Tag Archives: News

Bitcoin has been trapped in the doldrums as of late, but the currency is still on the radar of several institutional investors such as Ricardo Salinas Pliego, a Mexican billionaire who is working with his bank to become the first Mexican financial institution to accept the world’s number one digital currency by market cap. Mexican Billionaire Pliego Plays the BTC Horn Over the weekend, Pliego tweeted the following: Me and my bank are working to be the first bank in...

ADA price started a fresh increase after it found support near $1.00 against the US Dollar. The price is now trading above $1.30 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $1.30 on the 4-hours chart (data feed via Bitfinex). The price is consolidating above the trend line and it could rally above the $1.35 resistance zone. Cardano price is trading in a positive zone above $1.30 against the US...

Ethereum price started a decent recovery wave from the $1,700 zone against the US Dollar. ETH price is now trading well above $2,000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,850 on the 4-hours chart (data feed from Coinbase). The pair is likely to correct further higher towards the $2,275 resistance zone in the near term. Ethereum price is recovering higher above $2,000 against the US Dollar....

Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – and Jack Dorsey, the CEO Of both Twitter and Square, have agreed to meet at an upcoming conference to discuss the future of the world’s number one digital currency by market cap. Elon Musk and Jack Dorsey Will Discuss BTC Together Both Elon Musk and Jack Dorsey have contributed greatly – in both negative and positive ways – to the bitcoin and crypto scene. Dorsey’s...

Residents of El Salvador will soon be eligible to receive a $30 bitcoin gift granted they open a new “Chivo” digital wallet. El Salvador Is Giving Free BTC to Its Citizens El Salvador recently made heavy crypto headlines when it was announced that bitcoin would be legal tender within the country’s borders beginning on September 7. This came after a hard-fought battle with the World Bank, which stated that it would not offer any assistance to El Salvador given that it was...

Guggenheim’s chief investment officer Scott Minerd is predicting that bitcoin, the world’s number one digital currency by market cap, could fall to even lower levels in the coming weeks. Scott Minerd Offers a Case of Gloom and Doom for BTC During a recent interview, Minerd claimed that bitcoin has not bottomed out yet, despite losing approximately 50 percent of its value since mid-April. He says that he is confident the price of BTC could drop to about $15,000 at some...

Stellar lumen price extended its decline and it even tested $0.2000 against the US Dollar. XLM price is now trading near $0.2600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a major increase if it surpasses $0.2600 and $0.2700. Stellar lumen price is facing hurdles near $0.2600 and $0.2700 against the US Dollar, similar to...

Ripple price is attempting a recovery above $0.6400 against the US dollar. The price is facing resistance near $0.6500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.6500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above the $0.6500 resistance zone. Ripple price is slowly recovering above $0.6200 against the US Dollar....

The bitcoin agenda of El Salvador has gone from being an idea to a solid reality. The country had announced not too long ago that it was planning to ensure bitcoin would become legal tender within its borders after spending many years relying on USD. It looks like the nation has finally gotten its wish. El Salvador Is Pushing BTC Like No Other Country Beginning on September 7 of this year, bitcoin can be used legally as currency to purchase goods and services in El...

It has happened again, folks. Another big crypto-related crime has been added to the books, and this time, the lost figures are more than what could have ever been anticipated. Two brothers that opened a crypto exchange in Africa known as Africrypt have made off with more than three and a half billion dollars in customers’ digital money. Africrypt May Be the Biggest Crypto Theft in History The brothers – known as Ameer Cajee and Raees Cajee – founded the cryptocurrency...