BTC

One of the cryptocurrency applications in the world of finance is using digital coins to exchange goods and services.  Both large and some small businesses are starting to incorporate virtual currencies into their payment solutions. Nevertheless, the future use of Bitcoin in firms is somehow uncertain. It is because some of the previous Bitcoin supporters stopped using Bitcoin payments this year. As some of the firms using Bitcoin remained resolute, other firms bowed out shortly.  Adyen and Some Other Firms…

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…

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…

Bitcoin Likely to Surge up to $ 8000 The price of BTC/USD is signaling a bullish continuation of over $7500. Therefore, there is a likelihood of the price to keep surging, and the buyers seem to focus on $8000. After the consultation under the hurdle at $ 7200, the bitcoin price surged over some major resistances close to $7300 and $7400 to begin a decisive move to the upside. Further, the price closed over the hurdle at $7500 and the…

Recently, Bitcoin and the entire crypto markets experienced some turbulent moments. Nevertheless, following the moments, BTC remained within a firm trading range, thereby engaging in consolidation in the previous several days. Analysts say that at the boundary of this trading range, BTC’s price can provide remarkable insight into the direction of this crypto and the entire crypto markets for the first part of the year. At press time, BTC’s price got on the upside by more than 4% at $7440,…

BitcoinBCH, a firm that focuses on BCH, may have recently misled people, making them believe that it is easy to carry out BTC double-spending.  On the 18th of December 2019, the CEO of this firm released a video on youtube. It purportedly showed how the BTC point of sale (PoS) wallet of TravelByBit misinforms merchants to believe that they receive payment before concluding a transaction. TravelByBit on Supporting Double-Spends A representative of TravelByBit said that there is insurance for merchants…

In May 2020, there will be one of the critical events in the crypto space, known as Bitcoin halving, which involves reducing the number of coins for every block issued to miners by 50%.  The coins will get relieved from 12.5 to 6.25, thereby cutting the inflation rate of Bitcoin by half. If the event continues to hold in years to come, it will make sure that there are just 21 million Bitcoins in existence. Therefore, this will help achieve…

The performance of BTC/USD currently is within a positive zone of over $7000. The pair’s price has good support on dips as long as it does not close under $6830. In the third week of December 2019, Bitcoin began a strong recovery wave in the support zone between $6400 and $6500. A look at the 4-hour chart of Bitcoin against the USD reveals that Bitcoin’s price broke some resistances close to the $ 7000 level and 100 SMA.  Additionally, there…