At the beginning of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and whether it was now over. But soon, the fears were washed away as large companies registered on Nasdaq expressed clear interest in mining Bitcoin (BTC) for additional earnings. It has been said more than once that this year’s sharp rise in mining is directly related to the significant increase in cryptocurrency prices. During the summer, Bitcoin could be bought at just above $10,000; now, it’s priced at well over double…
Day: December 25, 2020
Cryptocurrency Market Overview (EN) | 20.11.2020 by @cryptospa
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, dear YouTubers! Today I analyzed the price chart of HIVE (HIVE/USD), by using Technical and Candlestick analysis on different timeframes. In addition, I outlined some interesting candlestick formations and technical patterns. Enjoy watching the very long video and, please, comment! — *A few words about me: Just to let you know: I’ve been working professionally as a currency analyst for the last 14 years, and as a cryptocurrency analyst for the last 3 years. — **Important! Keep in mind, that thoughts…
Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to Do It’
Just recently, the film producer and well known Youtuber, Naomi Brockwell, sat down with Edward Snowden and the two discussed a number of subjects including privacy and bitcoin. When Snowden talked about bitcoin, he delved into the protocol’s lack of progressive scaling and privacy. The famous whistleblower said that the biggest question he has is why are developers taking so long to resolve the issues cryptocurrencies have today. The whistleblower and former NSA and CIA contractor, Edward Snowden is well known for his stance toward privacy and freedoms. Snowden recently…
Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K
Livecoin, a lesser-known Russian cryptocurrency exchange, has abruptly halted operations in the aftermath of an alleged hacker attack on Christmas day. According to Livecoin’s main page, the exchange has suffered a “carefully planned attack” causing the platform to lose control of all of its servers, backend and nodes. The exchange urged its customers to stop using its services including deposits, trading and API. “We were not able to stop our service in time. Our news channels were compromised as well. At the moment, we partially control frontend, and so we’re…
Bitcoin Sets New All-Time High of $24,667.63, Giving HODLers an Xmas Gift
Bitcoin cut through $24,500 on Christmas Day, setting a new record high as the leading cryptocurrency’s ongoing rally continues the holiday season. Read more: Over $20K? Why Is Bitcoin Worth Anything at All? Original
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Japan to Launch Feasibility Study into CBDC
A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study. Japan is set to launch a study into the feasibility of a digital currency (CBDC) for use in both the private and public sector similar to Facebook‘s Diem. This move emulates China and a few other countries who have done the same recently. Digital currency, issued by central banks and called Central Bank Digital Currency enables users to make cashless payments. CBDC…
Bitcoin + Alts | Technical Analysis (November 23rd, 2020)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video reviews the bitcoin market and discusses the most recent bitcoin trading action. Using Technical Analysis, we perform an in depth review of the bitcoin trading action today and provide you with our analysis on current patterns, developing trends, and our take on where the market is headed. Our Focus includes – Technical Analysis – Trade Education – Trend and Pattern Analysis – Market Psychology – Emotional and Mental Health ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bitcoin price delivers $24.5K Christmas gift with another new all-time high
Bitcoin (BTC) has broken $24,000 once again on Dec. 25 as bullish momentum returned for Christmas, which is looking rosy for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price within $200 of new all-time high Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD repeatedly testing $24,000 resistance on Christmas Day. Hitting new all-time highs of $24,500 on Bitstamp at publishing time, Bitcoin refused to conform to bearish prognoses, shrugging off lows that resulted from legal action against Ripple. At press time, the largest cryptocurrency circled $23,900 as…
XRP price just surged 40% in a surprise relief rally — Here’s why
XRP price spiked by 40% in the past 24 hours, recording a 52% gain at the day’s peak. Behind the surprising rally was a big short squeeze that caused massive volatility within hours. It is evident that the upsurge was driven by a short squeeze across futures exchanges because of the speed of the rally. XRP/USD hourly candle chart (Coinbase). Source: TradingView.com It took XRP around four hours to surge from $0.2536 to as high as $0.3120. Since then, it has pulled back to around $0.3550 on major exchanges, including…