Tag Archives: Altcoin News

Ripple price started an upside correction from the $0.1750 swing low against the US dollar.The price is trading above the $0.1900 level, but facing many hurdles near $0.2000There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A clear break above $0.2000 and $0.2050 is needed for upside acceleration.Ripple price is trading below key hurdles near $0.2000 against the US Dollar. XRP price could either rally...

Facebook’s cryptocurrency project Libra is still very much up in the air, according to board member Patrick Ellis.Ellis Admits Facebook Has No Clue What It’s DoingComing about in late June of 2019, Libra has sparked controversy at every turn, and has people split right down the middle regarding how trustworthy it is and how useful it will be. The idea is that Libra will be used as a cryptocurrency through Facebook for third-world nations to purchase goods and services. Many of these regions...

The Securities and Exchange Commission (SEC) is continuing to exhibit its newfound hard-as-nails attitude towards crypto and blockchain ventures, and has recently enforced a $250,000 penalty on a startup called Blockchain of Things Inc. (BCOT)The SEC Is Not to Be Taken LightlyThe SEC alleges that the company hosted an unregistered initial coin offering (ICO) back in December 2017. That ICO resulted in roughly $13 million in capital gained for BCOT. Granted the company is forced to comply with...

The British Virgin Islands are trying to take over the monetary space by establishing their own cryptocurrency. The asset would serve as the region’s national form of fiat, but how valid is the plan?British Virgin Islands Constitute High Levels of Crypto ActivityIt appears we’ve entered an age where virtually every country or corporation is looking to establish some sort of presence in the crypto arena. Examples include China and, of course, Facebook.China is a huge country with more than a...

Bitcoin cash price is currently correcting higher above $180 against the US Dollar.The price is facing many challenges on the upside near $188, $192 and $196.There are two key bearish trend lines forming with resistance near $188 and $196 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to struggle near the $196 level and it might resume its decline.Bitcoin cash price is showing a few positive signs above $180 against the US Dollar. However, BCH/USD must...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...

EOS price is recovering nicely from the $2.149 monthly low against the US Dollar.The price is up around 10% and it even tested the main $2.500 resistance area.There is a crucial bearish trend line forming with resistance near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to move into an uptrend if it settles above the $2.500 resistance area.EOS price is showing a lot of positive signs against the US Dollar, just like bitcoin. Still, the price...

Litecoin price is recovering nicely from the monthly low of $35.85 against the US Dollar.LTC price is up around 10% and it even climbed above the $40.00 resistance area.There is a crucial bearish trend line forming with resistance near $42.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could consolidate in the short term before it revisits the $42.00 resistance area.Litecoin price is showing a few positive signs against the US Dollar, similar to bitcoin. LTC...

ADA price is under a lot of pressure below the $0.0350 level against the US Dollar.The price is down more than 10% and it traded close to the $0.0300 support.There is a major bearish trend line forming with resistance near $0.0355 on the 4-hours chart (data feed via Kraken).The price could recover in the near term as long as it is above the $0.0300 support.Cardano price is in a strong downtrend against the US Dollar and bitcoin. ADA price could correct higher, but the $0.0330 and $0.0350...

It’s happened again, folks. Another massive cryptocurrency hack is in the books. This time, the subject of the attack is VeChain, an enterprise blockchain platform that’s reporting losses of nearly $7 million.VeChain Is In the PitsApproximately 1.1 billion VET tokens – the official cryptocurrency of VeChain – have been stolen, amounting to roughly $6.53 million USD. In a blog post, the company states that the hack came about due to “human error” and the “mismanagement of the private key by...