Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction. Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar. The bulls seem to be losing control, but there are still many supports near $9,260 and $9,150. This week’s crucial bullish trend line was breached with support near $9,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). There could be…
Month: January 2020
Ripple (XRP) Gearing For Lift-Off to $0.30: Bulls Are Not Done Yet
Ripple is slowly rising and it recently climbed above the $0.2400 resistance against the US Dollar. XRP price remains in a steady uptrend and it is likely to continue higher towards $0.3000. Ripple price is trading in an uptrend above $0.2200 and it is likely to hit $0.3000 against the US dollar. The bulls managed to push the price above the $0.2400 resistance area. There is a connecting bullish trend line forming with support near $0.2405 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
Ethereum Smashes $180 To Open Doors For $200: Key Levels To Watch
Ethereum price surged more than 5% and broke the key $180 resistance area against the US Dollar. ETH traded as high as $187 and it is currently correcting gains. Ethereum is showing a lot of positive signs and it recently climbed above $180 against the US Dollar. The price remained well bid above the $170 support and the 100 hourly simple moving average. There is a new bullish trend line forming with support near $182 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is still facing…
Trustverse Token Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV
The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.com’s premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens. Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange Bitcoin.com Exchange Lists Trustverse Token Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/BCH) on January 28, 2020. This AI-powered blockchain-based platform strives to create an “invest and…
Trustverse Token Is Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV
The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.com’s premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens. Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange Bitcoin.com Exchange Lists Trustverse Token Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/BCH) on January 28, 2020. This AI-powered blockchain-based platform strives to create an “invest and…
Five of the Most Expensive NFTs Sold in 2019
The nonfungible token market is one of the most exciting spaces in crypto right now. Significant investments are being made on nonfungible tokens as people diversify their decentralized portfolios in the hope that this promising market continues to grow. As we begin 2020, let’s take a look at five of the most expensive NFTs sold last year. 5. Gods Unchained — Atlas ID #8840817 Price: 210 ETH (approximately $31,500) Date: Dec. 5, 2019 Gods Unchained is a competitive card game on the Ethereum blockchain and is similar to the popular…
Bitfinex Adds Margin Trading on Tether Gold With Pairs of Up to 5x Leverage
Bitfinex, the world’s seventh-largest bitcoin exchange by trade volume, has launched margin trading for Tether Gold (XAU₮), enabling traders to execute more advanced strategies on the yellow metal in a digital form. As of Jan 30, 12:00 UTC, traders are now able to execute on margin using Tether Gold against pairings such as tether’s native stablecoin (USDT), bitcoin (BTC) and the U.S. dollar (USD). These pairs can now be traded with initial equity of as low as 20 percent, giving traders a maximum of up to 5 times leverage, according…
Silk Road Operator Pleads Guilty to 1 Charge of Conspiracy
Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and advisor to founder Ross Ulbricht, pleaded guilty to “conspiring to distribute massive quantities of narcotics,” prosecutors announced Thursday. The U.S. Attorney’s Office for the Southern District of New York said in a press release that Clark, who was known online as “Plural of Mongoose,” “Variety Jones,” “VJ” and “cimon,” pleaded guilty to one count of conspiracy, and will be sentenced on May 29. Silk Road is most famous for being a darknet marketplace where users could purchase…
The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter
The National Bank of Cambodia’s new digital currency is called Bakong. It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational within the present fiscal quarter. Serey described Bakong as “the national payment gateway for Cambodia.” Bakong will play a central role in bringing all players in the payment space in Cambodia under the same platform, making it easy for end-users to pay each other regardless…
Bitcoin Isn’t a Main Focus in Finance Anymore, Theismann Says
Former NFL player Joe Theismann thinks Bitcoin has drifted to the back burner, out of the public’s microscope. “It’s sort of been pushed way on the back shelf,” Theismann told Bloomberg in a Jan. 30 podcast interview. “I’m not saying that there isn’t a possibility for it to rise again at some point, but I think that has run its course to a degree,” he added, noting his brief past participation in the industry. Financial interest In the podcast episode with Bloomberg, Theismann spoke on multiple topics, including stocks and…