Tag Archives: News

Cryptocurrency startup Circle is taking a page right out of the “book of Coinbase” and has announced plans to go public. Circle Is Set to Go Public The company first needs to complete a merger with Concord Acquisition Corp., a special acquisition company led by the former CEO of Barclays Bob Diamond. This merger means Circle will soon boast a valuation of approximately $4.5 billion, making it one of the most powerful crypto-centered firms in the digital space. The news...

Stellar lumen price tested the $0.2320 support before correcting higher against the US Dollar. XLM price is now facing resistance near $0.2550 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2480 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.2550 resistance. Stellar lumen price is facing hurdles near $0.2500 and $0.2550...

Ripple price started an upside correction above the $0.6200 resistance against the US dollar. The price is now trading near the $0.6500 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.6600 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 $0.6500 and $0.6600 resistance levels. Ripple price is slowly recovering above $0.6200...

The producers of the popular reality TV show “Queer Eye for the Straight Guy” have revealed plans for a new program that crypto fans are likely to enjoy. The premise of the show involves several digital currency investors that have lost access to their hardware wallets. Crypto Fans Are Getting Their Own Show Lost login information is one of the main reasons why so many bitcoin units have vanished over time. Many individuals have stored millions of dollars of BTC in their...

Oscar-winning screenwriter and director Spike Lee – famous for films like “Malcolm X” – is getting involved in the cryptocurrency scene. New Coin Cloud Commercials Will Feature Spike Lee Lee has agreed to appear in a series of commercials for digital currency kiosk company Coin Cloud, which allow users to purchase virtual assets such as bitcoin. Lee says he has learned his lesson about not getting involved in speculative or new industries given that he had an opportunity...

Massachusetts’ democratic senator Elizabeth Warren is the latest politician to express her disapproval and distrust for cryptocurrency exchanges. In a recent letter, she asked the Securities and Exchange Commission (SEC) to examine the prospects surrounding crypto exchanges and do an analysis regarding the harm and risks they potentially pose to consumers. Elizabeth Warren Isn’t Crazy About Crypto Exchanges Crypto exchanges have often taken guff for their lack of...

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...

Bitcoin has been tanking hard as of late, but according to financial analyst Michael Wu, this presents several benefits that investors are not seeing. Michael Wu: Institutions May Get Involved Again if BTC Falls Further In recent months, bitcoin hit its highest position yet and was trading for approximately $64,000 per unit. This feat was accomplished in mid-April, though since then, the currency has fallen and lost about half that value, marking one of the biggest drops...

Coinstar customers in Connecticut now have the option of purchasing bitcoin and other cryptocurrencies. Coinstar Is Bringing Bitcoin to the Masses Typically, those big green machines one sees in the corners of supermarkets and grocery stores allow a person to bring in all their loose change and trade it for paper bills. Now, however, these machines are permitting customers to exchange those coins for digital currencies, suggesting just how big and popular the space has...

As bitcoin continues to tank hard, Ethereum just keeps picking up steam. There are many financial analysts out there that seem to think the world’s second largest cryptocurrency by market cap will soon rise to the occasion and potentially overtake the entire space. Ethereum Is Moving Up the Ladder Bitcoin has fallen – once again – to about $32,000 per unit, meaning it is now trading for half its mid-April value. The currency has undergone one of its biggest corrections...