Tag Archives: News

The recent death punch to both bitcoin and its crypto counterparts by way of China has got the entire digital currency space in a grip of fear. Now, many crypto exchanges are beginning to drop Chinese customers as a means of avoiding trouble down the line. They are not accepting traders from China, nor are they allowing the Chinese customers they already have onboard to stick around much longer. China Is Hurting Its Crypto Traders China has been on a serious roll to...

Bit Pay and Verifone are partnering up to allow the latter’s customers to pay for goods and services with digital currencies, thereby bringing the initial goals of bitcoin and its crypto cousins closer to reality. Bit Pay Is Looking to Push the BTC Agenda Forward Initially, bitcoin and many of its counterparts were established to be payment methods. One could use them to purchase things they needed, and they could eventually push the checks, fiat currencies and credit...

According to Deutsche Bank, Ethereum – the world’s second largest digital currency by market cap – is taking on the form of “digital silver.” Ethereum Is Growing in Popularity We have been hearing for years that bitcoin – the world’s primary virtual currency – is “digital gold.” Often, gold and bitcoin are compared as one and the same, and yet as of late, the currency has been falling thanks to growing scrutiny in China. The eastern nation has ruled that all crypto...

A popular internet meme of a side-eyed Chloe Clem has sold for more than $70,000 in cryptocurrency. The image – which became a popular staple of internet culture back in the year 2013 – has been sold in the form of a non-fungible token (NFT). Chloe Clem Has Made Her Family a Lot of Money The meme stems from a day in which Katie Clem told her daughters as they piled into the car that they were not going to school that day. Instead, they were headed for Disneyland. The...

Bitcoin cash price started a major decline below the $550 zone against the US Dollar. The price is now trading below the $520 zone and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise towards the main $550 and $555 resistance levels in the near term. Bitcoin cash price is eyeing recovery above $500 against...

Not long ago, a crypto expert by the name of Virgil Griffith caused a stir when he attended a blockchain conference in North Korea – a country sanctioned by the United States – and offered a seminar on how blockchain could potentially be used to hide transactions and avoid financial prying from the West. Virgil Griffith Will Be Sentenced Soon The conference took place in 2019. Now, Griffith is facing the tune of his actions and has pled guilty to helping North Korea...

Twitter is unveiling a new “bitcoin pay” option that will allow as many as 330 million active users to send BTC funds between each other. Twitter Will Allow Users to Exchange Bitcoin with Each Other The company is going to harness the power of the Lightning Network to initiate this feat. The Network has garnered a solid reputation in recent years thanks to its ability to take payments and transactions off-chain. Many smaller bitcoin transactions are bogging down the...

According to JPMorgan, many investors are trading their bitcoin in for Ethereum. JPMorgan: Ethereum’s Stature Is Growing The world’s number one digital currency by market cap has suffered as of late thanks to additional actions taken by China, which seems to be hellbent on removing bitcoin from every corner. After recently announcing that all transactions and activities relating to digital currency were outlawed, the currency fell by about $2,000, dipping from $44,000...

EOS price extended its decline and traded below $3.80 against the US Dollar. The price is now trading well below $4.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3.95 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $4.40 and $4.50 resistance levels. EOS price is trading in a bearish zone below $4.00 against the US Dollar, similar...

Litecoin price declined heavily below $165 and tested $155 against the US Dollar. LTC price is now trading below $160 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $148 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $155 resistance to start a decent recovery in the near term. Litecoin price is recovering losses from $140 against the US Dollar, similar to...