​Nigeria has been leading the way for Bitcoin adoption in Africa despite its goverment’s recent efforts to reduce access to Bitcoin services to its people. In February, the Central Bank of Nigeria (CBN) reinforced legislation from 2017 that prohibits regulated financial institutions from dealing with bitcoin or facilitating payments for bitcoin exchanges. Notwithstanding the ban, Nigerians have resorted to peer-to-peer (P2P) trading and moved almost $40 million in BTC volume in the last… Source link

A month ago, see here, Ethereum (ETH), aka Ether, had the potential setup in place to start its run to $9K. However, it failed at its 50-day simple moving average (SMA) and remained below its Ichimoku Cloud. History tells us when an instrument is unable to clear those hurdles; pressure remains down as the trend is down. Thus, ETH revisited the $1700 level one more time in July and, in addition to that, established a triple bottom. See figure 1 below. It bottomed on July 20th at $1720 and… Source link

What happened It’s Thursday, most cryptocurrency prices are still falling — and that’s kind of strange. As of 10 a.m. EDT, here’s how cryptocurrency prices have changed over the last 24 hours:   XRP (CRYPTO:XRP) — flat (though the cryptocurrency that runs on RippleNet was down quite a bit earlier). Dogecoin (CRYPTO:DOGE) — down 1.6%. Bitcoin (CRYPTO:BTC) is doing worst of all — down 2.8%. One notable exception to today’s declining crypto market… Source link

LTC has recently awarded its miners with 12.5 new LTC per block.  The LTC is scheduled to produce 84M LTC more than Bitcoin which is 4 times than BTC. RSI for LTC shows the NEUTRAL action. The token has been forming the pattern of a bullish doji star. LTC fell by 1.16% on Wednesday. Following a 0.49% decline from Tuesday, LTC ended the day at 142.62. The last known price of this coin is 140. A mixed start for the day saw LTC rise to an early morning intraday high of $144.43 before… Source link

Ethereum’s Ether token (ETH) enjoyed a “massive” rebound towards $3,000 on Aug. 5 as optimism flowed in after its London hard fork went live. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed ETH/USD climbing swiftly to local highs of $2,820 on Bitstamp Thursday. The sudden burst of enthusiasm countered a downtrend which had set in after the initial uptick following London’s successful deployment the day before. After a wick… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The altcoin Bitcoin SV was 51% attacked earlier this week, and thus arose an opportunity to highlight the importance of the security model for “decentralized” blockchains. This tweet thread from Lucas Nuzzi does a great job of explaining what occurred. The notions… Source link

Like most cryptocurrencies, Monero tumbled lower in May, after it had been really bullish from the beginning of the year. it reached $520 in the first week of May, but then crashed down to $152, together with the cryptocurrency market. The bearish momentum continued until the middle of July, when cryptos suddenly reversed higher. Although, Monero was showing some bullish signs before, since the lows in June and July were higher than the low right after the crash, while a large part of the… Source link

Bloomberg Steve Cohen’s Point72 Ventures Makes First Crypto Bet (Bloomberg) — Steve Cohen’s Point72 Ventures has made its first cryptocurrency investment, backing analytics firm Messari Inc.The venture capital arm of Point72 Asset Management led the crypto data and market intelligence company’s Series A funding round, which closed at $21 million, according to a statement. Adam Carson, an operating partner at Point72 Ventures, joined the Messari board as part of the deal.The wager is the… Source link

Check out what’s clicking on FoxBusiness.com. Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said. Ethereum coins were trading at $2,634, up more than 6.6% per token, while Bitcoin was trading at $38,480, up a modest 1.94%, respectively, Coindesk reported. Rival Dogecoin was trading near 20 cents per coin – up 1.5% —  and XRP was at 71 cents, or 2.5% per coin, the report said. SENATORS AIM TO CLARIFY CRYPTOCURRENCY… Source link

Bitcoin (BTC) headed lower on Thursday after an attempt to reclaim $40,000 failed to garner buyer support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Accumulation recalls October 2020 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows of $38,700 on Bitstamp, down around 1.5% in several hours. The largest cryptocurrency had benefited considerably from remarks by Gary Gensler, the new Chair of the United States Securities and Exchange… Source link