Key Points Bitcoin price failed to hold the key support at $6,590 and declined below $6,500 against the US Dollar. There was a break below a bearish pattern with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure and it seems like it could…
SBI Remit, a Japanese money transfer company, is teaming up with a venture-backed firm to use its new treasury management service that uses the blockchain for increased transparency and liquidity to small and medium-sized businesses operating between Japan and Africa. SBI Remit and BitPesa The service is provided by BitPesa, which has raised $10 million to…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…
While the cryptocurrency markets are sitting well off their year-to-date lows, and Bitcoin is showing increasing stability with major support at $6,000, a Cboe options expert is now claiming that the markets may have yet to hit rock bottom, based on how this rally ultimately ends. As market sentiment is near its all-time low, the…
Key Points Bitcoin price is consolidating above the $6,590 and $6,550 support levels against the US Dollar. There is a short-term declining channel in place with resistance at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to surpass the $6,720 and $6,750 levels to move towards $6,850…
Key Points Bitcoin price traded higher and cleared the $6,580-6,600 resistance zone against the US Dollar. There is a key bullish trend line in place with support at $6,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it could find support near the $6,600…
After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the…
The first ever Bitcoin ATM has arrived in Shropshire, U.K. The machine has been installed in the Red Lion Service Station by Church Stretton-based Bitchains. Bitchains Plans Rural Expansion Before Heading to Major Cities In what is a first for the county of Shropshire, a Bitcoin ATM has been installed at a petrol station in…
The Fair Political Practices Commission, California’s campaign watchdog arm, has voted 3-1 to ban political donations with any cryptocurrency, including Bitcoin, because of transparency issues. The vote follows similar decisions made by other states in the country such as South Carolina. Others, like Colorado and Montana, allow cryptocurrency donations with restrictions. In May 2014, the Federal Elections…
According to “experts”, millennials are more likely to be attracted to invest in Bitcoin or other cryptocurrencies. This seems obvious since they have grown up in a largely digital world, but are they taking dangerous risks with their savings or have they got into the next world-changing technology early? Millennials Less Averse to Technological Innovation…