Opinion

On the 14th of December 2019, a Bitcoin video went viral on Tiktok, a video-sharing social platform, for the first time. It then followed the mentioning of Bitcoin by various high profile individuals and companies. Crypto trader Thomas Schulz shared the viral video on Twitter. This video showed a room full of mining equipment, with a caption, “this is why GPU prices went up.” High Profile Individuals and Companies Mention Bitcoin Not long ago, media mentions of Bitcoin reduced, leading…

Currently, the BTC/USD pair is trying to overcome the hurdle of $7200. Additionally, the dominant coin is not safe from a drop under the $7000 support level. Not long ago, the BTC/USD’s price dropped to under the support zone of $7080. Furthermore, the price gave way for a level below $7200 and the 100 hourly SMA. Its support got visited at $7000, creating a new low in the month at $7008. Currently, Bitcoin is in consideration of losing its control…

Recent reports have laid out that China's smart courts use various innovative technologies that include blockchain and artificial intelligence (AI) in deciding numerous legal cases. A report by The Xinhua news agency on December 5 stated that blockchain and smart internet courts powered by AI were used to settle over 3.1 million Chinese litigation activities between March and October 2019. With non-human, virtual judges powered by AI, appearing in court will be a thing of the past as time goes…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $194 billion. Bitcoin is slowly descending towards the $6,000 barrier. Ethereum may end the year below $140 after bears regain control from the bulls. Ripple is trading in the red by some 0.50% and moving towards $0.20 Litecoin's value is dropping towards its fourth consecutive session in the red as it nears $42 Crypto…

The price of ETH/USD has been struggling for recovery and correction to the upside. In the previous week, the price went under the support levels at $144 and $142. It continued to the downside under the support level at $140 support, thereby forming a fresh low in the month close to $139. Later, it was able to retrace to the upside over the hurdle at $142. Nevertheless, there was a capping of the move to the upside by the hurdles between…

Every market has indicators on the progress and expected trends and technical indicators are suggesting that another big move on the crypto market is underway. However, the direction of this move is a curiosity for everyone. These suggestions are occurring since the Bitcoin market has not experienced any major move over the past days or so.  A slump that has been happening throughout the week resulted in the coin declining 6% to bottom out at $7,100 on Thursday. Since then,…

In a blog post published on December 12, SendFriend noted it uses the technology of Ripple in saving up to 80 percent in remittance fees. SendFriend is a startup into money transfer based on blockchain. It utilizes xRapid, a product of Ripple. The product provides cross-border payments, converts between the USD, XRP, and Philippine pesos, and prevents conventional banking systems' time-consuming process. The focus of the startup's money transfer app is the reduction in yearly remittance fees for cross-border Filipino…

Crypto exchanges worldwide are delisting privacy coins for legislative reasons, which is having pressure on the asset class downwards. For example, Estonia-based BitBay announced Monday that Monero (XMR) would no longer be tradeable from Feb. 19, 2020, for compliance reasons, while XMR/BTC price maintains bearish undertones, resembling a falling knife. This is happening in parallel to the “Crypto Spring,” where alt-coins across the board see bullish price action. With Bitcoin dominance steadily declining 2.7% in the last 3 months and…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $203 billion. Bitcoin recovers from the $7,200 slump, but it struggles to get over the $7,500 barrier. Ethereum loses ground in its battle with the $150 hurdle. Ripple follows the market’s downtrend with a loss. Litecoin loses the $50 support and retreats towards the critical $38 level. Crypto Trends 2nd- 8th Dec 2019: PERFORMANCE…