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Stellar (XLM) Faces Rejection At 21 Day EMA, Price Has Yet To Form Golden Cross

Stellar Lumens (XLM) has just faced a strong resistance at the 21 day exponential moving average. While this means that the price is exhibiting some weakness short term, it is still likely that we will see a golden cross on XLM/USD come to fruition. That being said, XLM/USD has now formed three lower highs and two lower lows since the beginning of last month. The RSI and Stochastic indicators show that there is plenty of room for a rally to the upside. Stellar (XLM) has recently made a lot of independent moves and is now also listed on Coinbase. Interest...

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$211 Million of BTC Moved by Whale

Reports have recently surfaced that an unknown Bitcoin whale has moved around 40,000 Bitcoin amounting $211 million from an unknown Bech32 address to another Bech32 address: The Bitcoins were moved from this address bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9, to this address bc1q5shngj24323nsrmxv99st02na6srekfctt30ch. The sender of the Bitcoin has allegedly sent their whole wallet of 40,000 BTCs which they had held from February last year to today. It seems that the sender was just moving all the Bitcoin from an older wallet to a new one as the receiving wallet had zero BTC in it before the transaction. As ZyCrypto has reported: “The two wallets...

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Ripple & Saudi British Bank Partner Up for Cross-Border Payments

Earlier this week, Ripple’s XRP showed a few signs that it was slowing down. But the cryptocurrency seems to have survived and is now on its way to recovery alongside the other top currencies. Several factors might be involved in bringing the asset back up though. One of which is the recent announcement of a partnership between Ripple and the Saudi British Bank. The bank has been working on a collaboration with Ripple for some time now in order to use its blockchain platform to facilitate cross-border payments since the start of 2018. It is finally time to finalise the...

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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...

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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...

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