Bitcoin Cash Analysis: Primed For More Losses Below $300
Feb28

Bitcoin Cash Analysis: Primed For More Losses Below $300

Bitcoin cash price declined heavily below the $360 and $350 support levels against the US Dollar. The price tested the $300 support area and it is currently correcting higher. There is a short term ascending channel forming with support near $318 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down below the $315 and $300 support levels in the near term. Bitcoin cash price is trading...

Read More
House Committee to Hold Hearing on Benefits of Blockchain
Feb28

House Committee to Hold Hearing on Benefits of Blockchain

The Committee on Small Business will hold a hearing focused on the benefits of blockchain technology next week. Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact on small businesses. The Committee on Small Business will hold a...

Read More
Coinbase Has Tested Clearview Facial Recognition Software
Feb28

Coinbase Has Tested Clearview Facial Recognition Software

Major U.S. crypto exchange #Coinbase was one of hundreds of companies discovered to be testing #Clearview facial recognition technology. Coinbase, the U.S. cryptocurrency exchange boasting over 20 million views per month and over 30 million total accounts, has tested Clearview AI facial recognition technology according to a BuzzFeed News report. However, Coinbase has denied that the test involved customer data. The controversial...

Read More
Bitcoin is Recovering, But This Key Data Shows Bears Are Still Well in Control
Feb28

Bitcoin is Recovering, But This Key Data Shows Bears Are Still Well in Control

Bitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline. Bitcoin is showing signs of a short term upside correction from $8,512 against the US Dollar. The bears are still in control unless there is a clear break above $9,000 and $9,200. There is likely a bearish flag forming with support near $8,735 on the hourly...

Read More
Cybersecurity Company Kaspersky Debuts Blockchain-based Voting Machine
Feb27

Cybersecurity Company Kaspersky Debuts Blockchain-based Voting Machine

Kaspersky unveiled a prototype of a new machine which allows voters to check that their votes have been recorded. Blockchain voting is gaining more traction in the United States despite the abysmal failure of mobile voting at the Iowa Democratic Caucus earlier this month. Companies on the forefront of blockchain technology realize the potential of the products they are developing to not only transform the global economy, but also the...

Read More
Ripple (XRP) Above This Crucial Breakout Zone Could Spark Massive Rally
Feb27

Ripple (XRP) Above This Crucial Breakout Zone Could Spark Massive Rally

Ripple started an upside correction from the $0.2220 support area against the US Dollar. XRP price is now testing $0.2450 and it must surpass $0.2500 for a fresh rally to $0.3000. Ripple price is currently recovering above the $0.2320 and $0.2400 levels against the US dollar. The price is now facing a couple of key resistances near $0.2450 and $0.2500. There is a major bearish trend line forming with resistance near $0.2430 on the...

Read More
Ethereum Recovers 8% But Here’s Why ETH Could Dive Again
Feb27

Ethereum Recovers 8% But Here’s Why ETH Could Dive Again

Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline. Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar. The price is still facing a lot of key hurdles near the $240 and $242 levels. Yesterday’s major bearish trend line is intact with resistance near $240 on the hourly chart of ETH/USD (data...

Read More
Sally Ho’s Technical Analysis 28 February 2020 BTC ETH
Feb27

Sally Ho’s Technical Analysis 28 February 2020 BTC ETH

Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair receded to the 8667.69 area after trading as high as the 8972.92 area during yesterday’s North American session.  The pair traded as low as the 8520.00 level during yesterday’s Asian session, its weakest print since late January.  Sentiment has steadily eroded after the pair peaked around the 10522.51 area in mid-February, with retracement rallies higher becoming...

Read More
This Highly Bearish Volume Trend Spells Trouble for Bitcoin
Feb27

This Highly Bearish Volume Trend Spells Trouble for Bitcoin

Following the incredibly bearish selloff witnessed by Bitcoin and the aggregated crypto market yesterday, buyers have stepped up and supported the markets, allowing BTC and most other altcoins to put some distance between their recent lows. The market’s ability to establish some strong support above its recent lows seems to suggest that the ongoing selloff may ultimately prove to be fleeting, as BTC is now inching back up to the...

Read More
Readying the Blockchain Industry for the Next Wave of Adoption
Feb27

Readying the Blockchain Industry for the Next Wave of Adoption

The blockchain industry grows every year, but is the industry ready to accept new players and how could it possibly change the space? Who knows what’s responsible for the current bull run? It could be the upcoming halving, it could be the Chicago Mercantile Exchange’s debut of institutional-grade crypto-backed options, or it could even be the coronavirus. Whatever the reasons, it seems safe to say that the crypto winter is well and...

Read More

Whales Double Down on Tezos Cryptocurrency Amidst Retail Driven Selloff
Feb27


Whales Double Down on Tezos Cryptocurrency Amidst Retail Driven Selloff

The cryptocurrency known as Tezos has been the shining star of the altcoin market over the last two months, rising over 200% in value since the start of the year. But a nearly 40% crash over the last week has cut the rally back down to size. However, large players have been buying the Tezos sold by retail investors during the recent crash, according to delegator metrics found on Coinbase Custody. Are these whales preparing for another...

Read More
Bitcoin Mining: How Energy Prices are Impacting Mining
Feb27

Bitcoin Mining: How Energy Prices are Impacting Mining

Both 2018 and 2019 have been well known in the space and for a lot of reasons. The whole mining industry nearly stopped in 2018 because of multiple different factors. Both 2018 and 2019 have been well known in the space, and for a lot of reasons. The incredible crypto highs and depressing crypto lows are just a few of the reasons.  One thing that has remained consistent through the years though, is the fall in the profitability of...

Read More
Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets
Feb27

Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets

Bitcoin price managed to briefly reclaim the 200-DMA but shrapnel from collapsing equities markets appears to be weighing on crypto prices. Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a...

Read More
Revolut Will Make Crypto Available in 50 States
Feb27

Revolut Will Make Crypto Available in 50 States

Revolut will launch its crypto offering to US customers in all 50 states, taking on Square’s Cash App.   Revolut is coming to the smartphone near you with an array of cryptocurrencies before tax day. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintechs in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing....

Read More
It’s in Bad Shape, but BTC Still Has Loyal Fans like Robert Herjavec
Feb27

It’s in Bad Shape, but BTC Still Has Loyal Fans like Robert Herjavec

No matter how badly bitcoin seems to do, the cryptocurrency always has a long list of loyal followers that will never turn away from it. One such follower is Robert Herjavec, founder and CEO of the Herjavec Group. Herjavec Loves Him Some BTC Recently, Herjavec commented that bitcoin isn’t doing too well because of things like the coronavirus, which is spreading fear across the globe. However, he says that one of the currency’s biggest...

Read More