Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,483 over the past week.  Cryptocurrency market weekly overview. Source: Coin360 For the second time in a week, the price rose above the oft-referenced descending channel trendline which has served as a long term resistance for the last 7 months. While there are some traders who will have bought the breakout above…

Bitcoin SV Rallies 20%: Here Is Why It Could Surge Further

Bitcoin SV price rallied more than 20% recently and climbed towards the $200.00 resistance. BSV is currently trading with a strong bullish bias and it could even surge above $200.00 and $205.00. Bitcoin SV price is up more than $100.00 this month and doubled in the value against the US Dollar. The price is currently up more than 20% and it tagged the $200.00 resistance. There was a break above a major contracting triangle near $165.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken). It seems…

Bitcoin Price Rallies 3.7% to Hit 2-Month High

The price of bitcoin (BTC) has risen once again after a successful launch of CME’s bitcoin options surpassed rival Bakkt on its BTC futures contracts in the first day of trade volume. On Jan. 14 at around 00:30 UTC, the price of the world’s largest cryptocurrency by market value rose above an area of resistance that had stifled previous rallies near $8,200 for over a week beginning Jan. 7. As of press time, BTC is changing hands at $8,413 after reaching its highest point in nearly two months at around…

Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn’t Over Yet

Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance. Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar. It is currently trading near the key $148 and $150 resistance levels. There was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a…

WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.  New York-based WisdomTree, which oversees about $63 billion, views cryptocurrencies and digital assets as a natural extension of its business in exchange-traded funds, or ETFs, according to corporate-strategy director William Peck. ETFs trade like stocks on exchanges but allow investors to allocate money to traditional financial assets ranging from high-dividend companies to…

Booking.com-Partnered Travala Now Accepts Tether’s Controversial USDT

Crypto-friendly hotel booking giant Travala now accepts payment from a controversial cryptocurrency leader.    On Jan. 10, Travala announced that Tether (USDT) is now a valid form of payment at its two million linked properties. Travala CEO Matt Luczynski said: “Part of our mission is to provide our users with a wide choice of the most well known and used cryptocurrencies so it made perfect sense for us to integrate USDT as a payment option on Travala.com.” In addition to Tether, Travala also accepts payments of Bitcoin, Ethereum, XRP, Litecoin, Binance…

Asset Manager WisdomTree Hopes to Launch a Stablecoin in the US

Asset manager WisdomTree intends to launch a regulated stablecoin in the United States, financial news outlet FNLondon reported on Jan. 13. Per the report, WisdomTree is looking to deploy a digital currency backed to a basket of assets such as gold, fiat currencies or government debt. The firm also intends to obtain approval by the U.S. Securities and Exchange Commission (SEC) for its project. The news follows a recent announcement that WisdomTree invested in a startup called Securrency Inc., one of the top institutional-grade blockchain builders in the financial and…

Telegram Hit By New SEC Evidence Showing Token Trading After ICO

The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of Gram tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently refuted these claims and published a statement last week to address…

Bitcoin News Summary – January 13, 2020

   Bitcoin reacted to the US airstrike in Iran by rising dramatically. Gold, the traditional safe-haven asset, also rose similarly over the same period as the threat of war loomed, raising the interesting prospect of whether Bitcoin is acting as a hedge against geopolitical risk. Two major Japanese corporations, GMO and SBI are to establish a huge mining facility in Texas. 300 megawatts capacity is planned, rising to 1 gigawatt by year-end, which is three times bigger than Bitmain’s facility in the same state. Both GMO and SBI are…

US Judge Gives Craig Wright Until Feb. 3 to Access 1.1M Bitcoin at Heart of Ongoing Lawsuit

Craig S. Wright, one of crypto’s most litigious engineers, struck a minor victory in court last Friday.  United States District Judge Beth Bloom said that facts previously established in the trial were now in dispute, according to a court document filed Jan. 10 to the District Court of Southern Florida. This is the latest turn in an ongoing trial brought by Ira Kleiman, brother to Wright’s deceased business partner David Kleiman. Kleiman is suing for half of an $8.87 billion fortune (1.1 million bitcoin), said to be encrypted in a…