Bitcoin Forms Higher Lows as Bulls Defend Against Heavy Selling Pressure.

It has been a rocky past few days for Bitcoin and the entire cryptocurrency market After first stabilizing above $12,000 for a multi-day period earlier this week, the crypto recently faced an influx of selling pressure that pushed it back below this level It has now entered what appears to be yet another prolonged consolidation phase in the upper-$11,000 region On a positive note, bulls have been able to establish higher lows, while also guarding […] origin »

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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control.

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] origin »

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Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race.

Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix Thoroughbreds owner Amer Abdulaziz Salman was one of the “money-cleaners under the guidance of Gilbert Armenta. origin »

Polkadot changes explained.

On August 18th multi-chain framework platform Polkadot officially enabled its native token, DOT for transfers. On August 21st it will redenominate the token so that ‘new’ DOT tokens will be 100x smaller than ‘old’ DOT tokens. origin »

Ethereum Bulls Defend Critical Support; Will Its Strength Last?.

Ethereum has been facing intense selling pressure throughout the past few days which has caused its price to shed a good portion of its recent gains This selling pressure first came about after it incurred explosive momentum that sent its price surging up to highs of nearly $450 last week The crypto ultimately fell to the sub-$400 region yesterday, but this dip was quickly absorbed by aggressive buying pressure that helped it climb higher Analysts […] origin »

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Russia and China De-dollarization Approaching ‘Breakthrough Moment’.

China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements in the first quarter, the Financial Times […] The post Russia and China De-dollarization Approaching ‘Breakthrough Moment’ appeared first on Bitcoin News. origin »

India’s Biggest Blockchain Hackathon and Conference of 2020.

Coinspeaker India’s Biggest Blockchain Hackathon and Conference of 2020Details Hackathon Date – 21st Aug – 28th Aug Register for the Hackathon Conference Date – Aug 29 Register for the conference Supported by – CoinGecko, CXIHub, MATIC, Harmony, Elastos, GitHub, AirMeet and Other Industry’s Leading players. origin »

Litecoin, Monero, Synthetix Price Analysis: 21 August.

Bitcoin, the world's premier cryptocurrency, despite its most recent failure to sustain a breach of the $12k level, was continuing to consolidate and strengthen its position on the charts. At press tiThe post Litecoin, Monero, Synthetix Price Analysis: 21 August appeared first on AMBCrypto. origin »

WOM Protocol Recommended by Premier Crypto Analyst.

Singapore, 21. August 2020 — WOM Protocol, a next-gen MarTech solution that enables brands to leverage word-of-mouth recommendations, has been added as a portfolio pick of Palm Beach Research Group The post WOM Protocol Recommended by Premier Crypto Analyst appeared first on AMBCrypto. origin »

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IT Firm Wipro Develops Blockchain-Based Platform to Scale Natural Gas Trading.

Indian IT giant Wipro has collaborated with Uniper to simplify the latter’s liquefied natural gas (LNG) trade process. Wipro to Provide Blockchain Platform to Streamline LNG Trade Leading global IT multinational firm Wipro has successfully implemented a blockchain-enabled small-scale liquefied natural gas (ssLNG) trading platform for German energy company Uniper and its 100% LNG-for-trucks subsidiary,Read MoreRead More. origin »

YFI Price Passes that of Bitcoin as Yearn.Finance TVL Hits $800m.

Yearn.Finance (YFI) is a rising star within the DeFi sector, with the protocol seeing massive inflows of capital while the governance token’s price rockets higher. The growing publicity and hype surrounding this project has caused YFI’s price to surpass that of Bitcoin, seeing an over 3x return from its recent lows that were set just […] origin »

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