Crypto news

Over the past two days, we saw Bitcoin losing momentum following the global markets. After reaching the $6600 resistance, Bitcoin price failed to break the symmetrical triangle as can be seen on the following 4-hour chart.From there, Bitcoin found temporary support upon the $6400 boundary, before continuing the 3-day plunge to the lower angle of the triangle. As of writing these lines, the lower ascending trend-line holds. The critical support lies around $6130 (Bitstamp), which is also the...

Verizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks.Verizon Communications Inc (NYSE: VZ) stock dropped nearly 1.5% after the market opened on Wednesday, April 1 to trade $52.94. The drop was in contrast with most expectations, as Goldman Sachs had upgraded it to its ‘Conviction Buy’ list. The group...

Macy’s has been removed from the benchmark S&P 500 stock index. Its market capitalization currently is a representative of small-cap space according to S&P Dow Jones Indices.American department store Macy’s Inc (NYSE: M) is currently experiencing the adverse effect of the novel coronavirus as it has been revealed that it will be removed from the benchmark S&P 500 stock index and be replaced by air conditioning company Carrier Global. Carrier Global Corp spun out last month by...

The argument continues over whether bitcoin and stocks are correlated. Some say they are, while others say that the crypto industry follows a path all its own.So, Do Stocks and Bitcoin Follow Each Other?At the time of writing, the stock market (Dow Jones) has spiked another 100 points, while crypto, for the most part, remains somewhere in the middle. Over the last day or two, we’ve seen many digital assets incur small spikes, while others have taken a few steps back.Bitcoin, for example, was...

The bitcoin mining arena is being heavily impacted by the coronavirus. Among the biggest firms being hit is the Nasdaq-listed Riot Blockchain, which recently submitted a report explaining that the global pandemic is taking a massive toll on its operations.Riot Blockchain Is the Latest CasualtyIn the report, the mining firm explains two major factors under the headline “general risk” that it feels are particularly dangerous to its operations. For one thing, many workers have been forced to...

Satoshi Nakamoto, also known as Craig Wright, will appear in an “ask me anything” session! At the same time, there’s a new token in front of Bitcoin on CoinMarketCap. And all of this comes today, April 1st!Let’s take a look at some of the best April 1st (International Fool’s Day) jokes in the cryptocurrency community. As always, it has been rather vocal and original.Necessities Surpass BitcoinAfter years of domination on all cryptocurrencies, Bitcoin finally met its match. Even more, it’s no...

Ripple CEO Brad Garlinghouse will have to defend his position as a legitimate XRP seller. Per Bradley Sostack, a former XRP investor and the lead plaintiff in the case against Brad, Garlinghouse used unlawful techniques to sell XRP.Former XRP investor Bradley Sostack claims that Ripple CEO Brad Garlinghouse was selling the XRP tokens as unregistered securities. The class-action lawsuit is seeing the hearings again because the investor refiled it recently. It features a scheme that allowed...

While Chainlink remains indecisive in a rising triangle, buyers continue to show commitment on the short-term.If LINK can break above the 38200 SAT level, the bulls might regain control of the market momentum.Chainlink is still facing strong support across its trading pairs.LINK/USD: Chainlink Looking For BreakoutKey Resistance Levels: $2.4, $2.75, $4Key Support Levels: $2, $1.52, $1.35LINK/USD. Source: TradingViewThis week, Bitcoin and altcoins have seen a small bounce from their immediate...

Ripple and ANU law school have partnered to develop courses about blockchain in relation to the law profession. Adoption of blockchain into the legal sector will bring several advantages and advancements to the industry.Australian National University (ANU) law school in collaboration with Ripple are set to begin two new courses in its master’s program to explore the effects blockchain would have on the legal profession.With the courses being co-developed by Ripple Blockchain Research...

The novel coronavirus (COVID-19) took the world by a storm and its spread, and it shows no signs of slowing down. With the total number of infected people getting close to a million, countries around the world are instituting lockdowns to slow down the spread and keep the hospitals from overflowing with patients.A closer look at Bitcoin’s whitepaper, however, reveals that its pseudonymous creator, Satoshi Nakamoto, had the foresight to create a system that’s effective in situations much like...