Number of Bitcoin Cash Whales Drop Following 39% Price Surge

Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings.  According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of…

Bitcoin Cash Rally Reaches $300 and Technicals Indicate Further Upsides

Bitcoin cash price rallied over 8% and it broke the $250 and $260 resistance levels against the US Dollar. BCH is likely to continue higher above the $300 barrier. Bitcoin cash price is gaining momentum above the $260 pivot level against the US Dollar. The price traded close to the $300 level and it is currently consolidating gains. There is a short-term contacting triangle forming with resistance near $295 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate further higher if…

Bitcoin Cash Breaking This Confluence Resistance Could Spark a Strong Surge

Bitcoin cash price declined and retested the $220 support zone against the US Dollar. BCH is now consolidating and facing many hurdles near $226 and $230. Bitcoin cash price tested the $220 support level and it is consolidating losses against the US Dollar. The price is currently facing a strong resistance near the $230 and $231 levels. There is a key bearish trend line forming with resistance near $226 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must clear the $230 resistance zone to…

Getting Out of Cash Is Key to Wealth and Inflation Protection, Pompliano Says

During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts.    “There is a devaluation of currency,” Pomliano said in his July 18 livestream. “The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time — stocks, real estate, gold, Bitcoin, all this stuff.” Assets up while the economy…

Japanese Residents Have Cash to Spare, But is it Going into Crypto?

Investors in Japan increased their crypto holdings during the early stages of the pandemic before the government issued economic relief payments.  According to a July 13 report from Japanese news outlet Nikkei, the Bank of Japan revealed that the supply of M3 in the country — a measure of various money stock in circulation — increased 5.9% in June to $13.5 trillion.  The amount of liquid assets available to residents of Japan has increased following the government issuing 100,000 yen — roughly $936 — stimulus payments to individuals, 300,000 yen…

Book Review: Digital Is the Cash

“Understanding the Past, Present & Future of Finance in One Read,” boasts the subtitle of Digital is the Cash by Nathaniel Luz. Whether the book achieves this lofty aim is likely to depend on the readers feelings towards Dash (DASH) being the future of finance. You see, Luz is an ambassador for Dash Africa, and strongly believes that the cryptocurrency represents the future of money. His story is actually more interesting than that, as I discovered when I spoke to him, but potential readers should be warned that parts of…

Fake Tokens on Uniswap Are Trying to Cash In on DeFi Hype

Scam tokens are a growing problem on the decentralized exchange and liquidity pool Uniswap — owing to the protocol’s open listing policy. In recent days warnings have been issued about scam tokens targeting four of the most buzz-worthy decentralized finance (DeFi) projects including Curve Finance, 1inchExchange, Tornado.Cash, and dYdX. With any token able to be listed on the platform’s drop-down menu simply by making a GitHub request, the platform’s users are increasingly calling for more stringent vetting to be introduced.  Open listing policy leads to scam tokens Decentralized derivatives project…

Class Action Alleges Visa-Acquired Co Was ‘Data Plumbing’ Venmo, Cash App & More

June 25, a new class action was filed in California against fintech startup Plaid, which was acquired by Visa for $5.3 billion earlier this year. The plaintiffs allege that Plaid violated privacy and data protections by accumulating and monetizing financial transactions of millions of users. The complaint alleges that the company accumulated this data by “data plumbing” popular services like Venmo, Stripe, Square’s Cash App and Robinhood. It purports that Plaid knew: “Every dollar you deposit or withdraw, every dollar you charge or pay to your credit card, and every…

Bitcoin Cash Trading Near Inflection Point, 100 SMA Could Trigger New Rally

Bitcoin cash price is recovering from the $225 support zone against the US Dollar. BCH is slowly gaining traction, but it is facing a strong resistance near the $240 and $242 levels. Bitcoin cash price is slowly correcting higher above $235 against the US Dollar. The price is likely to face a crucial hurdle near the $240 resistance zone. There is a key bearish trend line forming with resistance near $242 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must clear the $242 resistance…

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid

LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States.  In a June 22 announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash.  Users need to have the LibertyX mobile app installed, select which retailer location they will visit in advance, and scan their barcodes at the time of purchase.…