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Litecoin price extended declines below the $50.00 support against the US Dollar. LTC/USD is under a lot of pressure below the $50.00 and $51.00 levels. Key Talking Points Litecoin price extended declines and traded below the $50.00 support (Data feed of Kraken) against the US Dollar. This week’s followed important bearish trend line is still … Continue reading Litecoin Price Analysis: LTC/USD Turns Bearish Below $50
“The Babylonian Captivity of Cardano Has Ended” The Cardano Foundation recently wiped the dust off its one-month dormant Twitter account to issue a notable announcement, divulging that Cardano’s hierarchy had undergone a sudden shift. As Charles Hoskinson, one of the masterminds behind the Ethereum and Cardano projects alike, put it, “The Babylonian Captivity of Cardano … Continue reading Charles Hoskinson: Cardano Foundation Can Grow After Parsons’ Resignation
Cryptocurrency traders and investors may be hurting, but that hasn’t stopped regulators from bringing crypto-related criminals to justice. Just recently, a leading financial regulator has brought an Arizona-based man to justice for stealing upwards of $1 million in Bitcoin (BTC) and Litecoin (LTC). CFTC, U.S. Courts Charge Arizona-based Man For Stealing Bitcoin, Litecoin On November … Continue reading American Man Sentenced For $1.1 Million Bitcoin (BTC), Litecoin (LTC) Scheme
Bitcoin Cash continues to hover around the Fib retracement levels while traders await the outcome of the hard fork. By the looks of it, there is still no consensus in the community as a near 50-50 split on the versions is eyed. On the 4-hour time frame, the 100 SMA is above the longer-term 200 … Continue reading Bitcoin Cash (BCH) Price Analysis: Support Holding Ahead of Hard Fork
Bitcoin has formed higher lows and higher highs to trade inside an ascending channel visible on its 4-hour chart. Price has dropped back to test support, and bulls are still defending this area for now. A stronger bounce could take bitcoin to the top of the channel around the $7,000 major psychological mark or at … Continue reading Bitcoin (BTC) Price Analysis: Bulls Still Defending Channel Support
Last month, Bitcoinist reported on Our Music Festival (OMF), a cryptocurrency music festival held in Berkeley at the end of October. OMF’s crypto environment sets a precedent for future festivals like South by Southwest, which will host a series of crypto-related events and talks next year. The University of California at Berkeley served as the site … Continue reading Crypto Music Festivals Are Setting a Precedent for Future Gatherings
A recent hack involving the Twitter of retailer Target has wise investors doubling down on too-good-to-be-true offers. Target Becomes the Target The cryptocurrency community is no stranger to hacks and scams and most hodlers are wise enough to steer clear of too-good-to-be-true ICOs and The Real Real Elon Musk #GivingAwayFreeETH Twitter scams. In spite of … Continue reading Target Twitter Account Hacked by Bitcoin Scammers
Bitcoin’s nascent mainnet implementation of the Lightning Network (LN) has reached a new milestone, passing 4,000 nodes for the first time. Lightning Handles $750K Data from monitoring resource 1ML confirms the latest growth of Bitcoin’s second layer designed for fast er and cheaper payments, Lightning Network, which at press time November 13 had a total … Continue reading Lightning Network Passes 4000 Nodes, Reaches All-Time Capacity High
The Isle of Man recently updated its Designated Businesses Registration policy concerning cryptocurrency companies operating in the British Crown dependency. Isle of Man Posts New Requirements The Island’s financial regulators also wish to sanitize the local virtual currency scene, doing away with projects that have zero utility. Details of the policy changes form part of … Continue reading Isle of Man Tightens Requirements for Cryptocurrency Businesses & ICOs
The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives. The companies involved have simply disappeared leaving only unpaid bills in their wake. Above the Arctic Circle, Sweden The most northerly Swedish county, over half of Norrbotten’s area lies within the arctic circle. Cool conditions for mining cryptocurrency, … Continue reading Cryptocurrency Miners Vanish in Sweden, Leaving Big Electricity Bill