Archive | July 7, 2018

Cryptocurrencies Are Helping Venezuela’s Poor as Conditions Worsen

A Venezuelan, using the alias “Hector” to protect his identity, has spoken out against the Madura regime illustrating how the country’s poor is increasingly relying on cryptocurrency for survival, writes Bitcoin magazine. As Bitcoin News reported recently hyperinflation is rampant in Venezuela and as a result, Bitcoin trading volume keeps hitting new records each week. […]

Bitcoin Price Weekly Analysis: BTC/USD Could Break $7,000

Key Points Bitcoin price formed a strong support base near $6,450 and jumped higher against the US Dollar. There is a major ascending channel in place with support at $6,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains supported and it is likely to move further higher above… […]

Is Derivatives Trading Harming the Bitcoin Market?

BitMEX, short for Bitcoin Mercantile Exchange, consistently has the highest trading volume for any cryptocurrency exchange by far, such as USD 2.5 billion in volume versus Binance’s USD 1.3 billion on July 5, 2018. However, BitMEX is usually excluded from cryptocurrency exchange ranks because it primarily trades derivative contracts that represent a certain amount of […]

Ethereum Price Weekly Analysis: ETH/USD Eyeing Further Upsides

Key Highlights ETH price traded higher recently and broke the $470 resistance zone against the US Dollar. There is a key connecting bullish trend line formed with support at $465 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to move above the $490 and $500 resistance level to gain… […]

Bitcoin Cash Price Weekly Analysis: Can BCH/USD Recover Further?

Key Points Bitcoin cash price found support around the $700 handle and recovered against the US Dollar. There is a major bullish trend line formed with support at $730 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may dip a few points, but it remains supported near the $730… […]

What Is EnergiToken Cryptocurrency?

It is now common knowledge that excessive energy consumption directly results in a change of global climatic patterns as well as the depletion of natural resources such as petrol and coal. Not only that, activities such as mining and logging are also responsible for the destruction of natural habitats as well as an increase in air and […]

Millions of Bitcoins May Be Lost Forever

Jameson Lopp, a former Engineer for BitGo and the current Engineer for CasaHODL, claims that over BTC 4 million have been lost and over BTC 2 million have been stolen. This suggests that there are much fewer Bitcoins in circulation than the total supply of BTC 17.13 million that have been mined since the genesis block. […]

5 Ways to Accelerate Financial Inclusion Through Technology

One of the main ways of reducing poverty is through financial inclusion. As of last year, an estimated 1.7 billion adults around the world still remain unbanked. This means that they have no access to a savings account, credit, or any type of financial services. In a world where our biggest problems are often what […]