Encrypted messaging service Telegram is putting up a fight with the Securities and Exchange Commission (SEC).Telegram Is Duking It Out with the SECThe company is in hot water after the government organization claimed Telegram had failed to properly register a token offering a few years ago that resulted in more than $1 billion in revenue for the messaging service. The enterprise made quite a bit of money after promising delivery of its new “gram” tokens to several individual investors, though...
Read More »EOS Price Analysis: Is This Fresh Reversal To $2.8 or $3.0
EOS price is trading in a positive zone above the $2.200 resistance against the US Dollar.The price is likely to continue higher if it clears the $2.300 resistance area.There was a break above major bearish trend line with resistance near $2.230 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).There are a few key hurdles on the upside, starting with $2.300 and up to $2.520.EOS price is currently gaining bullish momentum towards $2.500 against the US Dollar, similar to...
Read More »Litecoin (LTC) Price Analysis: Bulls Likely Preparing For Strong Surge
Litecoin price is slowly gaining bullish momentum above the $38.00 area against the US Dollar.LTC price is likely to accelerate higher once it clears the $41.00 resistance area.There was a break above a key contracting triangle with resistance near $39.05 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well bid above $38.00 and $37.20 levels in the near term.Litecoin price is currently gaining bullish momentum against the US Dollar, similar to bitcoin. LTC...
Read More »Cardano (ADA) Price Analysis: Bulls Eyeing Crucial Upside Break
ADA price is currently rising and it is trading above the $0.0300 resistance against the US Dollar.A strong support base seems to be forming above $0.0280 and $0.0265.There was a break above a major contracting triangle with resistance near $0.0301 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher and it could accelerate once there is a break above $0.0320.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. However, ADA price must...
Read More »The Digital Dollar: Not a Question of If… but When?
The digital dollar was recently cast out of the United States’ $2 trillion economic stimulus package designed to boost the country’s infrastructure following damage caused by the coronavirus.The Digital Dollar Could Have Done So MuchMany analysts agree that the notion of a digital dollar would likely be of great aid to bitcoin and the crypto industry, and that regulators initially missed a huge opportunity to support one of the finance world’s biggest tools.While the idea of digital dollar...
Read More »Tron (TRX) Price Analysis: High Chances of Bullish Break above $0.012
Tron price is currently facing a strong resistance near the $0.0118 and $0.0120 levels against the US Dollar.TRX price is likely to remain well bid above the $0.0110 support area.There is a key contracting triangle with resistance near $0.0118 on the 4-hours chart (data feed via Bitfinex).The price could dip a few points, but it is likely to find support near the $0.0110 area.TRON price is trading in a crucial range with positive signs against the US Dollar, similar to bitcoin. TRX price...
Read More »Ethereum Price Analysis: ETH Preparing For Next Significant Break
Ethereum price is currently holding the key $124 support area against the US Dollar.ETH price seems to be struggling to clear the $134 and $135 resistance levels.There is a major contracting triangle forming with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price could either rally above $135 or it might dive back towards the $110 support area.Ethereum price is trading in a range and preparing for the next move against the US Dollar. ETH/USD must gain traction above...
Read More »Stellar Lumen (XLM) Price Approaching Make-or-Break Levels
Stellar lumen price is currently recovering higher from the $0.0375 area against the US Dollar.XLM price is likely to face a strong resistance near the $0.0405 and $0.0410 levels.Earlier, there was a break below a major bullish trend line with support near $0.0400 on the 4-hours chart (data feed via Kraken).The pair could surge towards $0.0440 if it clears the main $0.0410 resistance area.Stellar lumen price is recovering towards major hurdles against the US Dollar and bitcoin. XLM price...
Read More »Ripple Price Analysis: Bulls Protecting Key Support Near $0.16
Ripple price declined recently from the $0.1880 resistance area against the US dollar.The price is now trading below $0.1700, but it is holding the key $0.1600 support.There is a key bullish trend line forming with support near $0.1605 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only resume its upward move as long as it is above the $0.1600 support area.Ripple price is holding a key uptrend support near $0.1600 against the US Dollar. XRP price is likely...
Read More »CME Group Looks to Unveil Its Own Token and Extract Cryptocurrency
The CME Group in Chicago, Illinois, is proving to be one of the biggest and most influential establishments in the entire crypto community.The CME Group Is Heading for the TopThe company has gone on to break all kinds of records with its latest bitcoin futures options, which became available in late January of this year. The firm has already managed to outdo the likes of Bakkt, which arguably had greater publicity going into the bitcoin futures market and had more of a leadup before its doors...
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