Analysis

Advertisement Bitcoin price on Wednesday consolidated sideways against the US Dollar, rangebound between two critical levels defined by $6,200 and $6,400. The BTC/USD kickstarted the day forming lows towards 6316-fiat. The early Asian trading session saw the pair attempting a moderate upside rebound towards 6400-fiat. However, a considerable selling pressure around 6384-fiat, September 11 peak,
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The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors. According to a news release published Tuesday, the board’s commissioner, Travis J. Iles, entered a first emergency cease-and-desist order against Coins Miner Investment Ltd., a Russia-based cryptocurrency investment promoter that has been soliciting funds
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American banking giant PNC has joined the growing number of financial institutions using payments products from blockchain startup Ripple. The bank’s Treasury Management division will begin accepting cross-border transactions using the firm’s xCurrent product, Ripple’s senior vice president, Asheesh Birla, told CoinDesk Wednesday. One of the top-10 largest banks by assets held in the U.S.,
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Advertisement According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation,
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Cryptocurrency exchange startup Coinbase has hired LinkedIn’s head of analytics and data science. Michael Li, a senior LinkedIn executive who spent more than seven years with the professional networking platform, is taking on the role of vice president of data, according to a blog post published Tuesday. Li’s career to date has revolved around incorporating data
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XRP is reporting double-digit gains today, despite a generally bearish mood across the wider crypto markets. The open-source token – which is developed largely by blockchain payments startup Ripple – was changing hands at $0.3251 at press time, having hit a 13-day high of $0.3241 at 14:00 UTC. The world’s third-largest cryptocurrency by market capitalization has
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Bitcoin’s (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday, adding credence
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