After the embarrassing and heartbreaking debacle last week that occurred in Afghanistan following the heightened incompetence of Joe Biden, news is spreading of the growing presence bitcoin has in the country. Many banks and standard financial institutions have either been shut down or are not presently in working order, and thus several residents are seeking out the aid of BTC and digital assets as a means of surviving. Bitcoin’s Presence Is Growing in Afghanistan One...
Read More »EOS Price Analysis: Signs of a Key Breakdown Below $5.30
EOS price started a downside correction from the $5.95 resistance zone against the US Dollar. The price is now trading just below the $5.30 support and the 55 simple moving average (4-hours). There was a break below a crucial bullish trend line with support near $5.20 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower unless it recovers above the $5.30 resistance zone. EOS price is gaining pace below $5.30 against the...
Read More »Litecoin (LTC) Price Analysis: $180 Presents Key Resistance
Litecoin price failed to clear the $190-$192 resistance zone against the US Dollar. LTC price is now trading below $180 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $182 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $162 support to avoid more downsides in the near term. Litecoin price is correcting gains from $192 against the US Dollar, similar to...
Read More »PayPal to Offer Cryptocurrency Support in the U.K.
PayPal has been big on crypto over the past year, but now the company is pushing its digital currency agenda even further. The company has put out a statement saying that several countries – including the United Kingdom – outside the U.S. will be able to buy, sell and trade digital assets through its platform. PayPal Is Bringing Crypto Trading to the U.K. The new service will allow these countries to invest in four major cryptocurrencies: bitcoin, bitcoin cash, Ethereum...
Read More »Missouri Mayor Jayson Stewart Wants His Residents to Become Wealthy Through Bitcoin
Jayson Stewart – the mayor of a small, Missouri town – wants to give each of his residents about $1,000 in BTC. Jayson Stewart Has a Big Love of BTC Stewart is the mayor of Cool Valley, Missouri, which presently houses approximately 1,500 people at the time of writing. The costs of the bitcoin giveaway would amount to about $1.5 million, though the mayor thinks it is worth it given the benefits that come with investing in the world’s number one digital currency by market...
Read More »Bitcoin is Firing On All Cylinders, Reaches $50,000
Bitcoin is picking up speed. After several months of traveling through the doldrums, the world’s number one digital currency by market cap appears to be moving back up the financial ladder once again. The currency is presently trading for just over $50,000 per unit, meaning it has gained approximately $5,000 over just the past few days alone. Bitcoin Is Moving Back Up Bitcoin has been going through a hard time as of late. The asset – which spiked to a new all-time high...
Read More »Tron (TRX) Price Analysis: Risk of More Losses Below $0.080
Tron price started a fresh decline from the $0.0960 zone against the US Dollar. TRX price is now trading below $0.0880 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.0880 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue lower as long as it is below the $0.0880 and $0.0900 levels. TRON price is slowly moving lower below $0.0900 against the US Dollar, similar to bitcoin. TRX...
Read More »Bitcoin Price Analysis: BTC Trades Near Key Juncture
Bitcoin price gained pace and it cleared the $48,000 resistance against the US Dollar. The price is now trading above $47,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $47,300 support level to continue higher in the near term. Bitcoin price is losing pace above $48,000 against the US Dollar. BTC is...
Read More »Block Ape Scissors Works to Give More Purpose to NFTs
A new cryptocurrency company has stepped into the limelight. Known as Block Ape Scissors, the firm seeks to ensure that all crypto investors garner value for their assets, even when they seem less legit than so many others. Block Ape Scissors Tries to Give NFTs More Exposure and Use The company’s founder Matthew Hutchins has stated in an interview that he hopes Block Ape Scissors can become a truly unique cryptocurrency ecosystem that will allow people to have some fun...
Read More »Report: India Has Done Well with Crypto Adoption
India has never had an easy time when it comes to crypto, but that hasn’t stopped it from secretly opening its arms to the growing financial space. India Has Moved Far When It Comes to Crypto According to a recent study conducted by blockchain analysis company Chainalysis, India currently ranks second in the 2021 Global Crypto Adoption Index, meaning there is presently only one other country that has done better when it comes to pushing and accepting digital currency...
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