Tag Archives: Cryptocurrency News

Ripple has been in a brutal downtrend for nearly two years. Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern. Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt. Ripple’s XRP has been in a downtrend for almost two years. The third-largest cryptocurrency posted an all-time high of $3.30 in January 2018. Since then, investors have experienced...

In what sounds like the makings of the plot of a telenovela series, top crypto billionaire and founder of cryptocurrency mining giant Bitmain Micree  Ketuan Zhan has been forced out of his own company where he holds about 60% control. CEO and fellow co-founder Jihan Wu has terminated all the day-to-day working positions and responsibilities that Micree Zhan had and held within the organization down to the deletion of his e-mail and denial of access to Bitmain’s premises.Bitmain, meanwhile,...

Bitcoin’s dramatic 40% move puts it closer to knocking out new yearly highs. The leading digital currency faces a critical inflection point, based on the technical indicators. A look at the daily charts reveals BTC could be primed to breach $16,000 or fall all the way back to $8,500. Bitcoin is on a roll since Friday after Chinese President Xi Jinping announced that his country would “take the leading position in the emerging field of blockchain.” The pioneer cryptocurrency surged...

While Facebook continues its arduous battle with U.S. authorities regarding the launch of its Libra digital currency, China seems to be making a lot more progress not just with the development of its own Central Bank Digital Currency (CBDC), but also with the acceptance of the technology in the country, especially after the President’s statement. Now, an ex-government official has said that China’s CBDC will definitely be the first in the world, to issue a properly applicable...

Bitmain co-founder Micree Zhan was reportedly ousted from the company on Tuesday. Zhan is the wealthiest cryptocurrency billionaire according to the Hurun rich list. Traders are now worried Zhan could dump 1.6 million bitcoin cash in retaliation. Bitmain co-founder and executive director Micree Ketuan Zhan has reportedly been forced out of the company in a bitter clash with business partner Jihan Wu. In a statement issued to Chinese media, Bitmain confirmed that Wu would take...

Bakkt’s consumer app trials to commence by mid-2020. Starbucks is the largest coffee chain in the world by the number of outlets. Bakkt wants to move beyond futures trading. Months after Starbucks disappointed the crypto space by backpedaling on reports that it would be accepting direct Bitcoin payments, the coffee chain has been announced as the first launch partner of Bakkt’s upcoming crypto payments service. According to the Bitcoin futures exchange founded by the parent company...

Bakkt is currently looking to help its retail community to trade cryptocurrencies as seamlessly as possible. The platform has decided to do this with the launch of a consumer-focused app that will help these customers easily use this app for proper business interactions with several merchants, using digital assets. Starbucks that has already a history of cooperation with Bakkt will be the first merchant on the platform.According to an official Bakkt blog post, Chief Product Officer Mike...

Stocks in Chinese blockchain A-share companies “maxed out” to their 10% daily limit after a president Xi Jinping focused the attention of the public to the potential of the technology encouraging digital currencies, increasing the rise in related stocks and Bitcoin, which for the short time, though, went over $10,000.Xi said China should hurry up with its research into blockchain, the open ledger system that cryptocurrencies rely on. China’s central bank has been developing its own digital...

It seems that Tron (TRX) and EOS became China’s favorite children, at least if it’s to believe newly published CCID Crypto Ranking. The Chinese Ministry of Industry was always perplexing its selection of criteria, putting EOS up at the top based on its innovation.But let’s start with Tron. The Chinese blockchain platform that was previously under strict scrutiny from Beijing, got its satisfaction last week when Chinese President Xi Jinping gave a speech almost celebrating blockchain. China,...

Almost out of nowhere, the bitcoin price surged by 40% within a matter of hours. The rally brought out the bitcoin bulls, along with their starry-eyed price forecasts. But what if this historic bounce is also the last one the cryptocurrency will ever see? After dropping for months, bitcoin’s price spiked 40 percent when China’s president announced the country’s embrace of blockchain technology. This marked the third-biggest 24-hour rally in bitcoin’s history and sent the cryptoverse...