Binance Coin has seen a much needed 40% pullback stemming from the highs around 40,000sats at the beginning of June, down to current visible range support sitting at 25,000sats. Short term price action suggests we could see upwards movement that could very well propel BNB back into its key uptrend highlighted in the weekly analysis below. BNB/BTC Weekly Chart On the weekly chart for BNB/BTC we can clearly see the strong rising support has recently been broken. This rising support Read more …
Huobi Group has partnered with blockchain network Nervos in order to create a public blockchain for decentralized financial (DeFi) services. Nervos’ new blockchain technology will be released in collaboration with Huobi as a joint enterprise in the sector of decentralized finance. The project which is currently dubbed Huobi Finance Chain, will be a regulated financial blockchain which enables enterprises, financial institutions, and exchanges to create their own blockchains, issue their own tokens, offer DeFi services, and many other applications. “The Read more …
DreamTeam is an all-in-one infrastructure platform for competitive eSports gaming. The platform acts a secure payment gateway with the goal of making eSports competition much more accessible to anyone around the world who wants to compete. DreamTeam aims to solve several pressing issues for eSports fans and players, such as secure salary payments and reception of tournament prize money via smart contracts. The company was founded on the ideals of creating a pure decentralized economic system based on P2P contact Read more …
The Bitcoin network hash rate has climbed to an all-time high (ATH) of 69 quintillion hashes per second – 10x the number of grains of sand on Earth. More Hashes Per Second than are Grains of Sand According to Blockchain.com, the Bitcoin network hash rate is at a new ATH of 69 quintillion hashes per second (69 million terra hashes per second – TH/s). Hash rate refers to the computing power used in securing the network. Since topping 60 quintillion Read more …
Despite the continued vulnerability of exchanges, centralized crypto markets continue to flourish. This year has borne witness to several notable hacks and exchange failures at Cryptopia, QuadrigaCX and most recently Bitrue. Hackers can target both the hot wallets of exchanges or users’ login credentials via phishing. The ProofofKeys event, aimed at pulling assets off exchanges, came and went, with little noticeable impact. Adding to this risk is the increasing demands on centralized exchanges (CEXs) by governments. There is increasing pressure Read more …
After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain. Related Reading: Bitcoin Must Break Above $12,444 Or Else Price Breakdown May Occur, Claims Prominent Analyst However, this rapidly changed when BTC tapped $13,800, failed to break past this key technical level, and subsequently broke down. As of the time Read more …
The third-largest cryptocurrency, XRP, had a poor start to the Saturday session, as its price plunged towards the $0.40 mark during early trading. Having opened the session at $0.427, the coin dropped to as low as $0.405, erasing all the progress it had made during the preceding session. However, the coin was able to overcome its early struggles and eventually finished the day in the positive territory. XRP closed the session at $0.429, according to data from digital currency tracker Read more …
Coindeal’s popularity and number of new users are growing very fast. The exchange will soon be available in several states in the USA and has prepared their own CoinDeal token – CDL. This giveaway is addressed to its 300.000 current and 150.000 new users –internal exchange tokens are waiting to get them completely for free! CDL Token.. …is an amazing opportunity to start trading for free on one of the premier global exchanges with various benefits. The token will also Read more …
Kopitiam, the operator of food-courts in many Singapore malls, has unveiled a new ordering solution, allowing payments in bitcoin. Bitcoin-Enabled Food Court At the KOPItech food-court in the newly refurbished Funan mall, customers order through self-service kiosks or via Facebook Messenger using QR codes located on each table. More interesting than this, however, is the ability to pay using cryptocurrency. Amongst other payment methods, the kiosks accept bitcoin, ethereum, and creatanium (which must be popular in Singapore?). The KOPItech system Read more …
The rainy season in Sichuan, a region known for its mighty and colourful water bodies and very low priced hydroelectric power is about to begin. As a result, Bitcoin miners are reportedly trouping in, in droves to the region. This is mainly because of the high profits earning potential attributed to the region due to the cheap electricity. Increase in Bitcoin Price is a Major Factor Recently, the value of Bitcoin increased to about $14,000 and subsequently, the rate of Read more …
Bitcoin is trading at an eye-watering 600% premium in Zimbabwe, as the country’s oppressive monetary policy drives local investors towards the decentralized ‘safe haven’ cryptocurrency. BTC Price Hits $75,000 On LocalBitcoins As various media outlets reported in recent days, a full ban on foreign currency in Zimbabwe has triggered a giant premium for Bitcoin, which currently sells for up to $75,000. At press time, BTC/USD hovered around $11,000, meaning the premium reaches a huge 580 percent. Beginning last week, the Read more …
The bullish outlook for bitcoin improved exceptionally in the second quarter of 2019 as the cryptocurrency surged by more than 165 percent. But according to a crucial technical indicator, a sharp reversal is underway. Prominent market analyst Josh Rager spotted Shooting Star — a candlestick pattern in which an open, low, and close, are virtually the same — on a weekly bitcoin chart. Rager called the Shooting Star pattern a “sign of a bearish reversal,” further confirmed by a long upper shadow Read more …