Crypto news

Bitcoin Bitcoin saw a small 2.6% price increase from where it was trading seven days ago. However, it had dropped substantially throughout the week. The cryptocurrency fell beneath support at the rising trend line to find additional support at the $6,447 level (short term .618 Fib Retracement). From here, Bitcoin rebounded yesterday to climb back above the $7,000 level where it currently trades. Looking ahead, the first level of resistance lies at $7,200 (bearish .5 Fib Retracement). Above...

Binance, the world’s leading cryptocurrency exchange, published a new white paper for a solution called Binance Smart Chain. It’s a new blockchain that will run in parallel to Binance Chain and will also support smart contract functionalities. Binance Announces Smart Chain Blockchain In a recently published whitepaper, Binance announced the development of Binance Smart Chain – a new blockchain that will support smart contract functionality. The new network is described as an innovative...

The most widely used American cryptocurrency exchange, Coinbase, reported increased $1,200 deposits yesterday. Interestingly, this coincides with the stimulus checks for the same amount that the U.S. government began sending this week to fight the financial struggles caused by the coronavirus pandemic. Record $1,200 Coinbase Deposits According to data provided by Coinbase CEO Brian Armstrong, the popular exchange received a record number of $1,200 deposits yesterday. Coinbase $1,200...

Bitcoin saw a notable increase in its price yesterday, conquering the $7,000 level, and it did a good job staying above so far. Meanwhile, the futures on legacy markets are also in the green, as news broke out that the Gilead coronavirus drug supposedly shows effectiveness. Bitcoin Price Above $7,000 As Cryptopotato reported yesterday, Bitcoin marked a steady increase upwards of $550 in 90 minutes to surge over $7,000. At the time of this writing, the cryptocurrency is trading just shy of...

President Donald Trump appointed the Former CEO of Bakkt and current Senator of Georgia, Kelly Loeffler, to the White House’s committee on reopening the economy. Interestingly, the selection comes only weeks after Loeffler was accused of insider trading following a senators’ meeting regarding the COVID-19 health and economic impact. Loeffler To Help Reopen U.S. Economy Loeffler served as the CEO of the Bitcoin futures trading platform Bakkt before she became a U.S. senator for Georgia....

Bitcoin cash price started a fresh increase from the $206 weekly low against the US Dollar.The price is up more than 10% and it broke the key $230 resistance area.There was a break above a major bearish trend line with resistance near $230 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $245 and $250 resistance levels.Bitcoin cash price is showing a few bullish signs above $230 against the US Dollar. BCH/USD bulls seem to be...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 863. Heute sprechen wir über folgende Themen: FINMA beginnt Bewilligungsverfahren für Facebook Coin, Purse.io schliesst die Pforten & Ölfirmen werden in 5 Jahren Bitcoin Mining dominieren. [embedded content] 1.) FINMA beginnt Bewilligungsverfahren für Facebook Coinhttps://www.btc-echo.de/libra-lbr-finma-beginnt-bewilligunsverfahren-fuer-den-facebook-coin/ 2.) Bitcoin-Based Payment Facilitator Purse.io Shuts...

The coronavirus has had terrible effects on the cryptocurrency arena, but nothing has suffered the way crypto mining companies have suffered. The latest venture to fall victim to the stifled COVID-battered economy is Hut 8 Mining Group, a crypto mining firm stationed in Canada.Hut 8 Is the Latest Company to Get HitRecently, the company issued a statement detailing some of the concerns it had regarding how to keep its operations steady. Hut 8 says it’s experiencing heavy delays in the delivery...

Bitcoin SV (BSV) has been at the center of controversy since it first arrived in late 2018. Nevertheless, it looks like many crypto providers and exchanges are moving hell and high water to ensure its customers have access to it.Bitcoin SV: It’s Presence GrowsThe latest exchange to offer bitcoin SV comes in the form of Indacoin, which is now allowing users to purchase BSV with a Visa or Mastercard. Indacoin – which is available to customers in more than 170 countries – is also facilitating...

The digital asset trust and security company, BitGo, announced the acquisition of the comprehensive crypto-native financial platform Lumina. Thus, the firm will expand its business operations to provide institutional digital asset investors additional services for their holdings. BitGo Acquires Lumina Founded in 2013, BitGo is amongst the largest digital asset platforms for institutional investors. Earlier today, the firm announced in a press release its latest expansion by purchasing...