Archive | virtual currency

Bitcoin Cash Price Analysis: BCH/USD Surging Higher

Key Points Bitcoin cash price gained traction and moved above the $760 and $780 resistances against the US Dollar. There is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is in a major uptrend and it is likely to… […]

Russia Whitelists 50 Crypto Companies, but Rules Still on Hold

A register of 50 whitelisted companies has been compiled by the Russian Association of Cryptocurrencies and Blockchain, reports The list of companies, consisting of firms which are either approved and awaiting verification by the Russian regulators, includes cryptocurrency sectors from crypto mining to ICOs. Russia is currently consumed with regulating the industry, in a […]

NEM Strengthens Regional Foothold with Two New Blockchain Hubs in Australasia

Creators of the XEM digital currency NEM have announced that the company is to open two blockchain hubs in Australia and New Zealand. The Australian hub will be located in Brisbane at Fortitude Valley and its New Zealand counterpart will be established in Westport. NEM Foundation’s director for Australia and NZ, Jason Lee, said that […]

$6 Trillion Asset Manager BlackRock Explores Crypto Potential

Asset managing giant BlackRock is rumored to be considering moves into cryptocurrency, writes Cryptoglobe. Citing a report in the Financial News, the company, which is the world’s largest asset manager with assets under management of over USD 6.3 trillion as of November 2017, is said to be putting together a team of experts in the field […]

London Mosque Exceeds Ramadan Crypto Donations Target

A London mosque has announced that it has successfully reached and exceeded its target of donations over the Ramadan period which consisted mainly of cryptocurrency, according to Bitcoinist. Bitcoin News reported in May that the first mosque for Turkish Cypriots in the UK, the Masjid Ramadan, had decided to accept Ethereum in order to carry out […]

Latest Report Shows US at Top of Most Favorable Countries for ICOs

The US has been ranked as the “most favorable” country for Initial Coin offerings (ICOs) according to a recent report linked to the Crypto Finance Conference, writes Cointelegraph. According to the report, figures show that the US has seen 30 crypto start-ups launched, along with Switzerland and Singapore in the top three with 15 and […]

Bitcoin Cash Price Weekly Analysis: Can BCH/USD Break This?

Key Points Bitcoin cash price tested the $650-660 support area and recovered against the US Dollar. There is a crucial bearish trend line in place with resistance at $710 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the trend line, $710 and $730 resistances to… […]

National Bank of Slovakia Illuminated by Massive Bitcoin Sign

Slovakian banks including the country’s central bank found themselves advertising Bitcoin on July 11th as a giant icon was illuminated on the exterior of banking institutions around Bratislava. A local action group, an arm of Czech crypto group Paraleni Polis, were responsible for the giant batman style logo which advertised the coin. The group, which […]

Bank of Queensland Rules out Crypto Purchases Using Mortgage Equity

The Australian Financial Review has reported that the Bank of Queensland will prohibit its customers to use loan equity to purchase cryptocurrency. The Bank of Queensland, one of Australia’s largest banks, which is publicly traded on the country’s stock exchange, has made the move as it believes recent crypto price instability has made amendments to […]

Bitcoin Cash Price Analysis: Can BCH/USD Break 100 SMA?

Key Points Bitcoin cash price declined further, but it found support near the $660 level against the US Dollar. This week’s highlighted key bearish trend line is still in place with current resistance near $718 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must break the trend line, $720,… […]

Why This Early Uber Investo Bought Bitcoin at $1 in 2009

Jeffrey Wernick, an independent investor, explains why he started to invest in the early stages of the cryptocurrency market. Jeffery Wernick – The Anti-Centralization Investment Figure   Jeffrey Wernick is a sixty-two year old investment guru that fell in love with economics and investing at a young age, gaining interest in the industry during high school. His first… […]

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $680

Key Points Bitcoin cash price remained in a range and consolidated above the $680 support against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with current resistance near $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses as long… […]

Coinbase Maintains Optimism Despite Recent Popularity Slide

Crypto exchange giant Coinbase is reported to have recorded a decline in popularity over the past month, according to Ethereum World News. The downturn in business correlates to a decline in app downloads since the recent fall in the global cryptocurrency market, where prices have suffered a 70% drop over the past six months. The […]

Bitcoin Still Best Bet, Says Wall St Crypto King

Bart Smith, Wall Street’s very own ‘Crypto King’, has said in an interview on CNBC’s Fast Money that Bitcoin is still the best option for crypto traders. Smith, who launched a crypto desk which buys and sells millions of dollars in Bitcoin and other cryptocurrencies, maintains this is primarily because people are out there using it. […]

Malta Double Dips with World’s First “Convertible” ICO and New Blockchain Degree

Malta-based company Palladium is to launch the world’s first “initial convertible coin offering” (ICCO) with two partners including Bittrex, writes Cointelegraph. An ICCO is a different concept to an ICO as in this case investors will have the option to convert their assets into company shares in the future. Palladium has stipulated a three-year wait […]