Archive | January 3, 2018

Ripple Price Technical Analysis – XRP/USD Breaks $3.0; More Gains Likely

Key Highlights Ripple price extended gains and was able to move above the $3.00 level against the US Dollar. There are two important bullish trend lines forming with supports at $2.75 and $2.30 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to trade higher and it could […]

Merrill Lynch “Bans” Clients From Investing in Bitcoin, Why It Will Backfire

Merrill Lynch, a major US-based bank that was acquired by Bank of America in 2011, has reportedly banned its clients from investing in bitcoin. An internal memo released by Merrill Lynch obtained by The Wall Street Journal read: “The decision to close GBTC to new purchases is driven by concerns pertaining to suitability and eligibility […]

Blockchain Guild’s Community Fund Makes Its First Award for Bitcoin Development

The Blockchain Guild, a community fund set up to further bitcoin development, has made its first award. The project is designed to mentor the next generation of developers, in whose hands the future of blockchain technology lies. A number of major backers have given Blockchain Guild their support including litecoin’s Charlie Lee, bitcoin developer Jimmy […]

Ethereum Price Technical Analysis – ETH/USD Gunning Toward $1000

Key Highlights ETH price is surging higher and it recently moved above the $900 level against the US Dollar. There is a crucial bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair remains in a super bullish trend and it is likely to move […]

Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up

Venezuela is looking for miners for the country’s national cryptocurrency, the Petro. The government has opened up a registry for miners to sign up to mine and gain access to the new currency. According to Venezuela’s president Nicolás Maduro, 860,811 young people have already registered to create the Petro mining farms. Also read: Venezuela Unveils Mining, […]

Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Key Support

Key Points Bitcoin cash price started a downside correction after trading toward $2800 against the US Dollar. There is a key bullish trend line forming with support at $2450 on the hourly chart of BCH/USD (data feed from Kraken). The 100 hourly simple moving average is also around $2450 to act as a support. Bitcoin […]

Is It Worth Buying Bitcoin Now?

After watching Bitcoin’s astronomical rise from $997.69 at the start of 2017 to the current value of $15,429.68, as of January 2nd, 2018, it is safe to say that many people have suddenly taken notice of cryptocurrency and are eager to buy Bitcoin for future gains. Bitcoin has made many headlines in 2017. What’s the […]

Chinese Cryptocurrency Exchanges Delay Launching in South Korea Due to Regulation

Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details4 A Bump in the Road […]

Egypt’s Top Cleric Declares Bitcoin Trading ‘Unlawful’ – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Egypt’s Top Cleric Declares Bitcoin Trading ‘Unlawful’Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Egypt’s highest official of religious law, Grand Mufti Shawki Allam, called Bitcoin trading “unlawful” under Sharia law, online publication Ahram reported today. In the fatwa issued Monday, Allam wrote that Bitcoin isn’t an “acceptable interface of …Egypt’s Grand Mufti […]