Day: October 21, 2019

Bitcoin Lacks Direction after Weekend Gains; Correction Incoming?

boss

Bitcoin was trading in positive territory on Monday to uphold gains it made during this weekend. The benchmark cryptocurrency surged by 0.07 percent to trade near $8,230 as of 1140 UTC. At its session high, it was trading at $8,301.85, which was 4.37 percent higher than Friday’s closing point. The upside came as a part of technical correction after bitcoin tested $7,800 as support. More ideally, the cryptocurrency tested the lower trendline of the sideways channel, wherein it is trending since September 25. It opened possibilities of bitcoin to test…

Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option

boss

Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.” Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S. Binance had said in September that fiat…

XRP Is Top Performing Major Crypto Behind Bitcoin, But Criticisms Remain

boss

XRP continues a solid performance throughout October. This comes off the back of weeks of sideways action from Bitcoin. And while it’s too soon to call a start to altseason, XRP is still up 13% since the beginning of October, hovering around the $0.29 mark. However, critcisms of the relationship between Ripple and XRP, as well as Ripple itself, will not go away. XRP Since it began, the divisive token has faced a barrage of fire from all angles. Recently, this has come from reports of Ripple dumping XRP, and…

Blog: Global collaboration and how it helps the UK

boss

A blog by Elizabeth Denham, Information Commissioner 21 October 2019 We live in an age of borderless data flows. We can be in our own homes, but as quickly as we tap an app on our phones, our information travels outside our personal four walls and is transmitted around the world. Wherever that data flows, we expect our information to be properly looked after. With that in mind, there has never been a more important time for global coherence in data protection and privacy. As UK Information Commissioner, part of…

Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures

boss

Bitcoin mining startup Layer1 will run its own power sub-station and utilize solar and wind energy generated on the plains of West Texas. Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer…

Despite Bitcoin Price Blues, Hope of $10K Springs Eternal

boss

Despite Bitcoin Price Blues, Hope of $10K Springs Eternal October 21, 2019 by Ramiro Burgos There is still hope! The bitcoin price may have gone lateral around the $8,000 USD level… but it could soon leave in favor of a moderate chance to revert to an axis level around $10,000. Read our weekly technical analysis for the details. Also read: Bitcoin Price: Is $8K the New Normal or Can it Bounce Back? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical Analysis Long-Term Analysis After…

Bitcoin, Ether, and XRP Weekly Market Update October 21, 2019

boss

Reading Time: 4 minutes by Georgi Hristov on October 21, 2019&nbspAltcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, News Digest, Price Analysis, Price pages, Ripple, Stablecoins, Top Coins For The Week The total crypto market cap lost $2.5 billion of its value during the last seven days and now stands at $222.7 billion. The top 10 currencies showed mixed results for the same time frame with Bitcoin SV (BSV) being the best performer with 10.8 percent of gains while EOS (EOS) lost 6.2 percent. By the time of writing bitcoin (BTC)…

Bitcoin (BTC) Price Recovers Above $8.2K But Approach Remains Cautious

boss

Bitcoin price is currently correcting higher and it broke the key $8,200 resistance against the US Dollar. The price is now consolidating gains below the $8,300 and $8,350 resistance levels. There is a short term breakout or bullish continuation pattern forming with resistance near $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could struggle to continue higher and it might correct towards the $8,100 support. Bitcoin price is rebounding nicely above $8,100 and $8,200 against the US Dollar. However, it is still early…

Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis

boss

The total crypto market cap is currently correcting higher, but facing hurdles near $215.0B. Bitcoin price jumped more than 5% and it is trading above the $8,200 resistance area. EOS price is slowly moving higher towards the key $3.000 resistance level. BCH price is also up more than 5% and it is approaching the key $230 resistance. Tron (TRX) price is currently consolidating near the key $0.0155 pivot level. Cardano (ADA) price is still struggling to clear the key $0.0400 resistance area. Bitcoin and the crypto market cap are currently…

Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering

boss

Ripple price is slowly moving higher towards the $0.2950 resistance area against the US dollar. The price is facing an uphill task near the $0.2950 and $0.2980 resistance levels. There is a major bearish trend line forming with resistance near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either rally above $0.2950 or it might decline to retest the $0.2850 support area. Ripple price is making attempt to clear a few key hurdles against the US Dollar, while bitcoin is recovering. XRP…