Bitcoin price failed to rebound above $8,300 and extended its decline against the US Dollar. The price is trading below the $8,200 level and recently it declined towards the $8,050 level. There is a key declining channel forming with resistance near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses as long as it is trading below $8,400 and $8,500. Bitcoin price is showing signs of additional Read more …
The total crypto market cap struggled to surpass $220.0B and declined recently below $215.0B. Bitcoin price is also under pressure and it recently traded below the $8,200 support area. EOS price is down around 5% and it broke the key $3.000 support area. BCH price retested the key $215 support area and it is currently correcting higher towards $225. Tron (TRX) price is down more than 5% and it broke the main $0.0160 support zone. Cardano (ADA) price declined nearly Read more …
The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. According to the official document published on Oct. 15, investment management firm Wilshire Phoenix and exchange NYSE Arca have filed an amendment to their Bitcoin ETF application to reflect new circumstances. New and updated version Per the proposal, Coinbase Custody will act as a custodian of the trust’s Bitcoins. But unlike the Read more …
The pressure appears to be mounting again for Bitcoin. A couple of months ago they were saying ‘you’ll never get another opportunity to buy four figure BTC’, and today it is looking like dumping back to $6,000. All hopes are now pinned on the halving seven months away, but can it really prevent another bear market? Bitcoin Breaks Lower Again In the short term, BTC is looking bearish. Failure again to break resistance above $8,400 has resulted in another fall Read more …
Ripple price started a downside correction after setting a new monthly high at $0.2993 against the US dollar. The price declined below the $0.2920 support area and tested the $0.2840 support area. Yesterday’s highlighted major bullish trend line with support near $0.2860 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported near the $0.2860 and $0.2820 levels in the near term. Ripple price is holding an important support area against the Read more …
Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project. In a recent, little-noticed speech, the billionaire and one-time presidential candidate said Taiwan could boost its status as an international financial hub by embracing Libra, rather than approaching the project with skepticism as other governments have done. Gou also suggested the island could connect Libra, if and when it launches, with the digital currency being Read more …
Crypto-passionate street artist Pascal Boyart, well known in the space for being the first artist in his style to affix Bitcoin QR codes to his work, is now helping Venezuelan muralists and creators earn crypto. The Paris-based “Pboy,” also famous for hiding BTC in his graffiti-meets-classic-art murals, has teamed up with local organization Satoshienvenezuela, creating a tutorial for up-and-coming creatives in the volatile nation. Also Read: Europol Predicts Rise of ‘Criminal’ Crypto Exchanges in Digital Underground Subversion and Survival Thanks Read more …
Ethereum price struggled to climb above the $185 resistance and declined recently against the US Dollar. Bitcoin price is also facing selling interest and it is now trading below the $8,200 support area. There is a new connecting bearish trend line forming with resistance near $181 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below $175 as long as it is trading below the $185 resistance. Ethereum price is struggling to Read more …
Analysts at RBC Capital Markets have suggested that stifling Facebook’s Libra may leave the field open to China’s central bank digital currency (CBDC) to dominate in emerging economies. China shifts development of digital currency in extra gear On Oct. 15, financial news outlet Markets Insider reported that RBC analysts believe that once Facebook announced its Libra stablecoin plans, China shifted development of its own yuan-backed CBDC into the next gear. RBC wrote to clients: “If US regulators ultimately dismiss Libra Read more …
XRP has been on the offensive, having ended a 3.5-month-long downtrend with a move to three-week highs. The world’s third-largest cryptocurrency by market capitalization clocked a high of $0.2993 yesterday, the highest level since Sept. 21, according to CoinDesk’s price index. As of writing, XRP has pulled back slightly and is currently changing hands at $0.2879, representing 3.8 percent drop on the day after reaching its local peak. Notably, prices are up more than 25 percent from the low of Read more …
QAN is a quantum-resistant, enterprise-ready blockchain. To date, only one or two other blockchain projects have launched with the quantum threat in mind – Quantum Resistant Ledger is the best-known. However, none of them yet offer any kind of sophisticated smart contract programming capabilities. New blockchain platforms generally claim to be faster, more scalable, or more resilient than their predecessors, while very few offer features that differentiate from the competition. QAN appears to be among those few. Furthermore, QAN is Read more …
If you’re a Bitcoin miner or enthusiast, you now have another reason to smile. On October 12th, RSK, the project that brought smart contracts to Bitcoin, launched a new incentive program that will provide a big boost to its merged mining rewards program. RSK’s reward program, which compensates merged mining efforts in RBTC, the platform’s native token, increased rewards by more than 1,000%. Smart contracts have been one of the most lauded features of blockchain technology. Deloitte’s 2019 Global Blockchain Read more …