Express.co.ukBitcoin price LIVE: BTC slumps despite wider UK investor adoptionExpress.co.ukGood morning and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Another morning of fl…
Bitcoin price LIVE: BTC slumps despite wider UK investor adoption Express.co.uk Good morning and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Another morning of flux for the cryptocurrency market, as prices slipped back into the red for the third day in ...
English Premier League soccer club Wolverhampton Wanderers (Wolves) are playing their season with a first-of-its-kind left sleeve: cryptocurrency exchange Coin Deal’s logo. While plenty of other examples of the intersection between professional sports and cryptocurrency exist, the arrangement between the exchange and the Wolves is a fairly big step in bringing the crypto idea to a […]
English Premier League soccer club Wolverhampton Wanderers (Wolves) are playing their season with a first-of-its-kind left sleeve: cryptocurrency exchange Coin Deal’s logo. While plenty of other examples of the intersection between professional sports and cryptocurrency exist, the arrangement between the exchange and the Wolves is a fairly big step in bringing the crypto idea to a very mainstream audience.
Wolves Lend a Shoulder to Promote Coin Deal Exchange
“Looking back at our trip to Molineux Stadium in Wolverhampton,” Coin Deal recently posted, “where our founder and CEO, Kajetan Maćkowiak, signed the historic document making Coin Deal a very first digital currency exchange platform in the Premier League” meant mainstream exposure for the exchange. “We are proud to be a sponsor of such a big football club as Wolverhampton Wanderers FC!” Mr. Maćkowiak stressed.
Bringing digital assets into such a market just might be what England’s football fans need to onboard into the broader crypto world. According to Coin Deal’s history of the franchise, the Wolves have been in existence since the late 19th century. The 141-year-old club won the 2017–18 EFL Championship. The stadium where the sponsorship was signed has been the Wolves’ home since 1889. “As an exchange,” Coin Deal explained, “that we ourselves would like to use, we want to be close to our users and their needs; we also share the passion for sport.”
The Coin Deal logo appears prominently, pride of place, on the uniform’s left sleeve. An offensive blast, a defensive save, or simply running down the field will be opportunities for soccer fans around the UK to get exposed to a crypto product. According to local media, the team has never worn a sleeve sponsor.
Huge Gesture of Goodwill
“We are well aware of the impact that football marketing can have on a brand and its community,” Coin Deal noted, “especially in an industry such as ours. We truly believe that Wolverhampton Wanderers participating in a competition as prestigious as English Premier League will help to deliver our message globally. It is an exciting challenge for us and we are proud to be the official partner of Wolves!”
The Wolves’ managing director, Laurie Dalrymple, was equally complimentary, praising Coin Deal for “tweaking the colour of their logo to complement our kit, which is a huge gesture of goodwill towards the club and its fans, and something we are very grateful for. Coin Deal is a bold and progressive company, who we believe to be an ideal match to become one of our principal partners, and we look forward to working with them throughout our first season back in the Premier League.”
“It is an incredibly exciting time to be involved with Wolves,” Coin Deal elaborated, “on the eve of their return to the English Premier League and we look forward to supporting them to ensure they continue their incredible performance levels both on and off the pitch.”
Will having a crypto exchange promoted by a sports franchise onboard more folks to crypto? Let us know in the comments section below.
Images via Pixabay, Wolverhampton Wanderers, and Coin Deal.
Be sure to check out the podcast, Blockchain 2025; latest episode here.
Key Highlights Ripple price held the $0.4270 support and recovered nicely against the US dollar. There is a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently declining, but it remains nicely supported near the $0.4350 and…
Ripple price held the $0.4270 support and recovered nicely against the US dollar.
There is a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently declining, but it remains nicely supported near the $0.4350 and $0.4270 levels.
Ripple price jumped higher yesterday against the US Dollar and Bitcoin. XRP/USD is placed in a positive zone as long as it is above $0.4270.
Ripple Price Trend
After a major decline below the $0.4300 level, Ripple price found support near $0.4270 against the US Dollar. The XRP/USD pair formed a base and started an upward move above $0.4400. It even broke the $0.4500 level and the 100 hourly simple moving average. However, it failed to hold gains above the $0.4600 and declined sharply below $0.4500. There was even a close below the $0.4500 level and the 100 hourly SMA.
An intermediate low was formed at $0.4329 before the price moved back higher. It tested the 50% Fib retracement level of the last drop from the $0.4607 high to $0.4329 low. The upward move was capped by $0.4490 and the 100 hourly SMA. The price is again declining towards the $0.4370 support. There is also a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair. As long as the price is above the $0.4370 support, it could bounce back above the $0.4500 level.
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Looking at the chart, the price is placed nicely above the $0.4370 and $0.4270 support levels. Below $0.4270, the price may extend declines towards the $0.4100 level. On the upside, a proper break and close above the $0.4500 resistance is required for more recoveries.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently sliding below the 50 level.
BloombergCrypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin RoutBloombergInvestors piled in even as Bitcoin fell as much as 70 percent from its December peak, many smaller tokens lost nearly all their value, and global equity markets slid on fe…
Crypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin Rout Bloomberg Investors piled in even as Bitcoin fell as much as 70 percent from its December peak, many smaller tokens lost nearly all their value, and global equity markets slid on fears of a trade war. Much of the enthusiasm centered around two big offerings: EOS ...
A sim card hijacking ring led by Joel Ortiz, a 20-year-old from Boston, has allegedly stolen a total of USD 5 million of cryptocurrency from over 40 victims. They used a technique known as sim swapping, which is when a hacker tricks a mobile phone carrier into giving the hacker control of someone’s sim card. …
A sim card hijacking ring led by Joel Ortiz, a 20-year-old from Boston, has allegedly stolen a total of USD 5 million of cryptocurrency from over 40 victims. They used a technique known as sim swapping, which is when a hacker tricks a mobile phone carrier into giving the hacker control of someone’s sim card. This is the first known case of sim swapping involving Bitcoin.
Once the hackers gains control of the sim card, they have full access to the phone, allowing them to steal passwords and break into emails. Much of the cryptocurrency stolen was from breaking into emails, which he used to get into wallets and exchange accounts. 2-FA is the strongest protection for a cryptocurrency wallet, but sim swapping completely compromises 2-FA. Victims reported that their phones went blank once broken into, so they had no idea what was going on. The hacker also sent texts to victim’s family members to extort the victims into sending even more cryptocurrency.
Ortiz targeted wealthy cryptocurrency traders and investors, and it seems he actually went to the Consensus conference in New York to find his marks. Three hacks for millions of dollars of Bitcoin occurred during the conference. USD 1 million of the money stolen was funds from an initial coin offering.
Police managed to track down Ortiz by sending a search warrant to AT&T for a victim’s phone number, which revealed that the victim’s phone number was being used on two phones that Ortiz controlled. Police then sent a search warrant to Google for the information from those two phones, and found searches about sim swapping, a picture of Ortiz’s ID, and other information about his phishing schemes.
Ortiz is currently in jail with a USD 1 million bond. He is facing 13 charges of identity theft, 13 charges of hacking, and 2 charges of grand theft. Police have only been able to seize USD 250,000 from Joel Ortiz so far.
Legally, the mobile carriers may be at fault and liable for damages, since ultimately they are the ones who handed over control of customer’s phones to the hackers.
CoinDeskSquare Sees Profits from Bitcoin Sales Double in Q2CoinDeskMobile payment firm Square said it made $37 million in revenue from bitcoin sales in the second quarter of 2018. The company released an unaudited quarterly financial report on Wednesda…
CoinDeskSquare Sees Bitcoin Sales Profits Double in Q2CoinDeskMobile payment firm Square said it has made $37 million in revenue in the second quarter from its offering of bitcoin sales. The company released an unaudited quarterly financial report on W…
Key Highlights ETH price declined further below $415.00 and traded as low as $407.95 against the US Dollar. There is a crucial bearish trend line in place with resistance near $428 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $428 and $430 resistance levels to gain…
ETH price declined further below $415.00 and traded as low as $407.95 against the US Dollar.
There is a crucial bearish trend line in place with resistance near $428 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has to move above the $428 and $430 resistance levels to gain upside momentum.
Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD is correcting higher towards important resistances near $428-430.
Ethereum Price Upside Hurdles
There were further losses in ETH price below the $420 level against the US Dollar. The ETH/USD pair extended losses below the yesterday’s low at $411 and broke the $410 level. A new low was formed at $407.95 before the price started an upside correction. It moved above the 23.6% Fib retracement level of the last slide from the $435 high to $407 low.
There was also a break above a short-term connecting bearish trend line at $418 on the hourly chart of ETH/USD. However, the price is facing many hurdles near the $424, $426, $428 and $430 levels. There is also a crucial bearish trend line in place with resistance near $428 on the same chart. An immediate resistance is near the 61.8% Fib retracement level of the last slide from the $435 high to $407 low at $425. It seems like it won’t be easy for ETH buyers to break the $428-430 resistance zone in the near term. Above $430, the price may perhaps test the 100 hourly simple moving average, which is currently at $439.
Looking at the chart, the price is showing a few positive signs above $418. However, it must clear the $428 and $430 hurdles for a larger correction. If not, there is a risk of a fresh downside move below $415.
Hourly MACD – The MACD is slightly placed in the bearish zone.
Hourly RSI – The RSI is currently above the 50 level with a minor bearish angle.
Ethereum World News (blog)Bitcoin (BTC) Price Analysis: Are Bulls Ready to Charge Again?Ethereum World News (blog)The 38.2% extension lines up with the swing high around the $8,500 level but stronger bullish momentum could take bitcoin to the 50% exten…
Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib. A bounce from current levels could take it back up to the swing high and beyond. A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in…
Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib.
A bounce from current levels could take it back up to the swing high and beyond.
A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in order.
