Here’s Why Litecoin Price Has Been Surging Since December 2018

The cryptocurrency market was in a long bearish stretch until all the top assets located their short bottom in December last year. Litecoin was one among them. Litecoin Price Performance Since December 2018 | Source: CMC On December 12, the Litecoin’s dollar valuation touched its yearly low at $23.01. And since then, the pair has recovered surged close to 156-percent, now trading at a relatively impressive rate of $59, with recent highs going as up as $61.54.  One could say that Litecoin so far followed the overall cryptocurrency market sentiment.…

Bitcoin Probes Key Price Support Below $3.9K After Range Breakdown

View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the key support levels lined up at $3,775 and $3,658. A strong bounce from the 30-day MA would weaken the bearish case. That said, a UTC close above $4,055 is needed to revive the bullish view.…

Amazon-Owned Twitch Removes Crypto Payments for Subscriptions

Amazon-owned live streaming video platform Twitch.tv has reportedly removed its cryptocurrency payment option for subscriptions. A Reddit user posted the news on Saturday, saying that, while Twitch had allowed users to pay in bitcoin (BTC) and bitcoin cash (BCH) through blockchain payments processor Bitpay, the option has been removed in the last couple of weeks “for all countries.” A tweet from Twitch dating from last January does indicate that bitcoin at least was one of the accepted payment options, among other methods including Amazon Pay and Apple Pay: Its terms and…

Singapore-Based Crypto Exchange DragonEx Has Been Hacked

Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a number of cryptocurrencies. DragonEx announced the news on its official Telegram channel on Monday, stating that, on Sunday, March 24, it had suffered a cyberattack that saw cryptocurrency funds owned by users and the exchange “transferred and stolen.” No information has yet been provided on the value of the losses. On Sunday, apparently as the breach was first being discovered, DragonEx first took its platform offline saying it was upgrading its systems. Later the same day, it…

Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will be backed by their national fiat currencies — on IBM’s now-live blockchain-powered payments network, “World Wire.” According to the joint announcement by IBM and Stellar, the World Wire has gone live with over 44 banks on its service, supporting 47 currencies in 72 countries. The IBM project was launched with Stellar in September 2018, and plans…

Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U.S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency. 1-Day Chart of Crypto Market Valuation (Source: Coinmarketcap.com) However, as bitcoin fell, many alternative cryptocurrencies and major crypto…

Bitmain’s IPO Filing Has Expired

Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019. Bitmain filed the application for its IPO on September 26, 2018, and the Hong Kong Stock Exchange had six months to decide whether to reject the filing, graduate it to a hearing stage or let it lapse. After half a year in limbo, the exchange’s inaction means the filing has officially expired. “Bitmain’s listing application to [the Hong Kong Stock Exchange] HKex in…

Bitcoin (BTC) Price Signaling Additional Losses Below $3,900

Bitcoin price failed to surpass the $4,000 resistance level and declined against the US Dollar. The price declined sharply and broke the key $3,940 support area to enter a bearish zone. Yesterday’s highlighted major bearish trend line is intact with resistance at $3,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded towards the $3,850 support and it is currently higher towards key resistances. Bitcoin price declined below important supports near $3,940 against the US Dollar. BTC might correct in the short term, but…

R3 Co-Founder Jesse Edwards Is Leaving the Enterprise Blockchain Firm

Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned. Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald. In a statement provided by R3 to CoinDesk, Edwards said: “It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and…

Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap failed to move above the $134.0B resistance and declined heavily. Litecoin (LTC) price moved down and broke the $62 and $60 support levels. Bitcoin cash price is down more than 4% and it recently broke the $160 support level. Tron (TRX) price declined recently, but it is still above the key $0.0220 support. Cardano (ADA) price is currently consolidating above the $0.0600 support level. The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash,…