Crypto news

China has long been touting the idea of its own national digital currency, and now it looks like the token is being tested through American businesses.China Is Unveiling Its New Digital YuanAmong the ventures that have agreed to participate include Seattle-based coffee king Starbucks, as well as fast food restaurants like McDonald’s and Subway. Starbucks is interesting in that the company has long been a heavy advocate of crypto. It was one of the first enterprises to join hands with Bakkt,...

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.Bitcoin Could Be Big Again SoonIt seems like everywhere you look – whether it’s Asia, America, Europe, etc. – people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.However, some analysts believe this won’t be bad for bitcoin in the long...

Bitcoin has had a rough year thus far, but now the currency is showing strong signs of recovery, and many enthusiasts and traders believe this year could wind up becoming the new “2017.”Bitcoin Could Reach Its All-Time High AgainAs we all remember, 2017 is arguably bitcoin’s best year in the record books. The currency struck new territory and hit nearly $20,000 to reach an all-time high. Prior to that, the year was marked by consistent gains and bullish behavior that saw the asset gaining...

Ethereum saw a 1.5% price increase today as the coin reaches $197.The cryptocurrency surged by a total of 7.4% this week as it breaks previous resistance at $187 to reach $198.Against Bitcoin, Ethereum is also on the rise as it makes an attempt at the April highs of 0.026 BTC.Key Support & Resistance LevelsETH/USD:Support: $194, $187, $180.Resistance: $198, $200, $211.ETH/BTC:Support: 0.025 BTC, 0.0247 BTC, 0.024 BTC.Resistance: 0.026 BTC, 0.0263 BTC, 0.027 BTC.ETH/USD – Ethereum Edging...

Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...

Stablecoins issuance is not artificially inflating the prices in the cryptocurrency market, despite some controversial beliefs, suggested new research on the matter.At the same time, the paper acknowledged their vital role in the digital asset field and predicted that it’s only prone to grow in time.Tether Do Not Inflate The Crypto MarketLast year, two academics updated a study and claimed that the most widely used stablecoin – Tether (USDT) – was behind the 2017/2018 parabolic price increase...

The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion. The popular blockchain protocol has been especially attractive to investors lately and has surpassed the former leader of staking – EOS.XTZ Locked In StakingPer data from the monitoring website, Staking Rewards, Tezos became the leading in terms of assets locked in staking over the past month. As of April 24th, the total amount equaled to $1.81 billion. Interestingly, as...

Is it possible that bitcoin is suddenly spiking because people are fighting back harder than ever against the coronavirus?Bitcoin Is Jumping… And So Are ResidentsWhile this is purely speculative, one cannot help but notice that now, right as people are beginning to protest current stay-at-home orders and stand outside governors’ mansions to herald their right to work, bitcoin has endured a significant rise.Over the past several weeks, bitcoin has been trapped in the doldrums, though things...

Taiwanese smartphone maker HTC is adding a new crypto mining feature to its Exodus I phone.HTC – Bringing New Power to SmartphonesUnder normal circumstances, mining crypto can be a relatively complicated process. Usually, it requires a hard-hitting computer with lots of energy and electrical power to get the job done. Often, the work cannot be completed with one computer alone or will require multiple mining machines to extract all the operator is looking to attain.One of the other big...

Yesterday saw the price of bitcoin – the number one cryptocurrency by market cap – jump all the way into the $7,500 range. The currency has added more than $400 to its price in just 24 hours. What happened suddenly, and why is bitcoin deciding to return to its old bullish ways?Bitcoin Is On a RollThis is great news for analysts – many of whom have been predicting a solid rise in the bitcoin price over the past few weeks – and for traders, who are seeing the bullish ways of their industry fly...