Coins

Scam Alert: Crypto Gang That Duped People from 22 Countries of $14M Busted in India

August 7th, 2019

A major cryptocurrency gang that swindled over $14M from people from 22 countries was recently busted by the Special Task Force (STF) of Madhya Pradesh in India. According to police officials, the gang had created a fake cryptocurrency and exchange for trading it. Co-founder of the Exchange Nabbed Purshottam Sharma, special director general of the…

Bulls Riding on Bitcoin’s Safe Haven Argument, These Analysts Predict Otherwise

August 6th, 2019

‘Correlation does not imply causation’ is a famous phrase with economic experts and traders. It refers to the discrepancy in the cause that assets classes seem to project at times. Bitcoin’s gains in the last couple of months have been attributed to the US-China Trade War. What led to the debate? Moreover, the recent plunge…

XRPBTC Price Analysis: Ripple (XRP) Range-Bound but Ready to Bounce to $0.4

August 6th, 2019

The main point from the analysis: Defying gravity is Ripple price which is imprisoned in a wide range between $0.30 and $0.34. If XRP plunges below the range support ($0.30), the price could test $0.28 support. The market is currently retracing from the impressive gains seen in the last couple of days. However, defying gravity…

Bitcoin a Remarkable Hedge, Crypto Champions Bet High on BTC While Stocks Plunge  

August 6th, 2019

The crypto king, Bitcoin is likely to hit this year’s ATH (All-time-high) and crypto enthusiasts are betting big on its upcoming price movement. In fact, they are calling Bitcoin a “remarkable hedge” and a “valid macro hedge”. Is Bitcoin a Remarkable Hedge? Bitcoin crossed the $12000 mark on Tuesday with 4.27 percent change over the…

How the US and China are Driving Bitcoin to New Highs, Analysts Weigh-In

August 6th, 2019

Bitcoin [BTC] has continued to trade above $11,500 with traders turning more bullish than ever. Analysts are attributing the US-China Trade war as a prominent reason. Nevertheless, apart from the rising tension, there are a couple of internal factors which seems to be influencing the rise. Brian Kelly, the Founder & CEO of BKCM LLC, noted…

Mastercard Begins Crypto Hiring – Will this Put Libra on Track?

August 5th, 2019

Mastercard posted job openings for 28 crypto-experts as it begins building its crypto team. Mastercard Inc. is a leading Financial Services firm based out of the US. It provides consumer credit, prepaid & debit cards, which connects billions of people around the world to a unified payment system. The firm has decided to establish its Blockchain…

Bitcoin Breaks Above 11,500, Gold Tests Record Highs

August 5th, 2019

Bitcoin [BTC] broke above $11,500 as the bullish momentum in it continued above $10,500 during early Eastern trading sessions. It gained around 6.85%, adding about $600 to its price. The price of Bitcoin [BTC] at 3: 15 hours UTC on 5th August is $11,563. It tested a high at $11,676. BTC/USD 4-Hour Chart on Bitstamp…

Volvo Cars Use Blockchain to Aid Electric Vehicle (EV) Production

August 3rd, 2019

Volvo Cars, based out of China, needs a regular supply of cobalt because of its use in EV batteries. However, the Cobalt was primarily obtained from Congo, which presented a massive social problem for EV users. Statistically, about two-thirds of the world’s Cobalt supply was from Congo. Reportedly, due to the apparent increase in demand…

Grayscale Transfers $2.7 Billion in Crypto To Coinbase Custody

August 2nd, 2019

Top Crypto Asset Manager, Grayscale recently transferred a huge amount in Bitcoin and other largest cryptocurrencies to Coinbase custody. According to the reports, Grayscale’s decision comes as a part of the custodian solution. Nevertheless, Coinbase custody will ensure the security of Grayscale’s largest crypto assets that including; Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar Lumens,…

This Bitcoin [BTC] Demand and Supply Metrics Depicts Post-Halving Situation

August 2nd, 2019

The technical analysis of Bitcoin’s price attributes to its utility as an investment asset. Unlike most other assets, there is a lack of historical data or information to analyze the price of Bitcoin. However, On-chain metrics is an integral part of the analysis, which depicts the real supply and demand. Vinny Lingham, crypto-analyst and entrepreneur…