Total crypto market cap erased $1.6 billion of its value since Monday morning and now stands at $236.1 billion. Top ten coins are all in red for the last 24 hours with Bitcoin SV (BSV) and Binance Coin (BNB) loosing 12.4 and 5.4 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,502 on the Bitstamp daily chart, while ether (ETH) stands at $162 and Ripple’s XRP hovers around $0.228. BTC/USD Bitcoin lost 4 percent of its value in just 1 hour of trading on Sunday, January…
Day: January 23, 2020
Meet the Crypto Angel Investor Running for Congress in Nevada
“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, one of nine people currently competing in the June 9 Republican primary to see who will face off against the incumbent, Rep. Steven Horsford, a Democrat, in the general election in November. Were she to…
Peter Schiff Bungled Wallet Password, Solving ‘Bitcoin Mystery’
Famous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet for the password. In a tweet on Jan. 22, Schiff explained that he knows the pin of his wallet, but after the app was updated, he was logged out and he could not access his funds anymore. He also admitted that he never wrote down his seed phrase: “My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated…
Crypto Asset Firm Amun Launches Inverse Bitcoin ETP
Digital asset issuer Amun is launching a new financial product, this one for traders who predict bitcoin’s price will drop. Announced Thursday, Switzerland-based Amun has launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX), an exchange traded product tracking bitcoin’s price movements inversely. If bitcoin’s price climbs, traders lose. If it falls, they win. “If you’ve ever tried trading options or futures, you’ll see that it’s pretty difficult,” Amun CEO Hany Rashwan said in a phone interview. “It’s not the easiest thing which is why it’s…
Group of Central Banks Assesses Developing Central Bank Digital Currencies
Thhe Bank of England released an official notice on January 21st, stating that a group of central banks will assess the possibility of launching central bank digital currencies. The coalition of banks involved in the new cryptocurrency project will include the Bank of Canada, the Bank of England, the Bank of Japan, European Central Bank, Sveriges Risbank of Sweden, the Swiss National Bank and the Bank for International Settlements. The group of banks will look into establishing a proper assessment of all areas for a central bank digital currency (CBDC)…
Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check
Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true. Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400s Data from Coin360 and Cointelegraph Markets showed BTC/USD reach lows of $8,480 overnight on Wednesday. At press time, Bitcoin hovered at around $8,505. The former level matches two other brief lows seen this week, and represents the bottom of a range the pair has traded in since Jan. 14. Bitcoin 7-day price chart. Source: Coin360 Over that…
Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Sharp Decline
Bitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either rally above $8,800 or decline heavily below $8,470 in the coming sessions. Bitcoin is showing a few bearish signs after it was rejected near $8,800. The price is currently sliding and it is approaching the key $8,560 and $8,470 support levels. There is a major bearish trend line forming with resistance near $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either start a…
Ripple (XRP) Just Rejected $0.24, And It’s Vulnerable To A Fresh Decline
Ripple failed to surpass the $0.2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0.2300 and $0.2240. Ripple price is clearly struggling to gain strength above $0.2400 and $0.2420 against the US dollar. The price is facing an increase in selling pressure below the $0.2340 level. This week’s followed key bearish trend line is protecting upsides with resistance near $0.2350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
Ripple (XRP) Just Rejected $0.24, And It’s Vulnerable To A Fresh Decline
Ripple failed to surpass the $0.2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0.2300 and $0.2240. Ripple price is clearly struggling to gain strength above $0.2400 and $0.2420 against the US dollar. The price is facing an increase in selling pressure below the $0.2340 level. This week’s followed key bearish trend line is protecting upsides with resistance near $0.2350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
Law Firm Representing Quadriga’s Ex-Users Want Info About ‘Shadow Bank’ Crypto Capital
Miller Thomson, the court-appointed legal counsel for former users of the QuadrigaCX cryptocurrency exchange, is asking for help identifying any records related to Crypto Capital, which may be holding some of the exchange’s funds. In a letter emailed to the exchange’s former customers and posted to its website, Miller Thomson wrote that Crypto Capital Corp., a “shadow bank” registered in Panama, “may have been a payment processor” for the exchange and is asking any customers who have emails or other documents which might be related to Crypto Capital to forward…