2019

Bitcoin Consolidates Below $24,000 After Bullish Weekend Rally

Source Node: https://beincrypto.com/bitcoin-consolidates-below-24000-after-bullish-weekend-rally/
Time Stamp: December 21, 2020 3:37 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) price has reached a bullish weekly close well above the previous long-term resistance area. BTC is currently consolidating just below $24,000 and is expected to break out once more.   Bitcoin Long-Term Movement During the week of Dec 14-21, BTC created a massive bullish candlestick, convincingly breaking through the $19,500 area to reach a high of $24,295. BTC is now in price discovery, having no resistances left to clear above the current price. Technical indicators are still bullish, despite showing that the rally is extremely overbought. BTC

US Treasury Proposal Applies Travel Rule to Crypto

Source Node: https://beincrypto.com/us-treasury/
Time Stamp: December 20, 2020 2:57 PM - Modified On: May 21, 2021 - Published By:
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On Dec. 18, an office within the US Treasury Department released a set of proposals regarding cross-border transfers of digital assets. The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public. The measure, called the Travel Rule, affects cross-border transfers. Know thyself The major thrust of the proposal is a change regarding privately owned digital wallets. Virtual Asset Service Providers will now have to require

XRP Reverses and Pumps By Nearly 50%

Source Node: https://beincrypto.com/xrp-reverses-and-pumps-by-nearly-50/
Time Stamp: December 18, 2020 10:27 AM - Modified On: May 21, 2021 - Published By:
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While the XRP price has been decreasing since Nov. 24, it reversed its trend on Dec 16, at one point having increased by 50% in less than two days. XRP could correct towards $0.52 and is likely to resume its upward movement afterward. *Note – This article will mostly deal with the short-term movement that has been taking place over the past three days. For a longer-term analysis, please click here. Reversal Leads to Breakout XRP has been falling since Nov. 24, when it reached a high of $0.79. The

Bitcoin Stumbles on Approach to Yet Another All-Time High

Source Node: https://beincrypto.com/bitcoin-stumbles-on-approach-to-yet-another-all-time-high/
Time Stamp: December 15, 2020 4:29 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) price reached a new all-time high on Dec. 1 but was not able to sustain the increase and has dropped back slightly since. However, the price movement suggests that Bitcoin will soon make yet another attempt at breaking out, though a short-term correction could occur prior.   Bitcoin All-Time High Resistance The weekly chart shows that BTC is trading very close to a long-term resistance area, created by the all-time highs near $19,600. Last week, BTC created a hanging man candlestick, which is commonly considered a bearish

Daily Created Ethereum Addresses Hits a Three-Year High

Source Node: https://beincrypto.com/daily-created-ethereum-addresses-hits-a-three-year-high/
Time Stamp: December 14, 2020 1:53 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In more bullish news relating directly to Ethereum fundamentals, the second-largest crypto by market cap has seen the most new addresses created in a single day in the last 35 months. The cryptocurrency space has largely seen positive price growth, including the leading smart contract platform. Ethereum may be having one of its biggest years so far, as the system migrates over to Proof-of-Stake (PoS) verification with the launch of 2.0. Alongside this release, ETH witnessed a yearly price increase of around 4x as the Ethereum price flirts with the

Cardano (ADA) Breakout Could Mean New Yearly Highs on the Horizon

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Time Stamp: December 14, 2020 4:04 AM - Modified On: May 21, 2021 - Published By:
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The Cardano (ADA) price has been rejected by a long-term resistance level at $0.17. It has not reached a long-term close above this resistance since June 2018. As long as Cardano is trading inside this bullish structure, it is expected to break out and eventually be successful in finally moving above this resistance zone.   Long-Term Cardano Levels The ADA price has been increasing since March. It moved above the $0.095 resistance area in June, reaching a high of $0.171 before dropping in order to validate the $0.095 area as

Efforce (WOZX): Apple Co-Founder Steve Wozniak’s Cryptocurrency

Source Node: https://www.coinbureau.com/review/efforce-wozx/
Time Stamp: December 12, 2020 10:52 PM - Modified On: May 21, 2021 - Published By:
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Every so often a cryptocurrency is released that makes you a do a double take. Efforce (WOZX) is certainly one of those cryptocurrencies. Efforce was founded by world famous Apple co-founder Steve Wozniak, and WOZX cryptocurrency token went from a price of 10 cents USD to over 3$USD in its first days on the market. In just the first 13 minutes of trading, WOZX had an unrealized market cap of 950 million USD.Although this price action made the headlines both inside and outside of the cryptocurrency space, it seems that

BIS And Swiss National Bank Announce Findings of CBDC Pilot Program

Source Node: https://beincrypto.com/bis-and-swiss-national-bank-announce-findings-of-cbdc-pilot-program/
Time Stamp: December 4, 2020 2:13 PM - Modified On: May 21, 2021 - Published By:
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The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) have released the first set of findings from Project Helvetia, a proof-of-concept experiment that aims to demonstrate that the Swiss franc can be tokenized as a Central Bank Digital Currency (CBDC). Revealed on Dec 3, the BIS claims the results demonstrate the operational feasibility and legal workability of a digital franc used only for interbank settlement on a blockchain testnet. Project Helvetia Background In the works since 2019, the collaboration brought together the BIS, SNB, and financial market