Day: April 10, 2020

Ripple (XRP) Signaling Bearish Breakdown But Can Bears Gain Control?

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Ripple is showing a few bearish signs below the $0.1980 resistance against the US Dollar. XRP price could start a strong decline if it breaks the $0.1900 support area. Ripple price is still struggling to gain momentum above the $0.2000 resistance against the US dollar. The bears were able to push the price below the key 100 hourly simple moving average. There was a break below a major contracting triangle with support near $0.1980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start…

Crypto Startup Enables Users to Earn Bitcoin (BTC) Rewards for Spending USD

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A new Visa-backed card offers users the prospect of earning rewards in the form of Bitcoin (BTC) instead of traditional reward points. The startup behind the app – Fold – has joined the Visa Fast Track Program to make such an arrangement possible, Fortune reports, April 9, 2020. Earn Bitcoin for Using Fold Payment Card In a bid to promote the use of cryptocurrencies among the mainstream, U.S.-based crypto startup Fold has introduced a new Visa card that enables users to receive 1 to 2 percent of payment made back…

Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next?

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After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470. Bitcoin’s drop comes after stocks have seen an extremely healthy week, with both the S&P 500 and the Dow Jones rallying hard as the coronavirus curve starts to flatten and despite record-level unemployment claims in the U.S.…

Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next?

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After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470. Bitcoin’s drop comes after stocks have seen an extremely healthy week, with both the S&P 500 and the Dow Jones rallying hard as the coronavirus curve starts to flatten and despite record-level unemployment claims in the U.S.…

Here’s Why Ethereum Could Dive Significantly Below 100 SMA

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Ethereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152. Ethereum is facing a strong resistance near the $172 and $175 levels. The 100 hourly simple moving average at $165 is likely to act as a strong support and breakdown zone. There is a crucial contracting triangle forming with resistance near $172 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair could either rally above…

The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange

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The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam The Bitcoin Fund Trading on TSX Exchange Canadian investment fund manager 3iq Corp. announced on Thursday that The Bitcoin Fund has completed…

The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange

boss

The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam The Bitcoin Fund Trading on TSX Exchange Canadian investment fund manager 3iq Corp. announced on Thursday that The Bitcoin Fund has completed…

Craigs Wright’s Lawyers Slam Court Order Based on ‘Personal Attacks’

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Lawyers for Satoshi claimant Craig Wright have strongly criticised a magistrate’s order as wrong in law and “based in significant part on personal attacks” against Wright and his Kenyan attorney. Wright‘s team was objecting to the Order on Discovery filed April 8 in the U.S. District Court in the Southern District of Florida, that requires him to produce a cache of 11,000 documents in a multi-billion lawsuit issued by the estate of his late business partner Dave Kleiman. They said the “order is clearly erroneous and contrary to law. It…