Archive | May 7, 2018

Ripple Price Technical Analysis – Can XRP/USD Move above $0.8500?

Key Highlights Ripple price traded as low as $0.8014 before starting a fresh upside wave against the US dollar. There is a significant bearish trend line in place with resistance near $0.8480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to break the trend line resistance and $0.8500… […]

Asian Cryptocurrency Trading Roundup: Bytecoin Boosted by Binance Listing

FOMO Moments Following two days of selling pressure the markets have stabilized a little and even started to gain marginally during the morning’s Asian trading session. Total market capitalization is climbing back towards $450 billion and Bitcoin did not drop below $9k. It is currently trading up 1% on the day at $9,440. Altcoins are… […]

Cryptocurrency Startup Flees to Canada to Avoid U.S. Regulatory Expenses

CBblocks, a Miami-based firm that specializes in cryptocurrency wallet management, has enjoyed great success in 30 days. So much so that the company is planning to move to Canada in order to escape the U.S. regulatory burden. Cryptocurrency Wallet Management Startup Moves to Canada to Avoid U.S. Regulation CBlocks was created by Auston Bunsen, Mario… […]

Azerbaijan’s Central Bank: Profits from Cryptocurrency Trading Must be Taxed

Azerbaijan, taking another step towards the legitimization and mainstream adoption of cryptocurrencies, has declared that the coins are subject to taxation in the country. Specifically, revenues generated by entities will face ‘profit tax,’ and individuals trading cryptocurrencies will be subject to ‘income tax.’ These clarifications come from Nijat Imanov, deputy director general of the Tax… […]

Warren Buffett Is Wrong About Bitcoin – Forbes

ForbesWarren Buffett Is Wrong About BitcoinForbesLegendary investor and CEO of Berkshire Hathaway Warren Buffett has been a long-time bear on Bitcoin, using strong messages to tell investors that they will lose a great deal of money by sticking with the digital currency. Like “poison squared,” an …Warren Buffett says bitcoin is ‘rat poison’CNNMoneyBitcoin almost broke […]

IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 8, 2018

Regardless of our medium to long term bullish skew, sellers are driving prices across the board. Apart from EOS,which is the only coin in the top 10 registering a modest three percent gain, others made losses. Stellar Lumens leads with a three percent loss in the past 24 hours and chances are it shall add… […]