Category: Cryptocurrency News

Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving.  Bitcoin traders split into 3 groups  Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps.  The first took the bearish perspective and predicted a pullback to $8,500-$7,500, often citing Read more …

Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin. In an analyst’s note, part of which was tweeted Monday by Su Zhu, co-founder and CEO at Three Arrows Capital, the bank said that its short-term target for bitcoin (BTC) is $13,971 and that investors should consider buying on any dips in the current scenario. The bank said that, based on its Elliott Wave analysis, BTC would find support around $11,094, and that Read more …

The Huobi crypto exchange has announced that it will add Bitcoin SV (BSV) contracts to its derivatives platform. According to a post made last week, Huobi revealed that it will be launching Bitcoin SV derivatives contracts beginning with this Friday. “Dear valued users, Huobi Derivative Market (Huobi DM: https://www.hbdm.com) will launch BSV contract at SGT 18:00 p.m. on August 16th (next Friday)”.-read the post on the exchange’s website. Source: Huobi The contract will come with a multiplier of one US Read more …

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency. World’s Biggest Blockchain Platform In a series of announcement at the Reliance annual general meeting today, the firm revealed aggressive plans for the blockchain industry with partnerships from a number of global tech giants. Jio is the mobile network Read more …

United Kingdom-based customers of Coinbase are reportedly being informed that the exchange will be dropping support for the privacy-focussed Zcash as of Aug. 26, 2019. The same does not appear to apply to United States or European Union customers, however, prompting speculation on the reasoning behind the move. Convert, send, or be liquidated The communication being sent to customers gives a number of options on how to proceed. Option one, any Zcash held on Coinbase can be converted into any Read more …

View Bitcoin’s short duration charts indicate the bears are in control and prices could drop below $11,000 in the next 24 hours. A strong bounce from the 5- and 10-week moving averages at $10,804 and $10,625, respectively, could fuel a rise back to $12,000. A high-volume weekly close (Sunday, UTC) or a back-to-back daily close above $12,000 is needed to revive the bullish outlook. Bitcoin (BTC) could drop below $11,000 in the next 24 hours, after sellers took victory in Read more …

Making smart investments is the best way for any man to safeguard his future. This could mean investing in real estate, the stock market, shares in a company, or even commodities like gold. There is one other area of investment that an increasing number of men are turning to – and that is cryptocurrencies. For many people, the crypto boom of 2017 and subsequent bust of 2018 passed by before they fully got to grips with what it all meant Read more …

Ethereum Classic Labs’ Stevan Lohja says that many top cryptos would be “rekt” by Ethereum Classic (ETC) if it removed “Ethereum” from its name. In a tweet posted on Aug. 11, Lohja — who works as technology coordinator at Ethereum Classic Labs — wrote: “Opinion: Many #cryptocurrency in the top market cap would be absolutely #Rekt by #EthereumClassic if we removed #Ethereum from the brand. I know we are original Ethereum project, but maybe this can be water cooler chatter Read more …

Australian authorities have caught and charged five crypto scammers because they defrauded 100 investors out of nearly USD 1.83 million. According to an investigation led by the Financial and Cyber Crime Group, State Crime Command, the 5 scammers began their activities in 2017, convincing victims to invest cryptocurrency in a fake company called Exmount Holdings Group. The company passed off as legitimate at first glance, as it had a website, call center and sales staff. The group of fraudsters comprised of Read more …

The weekend has been largely bearish for bitcoin price as it dumped 6% after a long period of consolidation. The move dropped BTC back to support, keeping it range-bound, but the weekly candle close has been the best since early 2018. Bitcoin Weekly Close Over $11.5k Markets have remained flat following bitcoin’s $600 dump on Saturday. The plunge took BTC back down to $11,200 before it started trading sideways. Sunday saw another dump as the digital asset dropped down to Read more …

Messaging app giant Kakao – which launched its own blockchain in June – has said it plans to release a cryptocurrency wallet dubbed “Klip” later this year. The firm posted a teaser page to the “More” tab in its KakaoTalk app on Aug. 12, according to a report from CoinDesk Korea, offering a few details of the planned product. Developed by Kakao’s blockchain affiliate GroundX, Klip will be a digital wallet that manages user information and digital assets. Specifically, it Read more …

After spending the best part of the past week consolidating, Bitcoin took a turn south over the weekend. On the bright side, the king of crypto registered its highest weekly close for over a year. Will it lead to further gains? Highest Weekly Candle for 18 Months Today’s Asian trading session has been the complete opposite of last Monday’s. The sellers are piling on the pressure as Bitcoin fell from $11,580 to just above $11,300. A death cross as the Read more …