Day: September 21, 2020

Crypterium Brings Its Global Bitcoin Card to Apple Pay

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Crypterium сard holders can add their cards to Apple Pay and immediately access all of the benefits it provides. It is expected that Crypterium users will be able to add up to 5 cards per user in the future. For years, some people have claimed how cryptocurrencies will replace traditional finance. In recent times, it has become apparent that collaboration between both industries will be crucial. Crypterium has a partnership with Visa, and is now looking to do the same with Apple Pay. Crypterium Raises the Bar Positioning itself as…

Ripple (XRP) Price Indicators Show Vulnerability To A Sharp Decline

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Ripple is facing an uphill task near the $0.2500 resistance against the US Dollar. XRP price could nosedive if it struggles to clear the main $0.2500 barrier. Ripple is currently consolidating above the $0.2425 and $0.2380 levels against the US dollar. The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $0.2505 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily below the $0.2425…

Ethereum Above This Confluence Resistance Could Start Strong Increase

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Ethereum corrected lower below the $380 level, but it found support near $365 against the US Dollar. ETH price is currently rising, but it must surpass the key $380 zone for a strong upward move. Ethereum is currently recovering from $365 and trading above the $372 level. The price is facing a strong resistance near the $380 zone and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $380 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely…

Bitcoin Topside Bias Vulnerable If it Closes Below One Crucial Level

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Bitcoin price retested the $10,750 support and recently corrected higher against the US Dollar. BTC must stay above $10,750 to start a fresh increase in the near term. Bitcoin is struggling to gains momentum above the $11,000 and $11,000 resistance levels. The price is currently trading well above the $10,750 support and testing the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $10,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could nosedive if…

Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin

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Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide. The Norwegian state-owned multinational energy company Equinor (NYSE: EQNR) has recently announced joining the crypto economy, as the firm has partnered with Crusoe Energy Solutions to mine bitcoin. Equinor is a well known, publicly listed firm that is headquartered…

Bitcoin’s Weekly Candle Just Closed—And We’re In the “Middle of Nowhere”

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Just an hour ago, Bitcoin’s weekly candle closed after an eventual week in which the leading cryptocurrency surged from lows near $10,000 to a local high at $11,150. The coin now trades at $10,950 as of this article’s writing, slightly above the ~$10,850 weekly close. The cryptocurrency, while above the pivotal $10,000 technical and psychological support level, is purportedly still in the middle of nowhere on a macro time frame. Bitcoin will need to move above local range highs or lows to confirm a trend. Related Reading: Ethereum Transaction Fees…

Uniswap’s UNI Token Shows Signs of Weakness as Analysts Target $4.80

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Uniswap’s token (UNI) has seen immense volatility throughout the past few days and weeks, with aggressive buying pressure following its launch pushing it up towards $8.50 before witnessing a massive inflow of selling pressure. This selling pressure has caused its price to collapse below $5.00, although it is still trading up significantly from its recent lows of $1.00 that were set just after its introduction to the market. Analysts are now noting that a combination of increased selling pressure and positive funding rates for UNI perpetual swaps indicates that downside…

Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

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Historical data shows that some miners began to sell Bitcoin (BTC) at the end of July, leading to increased selling pressure in the cryptocurrency market. Eventually, the dominant cryptocurrency fell steeply from mid-August, recording a 13% fall and since then BTC has struggled to retake the $12K mark. Bitcoin selling by miners from 2017-2020. Source: CryptoQuant According to CryptoQuant CEO Ki Young Ju, continued selling by miners might not be enough to prevent a bull run. On-chain data analysis firms closely observe the movements of miners and whales because they…

Over 40 Bitcoin Forks Are Down More Than 98% Since 2017’s Forking Fiesta

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Since the summer of 2017, more than 44 forks of the Bitcoin network were created and so far many of them have lost considerable value and are near worthless. To-date only a few of the forks that stem from Satoshi’s creation have remained relevant during the last three years. There are three branches of Satoshi Nakamoto’s codebase that have commanded top positions within the top fifteen coins in the crypto coin market economy. Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoinsv (BSV) have all been top contenders for quite some time.…