Tag Archives: News

Many people are comparing bitcoin favorably to the centralized banking system of the United States following an interview on “60 Minutes” with U.S. Federal Reserve chairman Jerome Powell.Jerome Powell: We Printed Money DigitallyPowell appeared to discuss the country’s reaction to the ongoing coronavirus pandemic and the issuance of over $2 trillion in federal relief aid to small businesses and American individuals alike. Many people have already received checks of a full $1,200 as required by...

The bitcoin halving has come and gone, and many were worried about the state of bitcoin’s mining operations and how they would handle the coming future. Would mining remain a profitable industry, or would it sink into oblivion never to be heard from again?The Halving: Did It Hurt the Industry?While there are certainly changes the arena must deal with, bitcoin miners and mining machines are still witnessing some profits creeping into the space, suggesting that the recent halving hasn’t...

Crypto exchange BitMEX has suffered an outage this week, and many people are pointing the finger and accusing it of being a “rotten” trading platform.BitMEX Is Having a Tough TimeBased in Seychelles in Africa, the exchange specializes in bitcoin derivatives and has often been labeled a “bitcoin casino” over the years. The crypto trading platform experienced an outage earlier this week that isn’t sitting well with a lot of bitcoin fans, who say that the company is not reliable, and that any...

EOS price failed to stay above the $2.700 resistance and declined recently against the US Dollar.The price is now trading below the $2.650 pivot level with a bearish angle.There was a break below a key ascending channel with support near $2.640 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of more losses towards the $2.400 and $2.300 support levels.EOS price is currently facing an increase in selling pressure against the US Dollar, similar to...

Litecoin price failed to clear the $47.50 level and declined recently against the US Dollar.LTC price is now trading below the $45.00 level, with a bearish angle.There is a key bearish trend line forming with resistance near $46.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it remains at a risk of more losses below $44.00 and $42.00.Litecoin price is showing signs of another bearish wave against the US Dollar and bitcoin. LTC price...

Crime and dark web activity have always been big in the crypto space, but as of late, it looks like the numbers in the space have grown exponentially over the past three years.The Dark Web Is Expanding HeavilyAccording to a new report issued by Bitfury – a bitcoin technology firm – dark web activity in the crypto arena has surged by more than 300 percent over the past three years. Furthermore, the number surged by more than 60 percent in just 2020 alone. The report suggests that dark net...

With the federal government printing new money every five minutes, many analysts and traders say that the threat of inflation is upon us, but strangely, many are not turning to bitcoin in these troubled times, but rather to gold. Several analysts believe that gold is the answer to many incoming economic troubles.Analysts: Gold Is Stronger than BTCFund manager Crispin Odey, for example, recently commented:Gold is the only escape from global monetizing. In the short term, the money will be made...

No doubt bitcoin’s been doing rather well as of late, but according to executives at Andreessen Horowitz, another breakout is on the horizon, and bitcoin could spike to levels we haven’t seen in some time.Andreessen Horowitz Predicts Big Things for BitcoinBoth Chris Dixon and Eddy Lazzarin – partners at the investment firm – wrote in a blog post that a “fourth crypto cycle” is about to emerge. They believe that bitcoin’s price is going to get much higher in the coming months, and that those...

ADA price is trading in a bullish zone above the $0.0530 support against the US Dollar.The price traded as high as $0.0571 and it is currently sighting more gains.There is a major bullish trend line forming with support near $0.0550 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to find support near $0.0550 and rise again.Cardano price is gaining bullish momentum above $0.0550 against the US Dollar, similar to bitcoin. ADA price remains positive...

Bitcoin price is trading nicely above the $9,540 and $9,400 support levels against the US Dollar.It is currently struggling to clear the $9,940 and $10,020 resistance levels.There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,940 and $10,020.Bitcoin price is currently consolidating gains above the $9,400 support against the US Dollar. BTC is...