Crypto news

What happens when a lot of people talk about possible Bitcoin price movement? Right – the price indeed starts moving. And now BTC seems to be gaining momentum ahead of May’s halving event.Some experts start predicting the next price move. They see a dramatic scenario of Bitcoin price rushing up to $18,000 and even $20,000 in the short-term and up to $100,000 in the long-term. Such data is based on calculations of previous price action. It appears that Bitcoin can gain up to 80% in profits...

The spread of the coronavirus continues, and more countries appear to take serious measures for its containment.  Amid the tragic effect on people’s health, the cryptocurrency space recently saw the birth of the CoronaCoin – a coronavirus-backed token.The Creation of CoronaCoinEarlier today, the discussion of the new coronavirus-backed coin was published in a Reddit post. It informs that CoronaCoin (NCOV) will be an ERC-20 token.Its primary purpose, according to the website, is to spread...

Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500.As can be seen on the following daily chart, after getting rejected by the long-term ascending trend-line (started forming on July 2019), Bitcoin broke down the significant 38.2% Fib level at $10,200, along with the marked 4-hour...

Wells Fargo is making a major “donation” to the cryptocurrency community. The venture division of one of the world’s largest and most prominent banking institutions is putting $5 million into a startup called Elliptic, which is dedicated to providing risk management solutions for cryptocurrencies.Wells Fargo Is Pushing Crypto FurtherIn a statement, James Smith – the CEO of Elliptic – explained:We are proud to announce Wells Fargo’s investment in Elliptic. The partnership with our bank...

Telegram investors and developers created a foundation within the TON ecosystem to defend the project from the SEC. The TON Foundation participants, not Durov brothers, will manage funds and code.While the SEC is preparing to destroy Telegram for avoiding the U.S. securities law, Telegram keeps receiving help from unexpected parties. This time, Telegram’s key investors have formed a circle for coordinating the development of the network. They have no connection to Nikolai Durov and Pavel...

Bitcoin payments need to become more prominent if the cryptocurrency is ever to reach mainstream status. Block Fi has recently developed a new mobile payments solution that could potentially make bitcoin payments a normal, everyday thing.Block Fi Develops New Crypto Banking ServiceOne of the big problems surrounding bitcoin and other cryptocurrencies is that many companies have been reluctant to accept them as means of payment. Thanks to their volatility and price swings, many enterprises and...

The Department of Justice (DOJ) has brought forth its first case regarding the crime of bitcoin and crypto mixing. 36-year-old Larry Harmon of Akron, Ohio, has been charged with operating a company known as Helix, a dark web marketplace designed to “clean” illicitly garnered cryptocurrencies by mixing them with others.Harmon Has Been Operating Helix for Some TimeThe process can be somewhat complicated depending on how large the initial sum is. If you have several bitcoins, or you were...

Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position.While similar scenarios could play out in the traditional financial market, Bitcoin stands on the opposite shore. Its finite pre-programmed supply of 21 million means that no more coins can come in the market.Tesla Stocks Performance And OfferingThe last several months have been nothing...

XRP climbed by 3% over the past 24 hours of trading. However, it is still struggling to break resistance at $0.337.Against Bitcoin, XRP remains above the 200-day EMA but has run into resistance at 3270 SAT.The cryptocurrency has strongly outperformed Bitcoin this week with a 21% price surge relative to Bitcoin’s 4.5% increase.Key Support & Resistance LevelsXRP/USD:Support:$0.32, $0.317, and $0.31.Resistance: $0.35, $0.361, and $0.379.XRP/BTC:Support: 3230 SAT, 3115 SAT, and 3000...

Binance through its official blog page has outlined its future vision and mission as an open platform through which other businesses can use to grow.Binance has announced through its blog page that it’s working to build its company as an open platform in the future. According to the blog post, the crypto exchange, which offers both centralized and decentralized blockchain services, is working to make the company more decentralized to give access and freedom to its users.The crypto exchange...