Opinion

At the start of December 2019, the one week chart of Bitcoin revealed an outrageous bullish sign. That is, the 50-week SMA crossed the 100-week SMA, known as a Golden Cross. A golden cross means that buyers are in charge. The same golden cross signal appeared before the over 1000 % upsurge that ensued between 2016 and 2017. Despite the long-term bullish signal, some renowned analysts highlighted BTC’s susceptibility to a last move to the downside before an ultimate return…

The cryptocurrency industry is experiencing challenges from governments and regulators. A renowned internet entrepreneur, Kim Dotcom, recently forecasted a massive crackdown within the United States cryptocurrency industry. Dotcom warned that cryptocurrency might become illegal in the US. The regulatory agencies in the US are keeping a close leash on the cryptocurrency industry in the country. However, Bitcoin, to be specific, is facing the most scrutiny than praise in the country. Kim Dotcom is the founder of Megaupload and hugely supports…

An Ethereum Classic Network hard fork, known as Agharta, is forthcoming. This hard fork will consist of Ethereum Constantinople fork features. Similarly, the hard fork intends to achieve complete compatibility between ETC and ETH. As per the 26th of December press release, ETC labs confirmed its agenda to achieve complete compatibility. According to Terry Culver, Ethereum Classic Labs is one of the first incubators to support innovative projects on the  Ethereum Classic Blockchain. The compatibility between the ETC network and…

On the 25th of December, crypto market participants focused on Vitalik Buterin to fear his plans to sell Ethereum worth 25 million USD. As per Etherscan on the 25th of December, an aggregate of 92k of Ethereum, currently equivalent to 11.5 million USD, moved from one wallet to the United States exchange Kraken. ViewBase tweeted about the wallet containing more than 300k ETH before the transaction. Similarly, the same wallet received the majority of its content from Buterin for many…

Recently, Binance Exchange confirmed the addition of new XRP and ETH fiat pairs to its platform. The exchange will support three fiat pairs with Turkish Lara (TRY) that feature ETH, XRP, and USDT. Additionally, Binance users can now trade USDT against the Russian Ruble (RUB). In December of 2018, Binance added XRP as a base currency and renamed its ETH market to ALTS markets. Last month, the Turkish Lara got added to the crypto exchange, and Binance only allowed its…

The American Cancer Society (ACS) is a nationwide non-profit organization that focuses on eliminating cancer.  ACS is currently accepting donations in Bitcoin through the cryptocurrency’s payment processor, BitPay. Brant Woodward, the ACS vice-president, pointed out that cancer affects people of all walks of life. Therefore, there is no shame in asking for support from a broad cross-section of donors. Brant also noted that the ACS’s mission is urgent, and it needs donors’ help to accomplish its objective. BitPays Donations Statistics…

Bitcoin saw a downward correction from the $ 7700 resistance area against the USD on the 24th of December. The cryptocurrency traded below $ 7400 and $ 7300 support levels. Further, it is striving to stay above the $7260 support and the 100 SMA. More losses occurred, and the price traded close to $ 7160 support. A low got formed close to $ 7160, and the Bitcoin price is currently consolidating losses. A short-term contracting triangle with resistance near $7250…

NASAA is an American organization that deals with global investor protection. Recently, the organization revealed that crypto investment is among the top five investors’ threat in 2020. This report got collected through a survey of the state and provincial securities regulators within the US, Canada, and Mexico. These American organisation relied on investors’ complaints, current investigation, and regulatory trends to predict the leading investor threats in 2020. The other top areas of concern are promissory notes, real estate investments, Ponzi…

The price of the BTC/USD pair has returned to the major support zone at $7,200. The price is currently encountering several resistances close to $7,400 and $7,500. On the previous day, the price rose strongly over the hurdle at $7,500. Further, the price surged over $7,600 and the 100 hourly SMA. Notwithstanding, the buyers tried to obtain traction over $7,680 and $7,700. They attempted to break through the hurdle at $7,700, but the sellers could defend additional upsides. Hence, the…