Day: April 21, 2020

Eerie Bitcoin Wedge Fractal Sees Price Crashing to $5.3K; Here’s Why

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Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time. The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300. Positive fundamentals are holding bitcoin above key support levels for now. Bitcoin failed to sustain above $7,000 after the US oil futures plunged below zero for the first time that triggered a traditional bearish setup. The benchmark cryptocurrency fell 1.60 percent to hit a new intraday low at $6,785 on Coinbase exchange. The downside move appeared alongside a…

Eerie Bitcoin Wedge Fractal Sees Price Crashing to $5.3K; Here’s Why

boss

Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time. The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300. Positive fundamentals are holding bitcoin above key support levels for now. Bitcoin failed to sustain above $7,000 after the US oil futures plunged below zero for the first time that triggered a traditional bearish setup. The benchmark cryptocurrency fell 1.60 percent to hit a new intraday low at $6,785 on Coinbase exchange. The downside move appeared alongside a…

South Korean Social Gaming App Launches Blockchain-Based Platform

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The firm behind major South Korean social gaming app GameTalkTalk has rolled out a blockchain project for gamers. The new platform includes a reward-based social media DApp, a matchmaking peer-to-peer gaming platform and a digital item exchange. Vinetree Corporation, the company behind GameTalkTalk, announced the Ludena Protocol on April 20, saying that, in the second quarter of 2020, users worldwide will be able to receive the app’s internal digital assets — know as “stars” — for completing in-game missions and downloading new games. A native token and user data collection…

The Next Future of Digital Currency in New India: Everything you Should Know

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Cryptocurrency, one of the rapidly flourishing technologies in the world which is taking industries to the next level. This cutting-edge technology came into existence with the development of bitcoin. With the advancement of networks, it is quite simple to make this digital currency as world-known. People are now making use of internet connectivity for day-to-day purposes such as food ordering, making payments for shopping, etc. When it comes to blockchain development, it is mainly used for numerous industries to make transactions simple and in very less time. It would not…

Bitcoin Will Tumble to $6,000, Maybe Lower, If Bears Take Control Now

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Despite the tepid price action over the past two days, Bitcoin has been on a remarkable rally over the past five weeks. As this outlet reported recently, the cryptocurrency has done so well that as of Monday morning, BTC had printed five — yes, five — green weekly candles in a row for the first time since 2019’s small bull run, as analyst JofDom noted. The candles represent a rally of nearly 100%. This is a stunning rally that has had analysts wanting more upside. For instance, a trader published the…

OneCoin Investors Ask Judge Not to Scrap Suit While New Indictment Is Unsealed

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Legal proceedings surrounding the infamous OneCoin Ponzi scheme have seen a couple of updates, with the lead plaintiff for a $4 billion class-action urging the judge not to scrap the case after he missed two consecutive reporting deadlines. Federal prosecutors also unsealed an indictment from 2018 against OneCoin co-founder, Karl Greenwood. Plaintiffs request continuation of $4 billion class-action Levi & Korsinsky LLP, the law firm representing lead plaintiff Donald Berdeaux and plaintiff Christine Grablis, has responded to an order from U.S. District Judge Valerie Caproni to show cause for the…

Synthetix Is Already Tokenizing Real World Markets Through DeFi

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The Synthetix (SNX) project, one of the biggest ecosystems in decentralized finance (DeFi), recently launched the Hadar upgrade, which enabled tokenized real-world assets like Brent oil and the Nikkei stock index.  The launch, which occurred on March 31, went seemingly unnoticed by the community at large, but Framework Ventures’ co-founder Michael Anderson, a major Synthetix backer whom Cointelegraph interviewed, believes this news will have important consequences for the crypto world. What is Synthetix? Synthetix specializes in minting and creating synthetic tokens, or assets, a type of derivative that Cointelegraph previously…

Blockchain Association Weighs In on SEC Case Against Kik’s ICO

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The United States-based Blockchain Association has filed an amicus curiae brief in support of Canadian messenger Kik amid the firm’s legal battle with the Securities and Exchange Commission. The association addressed the April 17 brief to the court which is considering the case, asking it to deny the SEC’s motion for summary judgment and decide the case narrowly to avoid casting doubt on cryptocurrency projects that have yet to appear before the court. In March, the SEC requested summary judgment, claiming that it possessed “undisputed evidence” that Kik’s ICO distributed…