Tag Archives: Altcoin News

Ripple price is facing a strong resistance near the $0.2650 level against the US dollar.The price is currently consolidating and is trading above the $0.2580 support area.There was a break above a crucial bearish trend line with resistance near $0.2585 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could sharply climb higher if there is a daily close above the key $0.2650 resistance area.Ripple price is trading in a broad range below $0.2650 against the US...

Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of...

Hey, Ripple: if you want to continue to anger your fans and customers, just keep doing what you’re doing! The company has now moved more than $26 million USD in XRP units to a wallet held by one of the company’s founders, Jed McCaleb, the same man who co-founded Stellar and the now defunct Mt. Gox exchange in Japan in 2011.Ripple Keeps Making Questionable MovesMt. Gox is one of the most notorious platforms in cryptocurrency history. The company lost more than $400 million USD in BTC units in...

It looks like some people (or entities) can change their minds after all. Despite a mixed relationship with cryptocurrency in the past, the People’s Bank of China (PBC) appears to finally be easing up to it. Is China Becoming “Friendlier?”As China’s central bank, the financial institution is looking to release its own digital currency in the future. This is not the same digital currency that China had initially announced weeks ago as a means of combating Libra. This would be an entirely...

It appears Libra doesn’t have that many fans. The new digital currency from Facebook is stemming controversy and dislike everywhere it goes, and now the European Central Bank (ECB) is taking what it deems to be necessary action by building its own national digital coin as a means of competing with it. Libra Just Can’t Find FriendsThis isn’t the first time a country (or in this case, continent) has emerged with a new digital currency to fight Libra’s alleged attacks. The first is China, who...

Who would have ever guessed that music and the blockchain could go so well together? Warner Music Group, the company behind major music stars like Cardi B and Ed Sheeran, has invested more than $11 million in Dapper Labs. Warner Music and Dapper Labs: A Perfect Match?Warner Music first became interested in the company following its introduction of Crypto Kitties in 2017, a popular cryptocurrency-based game that allows players to “breed” digital cats. Warner senior vice president Jeff...

Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders...

Was Jeffrey Epstein into cryptocurrency? The alleged criminal made headlines several weeks ago when it was discovered he had committed suicide in his jail cell, but news is emerging that he may have contributed funds to MIT’s Media Lab and its Digital Currency Initiative (DCI). As a result, the Lab’s director Joichi Ito has resigned his position. Ito Out at MITThe DCI was developed roughly four years ago. Following the fall of Mt. Gox in Japan, bitcoin was incurring the worst bear period of...

Litecoin price is correcting lower after trading towards the $75.00 level against the US Dollar.LTC price is likely to remain supported near the $68.00 and $66.00 levels.There is a crucial bullish trend line forming with support near $66.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could start a fresh increase if it breaks the $70.00 and $72.00 resistance levels.Litecoin price is showing positive signs against the US Dollar, while bitcoin is correcting lower....

Ethereum continues to languish against bitcoin. Here's what it needs to break the downward spiral. | Source: ShutterstockTo say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair.$ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W—...