Crypto news

EOS price is down more than 8% today and it broke the key $2.700 support area against the US Dollar.The price traded close to the $2.500 support area and it is currently correcting higher.There is a major bearish trend line forming with resistance near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its decline as long as it is trading below the $2.800 pivot area.EOS price is back in a bearish zone against the US Dollar and bitcoin. The price...

One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Bans, jail...

Fundstrat’s Tom Lee äußerte sich diese Woche zum Bitcoin-ETF. Seiner Meinung nach wird dieser erst zugelassen werden, wenn der BTC-Kurs mindestens 150.000 US-Dollar beträgt. Schauen wir auf den aktuellen BTC-Kurs könnte diese Marke noch Jahre entfernt sein.Bitcoin News: Bitcoin ETF erst ab 150.000 US-Dollar pro BTCDer Grund für Lee’s Meinung ist der große Unterschied zwischen der Marktkapitalisierung des BTC und der voraussichtlichen Marktnachfrage.Der BTC fluktuiert aktuell um eine...

TBCASoft, IBM and SoftBank Corp. have announced their collaboration in an effort to transform the industry of telecommunications. The companies will work on developing cross-carrier blockchain solutions, offering new services to telecom carriers and their clients, and promoting advanced business models.TBCASoft is a US-based startup company that focuses on developing technologies especially for the sector of telecommunications. Founded in 2016, the company received funding from SoftBank, and...

China’s internet and communications giant Tencent has recently raised concerns that if Facebook succeeds in its Libra launch by 2020, local Chinese payment service providers like WeChat pay and Alipay would face major threats in global markets.Tencent recently published a blockchain whitepaper in Chinese, wherein it calls Facebook’s Libra initiative as “bold and radical” as well as “prudent and rational”. The Chinese tech giant explains how Libra can quickly make inroads in markets where the...

Following yesterday’s analysis, just a matter of hours, Bitcoin couldn’t hold, and the results were devastating.After trading sideways for almost a month, Bitcoin broke down the ‘neckline’ of the Head and Shoulders pattern that was identified here yesterday, followed by a huge red candle of more than $600. As of writing this, the low of the past 24 hours lies at $7300 (BitStamp). Bitcoin had lost $10,000,000,000 from its market cap since yesterday.Technical analysis is, for sure, not science....

Litecoin price is down more than 5% today and it broke the key $51.20 support against the US Dollar.LTC price is correcting currently higher and it could face resistance near $50.00 and $51.20.There is a crucial bearish trend line forming with resistance near $53.75 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides if it fails to recover above $50.00 and $51.20.Litecoin price is back in a downtrend below $52.00 against the US...

Yesterday the CEO of Facebook, Mark Zuckerberg appeared before Congress to answer questions, predominantly on Libra, their planned cryptocurrency. Congressman Brad Sherman took the opportunity to bash cryptocurrencies such as Bitcoin, saying that they could pose a threat to the US Dollar.Cryptocurrencies Could Be Harmful To The U.S. DollarDuring the hearing, Congressman Sherman was quick to address the challenges that cryptocurrencies such as Bitcoin could introduce to traditional fiat...

BitMovio is aiming to disrupt the video entertainment industry’s current model of content distribution and financing with its blockchain-powered, gamified content platform. In order to do this, the company has put together a team of talented individuals with combined decades of experience in technology, media, software, blockchain, gaming, eSports, and content streaming and licensing.The collective resume of the team includes experience at companies such as Netflix, Amazon, Fox, The Walt...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 735. Heute geht’s um folgende Themen: Bullenmarkt vorbei – Bitcoin Crash auf $7400, Coinbase hat seit 2012 über 2 Milliarden verdient & Zuckerberg steht dem Kongress bzgl. Libra Rede und Antwort. 1.) Bitcoin-Kurs fällt massiv – Das steckt hinter dem Crashhttps://www.btc-echo.de/bitcoin-kurs-faellt-massiv-das-steckt-hinter-dem-crash/ 2.) Coinbase Generated Nearly $2 Billion in Transaction Fees Since...