• The Crypto Daily – Movers and Shakers -22/11/19
    FX Empire

    The Crypto Daily – Movers and Shakers -22/11/19

    It’s a positive start to the day, after Thursday’s meltdown. Bitcoin will need to break through to $8,000 levels, however, to support a recovery…

  • Ubisoft joins the Ultra blockchain as a corporate block producer
    Coin Rivet

    Ubisoft joins the Ultra blockchain as a corporate block producer

    Blockchain company Ultra has announced that veteran video game publisher Ubisoft will be joining the platform as a corporate block producer during its testnet period. The Ultra blockchain serves as a game distribution platform which aims to "break the market monopoly" of current game publishing systems. Ultra offers staged software download technology, which has already served over 100 million downloads worldwide. Ultra needs to find block producers who can meet the technical demands of validating blocks on the network while also providing an ongoing commitment to growing the Ultra ecosystem. Ubisoft is one of the largest and most well-known video game publishers in the world and is responsible for much-loved gaming franchises such as the Rayman, Assassin’s Creed, and TomThe post Ubisoft joins the Ultra blockchain as a corporate block producer  appeared first on Coin Rivet.

  • Bitcoin miner maker Canaan Creative raises $90 million in U.S. IPO
    The Block

    Bitcoin miner maker Canaan Creative raises $90 million in U.S. IPO

    On Thursday, Canaan Creative listed its shares on Nasdaq under the symbol “CAN,” pricing at $9, the low end of the expected range.  The post Bitcoin miner maker Canaan Creative raises $90 million in U.S. IPO appeared first on The Block.

  • USD/CAD, EUR/GBP – Canadian Dollar Dips, EUR/GBP Continues to Drift
    FX Empire

    USD/CAD, EUR/GBP – Canadian Dollar Dips, EUR/GBP Continues to Drift

    The Canadian dollar is slightly lower, after Canadian ADP nonfarm payrolls reported a decline. All eyes are on Canadian retail sales, with investors braced for a decline. Meanwhile, EUR/GDP is trading sideways for a second successive day.

  • $10 billion wiped from XRP market cap since June
    Coin Rivet

    $10 billion wiped from XRP market cap since June

    Ripple's XRP token has endured a turbulent year, with more than $10 billion being wiped from the cryptocurrency's total market cap. In late June, the price of XRP reached dizzying heights as it tested the key $0.50 level of resistance. However, the euphoria was short-lived as XRP proceeded to slump dramatically in the following months, eventually succumbing to a depressing yearly low of $0.21 in September. Two months on, and despite a test of the $0.31 region in early November, XRP continues to stagnate at around $0.24. The market cap of XRP is now just $10.68 billion, which is 50% down from its yearly high of $20.7 billion and a far cry from its all-time high of $146 billion inThe post $10 billion wiped from XRP market cap since June appeared first on Coin Rivet.

  • Latest Litecoin price and analysis (LTC to USD)
    Coin Rivet

    Latest Litecoin price and analysis (LTC to USD)

    Litecoin (LTC) is currently trading at around $52 after a 5% drop in price over the last 24 hours. LTC is now down 9% since last week as bearish sentiment returns to the crypto markets. Litecoin experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing digital asset of 2019, growing more than 170% in fewer than 90 days and peaking at around $145. A serious summer downtrend then saw LTC tumble to around $49 before a market-wide pump last month following Chinese President Xi Jinping's bullish comments on blockchain. Will the altcoin continue consolidating above $50? Let's take a look at the LTC chart. Looking at the EMAs, we can see the 50-day EMAThe post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.

  • Bitcoin edges towards major $2,000 correction
    Coin Rivet

    Bitcoin edges towards major $2,000 correction

    Bitcoin has continued its four-week downtrend after a further 2.5% slump this morning, with a $2,000 move to the downside becoming increasingly likely. The $7,900 level of support is now being tested for the first time since October 23. A breakdown from this level could pave the way for a cataclysmic correction to the historic $5,900 level of support. The next logical stopping point for Bitcoin, if $7,900 is indeed broken to the downside, would be $7,400, which is the same level that spurred a 40% rally to the upside on October 25. However, lightning doesn't usually strike twice in terms of Bitcoin's price action, and a decline to $7,400 would almost certainly result in a prolonged move down toThe post Bitcoin edges towards major $2,000 correction appeared first on Coin Rivet.

  • Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 21/11/19
    FX Empire

    Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 21/11/19

    It’s a mixed start to the day for the majors, with Litecoin struggling early on. A reversal could be on the cards should the trio fail to hit key levels.

  • Ethereum and Stellar’s Lumen Daily Tech Analysis – 21/11/19
    FX Empire

    Ethereum and Stellar’s Lumen Daily Tech Analysis – 21/11/19

    It’s back into the red for the pair, as Wednesday’s reversal continued into the early hours. Moves in the late morning will be key for the day ahead.

  • U.S – China Trade Tensions Could Spike and Overshadow the Numbers…
    FX Empire

    U.S – China Trade Tensions Could Spike and Overshadow the Numbers…

    The HK Bill in support of the protestors is on its way to the Oval Office. Trump’s signature may well raise doubts over a phase 1 trade agreement.

  • PayPal CEO speaks out over Libra split
    Coin Rivet

    PayPal CEO speaks out over Libra split

    In an article published by Fortune earlier today, PayPal CEO Dan Schulman shared his reasons for leaving Facebook’s Libra project, and also revealed which cryptocurrency he’s invested in. In June, PayPal originally indicated that it would become part of the Libra Association - the consortium of large companies that would work alongside Facebook on the Libra project. However, PayPal left the association in October to focus on its own projects, followed quickly by Mastercard and Visa. Since its announcement, Libra has faced growing regulatory pressures and widespread criticism from lawmakers, especially in the EU, who have described the project as "dangerous to the monetary system". PayPal CEO speaks out Polina Marinova, interviewing PayPal CEO Dan Schulman for Fortune, pressed forThe post PayPal CEO speaks out over Libra split appeared first on Coin Rivet.

  • What will it take for a Litecoin bull run in 2020?
    Coin Rivet

    What will it take for a Litecoin bull run in 2020?

    With the new year just around the corner, cryptocurrency investors and traders are getting ready for what the markets might have in store in 2020. Hopefully, with a brand new year comes brand new blood to fuel the next big crypto bull run. According to key cryptocurrency analysts such as Mati Greenspan, Alessio Rastani, Trace Mayers, and PlanB, there's a high probability of a Bitcoin bull run sometime within the next 12 to 18 months. Funnily enough, some economists are predicting an economic recession during the same period. Will that be the final catalyst for a massive cryptocurrency bull market? If so, will altcoins such as Litecoin enjoy some huge gains? Let's take a look. Bitcoin price prediction The aboveThe post What will it take for a Litecoin bull run in 2020? appeared first on Coin Rivet.

  • Bitcoin Cash announces $200 million ecosystem investment fund
    Coin Rivet

    Bitcoin Cash announces $200 million ecosystem investment fund

    Bitcoin Cash chief Roger Ver has announced a $200 million "ecosystem investment fund" to help further the development of the popular altcoin. Speaking at a Bitcoin Cash meetup in London, Ver’s presentation - entitled ‘The War on Peer-to-Peer Electronic Cash’ - covered wide ranging issues on the nature of cryptocurrency for payments. Sharing the vision of Bitcoin Cash (BCH), Ver explained: “What we’re doing is the same thing we’ve been doing from the very beginning. We’re building peer-to-peer electronic cash for the world, just like in the title of the whitepaper.” Ver was referring to the original Bitcoin whitepaper by Satoshi Nakamoto, which describes the Bitcoin protocol as “A Peer-to-Peer Electronic Cash System”. According to Ver, as of 2019, BCHThe post Bitcoin Cash announces $200 million ecosystem investment fund appeared first on Coin Rivet.

  • GBP/USD, EUR/GBP, USD/CAD – Currencies in Holding Pattern Ahead of Fed Minutes
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Currencies in Holding Pattern Ahead of Fed Minutes

    Investors await the release of the Federal Reserve minutes, and predictably, there is little movement ahead of this major event. We could see some volatility from the British pound and Canadian dollar after the release, which is scheduled for 17:00 GMT.

