Rumors that PayPal and Venmo are poised to offer direct sales of Bitcoin, and other cryptocurrencies, made headlines yesterday. There has been no official confirmation from PayPal yet. But the news coming from several different sources, in conjunction with a recruitment drive for blockchain engineers, have heightened expectations. A look at the peer-to-peer payment space…
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Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country. Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies. Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment Feature In a move to “preserve an adequate…
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Bitcoin is not a currency, but a speculative asset, veteran economist Steve Hank said on Tuesday. The Johns Hopkins University professor noted that cryptocurrencies like Bitcoin must be tied to commodities to qualify as a legitimate currency. Nevertheless, the respected scholar tends to ignore a straightforward thing: Bitcoin is not a foreign currency note operating…
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Ethereum is trading in a positive zone above $240 and $242 against the US Dollar. ETH is likely to climb above the $250 resistance, which might start a strong uptrend. Ethereum is rising and it remained well bid above the $240 support level. The price is now approaching the main $250 resistance and trading above…
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Bitcoin, Ethereum, and most other cryptocurrencies have largely stalled over the past few weeks. That’s in terms of price. But data shows that the two leading blockchains are seeing rapid growth in usage. This comes in spite of fears that a second leg to the 2020 bear market/trend is on the horizon. Related Reading: Buying Bitcoin…
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Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index. Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current trading range. The downside move in the index could lead investors to offset their losses by selling Bitcoin…
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Ripple is currently consolidating below the $0.1900 resistance against the US Dollar. XRP price must settle above $0.1950 and the 100 SMA (H4) to start a strong rally in the near term. Ripple price is slowly moving higher after testing the $0.1850 support against the US dollar. The price is still trading well below $0.1920…
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Bitcoin started a downside correction from the $9,780 swing high against the US Dollar. BTC found support near $9,600 and it is currently gaining bullish momentum for a fresh rally. Bitcoin is trading nicely above the $9,500 support zone and the 100 hourly simple moving average. A short-term downside correction seems to be over near…
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After holding in the low-$9,000s, Bitcoin finally saw a breakout recently. The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days. Bitcoin’s strength came on a swath of positive news. Firstly, while the S&P…
DetailsThroughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives. “Speed” naturally became a selling point of many altcoins. That being said, this was not enough to generate any type of investor interest or extreme utilization. One prominent Bitcoin investor…
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