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Day: April 14, 2020
How Zero Interest Rates in the US Will Impact Stablecoin Adoption
We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. Although we’ve seen some relief in certain parts of the world, the pandemic is far from over, and there is a tangible fear of a possible global recession. While several easing measures have been adopted by the world’s banks to contain the worst of the economic damage, the pandemic has created a perfect environment for…
Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are starting to feel like the covid-19 pandemic is dwindling down in numbers. Also read: Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout The Crypto Market’s Ups and Downs 24 hours ago, crypto markets looked bullish…
Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are starting to feel like the covid-19 pandemic is dwindling down in numbers. Also read: Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout The Crypto Market’s Ups and Downs 24 hours ago, crypto markets looked bullish…
Mining An Iceberg Till It's BELOW Sea Level
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Chart Pattern Resurfaces That Saw Bitcoin Plunge From $10K to $3.6K
The Bitcoin (BTC) price remains vulnerable to a pullback after ranging between $6,900 and $6,500 for the past four days. Traders say that the pattern that caused BTC to plunge from $10,500 to $3,600 is playing out again. In the immediate-term, technical analysts foresee a retest of $7,200 after bullish divergences at lower times frames have indicated a relief rally to take place. Bitcoin fractal suggests a severe correction, but not in the magnitude as early February In mid-February, the Bitcoin price started to pull back when it hit $10,500…
Wirex Payments Platform Hits 3 Million Users, Becomes Profitable
London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers. Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) which allows crypto users to spend their crypto and fiat currencies using a dedicated Visa card and mobile app. The service has been rolled out in 130 countries, with the card accepted at over 46 million locations. Speaking to Cointelegraph on April 14, Wirex CEO Pavel Matveev said that more and more…
Last Time Bitcoin Broke This Level, It Soared 40%. We’re Testing It Again
Bitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March. Bitcoin Remains Below Key Technical Level According to a popular crypto trader, Bitcoin was recently rejected from the middle Bollinger Band (likely the 20-period simple moving average) on the three-day chart, which is notable in that the…
Last Time Bitcoin Broke This Level, It Soared 40%. We’re Testing It Again
Bitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March. Bitcoin Remains Below Key Technical Level According to a popular crypto trader, Bitcoin was recently rejected from the middle Bollinger Band (likely the 20-period simple moving average) on the three-day chart, which is notable in that the…
Dapper Labs Announces Tech-Sharing Partnership With Libra
Dapper Labs, the team behind CryptoKitties and the Flow Blockchain, has revealed a partnership with Facebook’s Libra stablecoin project to share proprietary technology. Speaking to Cointelegraph, Dapper Labs’ CTO Dieter Shirley revealed that Dapper’s Flow blockchain will adopt Libra’s Move as it’s virtual machine (VM), while Libra will utilize Dapper’s smart contract programming language Cadence in a technology-sharing partnership. Shirley stated that Flow will benefit from Move’s performance efficiency, while Libra benefiting from Cadence’s developer-friendly design. Both teams found inspiration in linear type theory Dapper Labs had been developing Cadence…