Bitcoin May Be Primed for a Bounce Despite Recent Selloff

Bitcoin (BTC) has been facing a steep sell-off over the past few days that has sent the cryptocurrency into the $10,000 region, which has led many analysts and investors alike to fear the possibility that Bitcoin revisits the four-figure price region in the near-future. Now, analysts are explaining that Bitcoin may soon incur a decent …

That’s Not Bitcoin!’ Craig Wright Rebukes Anti-Government Crypto Bulls

Craig Wright argued Bitcoin was “never” a store of value and needs the government, triggering a Crypto Twitter meltdown. | Source: Oxford Union/YouTube By CCN Markets: There are few things Bitcoin and Bitcoin Cash partisans agree on these days, but there’s still one activity that brings the two halves of crypto’s Great Schism together – …

Facebook Covert Audio Sharing Casts Doubt Over Libra Privacy

Facebook used third-party contractors to listen to user audio without telling them, in a move which raises questions about the third-party sponsors of its libra cryptocurrency. Facebook Shared Messages With Third Parties As Bloomberg reported on August 13, Facebook confirmed it had used middleman firms to transcribe audio messages from its Messenger app.  The practice, …

Bybit VS BitMEX: A No-Frills Comparison for Crypto Derivatives Traders

Trading cryptocurrencies is more interesting than trading equities or other forms of traditional assets. The volatility of cryptocurrencies drives massive price movements that would probably give Wall Street stocks traders a collective heart attack. Trading cryptocurrency derivatives, however, adds another layer of sophistication to cryptocurrency trading because profits or losses tend to be exponentially magnified. …

China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all …

Ethereum Price Analysis: Bears Eye Pullback To $190 Support

Ethereum price recently broke out of a period of consolidation as mentioned in my previous analysis on ETH, completing an asymmetrical triangle in favors of the bulls but has since begun a pullback breaking the short-term support. Bears now eye $190 support around the visible range low. Ethereum Price 1-Hour Analysis On the 1 hour …