The Bitcoin bull case may be rapidly forming, but the charts of XRP and other top altcoins still look “like trash” according to a top analyst. The analyst that made this assertion called that BTC would bottom at $3,200 in the middle of 2018, when the asset traded in the $8,000s. This was an accurate prediction, with the flagship cryptocurrency forming a macro low at $3,150 just six months after the forecast. Top Altcoins Still Look Like “Trash” Following the Read more …
India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting this year, according to a report published last week by Coinpaprika and Okex. The former is a cryptocurrency research platform while the latter a global Read more …
Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows. Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According to the analyst that made this observation, this may be the largest correction Bitcoin has seen since March’s capitulation event. Watch Out: Bitcoin Could Fall in the Next 2 Read more …
Joseph Kahn, a music video director who has worked for the world’s leading pop stars for over two decades, has announced that trading crypto assets is his new favorite hobby. After claiming to have spent the past month trading cryptocurrency, Kahn purports a profit of roughly $450 On June 1, Kahn took to Twitter announcing that he has spent the last month trading crypto assets. A screenshot shows Kahn’s portfolio to be valued at $7,949, with the hobbyist trader claiming Read more …
NewsBTC asked a few questions to Jay Hao, CEO of the world’s leading crypto-asset exchange and trading platform to understand his perspective of the current global economic scenario and future of cryptocurrencies. In this interview, Hao also offered some insights into how OKEx is preparing itself to achieve growth in the near future. Q: The world is going through some tough times, with the mainstream financial markets taking a huge hit. How has this impacted OKEx? A: With unemployment rates Read more …
Advertisment Kronoverse Inc., the independent game-development company behind the CryptoFights skill-based fighting game, and member of ESIC (Esports Integrity Commission), has secured further funding via technology investment firm Persimmon Hill Ltd. and technology entrepreneur Calvin Ayre. This is Persimmon Hill’s first, and Calvin Ayre’s third, investment in Kronoverse. CryptoFights utilizes the Kronoverse platform which replaces the games networking layer from traditional cloud servers to the Bitcoin SV (BSV) blockchain – a public and auditable ledger. This unlocks massive benefits for Read more …
Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels. Ethereum started a downside correction from the $250 resistance zone. The price corrected below the $240 level, but it found support near the $230 level. There is a major bullish trend line forming with support near $232 on the hourly chart of ETH/USD (data feed via Kraken). The pair is Read more …
Bitcoin (BTC) is going into the third week of its new halving cycle just $550 away from five figures — but what could really impact price this week? Cointelegraph takes a look at the main factors that could help — or hinder — the biggest cryptocurrency over the coming days. Stocks and oil contrast with stable BTC Traditional markets are off to a rocky start this week. Protests in the United States have coupled with President Donald Trump’s softer response Read more …
Advertisment While the traditional banking systems have made tall claims about expanding its business and services across the globe, the reality is that many of the developing nations still remain underbanked and far from getting access to banking services. KOINON is one such ambitious project that aims to break these barriers and establishing a frictionless crypto-based payment system for the unbanked or underbanked, merchants and enterprises. You want the latest news about Crypto? Then follow us on Google News! But Read more …
Small bitcoin miners are selling more tokens than they mine, according to weekly data provided by ByteTree. They produced 5,888 BTC on a weekly adjusted timeframe but sold 6,473 BTC to offset their operational costs. The trend, coupled with bearish technical fractals, amounts to more potential downside corrections in the bitcoin market. A recent reduction in operational revenues is forcing Bitcoin miners to sell off their existing crypto holdings. The 21-day Miner’s Rolling Inventory, a barometer created by on-chain analysis portal Read more …
The first launch of a space vehicle built in and launched from the United States in almost a decade wasn’t just viewable on NASA’s YouTube channel — users of the Ethereum-based virtual reality world Decentraland got front row seats. Decentraland said in a May 30 tweet that the recent SpaceX launch would be available live in its VR world. Users were able to watch the event in the environment’s virtual auditorium as Elon Musk sent two humans into orbit in Read more …
Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas. In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices will benefit crypto miners by providing cheaper electricity worldwide, but “not equally worldwide.” Miners based in the United States — which gets 36% of its energy from petroleum — Read more …