Facebook Coin | Catalyst for Crypto Growth, Says Spencer Bogart

With the introduction of the Facebook Coin, the cryptocurrency world is facing a revolution. Spencer Bogart of Blockchain Capital, in an interview with Bloomberg, shed some light on the media giant’s venture into the cryptocurrency ecosystem. The Trickle-Down Effect of Facebook Coin In the interview, Bogart stated that there are several catalysts on the horizon in the cryptocurrency market despite the speculated “bottom” being reached. One good catalyst will be the anticipated Facebook Coin that will change dynamics in the cryptocurrency industry. The Facebook Coin project will be an incredible project…

QuadrigaCX Has $21 Million in Assets and Owes $160 Million: EY Report

QuadrigaCX, the Canadian crypto exchange that collapsed after the death of its CEO and founder late last year, has just $21 million in assets, but owes creditors $160 million, its court-appointed monitor and trustee said. The latest report by Ernst and Young (EY), which is dated May 1 but appears to have been published in the last few days, outlines three legal entities affiliated with the exchange – Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. Ltd., each of which is presented as its own bankrupt firm. As a…

Another ETF Application Flash with Bitcoin (BTC) Milestone, Next $8,500?

Bitcoin (BTC) surge, blast above $6,000 The US SEC considering another ETF application It’s a new milestone for Bitcoin. After Q4 2018 steep losses, Bitcoin (BTC) is trading above $6,000 for the first time in more than five months. Even so, we expect more upsides, and with the US SEC considering another ETF application, prices could soar to $7,500 as sentiment shift, boosting prices. Bitcoin Price Analysis Fundamentals The market is vibrant, and Bitcoin is a standout. After overcoming this week’s FUD thanks to an unexpected Binance heist, market participants…

Tron (TRX) Performance Dismal, May Drop below Q1 2019 Support

Tron (TRX) under pressure above crucial Q1 2019 support Cred and Tron collaborates After acquiring BitTorrent and successfully tokenizing the world’s largest peer-to-peer file sharing platform, Tron now has a partnership with Cred that will see TRX holders lend out their funds and earn up to 10 percent in interest. Tron Price Analysis Fundamental The thing is, there is nothing to take away from Tron or their aggressive co-founder, Justin sun. Although critics may say his marketing style deems the asset security, the fact is, Tron is a competing and…

Here’s Why Bitcoin Price Could Drop Below $4,800 in Coming Weeks

The bitcoin price continued its rally higher this Friday as traders kept their upside targets glued towards the 2018’s most traded price of $6,400. The BTC/USD pair hit $6,337 on the US-based cryptocurrency exchange Coinbase to bring its net bullish rebound up 102 percent. The pair, according to market analyst Josh Rager, was now testing $6,427 as its near-term resistance while $6,345 was providing crucial support to bitcoin’s next potential upside action. Rager also highlighted that bitcoin’s weekly RSI had crossed above 70 – an overbought territory – for the…

Binance, Bitfinex and Tether: What’s the Worst That Can Happen?

Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. The views expressed are those of the authors and are not investment advice. All investors, institutional or otherwise, have a duty to try to see the world as it truly is. Not as they wish it to be. This is especially true when putting investment dollars at risk. One needs to ask questions to understand elements influencing the outcome of an investment. One of those questions is: How could things go wrong here? Investment…

All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn’t Cut It

Amir Taaki created libbitcoin, the first alternative bitcoin implementation, and has worked on wallets Electrum and Darkwallet as well as privacy markets and decentralized technologies. Binance, the biggest crypto exchange by volume, was hacked on Tuesday. The hacker took $40 million or 7000 BTC. Binance had a chance to recover these funds. They could cut a deal with the majority hashpower miners. The miners would reverse the chain and gain a share of the stolen money. Binance this time decided not to make the deal with miners. And as time goes…

Bitcoin (BTC) Price Defies Gravity With Upsurge, Bulls Aiming $6.5K

Bitcoin price was unfazed and it recently broke the $6,200 resistance level against the US Dollar. The price even broke the $6,300 level and it seems like the bulls are now aiming $6,500. There is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could find a strong buying interest if it corrects lower towards $6,100 or $6,000. Bitcoin price rallied more than 4% and cleared $6,300 against the US Dollar. BTC remains in a…

Crypto Market Holding Uptrend: Bitcoin Rallies 4%, BNB Tumbles, BCH, EOS, TRX Analysis

The total crypto market cap is currently placed nicely above the $180.0B support area. Bitcoin price surged another 4% and broke the $6,250 and $6,300 resistance levels. EOS price is down 1.5% and it is currently trading above the $4.85 support level. Binance Coin (BNB) declined sharply and tumbled more than 8% below the $20.00 support. Bitcoin cash price is currently holding gains above the $285 and $290 support levels. Tron (TRX) price is down 5% and it recently broke the key $0.0240 support level. The crypto market cap is…

Ripple (XRP) Price Could Bleed Despite Bitcoin Price Surge

Ripple price remained in a bearish zone and failed to recover above $0.2980 against the US dollar. The price is currently trading near the $0.2910 support and remains at a risk of more losses. This week’s highlighted bearish trend line is still intact with resistance near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it could spike below the $0.2900 support before a fresh increase. Ripple price is struggling to start a rebound against the US Dollar and…