Archive | February 20, 2018

Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live? The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to […]

SEC suspends ‘bandwagon’ blockchain companies from trading

True to its word, the SEC has begun punishing listed companies that have previously had zero ties to the blockchain or digital currencies and have announced, with little to no supporting evidence, that they were moving into the cryptocurrency or blockc…

Bitcoin and the Incredible Power of Fiction – Bloomberg

BloombergBitcoin and the Incredible Power of FictionBloombergMeanwhile, the absolute gibberish that is Venezuela’s cryptocurrency, the petro, which will somehow be a commodity currency and a fiat currency and a cryptocurrency, is launching today. And: “Bitcoin is becoming a ‘nightmare’ for divorce lawyers,” not …and more »

Ripple Price Technical Analysis – XRP/USD Declines Below $1.00

Key Highlights Ripple price struggled to gain momentum above $1.15 and declined sharply against the US dollar. There is a crucial bearish trend line forming with current resistance at $1.02 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently trading well below the $1.00 support and it remains […]

Cryptocurrencies NEO And Stellar Added To eToro Platform – Newsbtc

Global trading and investment platform eToro has announced that NEO and Stellar (XLM) are the latest cryptocurrencies to be added to the site. As of Monday, 19th February, 2018, eToro’s nine million users will be able to trade an impressive total of nine cryptos. The decision to introduce these two exciting altcoins is a response […]

Crypto Mining Craze Creates Global GPU Shortage

The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components. Miners Plunder Singapore, Hong Kong For Cheap Rigs Scores of miners from around the world come to the electronics bazaars in Asia to buy […]

Ethereum Price Analysis – ICOs reach record heights

Ethereum (ETH) has essentially held steady in February. The market cap now stands at US$89.55 billion, with US$1.58 billion traded on exchange over the past 24 hours. While daily traded volume is down sharply from late December and early January, the E…

Ethereum Price Technical Analysis – ETH/USD Nosedives Below $900

Key Highlights ETH price failed to gain pace above $940 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at $925 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now trading below the $900 level and it seems like the […]

Bitcoin Price Technical Analysis for 02/21/2018 – Waiting for More Buyers

Bitcoin Price Key Highlights Bitcoin price sold off from its rising wedge support previously highlighted, signaling that a downtrend may be in order. However, price is still testing support at the rising trend line connecting the lows since the start of the month. Technical indicators are also suggesting that bullish momentum could return. Bitcoin price […]