Ripple’s XRP sales fell dramatically in the last quarter of 2019 – at least partly due to change in how the company sells its store of the third-largest cryptocurrency by market capitalization, the company said Wednesday. XRP sales in Q4 dropped 75 percent from the $66.24 million sold in Q3 to just over $13 million, according to Ripple’s XRP Markets Report. The drop is at least partly attributable to a total suspension in programmatic sales, which accounted for $16.1 million the previous quarter. Over-the-counter (OTC) trades also dropped 74 percent…
Day: January 24, 2020
BlockFi Readjusts Interest Yield on Bitcoin (BTC), Ether (ETH) Deposits
On January 23, 2020, Winklevoss twins-backed digital currency platform BlockFi announced that it had revised its rate of interest paid on the yield it generates from lending Bitcoin (BTC) and Ether (ETH). The new rates will be effective from February 1, 2020. Reacting to Market Economics BlockFi, one of the leading cryptocurrency startups which has become the go-to platform for people with idle digital currency savings to earn extra income has decided to revise its offered interest rates. Per sources close to the matter, BlockFi’s new yields for those lending…
Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support
After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA) at $8,200. Earlier in the day John Bollinger, the creator of the popular Bollinger Bands indicator, tweeted that the recent pullback should not alarm investors. Bollinger said: “This is a ‘logical place’ for $btcusd to find support, a pullback to a breakout level and the middle BB.” Cryptocurrency market weekly overview. Source: Coin360 As mentioned in the previous analysis,…
Gift Bitcoin Cash for Chinese New Year With a Limited Edition Red Envelope Paper Wallet From Bitcoin.com
Giving red envelopes full of money to friends and family is a traditional way to celebrate the Lunar New Year in China and other Asian cultures. This year you can gift your loved ones bitcoin cash with a limited edition Red Envelope BCH paper wallet from Bitcoin.com. Also Read: Bitcoin Games Celebrates Lunar New Year 2020 With Introduction of Free Spins Say Happy Lunar New Year With Bitcoin Cash The Lunar New Year festivities will begin as a new moon appears on Saturday, 25th January 2020. To celebrate the holiday,…
A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands
Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880. Bitcoin started a strong corrective decrease from the $9,200 resistance area. The price broke the key $8,500 and $8,470 support levels to move further into a bearish zone. Yesterday’s highlighted key bearish trend line is active with resistance near $8,470 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to extend its decline…
Rocketpot.io – Multiply Bitcoin with Three Progressive Jackpots
Popular Bitcoin gambling platform Rocketpot is one of the only crash games to offer progressive jackpots. Jackpots are triggered during any game round when the curve hits certain levels. Along with these jackpots, players also have the chance to multiply their bet on each round. Rocketpot is unique among crash games in offering several ways of winning bitcoin. Crash Games Rules Most Bitcoin crash games use similar core rules, and Rocketpot is no exception in this regard. Each round consists of a graph and a multiplier that increase at an…
Ripple (XRP) Is Plunging And Here’s Why It Could Retest $0.20
Ripple extended its decline and broke the key $0.2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0.2050 or $0.2000. Ripple price is gaining bearish momentum and it is now well below $0.2300 against the US dollar. The price is trading near the $0.2200 support and it is likely to extend its decline. This week’s major bearish trend line is still active with resistance near $0.2295 on the hourly chart of the XRP/USD pair (data source from…
BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits
BlockFi, one of the first lending startups in the cryptocurrency markets, recently announced Thursday it would make changes to the interest paid based on the yield it generates from lending bitcoin (BTC) and ether (ETH). The changes begin Feb. 1. Rates for litecoin (LTC) and Gemini dollar (GUSD) will remain unchanged, according to BlockFi. In an email to CoinDesk, CEO of Blockfi, Zac Prince said the crypto market is starting to “position more bullish”, which brings yields for lending bitcoin (and ether) down. “As market conditions change, particularly price sentiment,…
Ethereum Just Broke $160 And It’s Vulnerable to a Larger Decline Below $155K
Ethereum price is declining and it recently broke the $160 support, similar to bitcoin. ETH price is likely to continue lower below the $158 and $155 support levels in the near term. Ether price is showing a few bearish signs below the $162 level against the US Dollar. The bears seem to be in control and they are likely to aim a larger decline below $155. This week’s key bearish trend line is in place with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin…
Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm
If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange has launched a captive insurance company, Nakamoto Ltd., to insure its Gemini Custody business for up to $200 million — reportedly the largest amount for any crypto custody service in the world. This new insurer will help Gemini’s institutional clients to meet their regulatory requirements, Gemini’s head of risk, Yusuf Hussain, explained to Cointelegraph in a Jan.…