After reaching above 30 cents last week, XRP has taken a step back to make a decision on where it wants to head next. A textbook doji closed on the weekly, reflecting indecision in the altcoin. According to a candlestick pattern potentially forming on the weekly following the doji, a fall below 25 cents will…
DetailsThe United States has just revealed a seizure of over $2 million in Bitcoin said to be meant for financing terrorist organizations over social media. Coinciding with the case, the Justice Department issued a deterrent to those that seek to use cryptocurrencies as part of criminal operations. The Justice Department assistant attorney general has warned…
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Chainlink has been caught in the throes of an insane uptrend over the past couple of years. Due to a slew of announcements, integrations, and other pieces of good news regularly surrounding the project, the cryptocurrency has been able to defy the market-wide downtrend seen throughout 2019. This extreme bullishness has carried over into 2020,…
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XRP’s price has been facing growing selling pressure, which has caused it to lose the momentum that was previously driving it higher It now appears to be well-positioned to see further short-term downside, as the cryptocurrency has been struggling to break above its resistance at $0.30 Despite this short-term weakness, analysts still believe that the…
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It was recently revealed that Coinbase would soon introduce collateral-based loans taken out against Bitcoin holdings in exchange for instant cash. The product is a great move by the crypto exchange, allowing it to compete against BlockFi and others in the lending space. But it also may have a side effect that promotes Bitcoin holders…
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Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. Source: twitter.com Previously, Hoskinson said Ethereum Classic needs to innovate, to which the implementation…
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Numeraire (NMR), the native token of Numerai – a blockchain-based hedge fund, rose exponentially over the last 24 hours. The NMRUSD exchange rate established a year-to-date high at $20.28 after rallying by close to 190 percent on Wednesday. The pair’s massive upside move came days after the announcement of Coinbase Pro–a US-regulated crypto firm– to…
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A mad overnight rally in the Compound (COMP) market resulted in a vast correction this Thursday. The popular decentralized finance token plunged by more than 25 percent from its year-to-date high at $268.63. The massive intraday plunge appeared majorly because of profit-taking behavior among daytraders. The Compound chart on TradingView.com shows COMPUSD plunging 15% in…
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Mike Novogratz, the founder of Galaxy Digital, thinks Bitcoin and gold are likely to head higher towards the end of the year. He reiterated this position in a tweet published on August 12th. This comes as Bitcoin has stalled in the high-$11,000s. The cryptocurrency’s inability to surmount the $12,000 resistance has led some commentators to…
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Ethereum recovered nicely above the $380 and $390 levels against the US Dollar. ETH price must surpass the $400 barrier for another leg higher in the near term. Ethereum is up over 5% and it broke the key $380 and $390 resistance levels. The price traded close to the $398 level and it settled above…
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