The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. The trading range’s lower end is…
Tag: Markets News
Why Companies Need to Get on the Tokenization Train
Paul Brody is a principal and the global blockchain leader at EY. The following article is the second in a series. Read part one here. One of the most compelling uses of blockchain technology is the ability to reliably record…
Bitcoin Price Risks Another Fall Below $6K, Charts Say
After a drop yesterday, bitcoin (BTC) risks another move below $6,000 in the next 24 hours, but it will still likely fare better than other cryptocurrencies. On Tuesday, bitcoin closed (as per UTC) below the immediate support of $6,108 (June…
This $575 Million ICO With Royal Backing Is So Crazy, It Might Be Real
Crypto loves Lamborghinis. So much so it seems that a startup looking to release movies – early offerings include a biopic about the founder of the car company and his feud with the founder of Ferrari – has raised a whopping $575…
Bitcoin Price Steady Above $6K Despite Bithumb Hack
Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb…
$7,000? Bitcoin Looks North After Six-Day High
Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose…
Felines to Futbol: NFTs Are Crypto’s Hottest New Buzzword
The World Cup may be completely analog, but don’t tell that to crypto developers. Soft launching now, a new company called CryptoStrikers is entering the so-called “crypto collectibles” market with tokens commemorating the stars of this year’s World Cup. The…
Lithuania Issues Guidelines for When ICO Tokens Are Securities
Lithuania’s Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country. According to…
Huobi Is Launching a Cryptocurrency Exchange-Traded Fund
Cryptocurrency trading platform Huobi is launching a crypto-based exchange-traded fund (ETF), an investment option that will allow retail investors to gain exposure to a basket of assets instead of just one at a time. The company said in an announcement…
$7,800 Ahead? Bitcoin Sets Sights on Key Resistance Level
Bitcoin (BTC) is working its way through the key supply zone above $7,500 and could test resistance at $7,870 in the next 24 hours, the technical charts indicate. The cryptocurrency looked primed for a corrective rally yesterday, having created a…