Bitcoin price has pulled back from its rally and could be due to resume the uptrend if the 38.2% Fib holds as support.
Technical Indicators Signals
The 100 SMA is still above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse. However, the 100 SMA appears to be turning from its climb and is narrowing the gap between the 200 SMA. This could be indicative of slowing bullish momentum.
For now, bitcoin price appears to be finding support at the 38.2% Fib but has yet to show more bullish traction on the bounce. A larger pullback may be in order, possibly until the rising trend line connecting the latest lows and the 200 SMA dynamic inflection point. This is also around an area of interest or former resistance at $6,800 to $7,000.
RSI is already indicating oversold conditions, though, or that sellers are tired and ready to let buyers take control. Stochastic is also pulling up from the oversold region to signal a return in bullish pressure.
BTCUSD Chart from TradingView
Bitcoin price was weighed down by a number of factors earlier in the week, namely news of stricter regulation in South Korea, the outage on HitBTC, and Paul Krugman’s negative remarks on cryptocurrencies.
However, this might not be enough to derail the positive sentiment among most investors as it has been previously reported that institutional interest is picking up. Besides, the dollar could also be under pressure due to worsening trade tensions between the U.S. and China, so alternative assets like bitcoin could be poised to take advantage.
BitcoinistIncreasing Number of Nations Are Competing to Be the Most Bitcoin-FriendlyBitcoinistSeveral countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure c…
Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly Bitcoinist Several countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure cryptocurrency companies to establish headquarters in their respective capitals.
Former soft drinks manufacturer-turned-blockchain development company, Long Blockchain Corp. has received a subpoena from the SEC after a delisting from Nasdaq
Former soft drinks manufacturer-turned-blockchain development company, Long Blockchain Corp. has received a subpoena from the SEC after a delisting from Nasdaq
Week over week, Bitcoin Cash is down 11 percent and compounding this is the four percent loss from yesterday. Now even though this might be negative, BCH prices might find support. When they do, we shall wait for recovery above $850 in line with our overall Bitcoin Cash (BCH) trade plan. From the News After…
Week over week, Bitcoin Cash is down 11 percent and compounding this is the four percent loss from yesterday. Now even though this might be negative, BCH prices might find support. When they do, we shall wait for recovery above $850 in line with our overall Bitcoin Cash (BCH) trade plan.
From the News
After partnering with Bitcoin.Com, the Bitcoin Cash mouth piece, Fuzex has decided to replace Bitcoin with Bitcoin Cash. This comes days after Roger Ver became their main advisor. As a payment platform that will make it possible for every day users to pay for merchandise or service using Bitcoin Cash and a couple of other coins, the team cited inherent qualities found only in Bitcoin Cash as speed, fees and reliability as the main reasons for switching sides.
It’s exactly one year since Bitcoin Cash came to existence after forking off from Bitcoin. Even though the turbulence has been big, still the coin is the fourth largest in the world and enjoy a wide support base. Since inception, it has developed their own infrastructure, forked twice and global adoption is on the rise thanks to their transaction settlement speeds and cheap fees. YoY though, the coin is up 145 percent printing an ATHs of $3,000 in late Dec 2017.
Thanks to smart contract proposition on the Bitcoin Cash network that would be effected via the Omni Layer Protocol, Wormhole-token symbol (WHC) will be available for trading at CoinEx from August 1. WHC will be traded against Bitcoin Cash. Smart contract capability was first proposed by Bitmain and would take advantage of the changes made in the last fork—that of increasing data size carriers and the OP_Return transactions.
All in all, the BCH slide is slowing down and we can see that in the charts. First, and as highlighted in previous Bitcoin Cash (BCH) technical analysis, traders need to watch how prices react at that 12 month support trend line and later at $600.
Overly, bears seems to have an upper hand even in the midst of previous bullish attempts and rejection of lower lows right at the support trend line.
Now, all things constant, we shall remain neutral until after prices edge above $850 or week ending June 24 highs-a bear candlestick which has been confining prices.
Thereafter, traders can initiate positions in line with the new found buy momentum. Conversely, any sells below $600, would mark the next wave of sell pressure.
Technically, Bitcoin Cash is trading within a bear break out pattern and recent gains found resistance at $850. $850 doubles up as immediate resistance and former support now resistance marking the retest level.
Besides the depreciation and price being bound within a bear break out trade pattern, we can also see that BCH is inside a wedge, a bear flag.
In any case, any close below that intra-range minor support trend line will mean initiation of sells with stops at $820 with first targets at $600. If not and BCH find reprieve, then we shall wait for conclusive breaks and close above $850.
On the other hand, conservative sellers should wait for close below $600 before selling on pull backs with first targets at $350.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
English Premier League soccer club Wolverhampton Wanderers (Wolves) are playing their season with a first-of-its-kind left sleeve: cryptocurrency exchange Coin Deal’s logo. While plenty of other examples of the intersection between professional sports and cryptocurrency exist, the arrangement between the exchange and the Wolves is a fairly big step in bringing the crypto idea to a […]
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