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Putin Signs Law Giving Cryptocurrency Legal Status in Russia


Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...

Bitcoin and Major Altcoins Showing Signs Of an Upside Break


This past week, bitcoin price extended its decline below the USD 9,300 and USD 9,200 support levels. However, BTC managed to stay above the USD 9,000 support and it is currently (08:30 UTC) showing signs of a possible fresh increase towards USD 9,500 in the coming sessions. Similarly, most major...

Peter Schiff’s Bitcoin Hack Comment Invites Ridicule


Euro Pacific Capital CEO, Peter Schiff’s comment suggesting Bitcoin might be the next target following a hack of multiple VIP Twitter accounts has been ridiculed by bitcoiners. Seemingly relishing the prospect of a bitcoin hack, Schiff a gold bug and a well-known bitcoin critic, signs off...

Bitcoin and Altcoins Showing Signs of Increase in Selling Pressure


Bitcoin price failed to remain stable above USD 9,200 and it is currently (08:30 UTC) down 1%. BTC is trading below USD 9,150 and it seems like the bulls are losing control. The main support is near USD 9,050 and USD 9,000, below which the price could start a new bearish wave. Similarly, most major...

Bitcoin Consolidates Below Key Resistance, Altcoins Show Positive Signs


Yesterday, bitcoin price started a strong recovery above the USD 9,300 resistance. BTC even broke the USD 9,500 region, but it is struggling to gain strength above the USD 9,550 resistance zone. It is currently (08:30 UTC) consolidating gains and seems to be preparing for a bullish break above...

Bitcoin and Altcoins Start Showing Signs of Fresh Rally


After a brief consolidation phase, bitcoin price spiked higher above the USD 9,850 resistance. However, BTC failed to clear the USD 10,000 resistance zone and it is currently retreating lower. If there is a downside break below USD 9,800, the price could trim gains and revisit USD 9,550. Similarly...

Stellar (XLM) Shows Clear Signs of Bullish Trend Reversal


These days, each week represents a cycle of a bullish and bearish trend in the market while not letting the contradictory bias go away. Since when the infamous market crash followed by a prolonged slowdown has occurred, investors have been finding it difficult to figure out one particular sentiment...

Bitcoin and Altcoins Showing Positive Signs


In the past two sessions, there was a decent recovery wave in bitcoin above the USD 9,400 and USD 9,550 levels. BTC is trading above the USD 9,600 level (08:30 UTC), but it must clear the USD 9,850 resistance zone for a sustained upward move above the USD 10,000 level. Similarly, most major...

Options Market Keeps Sending Bullish Signs to Bitcoin Investors


After a day of strong price gains that sent bitcoin (BTC) up by nearly 6% over the past 24 hours to breach the important USD 10,000 level, the options market may have even more good news in store for hopeful investors. According to data from Skew, a provider of crypto derivatives analytics,...

Trump Signs Deregulation Order to Boost US Economic Recovery


U.S. President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis. With this deregulation, government agencies are “encouraged to promote economic recovery through non-regulatory...

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