Tag Archives: btcusd

Blockchain technology proved its worth recently in a wheat shipment deal from North America to Indonesia worth $12 million. The U.S.-based Cargill Incorporated and the Singaporean international trading company, Agrocorp, completed the trade using the dltledgers blockchain platform. $12 Million Deal On DLT Cargill Incorporated is an American privately held global corporation, whereas Agrocorp is a large International trade firm serving markets with globally sourced commodities. Both entities...

That was a crazy day for the price of Bitcoin. Some would say it’s an ordinary day, but as we wrote here in yesterday’s price analysis, after sideways action in a tight range, the primary cryptocurrency had exploded. After trading for the last few days between $6800 – $7000, it first started with a deep below the critical $6600 support, whereas the daily low was around $6472 (Bitstamp), which is the next-mentioned support level we had stated here yesterday. But it was only a quick glitch...

Craig Wright’s objection that attorney relationship between himself and his attorney and “spousal privilege, relevance, overbreadth, undue burden, disproportionality and cumulativeness” allowed him to deny producing the 11,000 documents in his historic case involving the Kleiman estate has now been overruled in a new court ruling April 13 that requires that Wright deliver all the relevant materials by April 17, 2020. The lawsuit concerns 1.1M bitcoin worth billions of dollars.Wright Denied...

Since the coronavirus crisis had started, in the second week of March, we mentioned the obvious correlation between Bitcoin price and the global markets.Since the crisis started, the lowest point of Bitcoin was reached together with the S&P 500’s low, and the impressive correction can be seen on both assets’ charts.However, unlike the S&P 500, which reached a new April high following Tuesday’s 4% rally, and Gold’s 8-year high, Bitcoin barely moved. Is it a bearish sign? It could...

Future victims of the crew behind the Sodinokibi Ransomware will have to pay with Monero, instead of Bitcoin, the group announced. They noted that combining the privacy coin with TOR will make the payments almost impossible to trace.Hacker Group Replaces BTC With XMRThe infamous group behind the Sodinokibi Ransomware is now accepting the privacy coin Monero as a primary payment method instead of Bitcoin. According to a recent report, the crew believes that utilizing XRM will make it harder...

It appears that banks are quickly adapting their policies to the current darkening economic outlook. In the US, the country’s fourth-largest lender – JP Morgan, is raising its mortgage borrowing standards as a response to the situation.JP Morgan Raising Mortgage Borrowing StandardsBorrowing money against a mortgage will be harder for US citizens starting tomorrow, April 14th. This became clear as the country’s fourth-largest lender, JP Morgan, was reported to increase its mortgage borrowing...

Binance, the world’s leading cryptocurrency exchange, launched Bitcoin options on its Binance Futures trading platform. At the time of this writing, the feature is only available on the platform’s mobile versions available for both Android and iOS.Bitcoin Options On Binance FuturesBinance Futures is where the users of the platform can place highly-leveraged cryptocurrency trades. Now, the team has also added Bitcoin options, allowing its users to access additional tools to better manage their...

After losing support above the $7,000 price benchmark, Bitcoin was trading steadily around the $6800 throughout the long weekend – including Good Friday, which took place last Friday.On our most recent BTC analysis from yesterday, we had stated that a price movement is imminent once the new week starts following the futures on Wall Street. Shortly after, Bitcoin initiated a decent move to retest the significant support at $7200, together with the 50-days moving average line (marked pink on...

A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset.Bursting Myths: Cryptocurrency UsageCryptocurrency payment transfers are much more anonymous than bank transfers, for example. As such, they have received a reputation for usage primarily in criminal...

China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter.Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and this will cause some changes in the cryptocurrency landscape, according to Changpeng Zhao, CEO at Binance.Cryptocurrency Operators To...