Bitcoin (BTC-USD) — the world’s first digital currency — has been a hot topic in financial circles for at least the last few years, and arguably needs no introduction. Surveys suggest a majority of Americans have at least heard of it. In layman’s terms, Bitcoin is a virtual currency (aka cryptocurrency) which can be exchanged through online transactions, and is stored on a digital ledger. Once trading for pennies on the dollar, one unit now costs nearly $40,000 with a market… Source link

Litecoin price closed last week with a 9.81% gain and finished July up 0.05%. LTC has defined a double bottom pattern, but it may be plotting a handle after failing to close above $149.26. The 50-week simple moving average (SMA) at $143.15 and the 2019 high of $146.00 combine to form fierce resistance.   Litecoin price responded to the oversold condition on the daily Relative Strength Index (RSI) with a 35.71% rally over the next ten days. It was an impulsive… Source link

Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and I, Ansel Lindner, reviewed my latest article “What Caused the Mid-Cycle Bitcoin Price Correction” and then did a tour of recent central bank news from around the world. We also hit on the future of China, North America and the Fourth Turning. My recent article was about the most important narratives from the second quarter of the year, that when… Source link

Litecoin To Join Bitpay App as Newegg Becomes the First Merchant To Accept the Currency | The Fintech Times We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Source link

ETH/USD – Ether Falls Below Price Chanel But Finds .236 Fib Support Key Support Levels: $2460, $2400, $2320.Key Resistance Levels: $2550, $2640, $2700. Ethereum surged higher over the past fortnight inside the confines of an ascending price channel. This price channel allowed it to reach as high as $2700 this week. Unfortunately, ETH pulled back slightly from this high and fell beneath the price channel today. After breaking the lower angle of the price channel and the… Source link

Former lead maintainer of Monero Riccardo Spagni, aka Fluffypony, has been arrested in the U.S. and is now waiting for his extradition to South Africa where he will stand trial for fraud. Spagni described the case as “an old matter, which I have continuously been trying to resolve since 2011.” Fluffypony Arrested, Waiting for Extradition to South Africa The U.S. government filed a Memorandum of Extradition Law and Request for Detention Pending… Source link

By Ahmed Shabana Even after the major cryptocurrencies experienced an ominous collapse from their all-time highs in April, most are up by 200 percent to 300 percent or more from this point last year. Bitcoin is getting all the headlines, and there are legitimate concerns about its roller coaster nature. Subscribe to the Crunchbase Daily But what about Ethereum? Conceptualized in 2013, Ethereum is an open-source platform that helps to develop and implement new decentralized… Source link

Business Ether fell about 1per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. FILE PHOTO: A representation of virtual currency Ethereum is seen in front of a stock graph in this illustration… Source link

Key Takeaways Details around Riccardo “Fluffpony” Spagni’s arrest have emerged. The Monero development team has locked certain accounts in case authorities demand information from Spagni. Meanwhile, Spagni and his lawyers have commented on the case, arguing that he can safely be released. Share this article New details around the arrest of Riccardo “fluffypony” Spagni emerged today. One Monero has developer has weighed in, while statements from Spagni and his lawyers have been… Source link

Bitcoin extended its pullback on Tuesday as buyers continue to take profits from the $40,000 resistance level. The cryptocurrency was trading around $38,000 at press time and is down about 4% over the past week. Ongoing regulatory concerns in the U.S. and China have kept some bitcoin buyers on the sidelines, with lower support seen around $34,000 to $36,000. “We expect the pullback to mature in one to two weeks near the 50-day moving average around $34K, after which bitcoin is likely to… Source link