Tag Archives: News

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

Bitcoin has surged as of late, but according to many experts and analysts, now is not the time to buy.Some Analysts Say “Stay Away” from BitcoinThe sentiment is that the current jumps aren’t going to last, and that there is only a seven percent chance that the asset will again reach its all-time high of nearly $20,000 this year, according to many options markets. Gavin Smith – chief executive of crypto firm Panxora – explained in an interview:Our view for the balance of 2020 is still high...

ADA price tested the $0.1500 resistance zone and corrected lower against the US Dollar.The price is currently trading well above the $0.1400 level and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.1495 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if there is a clear close above the $0.1500 resistance.Cardano price is trading in a nice uptrend above $0.1350 against the US Dollar, similar to...

Bitcoin price rallied more than 15% and it broke the $11,000 resistance zone.A new monthly high is formed near $11,412 and the price is consolidating above $10,500.There is a short-term contracting triangle forming with support near $10,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair might correct lower in the short-term, but dips remain well supported near $10,300.Bitcoin price is trading in a strong uptrend above $10,500 against the US Dollar. BTC could...

The big news today is that bitcoin is just shy of hitting the $11,000 mark, but now that the world’s number cryptocurrency by market cap is on a fresh high, many altcoins are beginning to retrace their steps and fall to lower numbers.Altcoins Are Hitting Fresh Lows as BTC RisesAt the time of writing, several of the crypto space’s leading altcoins are up against the U.S. dollar, but down when compared with bitcoin. Ripple (XRP), for example, is the world’s third-largest cryptocurrency by...

Canadian crypto mining firm Bit Farms is swamped with high-interest debt.How Will Bit Farms Pay Everything Off?The company has been struggling to pay off much of what it owes. Straddled with declining revenue, the company is scheduled to pay more than $20 million by the time 2021 rings in, which means the venture could be in a heap of trouble.The mining industry has been treated very poorly over the past several months largely due to the coronavirus pandemic that has been spreading across the...

Bitcoin has done it. The world’s number one digital currency by market cap has surged beyond the $10,000 mark and is now trading for an impressive $10,800, noting an 11 percent jump over the past week alone.Bitcoin Shoots Beyond $10,000Why, suddenly? What could cause the currency to shoot up so fast, and what is in place that would allow bitcoin to potentially keep its current price position? It’s not like bitcoin hasn’t crossed the $10K threshold throughout 2019, and yet so far, the jumps...

Tron price is trading in a positive zone above the $0.0180 support zone against the US Dollar.TRX price is currently facing hurdles near $0.0190, but it is well above the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.0187 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong upward move if it breaks the $0.0187 and $0.0190 resistance levels.TRON price is following a bullish path above $0.0180 against the US...

Ethereum price started a strong rally above the $250 pivot level against the US Dollar.ETH price surged above the $300 level and traded to a new multi-week high at $334.There is a major bullish trend line forming with support near $308 on the 4-hours chart (data feed from Coinbase).The pair remains in a strong uptrend and it is likely to resume its rise above $320.Ethereum price is trading nicely in an uptrend above $300 against the US Dollar. ETH/USD is likely to climb back above $320 and...

Bitcoin and cryptocurrency seem to have a knack for getting involved in criminal agendas, and the situation at hand doesn’t appear any different. It is being reported that the son of former Nissan Motor Company Chairman Carlos Ghosn wired several bitcoins to men who potentially helped his father escape justice while in Japan.Carlos Ghosn Has Potentially Escaped JusticeAs much as $500,000 in BTC payments were sent to one of two men in Massachusetts. Both are accused of assisting Carlos Ghosn...