Day: October 27, 2019

Bitcoin (BTC) Price Weekly Forecast: Is This Real Bullish Break?

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There was a strong rise in bitcoin price from above $8,000 and $9,000 against the US Dollar. The price even spiked above the $10,000 resistance, but it failed to hold gains and declined. There is a short term bullish trend line forming with support near $9,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could bounce back as long as it is trading above the $8,600 and $8,500 support levels. Bitcoin price is trimming gains after a sharp rally against the US Dollar. BTC…

30% Weekly Gain Driven by Bitcoin Rally – Next Stop $225?

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On Oct. 25 Bitcoin (BTC) unexpectedly gained 42%, one of the largest daily gains witnessed since 2011. A number of altcoins benefitted from this startling upside move and Ether (ETH) rallied 24.23% alongside Bitcon.  Daily crypto market data daily view. Source: Coin360 This week also saw a deluge of positive news from decentralized finance (DeFi) companies which are expanding, increasing interest payments, and reducing loan interest rates on many of the crypto-based products and services they offer.  A few of the major DeFi-related announcements this week were:  – Dharma relaunched…

Crypto and Blockchain News From German-Speaking World: Oct. 20-26

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The German-speaking world has seen an array of crypto and blockchain-related developments over the past week, with the Federal Ministry of Finance concluding that cryptocurrencies are hardly involved in money laundering and terrorist financing (TF), Bitwala integrating a feature for automatically generating cryptocurrency tax reports, and  the Graz startup Lab10 Collective developing a more energy-efficient blockchain. Below is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Risk analysis by the Federal Ministry of Finance: Crypto is hardly involved in money laundering…

China All in on Digital Currency, What Does it Mean for Dollar & XRP?

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China’s rapid embrace of blockchain, more precisely its Yuan backed crypto is huge news in circles such as congress, finance and the Whitehouse itself. First off we start with China’s new law aimed at developing blockchains increasing role as a replacement for Fiat currency active 1st Jan 2020. According to the Chinese congress, the new law will also encourage nationwide educational efforts, such as public exhibitions, to promote cryptography among government officials, companies and social groups. China’s national congress said the new law will encourage research and development on commercial…