Bitcoin Revolution Scam | Malta Warns of “Get-Rich-Quick” Scam

An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it. The Malta Financial Services Authority (MFSA) issued a warning against it today via an official document. Bitcoin Revolution The alleged crypto scam likens to a typical get-rich-quick scheme and operates through several websites, though only one has been officially named: the-bitcoinrevolution.org. The scheme has been advertised on social media platforms and has used the images of prominent local personalities claiming they have become rich from the crypto investments. Unregistered According…

JPMorgan Claims Bitcoin Isn’t Worth Mining Anymore

JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again. According to a Bloomberg report, the bank’s analysts say that it costs more to create one Bitcoin than it’s worth. In Q4 2018, it cost around $4,060 to mine one BTC and currently, the price of the digital…

Bitcoin Price Analysis: Crypto, The New Amazon– Charles Hoskinson

Bitcoin price stagnant in a $300 range Charles Hoskinson says crypto will retest 2017 peaks in 11 years Transactional volumes low, average 12k thus consolidation According to Hoskinson, the crypto market is far from mature. In that case, he expects assets like Bitcoin to retest 2017 highs in the next 11 years. Even so, there are movements, and the failure of bears to drive prices below $3,500 is an endorsement for bulls. Bitcoin Price Analysis Fundamentals Charles Hoskinson is the founder of Cardano and the co-founder of Ethereum Classic. However,…

XRP Market Cap is $6.755 billion, Messari Claims

Ripple prices consolidating inside Jan 22 high low Messari’s report place XRP market cap on the lens Transactional volumes low averaging 14 million An analytic firm is questioning XRP’s market cap. Arguing that its market cap is inflated, Messari is now calling for indices to revise their XRP circulating supply assumptions. Meanwhile, our last XRP trade plans are valid. All in all, for bulls to remain in charge, then we must see sharp gains above 34 cents. Ripple Price Analysis Fundamentals Messari is questioning XRP’s market cap and whether there…

Bitcoin Price Watch: BTC Could Make a Sustained Move Higher

Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance. Bitcoin price is slowly moving higher with positive signs against the US Dollar. BTC needs to overcome sellers near $3,580 and $3,600 for a sustained move higher in the near term. Bitcoin Price Analysis After…

Ripple Price Analysis: XRP Trading Sideways Below Key Resistance

Ripple price corrected lower and tested the $0.3130 support area against the US dollar. There was a break above a key declining channel with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a range below the key resistance levels at $0.3200 and $0.3220. Ripple price remains supported on dips against the US Dollar and Bitcoin. However, XRP/USD must break the $0.3200 and $0.3220 resistance levels to gain bullish momentum. Ripple Price Analysis Yesterday, we saw yet another…

Crypto Market Update: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis

The total crypto market cap is placed nicely above the $115.00B support level. Bitcoin cash is showing positive signs and it could recover above $130 and $132. EOS price is slowly moving higher towards $2.50, with a bullish angle. Stellar (XLM) is moving lower towards the all-important $0.1000 support level. Tron (TRX) is up more than 2% and it seems like it could soon test the $0.0285 level. The crypto market is consolidating above key supports. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins…

Ethereum Price Analysis: ETH Relatively Muted, Next Move Finally Coming?

ETH price revisited the $114 support area and later moved higher against the US Dollar. Yesterday’s highlighted declining channel is intact with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair may soon make the next move either above the $118-119 resistance or below the $114 support. Ethereum price is confined in a tight range against the US Dollar and bitcoin. ETH/USD is likely setting up for a major move in the coming sessions either above $120 or below $114. Ethereum Price Analysis Yesterday,…