After a series of higher lows above the current support level, Bitcoin looked primed for a move higher. However, a recent drop setting a lower low on daily timeframes has potentially started a short-term downtrend.And according to a trend measuring tool, this drop may have a lot further to go.Bitcoin Sideways May Finally Be Over,…
Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam.How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff?Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency ScamLobbyist Jack Abramoff has been hit with dual charges related to a…
Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
Bitcoin and the aggregated crypto market have flashed some signs of weakness over the past 24-hours, with the benchmark digital asset reeling down to the lower boundary of its long-held trading range in a sharp overnight movement.This latest volatility comes as multiple factors begin stacking up in seller’s favor.One such factor is the resurgence of…
Binance Coin has been consolidating within a narrow trading range. Its price action has been mostly contained between the $15 support level, and the $18 resistance over the past two months.From a technical perspective, the ongoing stagnation phase forced the Bollinger bands to squeeze BNB’s 1-day chart. Squeezes are indicative of periods of low volatility…
Gold this week reached a price not traded at since nine full years ago, fueled by a mad dash to safe-haven assets. Could the same surge in safe-haven interest that gold is experiencing soon translate into a boost in Bitcoin?Gold Targets All-Time Highs After Reaching New Nine-Year-RecordThis week, as economic uncertainty continues to create chaos…
Throughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives. “Speed” naturally became a selling point of many altcoins.That being said, this was not enough to generate any type of investor interest or extreme utilization.One prominent Bitcoin investor is now…
Cryptocurrency exchange Kraken recently announced that they will be acting to strengthen their ties to Switzerland, describing the country as a “kindred spirit” due to its positive approach to regulating and incubating growth within the crypto sector.To build a foundation within the country, the exchange recently began offering support of the Swiss Franc (CHF) while…
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk…
New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto.What are the two powerhouses planning and how might it impact the crypto market in the future?PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto WalletIf you can’t beat ’em, join ’em, goes the saying.…