Crypto news

Bitcoin price started a fresh decline and traded below the $7,000 support against the US Dollar.It is currently showing a few bearish signs below $6,965 and $7,000.There is a key contracting triangle forming with resistance near $7,220 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline further towards the key $6,600 support before it might start a fresh increase.Bitcoin price is struggling to remain in a positive zone above $6,800 against the US Dollar....

Bitcoin has exploded in recent days, jumping all the way to the $7,000 mark for the second time in a month. This is a solid improvement over where it stood just last week, and yet some are predicting that things are about to fizzle out all over again.Bitcoin May Take Another DipThis seems to be a running theme in the bitcoin arena. While BTC does well and many people seem to jump on board, there are others that refuse to see the light. Many still view bitcoin as a failing asset that has yet...

It’s happened again, folks. Another cryptocurrency theft is in the books. This time, the victims are the Uniswap exchange and the Lendf.me lending platform, both of which are reporting combined total losses of more than $25 million.Uniswap and Lendf.me Have Been CompromisedCryptocurrency theft is nothing new, but what’s arguably the most frustrating about stories like these is that while many companies and organizations in the industry are seeking to improve their security protocols, hackers...

Ripple, the payment protocol and the company behind the third-largest cryptocurrency XRP, is taking legal action against the video giant YouTube. The firm wants to hold the platform accountable for not fighting the increased number of giveaway scams and false impersonations appearing on its website. Ripple Sues YouTube In a recent post, Ripple announced that it will file a lawsuit against the most widely-used video sharing platform. The company blames YouTube for not taking the necessary...

It looks like many Americans are potentially spending their newfound stimulus checks on bitcoin and other cryptocurrencies. Several digital currency trading platforms, such Coinbase, are reporting purchases of exactly $1,200 over the past few days, the maximum amount of the checks that citizens are receiving from the federal government.Paper Checks Are Going Towards CryptoThese checks are designed to give Americans some relief from the coronavirus pandemic that first began wreaking havoc on...

Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for offering US Bitcoin futures and options as designated contract markets (DCM). Announced on April 20, the derivatives contracts are to be margined and physically delivered, which means that traders will get Bitcoins after the final settlement of the contract. User Acceptance Testing Scheduled For This Month Even though the launch date of derivatives trading is...

Tezos is likely to correct downward to $1.6 if the price plunges below a five weeks wedge. Against Bitcoin, XTZ established resistance around 32840 SAT after gaining 27% in two weeks. Nonetheless, Tezos is still looking bullish across trading pairs despite the recent drops. XTZ/USD: Tezos Looking Bullish But Breakout Is Imminent Key Resistance Levels: $2.36, $2.5 Key Support Levels: $1.85, $1.6 XTZ/USD. Source: TradingViewTezos lost 7% overnight following the latest fall in Bitcoin’s price...

Prominent American economist and full-time Bitcoin slammer, Peter Schiff, used the recent oil slumps to bash against the primary cryptocurrency. He believes that the events have still not validated Bitcoin as an asset class, but that the downside risk it provides is “only” 100%. Schiff: BTC’s Risk Is Limited To 100% It seems today that Schiff, the CEO, and CGS of Euro Pacific Capital, uses almost all current economic events as an opportunity to talk down the largest cryptocurrency by market...

XRP saw a 3.5% price decline over the past 24 hours of trading as the cryptocurrency battles with the $0.18 level. The support here is provided by a rising trend line, and a break beneath this could result in XRP unwinding toward $0.16. Against Bitcoin, XRP rebounded from 2650 SAT but is facing resistance at a falling trend line. Key Support & Resistance Levels XRP/USD:Support: $0.18, $0.171, $0.165.Resistance: $0.191, $0.2, $0.208.XRP/BTC:Support: 2650 SAT, 2600 SAT, 2560...

The current crisis, largely induced by the unexpected spread of the novel coronavirus (COVID-19), took its toll on oil prices. For the first time in history, crude oil trades below zero, meaning that producers are paying the buyers for disposing of their supplies. While this is undoubtedly an event to be remembered, it’s unlikely that this will have a severe impact on Bitcoin’s price. Crude Oil Prices Tank Below $0 Benchmark US crude oil prices sank to below $0 on Monday for the first time...