Month: July 2020

Earlier this week, Bitcoin topped out at $11,500 — a historically important price point. The leading cryptocurrency proceeded to drop by approximately 7% to $10,600 in the 24 hours that followed the high. After consolidating between $10,800-11,200, Bitcoin is breaking higher once again. Just minutes ago, BTC pierced $11,400 for the first time since the aforementioned highs. Chart of BTC’s price action over the past few days from TradingView.com While some are fearing a similar rejection to the one Bitcoin Read more …

Advertisment Bitcoin and the aggregated crypto market are currently flashing some signs of tempered strength as most assets push higher BTC is still caught within a consolidation phase within the lower-$11,000 region Strength in other assets, like Ethereum, may help guide the benchmark crypto higher in the days ahead One analyst is now noting that BTC is about to post one of the most bullish monthly candles it has seen since late-2017 As long as BTC’s price remains steady throughout Read more …

Bitcoin is now flashing some immense signs of strength as its price pushes up towards its yearly highs of $11,400. This comes as Ethereum, and many other major altcoins, also build technical strength. This ongoing uptrend is being driven by massive inflows of buying pressure that are helping to degrade the resistance established throughout the mid-$11,000 region. Analysts believe that this could mark the start of the next leg up, which could send BTC to $12,000 or beyond. This potential Read more …

Advertisment The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX. The BNB token has multiple forms of utility and powers the Binance Ecosystem as its underlying gas. You want the latest news about Crypto? Then follow us on Google News! The U.S. Read more …

Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out.  “Another great example of the many benefits of blockchains such as Ethereum compared to the traditional space, we can see and understand the literal creation of value and how it moves,” Coinfirm co-founder and CMO Grant Blaisdell told Cointelegraph, adding, “In Read more …

The price of Bitcoin surpassed $11,400 for the third time in three days, breaching a critical resistance level. Earlier today BTC price reached $11,444 but it quickly rejected back to the $11,250 range. Surprisingly, within the last hour the price has risen above the $11,400 mark again and some traders believe that repeated retests of the resistance could raise the chances of a breakout. Spartan Group’s Kelvin Koh said that when BTC breaks out of $11,400, a rally to $12,000 Read more …

Oddly enough, Apple is known for never using its official Twitter account to market its flagship iPhone or Mac computers. However, the one tweet the account has ever made was directly about Bitcoin to its more than 4.6 million followers. Comparing Apples To Oranges, And a Computer Firm To Crypto Bitcoin was created by the pseudonymous Satoshi Nakamoto sparking an entire industry of competitors. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne, and like the cryptocurrency is Read more …

A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC). High saving rates, low yields Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield offered by the financial institutions on savings accounts, however, is close to zero. At the same time, assets as Bitcoin, equities, and gold, all have made double-digit gains since March. This is making Read more …

Discussing Ethereum’s (ETH) hackathon in partnership with the Colorado State Lottery, Vitalik Buterin opined that in the future, such lotteries could benefit from Ethereum 2.0’s Verifiable Delay Function. No immediate use for Ethereum in the project The Ethereum creator will be one of the guests at the virtual opening ceremony for the Colorado State Lottery GameJam Hackathon. Jared Polis and Chainlink’s co-founder, Sergey Nazarov, will also be inattendance. Buterin does not believe that the Colorado Lottery will immediately start using Read more …

Advertisment Ethereum is flashing signs of immense strength as it pushes up towards its high time frame resistance at $350 This level has long been a target that analysts have been setting their sights on, and it is likely that a heavy amount of selling pressure exists here Although over a macro time frame ETH is firmly bullish, the visit to this level may spark a slight selloff that leads it down towards $280 Analysts are noting that this could Read more …

Ethereum has been seeing some incredibly strong price action throughout the past several weeks, and there’s no end in sight to its ongoing uptrend. The cryptocurrency is currently reaching up towards a key high time frame resistance level that analysts have been closely watching for quite a while, but the overtly bullish market structure formed in recent times will likely be enough to propel it over this level. One analyst is pointing towards the crypto’s decisive break into its Ichimoku Read more …

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note The concept of monopoly will reign in today’s Law Decoded. As a fundamental principle, blockchain technology is about distributing both inputs and outputs of information securely. In its still very young lifecycle, the technology has proven to have boundless applications on the basis of this fairly simple principle.  A secondary principle is decentralization, and in this way, blockchain technology Read more …