According to Ross Ulbricht, best-known for creating and operating the darknet market website Silk Road, Bitcoin’s price is headed downward. Using the Elliot Wave Theory for his analysis, Ulbricht believes that there might be more pain ahead, taking the price significantly lower. In a detailed blog post, Ross Ulbricht, the founder of the infamous Silk…
This week’s headlines from Japan included GMO Coin unveiling Basic Attention Token (BAT) lending, Nitori using blockchain for furniture logistics, blockchain solution outfit, Ginco, receiving funding from DBJ Capital, Japan’s stay at home order impacting crypto businesses, and a representative from the Japan Restoration Association questioning crypto taxes. Check out some of this week’s crypto…
With Bitcoin’s halving arriving next month on May 11, 2020, the expectation across the world of crypto has long been that the valuation of the first-ever cryptocurrency would skyrocket, but last month’s catastrophic selloff has some questioning the theory. However, according to historical data, Bitcoin price is currently on pace with where the crypto asset…
The economic impact from the COVID-19 outbreak is even hitting crypto scammers, forensics firm Chainalysis found. Research out Friday shows profit made through cryptocurrency scams has dropped considerably since the start of the year. On a seven-day moving average, revenue earned by scammers plummeted from $800,000 worth of crypto in the middle of January to…
Although Bitcoin has stalled dramatically since February’s $10,500 peak, data shows that large cryptocurrency investors have been unfazed. So unfazed, in fact, that they’ve begun to accumulate more and more BTC, stacking coins in seeming preparation for a bull run. Data shared by crypto analytics provider Glassnode on Apr. 9 indicates that the number of…
/ 10 Apr 2020 A new credit line worth several hundred billion euros (potential) has been approved last night, along with new pledges for a more relaxed attitude toward fiscal injections in the EU … / 10 Apr 2020 Several Bank of America executives discussed the future of digital payments, confirming the bank’s partnership with…
ETH/USD has been in a downtrend since the crypto-bubble burst in early 2018. ETH/USD bear trend remains intact as sellers are eyeing a break below $100. Ethereum has been declining steadily after the crypto-bubble burst in early 2018. ETH/USD is trading below all its main weekly SMAs as bulls are holding on with the skin…
It has been an incredibly volatile year for Chainlink, with the highly bullish crypto rocketing to fresh all-time highs in early-March before it lost its momentum and found itself caught within a firm downtrend that led it to erase some of its recent gains. It is important to note that the crypto is still trading…
Even though the price is now just barely below the $7,000 mark as of press time, it was the lowest that BTC has dipped since April 6. Some analysts are of the view that Bitcoin is not out of the woods yet and could head lower into its third halving next month before eventually hitting…
The past few years have not been kind to Ethereum, with the cryptocurrency finding itself caught within an intense downtrend that led it to plummet from early-2018 highs of over $1,400 to lows in the $80 region. This intense selloff has left a trail of proverbial “bag holders” in its wake, with the vast majority…