Entries by Penny Wise

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Crypto Week In Review: Sentiment Starts To Shift As Bitcoin Moves Up 15%

Sentiment regarding the cryptocurrency market took a large shift this past week, as Bitcoin rallied 15% due to a series of positive technical and fundamental indicators. IBM To Use Stellar-Based Stablecoin For Faster Financial Payments IBM, one of the largest technology firms in the world, has just announced that it will be exploring the utilization […]

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Reserve Bank of India Urges Supreme Court to Regulate Crypto

India’s central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. In April of this year, the RBI announced it will stop providing services to businesses or persons dealing with cryptocurrencies, citing high risks. The RBI’s senior advocate Shyam […]

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Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

Key Points Bitcoin price gained momentum and settled above $7,200 against the US Dollar. There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either above $7,600 or below $7,240 in the […]

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Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week’s upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday’s levels.   Market visualization from Coin360 The top cryptocurrency is currently trading […]

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Liverpool Aims to Become ‘World’s First Climate-Positive City’ Using Blockchain Tech

The Liverpool City Council (LCC) announced it will be using blockchain tech to mitigate the city’s climate impact, local news outlet edie.net reported July 19. A tweet from the LCC explains that the effort to reduce the city’s climate impact is a bid to become the “world’s first climate-positive city by 2020.” The LCC will […]

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India Has Become More Optimistic in Crypto as Big Companies Challenge Court

Crypto companies were heard in India on July 20 as they told the supreme court that the ban on banks interacting with cryptocurrencies is illegal. The global community has placed widespread pressure on the courts to stop the ban, as crypto exchanges have threatened to take their business elsewhere. Banking Ban Could be Lifted Imminently […]

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Facebook Restores Coinbase Crypto Ads, No Intent to Block Legitimate Companies

The CEO of Coinbase has just announced that the platform has just been approved to display ads on the largest social media platform in the world, Facebook. Facebook Repeals Ban On Crypto-Related Advertisements As the market began to run last year, so did cryptocurrency ad sightings, with dozens, if not hundreds of cryptocurrency companies promoting […]

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China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the […]

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Bears Regain Control as Crypto Selloff Continues

FOMO Moments A red start for the weekend in Crypto land; altcoins falling heavily are Dash, Cardano, Monero and Nem, only VeChain is climbing Anticipation of a quantifiable recovery for crypto markets has faded as we enter the weekend. The selloff has continued and the rally appears to have been another blip in a lengthening […]