Day: November 21, 2019

Bitcoin Price & Technical Analysis: BTC Decline Won’t Stop

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis The Bitcoin miners become fewer The BTC cannot replace the dollar — Lane On W1, the Bitcoin is developing another impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth, balancing the price. It might be that we will not see any new impulse of growth until the minimum is renewed. The bearish behavior of the price is aimed at 61.8% ($7230.00) and 76.0% (5700.00) Fibo. However, the main aim of…

Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

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Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version of Ultra’s EOS sidechain, dubbed UOS. As such, the company will help maintain the network and approve transactions on it during the trial period. Alignment of interests Transactions on the network will include in-game asset creation, ownership transfers between players and payments. Per the release, Ultra chose Ubisoft as a block…

Biggest Bull Is Preparing for Bitcoin to Skyrocket Despite Recent Crash

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Bitcoin’s price action has been bearish as of late. Nevertheless, the biggest bull in Crypto Twitter sees a reversal in the horizon. Other traders do not share an optimistic outlook and bet on a bitcoin plummet to $6,000 levels. To say that crypto enthusiasts have turned bearish on bitcoin would be an understatement. The number one cryptocurrency is now trading below $8,000. The chart looks ugly and it gives very little reason to be bullish. A full-time trader illustrating why it bitcoin is bearish right now. | Source: Twitter The…

Bitcoin Mining Firm Canaan Manages to Raise $90M via IPO

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As previously reported by CoinSpeaker, China’s Bitcoin mining giant Canaan Creative conducted its IPO with its shares going public on the Nasdaq platform on Wednesday, November 20. Well, things have certainly not gone the way Canaan thought and it looks like the decision to go public was all done in haste. In its filing to the United States Securities and Exchange Commission (SEC) Canaan marketed its shares for $9 to $11, as per the Bloomberg report. Previously, Canaan planned to raise around $400 million from its public listing but it…

Crypto Analysis Firm Elliptic Discovers $400M of Illicit Ripple Transactions

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Elliptic, a blockchain analysis provider based in London, has announced that it will support the Ripple (XRP)trade digital currency to monitor electronic transactions. According to a research conducted by Elliptic that was also released this week, an estimation of about $400 million of XRP tokens are tied to illegal transactions. The risk management system provider for digital currencies, Elliptic, has taken over screening XRP cryptocurrency transactions globally to observe any potentially illicit activities via the virtual coin. The platform states that by value, it now supports over 85% of all…

Larger Bearish Sentiment Sees Bitcoin Tumbling to Lower Handle

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At the time of writing, Bitcoin is trading at $ 7,911.80, the lowest level since the end of October, and the decline is down, the price is likewise down despite positive news. In the interview recently, PayPal CEO Dan Schulman admitted owning Bitcoin. Besides, financial giant Fidelity recently acquired a license from the NYSDFS regulator. From now on, Fidelity will be able to offer cryptocurrency trading and custody services to high-end New York customers. According to several recent forecasts made on Crypto Twitter, the price of Bitcoin should start to…

Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

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Bitcoin price is diving and it recently broke the $8,000 support area against the US Dollar. The price is under a lot of pressure and recently traded to a new monthly low at $7,828. Morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The next key target for the bears could be $7,400 (as discussed in the recent medium term outlook). Bitcoin price is gaining bearish momentum below $8,000 against the US Dollar. More importantly, there is…

Ray Dalio’s ‘New World Monetary Order’ is a Massive Bitcoin Endorsement

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Ray Dalio suggests the current economic climate will lead to a ‘new world order’ similar to post WWII. The next recession will cause national leaders to come together to solve a new world crisis. Dalio is an outspoken crypto skeptic but could he be a secret Bitcoin hodler? Billionaire hedge fund guru Ray Dalio is in China speaking at Bloomberg’s New Economy Forum. Despite being an outspoken critic of cryptocurrency, his latest economic musings sound like a massive endorsement for Bitcoin. The Beijing conference sees Dalio, along with other business…