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NEO Price Analysis (NEO/USD) On today’s intraday chart, NEO/USD has noted a remarkable downside move with a strong bearish trend line formed that also signaled a bearish bias. NEO’s price tumbled from where it began the session at $9.5713 to where is presently trading at $8.6780. Additionally, the moving averages also suggested the downtrend since … Read more
In response to the AWS collapse, BXB Exchange CEO, Kwun Phite Consunji Lock, was very critical about it stating, “Exchanges need to think more about security and look past the so called cloud servers that can put users data in jeopardy”. On August 23rd, numerous cryptocurrency exchanges collapsed due to the failure of Amazon’s web … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex ETH keeps declining, trading at $169.03 this Thursday. Ethereum in technological deadlock; Buterin does not agree. Istanbul update postponed till November at least. Technical Analysis Looking at the Ethereum on the weekly timeframe, we may see that after the correctional growth to 38.2% Fibo, the quotations are developing … Read more
The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system. … Read more
Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the … Read more
Chainlink Price Analysis (LINK/USD) On an hourly chart, the current price of LINK/USD pair is hovering around $2.0635 having dropped slightly from yesterday’s closing price of $2.0286. This approximates to a drop of 1.7% over the last 24hrs. LINK/USD has also undergone through a high volatility trading up and down ranging between the key resistance … Read more
On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On Tuesday, August 27th, the BTC is slightly declining, trading at $10151.36. Technical Analysis On the daily timeframe, the BTC/USD is developing a descending channel of a correction. After a bounce off the resistance line, the quotations are testing 38.2% Fibo again. A successful test and a breakaway may … Read more
Monero Price Analysis (XMR/USD) The weak market condition of the Monero coin has ravished its capability to record a bullish market performance. On an intraday chart, XMR/USD pair has exhibited a bearish outlook. Notably, analysts anticipate further downside move. According to them, the XMR/USD pair may continue to suffer as the unfavorable market condition may … Read more
On August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his BTC holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time for the ruling and they believe things are … Read more