Crypto news

Ethereum continues to struggle as it remains beneath $130 today with a small decline.The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH.Against Bitcoin, Ethereum managed to rebound from support at 0.0201 BTC to climb back above 0.021 BTC.Key Support & Resistance LevelsETH/USD:Support: $128, $120, $110.Resistance: $135, $140, $150.ETH/BTC:Support: 0.021 BTC, 0.0201 BTC, 0.0196 BTC.Resistance: 0.0215 BTC, 0.022 BTC,...

Dan Morehead CEO & Co-Chief Investment Officer of Pantera Capital, a crypto hedge fund, says the Bitcoin price is set to surge during this economic crisis. In fact, Morehead predicts the Bitcoin price could reach a new all-time high within 12 months. That would be a truly astonishing turn of events, but not entirely out of the cards.The Great Recession and 2008 financial crisis gave rise to Bitcoin in the first place. After watching the financial system critically fail, some computer...

From the beginning of its inception, Bitcoin was worth cents but had indestructible inner value. In the darkest days of humanity, only rare things will have value. Bitcoin and other cryptocurrencies can become the vaccine from the financial crisis.Due to the coronavirus attack and democracy constant fail across the globe, banks now can dump your data to anyone. The corporations and governments are taking away more rights under the cover of safety measures. However, total exposure to social...

It seems that Samsung range of smartphones might be the first of many to hit the market in the years to come owing, among other things, to blockchain and crypto adoption by the company.For some time, competition between tech giants has been predominantly focused on smartphone specifications and improving features such as camera specs, screen size, and resolutions. However, Korean technology giants Samsung, the creators of the Galaxy smartphone range could potentially become one of the most...

The Singapore-based blockchain company, Algorand Foundation, has launched an application called IReport-Covid to help the fight against the novel COVID-19. Users can fulfill a survey, which will soon be publicly posted on the Algorand blockchain to ensure free and constant access.Blockchain App Against COVID-19At the time of this writing, the number of confirmed coronavirus cases is exceeding 600,000. The death tolls are close to 30,000, and the effects are not slowing down. In attempts to...

It’s been reported by some analysts that bitcoin demand is likely to go up in the coming weeks due to the current economic and market conditions, though some sources claim the opposite, and believe there will be a stronger desire for traditional financial services and institutions.Some Want Tradition Over BitcoinDuring the last few weeks, several traders sold off their bitcoin and crypto stashes along with their stocks, metals and other assets as a means of attaining cash. During times of...

The coronavirus has caused several businesses to shut down as of late, but the price of bitcoin is also contributing heavily to economic downplay. Several mining firms and blockchain-based enterprises don’t see a point in keeping their doors open so long as the asset’s price suffers, and some companies – like mining venture Digital Farms in California – have decided to shut down “indefinitely.”Digital Farms Will Close Down for a WhileThis isn’t the first time we’ve seen the mining industry...

In times of severe volatility, trading volumes typically go up, and the last couple of weeks are no exception. Binance, the world’s leading cryptocurrency exchange, has decided to create a trading tournament where users can team up and share in a combined prize pool that can grow to as much as $1 million worth of BNB.It’s important to note that trading futures and leveraged assets is not recommended for beginners, as it involves high risk of losing your capital.Binance Futures Trading...

New data suggests that investors are once again gaining confidence in bitcoin.Bitcoin Is Back, BabyThe currency – which is often seen as a speculative asset – shed several points off its reputation during the past few weeks, though to be fair, the same can be said for many assets (i.e. stocks, oil, etc.) The coronavirus pandemic sent everyone into a solid panic, and people began selling off everything they owned in the hopes of gaining cold hard cash before the global economy suffered too...

XRP dropped by a total of 3% today as the cryptocurrency falls beneath the $0.17 level.The coin managed to break above the previous ascending triangle but fell from resistance at $0.191.Against Bitcoin, XRP increased by 13% over the past 2-days as it trades at 2710 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.156, $0.147, $0.136.Resistance: $0.182, $0.191, $0.20.XRP/BTC:Support: 2650 SAT, 2600 SAT, 2525 SAT.Resistance: 2760 SAT, 2800 SAT, 2850 SAT.XRP/USD – Ripple Rise Stalled...