Tag Archives: btcusd

BitcoinBitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday.Luckily, it found support at a rising trend line, which has kept the bullish trend intact for now.Looking ahead, if the buyers push higher, resistance lies at $9,815 and $10,000. Above this, added resistance is...

More than a year after the sad end of Canadian cryptocurrency exchange QuadrigaCX, a new investigative report published by Ontario’s securities regulator reveals that the exchange had gone rogue long before the co-founder was pronounced dead in India.QuadrigaCX was one of Canada’s largest exchanges until late 2018 before the sudden passing of its co-founder and CEO Geral Cotten. The company then claimed only Cotten had access to the private keys of the exchange’s cold wallets, which held some...

Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner.As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock markets.There was one asset, however, that remained stable and seemingly unfazed by the market crash. Gold remained stable, completely uncorrelated with both...

According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban.India Changes Its Mind On Crypto (Again)?A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial consultations. After the consultations, it will reach the cabinet and subsequently, the Parliament.Should it be successfully implemented, it could effectively...

Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low.In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term symmetrical triangle is coming to its apex, and a decision is soon to be made.”As Bitcoin couldn’t breach the $10,000 for maybe the sixth attempt since May 7, and together with the...

Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration.Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview.Trump’s Head Of OCC Likes Blockchain And CryptoBrooks served as the chief legal officer of the largest US-based cryptocurrency exchange from 2018 until just recently. He...

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

Chinese national college exams have reportedly included questions about cryptocurrencies in one of the test papers. About ten thousand applicants have to answer a question concerning Bitcoin mining in July this year.“Why Bitcoin Miners Would Cluster In The Province Of Sichuan?”As announced, the question looks for an analysis of the economic geography in Sichuan province and how it reflects on the Bitcoin mining industry in the region. This year’s national college tests’ edition, known as...

The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on Bitcoin’s mainnet. Called ION, it’s designed to bring back the control of personal information from centralized entities to individuals.Microsoft’s DID Employs Bitcoin’s NetworkThe tech giant explained its decentralized identifiers as a technical component “that makes decentralized identity possible.” It outlined that companies and other...

WhaleAlert has identified another wave of transfers of some of the funds stolen during the Bitfinex hack of 2016. According to reports, the hackers moved a total of 416 BTC ($4,089,151) at around midnight, Wednesday 10, 2020, to multiple unknown Bitcoin addresses.The hackers transferred the coins to 20 different addresses, with each transaction carrying between 15 BTC to 33.3 BTC. Some of the receiving addresses then moved the funds to other unknown addresses.$5.1 Million Moved in 3 WeeksThis...