BCH Price Prediction – June 2 Bitcoin Cash withdraw from the monthly high at $269.62 is necessary for the next rally as long as $235 support is not broken. BCH/USD Market Key Levels: Resistance levels: $290, $310, $330 Support levels: $225, $205, $185 BCHUSD – 02062020 For the past few months, the BCH/USD price has been moving in sideways to support the market, against selling pressure. However, should Bitcoin Cash fall back to the old support and break-even, the bears might…
An Iranian lawmaker wants his country’s central bank to take bitcoin seriously Representative Mohammad Hossein Farhangi (Tabriz), speaking Tuesday before the nation’s parliament, called on the Governor of the Central Bank of Iran, Abdolnaser Hemmati, to handle oversight of bitcoin, according to the Tasnim news agency. Calling proper management of bitcoin a “good opportunity for the country,” Farhangi warned against ceding its potential to financial institutions. “Take the…
Bitcoin (BTC) Price Prediction – June 2, 2020 After breaking the $10,000 overhead resistance yesterday, BTC/USD pair reached a new high at $10,398. The recent high was an overbought region of the market. Today, Bitcoin is retracing after rejection from the overbought condition. The market suddenly plunged after retesting $10,200 high. **Key Levels:** Resistance Levels: $10,000, $11, 000, $12,000 Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart Surprising Bitcoin…
Plan B Analyst: Bitcoin Will Be $100K By the End of 2021 A respected yet anonymous bitcoin analyst that invented the stock-and-flow model for bitcoin – has made a bold announcement about the world’s number one digital currency by market cap.Plan B Predicts Big Things for BTCThe analyst has announced that sometime within the next one to 1.5 years, bitcoin will ultimately shoot up to $100,000 per unit. According to Plan B, the halving is placing bitcoin on a new bullish run…
Omniex Gets a Helping Hand from SIX Group Omniex is a company that seeks to provide cryptocurrency traders with asset pools. Thus far, the enterprise already offers many of its services through some of the largest digital currency trading platforms in the world including Binance, Coinbase Pro and BitMEX. These services are mostly available to institutional players and allow exchanges to provide them with deals they otherwise could not access. Institutional investors are…
Knox and Bitbuy Join Hands Over Insurance Lagging insurance protocols have brought the cryptocurrency space down for years. This could arguably be why so many institutional players and others have been reluctant to get involved in digital currency trading. While these assets are prone to volatility, the space has also been very vulnerable to theft and cyberattacks. Many times, large examples of theft make their way into the space, thereby resulting in millions of digital…
Robo Forex: It’s Now Easier to Trade Up until the time of writing, customers of Robo Forex could only trade and sell digital currencies that were paired with fiat. Some of these pairs included BTC/USD, ETH/USD, and LTC/USD. However, those with pro-standard and ECN accounts will have the ability to trade Ethereum for bitcoin (and vice versa), along with Litecoin for bitcoin. Furthermore, Robo Forex has improved trading conditions by lowering commissions and reducing spreads,…
Change Has Come to Coinbase It appears that with so many changes happening to multiple exchanges at once, cryptocurrencies are becoming far more mainstream and legitimate. Coinbase has also announced alterations to its platform, with the exchange adding OmiseGO – an Ethereum-backed currency – to its list of tradable assets. The company has issued a statement explaining that it is constantly being asked by customers to grow its digital currency listings, and that the adding…
Bitcoin Price Analysis Earlier this week, bitcoin price gained bullish momentum above the $9,500 resistance zone against the US Dollar. BTC even climbed above the $10,000 resistance zone to set a new monthly high. There was a close above the $10,000 level and the 55 simple moving average (4-hours). However, the price failed to break the $10,400 and $10,500 resistance levels. As a result, there was a sharp bearish reaction below the $10,000 level. The price even broke the…
Vitalii Antonenko Charged for Crypto Crimes in the Big Apple A man in New York City has been charged with laundering money through bitcoin. 28-year-old Vitalii Antonenko was arrested in March last year while arriving from the Ukraine to New York’s JFK airport after federal agents linked two bitcoin wallets to him that had been used to launder as much as $94 million in digital funds. Crypto crime is no laughing matter. There are many cases seeping their way into the digital…
China Is Being Eyed by the U.S On Thursday, President Trump explained to a room full of reporters that he and fellow regulators are looking into what their options are for dealing with China. The nation is widely blamed for the release of the coronavirus on the world, and Trump is potentially looking to initiate economic strikes against China in the form of further sanctions and tariffs. The fact is that bitcoin has a rather healthy presence in China, so if symbolic…
