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Tag Archives: News

Kevin O’Leary Isn’t Worried About the Crypto Crash

Millionaire investor and “Shark Tank” star Kevin O’Leary is convinced the recent crypto crash is a good thing. Kevin O’Leary: The Crypto Crash Isn’t Something to Worry About In an interview, O’Leary stated that the digital currency industry falling apart at press time is making it so that bad crypto businesses are forced to leave the fray. He also said that once regulation is in place, the price of bitcoin is going to increase by four times its present size. O’Leary...

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Bitcoin Cash Analysis: Bulls Lose Control Below $135

Bitcoin cash price started a fresh decline from the $148 zone against the US Dollar. The price is now trading below the $140 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $139 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $125 and $122 support levels. Bitcoin cash price is moving lower below $135 against the US Dollar, similar to...

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Sri Lanka Tells Its Citizens to Avoid Crypto

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...

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Clean Spark Garners More than 1,000 Crypto Mining Machines

Sustainable bitcoin mining and energy company Clean Spark, Inc. has announced a new acquisition that has garnered the firm an additional 1,061 Whatsminer machines ready to extract new BTC units from the blockchain. Clean Spark Is Building Its Mining Capabilities The machines are located at a mining plant hosted by Coin Mint. They will give Clean Spark an additional 93 peta-hashes per second of computing power, thus boosting the firm’s abilities tenfold. Zach Bradford –...

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Kain Roomes Has Lost a Lot of His Crypto

Kain Roomes is a 29-year-old crypto trader that has seen his wealth plunge in recent weeks following one of the most horrendous crypto crashes in history. How Much Has Roomes Lost? The digital currency scene has been one of ugliness and depression as of late. The digital currency arena has lost more than $2 trillion in overall valuation, and it looks like it may take a while for things to recuperate. The world’s number one digital currency by market cap (bitcoin) for...

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EOS Price Analysis: Bulls In Action Above $1.40

EOS price rallied over 15% and climbed above the $1.50 resistance against the US Dollar. The price is now trading above $1.40 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $1.40 and $1.34 support levels. EOS price is rising above $1.40 against the US Dollar, similar to...

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Bitfinex Is Sending More Bitcoin to El Salvador

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

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Kevin Sam Is the Latest Crypto Romance Scam Victim

The number of romance scams involving crypto have exploded in recent years. Not long ago, Kevin Sam of Antioch became the latest victim of one such scam, and he’s lost hundreds of thousands of dollars in digital currency funds. Kevin Sam Has Lost a Lot of Money Sam says he met a woman online that he’s not naming at press time. She described her as such: She was very kind. Still to this day, she’s kind of empathetic. He commented that their relationship continued to grow...

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Thomas Peterffy: Bitcoin Will Be Worth Nothing

Thomas Peterffy – a brokerage pioneer and billionaire investor – explained in a recent interview that he thinks bitcoin will eventually become worthless given inflation is slated to last for several more years. Thomas Peterffy Says BTC Will Fall to Zero The 77-year-old founder and chairman of the online trading platform Interactive Brokers took note of the fact that inflation in America has reached 9.1 percent, a new all-time high for the most powerful country in the...

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Celsius Network Is Next Crypto Company to File Bankruptcy

Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ultimately paused all customer withdrawals as a means of coping with ongoing market volatility. Celsius Is Filing Bankruptcy Sadly, things didn’t quite stop here. Word has since been received that Celsius is now entering bankruptcy proceedings, hinting that maybe this crypto...

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