Markets

Ripple price is currently recovering and is trading above the $0.2500 resistance against the US dollar.The price is likely to break the $0.2700 and $0.2850 resistance levels in the near term.There is a key bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on dips near the $0.2600 and $0.2550 levels.Ripple price is showing positive signs above $0.2600 against the US Dollar. XRP price is...

The past days had been boring for the crypto traders, whereas the price of Bitcoin is ‘stuck’ between a tight range of $8,000 to $8,400.However, Bitcoin just plunged below $8K one more time, marking $7920 as the current daily low (Bitstamp). What does it mean? Is Bitcoin finally leaving the significant $8K support area searching for new lows?By looking at the declining daily volume candles, together with the steady but stable recent Bitcoin price action, we can assume that a stronger move...

Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO announced they have managed to organize the first block trade ever of Bakkt’s Bitcoin futures contract.In the announcement, Bakkt’s parent company, Intercontinental Exchange (ICE), said the deal is done but hasn’t disclosed any further details (as price or size). Trabue Bland, President of ICE Futures U.S said that since it launched last week, the Bakkt Bitcoin Futures has achieved several milestones,...

Bitcoin’s bounce from lows of $7,714.70 on September 30th gave bulls a solid reason to be optimistic. At that point, the number one cryptocurrency shed over 44% of its value from the 2019 top of $13,880. To some traders, this price action is not out of the ordinary. More importantly, they expect bitcoin to resume its uptrend soon. Trader Rekt Capital is unfazed by the current bitcoin pullback. | Source: TwitterUnfortunately, the bounce was short-lived and bitcoin resumed its bearish trend....

Coinbase, that is a well-known large crypto exchange based in the U.S., has taken a decision to reinstated GBP moves targeted at its UK users. This has become known from the recently published official blog post.The company has further incorporated full support for five brand new crypto assets: XRP, Stellar (XLM), Augur (REP), 0x (ZRX) and Basic Attention Token (BAT) – to GBP digital wallets as the firm reported on a material day. Successful Cooperation between Coinbase and Clearbank Last...

Photo: Vanguard / LinkedInThe Vanguard Group is currently running tests on a new foreign exchange (FX) service which is powered by blockchain technology and will run peer-to-peer. The mutual fund giant is doing this to encourage asset trading and make this activity easier for managers, letting them trade currencies without the costs associated with involving the big investment banks.Bloomberg reports that a familiar source close to the project has revealed that the platform has already been...

Verisart is a platform designed to conduct certification and verification of artworks of different types which is carried out with the help of blockchain. Now it has become known that it has managed to get $2.5 mln in seed financing. The list of the most prominent participants of this round included Sinai Ventures, Galaxy Digital, EOS Fund, and Rhodium. The money raised will be used for further expansion of the company’s art platform.Robert Norton, who is a co–founder and CEO of Verisart...

XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.You probably won’t be excited to buy XRP in 2019 when you consider the...

On Thursday, after Facebook announced its new Threads app, Snap Inc. (SNAP) stock fell up to 7%. Facebook’s latest attempt to clone features already being used by Snapchat is only one of many, which has since pitched both social media giants together in the public eye.Even though Threads is a stand-alone app, it allows users already on Instagram to exchange status updates and media including photos and videos, to specific people who make up their “close friends”, an Instagram feature which...

Bitcoin cash price is currently correcting higher after testing the 200 support against the US Dollar.The price is facing a lot of hurdles on the upside near $240 and $250.There is a key bearish trend line forming with resistance near $240 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could test the $240 and $250 resistance before it resumes its decline in the near term.Bitcoin cash price is trading in a bearish zone below $250 against the US Dollar. If BCH/USD...