Tag Archives: News

Bitcoin cash price rallied and gained pace above the $255 and $260 resistance levels against the US Dollar.The price traded to a new monthly high at $280 before starting a downside correction below $270.There is a key bullish trend line forming with support near $260 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to retest the $255 support zone before it starts a fresh increase in the near term.Bitcoin cash price remained in a bullish zone above $250...

It’s happened again, folks. Bad actors have made their presence known in the cryptocurrency space and another exchange has been targeted in what appears to be a rather expensive hack. Harvest Finance, a web portal that allows consumers to trade and invest digital currencies and then garner interest on their holdings, has been targeted, and reports losing as much as $24 million in a recent attack.Harvest Finance Is the Latest Hacking VictimThis is nothing new, and at this stage, it’s likely...

Bitcoin is gaining serious strength in other countries. The asset is not just a speculative currency, but a tool to potentially fund change and empower those who do not have access to traditional funding services, as people have seen in areas like Nigeria.Nigeria Is Getting a Taste of What Bitcoin Can DoThe country is home to the #EndSARS movement, which is aimed at preventing police brutality. As the movement got larger over the years, it became clear that simply talking about it on Twitter...

Well, bitcoin has once again impressed traders and exhibited a level of resilience that nobody ever expected. Following a sudden drop into the high $12,000 range, the currency has shot back up above $13K, but now, the asset has reached an even higher point on the financial ladder. At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for over $13,400, the highest it’s been since early 2018.The Strength of Bitcoin Gains New GroundThe last several...

EOS traded to a weekly high at $2.755 before starting a downside correction against the US Dollar.The price is currently trading above $2.620 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $2.688 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its rise if it clears the $2.700 and $2.720 resistance levels in the near term.EOS price is holding important supports above $2.600 against the US...

Litecoin price traded to a new monthly high at $60.92 before correcting lower against the US Dollar.LTC price is currently trading above the $55.00 support level and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $56.15 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it stays above the $55.00 support in the near term.Litecoin price is correcting gains from the $61.00 zone...

Following news that PayPal would allow its customers to pay for goods and services with crypto assets like bitcoin, the digital payments firm has announced that it is ending its relationship with a venture known as Epik due to alleged risks and other issues stemming from the company’s crypto department.PayPal Says Adios to EpikTypically, the company works with PayPal by registering web domains and hosting the enterprise’s transactions, though these transactions will no longer be processed for...

Well, it looks like bitcoin has taken a fall in the past 24 hours, but why?Bitcoin Dips in the Past DayJust a day ago, the world’s number one cryptocurrency by market cap had crossed the $13,000 line for the first time in over a year. The asset had shot up to approximately $13,100 and many were celebrating that things were really turning around for the coin, which had had a rather dismal September.The price expansion came following news that PayPal – arguably the largest digital payments...

Mike McGlone of Bloomberg has stated that bitcoin can potentially reach the $100,000 mark over the next five years as it gets closer to becoming a store of value instead of a payment currency.McGlone: $100K Could Be Here SoonOver the past seven months, something rather strange and intriguing has happened with bitcoin. For a long time, the agenda of crypto serving as a payment system has been pushed with little to no success. While there are a few platforms out there that accept BTC as a...

Tron price started consolidating in a range above the $0.0265 support against the US Dollar.TRX price is showing positive signs above the $0.0265 level and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance at $0.0272 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase if there is a clear break above the $0.0275 resistance.TRON price is showing positive signs above $0.0250 against the US Dollar, while...