This morning, BTC price fell just below the $6,000 mark, but it rebounded soon after and even rose to a daily high of $7,418.89. Currently, it is trading at about $6,996.27 as of 1PM EST. As mentioned yesterday, a major support level was established at $7,000, and today’s movement shows that BTC was able to…
The likelihood of crashing to zero isn’t out of context for bitcoin and other digital currencies because they don’t have any underlying value as purely speculative investments. The increasing interest from technology and financial companies in blockchain technologies had lifted cryptocurrency prices last year. Anonymous transactions had also added to the popularity of digital…
Global energy giant Enel has sharply announced that it has “no interest whatsoever” in supplying energy to cryptocurrency mining operations, say Reuters. The decision comes after a brief period of research in which the Italian company was in talks to supply Swiss mining firm Envion AG with power from renewable sources. According to a Bloomberg…
Cryptocurrency panic selling is happening more than ever these past few weeks. The slew of adverse reports for the crypto markets created a broader selloff in prices. Analysts’ fears over the price manipulation were vindicated following the Tether and Bitfinex related controversy. Moreover, regulators all around the globe are stepping up to regulate cryptocurrency trading.…
BTC has now broken down below the $7,000 level, which could be a legitimate sign of concerns for investors right now. However, there are some recent developments that we need to consider before making our next moves: India is looking to crack down on cryptocurrency Major banks around the world have placed bans on credit…
Bitcoin price plummeted below the support level of $8000 for a third time today. The huge volatility in crypto markets wiped off more than $417 billion from the total market capitalization in the last month alone making this bitcoin price plunge one of the greatest yet. Consequently, the broader selloff has pulled back the cryptocurrency prices…
Customers holding credit cards with Bank of America (NYSE:BAC), J.P Morgan Chase (NYSE:JPM) and Citigroup (NYSE:C) are now unable to purchase cryptocurrencies with their credit cards. CNBC was the first to report this news yesterday as all three banks confirmed their ban. A representative at J.P Morgan Chase told CNBC: “At this time, we are…
After a rough couple of days on the cryptocurrency market, it seems that most coins have begun rebounding today. Early Thursday, news broke that India was planning to ban cryptocurrencies. As usual, the media altered what the Finance Minister actually said and scared a group of cryptocurrency investors. Arun Jaitley made a statement saying that India…
To regulate cryptocurrencies or not to regulate cryptocurrencies? That is the question that will be in focus at the next G20 Summit in March. It seems that most countries will have something to say about the regulation of it. In fact, last week UK Prime Minister Theresa May disclosed that the country is going to implicate some…
“Neon District” is the latest crypto game coming to us, set in a dystopian future. “Neon District” is a cross between a role-playing, character development, and trading card game. The Ethereum-based game creates base characters for users to collect, play, evolve, and trade. Every action the player makes in the game will affect the character,…
