Bitcoin has risen to $66,000 per unit over the past few days. The currency is trading higher than it ever has in roughly 12 years, and everyone seems to be ogling the asset that at one point was considered a bubble and a tool for crime. Bitcoin Is Helping People Cope with the Wounds of Fiat As of late, there is plenty of speculation regarding what could have made bitcoin surge in such a way. Some believe it’s the fact that a bitcoin-based exchange-traded fund (ETF) is...
Read More »PayPal’s Peter Thiel Wishes He Had Bought More BTC
Peter Thiel feels he underestimated bitcoin. The world’s number one digital currency by market cap recently hit a new all-time high of approximately $66,000, though the asset is now down by a few thousand and trading for just over $62,000. Peter Thiel Wishes He Had Invested More in BTC Either way, Thiel implied in a recent interview that he wishes he had gotten more involved with the cryptocurrency and added more units to his portfolio, and he thinks the opportunity to...
Read More »Worldcoin Will Give You Free Crypto if You Let It Scan Your Eyes
A new startup is looking to scan everybody’s eyes in exchange for cryptocurrency. The process sounds like something out of the movie “Minority Report.” Scan your eyes, get paid in a token known as Worldcoin. Worldcoin Is Here to Scan Your Eyeballs The currency is named so because the idea is to give everyone in the world cryptocurrency. There’s just one thing: you need to let a small, metallic orb examine and sweep your eyes. This will add your data (DNA) to the system...
Read More »Cardano (ADA) Price Analysis: Key Hurdle At $2.25
ADA price is struggling to clear the $2.20 and $2.25 resistance levels against the US Dollar. The price is now trading above $2.15 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.25 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to clear the $2.25 resistance zone. Cardano price is struggling below the $2.25 resistance against the US Dollar, unlike bitcoin....
Read More »Ethereum Price Analysis: ETH Could Extend Rally
Ethereum price started a fresh increase above $4,000 against the US Dollar. ETH price is now trading above $4,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $4,120 the 4-hours chart (data feed from Coinbase). The pair could start a fresh rally if it clears the $4,260 resistance zone. Ethereum price is showing positive signs above $4,000 against the US Dollar. ETH/USD could gain pace above the $4,250 and...
Read More »Coinbase Is Now the Official Crypto Exchange of the NBA
Coinbase has had an exciting week. After forming a partnership with Facebook to provide support and custody services for its new Novi wallet, the popular digital currency exchange is joining hands with the National Basketball Association (NBA), which some believe will make it possible to pay for merchandise and event tickets with crypto in the coming future. Coinbase Has Joined Hands with the NBA The sports association issued a press release claiming that Coinbase will...
Read More »Mariah Carey Is Putting Money in the Gemini Exchange
Grammy-winning singer and musician Mariah Carey has become the latest celebrity to join the growing cryptocurrency craze. Mariah Carey Is Building a Bridge Between Women and Crypto In a recent press release, it was revealed that Carey is the latest major investor in the Gemini Exchange, a popular cryptocurrency trading platform founded by Cameron and Tyler Winklevoss in New York. The Winklevoss Twins – as they are casually called – garnered heavy fame thanks to the 2010...
Read More »Cathie Wood Hesitates to Invest in the Pro Shares ETF
Cathie Wood – the founder and CEO of Ark Invest – is acknowledging that the new bitcoin-based exchange-traded fund (ETF) is a step in the right direction. However, she’s not jumping in headfirst. Rather, she’s choosing to take her time and observe things for a little while so that she can better understand how the ETF will work and operate prior to getting involved. Cathie Wood Hasn’t Invested in the BTC ETF Just Yet At a recent conference, Wood was asked if she or her...
Read More »Stellar Lumen (XLM) Price Remains At Risk of More Downsides
Stellar lumen price is struggling to stay above $0.3650 against the US Dollar. XLM price is now trading below $0.3800 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if there is a break below the $0.3650 support zone. Stellar lumen price is trading well above $0.4000 against the US Dollar, similar to bitcoin. XLM price must...
Read More »Ripple Price Analysis: Bears In Control Below $1.15
Ripple price started a fresh decline from the $1.20 resistance against the US dollar. The price is now trading below $1.12 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.11 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down unless there is a clear break above $1.12. Ripple price is showing bearish signs below $1.12 against the US Dollar, unlike bitcoin....
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