Some Major Coins Still Making Gains, Others Trade Sideways as Oil Reports Mixed Signals

Tuesday, May 14 —  Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360. Market visualization from Coin360 After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has been holding its ground, having gained 2.85% over the past 24 hours and is trading at $8,004 at press time. As reported earlier today, the bitcoin mining hashrate is becoming more distributed among mining pools. “While the distribution of hash power is certainly better geared against coordinated attacks, the…

Bitcoin Breaks $8,000 for First Time Since July 2018, Stocks and Oil Report Losses

Monday, May 13 —  Following a solid to break above the $7,400 mark earlier today, bitcoin (BTC) has broken $8,000, with all top-20 cryptocurrencies trading in the green. Market visualization from Coin360 BTC is trading around $8,013 at press time, up over 13% on the day.Bitcoin’s weekly gains are now at around 38.88%. Bitcoin 7-day chart. Source: CoinMarketCap Ethereum (ETH) has seen an increase of 7.57% in the last 24 hours. The second largest cryptocurrency is trading at $202.65 at press time. The altcoin’s weekly chart shows gains of over…

Amazing! Bitcoin Is 2019’s Top-Performing Asset Outpacing Stocks & Oil

By CCN: In December 2018, the mainstream media proclaimed the death of bitcoin (BTC/USD) for the millionth time. At that point, the first cryptocurrency dropped by as much as 84% from the all-time high of around $20,000 as the price plunged below mining costs. The bearish sentiment was so strong that almost no one dared to long the digital asset. Those who did, however, have been handsomely rewarded because bitcoin is 2019’s best-performing asset globally. Bitcoin Outperforms Other Assets by a Huge Margin It may come as a shock to…

Amazing! Bitcoin Is 2019’s Top-Performing Asset Outpacing Stocks & Oil

By CCN: In December 2018, the mainstream media proclaimed the death of bitcoin (BTC/USD) for the millionth time. At that point, the first cryptocurrency dropped by as much as 84% from the all-time high of around $20,000 as the price plunged below mining costs. The bearish sentiment was so strong that almost no one dared to long the digital asset. Those who did, however, have been handsomely rewarded because bitcoin is 2019’s best-performing asset globally. Bitcoin Outperforms Other Assets by a Huge Margin It may come as a shock to…

Crypto Markets Recover With Bitcoin Breaking $5,300, Gold and Oil Prices Rise

Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% yesterday, IOTA (MIOTA) is the only coin among the top 20 that sees losses, down around 4.3%. In contrast, litecoin (LTC) is seeing the biggest gains over the past 24 hours, up 7.17% at press time. Market visualization from Coin360 Bitcoin (BTC) has broken back above $5,300 today, hitting an intraday high of $5,353. At press…

Ripple to Save Millions for a Oil Company, XRP Reacts at Historical Support

Ripple (XRP) technically bullish PPTEP partnership bullish By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see firsthand why the platform can help industries across the board. Even so, Ripple (XRP) is ranging with strong support at 30 cents. Ripple Price Analysis Fundamentals Good news, for the general investor, is the rate at which Ripple Inc is securing partnerships. By the close of 2018, 200 banks were using RippleNet. Of those 200 financial institutions, xRapid had 13 clients. That’s a massive milestone for a service…

Crypto Markets Slump, Oil Prices Report Losses

Friday, April 26 —  After breaking above the $5,500 mark yesterday, bitcoin (BTC) has reported a loss of around $260 to press time. All of the top-20 cryptocurrencies other than bitcoin SV (BSV) are in the red, according to data from Coin360. Market visualization from Coin360 BTC is trading around $5,247 at press time, dropping 5% over the day and forming a new weekly low. Bitcoin’s monthly gains remain in positive territory, at about 32%, while its weekly chart reports a loss of 0.84%. Bitcoin 7-day chart. Source: CoinMarketCap The…

Thailand’s Largest Commercial Bank and State Oil Company Trial Blockchain Payments

Thailand’s largest commercial bank, Siam Commercial Bank (SCB), and state oil company PTT Exploration and Production Public Company Limited (PTTEP) performed a successful test of blockchain use for cross-border business-to-business payments. The bank recently announced the successful pilot on its website. Per the announcement, the project, which has been ongoing since mid-2018, aims to optimize operational efficiency. The bank claims that earlier this year, it has successfully carried out payments on blockchain within one minute. The post also points out that conventional methods require a wait of one to two…

Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining

Photo: Argo Mining There is a big shakeup affecting Argo Blockchain. This mining company that manages and operates Argo Mining has stated that a Rothschild-linked London oil tycoon has joined the crypto mining pool. Frank Timis is described as a tycoon with a shadowy past who did a cannonball dive in the deep end of mining. Argo Blockchain came into the limelight not long ago. As we reported earlier, it became the first crypto company to list on the London Stock Exchange successfully. During the IPO, Argo Blockchain managed to…

Crypto Markets See Mild Green, Global Stocks and Futures Mixed as Oil Spikes

Monday, April 22 — after yesterday’s mild market teeter, almost all of the top twenty cryptocurrencies are seeing mild green on the day to press time, seeing growth of between 1 and 7%, as Coin350 data shows. Market visualization courtesy of Coin360 Bitcoin (BTC) is up 0.4% on the day and is trading at $5,315 by press time, according to CoinMarketCap. After yesterday’s dip to below $5,260, the top coin has just reclaimed ground above the $5,300 price point — but remains shy of its intra-week high of above $5,350…