Ripple price is still consolidating above the $0.2300 and $0.2350 support levels against the US dollar.The price is trading well below the $0.2550 resistance, but it is above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.2395 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue higher above $0.2500 as long as there is no close below $0.2300.Ripple price is trading in a range above the $0.2300...
Read More »How One Researcher Kept a Serious Bitcoin Issue Silent and Out of the Spotlight
Sometimes the best way to ensure your enemies can’t take advantage of you is to keep all your vulnerabilities and issues as secret as possible, and for one team of bitcoin researchers, doing so has ensured the world’s number one cryptocurrency by market cap has stayed safe over the past two years.Bitcoin Had a Major Issue That Was Kept QuietIn 2018, Bitcoin Core was discovered to have a serious vulnerability. It wasn’t long before the issue was fixed up, but the entire operation was kept very...
Read More »Belarus Bitcoin Community Grows As Protests Continue
It seems like protests are happening all over the world as of late including in the country of Belarus. The nation has been suffering from political unrest ever since its recent presidential election, and some are turning to bitcoin to ensure they have what they need as they continue the protest agenda.Belarus Is the Center of Protests… And Bitcoin LoveThings began on a relatively small scale. The protests began on August 8, when a city hall employee named Maria in Pinsk went to a polling...
Read More »Despite the Harsh Economy, Bitcoin Miners Are Doing Rather Well
Here’s an interesting notion. On paper, bitcoin and crypto miners have appeared to be suffering as of late. The industry has fallen into a pit of blackness following the spread of the coronavirus pandemic as it is not considered a “necessary” field the same way restaurants and grocery chains are.Bitcoin Miners Earned a Lot of Money Last MonthAnd yet in August, according to a new report, bitcoin and cryptocurrency miners have allegedly made well over $300 million. Despite the pandemic, despite...
Read More »Square Unveils New “Non-Patent” System for Blockchain Firms
Square Inc. – a company led by CEO Jack Dorsey of Twitter fame – has announced a new initiative that will allow cryptocurrency and blockchain companies to form and remain innovative without all the hassles and problems associated with patents.Square Thinks Patents Are Major BurdensAs it stands, patents really get in the way of establishing a company. One startup may form an idea only to find that a patent has been filed on something similar. The competing entity has no desire nor any ambition...
Read More »Jack Dorsey: Bitcoin Is the Primary Internet Currency
At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for just over $10,200, which means that it’s fallen a little further in the past 24 hours. Still, despite the bearish phase the cryptocurrency appears to be experiencing, many people seem to be remaining loyal to the asset, among them Jack Dorsey of both Square and Twitter fame.Jack Dorsey: Bitcoin Is the Most Viable CurrencyAs the CEO of two major companies, Dorsey has long been a top advocate...
Read More »Congressman Soto of Florida Says “Yes” to BTC Campaign Donations
It looks like another congressman has caught the bitcoin bug. Darren Soto – a democratic representative of the state of Florida – has announced that his reelection campaign this year will accept cryptocurrency donations and payments.Darren Soto Has His Eye on BlockchainSoto seems to believe that blockchain has what it takes to lead the U.S. into a new digital age. He’s also confident that the technology offers more benefits than many analysts seem to give it credit for. In a recent interview,...
Read More »Argentina Is in a Fight with a Bitcoin Ransomware Group
We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...
Read More »Not Every Analyst Is Convinced That Bitcoin Is Bearish as of Late
As many traders have likely witnessed by now, bitcoin has endured a harsh period of struggle as of late. The currency was initially trading for just over the $12,000 mark at the end of August but has since lost about $2,000 off its price to fall into the low $10,000 range.Has Bitcoin Really Been Falling Hard?It’s a sad time for many bitcoin enthusiasts, though there are several analysts out there that think the recently bearish trends affecting bitcoin aren’t that bad. Even though many...
Read More »Bitcoin Gets Small Boost from Ledger X Futures
Bitcoin has been incurring small gains here and there, though this is nothing to be terribly excited about just yet. The currency has been working to bring itself back up to the top of the financial ladder. The problem is that it’s happening at a snail’s pace.Bitcoin Is Moving Up Very SlowlyRecently, the currency had fallen all the way down to the $10,100 range. From there, it’s risen by about $100 a day to finally reach today’s current price of around $10,400. At this rate, granted bitcoin...
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