Coins

Bitcoin Price Logs $12750 – Here’s Two Prominent Reasons Backing it

July 9th, 2019

Bitcoin’s price rose bullish again late on 8th July 2019 as it broke above $12,000 psychological level. The price gained 7.2% in less than 12 hours; it rose from $11890 to record a monthly high of $12750. While technical analysis of Bitcoin has a strong bullish penchant, Monday’s move can be attributed to regulatory progress…

China Aims To Create A Cryptocurrency Using WeChat, Will They Lift Their Ban On Crypto?

July 8th, 2019

The People’s Bank of China (PBoC) is reportedly considering to create a cryptocurrency for their 1.1 billion active monthly WeChat users. According to a report made by South China Morning on Monday, China is looking to review its almost two years ban on cryptocurrencies in the region. The news came after China reportedly went against…

Top Crypto Exchanges Set Up Bitcoin Lightning Network Nodes

July 8th, 2019

The Lightning Network (LN) is a second layer scaling solution that was initiated along with the SegWit implementation in late 2017. While it has failed to gain mainstream use, the lighting network (LN) is currently the only plausible scaling solution that will be able to reduce the transaction fee and enable instantaneous transactions. The top…

Bitcoin Price at Critical Point, Analysts Suggest Break-Out Levels

July 8th, 2019

Bitcoin is continuing to hold support above $11,000 and rose steadily during the weekend to gain about $400. The price of Bitcoin at 4: 15 hours UTC on 8th July 2019 is $11.419. It is trading 3.63% higher from Friday. According to Tone Vays, Bitcoin is looking strong for a reversal but it is still…

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin?

July 8th, 2019

On Sunday, Deutsche Bank announced that it would soon make significant cutbacks to its investment bank unit. Reportedly, about 20000 employees could lose their jobs in their process. On Friday, 5th July, the head of Investment Banking, Garth Ritchie, also announced his departure from the firm. New York and London offices of the largest Germany’s business…

Facebook’s Libra Likely To Increase Overspending In Consumers: Bruce McClary

July 7th, 2019

McClary, vice president of communications for the National Foundation for Credit Counseling during an interview on Friday has explained how much likely it would be for Libra to part its consumers from their money more easily than they think. According to Bruce: “For a number of users, that ease of access for a tool that…

Regulation: US Legislators Debate New Crypto Rules

July 7th, 2019

A bipartisan group of 20 US legislators in Washington has requested the Internal Revenue Service (IRS) to update its 2014 guidance on cryptocurrencies. The new update is expected to be made in the coming weeks. In this new development, legal issues relating to the adoption and use of cryptos are particularly a point of interest,…

SEC Demands Blockchain Data From Providers To Improve Compliance, And Inform Policy

July 6th, 2019

The U.S. Securities and Exchange Commission (SEC) is not backing down on its blockchain data policies. Like a body which has been very pessimistic about blockchain efficiency and feasibility, SEC is now looking to narrow down its pessimistic approach towards the ecosystem and this time, how much data actually exist on the various blockchain is…

Dogecoin Price Analysis: DOGE Forms A High Low Pattern After a 35% Rise;

July 6th, 2019

Dogecoin defied the bear pressure on the market on Friday to record formidable gains. The ballistic rise mainly driven by the news of listing on the largest exchange by adjusted daily trading volume, Binance. The listing on Binance comes barely a couple of months after Coinbase added it to the user-controlled wallet (non-custody wallet). Prior…

CME Exchange Might be Prepping for Ethereum Futures Market Launch: Report

July 6th, 2019

CME (Chicago Mercantile Exchange), has announced changes in its pricing data source for its Ether [ETH] based indices on the Exchange. CME is one of the largest platforms for trading regulated Bitcoin futures in the US. Recently. It also surpassed the all-time high daily trading volume above $1.7 billion. The Exchange has added New York-based…