Tag Archives: News

Stellantis – the parent company of the Fiat car brand – is issuing a digital token to drivers of its new 500-vehicle series. Known as Kiri Coin, the asset can be traded for rewards on several different websites and platforms including Apple, Netflix, Spotify and Amazon. Fiat and Crypto: A Perfect Match? The 500 series is designed to be a more economical and environmentally friendly car. Those who drive them will get access to Kiri Coin, which already has a solid...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

Popular trading app Robinhood has announced it’s looking to add a healthy number of staff members to its cryptocurrency department due to the increasing demand for and interest in digital currencies. Robinhood Will Build on Its Digital Currency Offerings Crypto has no doubt come a long way over the past several months. Bitcoin, for example, was initially trading for less than $4,000 during March of last year. Today, it is worth nearly $60,000. The currency has...

Elon Musk – the South African entrepreneur behind such ventures as SpaceX and electric car company Tesla – is taking a lot of guff for the $1.5 billion bitcoin purchase he engaged in last February. However, he does have a loyal fan in hedge fund manager Anthony Scaramucci, who has come to his defense. Elon Musk Is Taking Some Flack Musk has done quite a bit for the world of cryptocurrency. Buying bitcoin in the way that he did allowed the world’s number one digital...

Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar,...

Tesla and bitcoin are far more connected than we realize, according to some analysts and financial institutions. Deutsche Bank, for example, has recently issued a statement saying that the next two to three years are likely to be real turning points for the world’s number one digital currency by market cap strictly because of the action Tesla has taken and will take in the future. Tesla and BTC Are Attached at the Hip The real relationship between bitcoin and Tesla began...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

Recently, Canada made headlines with its work in the world of bitcoin and crypto-based exchange-traded funds (ETFs). The first bitcoin ETF released in the country – and in the world, for that matter – was known as the Purpose Bitcoin ETF, and just a few weeks after its initial launch, it looks like the product has traded more than $1 billion in assets. Bitcoin ETFs Are All the Rage Right Now Clearly, the ETF world is one that crypto traders have long sought to enter....

EOS started a fresh decline after it failed to clear the $4.300 resistance against the US Dollar. The price is currently trading well below the $4.000 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.050 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face sellers near $3.750 and $3.800. EOS price is showing bearish signs below...

Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195...