Tag Archives: News

Bitcoin price started a strong increase above the $13,000 and $13,500 resistance levels against the US Dollar.The price is now trading well above the $13,500 support and the 55 SMA (H4).There was a break above a key contracting triangle with resistance near $13,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to find support near the $13,500 and $13,350 levels.Bitcoin price is gaining pace above the $13,500...

New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work...

Now that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go.PayPal Has Its Sights Set on Bit GoPayPal announced early last week that it would allow users to purchase items and services with cryptocurrency through its platform. In addition, people could also trade and purchase...

Bitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single day.Grayscale Sees Its Assets ExpandThe company’s CEO Barry Silbert expressed the news in a tweet, claiming that as...

ADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar.The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.1055 resistance or it might revisit the $0.1000 support.Cardano price is trading below key hurdles near $0.1055 against the US Dollar, while...

Ethereum price started a downside correction from the $421 swing high against the US Dollar.ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours).There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase).The pair is currently holding the main $380 support level, but it must clear $402 for a fresh increase.Ethereum price is correcting losses and holding the $380 support against the US...

Mike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used as a legitimate currency anytime soon.Mike Novogratz: BTC Won’t Be Used for Payments RegularlyWhile there are retailers and companies out there that accept crypto and bitcoin payments, they are certainly not...

There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal is the best option for bitcoin right now.PayPal May Not Be Perfect, but It Is HelpingAccording to a press release issued by PayPal, there are no fees for...

The news regarding PayPal’s acceptance of bitcoin and cryptocurrencies is becoming the big news of the year. Many analysts claim that this will ultimately push bitcoin into mainstream territory and give it the boost it needs. Already, the currency has shoved past the $13,000 mark and many industry experts think the currency could potentially end the year at around $14,000 – a solid piece of data given how up and down the currency has been during these past 12 months.Bitcoin Won’t Be...

Stellar lumen price traded to a new monthly high at $0.0878 against the US Dollar.XLM price is currently correcting lower below $0.0850 and testing the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $0.0840 on the 4-hours chart (data feed via Kraken).The pair could correct lower, but the $0.0800 and $0.0785 support levels might provide support.Stellar lumen price is trading in a positive zone above $0.0800 against the US Dollar, similar...