Weekly Wrap: Bitcoin, Ethereum, EOS and TRX Price Analysis 23rd August

Bitcoin price is facing a strong resistance on the upside near $10,500 and $11,000. BTC/USD could weaken further unless the bulls gain momentum above $10,500 and $10,600. Moreover, most major altcoins such as Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), stel..

Facebook Libra Gets Another Competitor: “Venus” by Binance

Heads turned throughout the cryptoeconomy earlier this year when social media giant Facebook unveiled plans for its Libra stablecoin. Heads are turning again now that the crypto space’s own giant brand, Binance, just revealed its own project Libra-inspired project. Announced on August 19th as an in..

Verified? Leaked Document Might Confirm India Bitcoin Ban Rumors

Over the past few months, there have been rumblings of an all-encompassing cryptocurrency ban set to take effect in India. Reports, which cite regulators and other insiders in the massive Asian nation, have stated that there is a bill that would disallow any citizen from dealing with any decentrali..

Bitcoin Price Rises 1000% in Zimbabwe Following Forex Ban

Zimbabwe’s economy has been in dire straits for many years, forcing citizens to adopt bitcoin and cryptos. Massive hyperinflation brought on by poor government policies has seen many descending into poor living conditions. But like most governments, Zimbabwe is skeptical about cryptocurrency, as it..

BitMEX Hits the Ground Running With Binance Roast After 45-Day Hiatus

Back in July, the chief executive of BitMEX, Arthur Hayes, duked it out with New York University economics professor Nouriel Roubini in a scathing debate. While many say Hayes won, he and his platform quickly went silent on social media, turning two once-active Twitter accounts into seeming ghost to..

Beginner’s Guide to Bitcoin Trading Bots

Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario for traders and even casual investors in the industry. Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the mor..

Bitcoin Less Than $1? Amazon AWS Outage Causes Crypto Exchange Woes

A Tokyo-based outage in the Asia Pacific region of Amazon’s popular AWS cloud computing network wreaked havoc on some cryptocurrency exchanges’ operations on August 23rd. The ensuing chaos let a few traders make off like bandits. Some of the exchanges affected in the episode included Korean exchang..

IRS Sends Out a Warning to 10,000 Cryptocurrency Users About Taxes

Thousands of American cryptocurrency traders are in the middle of being put on notice by the U.S. Internal Revenue Service (IRS). On July 26th, the agency’s newsroom confirmed the tax collecting service had started a mass mailer campaign as part of a bid to educate more than 10,000 American cryptoc..

Bitcoin Cash (BCH) Remains At Risk Of Downside Break Below $300

Bitcoin cash price recovered recently above $320.00 and $330.00. However, BCH is facing an uphill task and it could start a fresh decrease if it continues to struggle bear $335.00-340.00. Bitcoin cash is facing a strong resistance near the $333.00, $335.00 and $340.00 levels. A major bullish trend ..

Bitcoin Billionaires: The Winklevoss Twins Hint at Joining Libra

If you’ve watched “The Social Network”, the semi-fictional story of the founding of Facebook, you know there is clear discourse between chief executive Mark Zuckerberg and founder claimants the Tyler and Cameron Winklevoss (The Winklevoss Twins/The Winklevii). While the story was clearly exaggerate..

Get in touch