  • Latest Ethereum price and analysis (ETH to USD)
    Coin Rivet

    Latest Ethereum price and analysis (ETH to USD)

    At the time of writing, Ethereum (ETH) is trading at around $174 following a 7% drop in price since last week. The world's second-largest cryptocurrency by market cap has been consolidating to the downside over the past few days, as most altcoins have been doing lately. As mentioned last week, Ethereum was in a clear consolidation downtrend towards the end of October after making a number of lower highs since mid-July when the coin suffered a massive drop. Despite a sizeable pump towards the end of October following Bitcoin's 40% jump in the space of 24 hours, it would seem that the downtrend has now returned. Will ETH recover? Or will it plunge back towards $160 and below? Let's takeThe post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.

  • Where is Litecoin accepted as a payment method?
    Coin Rivet

    Where is Litecoin accepted as a payment method?

    One of the main drivers for cryptocurrency adoption is being able to use your crypto to buy goods and services like an actual currency. If Bitcoin (BTC) is digital gold, Litecoin (LTC) is often seen as digital silver. Litecoin prides itself on being quicker and cheaper to use than Bitcoin, making it perfect for everyday payments. So if you're a cryptocurrency enthusiast and you happen to hold some LTC, how and where can you spend it? Let's first take a quick glance at the LTC/BTC price action. This will tell you whether it's a good time to spend your LTC or if it's better to hold on in case its value rises. LTC/BTC Looking at the chart above, we canThe post Where is Litecoin accepted as a payment method? appeared first on Coin Rivet.

  • Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 20/11/19
    FX Empire

    Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 20/11/19

    It’s a positive start to the day for the trio. We’ve been here before, however. Failure to make a move by late morning could lead to another dive…

  • Ethereum and Stellar’s Lumen Daily Tech Analysis – 20/11/19
    FX Empire

    Ethereum and Stellar’s Lumen Daily Tech Analysis – 20/11/19

    It’s a positive start to the day for the pair. Holding on to current levels through the morning would bring resistance levels into play.

  • The Crypto Daily – Movers and Shakers -20/11/19
    FX Empire

    The Crypto Daily – Movers and Shakers -20/11/19

    After a bearish start to the week, the majors find early support. A Bitcoin move through to $8,200 should provide further support.

  • Geopolitics, FOMC Meeting Minutes and Canadian Inflation in Focus
    FX Empire

    Geopolitics, FOMC Meeting Minutes and Canadian Inflation in Focus

    Trade tensions, UK politics, the FOMC meeting minutes and inflation figures out of Canada will keep the markets busy throughout the day…

  • GBP/USD, EUR/GBP, USD/CAD – Limited Gains for Euro, U.S. Dolllar
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Limited Gains for Euro, U.S. Dolllar

    The U.S. dollar is pointing higher on Tuesday. The greenback is slightly higher against the Canadian dollar, while the pound has lost some ground against both the U.S. dollar and the euro.

  • Bitcoin: A Drop Below $8,000 Opens the Doors Toward $5,000
    FX Empire

    Bitcoin: A Drop Below $8,000 Opens the Doors Toward $5,000

    Bitcoin continues to lose ground it managed to gain due to “Chinese FOMO”. At the moment, the benchmark cryptocurrency is losing 4% and trading around $8,100. This level is serious support for the benchmark cryptocurrency.

  • Latest Bitcoin Cash price and analysis (BCH to USD)
    Coin Rivet

    Latest Bitcoin Cash price and analysis (BCH to USD)

    At the time of writing, Bitcoin Cash (BCH) is trading at around $243. Last month, the popular altcoin was showing signs that it would drop further following huge losses at the end of September. BCH instead rebounded spectacularly towards the end of October in response to Bitcoin's positive momentum. However, just yesterday, the crypto market tumbled again. BCH has now lost almost 19% in value since last week and is down about 8% over the last 24 hours. Will BCH continue to push lower? And if so, what are the next levels of support to look out for? Let's take a look at the chart for Bitcoin Cash. As you can see from the chart above, the price of BCHThe post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet.

  • Ethereum and Stellar’s Lumen Daily Tech Analysis – 19/11/19
    FX Empire

    Ethereum and Stellar’s Lumen Daily Tech Analysis – 19/11/19

    Stellar’s Lumen sees another heavy slide early on as the broader market struggles. For Ethereum, a return to $180 levels would support a rebound.

  • Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 19/11/19
    FX Empire

    Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 19/11/19

    It’s a mixed start to the day for the majors. Support should kick in should the trio move through key levels by late morning…