Ripple (XRP) Price Primed For Additional Losses, $0.2450 Next?

Ripple price is following a downtrend below the $0.2700 support area against the US dollar. The price is currently trading near the $0.2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken). Similarly, Ethereum is trading near a key support and it could break down below $180. Ripple price is trading with a bearish bias below $0.2700 against the US Dollar, similar to bitcoin. XRP price remains at…

Kik “Void for Vagueness” Plea Against SEC Dismissed by Judge

Kik, the former messaging app now shifting its focus to cryptocurrency, has been involved in a court case with the SEC, which alleges that a 2017 ICO breached the commission’s regulations due to the fact that its coin, Kin, is actually a security. Kik Legal Team Struggle for Plausible Explanation The legal team for Kik has argued in the court of the Southern District of New York that the case against it is null and void based on the premise that the legal definition of an “investment contract” is unclear. However, the…

"Bitcoin to $200k" – Bobby Lee

You saw Crypto Trader’s firsthand look from the Malta Blockchain Summit at Richard Heart questioning Craig Wright. Now we sit down with both of them plus hear from Pomp, Tim Draper, Bobby Lee and projects like Tezos, Zilliqa, and Malta based Chiliz making big waves on the Blockchain island. UCN9Nj4tjXbVTLYWN0EKly_Q Source link

Canaan Targets $100 Million Through US IPO

One of the most significant developments of the past few months in the crypto sphere has been the potential initial public offering of Bitcoin miner maker Canaan. The company is the second-biggest company in the category, and its IPO is all set to be one of the biggest events in the crypto space this year. In a new development, the company stated that it wishes to raise as much as $100 million from its IPO in the United States. The statement is a bullish one and goes to show that…

Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely

LTC broke out of a channel to a new descending wedge after dropping below $61 price levels earlier today. The price rejection at $66 price levels has made Litecoin stay under a bearish pressure since the weekly opening. Litecoin may gain bullish momentum if the price can reclaim $61, which appeared to be a critical confluence zone for the market. Litecoin has witnessed a lot of price reductions over the past three days due to a significant correction which is making the bears gain control of the market. However, a…

Iran Offers Bounty for Illicit Cryptocurrency Mining Operations

Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13. A spokesman of the Energy Ministry announced the bounty program during an interview with local news outlet IRIB News, while illustrating the new electricity pricing mechanism for miners. Mostafa Rajabi, the spokesman in question, said yesterday that people who expose cryptocurrency mining operations that are illicitly using subsidized electricity will receive up to 20% of the recovery of damages. Rajabi told reporters that new regulations ban…

Bitcoin (BTC) Price Looks Set For Another Breakdown

Bitcoin price is extending losses and it traded below the $8,640 support against the US Dollar. The price is likely to decline further below the $8,560 and $8,500 support levels. Morning’s short term breakout pattern was breached with support near $8,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action suggests another breakdown below the $8,550 support area. Bitcoin price is declining below key supports against the US Dollar. BTC might tumble towards $8,300 or $8,200 once the bears clear the $8,550 and…

Coinbase Expands Reach of Visa Card in Europe, Adds 5 New Cryptos

Coinbase has added support for five new crypto options to its Visa debit card, and also expanded availability to 10 more European nations. The U.S.-based cryptocurrency exchange announced Thursday that holders of the card can now spend XRP, basic attention token (BAT), augur (REP), 0x (ZRX) and stellar (XLM). The new options come in addition to the currently offered bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC). Coinbase customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania and Sweden have now also been provided access to the…

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

View BTC is on the defensive and may face selling pressure in the run up to the bearish crossover of the 100- and 200-day averages. Prices will likely breach the 50-day average support near $8,550 and extend losses toward $8,000 in the short term. Confirmation of the bear cross may mark an interim bottom in BTC, according to historical data. A high-volume move above a three-month descending trendline, currently at $9,200, is needed to revive the bullish view. Bitcoin risks falling below key support near $8,550, with a widely followed bitcoin…

Crypto.com Grows Offerings With New Exchange and Fundraising Platform

Crypto.com announced the launch of a new exchange Thursday, in an expansion of the Hong Kong-based firm’s list of crypto services. The exchange opens up to beta testers Nov. 18 and to the wider public in December, according to a press release. The three-year-old company has also unveiled a fundraising platform for crypto startups. Previously known for issuing custodial wallets and crypto-backed debit cards, the new exchange bolsters CEO and co-founder Kris Marszalek’s vision of creating full services experiences for his one million wallet holders. Marszalek said the launch is tactical…