Recently, bitcoin price tested the USD 5,300 resistance, where it faced a strong selling interest. As a result, BTC/USD started a downside correction and traded below the USD 5,200 and USD 5,150 support levels. The price tested the USD 5,080 support and it is currently (08:30 UTC) consolidating above USD 5,100. Similarly, there was a […]
This past week, bitcoin price climbed towards the USD 8,400 level and later started a major downside correction. BTC/USD declined more than USD 1,000 and tested the USD 6,600 support area. However, the price bounced back sharply in the past two days and rebounded above USD 7,450 and USD 7,800. Similarly, ethereum price rebounded above […]
Source: Adobe/Dmitry Lobanov Despite branding itself as money, the much-discussed and recently troubled decentralized finance (DeFi) token YAM will never achieve this, and real utility for the token must be found to keep the bubble from popping, popular crypto researcher Hasu said. Meanwhile, DeFi token YFI became the first altcoin to ever exceed the price […]
Source: iStock/Buba1955 Blockchain holds the potential that could hurt Swiss banks the most, given that its massive banking industry generates half of its revenue from fees and commissions — something blockchain could completely eliminate, according to Moody’s, a credit rating, research, and risk analysis services company. The report explains, “While making cross-border transactions faster and […]
Source: Adobe/Kevin Jarratt A letter from Queen Elizabeth II’s office pertaining to blockchain has sent the crypto community into a monarchic meltdown of speculation about the British ruler’s bitcoin (BTC) interest – with some jokingly suggesting the 94-year-old sovereign may be sitting on a stash of satoshis…or could even be the mysterious author the BTC […]