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Tag Archives: News

Bitcoin Cash Analysis: Risk of Downside Break Below $300

Bitcoin cash price started a fresh decline from the $360 resistance against the US Dollar. The price is now trading below the $330 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $328 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a clear move below $300 in the near term. Bitcoin cash price is struggling below $330 against the US...

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Brent and Matt, Two Men from Texas, Have Made Millions Mining BTC

Brent Whitehead and Matt Lohstroh are two young men from Texas that have already made millions mining bitcoin and other forms of crypto. The two have worked hard to establish a new company called Giga Energy Solutions, which mints bitcoin from natural gas. Brent and Matt Chose to Follow Bitcoin Both Brent and Matt come from oil families, and they were met with skepticism when they first announced three years ago that they wanted to go into the mining sector. However,...

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Will India Ban Crypto After All?

It’s been months, and the fight surrounding crypto in India doesn’t appear to have an end in sight. The Reserve Bank of India (RBI) and its deputy governor T Rabi Sankar have recently issued statements saying that the only way to deal with crypto within the nation’s borders is by banning it. India and Crypto… The Fight Is Still Waging The words came at the recent Indian Banks Association 17th Annual Banking Technology Conference and Awards. Not long ago, it was announced...

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Florida Softball Team Inks Deal with Crypto Exchange FTX

The Seminoles – a Florida state softball team – have entered a partnership with FTX, a new and popular cryptocurrency exchange. Several members of the team are now allowing the exchange to use their names, images, and likenesses for ads and other promotional campaigns and getting paid in crypto. FTX Just Keeps Getting Bigger FTX is only about three years old, but the company is already one of the biggest and most powerful digital currency trading platforms in the world....

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EOS Price Analysis: Key Hurdle Near $2.6

EOS price started a fresh increase above the $2.40 resistance zone against the US Dollar. The price is now trading near $2.50 and the 55 simple moving average (4-hours). There is a short-term rising channel forming with support near $2.48 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend increase if it clears the $2.60 resistance zone. EOS price is showing bullish signs above $2.45 against the US Dollar, similar to bitcoin. The...

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Litecoin (LTC) Price Analysis: Key Breakout Zone At $132

Litecoin failed to clear the $145 resistance and corrected lower against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $125 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $125 and $120 support levels. Litecoin price is struggling below $132 against the US Dollar, similar to bitcoin. LTC...

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The Crypto Mining Scene in Texas Keeps Growing

Texas is quickly becoming one of the biggest crypto mining hubs in the world to the point that current governor Greg Abbott is making bringing more crypto jobs and companies to the Lone Star State part of his reelection campaign. Texas and Crypto Mining… A Great Match? The migration of crypto miners to Texas began in the summer of last year. China – which at one point housed more than 65 percent of the world’s digital mining projects – decided the practice should be...

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Wells Fargo: Crypto Adoption Will Grow Tenfold

Banking giant Wells Fargo has taken notice of how far the crypto world has come. It’s now predicting that adoption could grow tenfold in the coming years, and it believes that crypto is still very much in its early days. Wells Fargo Thinks Crypto Is Going to Get Bigger In a statement, Wells Fargo explained: For today’s investor trying to figure out if we are early or late to cryptocurrency investing, looking at technology investing in the mid-to-late 1990s seems...

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Bitcoin Is Now Officially a Teenager

Bitcoin is officially 13 years old. The cryptocurrency that everyone has grown to love, cherish, and respect turned 13 on February 11 of this year after getting mined for the first time on that date in the year 2009. Bitcoin Turns 13 It was also during that year that the world was introduced to Satoshi Nakamoto, the legendary man behind the number one digital currency by market cap. The e-cash system that now everyone is familiar with was new to traders and investors...

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Tron (TRX) Price Analysis: Bulls Aim More Upsides

Tron price started a decent increase above the $0.0620 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0650 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0622 support zone. TRON price started a fresh increase above $0.0650 against the US Dollar, similar to bitcoin. TRX price could rally...

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