Tag Archives: News

PayPal – arguably the largest digital payment platform in the world – has some good news for crypto holders. The company announced that it was upping its weekly crypto spending limit to approximately $100,000. The firm has stated that it is also doing away with its annual $50,000 limit. PayPal Customers Can Now Buy Six-Figures Worth of Crypto Prior to this move, PayPal customers could only purchase as much as $20,000 in crypto every seven days. Now, it looks like that...

Some analysts think that the price volatility that has been plaguing bitcoin over the past few months is about to get a whole lot crazier. The Bitcoin Volatility Is About to Get Bigger In mid-April of this year, bitcoin – the world’s number one digital currency by market cap – hit a new all-time high of approximately $64,000 per unit. Everyone thought that the currency was untouchable and that things were likely to keep heading north. Unfortunately, this has not been the...

Not too long ago, Jackson Palmer – the co-creator of the popular meme currency Dogecoin – issued a series of attacks on the cryptocurrency space, calling it inherently “right wing” and an arena that has allowed a bunch of people to build their wealth through “tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” It looks like Brian Armstrong – the CEO of Coinbase, one of the largest crypto exchanges in the world – is not taking these words...

ADA price started a fresh decline after it failed to surpass $1.30 against the US Dollar. The price is now trading well below $1.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.15 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.10 support level in the near term. Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to...

Ethereum price started a fresh decline and it broke the $2,000 support zone against the US Dollar. ETH price is now trading well below $2,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hours chart (data feed from Coinbase). The pair is likely to accelerate lower if there is a close below the $1,750 support zone. Ethereum price is showing bearish signs below $2,000 against the US Dollar....

Guillaume Pousaz has become one of the biggest fintech leaders in the world. As the founder of Checkout.com, Pousaz initially sought the investment banker route, but later dropped out of college to pursue surfing in California full time. Guillaume Pousaz: Crypto Adoption Is Still Somewhat Low When things on the ocean did not quite pan out the way he had hoped, Pousaz got a job at International Payment Consultants and then left to create his own digital startup. This...

Jackson Palmer – the co-creator of popular meme currency Dogecoin – had some unflattering things to say about the industry he has called home for so many years. Palmer: Cryptocurrency Is “Inherently Right Wing” In a recent interview, Palmer claimed that the crypto space has largely become exactly like the financial industry it was designed to replace. He says it is controlled by a small group of wealthy elitists that have managed to weave their way in and implement...

With China suddenly exiting the bitcoin mining space, it looks like many other companies in regions such as Canada are beginning to take over. China Is Saying “Good Bye” to BTC Mining China has been adamant about ending its bitcoin mining presence over the past few weeks. Beijing recently issued a notice to all mining companies that to become a greener nation, all crypto extraction projects would no longer be allowed within the country’s borders. Thus, if they wished to...

Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar. The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels. Ripple price is struggling to recover above...

Federal Reserve Chairman Jerome Powell took the stand to discuss bitcoin and other cryptocurrencies with the U.S. Financial Services Committee. He stated to the panel that if the United States had its own digital currency in play, bitcoin would serve no purpose and would ultimately disappear. Jerome Powell Doesn’t Appear Against the Idea of a National Digital Currency Powell explained: One of the arguments that are offered in favor of a digital currency: you would not...