Tag Archives: News

China has long been touting the idea of its own national digital currency, and now it looks like the token is being tested through American businesses.China Is Unveiling Its New Digital YuanAmong the ventures that have agreed to participate include Seattle-based coffee king Starbucks, as well as fast food restaurants like McDonald’s and Subway. Starbucks is interesting in that the company has long been a heavy advocate of crypto. It was one of the first enterprises to join hands with Bakkt,...

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.Bitcoin Could Be Big Again SoonIt seems like everywhere you look – whether it’s Asia, America, Europe, etc. – people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.However, some analysts believe this won’t be bad for bitcoin in the long...

Bitcoin has had a rough year thus far, but now the currency is showing strong signs of recovery, and many enthusiasts and traders believe this year could wind up becoming the new “2017.”Bitcoin Could Reach Its All-Time High AgainAs we all remember, 2017 is arguably bitcoin’s best year in the record books. The currency struck new territory and hit nearly $20,000 to reach an all-time high. Prior to that, the year was marked by consistent gains and bullish behavior that saw the asset gaining...

Is it possible that bitcoin is suddenly spiking because people are fighting back harder than ever against the coronavirus?Bitcoin Is Jumping… And So Are ResidentsWhile this is purely speculative, one cannot help but notice that now, right as people are beginning to protest current stay-at-home orders and stand outside governors’ mansions to herald their right to work, bitcoin has endured a significant rise.Over the past several weeks, bitcoin has been trapped in the doldrums, though things...

Taiwanese smartphone maker HTC is adding a new crypto mining feature to its Exodus I phone.HTC – Bringing New Power to SmartphonesUnder normal circumstances, mining crypto can be a relatively complicated process. Usually, it requires a hard-hitting computer with lots of energy and electrical power to get the job done. Often, the work cannot be completed with one computer alone or will require multiple mining machines to extract all the operator is looking to attain.One of the other big...

Yesterday saw the price of bitcoin – the number one cryptocurrency by market cap – jump all the way into the $7,500 range. The currency has added more than $400 to its price in just 24 hours. What happened suddenly, and why is bitcoin deciding to return to its old bullish ways?Bitcoin Is On a RollThis is great news for analysts – many of whom have been predicting a solid rise in the bitcoin price over the past few weeks – and for traders, who are seeing the bullish ways of their industry fly...

Following a recent drop into the high $6,000 range, bitcoin – the world’s number one cryptocurrency by market cap – has surged back above $7,100, suggesting that this is where it’s likely experiencing the most resistance.Bitcoin Surges Once AgainBitcoin has gone back and forth over the past couple of weeks, falling and jumping between $6,700 and $7,200. There appears to be a $500 range of heavy activity, the bottom of which present necessary support, while the upper range is providing...

A digital currency mining scam has surfaced in China. In an age where malicious crypto schemes are at an all-time high, China and certain other regions of Southeast Asia appear to be a growing hub for such activity.A Digital Mining Scam for the AgesThe scam stems from a company known as Antimatter Kingdom (AK), which reported calls itself a “super mining application group.” The organization runs on the CXC Chain, which first appeared in early April. As much as $11 million has been stolen from...

Yele Bademosi is the 29-year-old director of a venture capital firm known as Bundle. A division of Binance – the world’s largest and most popular cryptocurrency exchange by daily trading volume – the venture is based in Africa, which appears to be a growing hub for cryptocurrency activity.Bademosi: Using Blockchain to Help OthersAmong the most recent “African adventurers” touting crypto include Jack Dorsey, who stated a few months ago that he would spend anywhere between three and six months...

Bitcoin cash price is gaining bullish momentum above the $232 resistance against the US Dollar.The price is likely to accelerate higher towards the $258 and $260 resistance levels.There was a break above a crucial bearish trend line with resistance near $234 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct a few points, but dips remain well supported near $232 and $230.Bitcoin cash price is trading in a nice uptrend above $230 against the US Dollar....