Tag Archives: News

Facebook’s new Libra cryptocurrency project has had a hard time getting off the ground, and considering it’s still getting a lot of raised eyebrows and distrusting looks from international financial leaders, it looks like things are set to remain somewhat difficult for the asset to roll out.Libra May Encounter Opposition in GermanyRecently, Libra was jabbed at by German Finance Minister Olaf Scholz, who says he’s not entirely comfortable with the authorization of Libra use in Europe. While...

Alexander Vinnik – a Russian man accused of laundering bitcoin funds and for allegedly taking part in multi-million dollar cryptocurrency fraud – has been sentenced to five years in a Paris prison and is also being ordered to pay more than $120,000 in penalties.Vinnik Ordered to Prison; Will Also Pay FinesThe case involving Vinnik goes back several years. After working at the now defunct cryptocurrency exchange BTC-e, Vinnik was accused of developing a new kind of cryptocurrency malware known...

ADA price is struggling to clear the $0.1600 and $0.1740 resistance levels against the US Dollar.The price is now trading below the $0.1600 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.1580 on the 4-hours chart (data feed via Kraken).The price could decline sharply below $0.1450 as long as it is below $0.1600.Cardano price is showing a few bearish signs below $0.1600 against the US Dollar, unlike bitcoin. ADA price...

Ethereum price is trading in a contracting range below $600 against the US Dollar.ETH price is currently trading near the $585 pivot and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $596 on the 4-hours chart (data feed from Coinbase).The pair could either surge above $600 or decline heavily towards the $550-$560 zone.Ethereum price is showing a few bearish signs below $600 against the US Dollar. ETH/USD is likely setting up for a...

There are many analysts going back and forth and discussing the bull runs that bitcoin has incurred during both 2017 and 2020. It is widely estimated that the entire financial space was more of an observer three years ago, watching bitcoin move and wondering what to make of it all.Bitcoin Is Being Pushed By InstitutionsHowever, as time has gone by, it looks like the currency has really solidified its reputation as an asset to be taken seriously. Many people are now looking at bitcoin as...

Some are predicting that the current bull run enjoyed by bitcoin will last through the end of 2021 and see the asset reaching $50,000 within that time.Bitcoin Is on a Serious Run, But Not Everyone Is ConvincedAs it stands, bitcoin has managed to maintain its present position above $19,000 for a few weeks, now. The currency even temporarily moved beyond its all-time high and set a record for itself, which has caused many to think that anywhere between $20K and $25K could potentially be reached...

People got kind of freaked out last year when Google, arguably one of the largest and most powerful internet companies in the world, said that it had built a quantum computing machine that could solve hard and extremely long mathematical equations. Everyone thought that perhaps bitcoin – which relies on such equations to be mined and to ensure security – would be at risk. Now, the same fear is arising, though it has little to do with Google and a lot more to do with China.Is China Going to...

Stellar lumen price is trading well above the key $0.1500 support zone against the US Dollar.XLM price is struggling to clear the $0.1800 resistance and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.1750 on the 4-hours chart (data feed via Kraken).The pair could start a strong increase if there is a clear break above $0.1750 and $0.1800.Stellar lumen price declined below the $0.2000 support area against the US Dollar, while...

It’s always pleasurable to see a one-time bitcoin skeptic get turned into a believer, and that appears to be the case with Inigo Fraser-Jenkins, the co-head of portfolio strategy at Bernstein Research.Fraser-Jenkins: I See BTC Differently, NowIn a recent note to his clients, he has commented that everyone needs to make room in their portfolios for bitcoin and other cryptocurrencies. What’s the big clincher? Fraser-Jenkins was once a bitcoin skeptic, but he now appears to be far more...

Bitcoin is enjoying a historic run. The currency recently beat out its previously set all-time high, which occurred in December of 2017. Now, the currency has settled down a bit, but remains above $19,000 at the time of writing.Bitcoin Is Exploding As of LateMany are wondering if a setback is likely to occur this time around. That’s a big fear considering how similar this bitcoin run has been to the one from three years ago. As we all remember, the currency rose to nearly $20,000 per unit...