Stellar lumen price is showing a lot of positive signs above the $0.0650 support against the US Dollar.XLM price corrected lower recently after trading as high as $0.072.There is a key rising channel forming with support near $0.0650 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near the $0.0660 and $0.0650 levels.Stellar lumen price is following a bullish path against the US Dollar and bitcoin. XLM price start a fresh increase as long as the...
Read More »Ripple Price Analysis: XRP Facing Uphill Task Near $0.3000
Ripple price started a downside correction after tagging the $0.3150 resistance against the US dollar.The price is currently consolidating above the $0.2850 support area, with a few positive signs.There is a major bearish trend line forming with resistance near $0.2980 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price must surpass the $0.3000 barrier for a fresh increase in the coming sessions.Ripple price is facing a major hurdle near $0.3000 against the US...
Read More »Samsung Adds Elrond Token to its Blockchain Wallet
Photo: SamsungSamsung has announced that it is expanding the range of coins available in its blockchain wallet. It has added new token Elrond (ERD) to ensure secure and faster payments using this crypto.Samsung Galaxy S10 device is able to automatically generate a blockchain wallet for users, allowing them to store and use numerous cryptocurrencies (earlier their number was 33). This wallet is created to allow users to make transactions in cryptos and easily access DApps from their...
Read More »Deribit to Compensate Users for Its Error Resulting in Bitcoin Price Crash
Photo: DeribitOn Thursday, October 31, Bitcoin witnessed a major flash crash to $9000 levels on two exchanges – Coinbase Pro and Deribit. On Thursday, at 19:55 UTC, BTC spot price crashed from $9260 to $9055 in a short span of time.Just within an hour later, futures and options exchange, Deribit saw BTC futures dropping from $9150 to $7720. However, in just a few minutes BTC price bounced back to $9000. However, this rapid price fluctuation in BTC caught traders’ attention as multiple orders...
Read More »Robinhood Expands Commission-Free Crypto Trading to 8 Additional U.S. States
The Robinhood investment app platform has just announced that its Robinhood Crypto feature has just added more U.S. states to its platform. Previously servicing 39 states, the 8 new additions now mean that Robinhood Crypto is now available to a total of 47 states.With Robinhood Crypto, users can trade seven digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin SV (BSV) Ethereum Classic (ETC), Bitcoin Cash (BCH) and Dogecoin (DOGE) all free of charge. The new state...
Read More »Merchants and Users Might Accept Bitcoin Directly, Says ICE CEO
Bitcoin may have different names and “digital gold” is surely one of them. However, if it’s to believe Intercontinental Exchange’s chief executive’s words, it first has to start being used more in everyday business.ICE head Jeffrey Sprecher said on Thursday that the constant use in transactions is the crucial step for Bitcoin if it wants to be regarded as a long-term store of value. ICE’s Bakkt subsidiary, which recently (finally) started with its Bitcoin futures market, announced earlier in...
Read More »Binance Set to Open Beijing Branch as China Goes Pro-Blockchain
Probably the largest digital currency exchange platform in the world Binance is reportedly going to set up post in China, with an office in the capital city of Beijing. When the Beijing office is finally launched, it will be the second Binance office in the country, after the one currently operating in Shanghai, China’s biggest city. The news came from anonymous sources in a Coindesk report and is not officially confirmed yet.Since there is no official word from the exchange, no one is...
Read More »BitMEX Reveals Some Users’ Email IDs Making Amateurish Mistake
Cryptocurrency derivatives exchange BitMEX sent a mass email to its users on Friday with all of their email addresses in the “To” field. Usually, when you are sending a mass e-mail and you want to protect other users’ privacy, you put their e-mail addresses in the so-called blind carbon copy or BCC field. That’s how the other users’ e-mail addresses stay hidden from everybody else. This way, by not putting the names in the BCC field but in an amateurish manner dividing them by the comma,...
Read More »Binance.US Exceeds $15 Million Daily Trading Volume One Month after Launch
In September, one of the world’s most popular cryptocurrency exchanges Binance launched its U.S. arm, initially allowing U.S0. citizens to trade 13 cryptocurrency pairs across Bitcoin (BTC), Bitcoin cash (BCH), Binance Coin (BNB), Ether (ETH), Litecoin (LTC), XRP, and the Tether stablecoin (USDT). Since the launch, only one month has passed, but Binance.US has already demonstrated incredible results: its daily trading volume has exceeded $15 million.Besides, the U.S. arm of Binance has...
Read More »Bitcoin Cash Analysis: BCH Approaching Next Crucial Break
Bitcoin cash price rallied recently and climbed above the $280 resistance against the US Dollar.The price is currently consolidating above $180 and seems to be setting up for the next break.There is a major breakout pattern forming with resistance near $284 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could either rally again above $285 or it might extend its correction to $260.Bitcoin cash price is trading in a nice uptrend above $280 against the US Dollar....
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