Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and…

Bitcoin Demand Will Surge if The Chinese Yuan Falls More: BitMEX CEO

As we reported the other day, evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently noted that after Donald Trump, the president of the U.S., announced tariff changes on Chinese imports, BTC began to rally. Simultaneously, the yuan purportedly fell to its lowest level in six months, as China looked to move against Trump. Garrick Hileman, the head of research at industry startup Blockchain.com, told the SCMP that his team, in fact,…

Bitcoin (BTC) Technicals Suggest Bearish Drawdown Ahead

Bitcoin Charts Seem Bearish Bitcoin (BTC) may just have bounced back from another sell-off, moving from $7,600 to $8,000, but one analyst is still sure that the cryptocurrency market is currently topping. Analysis group Bravado’s Bitcoin Jack, who seemingly called Bitcoin’s move to $8,000, broke down his thoughts on the matter in a Twitter thread. He notes that Bitcoin recently reached its “FAPFAP” bear market average price level, which Jack claims signals an impending reversal, as he saw similar patterns in gold, the S&P 500, and Bitcoin in its history.…

UK Financial Watchdog Warns Public of Crypto Clone Firm

The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), warned that ICAP Crypto is a clone firm in a public announcement on May 24. According to the report, ICAP Crypto is a clone firm of ICAP Europe Limited. Clone firms are a type of scam in which the scammers use information from legitimate firms in an attempt to convince targets that they are genuine. In this case, ICAP Europe Limited is a legitimate firm that is authorized by the FCA, and its details are being propagated…

Indicator Suggests Bitcoin (BTC) Needs To Correct, But Don’t Worry

The Bitcoin Party May Soon End For the umpteenth time in a few weeks, Bitcoin (BTC) bulls have managed to wrestle bears out of the ring. The asset has moved back up to $8,150, and looks poised to head higher. But as Josh Olszewicz of Brave New Coin recently pointed out, an indicator may be signaling that Bitcoin is poised for a pullback. In a recent tweet, Olszewicz pointed out that the Kijun band of the Ichimoku Cloud, a series of technical indicators coagulated to determine trends, key levels, and…

Indicator Suggests Bitcoin (BTC) Needs To Correct, But Don’t Worry

The Bitcoin Party May Soon End For the umpteenth time in a few weeks, Bitcoin (BTC) bulls have managed to wrestle bears out of the ring. The asset has moved back up to $8,150, and looks poised to head higher. But as Josh Olszewicz of Brave New Coin recently pointed out, an indicator may be signaling that Bitcoin is poised for a pullback. In a recent tweet, Olszewicz pointed out that the Kijun band of the Ichimoku Cloud, a series of technical indicators coagulated to determine trends, key levels, and…

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept is that users of Facebook’s payment crypto would have the option to potentially hold…

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept is that users of Facebook’s payment crypto would have the option to potentially hold…

Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

Two miners have reportedly executed a 51% attack on the bitcoin cash (BCH) blockchain, according to tweets by Cryptoconomy Podcast host Guy Swann on May 24. A 51% attack occurs when someone controls the majority of mining power on a Proof-of-Work blockchain network. This means that the majority block verifier can prevent other users from mining and reverse transactions. While many have assumed that a 51% attack would be carried out with malicious intent, the above case happened as the two mining pools attempted to prevent an unidentified party from…

Facebook’s GlobalCoin Could be Launching as Soon as Next Year

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant,…