Tag Archives: News

Ethereum price started a fresh increase above $570 and $580 against the US Dollar.ETH price is currently trading above the $585 pivot and the 55 simple moving average (4-hours).There was a break above a crucial contracting triangle with resistance near $570 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher towards the $608 and $622 resistance levels.Ethereum price is slowly gaining pace above $580 against the US Dollar. ETH/USD is likely remain in a positive...

It looks like wealthy people are beginning to view bitcoin as an essential ingredient of their portfolios, and many are wishing that they had gotten involved in the world of cryptocurrency sooner.Bitcoin Has Attracted the Attention of Wealthy InvestorsThis is the case for Christian Armbruester, the founder of Blu Family Office in London. As an investor for wealthy clients, Armbruester claims that while he might have dabbled in crypto here and there, he never really took it seriously until...

Reports of a company known as Core Scientific have emerged in the news as of late. The enterprise is looking to expand its bitcoin mining operations throughout the U.S. While the firm is officially based in Bellevue, Washington, the company has also opened stations in several Midwest and southern states including North Carolina, Kentucky and Georgia, and it doesn’t plan on stopping any time soon.Does Bitcoin Mining Still Hold Sway?The fact that all this is occurring in the United States is...

It’s always refreshing to see someone who wasn’t a bitcoin believer change their mind. Today, the cryptocurrency appears to have added another “fan” to its roster. That person is Ray Dalio, a billionaire and co-founder of the hedge fund Bridgewater Associates.Ray Dalio Now Sees Bitcoin Through a New LensIn the past, bitcoin has often attracted criticism and scrutiny for its vulnerability to price swings and its volatile behavior. While it’s easy to become wealthy overnight with the help of...

Stellar lumen price started a fresh increase from the $0.1500 support zone against the US Dollar.XLM price broke the $0.1650 resistance zone and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1640 on the 4-hours chart (data feed via Kraken).The pair could continue to rise if there is a clear break above the $0.1800 resistance zone.Stellar lumen price started a fresh increase above $0.1650 against the US Dollar, similar to...

Ripple price is struggling to clear the $0.5400 and $0.5500 resistance levels against the US dollar.The price is still above the $0.4800 support, but it is well below the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.5520 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could decline heavily if there is a clear break below the $0.4800 and $0.4750 support levels.Ripple price is showing bearish signs below...

Everybody knows, at this stage, that the Winklevoss Twins – Cameron and Tyler – are big bitcoin fans. They have become crypto billionaires in recent years and have even started their own exchange in New York known as the Gemini Exchange. It was one of the first companies working in crypto in the Big Apple to obtain a Bit License, which shows you how serious they are about digital currencies.Tyler Winklevoss Explains His Thoughts on BTCRecently, Mr. Winklevoss sat down and commented about all...

A new study shows that approximately 67 percent of millennials think bitcoin is the ultimate “safe haven” asset, beating out gold and other precious metals.Millennials Really Love Their BitcoinThe digital currency first arose in 2008 during the time of the Great Recession. Many of today’s millennials likely spent part of their teen or pre-teen years watching the effects of this recession. They likely saw their parents get laid off their jobs despite years of loyal service. They might have...

It’s always nice to start things off with good news, and today, the price of bitcoin has incurred another heavy surge that’s causing many traders and analysts alike to regain hope that 2020 will end on a high note.Bitcoin Gets Back on TrackAs of late, the world’s number one cryptocurrency by market cap has been suffering. The asset lost more than $1,000 off its price over the past week, dropping from around $19,000 per unit to about $17,900. Things weren’t looking great and many felt that...

Despite nearly two years of delays and several regulatory hurdles, Facebook’s Libra – now called Diem – is still looking to carve out a place for itself in the crypto space.Diem Is Still Trying to Move ForwardFacebook first entered the cryptocurrency environment in June of 2019, announcing that it was looking to establish a global payment system and unveil a new digital asset it was calling Libra that could potentially be utilized to purchase goods and services through the social media...