Tag Archives: News

Stellar lumen price is struggling to climb above the $0.0565 and $0.0580 resistances against the US Dollar.XLM price is currently trading in a range above the main $0.0535 support area.There is a major bearish trend line forming with resistance near $0.0562 on the 4-hours chart (data feed via Kraken).The pair could dive towards $0.0520 before it starts a fresh increase towards $0.0620 and $0.0650.Stellar lumen price is showing bearish signs against the US Dollar and bitcoin. XLM price must...

Sequel to earlier reports that its digital currency was in the works, the Chinese are reportedly set to test its new digital currency electronic payment (DC/EP) in two cities of Shenzen and Suzhou. Sources further indicate that the People’s Bank of China (PBoC) will become the first Central Bank in the world to introduce its digital currency. It has also further emerged that the PBoC is set to work with seven state-owned corporate entities to run this test: three telecoms companies and four...

Ripple price is rising and it is trading near the $0.2315 resistance area against the US dollar.The price is likely to surge if it breaks the $0.2315 and $0.2325 resistance levels.There is a major breakout pattern forming with support near $0.2270 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A downside break below $0.2270 and $0.2250 might negate the possibility of an upside break.Ripple price is approaching the next key break against the US Dollar. XRP price could...

Recently, Live Bitcoin News reported that many members of the crypto community were suspicious of a $1,000 surge incurred by bitcoin, the world’s leading cryptocurrency by market cap. It has now been stated that the surge was no doubt the result of a bitcoin whale moving money between accounts with Bittrex, one of the world’s top cryptocurrency exchanges.Bittrex at the Head of Whale ActivityBitcoin and cryptocurrency whales can have serious effects on the industry. A whale is someone who...

According to a new report, BNB – the official cryptocurrency of digital exchange Binance – is outperforming bitcoin as of late.BNB – The Industry’s Strongest Coin?Bitcoin has been on something of a weak roll over the past few months. Things ultimately took a nasty turn for the currency in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – opened its doors to rather lackluster reception. Following 12 months of hype...

Several Chinese nationals have been arrested in Thailand and are under suspicion of being involved in an international cryptocurrency scam.Cryptocurrency Attracts More Crime in ThailandRoughly 24 people are now in police custody. All were allegedly part of an organization that targeted investors in China through a cold-calling scheme that persuaded them to purchase “bitcoin at inflated rates,” according to law enforcement officials. All were arrested in a rented office known as “Galaxy Place”...

Great news for the Ethereum community: the network’s Istanbul improvement has been successfully completed. Expected to increase the speed of the Ethereum network and its gas efficiency, the hard fork was activated at block number 9,069,000. #Ethereum's #Istanbul network upgrade is now live! Congratulations to everyone who worked to make it happen. Want to learn more? Check out details on Istanbul's included changes here: https://t.co/KIMLb0ujce — Ethereum (@ethereum) December 8, 2019...

After in September, Bakkt’s physically-backed Bitcoin futures platform finally started its work, a lot of crypto believers wondered what is next. Well, there is something. The U.S. Securities and Exchange Commission (SEC) recently approved a new investment fund that will invest in Bitcoin futures contracts. The registration statement filed by Stone Ridge Trust VI for the NYDIG Bitcoin Strategy Fund began with its work on Monday after the company, already in October filed Form N-2 with the...

A cryptocurrency exchange in Uganda is taking a lot of flak for potentially stealing users’ money.Uganda Is Home to a Crypto ScamThe exchange appears to have set up a phony job search in which several people within the country who may have been looking for jobs either in the cryptocurrency or digital tech fields were asked to apply. As part of the application process, they were required to donate more than 20,000 Uganda Shillings (worth approximately $5 in USD).The trouble is that the...

For everyone waiting with bated breath for bitcoin to suddenly rise from the ashes and experience a solid price bump, here’s a bit of good news.Bitcoin May Incur a Massive Spike Next YearOne source is reporting that bitcoin futures are doing extraordinarily well. So well, in fact, that their prices are expanding even while the primary asset is falling deeper into the $7,000 range. Yes, it has managed to expand by another $200 over the past few days, but for the most part, bitcoin is still...