Category: Cryptocurrency News

Around 12 hours ago as of the time of this article’s publishing, Bitcoin (BTC) closed its weekly candle. Arguably, it was bullish, for over the past seven days, the leading cryptocurrency has lept from $7,300 to as high as $8,450, marking a surge of 15%. Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta Despite this strong performance, two analysts have noted that the weekly candle may actually imply that Bitcoin is Read more …

The Foin project, issuer of the unfortunate FOIN token, issued a lengthy explanation of its recent market price fiasco. The project, at the least, showed it has not planned an exit scam and will continue operating. Team Denies High FOIN Prices Were Artificially Pumped The team also denied pumping the FOIN token price artificially, before it tanked within a day. FOIN flew high last December, in defiance of the general direction of the crypto markets. According to the recent blog Read more …

Japan’s top financial regulator plans to reduce the risk to cryptocurrency margin traders by cutting the permitted leverage to two times the deposit. The Financial Services Agency will impose the new rule in a revision to the Financial Instruments and Exchange Act expected in spring, Japan Times sources said in a report on Saturday. While the nation’s industry already follows a self-imposed rule setting a maximum of four-times leverage, the watchdog aims to halve that due to the volatility of Read more …

Advertisment TOKYO, — Zigmabit Inc. (https://www.zigmabit.com) is quickly making a strong impact in the crypto mining industry by offering the market’s fastest return on investment. The company recently hit the headlines by introducing three multi-algorithm mining rigs that assure 100% return on investment within just one month. Designed for the beginners as well-seasoned crypto miners, all three products are easy to use as they come pre-configured and the users only require to plug in and start mining. Zigbit Miners, the world’s Read more …

Advertisment Karuschain CEO Richard Verkley speaks about how blockchain provides a tangible and trusted solution to transform the precious metals mining supply chain at Blockchain Impact, 2020 Perspectives in Singapore this January 22nd, 2020. GIBRALTAR, January 13th, 2020 – Blockchain Impact, 2020 Perspectives is an exclusive event to be held at the Fullerton Bay Hotel in Singapore. The event connects global blockchain innovators with regional investors and crypto enthusiasts to discuss the many benefits of blockchain for supply chain. The Read more …

According of a research report from BitMEX, the largest cryptocurrency margin trading platform in the global market, the usage of the lightning network on bitcoin has surpassed expectations. More than 60,000 lightning network non-cooperative channel closures were recorded, and around 6,000 BTC were spent for closure transactions. The lightning network is a second-layer scaling solution that allows users to transact using bitcoin with extremely low fees. Why lightning’s growth is crucial for bitcoin’s long-term trend A channel on the lightning Read more …

Advertisment If you are planning to start a new career this year, or just improve your value in the jobs market, the best thing that you can do is acquire some blockchain skills. Companies around the world are looking for people with capabilities in this field and it appears that demand far outpaces the supply. Also Read: NASA to Launch Bitcoin to the Moon? US Space Agency Seeks Big Data Scientist With Crypto Experience Companies Need Much More Blockchain Talent Read more …

   Bitcoin reacted to the US airstrike in Iran by rising dramatically. Gold, the traditional safe-haven asset, also rose similarly over the same period as the threat of war loomed, raising the interesting prospect of whether Bitcoin is acting as a hedge against geopolitical risk. Two major Japanese corporations, GMO and SBI are to establish a huge mining facility in Texas. 300 megawatts capacity is planned, rising to 1 gigawatt by year-end, which is three times bigger than Bitmain’s Read more …

Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce. Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar. The bulls are likely aiming an upside break above the $8,200 resistance area. There is a key bearish trend line forming with resistance near $8,170 on the hourly Read more …

Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070. Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar. The price remains well supported on the downside near the $0.2080 and $0.2070 levels. Recently, there was a break below a connecting bullish trend line with support at $0.2125 on the hourly Read more …

Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar. The price is struggling to clear $148, but there are high chances of an upside break. There is a key breakout pattern forming with resistance near $147 on the hourly chart Read more …

The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,50 may leave it vulnerable for a steep pullback. In short-term trading, a weekly close is considered an important element that plays a factor in how the following week reacts. At crucial periods, a weekly close often dictates the price trend of bitcoin for many weeks Read more …