Cryptocurrency Analysis and News Portal
Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s first fully electric car, the XC40 Recharge, Volvo has come up with a new business strategy that includes introducing
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A zoomed out version of the bitcoin chart shows it would take the cryptocurrency another 365 days to achieve a full-fledged upside breakout.Brought to notice by Teddy Cleps, a prominent cryptocurrency analyst, the weekly Bitcoin chart shows the possibility of it forming a massive bullish pennant. In retrospective, a Pennant
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Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold. Is Bitcoin now out of the
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In recent news, Thomas Lee, the co-founder of Fundstrat, tweeted a reminder to all the crypto enthusiasts and traders that the majority of Bitcoin gains come from the rule of 10 best days.While today the crypto markets are starting to look a little alive and is seeing a somewhat green
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Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached their historical support levels and are printing fresh lows on an
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Over the past month, we have seen the IRS, the tax collecting agency of the United States, send out more than 10,000 warning and action letters to suspected cryptocurrency holders and traders who may have misreported digital assets on their tax returns. Letters like the 6174-A, 6173 and CP2000
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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not
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Bitcoin price is at risk of falling from the current trading range and is hanging by a thread at $9,600 after repeated attempts to hold above $10,000 failed.And while a rebound from here cannot be ruled out, Bitcoin price was rejected by high timeframe resistance dating back to the previous
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Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks.The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME
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