Ripple price is showing a lot of bearish signs below the $0.3000 level against the US dollar.The price is still holding the key $0.2550 support level, but it is well below the 55 simple moving average (4-hours).There is a major contracting triangle forming with support near $0.2720 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong decline if it breaks the $0.2720 and $0.2680 support levels.Ripple price is struggling to start a decent recovery...
Read More »Another Bruise for Ripple as Grayscale Customers Say Goodbye to XRP Trust
Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC).Ripple Is Losing Out AgainThe financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first...
Read More »Early Mt. Gox Creditors Are Now Entitled to “Justice” Payments
It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan.Mt. Gox Victims Can Now Get Their MoneyHowever, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing.Mt. Gox is widely considered one of the worst...
Read More »JPMorgan: Institutions Do Not See Bitcoin Beyond a Speculative Light
Over the past few months, bitcoin has been enjoying a historic bull run like no other. The asset has reached $40,000 in certain weeks, and as a result, we have been hearing several different narratives discussing what could potentially be making the asset spike to such an extent.Bitcoin May Not Be What We’ve AssumedOne of the most common arguments we’ve been hearing is that institutions are now seeing bitcoin in a much more positive light. They believe that bitcoin is a hedge tool of sorts...
Read More »Stefan Thomas Is Okay with the Recent Loss of His BTC Fortune
Recently, Live Bitcoin News published a story about Stefan Thomas, a San Francisco resident originally from Germany that had only two tries left to access his locked bitcoin stash. Here is an update for all who may have been worried about his situation.Stefan Thomas: Finding Peace Through LossThomas has all his digital funds stored in a special kind of wallet known as Iron Key. The wallet is built to be stronger than standard wallets and less susceptible to fraud and theft. The big clincher...
Read More »James Howells Is Working Extra Hard to Get His Lost BTC Back
Imagine having a lot of money stored up in a safe somewhere. Before you even realize it, you’ve somehow lost the safe’s key only to find that it went out with the rest of your everyday trash. It wasn’t something that you meant to do… It just kind of, well… happened. For 35-year-old James Howells, this is the reality he’s currently facing after realizing that he threw out some hard drives containing quite a bit of bitcoin with the rest of some unwanted materials.James Howells Really Wants His...
Read More »Bitcoin Suffers Another Fall; Shaves Off $5,000
Bitcoin is ending the week with another dip added to its roster. The currency – which less than 24 hours ago was trading in the low $40,000 range again – has fallen by about $5,000 at the time of writing and is now trading for just over $35,000.Bitcoin Has Experienced Another Major SlipWith the first few weeks of January in the books, it appears bitcoin is having difficulty making up its mind about where it wants to be for now. Initially, the currency hit a new all-time high of roughly...
Read More »The Latest Example of Crypto Crime Involves Some Unlikely “Fishermen”
Crypto crime cannot, should not, and must not be tolerated. This is the newfound attitude that we’re seeing as of late as the digital currency industry becomes more mainstream and legitimate. Unfortunately, with the rise of bitcoin and so many other cryptocurrencies in recent months, it appears that many individuals out there are taking chances and engaging in crypto crime so they can garner assets that don’t naturally belong to them.Crypto Crime Continues Despite Many Efforts to Stop ItThe...
Read More »Grayscale Bitcoin Holdings Have Expanded Even More
With bitcoin’s sudden surge back into the $40,000 range (it’s currently pulled back a little to just over $39,000 at press time), the currency appears to be back on its feet and is taking companies like Grayscale along for the ride.Grayscale Is Holding More Bitcoin Thanks to the Price SurgeGrayscale is one of the largest institutions backing bitcoin. It was recently reported that the company holds approximately three percent of the world’s BTC units, and its custody services are second to...
Read More »Mike Novogratz Doesn’t Think People Will Lose Their Crypto Passwords in the Future
Recently, Live Bitcoin News put out a story discussing how many people have potentially lost their passwords and thus cannot access the mega bitcoin stashes they’ve collected over the years. According to billionaire investor and former hedge fund manager Mike Novogratz, this isn’t likely to occur again anytime soon.Mike Novogratz: When the Price Is This High, People Won’t ForgetOne of the big problems with bitcoin and crypto in general is that it can be easy to lose one’s login information,...
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