After a powerful parabolic rally in the second quarter of 2019, Bitcoin price is struggling to maintain the bullish momentum the crypto asset once had behind it and is currently consolidating in a tightening triangle formation. Following repeated attempts by bulls to take the price per BTC to new highs, the market has turned bearish…
Things are going from bad to worse for the US financial system as it slides ever closer to recession. As bearish signals mount up the Federal Reserve found itself needing to step in again to attempt to rescue what is becoming an increasingly desperate situation. Trump Wants Negative Interest In its second cut in as…
After facing months of lackluster price action, XRP’s bulls have finally awoken and are now propelling the cryptocurrency’s price towards a key region of resistance and it may incur significantly further gains before it slows down anytime soon. This upwards momentum has made XRP a market-leader over the past 48-hours, and a break above its…
Multinational financial services company Wells Fargo has been accused of hypocrisy over its seemingly confused stance on crypto assets. Whereas the firm has previously stated that it does not allow transactions involving cryptocurrency, it now appears that the financial giant is experimenting with its own digital currency. The third largest bank in the US announced…
Throughout 2019 many investors and analysts alike have been looking towards the approval of a Bitcoin (BTC) exchange traded fund (ETF) as a potential catalyst that could spark significantly further gains for the cryptocurrency. Yesterday, however, the ETF application that many within the crypto community had been looking towards as the most likely to garner…
Cryptocurrency exchange giant Binance launched registrations and deposits today in the United States. The popular crypto asset trading venue will be blocked from 13 states and will feature a vastly restricted set of currencies to begin with. With such restricted offerings from one of the planet’s major cryptocurrency exchanges serving the lucrative US market, will…
In a rare move this year the altcoins have taken off today and their big brother has stalled its engine. Specifically Ripple’s XRP and payments token Stellar Lumens are driving the rally as total market capitalization and volume crank higher. Ethereum Strong But XRP Stronger For the best part of this year Bitcoin has been…
Huobi Group, the operators of one of the world’s largest crypto asset trading venues, has announced that it will launch a digital currency exchange in Argentina. The new platform is expected to go live in mid-October. Huobi is moving into Argentina as that nation’s economy once again teeters on the edge of collapse. The government…
Bitcoin price has been trading sideways for the better part of the last three months and is consolidating in what most crypto analysts claim is a triangle pattern. The lack of action in Bitcoin markets has caused traders to seek profits elsewhere and have turned to the altcoin market where a mini-sized alt season may…
Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure. The news left crypto traders dazed and confused and fearing a wider crackdown from the military dominated government. A Dark Day For Thai Crypto September 2 was a dark day for the crypto industry in…