Tag Archives: News

Stellar lumen price is likely forming a base above the $0.3800 support zone against the US Dollar. XLM price is now consolidating near $0.4100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4120 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase as long as it is above the $0.3800 support zone. Stellar lumen price is showing a few positive signs above $0.3800 against...

Ripple price is slowly moving higher towards the $0.4800 and $0.5000 resistance levels against the US dollar. The price is now stable above the $0.4450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue higher once it clears the $0.4800 and $0.5000 resistance levels. Ripple price is showing a few...

In recent news, it was announced that Mark Cuban – the billionaire owner of the Dallas Mavericks basketball team – will allow Dogecoin to be utilized for purchasing tickets and merchandise related to the team. Many analysts and industry experts see this as a positive move, but Mike Novogratz – a billionaire investor and former hedge fund manager – is less than pleased about the idea. Mike Novogratz Is Against Dogecoin Cuban has never really taken bitcoin or crypto...

Global cryptocurrency platform Eco has gotten its fingers on some serious cash following a heavy funding round that garnered the company roughly $26 million. The event was led by a16z Crypto. Eco Is Making a Lot of Moolah The company was founded three years ago in 2018. It’s main claim to fame is a crypto product it initially developed for around-the-world purchases of everyday items. However, Eco has made it clear in the past that it is not a banking or financial...

John McAfee – a long-time bitcoin advocate and the man behind arguably the most prominent and recognized form of antivirus software in the world – is once again facing charges from the U.S. government. McAfee Is in Hot Water Again McAfee was initially arrested last October. He is now being charged with conspiracy to commit “commodities and securities fraud,” along with several other forms of fraud relating to new digital currencies he was either developing or had already...

Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations. Neptune and Link Are Hooking Up to Mine Crypto As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for...

Institutional adoption of bitcoin is increasing tenfold, and exchanges are playing a crucial part in garnering these institutions the digital assets they’re so desperate for. Changpeng Zhao – the CEO of Binance, arguably the largest and most popular crypto trading platform in the world – has stated that he’s seeing huge bursts of institutional interest in his company, and that large buys are becoming much more common. Binance Is Seeing Its Clientele Grow Binance came...

A team of analysts with the firm D.A. Davidson suggests that the new Coinbase public listing is going to be an “Amazon” moment for the world of crypto. Coinbase Is Going to Set a “Crypto Precedent” For the most part, the Coinbase listing is a big deal for the digital asset space. The industry has longed for mainstream status and legitimacy for quite some time, but the fact remains that the space has been wrought with fraud and crime, and the volatility of most mainstream...

Who says that bitcoin and the stock market aren’t correlated? Following bitcoin’s meteoric rise beyond the $50,000 line a few days ago, it looks like several crypto-based stocks are potentially following in the asset’s footsteps and are now trading at new highs for the year. Crypto Stocks Have Been Firing on All Cylinders Bitcoin has been on a serious roll as of late. In fact, it can be said that the currency has been on a bullish run for almost a year now, having shot...

Uh oh. It looks like many of the people who invest in bitcoin know little or nothing about it. What does that say about the industry? Bitcoin Investors Don’t Always Seem to Know What They’re Doing Bitcoin is shaping up to be one of the biggest and most popular assets in history. The currency is reaching unprecedented levels, and recently shot beyond the $50,000 mark for the umpteenth time, though it has since incurred a small dip that has brought it back down into the...