Tag Archives: News

A new report by financial giant JPMorgan says that the price of bitcoin – which has been on a serious downfall over the past few weeks – could drop a bit further before finally stabilizing. JPMorgan Offers Fresh Helping of Gloom and Doom for BTC The currency has been experiencing its worst period since first coming to fruition approximately 12 years ago. The asset ultimately rose to about $64,000 in mid-April, the highest point it had ever reached, though at press time,...

The last six weeks have been some of the worst bitcoin has ever experienced. Despite only being around for roughly 12 years, the world’s number one digital currency by market cap has seen its fair share of dark days and radical price changes. Last Month was the Worst Point in Time for Bitcoin Initially trading for about $64,000 per unit in mid-April, the asset hit a massive snag that late last week, saw it shed approximately $30,000 off its price. Today, the currency has...

Bitcoin cash price is facing a strong resistance near the $720 level against the US Dollar. The price is now trading just below $700 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $730 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline below $650 if it remains below the $750 resistance zone. Bitcoin cash price is struggling to recover above $700 against the US...

In recent news, it was announced that China was initiating a crackdown on all bitcoin mining and related activity within its borders. Zhang Nangeng – the CEO of Canaan Creative, one of the largest mining companies in the world that happens to call China home – is now voicing his opposition to the move. Canaan Creative CEO Speaks Against a Mining Ban China has had a very up-and-down relationship with bitcoin and digital currencies in recent years. While the country...

Daymak – a Canadian electric vehicle manufacturer – is planning a new car that will allegedly mine bitcoin and cryptocurrencies while charging. The vehicle is already set for pre-order and will be available to customers beginning in the year 2023. Daymak Is Bringing Cars and Crypto Together The new model will be known as the Avvenire Spiritus and will be able to extract new units of currencies such as bitcoin and Dogecoin, the ever-popular meme currency which has...

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it appears five people are being made to answer for the enterprise’s dissolution. Bit Connect was advertised as a “global unregistered digital asset securities offering.”...

EOS started a steady recovery wave above the $4.50 and $5.00 resistance levels against the US Dollar. The price is currently trading just above $6.00 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $6.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $7.00 and $7.75 to start a strong increase in the near term. EOS price is showing a few positive signs above $6.00...

Litecoin price is showing a few positive signs above the $150 level against the US Dollar. LTC price is now just above the $180 level and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to start a decent increase if there is a close above $195 and $200. Litecoin price is struggling to gain pace above $190 against the...

Katherine McNamara has gone from being a television star to a cryptocurrency fan. Katherine McNamara Is Getting Into NFTs McNamara starred as the Black Canary superhero throughout the eight-year run of the CW Network’s popular television program “Arrow” and in many of the show’s spinoffs. At one point, the CW was looking to potentially film an all-female version of “Green Arrow” that would have starred McNamara, though it looks like this project will not be coming to...

Jeff Currie – the global head of commodities research at Goldman Sachs – believes that the idea of bitcoin serving as the digital form of gold is a little misguided. In fact, he claims bitcoin is more of an alternative to copper. Jeff Currie Thinks the Idea of BTC as Digital Gold Is a Little Off For many years, we have heard the argument that bitcoin is “digital gold.” That it is a hedge tool and a store of wealth like gold is and can potentially protect one’s wealth...