Day: March 23, 2020

Silvergate Bank Clients Experience Money Transfer Issues from Fedwire

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A cryptocurrency-friendly firm is having problems receiving money transfers. According to sources available to Cointelegraph, clients at Silvergate Bank have been experiencing issues with certain types of wire transfers since Friday. The firm has stated an outage by their payment processor, Fedwire, is responsible for the drop in service.  CEO Alan Lane confirmed the bank has been having trouble processing payments from some clients, but stated this did not affect users who already had money with Silvergate. “Our trading partners send us money on Friday so they have funds on…

Bitcoin Just Reversed and Its Vulnerable To A Drop Towards $5,200

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Bitcoin is down more than 5% and it broke the $6,000 support against the US Dollar. BTC price is now showing bearish signs and it could continue to move down. Bitcoin started a fresh decline after it failed to clear the $6,500 resistance against the US Dollar. The price is now trading below the $6,200 and $6,000 support levels. There is a key contracting triangle forming with support near $5,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either decline sharply below $5,750…

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

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Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What does “digital gold” have that its liquid counterpart does not? Also read: Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights Oil Keeps on Slipping The oil market has been buffeted by three calamities that have…

Ripple (XRP) Is Plunging, But It’s Too Early to Say Bulls Have Given Up

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Ripple is down more than 5% and it broke the $0.1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0.1450 and $0.1420 support levels. Ripple price started a fresh decline from the $0.1620 resistance area against the US dollar. The bears were able to push the price below the $0.1550 and $0.1500 support levels. There is a key bearish trend line forming with resistance near $0.1540 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely…

Ripple (XRP) Is Plunging, But It’s Too Early to Say Bulls Have Given Up

boss

Ripple is down more than 5% and it broke the $0.1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0.1450 and $0.1420 support levels. Ripple price started a fresh decline from the $0.1620 resistance area against the US dollar. The bears were able to push the price below the $0.1550 and $0.1500 support levels. There is a key bearish trend line forming with resistance near $0.1540 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely…

Baidu and Google Trends See Increased Interest in Purchasing Bitcoin

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Don’t worry — this time there’s news coming out of China that isn’t connected to the coronavirus outbreak. With so many people around the world working from home, social distancing, and self-quarantining after possible exposure to COVID-19, online searches surrounding cryptocurrencies have gotten a bump. According to a report available to Cointelegraph, the Chinese search engine Baidu has seen a considerable jump in searches for “Bitcoin” (BTC). The data index shows searches for BTC increased by 183% over the past thirty days, while the number of those looking for information…

Ethereum Turns ‘Sell’ After This Key Technical Breakdown

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Ethereum failed to continue above the $138 and $140 resistance levels against the US Dollar. As a result, ETH price declined below $130 and it is now trading in a bearish zone. Ethereum is down more than 8% and it broke the $128 support against the US Dollar. There was a key breakdown noted after the price was rejected near the $140 area. There is a connecting bearish trend line forming with resistance near $129 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also down…

DHS Names Blockchain Managers” Among “Critical Infrastructure” Workers

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A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the intensifying coronavirus lockdown. Blockchain named alongside healthcare and pharma as “critical infrastructure industries” The document names blockchain managers alongside healthcare, pharmaceuticals, and food supply as “critical infrastructure industries.” The inclusion of blockchain managers on CISA’s…

DHS Names Blockchain Managers” Among “Critical Infrastructure” Workers

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A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the intensifying coronavirus lockdown. Blockchain named alongside healthcare and pharma as “critical infrastructure industries” The document names blockchain managers alongside healthcare, pharmaceuticals, and food supply as “critical infrastructure industries.” The inclusion of blockchain managers on CISA’s…

Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows

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As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis. Crypto market daily performance. Source: Coin360 As traditional markets gear up for another week of turbulent trading, volatility is expected to return to the crypto market as well. However, with rumours of U.S. stock trading halting completely, it’s hard to say how the crypto market will behave…