Monday, May 20, 2024

Ethereum Classic Price Analysis: ETC/USD in Downtrend Below $11.20

Key Highlights Ethereum classic price is under pressure below the $11.20 and $11.40 resistances against the US dollar. There is a declining channel in place with resistance at $11.00 on the...

Shapeshift Continues Product Overhaul, Drops Crypto Portfolio Feature

ShapeShift, a leading startup in the crypto and blockchain industry, has continued its drastic product overhaul, recently revealing that it was dropping a lesser-known feature from its extensive lineup of...

Ripple Price Analysis: XRP/USD Upsides Could be Capped Near $0.2900

Key Highlights Ripple price started a short-term upward move towards the $0.2700 resistance area against the US dollar. Yesterday’s highlighted two bearish trend lines with resistance at $0.2600 and $0.2690 were...

Bitcoin (BTC) Price Watch: Bearish Pullback Underway?

Bitcoin Price Key Highlights Bitcoin price appears to be gaining a bit more traction on its bounce off the triangle support. Price could be ready to test the triangle resistance again,...

Bitcoin Cash Price Analysis: BCH/USD Facing Key Resistance Near $450

Key Points Bitcoin cash price traded to a new low at $410 before starting a recovery against the US Dollar. This week’s highlighted important bearish trend line could stop upsides near...

OKEx Founder Released from Custody and Denies Fraud

Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from...

Huobi Global Buys Large Chunk of BitTrade

In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and...

Are Stablecoins Viable? One Berkeley Professor Says No

Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated...

Carbon Launches CarbonUSD: US Dollar Backed Stablecoin

Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on...

Bitcoin Cash (BCH) Price Analysis: Bitcoin Cash Find Temporary Support, could Head Higher Today

A week over week 20 percent drop of Bitcoin Cash (BCH) prices was enough to set the tone for week. From the chart, it’s obvious that the trend is...