May 8, 2020

Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes

May 8, 2020 boss

Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is looking to double its bitcoin-capable supermarket locations. The doubling would happen “within a year,” President of Product Michael Jack told CoinDesk. He said Coinme bitcoin ATM growth “both on a per location and overall basis, has been very strong.” The company already has plans to roll out new machines, though he did not specify how soon this would happen. The deliberations come as Coinme lays claim to a veritable accomplishment of the COVID-19 era: It’s bringing in new…

Former UFC Champion ‘Can’t Sit On Sidelines Any Longer’ — Buys Bitcoin

May 8, 2020 boss

American mixed martial artist and former UFC lightweight champion, Eddie Alvarez, has bought one Bitcoin (BTC). In a tweet, May 7, he claimed he “can’t sit on the sidelines any longer.” Peer pressure works Alvarez credits fellow former MMA champion and renowned Bitcoin bull, Ben Askren, for convincing him to take the plunge, saying: “You got me !!! I still have no clue what it’s all about but I’m in … you might have to coach me they this.” Askren is such a big BTC fan that he has even…

This Bitcoin Halving Is Different, Crypto Valley Experts Agree

May 8, 2020 boss

With the Bitcoin halving just four days away, CV Lab, an incubator and co-working space for blockchain companies, along with Cointelegraph, invited a group of eight experts from Switzerland Crypto Valley for a live panel discussion held on May 7. The Crypto Valley experts came to a consensus that this Bitcoin block reward halving would be different from the previous two, regardless of which direction the price of Bitcoin (BTC) goes. Shifting focus on Bitcoin’s value proposition The experts agreed that the macroeconomics’ environment is changing. More and more people…

3 Reasons Some Top Traders Expect Bitcoin Price to Hit $15K in Q3 2020

May 8, 2020 boss

The Bitcoin (BTC) price surpassed $10,000 on Thursday, completing a V-shape recovery from its fall to $3,600 back in March. Traders believe that the rally is just beginning for the top-ranked cryptocurrency by market capitalization as a confluence of positive factors is fueling the uptrend. Purely based on technicals, analysts anticipate the Bitcoin price to rise as high as $15,000 by the third quarter of 2020. Historically, $10,000 acted as a psychological level for BTC price. A clean breakout of such an important price level in a short period of…

Ripple (XRP) Trading Near Make-or-Break Levels: Can Bulls Save the Day?

May 8, 2020 boss

Ripple is trading in a broad range above the $0.2100 support against the US Dollar. XRP declined below a key support versus bitcoin and it is now at a risk of a sharp decline vs USD. Ripple is facing hurdles near the $0.2200 and $0.2220 resistance levels against the US dollar. It seems like the price is preparing for a major break either above $0.2250 or below $0.2100. There is a short term rising channel forming with support near $0.2160 on the hourly chart of the XRP/USD pair (data source…

Telegram Agrees to Hand Over Trove of ICO Documents to SEC

May 8, 2020 boss

Telegram has filed an order of consent agreeing to provide a trove of communications and documentation requested by the United States Securities and Exchange Commission (SEC) on May 7. The communications concern the distribution of Telegram’s Gram tokens and purchase agreements relating to its 2018 initial coin offering (ICO). Telegram’s consent comes amid the Free Telegram Open Network (TON) community’s decision to launch a version of the TON blockchain via a ‘fork’. The SEC halted Telegram’s offering in October 2019 for conducting an unlicensed offering of securities. After six months…

Ethereum Holds Strong Above $200, Can ETH Follow Bitcoin’s Rise

May 8, 2020 boss

Ethereum is up around 2% and it broke the key $210 resistance against the US Dollar. ETH price is showing positive signs and it could rise further, similar to bitcoin. Ethereum is slowly moving into a bullish zone above the $210 pivot level. The price traded towards the $218 level and it is currently correcting gains. There was a break above a key bearish trend line with resistance near $207 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to remain well bid above $208…