Tag Archives: News

The record unemployment experienced in the United States has brought about a whole new appreciation and love for bitcoin and its altcoin cousins, new research shows.No Job? Bitcoin Can HelpThe U.S. has witnessed millions of people losing their jobs and filing for unemployment in the wake of the coronavirus pandemic, with weekly filings growing by millions of people at a time. Businesses have had to shut down unexpectedly as President Donald Trump issued a national emergency in late March and...

Litecoin price started a sharp decline after it failed to clear the $45.00 resistance against the US Dollar.LTC price is now trading well below $43.50 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of another decline if it fails to stay above $41.00 and $40.00.Litecoin price is trading in a bearish zone against the US Dollar, similar...

New Zealand law enforcement authorities claim to have seized more than $90 million in bitcoin funds from the now 39-year-old Alexander Vinnik, the alleged fraudster who’s accused of stealing billions of dollars in crypto from unsuspecting victims through the now defunct BTC-e cryptocurrency platform.Alexander Vinnik Sees His Money TakenVinnik’s crimes apparently date back to the year 2011. The United States has sought his extradition on charges of computer fraud, computer hacking and drug...

As of late, bitcoin appears to be doing rather well for itself. The currency recently rose to the $9,600 mark, meaning that it’s surpassed present resistance and gained more than $300 in roughly 48 hours. However, according to some analysts, bitcoin is still in a position of heavy struggle, and not doing as well as it seems.Bitcoin Is Still StrugglingWhile the asset has indeed risen beyond what analysts originally thought it was capable of, many agree that the currency hasn’t “broken out.”...

A rumor is circulating that PayPal and other payment processors are looking to pledge support for bitcoin in the coming weeks. PayPal is being joined by Venmo, and the result is bitcoin appears to have surged by another $300 at the time of writing.PayPal and Bitcoin to Join Hands?Just 48 hours ago, the world’s number one digital currency by market cap was trading in the $9,300 range. However, now the currency is selling for well over $9,600. The jump was likely sparked by the sentiment that...

ADA price is showing positive signs above the $0.0800 resistance zone against the US Dollar.The price is facing a significant resistance zone near the $0.0885 and $0.0900 levels.There was a break above a major bearish trend line with resistance near $0.0820 on the 4-hours chart (data feed via Kraken).The price must clear the $0.0900 resistance to continue higher towards $0.1000 in the near term.Cardano price is moving in a bullish zone above $0.0800 against the US Dollar, similar to bitcoin....

Bitcoin price started a fresh increase above the $9,340 resistance against the US Dollar.The bulls succeeded in clearing the key $9,500 resistance zone and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair traded as high as $9,793 and it is currently correcting gains.Bitcoin price is back in a positive zone above $9,400 and $9,500 against the US...

Freelance coder, philologist and neurobiologist Alexandra Elbakyan is looking for a little help from bitcoin, as platforms like PayPal have turned her down.Alexandra Elbakyan Looks to BTC for Company HelpElbakyan runs a website that provides readers with a multitude of academic papers. This wouldn’t be so bad except that most of these papers typically need to be be subscribed to and paid for, whereas her website is looking to offer them for free. As many as 80 million articles are currently...

We’re already halfway through the year and while bitcoin has done relatively well – having shot back up into the $9,000 range since March – the currency still has a way to go if it’s going to reach some of the end-of-year predictions that analysts have set for it.Bitcoin May Not Reach an End-of-Year High2020 was the year of the highly anticipated third halving, and for many analysts, this was the year in which bitcoin would potentially reach its all-time high again of nearly $20,000. However,...

Max Keiser – a bitcoin investor and host of the Keiser Report – believes that the number one digital currency by market cap will spike to $400,000 per unit in the coming years.Max Keiser: Forget $100K; We’re About to See $400KInitially, Keiser has long touted a $100,000 price for the digital currency. He’s allegedly been predicting such a figure since the year 2011, but now he’s confident the end price for bitcoin will be four times this, and he’s convinced it will happen because the U.S....