Day: October 24, 2019

Bitcoin (BTC) Price Won’t Go Quietly, Risk of Bounce Grows

boss

Bitcoin price is down more than 8% and it dived below $7,500 against the US Dollar. The price is currently correcting higher after trading to a new monthly low near $7,300 There are two connecting bearish trend lines forming with resistance near $7,450 and $7,660 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading near key supports and it could correct higher towards $7,660 and $7,700. Bitcoin price is down around $1,000 this week against the US Dollar. BTC bears need to be…

Why Has Goldbug Peter Schiff Changed Stance on Cryptocurrency

boss

There are a number of known cryptocurrency and Bitcoin detractors so when one makes a bullish statement it is time to pay attention. Gold investor Peter Schiff is one that regularly argues up his own investments and down digital ones but maybe he is finally warming to crypto. A Plug For Libra? In a recent tweet the renowned gold investor stated a case for cryptocurrency over fiat. His arguments are usually anti-establishment but he has rarely sided with digital assets. According to Schiff there is a lot of room for…

ConsenSys Unveils Ethereum-Based Satellite Tracker

boss

Blockchain software technology company ConsenSys has unveiled Trusat, a satellite tracking application based on the Ethereum (ETH) network. According to the firm’s tweet posted on Oct. 22, Trusat aims to tackle the problem of space debris that could damage Earth’s space infrastructure. Tackling space debris with blockchain The initiative hopes that its app’s users will track satellites in the night sky and record their positions in order to help create a record. The application also indicates when and where to look for the highest priority marks. The company explained: “The…

Bitcoin And Crypto Market Nosedives: BCH, EOS, TRX, ADA Analysis

boss

The total crypto market cap is down more than 10% and it broke the $200.0B support area. Bitcoin price declined heavily and traded below the $7,500 support area. EOS price is down more than 8% and it traded close to the $2.500 support area. BCH price is still holding the main $200 support area, with positive signs. Tron (TRX) price is trading just below the $0.0145 support area. Cardano (ADA) price spiked below $0.0385 and traded close to the $0.0350 support area. Bitcoin and the crypto market cap are down…

Ripple (XRP) Price Rebounding After Sharp Drop To $0.2500 Support

boss

Ripple price declined heavily after it broke the key $0.2850 support area against the US dollar. The price tested the main $0.2500 support area and it is currently rebounding above $0.2650. There is a major bearish trend line forming with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken). There is showing signs of a strong recovery and it might rebound towards the $0.2850 resistance. Ripple price is correcting losses against the US Dollar and bitcoin. Recently, XRP price dived close to 10%, but…

Ethereum (ETH) Hits All Bearish Targets, Bitcoin Down 8%

boss

Ethereum price declined heavily below $170 and traded close to $150 against the US Dollar. Bitcoin price is down more than 8% and it even traded below the key $7,500 support. Yesterday’s highlighted bearish trend line is intact with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher and it could rebound towards the $165 resistance. Ethereum price nosedived and tested the $152 support area versus the US Dollar, while bitcoin dived 8%. ETH price could now correct higher in…

Coinbase Generated Nearly $2 Billion in Transaction Fees Since 2012

boss

At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012. On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of Coinbase, which, in part, is the reason why the company has remained profitable.  Coinbase has been profitable since 2017 and has generated close to $2 billion in transaction fees since the company launched back in…

Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns

boss

Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin. On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed questions covering a variety of topics from Libra to Facebook’s data policies and reaction to possible foreign influences on the platform.  Following the hearing, the committee’s chair, Maxine Waters, told Cointelegraph, “I don’t support Libra at all at this point.” Waters added: “And it’s not as if I support it if it does…

Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns

boss

Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin. On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed questions covering a variety of topics from Libra to Facebook’s data policies and reaction to possible foreign influences on the platform.  Following the hearing, the committee’s chair, Maxine Waters, told Cointelegraph, “I don’t support Libra at all at this point.” Waters added: “And it’s not as if I support it if it does…