Crypto news

On our recent price analysis, we had discussed the colossal move that was coming up, which should have been the breakout of the wedge pattern that Bitcoin had gone through over the past three weeks.Unfortunately, if you ask the Bulls, Bitcoin broke down violently: The coin had lost $500 from its price on the daily, marking $8010 as its yesterday’s low (Bitstamp).We anticipated this violent move and stated that “if Bitcoin breaks down the wedge around the $8400 support, there is likely to be a...

Ethereum price is trading with a bearish bias below the $180 support against the US Dollar.ETH price is now facing a lot of hurdles on the upside near $180 and $182.There is a major declining channel forming with resistance near $182 on the 4-hours chart (data feed from Coinbase).The price remains at a risk of more losses below the $174 and $170 levels in the near term.Ethereum price is declining below key supports near $180 against the US Dollar. ETH price is likely to struggle near $182 if...

Even though the world of social media is a global affair, all fingers are certainly not equal and like any other consumer market, various platforms fight for dominance among users with some faring better than others. Facebook, in particular, has been a mainstay within the social media market for over a decade and this includes Facebook itself as well as Messenger, Instagram, WhatsApp and so on. However, there is a new crop of social media platforms that threaten its dominance and are reaching...

Crypto investors supported Hillary Clinton over Donald Trump by a wide margin in the 2016 election. But those who supported Trump have invested significantly more of their savings in cryptocurrency. Libertarian Gary Johnson was almost as unpopular with crypto investors as the general population. A recent survey of the political affiliations among cryptocurrency investors found that crypto owners voted for Hillary Clinton over Donald Trump by a wide margin in the 2016 election. 46%...

Bitcoin developer Udi Wertheimer says that TRON is about overtake Ethereum as the number two cryptocurrency by market cap.Tron: Outdoing Ethereum?In a Twitter message, Wertheimer says that while the currency won’t necessarily outdo Ethereum in price, it will soon become a far more popular blockchain for companies or individuals looking to produce decentralized applications (dApps). He’s also confident this will all happen within a year.In a tweet, he explains:Watching Justin Sun TRON...

MimbleWimble, the Harry Potter inspired protocol that Litecoin is integrating to become a privacy coin, is in the spotlight but for all the wrong reasons.  Ivan Bogatyy, a venture capitalist with Dragonfly Capital, has published a report drawing attention to a security flaw in MimbleWimble’s privacy model. According to Bogatyy, the “attack traces 96% of all sender and recipient addresses in real time.” Privacy, however, is a complicated issue, especially when it comes to...

China may use blockchain to organize and incentivize its military  Could China’s embrace of blockchain cause another pump? The people’s republic softens its stance on crypto. China’s latest blockchain initiative could see its army rewarded in cryptocurrency tokens. Just as the blockchain hype in China appeared to be simmering down some, The People’s Liberation Army (PLA) Daily –  a state-sanctioned newspaper of the Chinese army – proposed a blockchain-focused overhaul of the...

Alejandro Regojo is the man behind bitcoin gold, which is widely considered one of the more successful bitcoin forks.Bitcoin Gold: BTC’s “Good” Son?Such forks have happened in the past and can lead to somewhat mixed results. In the case of bitcoin cash (BCH), the currency is still doing quite well and is considered the fourth-largest cryptocurrency by market cap.Bitcoin SV (BSV), however, is an entirely different story. While it’s garnered a place in the industry’s top 20, the currency is...

Trading cryptocurrency has become increasingly popular ever since Bitcoin skyrocketed to $20,000 in 2017. However, what followed was a prolonged bear market, and the demand for trading services that allow users to capitalize on the declining price grew in demand.This lead to a surge in popularity of cryptocurrency derivative products, especially futures contracts which allow traders to open both long and short positions. As such, we saw an increasing number of exchanges adding these products...

At the time of writing, Ethereum was trading close to 1% at its current price of $ 185, a slight increase from its $ 182 low yesterday.The recent volatility of the cryptography markets has led ETH price action of large exchange rate chains like Ethereum to form a close correlation with that of Bitcoin, which means that the aggregated market has plunged into a phase of lateral trading overtime in last days.The situation remains tense and with a clear downward movement of Ethereum prices,...