Summary of the situation BTC breaks previous resistance at $54,000, which now serves as support. BTC reached a high of 55,794 today. The next major resistance lies at $57,000. Today’s forecast for the bitcoin price is bearish, as the market has lost its bullish momentum in recent hours. As a result, we expect support at $51,500 to be restored within the next 24 hours. Heatmap for crypto-currencies. Source : coin360 Overall, the cryptocurrency market is trading with mixed results today. Bitcoin was flat, while Ethereum rose 2.5 percent. Vechain (VET) performed the worst with a 5.5% decline. Uniswap was one…
Author: Gordon James
Gordon James
Gordon James is a crypto journalist who loves to write about the latest news and trends in the blockchain world. He has been following the cryptocurrency space since early 2017, and is fascinated by the potential that blockchain technology has to change the world. In his free time, Gordon enjoys hiking and spending time with his dog, Tucker.
NFTs have taken the internet by storm. After bitcoin, the latest call suggests that NFT tokens are the next big thing, and the market is expected to grow 10-fold in the next few years. Based on blockchain technology, the global NMT market has grown to reach $389 million by 2020 alone. What are NFTs and how do they differ from cryptocurrencies? What is the NFT? NFTs are indecipherable tokens or cryptographic assets that are created using blockchain technology and provide proof of ownership of a specific object. This intellectual property right may not be reproduced, modified, copied or exchanged and…
National Westminster Bank (NatWest), one of the UK’s largest retail and commercial banks, will no longer offer its services to businesses that accept or trade cryptocurrencies, The Guardian reported yesterday. We have no desire to work with customers, whether it’s acquiring them as new customers or having ongoing relationships with people whose primary business is trading cryptocurrencies or other cryptocurrency transactions, Morten Friis, head of the bank’s risk committee, said at a shareholder event. In the report, Friis notes that NatWest ultimately views digital assets as very risky and therefore plans to approach them with caution. The Bank will also…
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When you think “bank”, you probably think safe, secure and conservative. But some banks are starting to embrace a new currency that’s anything but conservative: bitcoin. Bitcoin is a form of decentralized digital currency that doesn’t require any banks to process payments. It’s the first example of a growing category of money known as cryptocurrency. Bitcoin is just one of several cryptocurrencies, which use decentralized control as opposed to centralized digital currency (like, say, PayPal or Visa). Bitcoin isn’t controlled by a small group of individuals, like the U.S. Federal Reserve. It’s controlled by anyone who uses the currency. The…
Summary of the situation The crypto markets have experienced a sharp correction over the past week. Vechain is one of the few pieces that was quickly recovered. Polka dot continues to struggle after consolidating for most of the week. This week’s weekly analysis of cryptocurrency prices focuses on bitcoin, Ethereum, Chainlink, Polkadot and VeChain. The general market showed good results in the first days of last week. Nevertheless, a sharp market correction occurred over the weekend, resulting in a significant medium-term correction from which markets are likely to rebound in the coming weeks. 7-day market heatmap on coins360 On the…
Almost every day, a new company announces the launch of some form of cryptocurrency. One of the world’s largest fine wine auction houses and America’s oldest winery, Acker, has announced that it will accept digital currency for auction payments and retail wine purchases. Acker Wine Shop steps into the world of crypto This week, liquor store and auction house Acker announced that they are now accepting cryptocurrencies for goods and services. For now, Acker accepts BTC, BCH, ETH, DOGE and three stablecoins through the Bitpay payment processor. In addition, the wine company, founded in 1820, has also added BTC and…
Chainstack releases a report examining the growth of blockchain protocols in the enterprise. The team at Chainstack – creators of an affordable, easy-to-use platform for building, running and scaling blockchain applications – has released a report on the growth of blockchain protocols in the enterprise. Chainstack analyzed six enterprise blockchain protocols (Hyperledger Fabric, R3 Corda, Baseline, Autonity, Quorum, Hyperledger Besu) for this in-depth research report. According to the findings of the report, the clear leaders in the enterprise blockchain market are Hyperledger Fabric, R3 Corda, and Ethereum-based protocols. Main outputs included: Hyperledger Besu, an Ethereum-based protocol, has seen the most…
Payware Square made headlines – and dollars – when it brought bitcoin trading back to its mobile platform during the bull market for cryptocurrencies in the winter of 2017. Now rival payment company Venmo, owned by PayPal, is following suit with the launch of cryptocurrency exchanges in four major currencies: Bitcoin (BTC), Ether (ETH), Litzein (LTC) and Bitcoin Cash (BCH). From 20. By April, more than 70 million Venmo customers will be able to buy, store and sell cryptocurrencies directly in the Venmo app. The launch gives users access to in-app guides to help them better navigate cryptocurrency trading, and…
Hey there! Before reading the article which is about Ethereum price prediction: Ethereum reaches $2,950, prepares to break $3,000, you should read about ethereum price next bull run. It shares basic information about this article and also adds more value to it. Do let us know how you feel about it in the comment section below. Happy Reading! Really glad that you are here. Change is the only constant in life, and cryptocurrency is no different. The past seven days have been a roller coaster ride for the Ethereum price, but things are looking up. The price has recovered from…