Day: March 4, 2019

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report

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Crypto finance startup Circle Internet Financial is reportedly looking to raise a further $250 million in funding. A report from The Information on Saturday, citing a source with knowledge of the matter, said that Circle is seeking to raise the funding via a combination of equity and debt financing. They added that the reason for the move is that the firm’s business has been affected by the prolonged cryptocurrency bear market. Circle has not confirmed the source’s claim, The Information said. The Goldman Sachs-backed firm has previously raised at least $246 million, according…

Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

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Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources. As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino acquisition on Feb. 19, saying it would make use of the startup’s advanced blockchain analytics tools, Anti-Money Laundering and Know Your Customer technology. The move swiftly became controversial as details of…

Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

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Photo: PEXELS Key Highlights: The breakdown of $3,679 support level will decrease Bitcoin price towards $3,679; in case the bears do not defend the resistance level of $4,337, BTC will find its high at $4,692; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,241, $2,765 BTC/USD is on the sideways movement on the long-term outlook. On February 23, the bullish momentum aided the BTC price to find its high at $4,237. Continuation of Bitcoin price increment was opposed by the bears with…

Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear

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Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar. The price started a downward move and broke the $3,800 and $3,760 support levels. There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading in a bearish zone and it could decline further below $3,700 and $3,680. Bitcoin price failed to climb above key resistances and declined against the US Dollar. BTC is likely to…

Crypto Market Remains At Risk: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap is following a declining structure below the $128.0B resistance level. EOS price broke the key $3.55 and $3.50 support levels to move into a bearish zone. Bitcoin cash price traded below the $130 support and it could now test the $125 level. Tron (TRX) price extended losses below $0.0240 and it is now approaching the $0.0220 support. Cardano (ADA) price is currently sliding towards the key $0.0400 support level. The crypto market recovery remains at a risk of more losses. Bitcoin (BTC), Ethereum (ETH), EOS,…

Another Bitcoin Indicator Signals Price Bottom May Be Forming

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A technical indicator that incorporates both bitcoin’s price and trading volume is signaling the cryptocurrency may have bottomed in December. The money flow index (MFI), also known as the volume-weighted relative strength index, is used to identify buying and selling pressure and oscillates between zero to 100. A rising MFI indicates an increase in buying pressure, while a falling MFI is considered a sign of increasing selling pressures. Essentially, the MFI validates or confirms price trends. Many times, however, the indicator diverges from the prevailing market trend. For instance, BTC dashed hopes…

Ripple Price Analysis: XRP Targets Fresh Weekly Lows Before Upside

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Ripple price failed to gain momentum above the $0.3150 resistance and declined against the US dollar. The price is now trading well below the $0.3140 resistance and the 100 hourly simple moving average. There is a crucial contracting triangle in place with resistance near the $0.3095 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip sharply towards the $0.3020 support before it attempts a solid recovery. Ripple price trading with a bearish angle against the US Dollar and bitcoin. XRP/USD remains at…

Ethereum Price Analysis: ETH Turned Sell Until It Breaks $134

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ETH price made many swing highs and later declined below the $131 support against the US Dollar. The price is now trading well below the $135 resistance and the 100 hourly simple moving average. There was a break below a major triangle with support at $131 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down and it could test the $126 or $125 support level in the near term. Ethereum price is under pressure below key resistances against the US Dollar and…

Even Crypto Haters Feel That Adoption Is Inevitable: Bitcoin Venture Capitalist

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Over cryptocurrency’s ten-year history, this space has been beaten to hell and back by skeptics who don’t think (or don’t want) the innovation to succeed. Yet, one Bitcoin-friendly venture capitalist claims that there’s an inevitability to the crypto space. Better yet, he remarked that even those sardonic towards this space have an inkling of a feeling that this paradigm-shifting innovation could potentially garner traction the world over. Crypto Not Mainstream’s Darling, But It Still Could Be The ‘Next Big Thing’ Chris Burniske, a partner at Placeholder Ventures, recently broke down…