Tag Archives: News

Bitcoin price is currently consolidating gains above the $8,520 pivot level against the US Dollar.It is currently facing a major resistance near the $9,100 and $9,200 levels.There is a major contracting triangle forming with resistance near $9,110 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,100 and $9,200.Bitcoin price is showing bullish signs above $8,800 and $8,520 against the US Dollar. BTC is...

Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...

The Libra Association has garnered a new addition to its family in the form of Checkout.com.Libra Is Growing AgainThe company announced last Tuesday that it would step aboard the Libra Association and serve as a governing member. In the future, Checkout.com will serve as one of the Libra leaders and help the organization assert governing regulations for how the currency can be used and what it can be used on.In a statement, the company announced:The Libra project holds the promise of...

Andreessen Horowitz (a16z) – a well-known venture capital firm – has announced it will be creating a second fund devoted entirely to digital currencies.a16z Creates Fund Number TwoThe company says it’s looking to center its focus on new use cases for digital assets including decentralized finance, payment systems and content monetization. The firm first gave rise to a cryptocurrency fund back in June of 2018. Approximately $300 million was invested in it. This second fund will be worth more...

Tron price is trading in a bullish zone above the $0.0150 support against the US Dollar.TRX price is currently facing a strong resistance near the $0.0165 and $0.0166 resistance levels.There is a major bullish trend line forming with support near $0.0156 on the 4-hours chart (data feed via Bitfinex).The price could correct a few points, but it is likely to remain well bid above $0.0155.TRON price is trading in an uptrend above $0.0150 against the US Dollar, similar to bitcoin. TRX price could...

Ethereum price is trading nicely above the $198 and $200 support levels against the US Dollar.ETH price is likely to break the $214-$215 resistance region for a fresh rally.There is a major bullish trend line forming with support near $201 on the 4-hours chart (data feed from Coinbase).The pair could correct a few points, but it is likely to remain well bid above the $200-$201 zone.Ethereum price is trading in an uptrend above the $200 support against the US Dollar. ETH/USD is likely to break...

Members of Congress are urging Treasury Secretary Steven Mnuchin to use the blockchain to send out Americans’ stimulus payments.Will Blockchain Empower the U.S.?The request is coming a little late considering about 80 million people have already gotten their stimulus money by direct deposit. In addition, several other checks are already in the mail and making their way to recipients’ homes. That said, it’s an interesting notion that the U.S. Congress is becoming so “blockchain focused.”It was...

Bitcoin is on the rise, and according to new evidence, the reason may be due to increased buying on cryptocurrency exchanges like Coinbase.Coinbase Is Bursting with BTC TradesBitcoin is trading for just shy of $8,900, though last week, it briefly shot up to the mid-$9,000 range. While originally it was believed that buying activity had increased on derivatives platforms, some analysts believe purchases on spot crypto exchanges may be the real “culprit” behind bitcoin’s meteoric...

Uh oh. Is Tether behind bitcoin’s latest surge?Tether Is At It AgainOver the years, rumors have swelled that Tether has been tied to bitcoin as a way of boosting its price. University of Texas finance professor John Griffin has put out reports in the past suggesting that the 2017 bitcoin burst we all witnessed was actually caused by traders using Tether – a controversial stable currency – to purchase bitcoin whenever it’s price went down.Stable coins are those supported by fiat currencies,...

Stellar lumen price climbed towards the $0.0765 level before correcting lower against the US Dollar.XLM price is now trading below the $0.0700 level, but downsides are likely to be limited.There was a break below a major bullish trend line with support at $0.0720 on the 4-hours chart (data feed via Kraken).The pair could correct further lower towards the $0.0625 support, where the bulls might take a stand.Stellar lumen price is currently correcting lower against the US Dollar, similar to...