Tag Archives: News

EOS price is back in a negative zone below the $2.500 support against the US Dollar.There is a cluster of supports on the downside near the $2.300 level.There is a major declining channel forming with resistance near $2.500 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).A clear break below the $2.300 support zone could spark more downsides in the near term.EOS price is slowly moving back into a downtrend against the US Dollar, similar to bitcoin. However, if the price...

Litecoin price is down more than 10% from the $45.00 resistance against the US Dollar.LTC price broke the key $40.00 support level to move into a bearish zone.There is a major bearish trend line forming with resistance near $41.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must stay above the $38.00 or $37.00 support to start a fresh upward move.Litecoin price is showing a few bearish signs below $42.00 against the US Dollar, similar to bitcoin. LTC price...

The decentralized finance (De Fi) arena is growing rapidly despite the recent falls of cryptocurrencies.De Fi: The Future of Money?As digital currency assets are dropping in price thanks to the coronavirus pandemic, the industry of decentralized finance is experiencing positive results. The arena centers on users providing and receiving digital currency payments to garner goods and services without the necessity of third parties or regulatory steps.Bobby Ong – the co-founder of Coin Gecko, a...

The argument surrounding next month’s highly anticipated bitcoin halving is revving up.The Bitcoin Halving: Could Be Bad, Could Be GoodThe bitcoin halving is slated to bring the number of block rewards garnered by bitcoin miners down by half. The event is designed to control inflation and ensure bitcoin maintains a level of rarity that keeps it popular and useful in today’s growing financial markets.While bitcoin has halved before, this event seems to be garnering more attention than past...

Bitcoin has started the day out well. After falling beneath the $7,000-mark last week, the world’s number one cryptocurrency by market cap has managed to add a further $200 to its overall price. While the currency is still below $7,000, it’s about to break this line once again.Bitcoin Is Heading for the StarsAt the time of writing, BTC is trading for $6,979. Another $20 or so and we’ll be in a whole new range for the third time over the past month. The currency has suffered greatly at the...

ADA price declined sharply after it failed to surpass the $0.0375 resistance against the US Dollar.It traded as low as $0.0319 and it is currently correcting higher.There is a major bearish trend line with resistance near $0.0342 on the 4-hours chart (data feed via Kraken).The price is likely to restart its downtrend if there is no break above $0.0350.Cardano price is showing a few recovery signs against the US Dollar, similar to bitcoin. ADA price must surpass the $0.0350 resistance to start...

Bitcoin price declined and tested the $6,550-$6,600 support area against the US Dollar.It is currently correcting higher and trading above the $6,800 level.There is a major bearish trend line forming with resistance near $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must surpass $7,050 and $7,200 to start a strong upward move in the near term.Bitcoin price is struggling to recover above $7,000 and $7,200 against the US Dollar. BTC could resume its decline...

As several companies in the crypto space work hard to up the ante on their security offerings and lower the prospects of illicit trading, it looks like something is doing the job for them… the coronavirus.The Coronavirus Is Having a “Reverse Effect” of SortsThe global pandemic has made its way to virtually every corner of the world, with over one million cases and more than 100,000 deaths recorded at press time. Aside from the toll it’s taken on human life, the virus has also had a massively...

Peer-to-peer (P2P) trading platform Oobit has joined hands with Coinbase, one of the largest and most popular cryptocurrency exchanges in the U.S., to give its customers wallet and custodial services.Oobit Is Making It Easier to Get VerifiedIn addition, Oobit is working with the exchange to establish what called the Oobit Pass, a new tool that allows users to verify themselves and satisfy know your customer (KYC) procedures quickly so they experience no delays in trading.The co-founder of...

The crypto market has been up and down since the weekend, with assets like bitcoin losing more than $500 from its price on April 10.Bitcoin Is Tumbling Down the StairsLast week marked a solid end to what appeared to be a longstanding bearish cycle that was repeatedly striking the world’s primary cryptocurrency by market cap. The currency had initially struggled – and struggled hard – to relieve itself of the measly and miniscule $6,000 range it had been stuck in for several weeks. Finally,...