The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.”ETH’s Role On Ethereum Blockchain DecreasesPer the research provided by Messari’s Ryan Watkins, ERC-20 tokens are rapidly approaching 50% of the total value stored on the Ethereum network.ERC20 Tokens On Ethereum Blockchain....
Read More »Bitcoin Price Analysis: Huge Incoming Price Move, As BTC Will Soon Choose Between $10,000 And $9,000
Over the past days, the Bitcoin price is seeing only one direction, which is in favor of the Bulls. The coin that was trading for $8600 just five days ago is now aiming to re-target the $10K mark. However, will it be so easy?On our most recent BTC analysis from Friday, we pointed out a critical descending trend-line, which started forming once Bitcoin reached the $10K mark for the first time this month (May 7).On both the 4-hour and the following daily chart, you can see this line marked by...
Read More »Bitcoin IRA Halving Report Suggests $280,000 Price for BTC
It’s funny how more than two weeks have passed since bitcoin’s famed third halving, and yet people are still talking about it as though it were fresh news. Bitcoin IRA – despite the big gap between now and the occurrence – has unveiled a new report that discusses the company’s alleged findings pertaining to the halving and what traders can expect in the coming future.Bitcoin IRA Reveals Some New DataA halving occurs for bitcoin every four years. The previous two occurred in 2012 and 2016,...
Read More »The U.S. and China Duke It Out; BTC Is in the Middle
Tension between the U.S. and China is spiking, and many are worried about what will happen with bitcoin.China Is Being Eyed by the U.S.On Thursday, President Trump explained to a room full of reporters that he and fellow regulators are looking into what their options are for dealing with China. The nation is widely blamed for the release of the coronavirus on the world, and Trump is potentially looking to initiate economic strikes against China in the form of further sanctions and tariffs.The...
Read More »Bulls Return With 5% Daily Gains For Litecoin, How High Can It Go? LTC Price Analysis
Litecoin is poised for more gains after moving out from a four-weeks downward range.A break above 0.0050 BTC level would signal strength.The price is currently looking bullish across trading pairs.LTC/USD: Litecoin Aiming To Jump Above $48Key Resistance Levels: $47.68, $50.7, $56Key Support Levels: $44, $42, $39LTC/USD. Source: TradingViewFor the past few days now, the crypto market is rising. The price of Litecoin has shot up 5% over the past hours after breaking out from a downward range –...
Read More »Analysts Strike at Goldman Sachs Over BTC Bashing
Recently, it was reported that Goldman Sachs held a client call having to do with assets such as bitcoin and gold. The call – rather than praising both assets for their resilience and their ability to hedge wealth during times of economic strife – was used to hit these assets, particularly bitcoin, which members in the call said was “not an asset class.”Goldman Sachs Is Eating Its WordsThese words have come back to haunt Goldman, and they have seemingly angered many people in the crypto...
Read More »XRP Finally Makes It Above $0.20 But Can The Bulls Sustain Momentum? Ripple Price Analysis
XRP climbed by 3.5% today as it managed to reclaim the $0.2 level.The cryptocurrency is trading at the 100-days EMA resistance and remains within the descending triangle.Against Bitcoin, XRP is trading near 2-year-lows, but the buyers are attempting to push higher.Key Support & Resistance LevelsXRP/USD:Support: $0.2, $0.192, $0.18.Resistance:$0.215, $0.225, $0.235.XRP/BTC:Support: 2100 SAT, 2070 SAT, 2050 SAT.Resistance: 2200 SAT, 2250 SAT, 2300 SAT.XRP/USD – XRP Approaching Triangle...
Read More »Another Crypto Scam? Bitgrin Creator Minted 5 Billion Tokens While Capping Supply At 21M, Researcher Claims
Fraudulent projects within the cryptocurrency field are occurring rather often, and the latest one comes in the form of Bitgrin (XBG), according to a recent report. It reads that the project creator has minted 5 billion tokens while advertising that the total supply is capped at 21 million.Bitgrin’s Creator Scammed Investors?Bitgrin launched as a fork of Grin and advertised itself as a “magically private cryptocurrency.” Interestingly, it has similarities with Bitcoin as both are set to have...
Read More »Bitcoin Held On Exchanges At Yearly Lows As Investors Gear Up For The Moon
Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday.Bitcoin HODLers Mentality On The RiseDuring the notorious Black Thursday event in March, when most cryptocurrency assets lost substantial portions of their value, investors – especially short-term holders – transferred sizeable shares of...
Read More »Samsung Money: Samsung wird zur Digitalbank!
Samsung wird zur Bank: Debitkarte, Bankkonto und Blockchain Wallet. Jetzt ist endlich klar, warum Samsung so viel Geld und Energie in Partnerschaften und Wallet-Entwicklung steckt: Samsung wird zur Digitalbank. Erfindet Samsung die Wunderwaffe für eine florierende Wirtschaft? Eine rein digitale Bank, wo jeder ein Konto eröffnen kann und die erst noch Bitcoin kann? Denn vor...
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