Cryptocurrency Analysis and News Portal
According of a research report from BitMEX, the largest cryptocurrency margin trading platform in the global market, the usage of the lightning network on bitcoin has surpassed expectations.More than 60,000 lightning network non-cooperative channel closures were recorded, and around 6,000 BTC were spent for closure transactions.The lightning network is a
Read More
A strict new regulatory regime is dawning upon European firms handling cryptocurrency.Friday marks the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5. The new rules require crypto exchanges and custodial service providers to register with their local regulator, and demonstrate compliance
Read More
Bitcoin could establish a new all-time high above the $20,000 level in 2020 as it hits crossroads with a bias-defining indicator.The benchmark cryptocurrency’s latest move uphill prompted it to retest its 20-weekly moving average on Wednesday. The technical indicator is conclusively accurate when it comes to defining bitcoin’s long-term trends.
Read More
Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854.Other major cryptocurrencies also made similar moves in price, with Ether (ETH) regaining $130 having traded as low as $125.50 and XRP reclaiming $0.19 having
Read More
Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival (eVOA).Thailand’s new blockchain-powered eVOA system intends to speed up and protect the digital visa application process and will soon be available for five million visitors from 20 countries.eVOA operator partners
Read More
The price of gold jumped on Wednesday after two happenings in the monetary sector affected the ongoing market direction. The first is the inflation rate. The U.S. Bureau of Labor Statistics said on Wednesday the U.S. consumer inflation rate grew by 2.1% in September.The second one is considering the interest
Read More
Ethereum is still facing resistance near the $155 and $156 levels levels against the US Dollar.The price is likely to make a sustained move higher once it breaks the $156 resistance.There is a key declining channel forming or a bullish flag with resistance near $154 on the hourly chart of
Read More
Ripple price is trading nicely above the $0.2200 and $0.2180 support levels against the US dollar.The price is likely to accelerate gains if it breaks the $0.2300 resistance area.There is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP/USD pair (data
Read More
“Now that we're public, we have more efficient access to capital to support our growth,” Silvergate Bank CEO Alan Lane said in an interview. Source
Read More
Ethereum is currently correcting higher from the $172 support against the US Dollar.Bitcoin price is also correcting higher, but it is likely to face resistance near $8,250.There was a break above a declining channel with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken).The price is
Read More