Markets

Bitcoin cash price started a fresh increase above the $650 resistance against the US Dollar. The price is now trading above the $650 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $660 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $680 and $690 resistance levels. Bitcoin cash price is moving higher above $650 against the US Dollar, similar...

It appears Coinbase – one of the most popular crypto exchanges in the western hemisphere – has had a little security hiccup it needs to make up for. The trading platform accidentally sent out emails or text messages to a multitude of customers claiming that their two-factor authentications were compromised or changed in some way. This was not true, and now the company is looking to reward these customers with approximately $100 in bitcoin as a way of saying, “Our bad!”...

Years after halting its services, the saga with BitConnect has taken another turn as the SEC has filed an action against the founder and some of the promoters. The Commission has alleged that they have swiped more than $2 billion from retail investors through an unregistered offering of digital assets. The SEC Files Charges Against BitConnect Founder Launched in early 2016, BitConnect promoted itself as a platform with a highly advanced trading bot that urged users to deposit...

The team behind the third-largest cryptocurrency by means of market capitalization – Cardano – announced that they’ve successfully added smart contract capabilities to the current testnet of the platform. Smart Contracts Live on Alonzo In an announcement made on September 2nd, Input Output – the research and development company behind Cardano – revealed that they’ve successfully updated the Alonzo testnet to now include Plutus smart contract capabilities. Yesterday, we...

Changpeng Zhao – Founder and Chief Executive Officer of Binance – said the US arm of the cryptocurrency exchange could follow Coinbase and have an initial public offering in the next 36 months. In a recent interview with The Information, the head of Binance – Changpeng Zhao – revealed that Binance.US – the company’s affiliate in the States – plans to launch an IPO in the next three years: “Binance.US is just going to do what Coinbase did.” – said Zhao. Coinbase – another...

EOS price started a fresh increase above the $5.00 resistance zone against the US Dollar. The price is now trading above $5.00 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $5.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it settles above the $5.40 pivot level. EOS price is gaining pace above $5.00 against the US Dollar, similar to...

Litecoin price started a fresh increase above the $175 resistance zone against the US Dollar. LTC price is now trading above $180 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $174 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $175 support to continue higher in the near term. Litecoin price is gaining pace above $180 against the US Dollar, similar to...

El Salvador is all set to make bitcoin legal tender by next week, and yet already the country is experiencing a lot of resistance and fear from its own people. El Salvador Is Pushing Bitcoin, But Not Everyone’s Happy In many ways, bitcoin is still a new – and struggling – technology. The world’s number one digital currency by market cap, like many of the globe’s cryptocurrencies, was initially designed to serve as a payment tool; something that would ultimately push...

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BTC finished August on a positive note, printing the second consecutive monthly candle higher, completing an increase of 13.6%. This is quite notable for the largest cryptocurrency as the 2018 bear market never saw 2 strong consecutive monthly closes higher. Chart by TradingViewBitcoin’s Near-Term Consolidation BTC continues the near-term consolidation after finding resistance at $50k. So far, bitcoin’s price has held the green zone of support between $48.1k to $46k, where...