These Three Factors Suggest Bitcoin is About to See Some Bearish Turbulence

Bitcoin’s consolidation phase seen throughout all of May and June is showing few signs of letting up anytime soon and has caused the cryptocurrency’s volatility levels to hit multi-year lows. Although there aren’t many overt technical catalysts for volatility in the near-term, there may be a few events that could help to shake up BTC’s consolidation phase. These factors also seem to favor the cryptocurrency’s bears heavily, and they could trigger a sharp selloff in the days and weeks ahead. One analyst spoke about these factors, pointing to a recent EMA…

XRP Rally Risks Strong Retracement in Pivotal Battle With Bitcoin

After years of underperformance compared to the rest of the crypto market, XRP has been pumping from bear market lows. But just as the altcoin reaches a key level on its Bitcoin trading pair, an ominous sell signal has triggered.  Will the recent rally in Ripple fully retrace as pumps have in the past? Or will the cryptocurrency finally recover in its ongoing battle against BTC? David Versus Goliath, Ripple Versus Bitcoin  XRP has been in a brutal downtrend on the BTC trading pair and remains over 90% down from…

Three Industries That Will Be Blockchain Innovators Post-Pandemic

Fabio Canesin, co-founder of blockchain fintech firm Nash, believes that as the world comes out of the COVID-19 pandemic, blockchain technology offers a “unique” opportunity to the public due to its “borderless” nature. During an interview with Cointelegraph, Canesin states that he sees the “greatest” emerging use case in blockchain for three core industries in a post-pandemic era: government, nonprofit, and small-to-mid-size businesses. Blockchain helping to distribute Coronavirus-related stimulus checks For the government entities, Nash’s co-founder explained: “This could mean using blockchain for stimulus checks instead of sending payments via…

Ethereum 2.0 Is Likely to Boost DeFi Further, Even After Parabolic Rally

One of the hottest crypto trends over recent months has been Ethereum DeFi. Also known as decentralized finance, DeFi is the industry of building decentralized applications for financial services. As can be seen below, coins related to this sector have gone parabolic, outpacing Ethereum. Take the example of Aave’s LEND token, which is up by over 700% since the middle of April. Chart of Ethereum vs. top DeFi altcoins (Compound, Chainlink, Ren, Synthetix Network Token, and Aave’s LEND) over the past three-four months. Chart from TradingView.com According to a prominent…

Bitcoin is About to See “Nasty Price Action” if it Breaks One Crucial Level

Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300. The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and $10,000. Until one of these levels breaks, the cryptocurrency will still remain caught firmly within a prolonged bout of sideways trading. As for what analysts are saying about where Bitcoin could trend next, one explained…

Cryptocurrency News From Japan: July 5

This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan’s financial services agency, and a life insurance company testing digital asset billing transaction.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product.…

Hacker stole 336 BTC from Crypto exchange Cashaa

U.K. based cryptocurrency exchange Cashaa reported hackers took more than 336 Bitcoin. The company has stopped all the crypto-related transactions, however, prima facia users are not affected by this hack.  In a media brief shared with Cointelegraph, Kumar Gaurav, CEO of Cashaa said that one of their wallets was compromised and more than 336 Bitcoin was sent to the hacker. He also suspects that hacker is from east Delhi, India. The company has filed a cybercrime incident report to the Delhi crime bureau with acknowledgment number 20807200031555 under the cryptocurrency…

To Accelerate Cryptocurrency Adoption, We Must First Improve User Experience

Only with increasing difficulty can one recall a time when the majority of the world was yet to adopt the internet. In 1995, user adoption of the internet had​ ​only reached​ 10% of American households, five years after the very first web browser was launched. Another five years later, in the year 2000, 50% of the United States nation had already adopted the internet. Imagining today’s world without internet is simply unfathomable and, in the future, the same will be said about cryptocurrency. The technologies fostered by the crypto industry…

OCC Seeking to Remove Structural Barriers to Financial Inclusion

The Office of the Comptroller of the Currency, or OCC, launched a project aimed to improve financial inclusion of underserved populations. Called REACh, which stands for Roundtable for Economic Access and Change, will bring together banking industry leaders and national civil rights, business and technology organizations to identify and reduce barriers and increase access to capital and credit. The group met on July 10 to start looking for projects the group will tackle.  Party of the roundtable is to see which policy and structural issues on the national and local…

Bitcoin Price Ready for $10K Retest as Algorand, Tezos Continue Surge

The price of Bitcoin (BTC) has been showing weakness throughout the week. However, the key support level is holding up, and this triggered the continuation of many altcoins such as Tezos (XTZ) and Algorand (ALGO), which are soaring on July 11, gaining over 9% and 17%, respectively.  The massive surges in altcoin price usually occur when Bitcoin remains calm and this is what we have seen happening in the previous two months. The question is how long will this last and is the top-ranked cryptocurrency by market capitalization ready for…