Goldman Sachs Is Eating Its Words These words have come back to haunt Goldman, and they have seemingly angered many people in the crypto space. Traders, crypto experts and financial analysts alike all took their turns hitting back at the investment company, claiming that the company’s words do not reflect the changes or the benefits that have been added to bitcoin over the past several years. Throughout the call, Goldman Sachs treated its viewers and listeners to a series of…
Bitcoin a macro asset Bitcoin may be more sensitive to developments in the yuan market this time round, with the cryptocurrency now a macro asset class this year following an increase in institutional participation. “It’s no longer possible to analyze the crypto market without analyzing the rest of the macro markets,” Messari analysts said in their Tuesday’s newsletter. “The 2020 recession officially marks the beginning of bitcoin as a macro asset class. For retail investors…
Russia’s Cryptocurrency Laws Remain in the Gray Zone Just recently Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called "On digital financial assets" is an updated version on how lawmakers might regulate the crypto industry in the near future. The documents do not delve much into personal holdings, trading, and cross-border remittances, unless it is applied to startups and veteran…
Demand for Cryptos Like Bitcoin and Bitcoin Cash Has Been Thriving in Russia Despite the newly updated proposal, Russian trade volume for bitcoin (BTC) on the peer-to-peer trading platform Localbitcoins (LBC) has been surging. For two months straight Russia has outpaced a number of other countries who have also been seeing significant trade volumes stem from the Russian people. Coin Dance Statistics indicate that Russia has accounted for 20% of May’s LBC trade volume. Even…
Bitcoin's Flash Rally to $10,400 was "Fake", Short the Cryptocurrency **Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.** “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happens when an asset price makes a move in one direction, but then reverses course and moves in the opposite…
U.S.A is on Fire, Governors Invoke Curfews, National Guard Deploys, and Martial Law Starts Trending Just recently a man named George Floyd was killed when an officer kneeled on his neck for close to ten minutes. There is video footage of the incident and three other officers watched their coworker cause harm to the unarmed man. Floyd is not the only individual that American police have killed and most of the time, U.S. officers never get in trouble for police brutality or…
Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with every spike in the price of bitcoin. BTC scaled past…
Maerki Baumann Launches Cryptocurrency Trading Desk and Custody Service The Swiss Financial Market Supervisory Authority (FINMA) recently approved two banks — Maerki Baumann and Incore Bank — to offer a number of cryptocurrency services, the two financial institutions independently announced Friday. Maerki Baumann, a Zurich-based private bank with a dedicated crypto desk, stated Friday that it has obtained a license from FINMA “to offer the trading and custody of…
About Cryptocurrencies What is blockchain technology? You've likely heard some of the following terms if you've paid attention to the world of finance: Cryptocurrency, Blockchain, Bitcoin, Bitcoin Cash, and Ethereum. But what do they mean? And why is cryptocurrency suddenly so hot? First, we'll explain the blockchain basics. As society become increasingly digital, financial services providers are looking to offer customers the same services to which they're accustomed, but…
How do you mine cryptocurrency? Bitcoin, Litecoin, Ethereum, and other cryptocurrencies don't just fall out of the sky. Like any other form of money, it takes work to produce them. And that work comes in the form of mining. But let's take a step back. Satoshi Nakamoto, the founder of Bitcoin, ensured that there would ever only be 21 million Bitcoins in existence. He (or they) reached that figure by calculating that people would discover, or "mine," a certain number of blocks…
Current & future uses of blockchain technology & cryptocurrency Since its inception, Bitcoin has been rather volatile. But based on its recent boom — and a forecast by Snapchat's first investor, Jeremy Liew, that it would hit $500,000 by 2030 — and the prospect of grabbing a slice of the Bitcoin pie becomes far more attractive. Bitcoin users expect 94% of all bitcoins to be released by 2024. As the number moves toward the ceiling of 21 million, many expect the profits miners…
What is the future of Cryptocurrencies?
Bitcoin Trader Scam Many bitcoin scams have emerged as unemployment rises worldwide during the economic crisis and coronavirus pandemic. One investment scheme that has recently gained more attention due to its aggressive marketing tactics is called Bitcoin Trader. It claims to be “an automated trading software” that can “trade cryptocurrencies and forex in both automated and manual mode.” However, there are many red flags about this platform. The Bitcoin Trader website…
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