Tag Archives: News

Bitcoin cash price is trading in a bearish zone below the $210 and $216 resistances against the US Dollar.The price is struggling to stay above the key $203 and $200 support levels.There is a major bearish trend line forming with resistance near $210 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could resume its decline if it breaks the $203 support area in the near term.Bitcoin cash price is following a bearish path below $210 against the US Dollar. BCH/USD must...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

Bitcoin and cryptocurrency are growing increasingly attractive to both millennials and gen Z, according to a new report.Young People Love Bitcoin and CryptoThe data stems from news that Grayscale Investment Bitcoin Trust – a firm that focuses on both bitcoin and altcoin investments – is up there with companies like Apple and Amazon as the top enterprises to garner investments from younger generations. Grayscale ultimately beat out major tech conglomerates such as Microsoft and Netflix.In...

Ethereum is included in digital money that depicts the market in black. Price activity has been bearish since the beginning of the Asian trading session. Ethereum is trading at $142 following a loss of 0.96% from its price on Thursday. Expectations are declining amid increasing unpredictability.It was another desperate week on Ethereum as its value continues to decline. Sinking more today left the world’s second-largest crypto resource at risk of reaching its lowest level in several months....

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

On Tuesday, the Mega Millions jackpot sadly didn’t see any winners. At least a few million hopefuls were definitely disappointed that they didn’t get to take the top shot of the lottery. The good news here is that all of these people will have another shot at riches by Friday night. Piling on the good news is that the jackpot has now been increased to $340 million, easily making it the 14th largest prize in the history of the lottery after the name was changed to Mega Millions from The Big...

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

By Dmitriy Gurkovskiy, author of RoboForex Blog.ETH/USD tech analysisETH outplayed the BTC in the new crypto ratingIstanbul hardfork did not influence the ETH priceOn W1, the situation remains the same: the market is forming a descending impulse to the minimum of $80.86. In a longer perspective, the main goal of the predominant trend should be the psychological minimum $10.0.On the MACD and Stochastic, further decline is also confirmed. However, care should be taken on the market and all...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...