Opinion

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 $286 billion. Bitcoin loses momentum and falls below $10,000 Ethereum value remains above the $260 threshold. XRP ends at $0.28 and continues its bullish attempt to get beyond the $0.30 mark Tezos almost breaks the $4 barrier before dropping at $3.51 Binance goes through unexpected maintenance work. Concerns over the coronavirus continue to impact…

BTC/USD price kept above the $9,350 support. Although the price is currently recovering, it needs to push past $9,825 to initiate a substantial upside. After closing below $9.5k, the price moved further beneath the $9.4k level. However, it later stabilized over the $9,340 and $9,350 marks, forming a swing low close to $9,344 before heading into recovery. Again, studying the pair's hourly chart shows a surge over a contracting triangle whose barrier is about $9,665. Presently, the pair has settled…

Twitter and Square Crypto founder, Jack Dorsey held conversations with Africa's and Hong Kong's internet leading lights. Their deliberations centered on the adoption of Bitcoin in the two regions. Mr. Dorsey provided a snapshot of the conference call he held with Dr. Nii Quaynor and Pindar Wong. Dr. Quaynor and Mr. Wong have track records in establishing and developing internet programs in Africa and Hong Kong respectively. Push For Bitcoin Adoption Jack Dorsey has been a strong Bitcoin proponent. He…

Several perspectives on the role of Bitcoin continue to render many at loggerheads. The joint founder and CEO of Block.One, Brendan Blumer, expressed his thoughts concerning Bitcoin on Twitter. Blummer said the world's largest cryptocurrency is not money and is in no way ever going to be. Responding to a tweet written by Peter Schiff, he added that Bitcoin is the immediate gold generation. He continued to say the purpose of the cryptocurrency is not to get used as everyday…

Charles Hoskinson donated $500k cryptocurrency to the University of Wyoming (Blockchain Research and Development Lab in Laramie) in the past week via Cardano’s research arm. After the donation, the joint creator of ETH and Cardano released an ask-me-anything session on YouTube. Hoskinson elaborated how fast the immediate wave of progress for cryptocurrencies is happening in the financial world. He praised Wyoming as a place to keep an eye on, noting the fantastic steps the state is taking towards the development…

The performance of the BTC/USD pair is thriving in a way that its price started increasing sharply over $9.8k and $10k. The ongoing consolidation could soon see the price rally over $10.2k for an immediate bullish wave. On the previous day, BTC attained a fresh weekly low at $9,483. An upside move began later over barriers at $9.7k and $9.8k. The buyers successfully built momentum over a connecting declining trend line, $10k, and the 100 hourly SMA. Hence, the price…

Two men were apprehended by Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD). Their arrest was due to alleged laundering involving cryptocurrencies worth millions of Euros. The development was revealed in a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested them on the basis of separate cryptocurrency tax evasion investigations, and the agency was able to recover almost 260k in unmentioned cryptocurrencies as well as over 6.6 pounds of gold. Some…

Following the speculation making rounds stating Binance was hacked, the company’s CEO, Changpeng Zhao, disputed the claims while assuring the community that funds on the trading platform are safe. Zhao clarified the issue by showing the error originated from the data transmission issues experienced by one of their partners. He said nothing has interfered with its matching engine and the system is still genuinely corruption-free. Trading has been paused on the exchange’s platform, says the CEO. Binance, named as one…

The Commodity Futures Trading Commission(CFTC) gave their opinion on the ongoing legal battle between telegram and Security Exchange Commision. On February 18, CFTC filed a letter after a New York Southern District Court Judge requested their opinion on the tussle at hand. The dispute is based on the functionality of Telegram’s digital currency, Gram. The letter states that the digital currency should be regarded as a commodity and not a security. Despite the letter getting released by the office of…