Markets

Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar,...

Hedge fund manager Ray Dalio shared his thoughts about the future of Bitcoin, stating that a crypto ban in the United States has “good probability.”Dalio outlined how central banks are interested in controlling the supply and demand of their respective country.They [banks] decided it was in their interest to have a monopoly on banking in a country,” adding that when other types of money, like crypto, create their own supply and demand “things could go bad.”- He said.Banks Don’t Want...

Tesla and bitcoin are far more connected than we realize, according to some analysts and financial institutions. Deutsche Bank, for example, has recently issued a statement saying that the next two to three years are likely to be real turning points for the world’s number one digital currency by market cap strictly because of the action Tesla has taken and will take in the future. Tesla and BTC Are Attached at the Hip The real relationship between bitcoin and Tesla began...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.Since the start of the week, the prices of Bitcoin (BTC), and Ethereum (ETH) have experienced a heightened level of volatility, pushing them from resistance level to new support at relatively short intervals. While the market showed promises of revival yesterday, a twist has been introduced, pushing both coins even to their lowest points in the past...

Bitcoin price dipped approximately 6.6% in the past 24-hours according to metrics provided by CoinGecko.  Bitcoin price experienced a sharp decline on March 24 to trade below $52k, consequently, its market cap dipped below the $1 trillion levels to approximately $968 billion at the time of writing according to CoinGecko. However, Bitcoin’s daily trading volume remains high as it was around $62.9 billion. Right before yesterday’s dip, Bitcoin had pumped to highs of $57k, which was attributed...

Bitcoin dropped by a sharp 10% over the past 24 hours as it headed towards $50K. The cryptocurrency has been falling throughout the entire week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday.It initially found support at $54,000, but it was broken down yesterday, causing Bitcoin to fall further into the .618 Fib Retracement at $51,540. Today, the price decline continued as the 10% price fall caused BTC to record a current...

Skrill digital wallet users in the selected states can now purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin through Coinbase.Paysafe Group Limited subsidiary Skrill digital wallet has partnered with Coinbase to venture into the United States crypto market. Through the partnership, Skrill digital wallet customers across 37 states and territories can now access the crypto market through the Coinbase cryptocurrency exchange.Paysafe through Skrill has taken notable steps to venture into the...

Binance has hired two former executives from world-renowned regulatory organizations – Rick McDonell and Josee Nadeau. The popular crypto exchange aims to enhance its AML and CFT endeavors and develop more robust relationships with law enforcement bodies worldwide. The Malta-based crypto exchange announced the latest hirings in a press release shared with CryptoPotato.  Rick McDonell is the former Financial Action Task Force (FATF) Executive Secretary and Executive Director to the Association...

[Press Release – Berlin, Germany, 25th March, 2021, // ChainWire // ]Zeitgeist, the company developing a prediction market platform launching exclusively on the Kusama network, announced the completion of a $1.5M seed round. Included in the round were D1 Ventures, Genblock Capital, AU21 Capital, Digital Renaissance, A195 Capital, Four Seasons Ventures, Brilliance Ventures, BlockSync Ventures, co-founders of Acala, and an individual from Web3 Foundation. The funding will be used to accelerate...