For the longest time, executives of Libra have stated that users can expect a release date of 2020 for the coin. However, 2020 has finally arrived, and the project doesn’t look any closer to coming to fruition than it did roughly one year ago.Libra Could Be DelayedThe currency – first introduced in June of 2019 – has experienced its fair share of hard blows over the past seven months. For one thing, many people don’t trust the currency after all the dirt that’s gone down with Facebook, most...
Read More »Libra Has Lost Another Association Member in Vodafone
Another major partner has left the Libra project in the dust. This time, the one making a grand exit is Vodafone, an international prepaid phone carrier.Libra Is Still SufferingLibra has had a very rough history. First introduced to users in June of 2019, the project has seen its fair shares of ups and downs (more downs, at this stage) and has been the subject of widespread criticism from international leaders and U.S. regulators alike.The company has also lost several big-name supporters...
Read More »Bitcoin Sheds More than $300 Off Its Price
It looks like bitcoin is beginning to lose some of the momentum it first gathered at the beginning of the month.Bitcoin Is Traveling SouthThe world’s number one cryptocurrency by market cap is currently trading for just over $8,300. This marks a nasty fall from yesterday’s high $8,600 range, which it had managed to sustain for several days. To be fair, however, most of the cryptocurrency space is trading at dismal numbers, with entities like Ethereum, Ripple and Litecoin all having fallen by...
Read More »Bitcoin Cash Analysis: Primed For More Downsides Below $300
Bitcoin cash price started a fresh decline after it failed to stay above $400 against the US Dollar.The price broke a few key supports near the $350 and $340 levels.There was a break below a major contracting triangle with support near $331 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $312 and $300 support levels in the near term.Bitcoin cash price is declining and struggling to stay above $312 against the US Dollar....
Read More »EOS Price Analysis: Risk of Additional Losses Below $3.5
EOS price started a downside correction after trading to a new yearly high at $4.073 against the US Dollar.The price is declining and it recently broke the $3.800 support area.There was a break below a key bullish trend line with support near $3.600 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of additional losses below $3.550 and $3.500 in the near term.EOS price is correcting lower from the recent high against the US Dollar, just like...
Read More »Litecoin (LTC) Price Analysis: Signs of Bearish Extension To $52
Litecoin price topped near the $63.20 area and declined recently against the US Dollar.LTC price is now trading below the $60.00 level, with a couple of bearish signs.There is a key bearish trend line forming with resistance near $58.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides below the $55.00 support area.Litecoin price is currently correcting lower below $60.00 against the US Dollar, similar to bitcoin. LTC price could...
Read More »BSV Is Firing On All Cylinders, but Can This Momentum Last?
Bitcoin SV (BSV) is one of the crypto industry’s top new coins. Last week, it was performing extremely well and had added nearly 100 percent to its overall value. That means it nearly doubled in price over the course of just a few days and was trading for well over $300.BSV Is On a Serious RollNow, the currency’s blockchain has managed to integrate itself into roughly 400 separate projects and companies across the globe. This number is expected to move even higher in the coming weeks as more...
Read More »Cardano (ADA) Price Analysis: Rally Could Accelerate Above $0.05
ADA price is trading in a solid uptrend above the $0.0430 support resistance against the US Dollar.The price is likely to accelerate gains above the $0.0500 resistance in the near term.There is a major ascending channel forming with support near $0.0435 on the 4-hours chart (data feed via Kraken).The price could surge towards $0.0550 and $0.0650 if it settles above the $0.0500 resistance area.Cardano price is showing a lot of positive signs against the US Dollar, similar to bitcoin. ADA price...
Read More »A New Platform to Enable Communication Between Ethereum Enterprises Is in Development
The Enterprise Ethereum Alliance (EEA) is looking to bring about new ways in which the Ethereum blockchain can be utilized for private businesses.Can Ethereum-Based Businesses Work Together?One of the main issues encountered in the Ethereum space is that while several businesses and platforms utilize Ethereum technology, very few of them can communicate with each other. Paul DiMarzio – director of community for the EEA – commented that while many enterprises have sought out Ethereum’s...
Read More »Peter Schiff: All My BTC Can’t Be Accessed
Peter Schiff – a longtime bitcoin skeptic – claims that his digital wallet was somehow compromised; that his password is no longer valid, and all his cryptocurrency funds are frozen.Peter Schiff – All My BTC Is Gone!It’s strange that Schiff owns any bitcoin at all. The man has long claimed that bitcoin is useless, even more useless than marijuana in a recent interview. He previously stated:You can smoke pot and get high. You can’t do anything with bitcoin.The man has long been a hardcore...
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