Tag Archives: News

Ripple price is currently trading in a positive zone above the $0.1880 support area against the US dollar.The price is likely to resume its rise above the $0.1965 and $0.1985 resistance levels.There was a break above a major declining channel with resistance near $0.1905 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is consolidating in a range and likely setting up for a break above the $0.2000 resistance.Ripple price is trading in a bullish zone above $0.1880...

Per some analysts, bitcoin may be headed into very bearish territory. As it stands, the world’s number one cryptocurrency by market cap is trading for over $7,200 at the time of writing, but some believe the asset is about to take a turn for the worse and could lose as much as 50 percent of its value.Bitcoin Could Find Itself Falling HeavilyBitcoin has already lost thousands off its price in the past two months. In mid-February, BTC was trading for well over $10,300, meaning its current price...

Bitcoin is set to undergo a major halving in the next few weeks, and this has sparked several questions amongst both analysts and everyday traders alike.The Halving Could Do a Lot for BTCOne of the big questions regarding bitcoin’s future after the halving revolves around whether it will be possible to perform a 51 percent attack on the world’s number one cryptocurrency by market cap. While bitcoin is the largest and most powerful digital currency and likely won’t fall victim to such a...

Today marks a solid change for the bitcoin price. At the time of writing, the world’s number one cryptocurrency by market cap has jumped into the $7,200 range – a solid $200 boost from where the currency last stood.Bitcoin Options Trading Is GrowingA lot of analysts are attributing this little surge to the fact that bitcoin options trading appears to have spiked in the last 48 hours. Over the past couple of days, many major exchanges – including Bakkt, OXEx and CME Group in Chicago – have...

The coronavirus has shut down many non-essential businesses, and that has affected the bitcoin mining arena in many ways.It All Depends on Where Bitcoin Mining HappensFor several bitcoin mining ventures, where they’re located has a lot to do with whether they’re permitted to run normally during the pandemic. In Canada, for example, bitcoin mining and the extraction of new cryptocurrencies is considered essential. Thus, many firms have been allowed to remain open, though some report that their...

The bitcoin halving has got everyone on edge, and searches surrounding the term are at an all-time high.What’s Going to Happen with the Bitcoin Halving?Bitcoin has halved in the past, so it’s not like the event scheduled for this coming May is anything special. However, many analysts say that bitcoin’s future may ride on this single halving for several reasons, as it will likely determine whether bitcoin’s price spikes to its all-time high again.A halving means that the number of block...

At the time of writing, several cryptocurrencies are showing new signs of life. Bitcoin, for example, is once again trading above $7,000 for the second time this month.Bitcoin Has Broken $7K AgainIn addition to BTC’s sudden burst, Ethereum is trading for $170, while other major coins – such as Ripple and Litecoin – have also shot up. For the most part, the cryptocurrency industry appears to be on a path of recovery along with stocks as the Dow Jones has shot up more than 400 points since...

Billionaire Mark Cuban has never been a huge fan of bitcoin, and to be fair, he’s still not prone to BTC use. However, he does comment that he’d be willing to change his mind on the digital currency given that the right changes are made to its infrastructure.Mark Cuban: Make BTC EasierIn the past, Cuban has gone so far as to say he’s rather have “bananas” over bitcoin, and for the most part, he’s still pushing this mentality. In a recent podcast interview, Cuban explains:I can trade bananas...

One of the biggest complaints about the cryptocurrency space is that it isn’t doing enough to attract institutional investors. Well, this may be changing thanks to newfound attention for the Grayscale Bitcoin Trust in New York.Grayscale Is Boosting the Institutional PresenceDespite attempts to integrate institutional crypto trading platforms such as Bakkt – owned and governed by the Intercontinental Exchange (ICE) – the presence of professional investors in the crypto world appears to be...

The coronavirus appears to be taking a toll on Facebook’s Libra project.Libra Is Now SmallerLibra was first introduced in June of last year. The project was designed to initiate an entire payment network in which users could potentially pay for goods and services through Facebook utilizing a new cryptocurrency known as Libra. There was just one big problem… At the time, nobody trusted the social media giant.Facebook’s reputation had been seriously marred by the Cambridge Analytica scandal...