Day: March 8, 2020

Tamil Guide: Cryptocurrency Meaning and How to Buy Bitcoin in India — Interview With Giottus

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After the supreme court verdict striking down the RBI ban, more people in India are interested in cryptocurrencies. News.Bitcoin.com interviewed Arjun Vijay, COO of crypto exchange Giottus, about the basics of cryptocurrencies in Tamil, focusing on the largest cryptocurrency — bitcoin. We discussed what bitcoin is, how it works, how to purchase bitcoin in India, the recent supreme court verdict, and whether cryptocurrencies are legal in India. Vijay has provided all the answers to the cryptocurrency questions in Tamil as well as English. Also read: Bitcoin Legal in India –…

Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

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If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other countries. Despite the progress, however, cash remains the only option for many Nigerians to buy cryptocurrency. New services are aiming to satisfy that demand. Also read: Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria…

Central Banks Are Exploring Blockchain — but For Their Own Reasons

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Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of the Bank of England, when addressing members of the United Kingdom Parliament at a Treasury Select Committee hearing on March 4. He stated: “If you want to buy Bitcoin, be prepared to lose all your money… [Bitcoin] has no intrinsic value.” Despite this, seemingly convoluted efforts to “appropriate” the technology like the launch of the…

Bitcoin Just Reversed and $8,400 Is Imminent, Here’s Why

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Bitcoin failed to continue above the $9,200 resistance and it is down more than 4% against the US Dollar. BTC is now trading in a bearish zone and it could slide further below $8,700. After forming a short term top near $9,211, bitcoin price declined sharply below $8,880. The price is now trading well below $9,000 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $9,122 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is…

Bitcoin Just Reversed and $8,400 Is Imminent, Here’s Why

boss

Bitcoin failed to continue above the $9,200 resistance and it is down more than 4% against the US Dollar. BTC is now trading in a bearish zone and it could slide further below $8,700. After forming a short term top near $9,211, bitcoin price declined sharply below $8,880. The price is now trading well below $9,000 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $9,122 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is…

Ethereum Trading Near Crucial Juncture, Can Bulls Save The Day?

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Ethereum failed to continue higher above the $252 resistance and declined against the US Dollar, similar to bitcoin. However, ETH price is now trading near a key uptrend support. ETH price is down 5% and it is now trading below the $235 level against the US Dollar. The price struggled to gain strength above $250 and declined heavily. There is a key bullish trend line forming with support near $229 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either bounce back above $235 or it…

This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000

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Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning. Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that BTC could soon hit $10,600 — two analyses from two prominent cryptocurrency traders show that Bitcoin will likely return to $8,400 in the coming weeks. Bitcoin Likely to Return to $8,400, 2 Analyses Show Prominent cryptocurrency trader Hsaka recently…

Analyst 4 Reasons Why Bitcoin Is Looking Extremely Bullish at $9,000

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Despite the slight recovery seen over the past few days, analysts still fear that Bitcoin is on a trajectory that will see its price correct even further than it already has. In fact, Related Reading: Crypto Tidbits: India Makes Watershed Ruling On Bitcoin, Elon Musk Bumps Dogecoin, Ethereum Founder Supports Twitter CEO Some, however, aren’t so concerned. One persistent bull is a trader fittingly going by, uh, “CryptoBull.” The commentator on Saturday shared four reasons why he remains bullish on Bitcoin’s medium-term to long-term price outlook, seemingly trying to assuage…