Archive | May, 2018

Korea’s Supreme Court Says Cryptocurrency Has Economic Value, Proper Asset

A ruling by the South Korean Supreme court about the value of cryptocurrency may be the backdoor to unraveling the regulatory boondoggle over custody. Porn Provider has Bitcoin Seized The case concerns a pornographer arrested on charges of violating the Protection of Children and Juveniles From Sexual Abuse Law in May 2017. The charges which… […]

Ripple Price Analysis: XRP/USD’s Downsides Remain Supported

Key Highlights Ripple price remained in the positive zone above the $0.6000 and $0.6100 support levels against the US dollar. There is a short-term connecting bullish trend line forming with support at $0.6060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct a few points in the near… […]

ASUS Introduces 20 GPU Motherboards for Cryptocurrency Mining, Targeting Miners

On Wednesday, The Verge reported that ASUS had announced one of its craziest creations yet. This being an updated version of the ASUS Mining Master motherboard which now supports up to 20 graphics cards. Mining Innovation: 20-GPU Supported Motherboard In normal cases, it would be an impossibility to fit 20 graphics cards all onto one… […]

India Rejects Venezuelan Crypto Despite 30% Discount

The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded […]

Ethereum Price Analysis: ETH/USD Holding Key Support

Key Highlights ETH price is struggling to break the $585-587 resistance area against the US Dollar. Yesterday’s highlighted major bullish trend line is intact with support at $565 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $565 support and the 100 hourly simple moving average to avoid… […]

Bitcoin Cash Price Analysis: BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price continues to struggle to break the $1,040 resistance against the US Dollar. There is a major bearish trend line forming with resistance near $1,020 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $1,020 and $1,040 resistance levels to gain… […]

Bitcoin (BTC) Price Watch: Is That a Reversal Formation?

Bitcoin Price Key Highlights Bitcoin price could be due for a reversal as an inverse head and shoulders can be seen on the 1-hour chart. Price has yet to break past the neckline to confirm that an uptrend is in the cards. Technical indicators are showing signs of a return in bullish momentum. Bitcoin could… […]

Bitcoin Trading Helped Square More Than Double in Value Last Year

Shares of payment firm Square Inc. more than doubled in value last year, and the company has seen an almost 50% increase in its stock since it began offering Bitcoin trading to it’s customers in November. Square Sees Stock Prices Soar Thanks to Bitcoin Trading Square added about $8 billion in market value since it rolled out Bitcoin… […]

The Federal Reserve Places Bitcoin Cash at $1800– That’s Where We Fix Our Buy Targets: Bitcoin Cash (BCH) Price Technical Analysis (June 1, 2018)

In the last 24 hours, Bitcoin Cash has been scaling up the bull ladder. It’s up two percent and odds are, BCH prices shall continue appreciating in the days to come. Fundamentals are good and despite their full node migration problems after their hard fork, Bitcoin Cash continues to take root. BCH is now available… […]