XRP Price Analysis for April 3rd – XRP Grows But Slowly

XRP Grows But SlowlyBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, April 3rd, the XRP keeps growing smoothly. It is generally trading at 0.1794 USD. On H4, XRP/USD keeps demonstrating the development of a correctional phase after a deep decline. The correctional trend is growing very slowly but steadily. The growth has reached 23.6% Fibo and keeps moving to 38.2% (0.2045 USD). The possibility of growth to 50.0% (0.2317 USD) looks virtually impossible. The MACD lines, aiming upwards, confirm further increase. The support is currently at 0.1677 USD. Its breakout will signal the end of the correction and the beginning of a

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Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending

Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency SpendingA lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance to gambling, and darknet purchases as well. The researcher’s […]

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Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin

Tiger King's Archnemesis Big Cat Rescue Accepts BitcoinThe number one show on Netflix in the U.S. right now is a television series called “Tiger King: Murder, Mayhem and Madness,” and American audiences are eating it up like candy. While the docuseries costar Joseph Maldonado, aka “Joe Exotic,” spends 22 years behind bars, costar Carole Baskin is still the owner of the Big […]

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Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet

While the coronavirus wreaks havoc on the economy across the U.S., a number of the 1,737 residents from Clatskanie, Oregon can’t obtain an internet service provider (ISP). The situation has motivated the town to adopt a decentralized meshnet ISP called Althea and the network’s users are paid in cryptocurrency for relaying. Also read: Film Reels […]

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Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

Major Swedish Bank Fined $386 Million USD for Hiding Money-Laundering EvidenceSweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.

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Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years

Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 YearsThe Microsoft subsidiary, Github recently revealed the “Archive Program,” an initiative that aims to preserve open source technologies for 1,000 years. The newly launched effort plans to store snapshots of open source technology 250 meters underground on the Norwegian island of Svalbard. The source code management and collaboration platform also plans to store the Bitcoin […]

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Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

Bitcoin Halving Capitulation: 'Mining Death Spirals’ Don't Happen in Real Life,' Says ReportAs the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.” Also […]

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US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say

US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts SayThe U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President Donald Trump provides relief for homeowners but does not provide […]

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The Crypto Industry’s $400M Cash and Stock Deal – Binance to Acquire Coinmarketcap.com

The Crypto Industry’s $400M Cash and Stock Deal - Binance to Acquire Coinmarketcap.comThe popular cryptocurrency exchange Binance is allegedly in talks with the owners of coinmarketcap.com in hopes of purchasing the website for $400 million. People familiar with the matter explained the acquisition will be announced this week and could be one of the largest procurements in the cryptocurrency and blockchain industry to-date. Also read: Bitcoin Mining […]

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Ethereum Price Analysis for March, 31th – ETH Looks Stable

ETH Looks StableBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 31st, the ETH is slightly growing, trading at 132.68 USD. On H4, the correctional phase has acquired the shape of a triangular consolidation. The longer it lasts, the more powerful will be the exit from it. The MACD heading upwards points at the potential breakout of the resistance at 135.40 USD and growth to 175.00 USD. However, even in such situations, the potential breakout of the support at 125.35 USD and a decline to the low of 89.80 USD should not be neglected. On H1, the correctional growth of ETH/USD

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