In summary: Bitcoin is once again battling to break the $10,000 resistance level. BTC has been highly correlated to the traditional markets since the Coronavirus crash of March 2020. Its correlation with the S&P 500 has started to drop. In the last 48 hours, Bitcoin (BTC) has pulled a fast...
Quick take: VISA has applied for a patent that would facilitate the creation of digital fiat currencies on the blockchain. The application mentions Ethereum (ETH) several times leading many to believe that it will be the choice platform for VISA. Less than a day ago, a new patent application from...
Quick take: XRP/USD has been in a falling wedge since September 2018. $0.12 – $0.15 support zone held in March 2020. This is the same support zone seen in mid-2017 before the massive bull run that followed. If the falling wedge resolves, XRP could go as high as $0.77. Popular...
In brief: The critically acclaimed author of the Harry Potter series, J.K Rowling, tweeted that she would like to understand Bitcoin (BTC). Crypto twitter responded with numerous explanations. A fake twitter account mimicking the author claimed to have purchased BTC. In the end, J.K Rowling still did not understand Bitcoin....
In brief: The Litecoin Foundation has announced a partnership with the legendary videogame company of Atari. LTC will now be accepted as a means of investing in the Atari token to be issued in September 2020. Additionally, LTC will become a payment option for purchasing the new Atari VCS gaming...
In brief: 50 BTC from February 2009 just moved. The movement of the 50 BTC was split into two transactions. Some say it belongs to Satoshi or his closest associates. Others believe that it is an early miner who just found his bags. Bitcoin dropped by 4.5% around the same time...
In brief: The Crypto communities on WhatsApp can now tip each other using the NANO Tipbot. The tip bot provides an avenue for members of WhatsApp groups to reward each other on the messaging App. The tip bot has the potential of introducing the feeless digital asset to WhatsApp’s 1.6...
In summary: Bitcoin’s sell-off from yesterday has continued. A crypto-wide sell-off has seen Ethereum battling to maintain the $200 psychological level. The 200 Day moving average still provides a level of hope for ETH. Yesterday’s news of the movement of 50 Bitcoin (BTC) from the early 2009 Satoshi era, caused...
In brief: The Ethereum Classic hardfork will happen around the 1st of June at block number 10,500,839. No new coins will be minted during the network upgrade. However, ETC might just rally to its local top of $7.80 experienced in early May. The Ethereum Classic (ETC) upgrade known as Pheonix,...
Quick take: The Co-Founder and CEO of Bitmex, Arthur Hayes, has just published his most recent crypto digest. In the extensive post, Mr. Hayes explained that Paul Tudor Jones owning Bitcoin will remove career risk from fund managers owning Bitcoin risk. In one swift decision, Paul Tudor Jones normalized fund...
In brief: Raiz Invest, an Australian leading micro-investing app, is now offering investors exposure to Bitcoin (BTC) through its Sapphire portfolio. BTC has an allocation of 5% on the Sapphire portfolio. The Bitcoin will be traded and stored with the Gemini Exchange. The team at Raiz Invest recommends a minimum...
In brief: Ripple CEO, Brad Garlinghouse, has requested US regulators to step up and lean into digital assets. The current complacency by US regulators concerning digital assets will set back the United States as China leads the way in embracing crypto and digital fiat payments. Users of XRP want to...