BTC jumped above 10K. Here are the reasons

Bitcoin hit its highest level this year and also in five months on Wednesday, jumping above $10,000 and continuing the recent bull run for the cryptocurrency. In the early morning on Wednesday, bitcoin hit $10,489.78, the highest price it has logged since September, according to data from Coindesk. That’s a more than 44% increase from […]

Rejection at $150 ignites ETH/USD selloff, what to expect

Ethereum is struggling to defend $140 support amid a growing bearish momentum emanating from the rejection at $148 The key support at the 50% Fibonacci level is strong enough to hold short-term losses. Ethereum bulls took advantage of the recent uptrend to pump the price in the direction of $150. However, the cryptocurrency reached its […]

Bitcoin is changing hands for $24,000 in Iran, based on the “Official” exchange rate

Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC), based on the official exchange rate from the country’s central bank. But is this really the actual price Iranians are paying for Bitcoin? “Official” exchange rate distorts Bitcoin price in Iran However, the […]

Want to Invest in Crypto? Think About Buying Stocks

Investors looking for a piece of the cryptocurrency game have one avenue that is sometimes overlooked: stocks. Buying bitcoin itself is a minefield of volatility. The price is declining again, and another high-risk crypto startup called it quits. On the other hand, Facebook Inc. FB -0.41% is building its own cryptocurrency. Governments and companies are […]

Bitcoin with a breakthrough of a main resistance

BTC/USD D1 Our expectations: Long-term trend – long and medium-term short correction. Major breakthrough at a key resistance level coinciding with a break in the wedge figure. The current price gives a good opportunity for entry with a close stop and a good risk/reward ratio. Price Action: A gap for increase above the resistance zone. […]

Coinbase and other crypto-exchanges team up to create a rating system for digital tokens

Cryptocurrurrency exchange operators including Coinbase, Kraken and Circle have teamed up to create a system that rates digital tokens on how close they are to securities. The points-based rating system, unveiled by Coinbase in a blog post Monday, determines whether a digital asset falls under U.S. securities law using guidance from the Securities and Exchange […]

IBM is open to working with Facebook on its digital currency

IBM is open to working with Facebook on its digital currency efforts, an executive at the company told. Jason Kelley, IBM’s general manager of blockchain services, said the firm was looking to foster “collaboration” across industries when it comes to a technology like blockchain. “Blockchain is a team sport,” he told. “Our clients are ready […]