und Bitcoin Wallet – https://bit.ly/Bitwala-Banking 1.) 500 Estonian Crypto Companies Lose Permits After...

Bitcoin cash price declined sharply after it failed to clear the $260 resistance against the US Dollar.The price is down more than 5% and it broke the key $245 support zone.There was a break below a crucial bullish trend line with support near $252 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is currently correcting higher, but upsides are likely to remain capped near $245.Bitcoin cash price is back in a bearish zone below the $245 support against the US Dollar....

Despite a particularly shaky month, new research suggests that bitcoin miners pulled in a hefty amount of revenue in May – the month of the highly-anticipated third halving.The Halving Didn’t Affect Bitcoin Earnings MuchMay really had everyone up in arms over the halving. The event had people excited just as much as it had them worried. Crypto analysts went back and forth about what would happen following the halving. Crypto would go up very quickly; it would come down with a thundering...

Ethereum fell by a steep 6.7% over the past 24 hours as it drops toward $230.The cryptocurrency was struggling at the $250 level over the first two weeks of June but has remained supported at $225 thus far.Against Bitcoin, Ethereum struggles at the 0.025 BTC level.Key Support & Resistance LevelsETH/USD:Support: $235, $225, $215.Resistance: $250, $265, $274.ETH/BTC:Support: 0.0245 BTC, 0.0243 BTC, 0.0239 BTC.Resistance: 0.0253 BTC, 0.026 BTC, 0.0265 BTC.ETH/USD: Ethereum Losing Battle At...

One of the big worries surrounding the growth of the crypto space is that there is allegedly a lack of institutional investors, but according to the latest data from Fidelity Investments, this may not necessarily be the case.Fidelity: Most Institutional Investors Own Digital CurrencyAccording to the financial firm, roughly 36 percent of institutional players own crypto investments, and most of them own bitcoin, which remains the most popular digital currency. It is widely stated by...

Electric Coin Company (ECC), which oversees the development of Zcash (ZEC), has released the source code for shielded-only iOS and Android wallets.ECC announced the publication of the open-source code on Twitter on June 10. While the release does not come in the form of ready-built wallet applications for iOS or Android, it gives developers the free tools to build their apps.ECC Releases Open-Source Shielded Wallet CodeThe ECC team posted its open-source code to Github on June 10. The team...

Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration.Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview.Trump’s Head Of OCC Likes Blockchain And CryptoBrooks served as the chief legal officer of the largest US-based cryptocurrency exchange from 2018 until just recently. He...

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

Elon Musk is at the center of another crypto scam, only this time, instead of the scam occurring via Twitter, the hackers have seemingly taken over Musk’s YouTube account.Musk: Report This as Soon as You See ItMalicious actors appear to have posed as SpaceX on the video-streaming affiliate of Google. Those involved took over two separate accounts and provided footage of Musk speaking at the recent launch that occurred in Florida. The accounts offered a fake bitcoin giveaway, in which viewers...