Crypto news

The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year.The Holiday is taking place during the next weekend, between January 25th (Saturday) and 27th (Monday), a quick look at the Bitcoin’s longer-term price chart can reveal this occasion had a tremendous Bearish effect on the price of Bitcoin over the...

Today we got another reminder that volatility is working both ways.Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well.Just yesterday, we mentioned Bitcoin price reaching its first major test – the 200-days moving average line (marked light green on the following chart). Many analysts see this tough resistance as the barrier between Bear and Bull markets.Today, Bitcoin...

While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity verification.However, the apparent need for a fully anonymous payment option ultimately led to the creation of such, called...

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...

The Winklevoss Twins are warning Wall Street executives that the time to stock up on bitcoin is now.The Winklevoss Twins to Wall Street: Get It Together!The founders of the Gemini Exchange in New York – one of the first cryptocurrency trading platforms to garner a BitLicense – are telling Wall Street players that they need to stop putting so much emphasis on gold, as bitcoin is likely to “trump” gold in the coming future.Tyler explains:If you have gold, start building up bitcoin reserves. We...

As we all know by now, the bitcoin halving is scheduled to arrive this coming May, and many analysts are arguing that the event will likely cause the currency to jump in price.The Halving Is On Its WayOne analyst on Twitter – simply going by the name “Crypto Bull” alleges that the currency could spike as high as $33,000 in July thanks to the halving. In a recent social media post, Crypto Bull explains:Bitcoin ROI from first halving to second halving: 5,333 percent. We are currently up 1,338...

Stock market research firm Fundstrat published a bullish 71-page report promoting the IOTA cryptocurrency to its clients. Something doesn’t add up when you compare this to a public disclosure found on its retail portal. The IOTA project already has a shifty reputation, and Fundstrat isn’t doing itself any favors. The stock market research firm founded by notorious bitcoin price prediction “expert” Tom Lee has been spotted promoting the controversial IOTA...

SEBA, the Swiss start-up bank selling cryptocurrency services to clients, is planning to initiate its second-stage fundraising. Less than two years after the first one that raised 100m Swiss francs ($103 M), the bank will seek the same amount to expand its services and develop additional products.Seba Bank To Raise 100MLast year, the Swiss Financial Market Authority (FINMA) granted SEBA with a banking license to operate as a financial services provider that focuses mainly on digital assets....

There is great fear traveling through the crypto space… Fear that somewhere down the line, bank-issued cryptocurrencies will somehow replace bitcoin and its altcoin counterparts.Will Bitcoin Be Replaced?But is that fear valid? We need to look at a few facts before we can make an official decision. For one thing, these cryptocurrencies issued by financial institutions will be centralized, meaning the banks will be in control of who receives the crypto units and what they can be used for. This...

Ethereum saw an incredible 21% price surge this week, bringing the price for the coin up toward $175.Against BTC, ETH climbed further higher to meet resistance at the 100-days EMA.Ethereum has now turned bullish after breaking above the December 2019 high at $152.Key Support & Resistance LevelsETH/USDSupport:  $165, $155, $145, $133.50.Resistance: $175, $180, $186, $194.ETH/BTC:Support: 0.019 BTC, 0.0185 BTC,  0.0171 BTC.Resistance: 0.0196 BTC, 0.020 BTC, 0.0204 BTC.ETH/USD:  ETH Shoots...