Tag Archives: News

CEO of Galaxy Digital Michael Novogratz is at it again with his praise and pushing of bitcoin. In a recent interview, he said that BTC was less risky than the stock market.Mike Novogratz Is Pushing BTC AgainAs it stands, bitcoin has been going through something of a rough patch. The currency recently fell from about $12,400 to its present figure of $10,800, which is about $400 higher than where it stood just a few days ago. The good news is that bitcoin is quite close to hitting the $10,900...

ADA price gained traction and rallied above the $0.1000 resistance against the US Dollar.The price traded to a new monthly high at $0.1065 and settled above the 55 simple moving average (4-hours).There was a break below a major bearish trend line with resistance near $0.0860 on the 4-hours chart (data feed via Kraken).The price is currently correcting lower, but dips are likely to find support near $0.1000 or $0.0950.Cardano price is trading in a positive zone above $0.1000 against the US...

Ethereum price started an upside correction from the $313 swing low against the US Dollar.ETH price is currently struggling to clear the $365 resistance and trading just above the 55 simple moving average (4-hours).There was a break below a key ascending channel with support near $354 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it breaks the $350 support level in the near term.Ethereum price is declining and trading below the $355 support against the US...

When it comes to money laundering and illicit behavior, bitcoin is still getting a bad rap, though according to Changpeng Zhao – the CEO of cryptocurrency exchange Binance, arguably the largest and most popular exchange in the world – this isn’t always warranted.Changpeng Zhao: BTC’s Reputation Is Still SufferingIn a recent interview, Zhao explained that money laundering is indeed dangerous, though while it’s widely associated with bitcoin, the asset itself doesn’t pose a danger to society...

According to Stack Fund co-founder and CEO Matthew Dibb, the stock market is suffering at the time of writing, and so long as it continues to suffer, bitcoin will suffer as well.Matthew Dibb: BTC Will Suffer So Long as Stocks DoAt this point, there is no reason to deny that bitcoin and the stock market share a special correlation of sorts. Whenever the stock market goes up, bitcoin tends to follow and vice versa. This also works in reverse. If stocks move down, bitcoin will typically edge...

When it comes to Facebook, bitcoin and Tesla, the three entities all seem to share a connection of sorts. Bitcoin is the primary cryptocurrency created in 2008. It has led to the creation of other digital currencies such as Ethereum, Ripple and EOS to name a few.Facebook and Tesla and BTC: What Connects Them?When it comes to Facebook and bitcoin and the relationship that those two entities share, Facebook has clearly been inspired by bitcoin and the crypto space to create its own digital...

Stellar lumen price is currently correcting higher from the $0.0668 low against the US Dollar.XLM price is currently trading above the $0.0720 resistance and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.0740 on the 4-hours chart (data feed via Kraken).The pair could accelerate higher once it clears the $0.0760 and $0.0800 resistance levels.Stellar lumen price is showing recovery signs above $0.0720 against the US Dollar,...

Ripple price is recovering nicely above the $0.2400 and $0.2420 resistance levels against the US dollar.The price is now trading nicely above $0.2420 and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.2435 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to rise above the $0.2450 and $0.2500 resistance levels in the near term.Ripple price is showing positive signs above the $0.2400...

At the time of writing, the price of bitcoin has managed to pull itself out of the dark hole it was trapped in and climb further up the financial ladder. While the spike it’s recently incurred isn’t really anything to break champagne out over, it is a reminder that bitcoin can never be brought down permanently, and that the coin is far more resilient that we could have ever thought.Bitcoin Is Again On the RiseThe currency is now trading for just over $10,700, which is about $300 more than...

It’s happened again, folks. Another innocent, unsuspecting cryptocurrency exchange has fallen victim to hackers and lost millions in digital funds. This time, the target was Ku Coin in Singapore, one of Asia’s most popular crypto trading platforms, and the total taken exceeds $150 million.Ku Coin Was Hit HardThe exchange made the following announcement on its website:We detected some large withdrawals since September 26, 2020. According to the latest internal security audit report, part of...