Tag Archives: News

Ripple price started a strong decline from the $1.12 resistance against the US dollar. The price is now trading below $1.05 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.06 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline below $0.9500 as long as it is below $1.12. Ripple price is showing bearish signs below $1.05 against the US Dollar, similar to...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

Over the past few months, the idea of adding bitcoin or crypto to one’s retirement account has really picked up steam. There are many individuals out there that are looking for ways to diversify their portfolios as a means of preparing for retirement later in life, and thus they are looking to add cryptocurrencies to an IRA or similar product. a Crypto-Based IRA Doesn’t Have That Many Possibilities For many, inflation has become a very scary reality. Prices of goods and...

Square – a payment firm run by the head of Twitter Jack Dorsey – is joining a non-aggression pact against cryptocurrencies. The pact is designed to reduce patent lawsuits against crypto and blockchain companies and push the world of digital currency more toward mainstream territory. Square Wants Crypto Companies to Work Together The pact is known as the Open Invention Network, in which members like Square can pledge royalty-free access to certain patents, data, and...

Many crypto analysts have emerged to state that despite recent dips in the bitcoin price, they believe the world’s number one digital asset is going to rise from the ashes and potentially reach a rather high number in the coming weeks or months. One such figure is Tone Vays, a known crypto analyst that believes bitcoin could reach $100,000 rather soon. Tone Vays On BTC: It’s Going Down, Then Up In a recent interview, Vays commented that bitcoin’s recent behavior is...

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division. Interactive Brokers Says “Yes” to Digital Currency Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their...

Walmart has been making a real name for itself in the crypto space. Many analysts were thrilled when the retailer announced not too long ago that it was looking to hire a crypto product specialist for its new blockchain division, suggesting that the firm was following in the steps of Amazon, one of its biggest competitors. Walmart and Litecoin… If Only! According to a recent news release, the company had engaged in a partnership with leading altcoin Litecoin, which...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation. Whales Are Buying Up All They Can Whales are individuals that are classified as “big bitcoin owners,” for lack...

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance. Sveriges Riksbank: Bitcoin Isn’t Going to Make It The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from...