Tag Archives: News

Ethereum price failed to clear the $400 barrier and declined recently against the US Dollar.ETH price is trading below the $352 support level and the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $375 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it breaks the $330 support level in the near term.Ethereum price is declining and trading below the $352 support against the US Dollar. It seems like...

It looks like India and cryptocurrency are back in the news. This time, India is resorting back to its old tricks of potentially banning crypto trading.India Seeks Full Ban on Crypto TradingThe big question is this… Didn’t the country already tread this path? While crypto trading itself was never banned within its borders, India did pass a law that prevented all standard banks and financial institutions from doing business with firms and enterprises that dabbled in crypto. If a company...

Facebook’s Libra company – the cryptocurrency that will allegedly serve as a global currency everyone can use in the coming future – has appointed James Emmett, the former HSBC European head, to an executive position within its infrastructure.Libra Chooses James Emmett of HSBC FameAccording to reports, Emmett will develop and operate the payment system associated with Libra, which goes by the name of the Calibra wallet. Emmett’s appointment marks the latest in a string of several high-profile...

How strange is it that the coronavirus has led to the suffering of banks but the overall establishment of bitcoin as a potentially mainstream asset? According to most analysts, the situation is not strange at all.Bitcoin Is Now More Mainstream Than EverBitcoin was largely speculative prior to the spread of the coronavirus pandemic. People saw it as something that could be invested in and something that could get them a lot of money if they played their cards right, but that’s about it. Nobody...

Stellar lumen price remained in a bearish zone and it tested the $0.0720 support zone against the US Dollar.XLM price is currently declining below $0.0780 and the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $0.0780 on the 4-hours chart (data feed via Kraken).The pair could either nosedive below $0.0740 or it might correct above the $0.0800 resistance.Stellar lumen price is struggling to recover above $0.0800 against the US Dollar, similar...

The United States appears to be angry with crypto hackers as of late, and the country is making it clear that it’s not going to put up with bad actors anymore. The U.S. is presently accusing two Russian hackers of making off with roughly $17 million in assorted crypto units. The accusations come from the Justice, State and Treasury Departments.The United States Will Not Put Up with Crypto TheftThe Treasury has identified two individuals allegedly involved in the scheme. They are Danil...

The Securities and Exchange Commission (SEC) has settled charges with a company known as Unikrn, Inc. The company is believed to have offered its new token through an unregistered offering.The SEC: Our Rules Could Be More UnderstandableThe crypto space is certainly no stranger to stories like this, and as of late, the agency appears to be very strict when it comes to exacting the appropriate penalties on crypto companies that don’t follow the rules and regulations in place.However, the SEC is...

It looks like bitcoin is back on its way towards the top. The currency has hit the $11,000 mark again for the first time in several weeks after a series of spikes that saw it rising gradually through the $10,000 range, thereby suggesting that perhaps this time, the currency will remain within bullish territory.Bitcoin Is Back On Its Way UpThis is a problem that we’ve seen with bitcoin several times over. When the currency rises too quickly, it fails to sustain a strong momentum and cannot...

Bitcoin is an interesting entity for many reasons, a big one being that it shares correlations with many other financial tools such as stocks and gold, but for the most part, these correlations have all been rather general. Now, it’s coming out that bitcoin shares a correlation specifically with Tesla stock, and when one looks at the evidence, it’s hard to ignore this idea.Tesla and Bitcoin Appear to Be ConnectedBitcoin has done extremely well during the coronavirus pandemic. Yes, it’s true...

Robert Kiyosaki – the famed author of the bestselling book “Rich Dad, Poor Dad” – is once again talking about bitcoin and about how the world’s number one cryptocurrency by market cap faces an imminent crash once a COVID vaccine emerges.Robert Kiyosaki: Once A Vaccine Emerges, It’s All OverThe idea behind bitcoin right now is that it is a strong tool that can potentially hedge one’s wealth against inflation and other harsh economic circumstances. Many of these circumstances are being brought...