Hot Topics

Advertisement

Advertisement

Ethereum (ETH) Bulls Give Up Before Retest Of Trend Line Resistance

Ethereum (ETH) is reluctant to rally towards its trend line resistance as the price has stopped midway without their being any strong resistance in the way. It is still likely that we might see ETH/USD crawl towards the trend line resistance but the weakness shows that the price will face a strong rejection once it gets there. The RSI and Stochastic indicators on the daily time frame also show that there is plenty of room for a rally but the price action continues to remain very weak. The price is now trading within a descending triangle that is part of...

Read More

Bitcoin ETF: What we know so far

Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public eye to buy Bitcoin in a regulated and protected environment. GBTC is the closest investment vehicle you will get to an exchange-traded fund (ETF). this is because it allows investors and traders in Bitcoin without having to fret about where to store it and keep if safe from fraudulent individuals who would much rather have your assets. Being traded on OTC markets, one share of GBTC represents just...

Read More

Tether Attorney Confirms not 100% of USDT is Backed by Fiat

The biggest stablecoin is the world, Tether has been under fire from critics recently following the Bitfinex scandal which revealed that the exchange lost $850 million and masked the whole sum with Tether. Less than a week after this news broke, Tether is yet again at the centre at another bout of controversy after it was revealed that only 74 percent of its overall circulating supply is backed by fiat. Yesterday - 30th April - Tether’s general counsel Stuart Hoegner wrote in his affidavit that the firm only holds 2.1 billion in cash and cash equivalents. Meanwhile, though, the data...

Read More

Bitcoin (BTC) Is Running Out Of Steam To Test $5,800-$6,000 Resistance Zone

Bitcoin (BTC) is crawling towards the $5,800-$6,000 mark but it running out of steam to retest that zone because the price is massively overbought and no professional traders or investors would want to touch it around these levels. Even those bullish on BTC/USD thinking the bottom is in realize that the price is due for a major retracement and we could see it anytime now. It is important to note that the price is trading at a $300 premium on Bitfinex which means we could see the price hit the $5,800-$6,000 zone a lot sooner than on other exchanges and...

Read More

Real-Time Reference Rate for XRP Introduced by Nasdaq

As of today, (1st May), Nasdaq will start sending real-time XRP on its Global Index Data Service. The new index, dubbed XRP Liquid Index, according to Nasdaq is "designed to provide a real-time spot or reference rate for the price of 1 XRP, quoted in USD, and based on the most liquid ends of their markets." The index was developed by the New-Zealand-based Brave New Coin and in a blog post they have said, "will allow users to track the price of the XRP token... with far greater transparency than before." They go on to say why they created the...

Read More