Ripple is holding gains above $0.2800 against the US Dollar. XRP price is likely to accelerate higher towards $0.3500 once it clears the $0.3100 resistance zone. Ripple is showing a few positive signs above $0.2800 and $0.2680 against the US dollar. The price is facing a major hurdle at $0.3100, but it is above the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate higher…
Day: January 21, 2021
UK Crypto Derivatives; VeChain Health 'PASSPORT'; Ethereum Set to SKYROCKET to New ATH
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Bitcoin double-spend spotted in the wild
BitMEX Research has identified a suspected double-spend transaction valued at 0.00062063 BTC or roughly $21 — and it doesn’t appear to be an instance of that popular replace-by-fee wallet hack. On Jan. 20, BitMEX’s ForkMonitor noted that “multiple blocks were produced at height 666833.” BitMEX Research tweeted: [1/2] There was a stale Bitcoin block today, at height 666,833. SlushPool has beaten F2Pool in a race. It appears as if a small double spend of around 0.00062063 BTC ($21) was detectedhttps://t.co/o8lz9xagYG pic.twitter.com/IEdPu8JEjt — BitMEX Research (@BitMEXResearch) January 20, 2021 One hour…
Fundstrat Global – Altcoins Bitcoin News
Fundstrat Global Advisors strategist David Grider predicts that the price of ethereum could rally to $10,500 per unit after the cryptocurrency set a new all-time high on Tuesday. The estimate implies a near 700% upside on the current ether price hanging above the $1,300 range. According to Grider, ether (ETH) – the second largest digital asset after bitcoin (BTC) – will continue to benefit from its relationship with decentralized finance (defi) applications, the majority of which are built on the Ethereum blockchain, and have seen massive growth in 2020. He…
Ripple XRP AIRDROP SPARK on FLARE NETWORK supported by COINBASE adds ETHEREUM like functionality
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Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally
Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term. Ethereum is holding gains above the $1,250 and $1,280 support levels. The price is currently correcting lower from $1,385, but it is above the 100 hourly simple moving average. There is a crucial contracting triangle forming with support near $1,275 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct again, but it is likely…
83% of cryptocurrencies that peaked in 2018 are still down by 90%
Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%. The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs. Holding assets that hit high marks +3 years ago is proving to be a massive lost opportunity cost for deploying capital. There’s a reason 83% of assets that hit…
Former Ripple advisor set to become Comptroller of the Currency: WSJ
According to the Wall Street Journal, a former member of Ripple’s board of advisors directors is likely to become the next Comptroller of the Currency. The report cites insiders “familiar with the matter” who expect President Biden to nominate former Treasury Department official, Michael Barr, to the top post overseeing national banks. The position as Comptroller of the Currency serves as the administrator of the federal banking system, and is the chief officer of the Office of the Comptroller of the Currency (OCC). The WSJ described it as one of…
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Asset Management Giant BlackRock Hints at Investing in Bitcoin Futures
BlackRock, the world’s largest multi-trillion dollar asset manager, is considering investing in Bitcoin futures through two of its funds. BlackRock’s Funds Contemplating Bitcoin Futures Investment In a pair of filings with the U.S. Securities and Exchange Commission (SEC) on Wednesday (Jan. 20, 2021), Blackrock revealed that two of its funds may include b. The funds are BlackRock Global Allocation Fund, Inc and BlackRock Fund V. Meanwhile, the filings were specific about the nature of bitcoin futures that the funds may trade. According to the documents, the BlackRock funds may only…