NEM blockchain’s investment and funding arm NEM Ventures recently announced an investment in Cyclebit. NEM hasn’t disclosed the amount of investment yet. What is Cyclebit? Cyclebit presents a unique opportunity of aggregating over 200,000 crypto-enabled POS terminals in Asia, Europe, and Canada. It helps users pay using…
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The Bitcoin price plummeted quickly this morning, breaking down below a major support area. If a reversal is not initiated at the current support level, there is a likely possibility that it could continue all the way back to $6,000. Bitcoin Price Highlights The Bitcoin price has…
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The People’s Bank of China head office has just made a new regulatory update which clarifies the legal situation for cryptocurrency trading in the country. China is pushing its policy of ‘blockchain, not cryptocurrencies’ to the extreme with a fresh round of regulatory stipulations for the industry.…
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The cryptocurrency market remains under pressure on Friday, with Bitcoin and the entire cryptocurrency market trading heavily in the red. Bitcoin is moving closer to the $7,000 level, with the current weekly low extending down towards the $7,020 level. A break below the $7,000 exposes a possible…
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CoinspeakerLong-Term Optimism May Contain Ethereum’s Downside VulnerabilityEthereum price has broken below the level of key technical support at 152.11, which will likely act as resistance in the future.Long-Term Optimism May Contain Ethereum’s Downside Vulnerability
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Be weary of these telltale signs of scams and projects destined to failContinue reading on Crypto Spotlight »
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Litecoin has a bearish short-term and medium-term trading bias The four-hour time frame shows that the LTC/USD pair is trading in a descending price channel A sustained loss of the $47.00 level would be extremely bearish for Litecoin Litecoin has erased its early month trading gains, leaving…
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Sweden’s Central Bank Governor has outlined a six-step plan on how the state bank can implement its own digital currency. He outlined a checklist that needs to be completed before the idea is fully implemented. Sweden’s digital currency will have to meet the following criteria. It will…
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The Bitcoin price has reached the lower limit of the current support area. However, the short-term structure does not yet indicate that we are in the initial phases of a reversal. Bitcoin has been free-falling without showing any signs of a retracement since October 25. This is…
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Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet. The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700…
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