Month: June 2020

Here’s Why 100 SMA Could Spark New Rally

TradingBTC

Bitcoin is consolidating above the $9,100 level against the US Dollar. BTC could start a strong increase towards $9,500 as long as it is above the 100 hourly SMA. Bitcoin is currently trading in a contracting range below the $9,300 resistance. The price is holding the $9,000 support and trading above the 100 hourly simple moving average. There is a crucial contracting triangle forming with resistance near $9,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above $9,200 or it might…

American Pundi X Merchants Can Now Sell Crypto Via PayPal

TradingBTC

Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with U.S-based merchants who use Xpos able to apply for PayPay-based keyed transactions from July 1. A PayPal app is expected to be integrated onto all Xpos devices within two weeks — completing the roll-out. 70% of Xpos users request Paypal…

The ETH/BTC ‘Flippening’ Is 53% Complete According to New Index

TradingBTC

A new metric from German site The Blockchain Center suggests that the long awaited ‘flippening’ —  where Ethereum overtakes Bitcoin — is more than halfway complete. The newly created ‘Flippening Index’ currently stands at 53.3%. Backtested, it shows this is the first time the index has topped 50% in 18 months — the highest point since March 2019 when it was around 56.2%. Of course, this latest version of ‘the flippening’ has completely altered the traditional definition. It originally referred to Ether’s market cap relative to Bitcoin, but given Ether…

Key Indicator Says Bitcoin’s Momentum Is Weakening: Where Will BTC Head?

TradingBTC

Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end. While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening. Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin Has “Weakening” Bullish Momentum: Analyst According to Brave New Coin analyst Josh Olszewicz, the Ichimoku Cloud indicator shows that Bitcoin has “weakening bullish momentum” due to the consolidation: “Cloud still shows weakening bullish…

Australian Securities Exchange Switch to Blockchain Delayed to 2022

TradingBTC

The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger infrastructure to replace its current system for processing equity transactions. ASX will now release the project — the replacement for the Clearing House Electronic Subregister System (CHESS) — in April 2022, a one-year push from its most recent timetable. The exchange cited a number of reasons for the change including the current pandemic,…

Africa Posts Triple-Digit P2P Volume Gains in Three Months

TradingBTC

Peer-to-peer Bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent now the second-strongest region in the world for P2P volume behind the U.S. Africa was the sole region to produce an increase in seven-day P2P trade this past week — with sub-saharan African trade posting its seventh all-time high for weekly trade in nine weeks. Since early January, the sub-saharan African has overtaken the Asia-Pacific, Eastern European, and Latin American regions to emerge as the second-strongest P2P market by a volume margin of more than…

Bitcoin Price Stalls Below $9.2K but Data Shows Investors Are Bullish

TradingBTC

Earlier today Cointelegraph reported that “Bitcoin (BTC) price recorded its strongest second quarter performance in history” despite a startling crash to $3,750 on March 13. Data from Skew also shows that Bitcoin currently has a quarter-to-date return of 42.39% and the digital asset remains the top-performer for 2020 with a 27.31% return.   Macro assets year-to-date returns %. Source: Skew Data from on-chain analytics provider glassnode also showed that since the Black Thursday crash, the total number of Bitcoin whales rose above the 2017 high to 1,800 over the last 3…

Only 27% of Circulating Bitcoin has Moved in 2020; Why This Matters

TradingBTC

Bitcoin’s ongoing bout of sideways trading has offered little insight into its mid-term outlook. New data now shows that Bitcoin’s price action throughout 2020 has been driven by a significantly limited number of market participants, which may explain why the crypto has been ranging between $9,000 and $10,000 for over six weeks. According to one analytics firm, only 27% of BTC’s circulating supply has moved in 2020. This means that the remaining 73% has remained dormant, with active traders utilizing margin, futures, and options likely being the source of all…

Crypto “Reserve Currency,” Tether (USDT) Hits a $10 Billion Market Cap

TradingBTC

Weeks ago, NewsBTC reported that the market capitalization of leading crypto stablecoin Tether (USDT) was on track to $10 billion. This week, after a large minting of coins, the milestone was reached. Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App Crypto’s “Reserve Currency” Hits $10 Billion Market Cap According to Messari analyst Ryan Watkins, the market capitalization of USDT passed 10 billion on June 30th. It is the third cryptocurrency currently in this 10-figure range.” At the start of the year, the market…

China Highlights Blockchain in Pandemic Preparedness Strategy

TradingBTC

Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response.  The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain technology for enhancing data sharing among medical institutions. Data sharing is key  The Commission is urging local health departments to promote data sharing and collaboration between online hospitals and physical medical institutions. It says that…

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 95