Tag Archives: News

Bitcoin is officially legal tender in El Salvador. The Central American country has been claiming for some time that it was going to declare the world’s number one digital currency by market cap the equivalent of the U.S. dollar and now that step has been taken, but unfortunately, the transition is proving to be somewhat turbulent as the nation’s regulators didn’t foresee all that could occur ahead of time. El Salvador Is Having a Rough Transition Let’s start with the...

EOS price started a fresh decline from well above the $5.50 zone against the US Dollar. The price is now trading below $5.00 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $5.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower unless it clears the $5.00 and $5.10 resistance levels. EOS price is gaining pace below $5.00 against the US Dollar, similar...

Litecoin price started a fresh decline from well above $200 against the US Dollar. LTC price is now trading below $200 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $200 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $188 resistance to start a decent recovery wave in the near term. Litecoin price is down over 15% from the $232 zone against the US Dollar,...

Investment firm Franklin Templeton has posted two job ads on LinkedIn. The company is looking to hire both a cryptocurrency trader and a crypto researcher to join the team. Franklin Templeton Is Hiring for Its New Crypto Department Many large companies have been delving in cryptocurrency as of late. Initially, things just started out with institutions investing in digital currency and adding bitcoin to their investment rosters. Institutions such as MicroStrategy and...

Oscar-winning actress Reese Witherspoon – known for her roles in projects like “Walk the Line” and “Little Fires Everywhere” – has entered the crypto space and has purchased Ethereum for the first time. Reese Witherspoon Is an Ethereum Investor Ethereum is the world’s second largest cryptocurrency in the world and the primary competitor to bitcoin. The currency has gone through some strange up and downs over the past year – just like every other form of digital currency...

The ACE Exchange – based in Taiwan – has joined hands with several audit firms as a means of combating crypto money laundering and other illicit activity in the digital currency space. The ACE Exchange Is Stepping Up Protections One of the big problems that the crypto space is seeing as of late is the number of hackers and cyberthieves that want to walk through the door and steal money that isn’t theirs. Often, their schemes come in the form of exchange hacks that wind...

Tron price is down over 15% and it broke the $0.0920 support against the US Dollar. TRX price is now trading below $0.0900 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0920 on the 4-hours chart (data feed via Bitfinex). The pair must clear the $0.0900 and $0.0920 resistance levels to move into a positive zone. TRON price is declined heavily from well above $0.1000 against the US Dollar, similar to...

Bitcoin price failed to stay above $52,000 and declined heavily against the US Dollar. The price is now trading below $48,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $51,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $46,500 support level to recover higher in the near term. Bitcoin price is showing bearish signs below $48,000 against the US...

More than $3 million in Tether units have been stolen from a private antique dealer in the nation of Taiwan, suggesting that even decentralized finance is vulnerable to the illicit dealings of those who would steal and commit dirty deeds to get their hands on money. Investor Loses More Than $3 Million in Tether The victim in question is a man named Liu Kun-Hung. He holds plenty of crypto in assorted online wallets. Two contained more than $3 million in Tether, a popular...

As of late, bitcoin and cryptocurrency are being used all the time to pay for travel expenses such as flights and hotel stays, but is paying for these items with crypto a good idea? Travel and Bitcoin: A Solid Match? For many, the idea of using bitcoin and its altcoin cousins to pay for goods and services is a dream come true and the realization of a strong financial vision. These currencies were initially designed to take over and push fiat, checks and credit cards to...