Crypto news

Bitcoin is now in a downtrend after Friday’s technical reversal.Analyst Peter Brandt believes that a cleansing is in order before bitcoin can start a new bull market.He says investors who refuse to be shaken out by the stomach-churning purge could reap ridiculous profits in the future.The world’s dominant cryptocurrency appears to have lost all bullish steam. The momentum that the bitcoin price generated when it printed a 2019 high of $13,880 has vanished, giving way to a rapid downturn.This...

A lawyer involved in the infamous One Coin cryptocurrency scam has been found guilty of both fraud and money laundering. Mark Scott – an attorney who garnered a near $50 million fee for routing approximately $400 million on behalf of the scam’s founder – is now facing 50 years in prison; one year for every million he potentially earned.Scott Faces Jail Time for His RoleLawyers for Scott claimed that he did not realize One Coin had no value, and that he was simply doing a job assigned to him...

Ripple is having an awful 2019 despite unyielding support from the so-called “XRP army.”One widely-followed trader sees more pain for the third-largest cryptocurrency.There might be an opportunity for a relief rally, but ripple remains in a downtrend unless it prints a reversal structure.Ripple is down by over 36 percent this year. No matter how much XRP devotees try to peddle hope for a probable reversal, the cryptocurrency appears to be headed toward more painful declines.And with the Swell...

As we continue our coverage of bitcoin and the crash of the cryptocurrency market, it appears the world’s primary cryptocurrency has fallen by another $300 and is now trading for just over $7,100. This is the lowest it’s been in months, and it’s unclear when – or if – the currency plans to recover.Bitcoin Continues to Suffer and DropAs we edge closer towards the end of the year and the introduction of 2020, we are reminded of the bear run that bitcoin endured during November of last year. The...

We live in a paradoxical world in that it is both expanding and shrinking at the same time. The rise of high-speed internet allows us to instantly communicate across the globe, stream movies and TV shows, shop from the comfort of our couch, dig through the archives of famous museums and libraries, and watch events in other countries unfold in real-time. The flip-side of such openness is that a small number of corporations are increasing their stranglehold on how we live our lives. As such,...

News broke out two days ago that Binance’s Shanghai office has been raided by local police and has shut down consequently. The CEO of the cryptocurrency exchange, Changpeng Zhao, has since refuted the claims, while also saying that it’s FUD of the kind that damaged Bitcoin’s price in the past couple of days.Binance To Sue The Block Media OutletCryptocurrency news media The Block reported on November 21st that the Shanghai office of Binance has shut down because it has been clamped down by...

Coinspeaker World Chess to Issue Digital Tokens in ‘Hybrid IPO’ World Chess is going to issue tokens that will use blockchain ledgers to simplify the fundraising process and will be convertible to shares at a later point. World Chess to Issue Digital Tokens in ‘Hybrid IPO’ Continue reading at Coinspeaker

Black Friday seems to have arrived earlier in the cryptocurrency market. But, unlike the real Black Friday, nobody seems to be rushing in to buy cryptos at the current discount rate.According to the Crypto Fear and Greed Index (CFGI), the overall market sentiment turned into “extreme fear” as investors expect a further downturn. However, historical data reveals that every time the CFGI goes into “extreme fear,” a buying opportunity is presented.The following technical analysis will evaluate...

Zentralbank der USA bestätigt Forschung und Tests an eigener Digitalwährung Die amerikanische Zentralbank arbeitet an einer eigenen Digitalwährung. Zunächst soll es sich laut Zentralbank-Chef Jerome Powell lediglich um erste Forschungen handeln. Bis zur Einführung seien die Risiken sorgfältig abzuschätzen und rechtliche Fragen zu klären. Die ersten Tests wurden bereits vor einigen Wochen und Monaten durchgeführt. Ziel ist zunächst die...

Galaxy Digital bringt zwei neue Bitcoin-Fonds auf den Markt, die die ältere amerikanische Generation ab 50 Jahren ansprechen sollen. Dafür nutzt die Investmentbank Bakkt sowie Fidelity Digital Assets. Das Projekt soll klassische, aber finanzkräftige Investoren mit der Liebe zu Krypto-Investments verbinden. Galaxy Bitcoin Fund und Galaxy Institutional Bitcoin Fund Die Investmentbank von Michael Novogratz bietet seit dem 19. November zwei neue Bitcoin-Fonds an: Galaxy Bitcoin...