Bitcoin

On the 11th of March 2020, Bitcoin tested the $7600 support area and corrected a few points against the USD. The virtual currency is at the $7800 level and stayed under the 100 hourly simple moving average (SMA). Nevertheless, the momentum to climb above the $8000 level was not enough. A daily high formed near $7988 and the price is currently making a downward correction. The $7800 support level broke to start a fresh decline. Bitcoin’s price broke the 61.8%…

Over €110,000 worth of confiscated bitcoin and other Crypto sa are to be auctioned by the Belgian Government. An announcement issued on Friday set this auction's date as the 24th of March 2020 at noon GMT. The duration of the auction shall be 24 hours, being online to enable this. About the Bitcoin Auction For the auction, crypto lots shall range from 0.25 bitcoin to 1 bitcoin. Bitcoin Cash and Bitcoin Gold are the other cryptocurrencies that will also be…

Understanding the difference between Bitcoin, Bitcoin Cash, and Bitcoin SV first requires looking into what hard forks are. Then, they explain how the two latter networks or cryptocurrencies were created from Bitcoin. Blockchain developers forked Bitcoin to create Bitcoin Cash (BCH) the same way they forked Bitcoin Cash to create Bitcoin SV (Satoshi Vision, BSV). So, it is right that BCH and BSV are tweaked versions of BTC. Hard forks are irreversible or permanent changes implemented on a blockchain network.…

On Sunday, BTC saw its worst daily loss since September 2019, declining from $8,900 to $8,000, almost a 10% decline. The decline has continued today, currently trading at $7,705according to CoinMarketcap.  Although the price drop was parallel to a lousy day in trading traditional stock, analysts claim that there could be more factors driving the BTC crash.  For instance, a trader named Kevin Svenson on Twitter claimed that this sudden crash could not be attributed to sell-offs since the market…

Last week, the BTC price initiated a steady rise above the $8700 and $8880 resistance levels against the USD. It gained traction and even managed to rise above the key $9000 resistance. Nevertheless, the price faced a strong resistance close to the $9200 region and the 4-hours simple moving average (SMA). A Look at the BTC/USD 4-Hours Chart The BTC/USD 4-hours chart reveals a critical bearish trend line, with resistance around $8700. However, Bitcoin failed to clear the trendline, $8700 resistance,…

On the 24th of February 2020, Eric Demuth, Bitpanda’s CEO, referred to Bitcoin as Gold 2.0, the better version of gold. He spoke during the Blockchain Economy 2020 conference in Istanbul, Turkey. Demuth also spoke about Turkey as its first expansion hub outside the European Union. It is due to its high demand and other factors such as its geographical size, proximity, and cultural infinity. Comparing Digital Currencies with Precious Metals The Bitpanda Exchange trades Bitcoin and other precious metals,…

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 $251 billion. Bitcoin gets bullish support to move above $9,000 before dropping just below the mark. Ethereum value consolidates around the $230, with its sight set on the $250 target. XRP ends below the resistance level of $0.235 after an impetuous rise of up to $0.245 India finally lifts an RBI ban on cryptocurrency…

Coronavirus is set to impact the cryptocurrency market for the foreseeable future. The jury is still out on how quickly Bitcoin and other digital assets will recover from the current viral outbreak in the long run. However, we can get a glimpse into the future if we look into how other epidemics affected global financial markets. How much do widespread diseases derail markets, and will Covid-19 infect Bitcoin? We aim to give a preliminary assessment of the Coronavirus's potential impact…

Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million.  Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933.  More Details on Why the Investor Sued Canaan…