Tag Archives: News

According to a new YouGov poll, approximately one quarter of the people living in the United States are all for making bitcoin legal tender in the country. The Poll Shows One Quarter Are in Favor of BTC Spending The news comes after El Salvador became the first nation to instill BTC as legal tender on September 7. The country has long been dependent on USD, the native currency of the U.S. However, the nation appears to be interested in financial independence and is now...

ADA price started a sharp decline from the $3.00 zone against the US Dollar. The price is now trading below $2.60 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.68 on the 4-hours chart (data feed via Bitfinex). The price could start another strong decline if it breaks the $2.20 support zone. Cardano price is facing many hurdles near $2.65 against the US Dollar, similar to bitcoin. ADA price must stay above...

Ethereum price started a major decline from the $4,000 resistance against the US Dollar. ETH price is now trading below $3,500 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $3,400 on the 4-hours chart (data feed from Coinbase). The pair could extend its decline unless there is a clear break above the $3,400 resistance. Ethereum price is showing bearish signs below $3,500 against the US Dollar. ETH/USD could...

It appears several countries in Central America are learning some lessons from El Salvador. Many of the nations in the region – including Guatemala, Panama, and Honduras – are now working to implement bitcoin as a staple currency or trying to establish digital currencies of their own. Central America Suddenly Loves BTC In Honduras and Guatemala for example, the central banks of both nations are experimenting with blockchain technology and working to establish bank-issued...

Leon Cooperman – a billionaire investor and the chairman of the Omega Investors – stated in a recent interview that anyone who doesn’t understand bitcoin is likely to be “old,” and that those who don’t trust it may take solace in gold, the world’s number one precious metal. Leon Cooperman – BTC May Not Be as Strong as Gold There has been an argument brewing for some time regarding which asset is better: bitcoin or gold. Many people often compare bitcoin with gold and...

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet. Elizabeth Warren Doesn’t Like Bitcoin Mining Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of...

Stellar lumen price started a strong decline from the $0.4300 resistance against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.3200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.3200 and $0.3100 support levels. Stellar lumen price is gaining bearish momentum below $0.3200 against the...

Ripple price started a strong decline from the $1.40 resistance against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.05 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could resume its decline as long as there is no close above the $1.20 resistance zone. Ripple price is showing bearish signs below $1.20 against the US Dollar,...

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate. Ukraine Says “Yes” to Crypto The Parliament of Ukraine voted unanimously to not only permit bitcoin...

One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to a new study, the implementation of bitcoin in the Central American country could wind up costing Western Union about $400 million each year. El Salvador Could See Its Remittance System Change for the Better Jaimie Garcia, a Salvadorian who fled to Canada at the age of 11, has been living abroad for some time...